IMFL
Invesco International Developed Dynamic Multifactor ETF
IMFL tracks a developed market ex-US index that holds large- and some midcap equity securities based on multiple factors. Securities are selected depending on the stage in the economic cycle of the overall market.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
472.5 M
ASSETS UNDER MGMT
34 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 24, 2021 |
| Assets (mns) | $472 |
| Expense ratio | 34 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SAP AG | 5.7 % |
| NOVO NORDISK A/S-B | 4.0 % |
| NOVARTIS AG | 4.0 % |
| SAMSUNG ELECTRONICS CO LTD | 3.4 % |
| SCHNEIDER ELECTRIC SA | 3.0 % |
| ABB LTD. | 2.8 % |
| REED ELSEVIER PLC | 2.5 % |
| 3I GROUP PLC | 2.4 % |
| INVESTOR AB-B SHS | 2.3 % |
| FERRARI NV | 2.1 % |
Constituent Breakdown
| Number of holdings | 362 |
| Herfindahl-Hirschman Index | 162 |
| Wgt avg mkt cap (mns) | $124,431 |
| Large cap (>$10bn) | 92.9% |
| Mid cap ($2-10bn) | 6.7% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 92.8% |
| Emerging mkts. | 7.2% |
Country Exposure
 |
JAPAN | 15.0 % |
 |
BRITAIN | 14.8 % |
 |
SWITZERLAND | 12.7 % |
 |
GERMANY | 10.2 % |
 |
FRANCE | 8.3 % |
 |
AUSTRALIA | 7.0 % |
 |
SOUTH KOREA | 6.9 % |
 |
DENMARK | 4.6 % |
 |
SWEDEN | 4.1 % |
 |
CANADA | 2.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -0.3% | 14.2% | 19.1% | 1.4% | -- | -- | 2.5% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.85 | 66% |
| MSCI EAFE | 1.00 | 94% |
| MSCI Emg Mkts | 0.81 | 61% |
Liquidity Measures
| Avg. volume (000) | 36 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.54% |
| ADV of underlying (mns) | $41,696 |
Technical Indicators
| Recent close | $23.68 |
| 30d moving avg. | $25.14 |
| Annualized volatility | 18.1% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IMFL |
Expenses vs. IMFL |
ALTAR Score™ vs. IMFL |
|---|---|---|---|---|
| OEUR | ALPS O'Shares Europe Quality Dividend ETF | 45.1% | +14 bp | -0.2% |
| IDHQ | Invesco S&P International Developed High Quality ETF | 44.1% | -5 bp | +0.6% |
| QEFA | SPDR MSCI EAFE StrategicFactors ETF | 43.6% | -4 bp | +1.4% |
| EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 42.7% | -14 bp | +0.6% |
| EFA | iShares MSCI EAFE ETF | 42.4% | +1 bp | +1.0% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 41.2% | -14 bp | +1.2% |
| IQLT | iShares MSCI Intl Quality Factor ETF | 40.7% | -4 bp | +0.3% |
| STXI | Strive International Developed Markets ETF | 40.6% | -5 bp | +1.0% |
| EFG | iShares MSCI EAFE Growth ETF | 40.2% | +2 bp | -1.4% |
| UMMA | Wahed Dow Jones Islamic World ETF | 39.7% | +31 bp | -1.4% |
Risk and Returns: IMFL 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
IMFL
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
IMFL
5.9%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.6%. IMFL's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places IMFL in the 29th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IMFLSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| IMFL (34 bp) Percentile rank | 36 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IMFL | 34.0 | 53.6 | 87.6 |
| Peer Avg. | 42.8 | 27.5 | 70.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .