Invesco RAFI Developed Markets ex-U.S. ETF
$76.04+0.35 (+0.46%)
- 0.43%
- $2.9B
- +30.1%
- 3.29%
- 0.1M sh
- $75.59
- low $60.41high $80.65
The ETF.net PXF Grade
C
Score 52 out of 100
- 16 of 21
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F5 out of 100Rank 20 of 21Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 18Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B59 out of 100Rank 4 of 21Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C47 out of 100Rank 11 of 21Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A72 out of 100Rank 6 of 20Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B56 out of 100Rank 13 of 21
Our read on PXF
CMost developed-market index funds size a company by its stock price. PXF uses the RAFI method instead, weighting roughly 1,000 non-US names by fundamental measures of the business, which pulls the portfolio toward value.
The Fund seeks to track the investment results of its underlying index before fees and expenses, primarily by investing in securities that make up that index.
Why people hold it
- The RAFI screen sizes holdings by fundamental measures of the business rather than share price, so a stock does not get a bigger slot just for going up.invesco.com
- Roughly 1,000 companies across developed markets outside the US, wide enough that no single name carries the fund.
- Live since 2007 and now a multibillion-dollar fund: the long-standing fundamental-weighted option in a category otherwise built on market cap.
- Straight index tracking with no manager discretion, and it has hugged the FTSE RAFI Developed ex US 1000 Index it is built to follow. Pays quarterly.
Worth knowing
- 0.43% a year against 0.03% at cap-weighted peers like VEA, SPDW and SCHF. The fundamental weighting comes with a real price tag.
- Volume is moderate next to the category giants, so spreads and limit orders matter more on large or hurried trades.
- A value tilt is a deliberate departure from the market, and it can trail cap-weighted developed funds for long stretches when the biggest growth names lead.
PXF Holdings
- Stocks
- 1,030
- 14%
- 005930.KS
Sectors
- Financials21.6%
- Industrials15.0%
- Technology10.7%
- Energy9.9%
- Consumer Discretionary9.8%
- Materials9.3%
- Health Care7.5%
- Consumer Staples6.6%
- Communication4.5%
- Utilities3.4%
- Real Estate1.7%
Geography
- Japan23.94%
- United Kingdom13.29%
- Canada8.65%
- Korea (the Republic of)8.10%
- Germany7.86%
- France7.63%
- Switzerland6.09%
- Australia4.92%
- 19.52%
Developed 91% · Emerging 9%
PXF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PXF$13,006
Returns run to the Oct 12, 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 | PXF |
|---|---|
| Year to date | +18.1% |
| 1 month | −4.3% |
| 3 months | +0.2% |
| 1 year | +30.1% |
| 3 years | +24.5% |
| 5 years | +14.1% |
| 10 years | +11.4% |
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 | PXF |
|---|---|---|
| 2026 YTD | +18.1% | |
| 2025 | +42.5% | |
| 2024 | +4.5% | |
| 2023 | +18.5% | |
| 2022 | −9.1% | |
| 2021 | +15.9% | |
| 2020 | +2.6% |
PXF in the news
PXF Dividends
- 3.29%
- $2.49
- $0.55 per share
- Quarterly
Distribution history
PXF Risk
- 13.0%
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.
- 1.44
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.
- −26.8%
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.
- 0.92
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PXF Cost
0.43%
PXF0.43%
- The middle half of Developed International Core funds
- Median 0.09%
19 of the 21 Developed International Core funds charge less.
Other funds in Developed International Core
- BFNDFSchwab Fundamental International Large Company Index ETFExpense ratio 0.25%1 year return +30.7%
- BKOKUXtrackers MSCI Kokusai Equity ETFExpense ratio 0.09%1 year return +15.8%
- CGSIDGoldman Sachs MarketBeta International Equity ETFExpense ratio 0.25%1 year return +16.1%
- CTOKiShares MSCI Kokusai ETFExpense ratio 0.25%1 year return +18.3%
- CHFXINYLI FTSE International Equity Currency Neutral ETFExpense ratio 0.19%1 year return +23.6%