Invesco RAFI US 1500 Small-Mid ETF
$52.83−0.64 (−1.19%)
- Expense ratio
- 0.36%
- Fund size
- $2.7B
- 1Y return
- +17.6%
- Yield · Last 12 months
- 0.83%
- Holdings
- 1492
- Volume · 30D
- 0.1M sh
- NAV per share
- $53.22
- 52W range
The ETF.net PRFZ Grade
Score 63 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 44Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 92Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 29Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 68Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 88Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 82Category rank
Our read on PRFZ
BMost small-cap funds let the market's price tag decide position size. PRFZ, running since 2006, sizes roughly 1,500 US small and mid caps by business heft instead: book value, cash flow, sales and dividends.
The fund is a passively managed index fund that seeks to track the investment results of its underlying index before fees and expenses.
Why people hold it
- Weights companies by four measures of business size rather than share price, so a hot stock cannot buy itself a bigger slot in the portfolio just by getting more expensive.invesco.cominvesco.com
- 0.34% a year undercuts the median fee among the index trackers it competes with, and the fund has stayed tight to its benchmark before costs.
- About 1,500 holdings spread the strategy across the whole small and mid-cap field, no single name carrying the fund. Distributions come quarterly.
- Live since 2006 and now a multi-billion-dollar fund, it is one of the longest-running fundamental-weighting ETFs on the market and sits in the top quartile of its peer group.
Worth knowing
- Sizing by fundamentals leans the portfolio toward cheaper, asset-heavy companies, so it can drift well away from a plain cap-weighted small-cap index in growth-led stretches.invesco.com
- Plain cap-weighted small and mid-cap trackers such as VXF charge a fraction of 0.34%. The gap is the price of the weighting rule.
- Small and mid caps move more sharply than large caps, and this is a fully invested stock fund with no bond or cash ballast to soften the ride.invesco.com
PRFZ Holdings
- Stocks
- 1,492
- 4%
- TXG
Sectors
- Health Care19.1%
- Technology19.0%
- Industrials14.5%
- Financials14.2%
- Consumer Discr.10.8%
- Real Estate6.5%
- Energy5.3%
- Materials3.2%
- Cons. Staples3.2%
- Communication2.9%
- Utilities1.3%
Geography
- United States97.64%
- United Kingdom1.03%
- Bermuda0.54%
- Luxembourg0.22%
- Netherlands0.17%
- Cayman Islands0.08%
- Greece0.08%
- Ireland0.06%
- 0.18%
PRFZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PRFZ |
|---|---|
| Year to date | +17.3% |
| 1 month | −4.1% |
| 3 months | +0.6% |
| 1 year | +17.6% |
| 3 years | +19.1% |
| 5 years | +9.4% |
| 10 years | +11.1% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PRFZ |
|---|---|---|
| 2026 YTD | +17.3% | |
| 2025 | +11.2% | |
| 2024 | +12.7% | |
| 2023 | +20.2% | |
| 2022 | −16.3% | |
| 2021 | +28.3% | |
| 2020 | +11.9% |
PRFZ in the news
ETF.net Research hasn’t filed on PRFZ yet — coverage lands here as it’s written.
PRFZ Dividends
- 0.83%
- $0.44
- $0.13 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.13 |
| Jun 22, 2026 | Jun 26, 2026 | $0.10 |
| Mar 23, 2026 | Mar 27, 2026 | $0.10 |
| Dec 22, 2025 | Dec 26, 2025 | $0.11 |
| Sep 22, 2025 | Sep 26, 2025 | $0.11 |
| Jun 23, 2025 | Jun 27, 2025 | $0.11 |
| Mar 24, 2025 | Mar 28, 2025 | $0.04 |
| Dec 23, 2024 | Dec 27, 2024 | $0.23 |
| Sep 23, 2024 | Sep 27, 2024 | $0.13 |
| Jun 24, 2024 | Jun 28, 2024 | $0.16 |
| Mar 18, 2024 | Mar 22, 2024 | $0.09 |
| Dec 18, 2023 | Dec 22, 2023 | $0.12 |
PRFZ Risk
- 18.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.71
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −26.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PRFZ Cost
- The middle half of Other Major Indexes funds
- Median 0.29%
25 of the 42 Other Major Indexes funds charge less.