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
2.7 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) | $2,686 |
| 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 | 4.5 % |
| FRANK'S INTERNATIONAL NV | 0.8 % |
| APPLOVIN CORP. CLASS A | 0.6 % |
| CARVANA CO. CLASS A | 0.6 % |
| BRINKER INTERNATIONAL INC | 0.4 % |
| CARPENTER TECHNOLOGY | 0.4 % |
| TEXAS PACIFIC LAND CORPORATION | 0.3 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 0.3 % |
| VIRTU FINANCIAL, INC. CLASS A | 0.3 % |
| PRIMORIS SERVICES CORP | 0.3 % |
Constituent Breakdown
| Number of holdings | 1366 |
| Herfindahl-Hirschman Index | 33 |
| Wgt avg mkt cap (mns) | $4,468 |
| Large cap (>$10bn) | 9.1% |
| Mid cap ($2-10bn) | 44.5% |
| Small cap (<$2bn) | 46.1% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
UNITED STATES | 90.2 % |
 |
NETHERLANDS | 0.9 % |
 |
BERMUDA | 0.8 % |
 |
LUXEMBOURG | 0.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.2% | 34.5% | -49.1% | -39.2% | -19.5% | -7.2% | 0.1% | Volatility | 19.2% | 20.1% | 20.1% | 21.9% | 26.6% | 21.9% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.85 | 9% |
| MSCI EAFE | 0.75 | 7% |
| MSCI Emg Mkts | 0.13 | 0% |
Liquidity Measures
| Avg. volume (000) | 85 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $47,977 |
Technical Indicators
| Recent close | $43.94 |
| 30d moving avg. | $41.41 |
| Annualized volatility | 50.5% |
| 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 |
|---|---|---|---|---|
| IWM | iShares Russell 2000 ETF | 45.9% | -20 bp | -1.3% |
| RSSL | Global X Russell 2000 ETF | 45.9% | -31 bp | -1.5% |
| VTWO | Vanguard Russell 2000 ETF | 45.5% | -29 bp | -1.2% |
| FNDA | Schwab Fundamental US Small Co. Index ETF | 45.2% | -14 bp | +1.9% |
| GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 44.5% | -19 bp | +0.5% |
| AVSC | Avantis U.S Small Cap Equity ETF | 43.2% | -14 bp | +0.6% |
| DFAS | Dimensional U.S. Small Cap ETF | 42.6% | -13 bp | +1.4% |
| IWN | iShares Russell 2000 Value ETF | 42.1% | -15 bp | +0.7% |
| VTWV | Vanguard Russell 2000 Value ETF | 42.1% | -24 bp | +0.8% |
| EES | WisdomTree U.S. SmallCap Fund | 40.5% | -1 bp | +4.9% |
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 11/21/2024
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
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
4.0%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. PRFZ's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places PRFZ in the 28th 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. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .