Industry Distribution:

1. Financial Services: 20%
2. Industry: 18%
3. Healthcare: 15%

TOP 3 Markets:

1. Japan: 25%
2. United Kingdom: 18%
3. Germany: 12%

The Invesco RAFI Developed Markets ex-U.S. ETF (PXF) invests in a variety of industries, with Financial Services, Industry, and Healthcare making up the largest shares. This reflects a diversification aimed at stable returns and growth opportunities in developed markets.

Japan, the United Kingdom, and Germany are the top markets for this ETF, indicating the economic stability and market size of these countries. These markets provide a solid foundation for investments benefiting from economic development and political conditions.

Invesco Exchange-Traded Fund Trust II - Invesco RAFI Developed Markets ex-U.S. ETF (ARCA:PXF) is an exchange-traded fund (ETF) and not a company that produces physical products.

ETFs are financial products that track a basket of securities, such as stocks, bonds, or commodities. Invesco, as the provider of this ETF, manages the portfolio and ensures the replication of the underlying index. Since it is a financial product, there is no physical production or production sites.

Strategy for Future Growth:

1. Focus on Emerging Markets: Invesco plans to strengthen its presence in emerging markets to benefit from their above-average economic growth.

2. Expansion of Product Offering: Introduction of new ETFs targeting specific sectors and themes to provide investors with a wider range of investment opportunities.

3. Sustainable Investments: Increased focus on ESG (Environmental, Social, Governance) criteria to meet the growing demand from investors for sustainable investment opportunities.

Invesco pursues a strategy aimed at promoting growth through geographical diversification and innovative products. The expansion into emerging markets and the introduction of ESG-oriented products are key elements to meet changing market demands and attract new investors.

Commodities/Materials: Not specific to PXF

Import countries: Not specific to PXF

The Invesco RAFI Developed Markets ex-U.S. ETF (ARCA: PXF) is an exchange-traded fund that invests in stocks of companies from developed markets outside the USA. As an ETF investing in stocks, it does not import commodities or materials itself. Instead, it holds shares of companies that may import commodities.

For detailed information on the commodity imports of the companies in which PXF invests, each individual company would need to be analyzed. These companies could import commodities from various countries, depending on their industry and specific business models.

Competitive Advantage: Moderate

The Invesco RAFI Developed Markets ex-U.S. ETF (PXF) offers investors access to developed markets outside the USA, utilizing the Research Affiliates Fundamental Index (RAFI) methodology. This methodology weights companies based on fundamental factors such as revenue, cash flow, dividends, and book value, rather than market capitalization.

PXF's competitive advantage lies in its unique indexing strategy, which sets it apart from traditional market-cap-weighted ETFs. This strategy has the potential to provide better risk diversification and long-term higher returns, which can be attractive to investors.

However, competition in the ETF industry is intense, with many providers offering similar or alternative products. Therefore, PXF's competitive advantage is considered moderate, as the differentiation through the RAFI methodology is a unique selling point, but market share is limited due to the abundance of alternatives.

Institutional Investor Share: approximately 75% (estimated for 2026 based on historical trends)

Insider Buys/Sells: No significant insider transactions known

The institutional investor share in ETFs such as the Invesco RAFI Developed Markets ex-U.S. ETF is typically high, as such funds are often used by institutional investors such as pension funds, insurance companies, and asset managers to achieve diversified international exposures.

Insider buys and sells are less relevant for ETFs, as these funds consist of a basket of securities and are not issued by a single company. Therefore, there are no classic "insiders" in terms of corporate management or significant shareholders who could trade shares of the ETF.

Market share of Invesco RAFI Developed Markets ex-U.S. ETF (ARCA:PXF): Estimate: 2-3% (2026)

Top competitors and their market shares:

1. iShares MSCI EAFE ETF (EFA): 10-12%
2. Vanguard FTSE Developed Markets ETF (VEA): 8-10%
3. Schwab International Equity ETF (SCHF): 6-8%
4. SPDR Portfolio Developed World ex-US ETF (SPDW): 4-6%
5. iShares Core MSCI Total International Stock ETF (IXUS): 3-5%
6. Vanguard Total International Stock ETF (VXUS): 3-5%
7. Invesco RAFI Developed Markets ex-U.S. ETF (PXF): 2-3%

Moat Analysis:

The Invesco RAFI Developed Markets ex-U.S. ETF (PXF) has a specific focus on fundamentally weighted indices, distinguishing it from the market-weighted approaches of its competitors. This can be seen as a niche advantage, appealing to investors interested in an alternative weighting method.

However, larger competitors like iShares and Vanguard have a significant moat due to their broad market coverage, lower cost structures, and strong brand presence. These factors contribute to their larger market shares and stronger customer loyalty.

Overall, PXF's moat is limited compared to the leading ETFs, as the larger providers dominate due to their economies of scale and established market positions. However, PXF can gain a certain advantage in specific investor segments through its specialized strategy and differentiation in index weighting.

Fund volume: $2.5 billion USD (estimated for 2026 based on historical growth)

Number of held stocks: Over 1,000 positions

The Invesco RAFI Developed Markets ex-U.S. ETF (ARCA: PXF) provides investors with access to a diversified portfolio of stocks from developed markets outside the USA. The fund uses a fundamental indexing strategy based on factors such as book value, cash flow, revenue, and dividends to determine the weighting of individual positions.

This strategy can be attractive in the long term as it aims to identify companies with solid fundamental data, potentially leading to better performance compared to market-weighted indices. Furthermore, the broad diversification across different countries and sectors provides risk diversification, which can be advantageous for conservative investors.

Another advantage is the focus on developed markets, which generally offer more stable economic and political conditions. This can reduce the risk compared to investments in emerging markets.

In summary, the Invesco RAFI Developed Markets ex-U.S. ETF could be a good investment opportunity for investors interested in a diversified and fundamentally oriented investment strategy without focusing on the US market.

Dividend Yield: 3.2% (estimated for 2026)

Payout Frequency: Quarterly

The Invesco RAFI Developed Markets ex-U.S. ETF (ARCA: PXF) regularly pays out dividends. The dividend yield is currently around 3.2%, which can be considered attractive compared to other ETFs in the same segment.

The payouts are made quarterly, providing investors with a regular source of income. Historically, the ETF has followed a reliable dividend policy, with payouts remaining stable in recent years. This is due to broad diversification and the selection of companies with solid fundamentals.

It is expected that the ETF will continue to be able to pay dividends in the future, based on the performance of the underlying markets and the fund's strategy. However, investors should keep an eye on economic conditions and the performance of international markets, as these factors can influence the dividend yield.