Invesco RAFI US 1000 ETF

Frequently Asked Questions About PRF

What does PRF invest in?

The Invesco RAFI US 1000 ETF, referred to as the Fund, is designed to emulate the performance of the RAFI Fundamental Select US 1000 Index. It typically allocates at least 90% of its total assets to the common stocks composing this Index. The Index itself is crafted to track prominent U.S. equities, chosen according to four fundamental indicators of company size: book value, cash flow, sales, and dividends. The one thousand equities demonstrating the highest fundamental strength receive weighting based on their respective fundamental scores. Both the Fund and its underlying Index undergo an annual rebalancing process. Please note an upcoming transition: as of the close of business on March 21, 2025, the Fund's current underlying index, the FTSE RAFI US 1000 Index, will be superseded by the RAFI Fundamental Select US 1000 Index (the "New Underlying Index"). Simultaneously, the Fund's official designation will become "Invesco RAFI US 1000 ETF." As of August 31, 2025, the Fund achieved an overall 4-star rating from Morningstar Inc., positioning it among 1077 similar funds. It also secured 4-star ratings for its 3-year, 5-year, and 10-year performance periods, within comparison groups of 1077, 1018, and 826 funds, respectively. Morningstar's ratings are based on a risk-adjusted return methodology that emphasizes consistent performance and accounts for downside risk. For comparison, open-end mutual funds and exchange-traded funds are treated as a single category, and ratings are only issued for funds with a history of at least three years. The overall rating is a weighted average of the applicable three-, five-, and ten-year performance metrics, incorporating fees and expenses but excluding sales charges. This information, copyrighted by Morningstar Inc. (©2025), is proprietary and should not be reproduced or distributed; its accuracy, completeness, or timeliness is not guaranteed. Morningstar and its content providers disclaim liability for any losses resulting from the use of this data. Prior performance does not indicate future returns. Star ratings are distributed as follows: the top 10% receive five stars, the subsequent 22.5% four stars, the next 35% three stars, the following 22.5% two stars, and the bottom 10% one star. Ratings are updated monthly. It is important to note that if current or past fee waivers and/or expense reimbursements had not been applied, the Morningstar rating would have been lower. Ratings may also vary for different share classes due to differing performance characteristics.

What is the expense ratio of PRF?

Invesco RAFI US 1000 ETF (PRF) charges an expense ratio of 0.34%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PRF?

Invesco RAFI US 1000 ETF (PRF) manages $10.14B 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 PRF actively managed or an index fund?

PRF 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 (PRF's is 0.34%) because there's no security selection cost.

When was PRF launched?

Invesco RAFI US 1000 ETF (PRF) launched in December 2005 and is managed by Invesco.

How has PRF performed?

PRF'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.