Invesco FTSE RAFI Developed Markets ex-U.S. ETF(AMEX:PXF)

PXF applies a fundamentals-driven selection process to an index that provides exposure to developed countries excluding the US. Factors like cash flow, dividends, revenue and book value are used to screen for the funds portfolio. While some alternative-weighting methods yield funds that tilt small, PXF's approach ends up favoring larger firms and skimping on small-caps. The fund's portfolio is fairly broadit avoids big sector bets, making PXF a modest departure from cap-weighting despite its approach. The fund complements sister fund PDNtogether they cover the total market segment of the developed ex-US equity market. The index is rebalanced and reconstituted annually.