IQ

PDN · Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF

$44.93
−0.6% · 1 day, price
Fact sheet
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Fund card

<iframe src="https://etfiq.com/embed/fund/pdn/" title="ETFIQ PDN analysis" width="100%" height="420" loading="lazy" style="border:0;max-width:600px"></iframe>
<p>Data: <a href="https://etfiq.com/funds/pdn">ETFIQ PDN analysis</a></p>

Daily flows

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<p>Data: <a href="https://etfiq.com/funds/pdn">ETFIQ PDN fund flows</a></p>

How to embed ETFIQ charts

In one line

PDN tracks an index and returned +11.8% over the past year.

What drove PDN’s returns?What does PDN cost to own and to trade?What does PDN hold?
1-year total return
+11.8%to Nov 12, 2026
Expense ratio
0.47%a year
Net assets
$342mon Nov 11, 2026
Net flow, latest day
−$2.3mdaily basis to Nov 11, 2026
Equity fund · Tracks the RAFI Fundamental Select Developed ex US 1500 IndexExpense ratio 0.47%Fund assets $342m on Nov 11, 2026First traded Sep 28, 2007Benchmark Its own holdings, as of Nov 11, 2026; no other fund tracks the RAFI Fundamental Select Developed ex US 1500 Index, the index its prospectus namesFund page at the issuer ↗SEC filings ↗Dividend history

PDN returned +11.8% over the year to Nov 12, 2026, charges 0.47% a year and holds $342m in net assets on Nov 11, 2026.

Promise check: Not measured

Analyze PDNPut to the committeeAdd to portfolioOverlapRisk checkAlerts
Growth of $10,000

PDN, 1 year

Total return, distributions reinvested, Nov 12, 2025 to Nov 12, 2026. No second line: its benchmark is its own holdings, which have no daily price series.

PDN $11,184 +11.8%Returns from daily closes. Data
Scorecard · vs

PDN risk and return scorecard

Not measured: no scorecard was computed for this fund.

Method

Net fund flows · daily basis · as of Nov 11, 2026

Money in and out

Latest day
−$2.3m
N-PORT monthly basis
Since Nov 2026
−$2.3m
N-PORT monthly basis
In on 0 days, out on 1. 64 days missing.
Ask why money is moving in PDNEvery window, day and month ↓
Total return

What you earned

PDN −1.9%: total return over one month to Nov 12, 2026.
$10,000 in PDN would be $9,810, over one month to Nov 12, 2026.
PDN−1.9%
PDN −4.6%: total return over three months to Nov 12, 2026.
$10,000 in PDN would be $9,540, over three months to Nov 12, 2026.
PDN−4.6%
PDN −3.0%: total return over six months to Nov 12, 2026.
$10,000 in PDN would be $9,700, over six months to Nov 12, 2026.
PDN−3.0%
PDN +8.9%: total return year to date, Dec 31, 2025 to Nov 12, 2026.
$10,000 in PDN would be $10,890, year to date, Dec 31, 2025 to Nov 12, 2026.
PDN+8.9%
PDN +11.8%: total return over one year to Nov 12, 2026.
$10,000 in PDN would be $11,180, over one year to Nov 12, 2026.
PDN+11.8%
PDN +69.2%: total return over three years to Nov 12, 2026.
$10,000 in PDN would be $16,920, over three years to Nov 12, 2026.
PDN+69.2%
PDN +36.6%: total return over five years to Nov 12, 2026.
$10,000 in PDN would be $13,660, over five years to Nov 12, 2026.
PDN+36.6%
PDN +123.3%: total return over ten years to Nov 12, 2026.
$10,000 in PDN would be $22,330, over ten years to Nov 12, 2026.
PDN+123.3%
PDN +180.6%: total return since launch to Nov 12, 2026.
$10,000 in PDN would be $28,060, since launch to Nov 12, 2026.
PDN+180.6%
askIQ: what drove PDN’s returns? ↗
Fees over time · hypothetical
Fees paid
$460
Of the amount
4.6%

At PDN’s 0.47% a year, taken each year from the amount after growth. Hypothetical.

Cost to trade · hypothetical
One way
$10.00
Round trip
$20.00
A year
$20.00

One way: half its 30-day median bid-ask spread, as of Nov 11, 2026. A round trip buys and later sells the same size. Hypothetical. Trading page

RAFI Fundamental Select Developed ex US 1500 Index

How concentrated, and what does it cost?

+11.8%
Total return, 1 year
Report
0.47%
Expense ratio
Report
1563
Holdings
Report
−5.5%
Below its high
Report
3.6%
12-month yield, capital gains included, on its starting price
Report
$0.3059
Last payment (paid quarterly), ex-date Sep 21, 2026
Report
Sector mix
Cost against like funds
askIQ: is a 0.47% fee low for a fund like PDN? ↗

12 committee seats read PDN on data as of Nov 12, 2026: 1 Supports, 2 Mixed, 2 Challenges, 7 without enough data.

1 Supports2 Mixed2 Challenges7 Not enough data
  • Bogle
  • Graham
  • Buffett & Munger
  • Lynch
  • Templeton
  • Dalio
  • Marks
  • Druckenmiller
  • Swensen
  • Wood
  • Livermore
  • Skeptic

Watch the committee read PDN How the committee works

12 seats on PDN, as of Nov 12, 2026: 1 Supports, 2 Mixed, 2 Challenges, 7 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationSupports
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresETFIQ SkepticETFIQ’s own seatNot enough data
Put PDN to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Risk Officer

Risk check

What to look at before you hold PDN. Not advice.

As of Nov 13, 2026, PDN crossed 0 of 5 ETFIQ risk lines.

OverlapNot publishedNot published
Trading cost30-day median spread 0.2%Clear
Premium or discount95% of days within ±0.1517% of NAV, 0 days over 1%, Nov 10, 2026 to Nov 11, 2026Clear
ConcentrationTop 10 holdings are 2.2% of the fundClear
ClosureNo closure flagClear

Lines and sources: Method. Check several funds at once on My Portfolio.

More on PDN

Every number below is on this page. Open what you need.

PDN flows, by email on Sundays.

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Price and total return, 1 year

$44.93−0.6%1 day, priceClose, Nov 12, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 12, 2026. Updated every trading night. Report a data error

PDN returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 13 – Nov 12, 2026−1.9%−2.7%
3M Aug 13 – Nov 12, 2026−4.6%−2.4%
6M May 14 – Nov 12, 2026−3.0%+1.7%
YTD Dec 31, 2025 – Nov 12, 2026+8.9%+11.9%
1Y Nov 12, 2025 – Nov 12, 2026+11.8%+12.0%
3Y Nov 13, 2023 – Nov 12, 2026+69.2%+78.3%
5Y Nov 12, 2021 – Nov 12, 2026+36.6%+73.3%
10Y Nov 14, 2016 – Nov 12, 2026+123.3%+309.6%
Since launch Sep 28, 2007 – Nov 12, 2026+180.6%+602.6%
Since launch, annualised Sep 28, 2007 – Nov 12, 2026+5.5%–

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

Money in and out

Daily data · as of Nov 11, 2026

PDN: on Nov 11, 2026, net $2.3m went out.

1D
−$2.3m
−0.7% of $342m on Nov 10, 2026
Nov 11, 2026
Since Nov 2026
−$2.3m
Nov 11, 2026
Net flow each trading day
Net flow into PDN each trading day, Aug 12, 2026 to Nov 11, 2026−$2.3mmonthly, from SEC filingsdaily, from Invesco+$2.3m−$2.3mAug 12, 2026Nov 11, 2026

PDN, net flow each trading day over the 65 sessions from Aug 12, 2026 to Nov 11, 2026: money came in on 0 days and went out on 1 day, of the 1 day with daily data; the other 64 have none. Before Nov 11, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 0 days, out on 1. 64 days missing.

Net flow into PDN each trading day, Nov 12, 2025 to Nov 11, 2026−$2.3mmonthly, from SEC filingsdaily, from Invesco+$2.3m−$2.3mNov 12, 2025Nov 11, 2026

PDN, net flow each trading day over the 251 sessions from Nov 12, 2025 to Nov 11, 2026: money came in on 0 days and went out on 1 day, of the 1 day with daily data; the other 250 have none. Before Nov 11, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 0 days, out on 1. 250 days missing.

Net flow into PDN each trading day, Apr 10, 2025 to Nov 11, 2026−$2.3mmonthly, from SEC filingsdaily, from Invesco+$2.3m−$2.3mApr 10, 2025Nov 11, 2026

PDN, net flow each trading day over the 400 sessions from Apr 10, 2025 to Nov 11, 2026: money came in on 0 days and went out on 1 day, of the 1 day with daily data; the other 399 have none. Before Nov 11, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 0 days, out on 1. 399 days missing.

Money in, netMoney out, netMonthly basis
Streak
Money out on its last trading day, Nov 11, 2026, a net −$2.3m.

Daily data starts Nov 11, 2026.

How this is computed

Computed by ETFIQ from Invesco’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for PDN, back to Nov 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare PDN with other funds in the flows tool

Every trading day, last 3 months1 day
Nov 11, 2026 −$2.3m

Most recent first.

Week by week, last year1 week
Nov 11, 2026 −$2.3m 1 day

Net flow into PDN each week, Nov 11, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outNov 2026

PDN, net flow each month from Nov 2026 to Nov 2026: money came in in 0 months and went out in 1 month.

MonthInOutNet
Nov 2026 ETFIQ, the sum of its days, Nov 11 to Nov 11$0−$2.3m−$2.3m

Most recent first.

How this is computed

Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Nov 11, 2026. Last checked Nov 13, 2026.

PDN key stats

52-week high, daily closes to Nov 12, 2026 (ETFIQ)$47.86 on Sep 4, 2026
52-week low, daily closes to Nov 12, 2026 (ETFIQ)$39.65 on Nov 20, 2025
Close on Nov 12, 2026, within that range (ETFIQ)$44.93, 64% of the way from the low to the high
Holdings1563
Top ten weight2.2%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 11, 2026
Trading · PDNas of Nov 11, 2026
·
Not scored2 of 6 measured · Nov 11, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
$1,000$1.000.10%
$10,000$100.10%
Premium or discount to NAV, Nov 11 close−0.15%
−0.2%95% of days within ±0.15% · the 1% band is off this scale+0.2%
How to tradeLimit: midpoint + 5¢ to buy, midpoint − 5¢ to sell.At the Nov 11 close of $45.21, that’s $45.26 to buy and $45.16 to sell.Its holdings close before New York; its price can drift from value late in the day.
Full trading page: components, premium history, dealers →

PDN for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
PDN interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

PDN is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Download all holdings

PDN top ten by weight, 2.2% of the fund, of its 1,563 equity positions, from the holdings published by its issuer for Nov 11, 2026. An index fund holds what the index holds, so this is the index. Source: the issuer’s own daily file.

Atlassian Corp TEAM 0.26%
Getinge AB GETIB 0.24%
GFL Environmental Inc GFL 0.23%
Sopra Steria Group SOP 0.22%
Var Energi ASA VAR 0.22%
Jyske Bank A/S JYSK 0.22%
SIG Group AG SIGN 0.22%
Sega Sammy Holdings Inc 6460 TYO 0.22%
ANDRITZ AG ANDR 0.21%
Banco Comercial Portugues SA BCP 0.21%
Holdings, the issuer’s own daily file ↗See all 1,563 holdings →Check overlap with another fund →

Source: the issuer’s own daily file. Updated each trading day. Last checked Nov 12, 2026.

About PDN

What it tracksRAFI Fundamental Select Developed ex US 1500 Index
Fund typeEquity fund
Category (ETFIQ)Stocks · International small and mid-cap value
Region (ETFIQ)International developed
Expense ratio (485BPOS XBRL, Feb 26, 2026)0.47%
Price$44.93
First tradedSep 28, 2007
Net assets (issuer page, as of Nov 11, 2026)$342mReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Nov 11, 2026; no other fund tracks the RAFI Fundamental Select Developed ex US 1500 Index, the index its prospectus names
Stated benchmarkRAFI Fundamental Select Developed ex US 1500 Index (from its prospectus). PDN is the only ETF ETFIQ covers that tracks it.
Below its high (ETFIQ)−5.5%
Holdings1563
Top ten weight2.2%
Cash, not in the top ten0.0%
Holdings published for (the issuer’s daily file)Nov 11, 2026
Holdings as of the close of (the issuer’s daily file)Nov 11, 2026
Already in the S&P 500, by weight (ETFIQ)0.0%
Active share vs the S&P 500 (ETFIQ)100.0%
Already in the Nasdaq-100, by weight (ETFIQ)0.1%
Promise checkNot measured. No other ETF tracks the index it names, so its tracking cannot be measured.

Questions people ask about PDN

How has PDN performed?
Over the year to Nov 12, 2026, PDN returned +11.8% with distributions reinvested. Over three years the number is +69.2%.
What does PDN cost?
The prospectus expense ratio is 0.47% a year.
What does PDN hold?
1,563 positions as published by its issuer for Nov 11, 2026, with the top ten at 2.2% of the fund. 0% of its weight is in stocks the S&P 500 also holds.
How far is PDN below its high?
5.5% below its high of Sep 4, 2026, measured on the reinvested series to Nov 12, 2026.
Sources and dates
Prices, PDN and S&P 500 (SPY)Tiingo end-of-day · Nov 12, 2026
Fee, 0.47%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $342mIssuer page · Nov 11, 2026
HoldingsHoldings, the issuer’s own daily file · Nov 11, 2026 ↗
IssuerInvesco page for PDN ↗
All fund filingsFund filings on SEC EDGAR ↗
Invesco’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, PDN, stock fund, data as of Nov 12, 2026. https://etfiq.com/funds/pdn

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Embed this chart

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PDN: PDN over 1 year: total return +11.8%. Data to Nov 12, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/core/pdn/" title="PDN: PDN over 1 year: total return +11.8%. Data to Nov 12, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">PDN: PDN over 1 year: total return +11.8%. Data to Nov 12, 2026. Data: <a href="https://etfiq.com/funds/pdn">ETFIQ</a></figcaption>
</figure>

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