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
1.6 B
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 25, 2007 |
| Assets (mns) | $1,637 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SHELL PLC | 2.3 % |
| BROOKFIELD CORP | 1.6 % |
| TOTAL SA | 1.1 % |
| HSBC HOLDINGS PLC | 1.1 % |
| SAMSUNG ELECTRONICS CO LTD | 1.1 % |
| TOYOTA MOTOR CORP | 1.0 % |
| BP PLC | 1.0 % |
| ROYAL BANK OF CANADA | 1.0 % |
| MITSUBISHI UFJ FINANCIAL GRO | 0.9 % |
| ROCHE HOLDING LTD | 0.9 % |
Constituent Breakdown
| Number of holdings | 1003 |
| Herfindahl-Hirschman Index | 39 |
| Wgt avg mkt cap (mns) | $67,086 |
| Large cap (>$10bn) | 83.0% |
| Mid cap ($2-10bn) | 16.3% |
| Small cap (<$2bn) | 0.5% |
| Developed mkts. | 96.1% |
| Emerging mkts. | 3.8% |
Country Exposure
 |
JAPAN | 22.2 % |
 |
BRITAIN | 15.2 % |
 |
CANADA | 9.8 % |
 |
GERMANY | 9.3 % |
 |
FRANCE | 8.3 % |
 |
SWITZERLAND | 6.1 % |
 |
AUSTRALIA | 4.8 % |
 |
ITALY | 3.4 % |
 |
SOUTH KOREA | 3.3 % |
 |
SPAIN | 3.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.4% | 12.8% | 12.4% | 7.2% | 7.4% | 5.3% | 2.9% | Volatility | 12.9% | 12.9% | 14.3% | 16.8% | 21.0% | 18.2% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.80 | 65% |
| MSCI EAFE | 0.97 | 92% |
| MSCI Emg Mkts | 0.79 | 62% |
Liquidity Measures
| Avg. volume (000) | 128 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.29% |
| ADV of underlying (mns) | $52,258 |
Technical Indicators
| Recent close | $47.66 |
| 30d moving avg. | $49.38 |
| Annualized volatility | 17.5% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.1% |
| 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. PXF |
Expenses vs. PXF |
ALTAR Score™ vs. PXF |
|---|---|---|---|---|
| FNDF | Schwab Fundamental International Large Co. Index ETF | 78.7% | -20 bp | +1.2% |
| SCHF | Schwab International Equity ETF | 67.3% | -39 bp | -1.5% |
| VEA | Vanguard FTSE Developed Markets ETF | 67.0% | -40 bp | -1.7% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 66.2% | -42 bp | -1.8% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 65.6% | -41 bp | -1.9% |
| EFA | iShares MSCI EAFE ETF | 64.5% | -10 bp | -2.2% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 63.9% | -25 bp | -2.0% |
| BKIE | BNY Mellon International Equity ETF | 63.5% | -41 bp | -2.1% |
| IEFA | iShares Core MSCI EAFE ETF | 63.0% | -38 bp | -1.9% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 60.9% | -25 bp | -2.2% |
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
| 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 12/23/2024
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
PXF
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
PXF
9.2%
Cat. Avg
7.5%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.5% and a standard deviation of
2.7%. PXF's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places PXF in the 74th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PXFSELL
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 |
| PXF (45 bp) Percentile rank | 54 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PXF | 45.0 | 29.3 | 74.3 |
| Peer Avg. | 35.6 | 19.0 | 54.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .