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
Fund Basics
| Fund sponsor | Invesco PowerShares |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 27, 2007 |
| Assets (mns) | $510 |
| 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 +
| BE SEMICONDUCTOR INDUSTRIES | 0.3 % |
| DAINIPPON SCREEN MFG CO LTD | 0.3 % |
| ZENSHO CO LTD | 0.3 % |
| KENEDIX REALTY INVESTMENT CO | 0.2 % |
| YAMAZAKI BAKING CO LTD | 0.2 % |
| TOYO TIRE & RUBBER CO LTD | 0.2 % |
| SAPPORO HOLDINGS LTD | 0.2 % |
| KEISEI ELECTRIC RAILWAY CO | 0.2 % |
| ELDORADO GOLD CORP | 0.2 % |
| STANTEC INC | 0.2 % |
Constituent Breakdown
| Number of holdings | 1404 |
| Herfindahl-Hirschman Index | 169 |
| Wgt avg mkt cap (mns) | $2,934 |
| Large cap (>$10bn) | 4.0% |
| Mid cap ($2-10bn) | 47.8% |
| Small cap (<$2bn) | 48.2% |
| Developed mkts. | 90.1% |
| Emerging mkts. | 9.9% |
Country Exposure
 |
JAPAN | 32.0 % |
 |
CANADA | 8.2 % |
 |
SOUTH KOREA | 8.2 % |
 |
BRITAIN | 7.3 % |
 |
AUSTRALIA | 5.9 % |
 |
SWEDEN | 3.7 % |
 |
GERMANY | 3.4 % |
 |
FRANCE | 3.0 % |
 |
SWITZERLAND | 3.0 % |
 |
ITALY | 2.5 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 7.2% | 6.1% | -4.1% | 0.9% | 3.6% | 3.6% | 3.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.86 | 74% |
| MSCI EAFE | 1.02 | 96% |
| MSCI Emg Mkts | 0.82 | 68% |
Liquidity Measures
| Avg. volume (000) | 64 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $5,669 |
Technical Indicators
| Recent close | $31.14 |
| 30d moving avg. | $28.86 |
| Annualized volatility | 17.7% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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 | 55.5% | -10 bp | +0.5% |
| SCZ | iShares MSCI EAFE Small-Cap ETF | 44.8% | -10 bp | +0.7% |
| DFIS | Dimensional International Small Cap ETF | 38.0% | -10 bp | +1.1% |
| SCHC | Schwab International Small-Cap Equity ETF | 35.5% | -38 bp | +0.7% |
| VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | 29.3% | -42 bp | +1.0% |
| SCJ | iShares MSCI Japan Small-Cap ETF | 27.6% | +1 bp | +0.3% |
| GWX | SPDR S&P International Small Cap ETF | 25.5% | -9 bp | +0.2% |
| IEUS | iShares MSCI Europe Small-Cap ETF | 24.8% | -9 bp | +0.9% |
| AVDV | Avantis International Small Cap Value ETF | 23.3% | -13 bp | +1.6% |
| ISCF | iShares Edge MSCI Multifactor Intl Small-Cap ETF | 22.5% | -26 bp | +2.9% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 12/1/2023
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
PDN
5.3%
Cat. Avg
6.9%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.3% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 261 funds in the International Equities category, with an average ALTAR Score™
of 6.9% and a standard deviation of
2.5%. PDN's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places PDN in the 27th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
PDN
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PDN | 49.0 | 20.0 | 69 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .