REFA
This fund is in our universe, but the data needed to grade it was not available when this generation was scored.New York Stock Exchange ArcaColumbia Research Enhanced International Equity ETF
$23.49+0.00 (+0.00%)
- Expense ratio
- 0.32%
- Fund size
- $6M
- 1Y return
- —
- Yield · Last 12 months
- Data unavailable
- Volume · 30D
- 0M sh
- NAV per share
- $23.21
- 52W range
Our read on REFA
Columbia takes the developed-markets index and runs it through its own research screen: value, quality and momentum decide who stays. A rules-based tilt on the ex-US core, in index-fund clothing, and new enough that its record is still being written.
The Fund seeks to closely track, before fees and expenses, the Beta Advantage® Research Enhanced International Equity Index. Its portfolio uses a rules-based strategic-beta approach to international developed-market equities.
Why people hold it
- The tilt is written into the index, not left to a manager's gut: the Beta Advantage Research Enhanced International Equity Index screens developed-market stocks on value, quality and momentum.
- Plain plumbing under the strategy: a 1940 Act equity ETF tracking a published index, no leverage, no derivatives overlay, no exotic structure.
- One ticker for developed markets outside the US, with distributions on an annual or semiannual schedule.
Worth knowing
- At 0.32% a year, it sits well above the cap-weighted core funds (VEA, SPDW, SCHF, IDEV) that charge single-digit basis points. The research screen is what the extra buys.
- Launched in December 2025, so there is no long tracking or performance history to size it up against older developed-market funds.
- A small, thinly traded fund so far: spreads can run wider than on the giant index peers, and it is early days for the asset base.
REFA Holdings
- Stocks
- —
- 25%
- ASML.AS
Geography
- Japan27.33%
- United Kingdom15.11%
- France8.29%
- Germany7.34%
- Australia7.08%
- Switzerland6.89%
- Netherlands5.05%
- Spain4.17%
- 18.74%
Developed 98% · Emerging 2%
REFA 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 | REFA |
|---|---|
| Year to date | +14.6% |
| 1 month | −1.6% |
| 3 months | +3.2% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 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 | REFA |
|---|---|---|
| 2026 YTD | +14.6% | |
| 2025 | +0.5% |
REFA in the news
ETF.net Research hasn’t filed on REFA yet — coverage lands here as it’s written.
REFA Dividends
- $0.007 per share
- Irregular
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 18, 2025 | Data unavailable | $0.007 |
REFA Risk
- —
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.
- —
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.
- —
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.
- 0.42
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
REFA Cost
- 0.32%