PXF
Invesco FTSE RAFI Developed Markets ex-U.S. ETF
The Invesco FTSE RAFI Developed Markets ex-U.S. Portfolio is based on the FTSE RAFI Developed Markets ex-U.S. Index™. The Index weights stock of the largest developed markets (ex-U.S.), based on the following four fundamental measures of firm size: book value, income, sales and dividends.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 2.8 B
ASSETS UNDER MGMT
43 bp
EXPENSES
Fund Basics
| Inception date | Jun 25, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SAMSUNG ELECTRONICS CO LTD | 7.0 % |
| SHELL PLC | 1.8 % |
| TOTAL SA | 1.4 % |
| HSBC HOLDINGS PLC | 1.2 % |
| BHP BILLITON LTD | 1.1 % |
| GLENCORE INTERNATIONAL PLC | 1.0 % |
| ROCHE HOLDING AG ORDINARY SHARES NEW | 0.9 % |
| TOYOTA MOTOR CORP | 0.9 % |
| BP PLC | 0.9 % |
| DAIMLER AG-REGISTERED SHARES | 0.8 % |
Constituent Breakdown
| Number of holdings | 1042 |
| Herfindahl-Hirschman Index | 80 |
| Wgt avg mkt cap (mns) | $157,158 |
| Large cap (>$10bn) | 86.3% |
| Mid cap ($2-10bn) | 10.9% |
| Small cap (<$2bn) | 0.5% |
| Developed mkts. | 85.8% |
| Emerging mkts. | 12.1% |
Sector Breakdown
Country Exposure
 |
JAPAN | 23.1 % |
 |
BRITAIN | 11.9 % |
 |
SOUTH KOREA | 11.7 % |
 |
CANADA | 8.6 % |
 |
FRANCE | 7.3 % |
 |
GERMANY | 7.2 % |
 |
SWITZERLAND | 5.1 % |
 |
AUSTRALIA | 4.7 % |
 |
SPAIN | 2.6 % |
 |
NETHERLANDS | 2.6 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 16.3% | 24.6% | 20.9% | 20.5% | 10.2% | 7.6% | -- | 2.3% |
| Dividend Yield | 2.7% | 4.4% | 4.3% | 4.3% | 4.3% | 3.8% | -- | 3.1% |
| Total Returns | 19.0% | 29.1% | 25.3% | 24.8% | 14.5% | 11.3% | -- | 5.4% | Ann. Volatility | 18.3% | 16.8% | 16.4% | 15.4% | 16.6% | 17.8% | -- | 23.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.99 | 58% |
| MSCI EAFE | 1.02 | 92% |
| MSCI Emg Mkts | 0.57 | 75% |
Liquidity Measures
| Avg. volume (000) | 135 |
| ADV traded (mns) | $10 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| 30d moving avg. (EMA) | $76.66 |
| Relative strength (RSI) | 46 |
| MACD/Signal | -0.38/-0.47 |
| Bollinger Bands (Upper/Lower) | $77.07/$75.26 |
| Short interest (% of AUM) | 0.6% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PXF |
Expenses vs. PXF |
ALTAR Score™ vs. PXF |
|---|---|---|---|---|
| FNDF | Schwab Fundamental International Large Co. Index ETF | 73.3% | -18 bp | +0.6% |
| EASG | Xtrackers MSCI EAFE ESG Leaders Equity ETF | 61.8% | -29 bp | -1.3% |
| BKIE | BNY Mellon International Equity ETF | 61.1% | -39 bp | -1.2% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 60.8% | -23 bp | -0.9% |
| VEA | Vanguard FTSE Developed Markets ETF | 58.2% | -40 bp | -0.9% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 58.1% | -40 bp | -1.1% |
| SCHF | Schwab International Equity ETF | 58.0% | -40 bp | -0.8% |
| VDV | Vanguard Developed Markets ex US Value Index ETF | 57.3% | -35 bp | +0.1% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 56.6% | -39 bp | -1.2% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 56.2% | -18 bp | -1.4% |
Risk and Returns: PXF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/30/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
7.9%
ALTAR SCORE™
81st
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 425 funds in the International Equity category with an average
ALTAR Score™ of 6.6% and a standard deviation
of 1.5%. PXF's ALTAR Score™ is approximately 0.9 standard
deviations above the category average. This places PXF in the 81st percentile
among funds in the category.
Sell-Side Consensus
$94.36
PRICE TARGET
+23.8%
UPSIDE