ETF Evaluator:
Invesco Intl Dev Dynmc Mltfctr ETF ()
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(as of Aug 26)
Best Performing in Foreign Large Blend Over the Last Year
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ETF Details
Invesco Intl Dev Dynmc Mltfctr ETF Overview
Invesco Intl Dev Dynmc Mltfctr ETF (IMFL) is a passively managed International Equity Foreign Large Blend exchange-traded fund (ETF). Invesco launched the ETF in 2021.
The investment seeks to track the investment results (before fees and expenses) of the FTSE Developed ex U.S. Invesco Dynamic Multifactor Index.
The fund generally will invest at least 80% of its total assets in the securities that comprise the index. The index is designed to utilize factor configurations that, in the view of the index provider, have historically outperformed other factors in certain stages of the economic cycle.
About Invesco Intl Dev Dynmc Mltfctr ETF (IMFL)
There are 4 members of the management team with an average tenure of 4.09 years: Peter Hubbard (2021), Michael Jeanette (2021), Pratik Doshi (2021) and Faiz Syed (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI EAFE NR USD index with a weighting of 100% and FTSE Dev exUS Inv Dyn Multifactor NR USD index with a weighting of 100%. Invesco Intl Dev Dynmc Mltfctr ETF has 882 securities in its portfolio. The top 10 holdings constitute 25.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco Intl Dev Dynmc Mltfctr ETF is part of the Equity global asset class and is within the International Equity ETF group. Invesco Intl Dev Dynmc Mltfctr ETF has 97.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.7% There is 97.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco Intl Dev Dynmc Mltfctr ETF has -0.1% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $9 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IMFL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco Intl Dev Dynmc Mltfctr ETF expense ratio is below average compared to funds in the Foreign Large Blend category. Invesco Intl Dev Dynmc Mltfctr ETF has an expense ratio of 0.34%, which is 14% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco Intl Dev Dynmc Mltfctr ETF has a portfolio turnover rate of 65%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 38% for the Foreign Large Blend category.
Recently, in the month of July 2026, Invesco Intl Dev Dynmc Mltfctr ETF returned -0.7%, which earned it a grade of D, as the Foreign Large Blend category had an average return of 1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco Intl Dev Dynmc Mltfctr ETF has a trailing yield of 2.91%, which is above the 2.56% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco Intl Dev Dynmc Mltfctr ETF Grades
Year to date, the ETF has returned 16.4%, 4.3 percentage points better than the category, which translates into a grade of A. The fund has returned 31.2% over the past year (grade of A), 15.2% over the past three years (grade of D) and 9.0% per year over the past five years (grade of C).
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IMFL Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IMFL Return (NAV) | -0.7% | 3.8% | 31.2% | 15.2% | 9.0% | na |
| IMFL Return (Price) | -0.4% | 3.4% | 30.9% | 15.0% | 9.0% | na |
| NAV +/- Price Return | -0.292% | 0.385% | 0.241% | 0.162% | -0.003% | na |
| Foreign Large Blend Avg | 1.1% | 4.4% | 25.0% | 16.4% | 9.2% | 9.3% |
| IMFL Grade (NAV) | D | D | A | D | C | na |
| +/- Category (NAV) | -1.8% | -0.5% | 6.1% | -1.2% | -0.2% | na |
| IMFL Tax-Cost Ratio | na | na | 1.3% | 1.3% | 1.3% | na |
IMFL Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IMFL Return (NAV) | 16.4% | 30.8% | -3.7% | 25.0% | -16.7% | na | na | na | na | na | na |
| IMFL Return (Price) | 16.6% | 30.9% | -3.6% | 25.5% | -17.3% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.012% | 0.003% | -0.031% | 0.022% | 0.037% | na | na | na | na | na | na |
| Foreign Large Blend Avg | 12.1% | 31.2% | 5.2% | 16.9% | -14.7% | 10.3% | 8.8% | 22.0% | -13.2% | 24.6% | 1.9% |
| IMFL Grade (NAV) | A | C | F | A | D | na | na | na | na | na | na |
| +/- Category | 4.3% | -0.4% | -8.9% | 8.1% | -2.0% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.94 |
| R-Squared: | 83% |
| Standard Deviation: | 14.3% |
| Category Risk Index: | 1.09 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.16 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 2.9% |
| Total Assets: | $ 1,031 Mil |
| Share Class Assets: | $ 1,031 Mil |
| Turnover: | 65.0% |
| Expense Ratio: | 0.34% |
| Index Fund: | Yes |
| Index Tracked: | MSCI EAFE NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 5.4 years | |||
| Average Tenure: 4.1 years | |||
| Managers (Year): Hubbard Peter (2021), Jeanette Michael (2021), Doshi Pratik (2021), Syed Faiz (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 882 |
| % in Top 10 Holdings: | 25.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 97.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.7% |
| Foreign Stock: | 97.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.5% |
| Cash: | -0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invesco.com |
| Inception Date: | February 24, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.34% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.40% |
