Invesco FTSE RAFI Developed Markets ex-US ETF

PXF

Market cap $2.66B

The Invesco RAFI Developed Mkts ex-US ETF (PXF) continues to outperform the S&P 500, driven by a weaker U.S. dollar and attractive international valuations. PXF maintains a distinct value tilt, selecting holdings based on strong fundamental metrics like dividends, cash flows, book value, and sales. Despite a rise in trailing P/E to 16.7x, PXF remains notably cheaper than the S&P 500 even after accounting for weaker GDP growth prospects, supporting a continued Buy rating.

iShares MSCI USA Value Factor ETF (NYSEARCA:VLUE) targets a specific investor problem: capturing value stock outperformance without the concentration risk of individual stock picking.

For investors seeking international developed market exposure without traditional market-cap weighting, Invesco RAFI Developed Markets ex-U.S.

The Invesco RAFI Developed Markets ex-U.S. ETF ( NYSEARCA:PXF ) has delivered one of the most impressive runs in international equity markets over the past year.

A smart beta exchange traded fund, the Invesco RAFI Developed Markets ex-U.S. ETF (PXF) debuted on 06/25/2007, and offers broad exposure to the Foreign Large Value ETF category of the market.

International ETFs like VEA, EZU & EEM outshone U.S. peers in 2025 as cheaper valuations, diversified exposure, and stimulus measures drove substantial gains.

Invesco RAFI Developed Markets ex-U.S. ETF offers diversified exposure to over 1,000 ex-U.S. companies using a fundamental size weighting approach. PXF demonstrates value characteristics, significant Japan and financials exposure, and low company risk. PXF outperformed the international benchmark SCHF over the past year but matches its 10-year returns, with higher volatility.

The Invesco RAFI Developed Markets ex-U.S. ETF (PXF) was launched on 06/25/2007, and is a smart beta exchange traded fund designed to offer broad exposure to the Foreign Large Value ETF category of the market.

Invesco RAFI Developed Markets ex-U.S. ETF selects stocks based on factors such as book value, sales, dividends, and cash flows. This fundamental criteria result in PXF exhibiting a value style bias, with ~51.16% of all holdings classified as value. Based on current valuations, I anticipate PXF's 3.05% dividend to grow by about 7.6% in the long term, resulting in a circa 10% total return after expenses.

The Invesco RAFI Developed Markets ex-U.S. ETF (PXF) made its debut on 06/25/2007, and is a smart beta exchange traded fund that provides broad exposure to the Foreign Large Value ETF category of the market.