About Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN)

The Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) is an exchange-traded fund that provides investors with exposure to small and mid-sized companies in developed markets outside of the United States. The fund seeks to track the performance of the FTSE RAFI Developed Markets ex-U.S. Small-Mid Index, which is designed to select and weight stocks based on fundamental measures of company size, including sales, cash flow, dividends, and book value.

With a long-term approach to investing, PDN aims to provide investors with the potential for improved risk-adjusted returns compared to traditional market-cap weighted indexes. By weighting stocks based on fundamental factors rather than market capitalization, the fund seeks to reduce the influence of overvalued companies while increasing exposure to undervalued companies within the small and mid-sized segments of the developed markets ex-U.S.