Key stats
About INVESCO FTSE RAFI US IDX CAD HDG UNITS
Expense ratio
0.45%
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Inception date
Jan 10, 2012
ISIN
CA46140T1003
The fund is composed of US-listed large-cap stocks selected, weighted and ranked by fundamental value. The index calculates this fundamental value at the company level, rather than at stock level, using four metrics: book value, cash flow, sales and dividends. While not a classic value fund, PXU breaks the link between the price of a stock and its weight in the portfolio, aiming to hold stocks in proportion to firm size, without overweighting the priciest stocks or underweighting the undervalued stocks. With about 1,000 holdings and an alternative weighting, the fund dips into midcap territory. The index is rebalanced and reconstituted on an annual basis.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region