Invesco RAFI Developed Markets ex-U.S. ETF
$77.38−1.23 (−1.56%)
- Expense ratio
- 0.43%
- Fund size
- $3.0B
- 1Y return
- +33.3%
- Yield · Last 12 months
- 3.17%
- Holdings
- 1017
- Volume · 30D
- 0.1M sh
- NAV per share
- $78.30
- 52W range
The ETF.net PXF Grade
Score 52 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.FScore 5Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 61Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 51Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 65Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 58Category rank
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
- 1,017
- 15%
- 005930.KS
Sectors
- Financials21.4%
- Industrials14.6%
- Technology11.6%
- Consumer Discr.10.0%
- Energy9.8%
- Materials9.7%
- Health Care7.4%
- Cons. Staples6.3%
- Communication4.4%
- Utilities3.3%
- Real Estate1.6%
Geography
- Japan23.69%
- United Kingdom12.98%
- Korea (the Republic of)9.03%
- Canada8.66%
- Germany7.73%
- France7.56%
- Switzerland5.93%
- Australia4.78%
- 19.64%
Developed 90% · Emerging 10%
PXF 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 | PXF |
|---|---|
| Year to date | +22.7% |
| 1 month | −0.8% |
| 3 months | +2.8% |
| 1 year | +33.3% |
| 3 years | +25.3% |
| 5 years | +15.0% |
| 10 years | +11.6% |
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 | +22.7% | |
| 2025 | +42.5% | |
| 2024 | +4.5% | |
| 2023 | +18.5% | |
| 2022 | −9.1% | |
| 2021 | +15.9% | |
| 2020 | +2.6% |
PXF in the news
ETF.net Research hasn’t filed on PXF yet — coverage lands here as it’s written.
PXF Dividends
- 3.17%
- $2.49
- $0.55 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.55 |
| Jun 22, 2026 | Jun 26, 2026 | $0.68 |
| Mar 23, 2026 | Mar 27, 2026 | $0.49 |
| Dec 22, 2025 | Dec 26, 2025 | $0.77 |
| Sep 22, 2025 | Sep 26, 2025 | $0.43 |
| Jun 23, 2025 | Jun 27, 2025 | $0.72 |
| Mar 24, 2025 | Mar 28, 2025 | $0.46 |
| Dec 23, 2024 | Dec 27, 2024 | $0.33 |
| Sep 23, 2024 | Sep 27, 2024 | $0.33 |
| Jun 24, 2024 | Jun 28, 2024 | $0.63 |
| Mar 18, 2024 | Mar 22, 2024 | $0.37 |
| Dec 18, 2023 | Dec 22, 2023 | $0.35 |
PXF Risk
- 12.9%
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.
- 1.47
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
- The middle half of Developed International Core funds
- Median 0.09%
19 of the 21 Developed International Core funds charge less.