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Columbia Research Enhanced International Equity (REFA)
Look-through valuation · Global · ISIN US19761L8211
Price history (since 2025)
Monthly close since 2025. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| ASML Holding N.V. ASML | 3.5 % | −57.5 % | 82 |
| BHP Group Ltd BHP | 3.3 % | n/a | n/a |
| Novartis AG NOVN | 2.9 % | −12.5 % | 85 |
| Hitachi Ltd 6501 | 2.6 % | n/a | n/a |
| Recruit Holdings Co Ltd 6098 | 2.4 % | n/a | n/a |
| HSBC Holdings PLC HSBA | 2.4 % | −16.5 % | 58 |
| Safran SA SAF | 1.8 % | −39.0 % | 65 |
| Advantest Corp. 6857 | 1.8 % | n/a | n/a |
| Tokyo Electron Limited 8035 | 1.8 % | n/a | n/a |
| Shell plc SHEL | 1.7 % | −0.9 % | 62 |
| Siemens Energy AG ENR | 1.6 % | −73.2 % | 59 |
| BNP Paribas SA BNP | 1.6 % | +38.9 % | 61 |
| Fast Retailing Co. Ltd. 9983 | 1.5 % | n/a | n/a |
| Deutsche Telekom AG DTE | 1.4 % | −14.9 % | 56 |
| Banco Santander S.A. SAN | 1.3 % | −17.9 % | 64 |
| Mitsubishi Electric Corp 6503 | 1.2 % | n/a | n/a |
| AXA SA CS | 1.1 % | −9.7 % | 64 |
| Enel SpA ENEL | 1.1 % | −3.8 % | 46 |
| Rolls-Royce Holdings PLC RR | 1.1 % | −40.8 % | 75 |
| Banco Bilbao Vizcaya Argentaria SA BBVA | 1.0 % | n/a | n/a |
| AstraZeneca PLC AZN | 1.0 % | n/a | n/a |
| Deutsche Bank Aktiengesellschaft DBK | 1.0 % | n/a | n/a |
| KDDI Corp. 9433 | 0.9 % | n/a | n/a |
| British American Tobacco PLC BATS | 0.9 % | n/a | n/a |
| Vinci S.A. DG | 0.9 % | +64.0 % | 55 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 45 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +65.2 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF +56.4 % below FV
- 3 FXI iShares China Large-Cap ETF +52.9 % below FV
- 4 KWEB KraneShares CSI China Internet ETF +44.4 % below FV
- 5 FLCH Franklin FTSE China ETF +38.3 % below FV
- 6 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +29.9 % below FV
- 7 MCHI iShares MSCI China ETF +28.1 % below FV
- 8 ITB iShares U.S. Home Construction ETF +18.6 % below FV
- 9 TAN Invesco Solar ETF +17.9 % below FV
- 10 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +8.4 % below FV
Frequently asked about REFA
Is REFA overvalued?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of REFA?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Columbia Research Enhanced International Equity ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Sep 4, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.