Summary
PDN Chart
PDN: Ex-U.S. Cyclical Stocks Offer Compelling Valuations
The Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF is off to a strong start in 2026, building on solid gains over the past year. The robust returns come amid ongoing U.S. dollar weakness and rotation into cheap small- and mid-cap stocks. I estimate that PDN offers a high single-digit total return potential, with a third of the gains potentially coming in the form of dividends.
Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 17,384 | $781,970 | $821,741.68 | $39,771.68 | 5.09% |
| PN Peter Nicholson First Bancorp Inc. /ME/ | 984 | $44,240.64 | $46,232.75 | $1,992.11 | 4.5% |
| SNS Steven N. Strauss DROMS STRAUSS ADVISORS Inc. /MO/ /ADV | 271,931 | $7.51M | $12.85M | $5.34M | 71.17% |
 Joseph Castro Nuveen LLC | 6,243 | $280,832 | $293,324.23 | $12,492.23 | 4.45% |
 Brian Baylis Bell Investment Advisors Inc. | 1,672 | $64,052.25 | $79,027.08 | $14,974.83 | 23.38% |
Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF ever had a stock split?
Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF Profile
| ARCA Exchange | US Country |
Overview
The company operates as an investment fund that focuses on providing its investors with exposure to small-and mid-capitalization companies classified as "developed" according to the country classification definition by FTSE, excluding the United States. The fund maintains a strategy of investing a minimum of 90% of its total assets in the securities that make up its underlying index. This index is carefully compiled to include firms that fit the fund's investment criteria, thereby aiming to replicate or track the performance of its chosen segment of the global market. Additionally, the fund invests in American depositary receipts (ADRs) and global depositary receipts (GDRs) that represent the securities of the companies within the underlying index, allowing for broader exposure to its target investments.
Products and Services
The fund offers a focused investment product and service to its clients, detailed as follows:
- Investment in Securities of Developed Small-and Mid-Cap Companies
This primary service encompasses the core of the fund’s investment strategy, targeting securities of small-and mid-cap companies based in developed markets outside the United States. The selection of these securities is aligned with the underlying index which the fund strives to match or track. This approach aims to offer investors a diversified portfolio that captures the growth potential of developed markets, emphasizing companies outside the large cap domain to potentially yield higher growth rates.
- Investment in ADRs and GDRs
In addition to direct investments in securities, the fund extends its reach by investing in American depositary receipts (ADRs) and global depositary receipts (GDRs). These financial instruments represent a share (or shares) of a foreign stock, making them an essential tool for gaining exposure to international markets without the complexities of direct investments in foreign securities. By incorporating ADRs and GDRs in its portfolio, the fund offers its investors an efficient way to invest in foreign companies while benefiting from the regulatory and financial standards of U.S. or global depositary systems.
