Equity | International and Global Equity

Invesco FTSE RAFI Developed Markets ex-U.S. ETF

Ticker: PXF

Product Details

The Invesco FTSE RAFI Developed Markets ex-U.S. ETF (Fund) is based on the FTSE RAFI Developed ex U.S. 1000 Index (Index). The Fund will generally invest at least 90% of its total assets in securities that comprise the Index as well as American depositary receipts (ADRs) and global depositary receipts (GDRs) that represent securities in the Index. The Index is designed to track the performance of the largest developed market equities (excluding the US), selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.

as of 09/30/2022

Morningstar Rating

Overall Rating - Foreign Large Value Category

As of 09/30/2022 the Fund had an overall rating of 4 stars out of 314 funds and was rated 4 stars out of 314 funds, 4 stars out of 292 funds and 4 stars out of 175 funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2022 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

as of 10/31/2022 09/30/2022

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
�FTSE RAFI Developed Markets ex-U.S. 1000 Index -17.87 -17.79 0.70 0.21 4.52 1.50
MSCI EAFE Index -23.17 -23.00 -1.27 -0.09 4.13 1.13
Fund History (%)
Fund NAV -18.02 -17.95 0.55 0.05 4.31 1.14
After Tax Held -19.09 -19.35 -0.39 -0.77 3.58 0.62
After Tax Sold -10.62 -10.25 0.34 0.06 3.44 0.97
Fund Market Price -17.86 -17.81 0.72 0.02 4.30 1.14
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
�FTSE RAFI Developed Markets ex-U.S. 1000 Index -23.11 -21.11 -0.37 -0.81 3.94 1.07
MSCI EAFE Index -27.09 -25.13 -1.83 -0.84 3.67 0.79
Fund History (%)
Fund NAV -23.60 -21.28 -0.68 -1.07 3.68 0.68
After Tax Held -24.59 -22.63 -1.61 -1.88 2.95 0.16
After Tax Sold -13.88 -12.15 -0.54 -0.74 2.99 0.64
Fund Market Price -23.59 -21.41 -0.66 -1.10 3.73 0.67

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

as of 09/30/2022

Growth of $10,000

Data beginning 10 years prior to the ending date of 09/30/2022. Fund performance shown at NAV.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

as of 12/01/2022

Sector Allocation

Sector Percent of Fund
Financials 24.12%
Industrials 12.91%
Energy 11.43%
Consumer Discretionary 9.69%
Materials 9.43%
Consumer Staples 8.20%
Health Care 6.97%
Information Technology 5.36%
Communication Services 5.19%
Utilities 4.59%
Real Estate 2.01%
Cash 0.06%
Investment Companies 0.05%
as of 12/01/2022

Top Country Allocation

Country Percentage
Japan 19.22%
United Kingdom 11.39%
France 10.03%
Canada 9.70%
Germany 8.83%
Australia 6.47%
Netherlands 5.37%
South Korea 4.07%
Switzerland 3.90%
United States 3.80%
as of 11/29/2022

Market Cap & Style Allocations

Large-Cap Value 43.00%
Large-Cap Blend 28.92%
Large-Cap Growth 11.45%
Mid-Cap Value 8.54%
Mid-Cap Blend 6.07%
Mid-Cap Growth 1.61%
Small-Cap Value 0.29%
Small-Cap Blend 0.13%
Small-Cap Growth 0.01%

as of 12/01/2022 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
SHEL LN Shell PLC 2.94
BP/ LN BP PLC 1.88
TTE FP TotalEnergies SE 1.79
005930 KS Samsung Electronics Co Ltd 1.22
NESN SW Nestle SA 1.19
7203 JP Toyota Motor Corp 1.02
HSBA LN HSBC Holdings PLC 1.02
BHP BHP Group Ltd 0.94
BATS LN British American Tobacco PLC 0.88
ROG SW Roche Holding AG 0.85
The characterizations of distributions reflected in this table are as of the date noted below. The actual amounts of income, capital gains and return of capital for tax purposes are only determined after the Fund’s fiscal year end, and may differ from the amounts and characterizations reflected in the chart below. Please refer to the Tax Center for the most current and/or final characterizations of these distributions, including any distributions characterized as return of capital.

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
09/19/2022 09/20/2022 09/23/2022 0.32391 0.32391 - - - -
06/21/2022 06/22/2022 06/30/2022 0.64621 0.64621 - - - -
03/21/2022 03/22/2022 03/31/2022 0.36352 0.36352 - - - -
12/20/2021 12/21/2021 12/31/2021 0.81743 0.81743 - - - -
09/20/2021 09/21/2021 09/30/2021 0.36437 0.36437 - - - -
06/21/2021 06/22/2021 06/30/2021 0.29116 0.29116 - - - -
03/22/2021 03/23/2021 03/31/2021 0.29672 0.29672 - - - -
12/21/2020 12/22/2020 12/31/2020 0.16243 0.16243 - - - -
09/21/2020 09/22/2020 09/30/2020 0.20004 0.20004 - - - -
06/22/2020 06/23/2020 06/30/2020 0.24469 0.24469 - - - -
03/23/2020 03/24/2020 03/31/2020 0.29009 0.29009 - - - -
12/23/2019 12/24/2019 12/31/2019 0.18924 0.18924 - - - -
09/23/2019 09/24/2019 09/30/2019 0.47189 0.47189 - - - -
06/24/2019 06/25/2019 06/28/2019 0.65525 0.65525 - - - -
03/18/2019 03/19/2019 03/29/2019 0.17098 0.17098 - - - -
12/24/2018 12/26/2018 12/31/2018 0.30566 0.30566 - - - -
09/24/2018 09/25/2018 09/28/2018 0.17236 0.17236 - - - -
06/18/2018 06/19/2018 06/29/2018 0.67191 0.67191 - - - -
03/19/2018 03/20/2018 03/29/2018 0.11836 0.11836 - - - -
12/18/2017 12/19/2017 12/29/2017 0.43648 0.43648 - - - -
09/18/2017 09/19/2017 09/29/2017 0.18332 0.18332 - - - -
06/16/2017 06/20/2017 06/30/2017 0.60423 0.60423 - - - -
03/17/2017 03/21/2017 03/31/2017 0.04022 0.04022 - - - -
12/16/2016 12/20/2016 12/30/2016 0.42754 0.42754 - - - -
09/16/2016 09/20/2016 09/30/2016 0.14307 0.14307 - - - -
06/17/2016 06/21/2016 06/30/2016 0.53293 0.53293 - - - -
03/18/2016 03/22/2016 03/31/2016 0.10341 0.10341 - - - -
12/18/2015 12/22/2015 12/31/2015 0.34758 0.34758 - - - -
09/18/2015 09/22/2015 09/30/2015 0.10021 0.10021 - - - -
06/19/2015 06/23/2015 06/30/2015 0.59259 0.59259 - - - -
03/20/2015 03/24/2015 03/31/2015 0.08084 0.08084 - - - -
12/19/2014 12/23/2014 12/31/2014 0.33915 0.33915 - - - -
09/19/2014 09/23/2014 09/30/2014 0.16784 0.16784 - - - -
06/20/2014 06/24/2014 06/30/2014 0.62475 0.62475 - - - -
03/21/2014 03/25/2014 03/31/2014 0.44953 0.44953 - - - -
12/20/2013 12/24/2013 12/31/2013 0.30866 0.30866 - - - -
09/20/2013 09/24/2013 09/30/2013 0.35052 0.35052 - - - -
06/21/2013 06/25/2013 06/28/2013 0.32000 0.32000 - - - -
03/15/2013 03/19/2013 03/28/2013 0.07856 0.07856 - - - -
12/21/2012 12/26/2012 12/31/2012 0.27579 0.27579 - - - -
09/21/2012 09/25/2012 09/28/2012 0.05651 0.05651 - - - -
06/15/2012 06/19/2012 06/29/2012 0.57597 0.57597 - - - -
03/16/2012 03/20/2012 03/30/2012 0.07266 0.07266 - - - -
12/16/2011 12/20/2011 12/30/2011 0.30285 0.30285 - - - -
09/16/2011 09/20/2011 09/30/2011 0.19611 0.19611 - - - -
06/17/2011 06/21/2011 06/30/2011 0.20877 0.20877 - - - -
12/17/2010 12/21/2010 12/31/2010 0.79673 0.79673 - - - -
09/17/2010 09/21/2010 09/30/2010 0.04233 0.04233 - - - -
06/18/2010 06/22/2010 06/30/2010 0.11872 0.11872 - - - -
03/19/2010 03/23/2010 03/31/2010 0.02590 0.02590 - - - -
12/18/2009 12/22/2009 12/31/2009 0.61952 0.61952 - - - -
09/18/2009 09/22/2009 09/30/2009 0.05316 0.05316 - - - -
06/19/2009 06/23/2009 06/30/2009 0.09775 0.09775 - - - -
12/19/2008 12/23/2008 12/31/2008 0.43699 0.43699 - - - -
06/20/2008 06/24/2008 06/30/2008 0.39707 0.39707 - - - -
03/20/2008 03/25/2008 03/31/2008 0.03277 0.03277 - - - -
12/21/2007 12/26/2007 12/31/2007 0.09981 0.09981 - - - -
09/21/2007 09/25/2007 09/28/2007 0.01328 0.01328 - - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2022 64 12 11 10 1 1 0
06/30/2022 62 10 10 13 1 0 0
03/31/2022 62 10 8 18 2 0 0
12/31/2021 64 25 17 7 0 0 0
Year Ended 2021 252 97 68 35 0 1 0
    Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2022 64 10 13 6 0 0 0
06/30/2022 62 16 9 3 0 0 0
03/31/2022 62 15 6 3 0 0 0
12/31/2021 64 8 7 0 0 0 0
Year Ended 2021 252 26 19 6 0 0 0

Fund Inception : 06/25/2007

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.

Premiums/Discounts

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.

 Risk & Other Information

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

Investments focused in a particular sector, such as financials, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

Stocks of medium-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

The performance of an investment concentrated in issuers of a certain regions or countries, such as Asia Pacific and Europe, are expected to be closely tied to conditions within those regions and to be more volatile than more geographically diversified investments.

The Fund may become “non-diversified”, as defined under the Investment Company Act of 1940, as amended, solely as a result of a change in relative market capitalization or index weighting of one or more constitutes of the Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status under such circumstances.

The MSCI EAFE® Index is an unmanaged index considered representative of stocks of Europe, Australasia and the Far East. The index is computed using the net return, which withholds applicable taxes for non-resident investors.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

Shares of the Fund are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE"), or by the London Stock Exchange Plc ("Exchange"), or by The Financial Times Limited ("FT") or by Research Affiliates LLC ("RA"), and neither FTSE nor Exchange nor FT nor RA makes any warranty or representation whatsoever, expressly or implicitly, as to the results to be obtained from the use of the FTSE RAFI Developed ex-U.S. Index ("Index") and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE in conjunction with RA; however, neither FTSE nor Exchange nor FT nor RA shall be liable (whether in negligence or otherwise) to any person for any error in the Index, and neither FTSE nor the Exchange nor FT nor RA shall be under any obligation to advise any person of any error therein. "FTSE" is a trademark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited under license. "Research Affiliates" and "Fundamental Index" are trademarks of Research Affiliates.

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.