Q2 2024
As of June 30, 2024

Invesco FTSE RAFI Developed Markets ex-U.S. ETF
PXF
Fund description
The Invesco FTSE RAFI Developed Markets ex-U.S. ETF(Fund) is based on the FTSE RAFI Developed ex U.S. 1000
Index (Index). The Fund will normally invest at least 90% of
its total assets in securities that comprise the Index andAmerican Depository Receipts (ADRs) based on thesecurities in the Index. The Index is designed to track theperformance of the largest developed market equities(excluding the US), selected based on the following four
fundamental measures of firm size: book value, cash flow,sales and dividends. The equities with the highest
fundamental strength are weighted according to theirfundamental scores. The Index is computed using the net
return, which withholds applicable taxes for non-resident
investors. The Fund and the Index are reconstituted
annually.

ETF information
Fund name

Invesco FTSE RAFI Developed
Markets ex-U.S. ETF
Fund ticker
PXF
CUSIP
46138E743
Intraday NAV
PXFIV
30 day SEC unsubsidized yield
2.88%
30 Day SEC yield
2.89%
Holdings1028
Management fee
0.45%
Total expense ratio
0.45%
P/B Ratio
2.11
P/E Ratio
14.62
Return on equity
11.85%
Listing exchange
NYSE Arca
Weighted market cap ($MM)
55,298.82
Underlying index dataIndex provider
FTSE International LimitedIndex
FTSE RAFI Developed Markets ex US 1000
nameIndex
Bloomberg index ticker
TFRX1NU

Growth of $10,000

 Invesco FTSE RAFI Developed Markets ex-U.S. ETF: $14,961
 FTSE RAFI Developed Markets ex US 1000 Index: $15,235
 MSCI EAFE Index (USD): $15,285
$20K

$15K

$10K

$5K
06/14

12/15

05/17

10/18

03/20

08/21

01/2306/24

Data beginning 10 years prior to the ending date of June 30, 2024. Fund performance shown at NAV.
Performance as at June 30, 2024
Performance (%)
ETF - NAV
ETF - Market Price
Underlying index
Benchmark1
Calendar year performance (%)
ETF - NAV
Underlying index
Benchmark1

YTD
4.64
5.02
4.77
5.34

2023
18.90
19.04
18.24

2022
-9.24
-9.03
-14.45

1Y
12.70
12.55
12.98
11.54
2021
15.20
15.46
11.26

3Y
4.61
4.61
4.81
2.89
2020
3.08
3.05
7.82

2019
17.81
18.08
22.01

5Y
7.37
7.42
7.56
6.46
2018
-15.12-15.04-13.79

2017
24.78
25.05
25.03

10Y Fund inception
4.11
2.94
4.07
2.94
4.30
3.30
4.33
2.98
2016
6.51
6.65
1.00

2015
-4.83
-5.28
-0.81

2014
-6.19
-5.29
-4.90

Returns less than one year are cumulative. Performance data quoted represents past performance. Past performance is not aguarantee of future results; current performance may be higher or lower than performance quoted. Investment returns and principal
value will fluctuate and Shares, when redeemed, may be worth more or less than their original cost. See invesco.com to find themost recent month-end performance numbers. Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and donot represent the returns an investor would receive if shares were traded at other times. Fund performance reflects fee waivers,
absent which, performance data quoted would have been lower.

Fund inception: June 25, 2007
Not a Deposit Not FDIC Insured Not Guaranteed by theBank May Lose Value Not Insured by any Federal
Government Agency.
Shares are not individually redeemable and owners of theShares may acquire those Shares from the Fund and tender
those Shares for redemption to the Fund in Creation Unit
aggregations only, typically consisting of 50,000 Shares.

Index returns do not represent Fund returns. An investor cannot invest directly in an index.
Neither the underlying Index nor the benchmark indexes charge management fees or brokerage expenses, and no such fees orexpenses were deducted from the performance shown; nor do any of the indexes lend securities, and no revenues from securities
lending were added to the performance shown. In addition, the results actual investors might have achieved would have differedfrom those shown because of differences in the timing, amounts of their investments, and fees and expenses associated with aninvestment in the Fund.
1The MSCI EAFE® Index is an unmanaged index considered representative of stocks of Europe, Australasia and the Far East. The
index is computed using the net return, which withholds applicable taxes for non-resident investors.

Top ETF holdings (%)
Name
Shell
Samsung Electronics
Total
Toyota MotorBPHSBC
Nestle
BHP
Roche NES
Mitsubishi UFJ Financial(Total holdings: 1028)Weight
2.59
1.61
1.36
1.19
1.17
0.96
0.90
0.89
0.84
0.82

Investment risks
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject
to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary
brokerage commissions apply. The Fund’s return may not match the return of the Underlying Index. The Fund is subject to certain
other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.
REITs are pooled investment vehicles that trade like stocks and invest substantially all of their assets in real estate and may qualify
for special tax considerations. REITs are subject to risks inherent in the direct ownership of real estate. A company's failure toqualify as a REIT under federal tax law may have adverse consequences to the REIT's shareholders. REITs may have expenses,
including advisory and administration, and REIT shareholders will incur a proportionate share of the underlying expenses.
The performance of an investment concentrated in issuers of a certain regions or countries, such as Asia Pacific and Europe, areexpected to be closely tied to conditions within those regions and to be more volatile than more geographically diversified
investments.

Please see the website for complete holdings information.
Holdings are subject to change.

Stocks of medium-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquidor restricted as to resale.

Geographic allocation (%)

The Fund may become “non-diversified,” as defined under the Investment Company Act of 1940, as amended, solely as a result ofa change in relative market capitalization or index weighting of one or more constituents of the Index. Shareholder approval will not
be sought when the Fund crosses from diversified to non-diversified status under such circumstances.
Investments focused in a particular industry or sector are subject to greater risk, and are more greatly impacted by market volatility,
than more diversified investments.
The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability,and foreign taxation issues.
Important information
Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.
The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. andStandard & Poor's.

 Japan United Kingdom
 Canada
 Germany France Australia
 United States South Korea
 Switzerland
 Italy

22.13
11.82
9.58
8.98
8.26
6.13
4.80
4.36
4.29
3.34

Sector allocation (%)

Shares of the Fund are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE"), or by theLondon Stock Exchange Plc ("Exchange"), or by The Financial Times Limited ("FT") or by Research Affiliates LLC ("RA"), andneither FTSE nor Exchange nor FT nor RA makes any warranty or representation whatsoever, expressly or implicitly, as to theresults to be obtained from the use of the FTSE RAFI Developed Markets ex-U.S. Index ("Index") and/or the figure at which thesaid Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE inconjunction with RA; however, neither FTSE nor Exchange nor FT nor RA shall be liable (whether in negligence or otherwise) toany person for any error in the Index, and neither FTSE nor the Exchange nor FT nor RA shall be under any obligation to advise
any person of any error therein. "FTSE" is a trademark of the London Stock Exchange Plc and The Financial Times Limited and isused by FTSE International Limited under license. "Research Affiliates" and "Fundamental Index" are trademarks of Research
Affiliates.
This does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult
a financial professional before making any investment decisions.
Before investing, investors should carefully read the prospectus and consider the investment objectives, risks, charges
and expenses. For this and more complete information about the fund, investors should ask their financial professionals
for a prospectus or download one at invesco.com
Note: Not all products available through all firms or in all jurisdictions.
Glossary
30 Day SEC Unsubsidized Yield reflects the 30-day yield if the investment adviser were not waiving all or part of its fee orreimbursing the fund for part of its expenses. Total return would have also been lower in the absence of these temporary
reimbursements or waivers.
30 Day SEC Yield is based on a 30-day period and is computed by dividing the net investment income per share earned during
the period by the maximum offering price per share on the last day of the period.

 Financials
 Industrials
 Consumer
Discretionary Energy Materials
 Consumer Staples
 Health Care InformationTechnology Utilities
 Communication
Services Real Estate

Invesco Distributors, Inc.
Invesco.com 7/24
P-PXF-PC-1

25.94
13.80
9.99

Intraday NAV is a symbol representing estimated fair value based on the most recent intraday price of underlying assets.

9.85
9.66
6.95
6.53
6.24

Weighted Harmonic Average Stock Price-to-Earnings Ratio (P/E Ratio) is the share price divided by earnings per share. It ismeasured on a 12-month trailing basis.

4.63
4.21
2.21

Weighted Harmonic Average Stock Price-to-Book-Value Ratio (P/B Ratio) is the ratio of a stock's market price to a company'snet asset value.

Weighted Average Return on Equity is net income divided by net worth.
Weighted Market Capitalization is the sum of each underlying securities market value.