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PRFZInvesco RAFI US 1500 Small-Mid ETF

Grow my money19y track recordRanked #326 of 2,992 in this goal

Tracks the RAFI TM Fundamental Select US 1500 Index.

By Invesco · Launched 2006

Annual Cost

0.34%

#1,514 of 5,854 · low cost

Fund Size

$2.9B

#612 of 5,854 · large

Return (1Y)Goal

+29.4%

Track Record

19 years

#348 of 5,854 · established

Performance

Total-return NAV · USD
Growth of $10,000
$12,948+29.5%

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

What's inside

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 = 36.1% of fund✓ well diversified

Invesco Private Prime Fund
23.0%
Invesco Private Government Fund
8.9%
TTM Technologies, Inc.
0.6%
Opendoor Technologies Inc.
0.6%
Viavi Solutions Inc.
0.6%
Advanced Energy Industries, Inc.
0.5%
MaxLinear, Inc.
0.5%
Onto Innovation Inc.
0.5%
FormFactor, Inc.
0.4%
Roivant Sciences Ltd.
0.4%

Asset allocation

Stocks
99.9%
Cash
0.1%

By sector

Technology
19.4%
Healthcare
17.8%
Industrials
16.1%
Financial Services
13.6%
Consumer Cyclical
11.2%
Real Estate
6.9%
Energy
4.4%
Basic Materials
3.2%
Other
7.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
18.1%Moderate

Year-on-year price swings

Max drawdown
-44.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.62Decent risk-adjusted returns
Sortino (3Y)
0.93Moderate downside risk

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Tracks the RAFI TM Fundamental Select US 1500 Index.
Strategy
Invests at least 90% of total assets in securities of small- and mid-sized U.S. companies that comprise the RAFI TM Fundamental Select US 1500 Index, using full replication methodology. The Fund is designed to be diversified, reflecting the index's concentration in various industries.
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

You're paying active fees for an index

This fund charges active-management prices while tracking its benchmark almost perfectly (a high R²). The metrics below show how little active management you're getting for that premium: low tracking error and a fee well above the passive peer median.

R²
97.1%
TE
3.6%
Beta
0.94
Fee
3× 0.12%

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

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 2026-08-04