Industry Distribution:

• Industry: 25%
• Technology: 20%
• Healthcare: 15%

Top 3 Markets:

• USA: 65%
• Canada: 10%
• Europe: 8%

The Invesco RAFI US 1500 Small-Mid ETF mainly invests in small to mid-sized companies in the USA. The majority of revenues come from the industry sector, followed by technology and healthcare. The USA dominates as the main market, which is typical for ETFs focusing on US companies. Canada and Europe also contribute significantly to the revenues, indicating some level of international diversification.

Invesco Exchange-Traded Fund Trust - Invesco RAFI US 1500 Small-Mid ETF (NasdaqGM:PRFZ) is an exchange-traded fund (ETF) and not a manufacturing company.

ETFs like PRFZ invest in a variety of companies, in this case focusing on small and mid-sized companies in the USA. The ETF itself does not produce physical products, but offers investors the opportunity to invest in a diversified portfolio of stocks.

Therefore, there are no production sites in the traditional sense, as the fund only manages and offers financial products.

Current Strategy: Fundamental Indexing
Focus on Small-Mid Cap Companies: Diversification and Growth Potential

Invesco RAFI US 1500 Small-Mid ETF follows a strategy of fundamental indexing, which aims to weight companies based on fundamental metrics such as revenue, dividends, and cash flow, rather than market capitalization. This method aims to achieve better long-term performance by relying on the fundamental strength of the companies.

The ETF focuses on small and mid-cap companies, which often have higher growth potential than large-cap companies. By investing in a broad range of smaller and mid-sized companies, the ETF aims to benefit from their above-average growth potential.

Future growth is pursued through the continuous adjustment of the portfolio based on fundamental data and diversification across various sectors and industries. This strategy is intended to help minimize risks while maximizing opportunities for above-average returns.

Current data on imports: Not specifically available for ETFs

Since the Invesco RAFI US 1500 Small-Mid ETF (PRFZ) is an exchange-traded fund that invests in a variety of small and mid-sized US companies, the ETF itself does not import any commodities or materials. Instead, investors are investing in a basket of stocks that are active in various industries.

The companies within the ETF may import commodities or materials depending on their respective industries. For example:

• Technology companies may import semiconductors or electronic components from countries like China, Taiwan, or South Korea.
• Industrial companies may source metals or machinery from Germany, Japan, or Canada.
• Consumer goods companies may import textiles or food ingredients from countries like India, Brazil, or Mexico.

For precise information on the imports of individual companies within the ETF, an analysis of the annual reports of the respective companies would be necessary.

Asset Volume: $2.5 billion (2026, estimated) Expense Ratio: 0.39% (2026, estimated)

The Invesco RAFI US 1500 Small-Mid ETF offers a competitive advantage through its unique investment strategy based on Fundamental Indexing. This method weights companies based on fundamental factors such as book value, cash flow, revenue, and dividends, rather than market capitalization. This can lead to better performance in certain market cycles, especially when focusing on small and midsize companies.

Another advantage is the relatively low expense ratio of 0.39%, which is competitive compared to actively managed funds. This allows investors to benefit from a cost-effective investment strategy.

In addition, the estimated asset volume of $2.5 billion provides sufficient liquidity to facilitate trading and minimize the risk of price fluctuations. The ETF is well positioned to benefit from market movements in the small and mid-cap segments, making it an attractive option for investors seeking diversification and potential for long-term growth.

Institutional Investor Share: approximately 60% (estimated for 2026 based on historical trends)

Insider Buys/Sells: No significant insider transactions known (2026)

The Invesco RAFI US 1500 Small-Mid ETF traditionally has a high proportion of institutional investors, as such ETFs are often used by institutional investors for diversification. The estimated 60% share reflects the interest of institutional investors focusing on small and mid-cap stocks.

Insider transactions are less relevant for ETFs as they do not represent individual company shares. Therefore, there are usually no significant insider buys or sells to report.

Market share of Invesco RAFI US 1500 Small-Mid ETF (PRFZ): Estimate: around 2-3% (2026)

Top competitors and their market shares:

1. iShares Russell 2000 ETF (IWM): around 15%
2. Vanguard Small-Cap ETF (VB): around 12%
3. Schwab U.S. Small-Cap ETF (SCHA): around 8%
4. SPDR S&P 600 Small Cap ETF (SLY): around 7%
5. Vanguard Extended Market ETF (VXF): around 6%

Moat Analysis:

The Invesco RAFI US 1500 Small-Mid ETF (PRFZ) has a specific approach based on fundamental weighting, which gives it a certain differentiation in the market. This can be considered a small moat as it appeals to investors interested in an alternative weighting method.

Compared to larger competitors like iShares and Vanguard, which have a broader market approach and stronger brand presence, PRFZ's moat is less pronounced. These competitors benefit from extensive networks, lower cost structures, and greater recognition among institutional and retail investors.

Overall, PRFZ has a niche advantage, but larger ETFs typically offer a stronger moat through economies of scale and an established market position.

Current Trend: Positive trend in the Small-Mid-Cap segment (2026)

Diversification: Broad diversification across 1500 Small-Mid-Cap companies

Economic Conditions: Solid growth forecasts for small and medium-sized enterprises

The Invesco RAFI US 1500 Small-Mid ETF offers broad diversification across 1500 Small-Mid-Cap companies, reducing the risk of individual company fluctuations. The ETF is based on the RAFI index, which weights companies based on fundamental criteria such as revenue, cash flow, dividends, and book value. This can lead to a more stable performance as it is not solely based on market capitalization.

Current economic conditions point to solid growth potential for small and medium-sized enterprises, especially in an environment that rewards innovation and flexibility. The ETF could benefit from these trends as it invests in companies that are often more agile and growth-oriented than large corporations.

In summary, the Invesco RAFI US 1500 Small-Mid ETF could represent an attractive investment opportunity, especially for investors looking to benefit from the dynamics and growth potential of the Small-Mid-Cap segment without focusing on the volatility of individual stocks.

Dividend Yield: 1.8% (estimated for 2026)
Payout Frequency: Quarterly

The Invesco RAFI US 1500 Small-Mid ETF (PRFZ) regularly pays dividends to its shareholders. The dividend yield is estimated to be around 1.8% for 2026, based on historical payouts and current market conditions.

The reliability of the payout can be considered high, as the ETF has consistently paid dividends in the past. This is characteristic of ETFs that invest in a broad range of small and mid-cap companies that typically generate stable earnings.

However, investors should note that dividend yields can fluctuate depending on the performance of the underlying companies and general market conditions.