PRFZ

Invesco FTSE RAFI US 1500 Small-Mid ETF

The FTSE™ RAFI 1500 Small-Mid Index is designed to track the performance of small- and mid-cap U.S. equities, selected and weighted based on four fundamental measures of firm size: book value, income, sales and dividends.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

2.5 B

ASSETS UNDER MGMT

39 bp

EXPENSES
Fund Basics
Fund sponsorInvesco
CategoryUS
Asset classEquity
Websitelink...
Inception dateSep 20, 2006
Assets (mns)$2,532
Expense ratio39 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionFundamental
WeightingFundamental
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
FTAI AVIATION LTD 4.3 %
FRANK'S INTERNATIONAL NV 0.7 %
COMMSCOPE HOLDING CO INC 0.5 %
CARVANA CO. CLASS A 0.4 %
CARPENTER TECHNOLOGY 0.4 %
VIRTU FINANCIAL, INC. CLASS A 0.3 %
ECHOSTAR CORP-A 0.3 %
APPLOVIN CORP. CLASS A 0.3 %
A-MARK PRECIOUS METALS, INC. 0.3 %
BRINKER INTERNATIONAL INC 0.3 %
Constituent Breakdown
Number of holdings1483
Herfindahl-Hirschman Index 31
Wgt avg mkt cap (mns)$4,113
Large cap (>$10bn)8.2%
Mid cap ($2-10bn)45.0%
Small cap (<$2bn)46.5%
Developed mkts.99.8%
Emerging mkts.0.2%
Country Exposure
UNITED STATES 93.9 %
BERMUDA 0.9 %
NETHERLANDS 0.8 %
LUXEMBOURG 0.6 %
BRITAIN 0.5 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 11.9% 28.1% -45.7% -38.0% -18.9% -6.6% 0.1%
Volatility 18.2% 19.1% 21.6% 21.6% 26.3% 21.7% --
Market Correlations
versus...BetaR-squared
S&P 5000.869%
MSCI EAFE0.797%
MSCI Emg Mkts0.130%
Liquidity Measures
Avg. volume (000)82
Turnover0.1%
Avg. Bid/Ask (% of price)0.07%
ADV of underlying (mns)$31,628
Technical Indicators
Recent close$41.35
30d moving avg.$40.50
Annualized volatility51.3%
Relative strength (RSI)51
Short interest (ETF)0.0%
Short interest (underlying)5.5%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: PRFZ vs. Comps (1 YR)

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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 --%
0.8 16.0 1.5 2.1% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
PRFZ



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

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.

ALTAR Score™

PRFZ

4.3%

Cat. Avg

5.6%


ALTAR Score™ Calculation

Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.4%. PRFZ's ALTAR Score™ is approximately 0.5 standard deviations below the category average. This places PRFZ in the 31st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

PRFZ
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
PRFZ (39 bp) Percentile rank 41
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
PRFZ 39.0 6.6 45.6
Peer Avg. 29.9 13.7 43.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .