# Invesco RAFI Developed Markets ex-U.S. ETF (PXF): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pxf for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Equity - Strategy: Passive Index · Inception: 2007-06-25 The Invesco RAFI Developed Markets ex-U.S. ETF (PXF) aims to replicate the performance of the RAFI Fundamental Select Developed ex US 1000 Index. This Fund typically allocates at least 90% of its total assets to the securities comprising this Index, which may include American and global depositary receipts representing these underlying holdings. The Index itself is designed to capture the performance of the biggest companies in developed markets, excluding the United States, by selecting them based on four fundamental financial metrics: book value, cash flow, sales figures, and dividends pa... ## Key Facts | Metric | Value | |---|---| | Price | $76.44 | | Expense Ratio | 0.43% | | Assets Under Management | $3.00B | | NAV | $76.08 | | Holdings Count | 1019 | | Distribution Yield (TTM) | 3.26% | | Annual Distribution (TTM) | $2.49 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $60.93 – $80.65 | | Beta | 0.92 | ## Latest Distribution - Amount: $0.5486 /share - Ex-date: 2026-09-21 - Pay date: 2026-09-25 ## Frequently Asked Questions ### What does PXF invest in? The Invesco RAFI Developed Markets ex-U.S. ETF (PXF) aims to replicate the performance of the RAFI Fundamental Select Developed ex US 1000 Index. This Fund typically allocates at least 90% of its total assets to the securities comprising this Index, which may include American and global depositary receipts representing these underlying holdings. The Index itself is designed to capture the performance of the biggest companies in developed markets, excluding the United States, by selecting them based on four fundamental financial metrics: book value, cash flow, sales figures, and dividends paid. Companies demonstrating superior fundamental strength are weighted proportionally to their fundamental scores. The Index's performance is calculated using net returns, factoring in taxes applicable to non-resident investors. Both the Fund and its underlying Index undergo an annual rebalancing and reconstitution. Important changes are scheduled for March 21, 2025. At this time, the Fund's current benchmark, the FTSE RAFI Developed ex U.S. 1000 Index, will be replaced by the RAFI Fundamental Select Developed ex-US 1000 Index. Concurrently, the Fund's name will simplify to "Invesco RAFI Markets ex-U.S. ETF," and its management fee will decrease to 0.43%. As of August 31, 2025, Morningstar Inc. awarded the Fund an impressive overall rating of 4 stars, placing it among 338 peer funds. Its performance over different timeframes was rated as 3 stars for the 3-year period (out of 338 funds), 4 stars for the 5-year period (out of 319 funds), and 4 stars for the 10-year period (out of 240 funds). Morningstar's ratings reflect a risk-adjusted return methodology, prioritizing consistent performance and penalizing greater downside volatility. These ratings consider both open-end mutual funds and ETFs as a single comparison group and are based on a minimum three-year performance history. The overall star rating is a weighted average of these three-, five-, and ten-year ratings, before sales charges but after all other fees and expenses. It's important to note that the top 10% of funds receive five stars, the next 22.5% four stars, the subsequent 35% three stars, the following 22.5% two stars, and the bottom 10% one star. These ratings can fluctuate monthly. Had fee waivers or expense reimbursements not been in effect, the Morningstar rating might have been lower. Performance results do not guarantee future returns, and ratings for other share classes might differ. ### What is the expense ratio of PXF? Invesco RAFI Developed Markets ex-U.S. ETF (PXF) charges an expense ratio of 0.43%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PXF? Invesco RAFI Developed Markets ex-U.S. ETF (PXF) manages $3.00B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PXF actively managed or an index fund? PXF is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (PXF's is 0.43%) because there's no security selection cost. ### When was PXF launched? Invesco RAFI Developed Markets ex-U.S. ETF (PXF) launched in June 2007 and is managed by Invesco. ### How has PXF performed? PXF's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does PXF pay a dividend? Invesco RAFI Developed Markets ex-U.S. ETF (PXF) currently distributes little or no income. Trailing-twelve-month yield is 3.26%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PXF pay dividends? Invesco RAFI Developed Markets ex-U.S. ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PXF's dividend yield? PXF's trailing-twelve-month yield is 3.26%, calculated from the sum of dividends over the past year divided by the current price. ### When is PXF's next ex-dividend date? The most recently announced ex-dividend date for PXF was 2026-09-21. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will PXF's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.43% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PXF charge its expense ratio? The expense ratio is deducted in tiny daily slices from PXF's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PXF cost more than a fund like VOO? PXF is a passive index fund (current expense ratio 0.43%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to PXF? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PXF (0.43%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pxf - Distribution history: https://www.dividenddata.com/funds/pxf/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pxf/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pxf/expenses - Peer comparison: https://www.dividenddata.com/funds/pxf/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.