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ETFs

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF

PDN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 27 2007
Expense Ratio
0.49%
Type
Global Ex. US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$695,183
AUM
$509,659,759
Associated Index
FTSE RAFI Developed Markets ex-U.S. Mid-Small 1500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Cash/Receivables/Payables
0.29%
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0.22%
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Asics Corporation
0.21%
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Be Semiconductor Industries NV
0.21%
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Toyo Tire Corp
0.21%
298040
Hyosung Heavy Industries Co. Ltd
0.21%
2212
Yamazaki Baking Co Ltd
0.21%
005830
DB Insurance
0.21%
STN
Stantec Inc
0.20%
000150
Doosan Corp
0.20%
Invest with PDN

What is PDN?

The Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (Fund) is based on the FTSE RAFI Developed ex U.S. Mid-Small 1500 Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index is designed to track the performance of small and mid-capitalization equities of companies in developed international markets (excluding the US), selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities are based on their fundamental strength and are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.

ETFs related toPDN

ETFs correlated to PDN include DFIS, SCZ, FNDC

PDN
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF
DFIS
Dimensional ETF Trust - Dimensional International Small Cap ETF
SCZ
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Small-Cap ETF
FNDC
Schwab Strategic Trust - Schwab Fundamental International Small Company Index ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF
DLS
WisdomTree Trust - WisdomTree International SmallCap Dividend Fund
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
GWX
SSgA Active Trust - SPDR S&P International Small Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPDN

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with PDN using Composer

FAQ

PDN is a Global Ex. US Equities ETF. The Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (Fund) is based on the FTSE RAFI Developed ex U.S. Mid-Small 1500 Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index is designed to track the performance of small and mid-capitalization equities of companies in developed international markets (excluding the US), selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities are based on their fundamental strength and are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.

PDN tracks the FTSE RAFI Developed Markets ex-U.S. Mid-Small 1500 Index.

No, PDN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PDN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PDN is -0.0023%. This is the percent change in the value of PDN over the most recent 1-month period. The 3-month return on PDN is 0%. This is the percent change in the value of PDN over the most recent 3-month period.

The standard deviation of PDN for the past year is 0.1721%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PDN include PBW, IGF, and ARKK.

ETFs correlated to PDN include DFIS, SCZ, and FNDC.

ETFs that are inversely correlated to PDN include EFZ, EPV, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.