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AUM
$2.69B
P/E ratio
17.5
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0.8486%
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1.08382
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$53.45
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$53.46
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NASDAQ Global Market
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Exchange-Traded Fund
Equities
Domestic
Small-Cap
Should Invesco RAFI US 1500 Small-Mid ETF (PRFZ) Be on Your Investing Radar?
The Invesco RAFI US 1500 Small-Mid ETF (PRFZ) was launched on September 20, 2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Small Cap Blend segment of the US equity market.
Zacks Investment Research • Oct 7, 2026

PRFZ Is Turning 20: A Battle-Tested SMID-Cap ETF
As market concentration pushes valuations toward historic highs, funds that combine small-cap and mid-cap (SMID) companies present a compelling option. However, all SMID-cap funds aren't created equal.
ETF Trends • Sep 16, 2026

Indexing Redefined, Part III: Implementation & The Total ETF Experience
In Part II of this Indexing Redefined four-part series, the article examined how fundamental indexing can be applicable to style boxes. In particular, anchoring core, value, and growth allocations to observable economic scale as opposed to simply using price momentum.
ETF Trends • Sep 14, 2026

How PRFZ Uses Fundamental Indexing in Today's SMID-Cap Market
Thus far in 2026, small-caps have come back in a big way. As mega-cap tech concentration continues to push broad U.S. market valuations to the brink of historical highs, investors are seeking alternative paths for growth, and small-caps are offering attractive entry points.
ETF Trends • Sep 2, 2026

Is Invesco RAFI US 1500 Small-Mid ETF (PRFZ) a Strong ETF Right Now?
Making its debut on 09/20/2006, smart beta exchange traded fund Invesco RAFI US 1500 Small-Mid ETF (PRFZ) provides investors broad exposure to the Style Box - Small Cap Blend category of the market.
Zacks Investment Research • Aug 31, 2026

PRFZ: Ready To Shine When Small Caps Outperform
Invesco RAFI US 1500 Small-Mid ETF offers diversified small-cap exposure with a unique fundamental weighting methodology. PRFZ has outperformed peers over 3- and 5-year periods, justifying its higher expense ratio versus other small-cap ETFs. The ETF's structure, with no stock over 0.9% weight, and broad sector allocation, reduces concentration risk.
Seeking Alpha • Jan 8, 2026

PRFZ: A Small-Cap Fund Where Fundamentals Is The Core Theme
The Invesco RAFI US 1500 Small-Mid ETF (PRFZ) offers diversified small-cap exposure with a strong profitability bias and fundamentals-based selection. PRFZ maintains a neutral sector mix and trades at a valuation close to the Russell 2000, but its expense ratio is higher than peers. While PRFZ has outperformed the Russell 2000 and many peers in the short term, its long-term performance is middle-of-the-pack.
Seeking Alpha • Sep 28, 2025

Should Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) Be on Your Investing Radar?
Looking for broad exposure to the Small Cap Blend segment of the US equity market? You should consider the Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ), a passively managed exchange traded fund launched on 09/20/2006.
Zacks Investment Research • Mar 18, 2025

Is Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) a Strong ETF Right Now?
Launched on 09/20/2006, the Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Blend category of the market.
Zacks Investment Research • Jan 31, 2025

PRFZ: Small-Cap ETF Defining Size By Fundamentals
Invesco FTSE RAFI US 1500 Small-Mid ETF is a small-cap ETF based on “fundamental size”. Fundamental size is a score combining book value, cash flow, sales, and dividends. The PRFZ ETF is highly diversified, shows value characteristics, and has outperformed a small-cap benchmark since its inception.
Seeking Alpha • Dec 13, 2024

¹ Disclosures

Open an M1 investment account to buy and sell Invesco FTSE RAFI US 1500 Small-Mid ETF commission-free¹. Build wealth for the long term using automated trading and transfers.