Invesco RAFI Developed Markets ex-U.S. ETF (PXF) is a fundamentally weighted ETF. As of October 9, 2026, ETF Copilot scores PXF 5.2 out of 10 — highest on Return (7.5), lowest on Quality (2.6). It trades at 14.1 times earnings, against its own median of 12.7. Its ten largest holdings are 14% of the fund.
What stands out in PXF's data
Developed ex-U.S. companies, weighted by fundamental factors rather than market cap.
Delivered a stronger return over the past three years than the typical peer — a rare stretch of outperformance for a fundamental-weight strategy.
A 25% annualized three-year return sits above the 20% category median. It holds 1,014 names for broad diversification, though return on capital of 12.2% runs below average.
A fundamental-weight tilt on developed ex-U.S. markets, built for broad global income exposure.
How is PXF rated? ETF Copilot scores Invesco RAFI Developed Markets ex-U.S. ETF (PXF) 5.2 out of 10
As of October 9, 2026, ETF Copilot scores Invesco RAFI Developed Markets ex-U.S. ETF (PXF) 5.2 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.2 / 10
- Growth: 5.1 / 10
- Value: 3.5 / 10
- Risk: 6.5 / 10
- Quality: 2.6 / 10
- Return: 7.5 / 10
Is PXF expensive right now? It trades at 14.1 times earnings, against its own median of 12.7
As of October 9, 2026, PXF is more expensive than 69% of its own last 9 years.
Trailing 12 months, built from PXF's holdings. How we calculate this →
What's inside PXF? 11% Tech
What's inside PXF: Size (Large 69%, Mid 26%, Small 5%); Geography (International 100%, US 0%); Tech 11.3%; AI 0.4%; Semiconductors 2.2%; Memory 5.2%.
What are PXF's top holdings? The ten largest are 14% of the fund
Samsung Electronics, Shell, Totalenergies SE, HSBC, Roche, Toyota Motor, BP, BHP, Glencore and Nestle are PXF's largest holdings, in that order.
Less concentrated than 70% of Fundamental ETFs.
Half of PXF's weight sits in its 107 largest positions, and once those weights are taken into account it behaves like 214 equally weighted holdings.
What is PXF's expense ratio? 0.43% a year
As of October 9, 2026, PXF charges 0.43% a year, yields 3.30% and holds $2.9B in assets across 1014 positions.
| Measure | PXF |
|---|---|
| Expense ratio | 0.43% |
| Dividend yield | 3.30% |
| Assets under management | $2.9B |
| Holdings | 1014 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Invesco RAFI Developed Markets ex-U.S. ETF (PXF) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/pxf
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