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
395.9 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
Fund sponsor | Invesco |
Category | International |
Asset class | Equity |
Website | link... |
Inception date | Sep 27, 2007 |
Assets (mns) | $396 |
Expense ratio | 49 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Fundamental |
Weighting | Fundamental |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
HYOSUNG HEAVY INDUSTRIES CORP | 6.4 % |
FILTRONA PLC | 3.5 % |
CANADIAN WESTERN BANK | 0.3 % |
ASICS CORP | 0.3 % |
IAMGOLD CORP | 0.3 % |
AAC TECHNOLOGIES HOLDINGS INC. | 0.3 % |
DOOSAN CORP | 0.3 % |
PAN AMERICAN SILVER CORP | 0.2 % |
SAMSUNG TECHWIN CO LTD | 0.2 % |
JAPAN STEEL WORKS LTD | 0.2 % |
Constituent Breakdown
Number of holdings | 1360 |
Herfindahl-Hirschman Index | 62 |
Wgt avg mkt cap (mns) | $6,114 |
Large cap (>$10bn) | 9.5% |
Mid cap ($2-10bn) | 47.5% |
Small cap (<$2bn) | 42.9% |
Developed mkts. | 90.6% |
Emerging mkts. | 9.4% |
Country Exposure
JAPAN | 32.1 % | |
BRITAIN | 10.3 % | |
CANADA | 9.5 % | |
SOUTH KOREA | 7.7 % | |
AUSTRALIA | 6.0 % | |
SWEDEN | 3.7 % | |
SWITZERLAND | 3.2 % | |
FRANCE | 2.7 % | |
ITALY | 2.6 % | |
GERMANY | 2.4 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 4.0% | 10.9% | 8.5% | 0.7% | 4.2% | 4.9% | 3.9% | Volatility | 13.7% | 14.0% | 14.8% | 16.9% | 19.6% | 17.0% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.85 | 69% |
MSCI EAFE | 1.01 | 95% |
MSCI Emg Mkts | 0.86 | 68% |
Liquidity Measures
Avg. volume (000) | 18 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.18% |
ADV of underlying (mns) | $10,896 |
Technical Indicators
Recent close | $32.84 |
30d moving avg. | $34.13 |
Annualized volatility | 18.0% |
Relative strength (RSI) | 43 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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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 | 56.7% | -10 bp | +0.1% |
SCZ | iShares MSCI EAFE Small-Cap ETF | 44.8% | -9 bp | -0.4% |
DFIS | Dimensional International Small Cap ETF | 40.2% | -10 bp | -0.1% |
SCHC | Schwab International Small-Cap Equity ETF | 39.5% | -38 bp | -0.4% |
GWX | SPDR S&P International Small Cap ETF | 32.3% | -9 bp | -0.5% |
VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | 31.1% | -42 bp | -0.4% |
SCJ | iShares MSCI Japan Small-Cap ETF | 28.6% | +1 bp | +0.1% |
DISV | Dimensional International Small Cap Value ETF | 27.1% | -7 bp | +2.2% |
DLS | WisdomTree International SmallCap Dividend Fund | 26.7% | +9 bp | +1.7% |
IEUS | iShares MSCI Europe Small-Cap ETF | 26.6% | -7 bp | -0.8% |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
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 12/12/2024
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
PDN
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
PDN
6.8%
Cat. Avg
7.2%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.6%. PDN's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places PDN in the 44th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PDNSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Passive International Equity ETFs |
# of ETFs | 77 |
Avg. Expense Ratio | 38.8 bp |
Std. Deviation | 21.2 bp |
PDN (49 bp) Percentile rank | 69 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
PDN | 49.0 | 18.2 | 67.2 |
Peer Avg. | 26.6 | 13.3 | 39.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .