PXH

Invesco FTSE RAFI Emerging Markets ETF

Invesco FTSE RAFI Emerging Markets Portfolio seeks investment results that correspond to the FTSE RAFI Emerging Markets Index.


Emerging Market

EQUITY

Rules-Based

MANAGEMENT STYLE

1.5 B

ASSETS UNDER MGMT

49 bp

EXPENSES
Fund Basics
Fund sponsorInvesco
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateSep 27, 2007
Assets (mns)$1,515
Expense ratio49 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionFundamental
WeightingFundamental
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TAIWAN SEMICONDUCTOR MANUFAC 5.9 %
ALIBABA GROUP HOLDING LTD. 4.2 %
CHINA CONSTRUCTION BANK-H 3.2 %
TENCENT HOLDINGS LTD 3.1 %
PETROBRAS - PETROLEO BRAS-PR 3.0 %
IND & COMM BK OF CHINA - H 2.6 %
PING AN INSURANCE GROUP CO-H 2.1 %
HON HAI PRECISION INDUSTRY 1.9 %
VALE SA 1.9 %
BANK OF CHINA LTD - H 1.9 %
Constituent Breakdown
Number of holdings384
Herfindahl-Hirschman Index 142
Wgt avg mkt cap (mns)$111,276
Large cap (>$10bn)73.3%
Mid cap ($2-10bn)17.7%
Small cap (<$2bn)1.9%
Developed mkts.2.6%
Emerging mkts.90.8%
Country Exposure
CHINA 37.5 %
TAIWAN 18.6 %
INDIA 10.4 %
BRAZIL 10.2 %
SOUTH AFRICA 3.6 %
HONG KONG 2.9 %
THAILAND 2.4 %
SAUDI ARABIA 2.3 %
MEXICO 2.1 %
TURKEY 1.2 %
Historical Performance


Standardized Performance (as of 05/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 8.4% 8.6% 11.5% 3.9% 5.6% 1.2% -- -0.9%
Dividend Yield 0.0% 3.4% 4.4% 4.8% 4.6% 3.7% -- 2.9%
Total Returns 8.4% 12.0% 15.9% 8.6% 10.2% 5.0% -- 2.0%
Ann. Volatility 24.0% 21.7% 18.6% 18.5% 18.5% 21.4% -- 27.1%
Market Correlations
versus...BetaR-squared
S&P 5000.5734%
MSCI EAFE0.7156%
MSCI Emg Mkts0.8987%
Liquidity Measures
Avg. volume (000)237
ADV traded (mns)$6
Turnover0.4%
Avg. Bid/Ask (% of price)0.07%
Technical Indicators
Recent close$23.40
30d moving avg.$22.88
Annualized volatility16.4%
Relative strength (RSI)60
Short interest4.9%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: 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
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins

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Valuation Metrics
  Fwd Est 2024 2025 2026
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 6/30/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings



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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

PXH

16.0%

Cat. Avg

8.1%


ALTAR Score™ Calculation

Category Overview
There are 117 funds in the Emerging Equity category, with an average ALTAR Score™ of 8.1% and a standard deviation of 2.5%. PXH's ALTAR Score™ is approximately 3.1 standard deviations above the category average. This places PXH in the 99th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

PXH
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Emerging Market Equity ETFs
# of ETFs 103
Avg. Expense Ratio 64.6 bp
Std. Deviation 29 bp
(49 bp) Percentile rank 29
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
PXH 49.0 0.0 49
Peer Avg. 47.5 42.4 89.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .