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Beacon

PRFZInvesco RAFI US 1500 Small-Mid ETF

Grow my money19y track recordRanked #327 of 2,960 in this goal

Seeks to track the investment results of the RAFI TM Fundamental Select US 1500 Index.

By Invesco · Launched 2006

Annual Cost

0.34%

#1,585 of 5,562 · low cost

Fund Size

$2.7B

#618 of 5,562 · large

Return (1Y)Goal

+36.0%

Track Record

19 years

#355 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$13,427+34.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Cap

Small

Strategy

Index enhanced

Index tracked

RAFI TM Fundamental Select US 1500 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 33.9% of fund✓ well diversified

Invesco Private Prime Fund
21.6%
Invesco Private Government Fund
8.3%
Opendoor Technologies Inc.
1.0%
AppLovin Corp.
0.6%
Primoris Services Corp.
0.5%
Ionis Pharmaceuticals, Inc.
0.4%
Carpenter Technology Corp.
0.4%
Bloom Energy Corp.
0.4%
Hecla Mining Co.
0.4%
GRAIL, Inc.
0.4%

Asset allocation

Stocks
99.9%
Cash
0.1%

By sector

Technology
19.6%
Healthcare
16.8%
Industrials
16.6%
Financial Services
13.2%
Consumer Cyclical
10.8%
Real Estate
7.2%
Energy
5.0%
Basic Materials
3.5%
Other
7.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
18.3%Moderate

Year-on-year price swings

Max drawdown
-44.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.70Decent risk-adjusted returns
Sortino (3Y)
1.05Good downside protection

Where to buy

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks to track the investment results of the RAFI TM Fundamental Select US 1500 Index.
Strategy
Invests at least 90% of total assets in securities of the Underlying Index, which tracks approximately 1,500 small- and mid-sized U.S. companies. Employs full replication methodology to match index weightings.
Inception date
September 20, 2006
Fund family
Invesco

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Closet indexing
Warning

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

R²
97.4%
TE
3.5%
Beta
0.94
Fee
3× 0.12%

Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Why we flagged this: strategy=index_enhanced + high_r_squared+low_tracking_error+near_market_beta+fee_premium

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19