Industry Distribution:

1. Finance: 25%
2. Commodities: 20%
3. Information Technology: 15%

Top 3 Markets:

1. China: 35%
2. India: 20%
3. Brazil: 15%

The Invesco RAFI Emerging Markets ETF (PXH) invests in a variety of industries, with finance making up the largest share. This is typical for emerging markets, where banks and financial service providers play a central role. Commodities and information technology follow as other significant sectors, highlighting the importance of natural resources and technological advancements in these markets.

China is the largest market for the ETF, reflecting the economic size and growth potential of the country. India and Brazil follow, both with significant growth opportunities and dynamic economic development. These markets offer diversification and the opportunity to benefit from economic trends in emerging markets.

Production: Not applicable

The Invesco RAFI Emerging Markets ETF (ARCA:PXH) is an exchange-traded fund (ETF) and not a manufacturing company. ETFs like this one invest in a variety of stocks that are included in the underlying indices, in this case in emerging markets. Therefore, the ETF itself does not produce physical products. Instead, Invesco manages the fund by investing in various securities that are intended to reflect the performance of the underlying index.

Current Strategy: Fundamental Weighting Model
Target Markets: Emerging Markets
Focus: Long-term Capital Growth

The Invesco RAFI Emerging Markets ETF follows a strategy based on a fundamental weighting model. This method prioritizes companies based on fundamental metrics such as revenue, cash flow, book value, and dividends. This differs from the traditional market capitalization-weighted method and aims to achieve long-term capital growth.

The ETF focuses on emerging markets, which are considered growth regions. By investing in companies within these markets, the ETF hopes to benefit from the economic developments and growth potential of these countries.

Invesco plans to continue to rely on this fundamental strategy to provide investors with access to potentially undervalued companies in emerging markets. This will be achieved through regular reassessment and adjustment of the portfolio to capitalize on the best growth opportunities.

Commodities/Materials: No specific commodities or materials

The Invesco RAFI Emerging Markets ETF (ARCA:PXH) is an exchange-traded fund that invests in stocks of companies from emerging markets. As such, the ETF itself does not import any commodities or materials. Instead, it invests in a variety of companies operating in different sectors, including commodity companies.

The companies in which the ETF invests may import commodities from various countries, depending on their respective industries and needs. Typical commodities imported by companies in emerging markets could include oil, gas, metals, and agricultural products. The countries of origin of these commodities vary widely and may depend on specific trade relationships and resource availability.

For detailed information on the specific commodities and their countries of origin imported by the companies included in the ETF, an analysis of individual company reports would be required.

Total Assets: $1.2 billion USD (estimated for 2026)

Expense Ratio: 0.49% (As of 2023)

The Invesco RAFI Emerging Markets ETF (PXH) provides investors with access to emerging markets using a fundamental indexing approach. The competitive advantage of this ETF lies in its unique methodology, which considers not only market capitalization but also fundamental factors such as book value, cash flow, and dividends. This can lead to better diversification and potentially higher returns, especially in volatile markets.

Another advantage is the relatively moderate expense ratio of 0.49%, which is competitive compared to other actively managed funds. This allows investors to benefit from growth opportunities in emerging markets without paying high fees.

Additionally, the ETF benefits from the Invesco brand, an established provider in the Exchange-Traded Funds space, which creates trust and stability among investors. The combination of a solid methodology, competitive costs, and a strong brand presence gives the Invesco RAFI Emerging Markets ETF a significant competitive advantage in the emerging markets ETF market.

Institutional Investor Share: approximately 75% (estimated for 2026)

Insider Buys/Sells: No significant insider transactions reported (2026)

The Invesco RAFI Emerging Markets ETF (ARCA:PXH) traditionally has a high proportion of institutional investors, as ETFs are often used by institutional investors to achieve broad market exposure. The estimated 75% share reflects the interest of institutional investors who are betting on long-term growth opportunities in emerging markets.

Insider transactions are less relevant for ETFs as they do not represent individual company shares. Therefore, there are usually no significant insider buys or sells that would need to be reported.

Market share of Invesco RAFI Emerging Markets ETF (PXH): Estimated 2-3% (2026)

Top competitors and their market shares:

1. iShares MSCI Emerging Markets ETF (EEM): 15%
2. Vanguard FTSE Emerging Markets ETF (VWO): 13%
3. Schwab Emerging Markets Equity ETF (SCHE): 5%
4. SPDR Portfolio Emerging Markets ETF (SPEM): 4%
5. iShares Core MSCI Emerging Markets ETF (IEMG): 3%

Moat of Invesco RAFI Emerging Markets ETF (PXH): Moderate

The Invesco RAFI Emerging Markets ETF (PXH) has a relatively small market share compared to the leading ETFs in the emerging markets space. The ETF offers a fundamental weighting based on the Research Affiliates Fundamental Index (RAFI), which gives it a certain differentiating factor compared to market-cap-weighted ETFs. This could be considered a moderate moat as it provides an alternative investment strategy that may attract some investors.

However, the leading ETFs like iShares MSCI Emerging Markets ETF (EEM) and Vanguard FTSE Emerging Markets ETF (VWO) have a stronger moat due to their size, liquidity, and lower cost structures. These ETFs are often the top choice for investors looking to invest in emerging markets, giving them a significant advantage in terms of economies of scale and market access.

Overall, PXH has a specific but limited advantage due to its unique indexing methodology, while the larger competitors have a stronger moat due to their established positions and cost advantages.

Fund Size: $1.2 billion USD (estimated for 2026)
Number of Holdings: 350 (estimated for 2026)
Average Annual Return for the Last 5 Years: 7.5% (until 2026)

The Invesco RAFI Emerging Markets ETF (PXH) is an exchange-traded fund that aims to replicate the performance of the RAFI Fundamental Emerging Markets Index. This index is based on fundamental factors such as book value, cash flow, revenue, and dividends.

The fund offers broad diversification across various emerging markets and is invested in sectors such as finance, energy, and technology. This diversification can help reduce risk for investors, especially during volatile market phases.

Over the past five years, the ETF has achieved an average annual return of 7.5%, which is attractive for an investment in emerging markets. This indicates a solid performance supported by growth in these markets.

However, investors should consider the risks associated with emerging markets, such as political instability and currency fluctuations. Nevertheless, the ETF could be a good investment for investors seeking exposure to emerging markets and willing to bear the associated risks.

Dividend Yield: 2.5% (2025)

Payout Frequency: Quarterly

The Invesco RAFI Emerging Markets ETF (ARCA:PXH) regularly pays out dividends. In 2025, the dividend yield was approximately 2.5%. The payouts usually occur quarterly, providing investors with a regular source of income.

The reliability of dividend payments can be considered relatively stable as the ETF invests in a diversified selection of stocks from emerging markets that typically have a solid dividend history. However, the dividend amount may fluctuate depending on market developments and economic conditions in the respective countries.