PDN
Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio seeks investment results that correspond to the price and yield of the FTSE RAFI Developed Markets ex-U.S. Small-Mid Index
International
EQUITY
Passive
MANAGEMENT STYLE
$ 403.6 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Inception date | Sep 27, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FILTRONA PLC | 0.6 % |
| SAMSUNG TECHWIN CO LTD | 0.3 % |
| DOOSAN CORP | 0.3 % |
| DAINIPPON SUMITOMO PHARMA CO | 0.3 % |
| IAMGOLD CORP | 0.3 % |
| SSR MINING INC | 0.2 % |
| ELDORADO GOLD CORP | 0.2 % |
| ELBIT SYSTEMS LTD | 0.2 % |
| KOREA INVESTMENT HOLDINGS CO | 0.2 % |
| FRESNILLO PLC | 0.2 % |
Constituent Breakdown
| Number of holdings | 1671 |
| Herfindahl-Hirschman Index | 9 |
| Wgt avg mkt cap (mns) | $4,640 |
| Large cap (>$10bn) | 10.2% |
| Mid cap ($2-10bn) | 49.4% |
| Small cap (<$2bn) | 31.7% |
| Developed mkts. | 84.0% |
| Emerging mkts. | 8.6% |
Sector Breakdown
Country Exposure
 |
JAPAN | 29.3 % |
 |
CANADA | 8.5 % |
 |
BRITAIN | 7.4 % |
 |
SOUTH KOREA | 7.3 % |
 |
AUSTRALIA | 5.8 % |
 |
GERMANY | 3.2 % |
 |
FRANCE | 3.2 % |
 |
SWITZERLAND | 3.0 % |
 |
SWEDEN | 3.0 % |
 |
HONG KONG | 2.6 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.8% | 29.6% | 14.8% | 11.8% | 3.5% | 5.2% | -- | 2.9% |
| Dividend Yield | 0.7% | 4.6% | 4.1% | 3.8% | 3.3% | 2.9% | -- | 2.6% |
| Total Returns | 3.5% | 34.2% | 18.9% | 15.7% | 6.7% | 8.1% | -- | 5.5% | Ann. Volatility | 19.1% | 16.8% | 15.4% | 14.7% | 16.2% | 17.0% | -- | 21.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 58% |
| MSCI EAFE | 0.91 | 92% |
| MSCI Emg Mkts | 0.71 | 73% |
Liquidity Measures
| Avg. volume (000) | 29 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.18% |
Technical Indicators
| 30d moving avg. (EMA) | $44.13 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 0.16/-0.23 |
| Bollinger Bands (Upper/Lower) | $45.63/$41.35 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PDN |
Expenses vs. PDN |
ALTAR Score™ vs. PDN |
|---|---|---|---|---|
| FNDC | Schwab Fundamental International Small Co. Index ETF | 62.8% | -10 bp | +0.7% |
| SCZ | iShares MSCI EAFE Small-Cap ETF | 42.7% | -9 bp | +0.2% |
| AVDS | Avantis International Small Cap Equity ETF | 39.0% | -19 bp | +0.1% |
| DFIS | Dimensional International Small Cap ETF | 35.7% | -10 bp | +0.3% |
| SCHC | Schwab International Small-Cap Equity ETF | 34.4% | -38 bp | +0.6% |
| VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | 31.3% | -41 bp | +0.4% |
| SCJ | iShares MSCI Japan Small-Cap ETF | 26.3% | +1 bp | -0.3% |
| AVDV | Avantis International Small Cap Value ETF | 25.4% | -13 bp | +1.6% |
| GWX | SPDR S&P International Small Cap ETF | 24.6% | -9 bp | -0.2% |
| IEUS | iShares MSCI Europe Small-Cap ETF | 22.8% | -7 bp | +0.9% |
Risk and Returns: PDN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/14/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
6.3%
ALTAR SCORE™
52nd
PERCENTILE
NEUTRAL
ETFRC RATING
There are 345 funds in the International Equity category with an average
ALTAR Score™ of 6.2% and a standard deviation
of 1.5%. PDN's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places PDN in the 52nd percentile
among funds in the category.
Sell-Side Consensus
$51.75
PRICE TARGET
+13.1%
UPSIDE