Invesco International Developed Dynamic Multifactor ETF
$33.89−0.50 (−1.45%)
- Expense ratio
- 0.34%
- Fund size
- $1.1B
- 1Y return
- +29.4%
- Yield · Last 12 months
- 3.35%
- Holdings
- 1145
- Volume · 30D
- 0.1M sh
- NAV per share
- $34.03
- 52W range
The ETF.net IMFL Grade
Score 46 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 53Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 37Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 44Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 37Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 57Category rank
Our read on IMFL
CMost international factor funds pick a factor mix and leave it alone. IMFL re-weights monthly, letting Invesco's regime model read where the economy sits in its cycle and shift the tilt across value, momentum, quality, low volatility and size.
The Fund is based on the FTSE Developed ex US Invesco Dynamic Multifactor Index and invests at least 80% of its total assets in securities included in that Index.
Why people hold it
- The rotation is rules-based, not a hunch: the index rebalances monthly on Invesco's Regime Model, built from readings like manufacturing and consumer sentiment, monetary conditions, housing and labor data.invesco.cometfstrategy.com
- A 0.34% expense ratio sits under the typical fee in its international multifactor group, which is unusual for a strategy with an active-style overlay running on top of the index.
- Wide, not concentrated: roughly 900 developed-market stocks outside the US, drawn from the FTSE Developed ex US universe, with at least 80% of assets in index names.
- A multi-billion-dollar fund that trades with reasonable regularity, and it pays distributions quarterly.
Worth knowing
- The regime call is a judgment layer. When the model reads the cycle differently than markets do, IMFL can drift well away from a plain developed ex-US index in either direction.invesco.com
- Static factor blends in the same group cost less, notably INTF at 0.16% and FDEV at 0.18%. The rotation machinery is what you are paying the difference for.
- Monthly reweighting means more portfolio turnover than a once-a-year rebalance, and the index is measured on a net-return basis, after foreign withholding taxes.invesco.com
IMFL Holdings
- Stocks
- 1,145
- 26%
- 005930.KS
Sectors
- Industrials18.7%
- Technology14.8%
- Health Care12.6%
- Financials11.9%
- Cons. Staples11.8%
- Consumer Discr.7.8%
- Energy6.5%
- Materials6.3%
- Utilities4.1%
- Communication4.1%
- Real Estate1.5%
Geography
- Japan14.78%
- South Korea13.53%
- United Kingdom12.90%
- Switzerland11.41%
- France9.23%
- Australia7.41%
- Germany5.33%
- Sweden4.33%
- 21.07%
Developed 85% · Emerging 15%
IMFL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IMFL |
|---|---|
| Year to date | +18.6% |
| 1 month | −1.5% |
| 3 months | +0.6% |
| 1 year | +29.4% |
| 3 years | +17.2% |
| 5 years | +9.0% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IMFL |
|---|---|---|
| 2026 YTD | +18.6% | |
| 2025 | +30.9% | |
| 2024 | −3.6% | |
| 2023 | +25.5% | |
| 2022 | −17.3% | |
| 2021 | +7.0% |
IMFL in the news
ETF.net Research hasn’t filed on IMFL yet — coverage lands here as it’s written.
IMFL Dividends
- 3.35%
- $1.15
- $0.39 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.39 |
| Jun 22, 2026 | Jun 26, 2026 | $0.20 |
| Mar 23, 2026 | Mar 27, 2026 | $0.30 |
| Dec 22, 2025 | Dec 26, 2025 | $0.27 |
| Sep 22, 2025 | Sep 26, 2025 | $0.23 |
| Jun 23, 2025 | Jun 27, 2025 | $0.21 |
| Mar 24, 2025 | Mar 28, 2025 | $0.16 |
| Dec 23, 2024 | Dec 27, 2024 | $0.03 |
| Sep 23, 2024 | Sep 27, 2024 | $0.32 |
| Jun 24, 2024 | Jun 28, 2024 | $0.28 |
| Mar 18, 2024 | Mar 22, 2024 | $0.20 |
| Dec 18, 2023 | Dec 22, 2023 | $0.36 |
IMFL Risk
- 13.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.90
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −32.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.86
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IMFL Cost
- The middle half of International Multifactor funds
- Median 0.35%
13 of the 30 International Multifactor funds charge less.