# Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pdn for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Equity - Strategy: Passive Index · Inception: 2007-09-27 The Fund seeks to track the results of RAFI Fundamental Select Developed ex US 1500 Index. The Fund invests in securities that comprise the Underlying Index which is comprised of approximately 1,500 common stocks and is designed to track the performance of small and mid-sized developed market excluding US companies. ## Key Facts | Metric | Value | |---|---| | Price | $45.00 | | Expense Ratio | 0.47% | | Assets Under Management | $342.3M | | NAV | $45.04 | | Holdings Count | 1562 | | Distribution Yield (TTM) | 3.36% | | Annual Distribution (TTM) | $1.51 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $39.65 – $47.94 | | Beta | 0.99 | ## Latest Distribution - Amount: $0.3059 /share - Ex-date: 2026-09-21 - Pay date: 2026-09-25 ## Frequently Asked Questions ### What does PDN invest in? The Fund seeks to track the results of RAFI Fundamental Select Developed ex US 1500 Index. The Fund invests in securities that comprise the Underlying Index which is comprised of approximately 1,500 common stocks and is designed to track the performance of small and mid-sized developed market excluding US companies. ### What is the expense ratio of PDN? Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) charges an expense ratio of 0.47%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PDN? Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) manages $342.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PDN actively managed or an index fund? PDN is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (PDN's is 0.47%) because there's no security selection cost. ### When was PDN launched? Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) launched in September 2007 and is managed by Invesco. ### How has PDN performed? PDN's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does PDN pay a dividend? Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) currently distributes little or no income. Trailing-twelve-month yield is 3.36%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PDN pay dividends? Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PDN's dividend yield? PDN's trailing-twelve-month yield is 3.36%, calculated from the sum of dividends over the past year divided by the current price. ### When is PDN's next ex-dividend date? The most recently announced ex-dividend date for PDN was 2026-09-21. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will PDN's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.47% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PDN charge its expense ratio? The expense ratio is deducted in tiny daily slices from PDN's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PDN cost more than a fund like VOO? PDN is a passive index fund (current expense ratio 0.47%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to PDN? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PDN (0.47%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pdn - Distribution history: https://www.dividenddata.com/funds/pdn/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pdn/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pdn/expenses - Peer comparison: https://www.dividenddata.com/funds/pdn/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.