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 sponsor | Invesco |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Sep 20, 2006 |
Assets (mns) | $2,532 |
Expense ratio | 39 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 +
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 holdings | 1483 |
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)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
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... | Beta | R-squared |
S&P 500 | 0.86 | 9% |
MSCI EAFE | 0.79 | 7% |
MSCI Emg Mkts | 0.13 | 0% |
Liquidity Measures
Avg. volume (000) | 82 |
Turnover | 0.1% |
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 volatility | 51.3% |
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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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. PRFZ |
Expenses vs. PRFZ |
ALTAR Score™ vs. PRFZ |
---|---|---|---|---|
FNDA | Schwab Fundamental US Small Co. Index ETF | 47.5% | -14 bp | +2.0% |
IWM | iShares Russell 2000 ETF | 46.8% | -20 bp | -1.4% |
RSSL | Global X Russell 2000 ETF | 46.7% | -31 bp | -1.5% |
VTWO | Vanguard Russell 2000 ETF | 46.4% | -29 bp | -1.2% |
GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 46.1% | -19 bp | +0.5% |
AVSC | Avantis U.S Small Cap Equity ETF | 44.2% | -14 bp | +0.7% |
DFAS | Dimensional U.S. Small Cap ETF | 43.7% | -13 bp | +1.4% |
IWN | iShares Russell 2000 Value ETF | 43.6% | -15 bp | +0.8% |
VTWV | Vanguard Russell 2000 Value ETF | 43.3% | -24 bp | +0.9% |
EES | WisdomTree U.S. SmallCap Fund | 41.5% | -1 bp | +5.2% |
Risk and Returns: PRFZ 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 10/4/2024
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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
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
PRFZSELL
U/W
HOLD
O/W
BUY
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 .