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

504.8 M

ASSETS UNDER MGMT

34 bp

EXPENSES
Fund Basics
Fund sponsorInvesco
CategoryInternational
Asset classEquity
Websitelink...
Inception dateFeb 24, 2021
Assets (mns)$505
Expense ratio34 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingMulti-Factor
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
SAP AG 4.8 %
ROCHE HOLDING LTD 4.7 %
3I GROUP PLC 4.2 %
NINTENDO CO LTD 3.7 %
DEUTSCHE TELEKOM AG 3.5 %
NOVARTIS AG 3.3 %
ASTRAZENECA PLC 2.7 %
HYNIX SEMICONDUCTOR INC 2.1 %
UNILEVER PLC 2.0 %
INVESTOR AB-B SHS 2.0 %
Constituent Breakdown
Number of holdings394
Herfindahl-Hirschman Index 158
Wgt avg mkt cap (mns)$101,546
Large cap (>$10bn)91.3%
Mid cap ($2-10bn)7.9%
Small cap (<$2bn)0.5%
Developed mkts.93.3%
Emerging mkts.6.7%
Country Exposure
BRITAIN 19.2 %
JAPAN 17.5 %
GERMANY 11.9 %
SWITZERLAND 11.5 %
FRANCE 8.5 %
AUSTRALIA 7.3 %
SOUTH KOREA 5.2 %
SWEDEN 3.7 %
CANADA 1.9 %
NETHERLANDS 1.8 %
Historical Performance


Standardized Performance (as of 02/28/2025)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 6.3% 3.2% 9.6% 5.4% -- -- 3.2%
Volatility 14.1% 14.7% 14.2% 16.1% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.7962%
MSCI EAFE0.9794%
MSCI Emg Mkts0.7862%
Liquidity Measures
Avg. volume (000)53
Turnover0.3%
Avg. Bid/Ask (% of price)0.54%
ADV of underlying (mns)$21,283
Technical Indicators
Recent close$24.70
30d moving avg.$25.25
Annualized volatility17.3%
Relative strength (RSI)50
Short interest (ETF)0.2%
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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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
  2020 2021 2022 2023 2024 2025E 2026E  
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
  2024 2025E Fwd Est 2026E
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 --%
1.9 14.8 2.3 2.9% --
Based on closing prices from 4/2/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

6.2%

Cat. Avg

7.5%


ALTAR Score™ Calculation

Category Overview
There are 258 funds in the International Equity category, with an average ALTAR Score™ of 7.5% and a standard deviation of 2.4%. 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

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

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
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. 44.1 23.4 67.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .