Invesco FTSE RAFI US 1500 Small-Mid ETF's PRFZ fundamentally weighted approach gives it a contrarian bent that leans into the market's cheapest stocks at each annual rebalance. It should excel if stock valuations mean-revert, but its broad reach, low turnover, and competitive fee keep it on track even if they do not. It earns a Morningstar Analyst Rating of Silver.
Invesco FTSE RAFI US 1500 Small-Mid ETF PRFZ
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PRFZ outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRFZ’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PRFZ management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PRFZ’s parent organization’s priorities and whether they’re in line with investors’ interests.
Fundamental weighting breeds a contrarian bent.
