Key stats
About Invesco FTSE RAFI US 1500 Small-Mid ETF
Expense ratio
0.39%
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Inception date
Sep 20, 2006
ISIN
US46137V5975
PRFZ is more of a fundamental small-cap portfolio than a true extended market fund. The index calculates a fundamental weight for the components of the FTSE USA Total Cap Index based on their book values, dividends, free cash flows and total sales. It then selects firms ranked 1,001-2,500 by fundamental weight, rather than by market cap. This process effectively removes most mid-caps. PRFZ then weights holdings by their fundamental factors, further tilting the portfolio smalla large majority of the portfolio is allocated to small- and micro-caps. From a size perspective, PRFZ pairs well with sibling fund PRF, which is the large-cap version of this fund. The index is rebalanced and reconstituted annually.
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region