Is PDN a good investment?

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) is a fundamentally weighted ETF. As of September 11, 2026, ETF Copilot scores PDN 3.5 out of 10 — highest on Growth (4.9), lowest on Quality (1.4). It trades at 15.0 times earnings, against its own median of 12.4. Its ten largest holdings are 3% of the fund.

Updated September 11, 2026

How is PDN rated? ETF Copilot scores Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) 3.5 out of 10

As of September 11, 2026, ETF Copilot scores Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) 3.5 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 3.5 / 10
Growth: 4.9 / 10
Valuation: 2.5 / 10
Risk: 4.5 / 10
Quality: 1.4 / 10
Return: 3.5 / 10

What is PDN's expense ratio? 0.47% a year

As of September 11, 2026, PDN charges 0.47% a year, yields 2.89% and holds $364M in assets across 1551 positions.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) — cost, income and size
Measure	PDN
Expense ratio	0.47%
Dividend yield	2.89%
Assets under management	$364M
Holdings	1551

Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.

What stands out in PDN's data

Developed ex-U.S. small-mid stocks, selected for balance-sheet strength and income potential.

Priced cheaper than most developed-market peers abroad — you pay less for the same earnings.

EBITDA multiple of 8.5x sits below the category median of 12.1x, among the cheapest in its group. Holdings 1,551.

A broad, low-priced exposure to non-U.S. small- and mid-cap companies — a value-focused building block for global equity allocations.

Why did PDN move this week? It fell 1.3% in the week to September 11, 2026 — Citizen Watch and Pilbara Minerals drove it

PDN fell 1.3% in the week to September 11, 2026. The holdings that moved it most were Citizen Watch (−13.7%), Pilbara Minerals (−13.2%) and Atlassian (−7.7%); Daewoo Engineering & Constr (+20.0%) pushed the other way.

Is PDN expensive right now? It trades at 15.0 times earnings, against its own median of 12.4

As of September 11, 2026, PDN is more expensive than 95% of its own 114 monthly readings since 2017 — 108 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside PDN?

What's inside PDN: Size (Large 2%, Mid 34%, Small 64%); Geography (International 94%, US 6%); Tech 9.8%; AI 0.1%; Semiconductors 2.6%; Memory 0.3%.

What are PDN's top holdings? The ten largest are 3% of the fund

Tower Semiconductor, Atlassian, Asmpt, SSR Mining, Daewoo Engineering & Construction, VAR Energi ASA, Kingboard Laminates, Hachijuni Bank, Hyundai Marine & Fire Insurance and GFL Environmental are PDN's largest holdings, in that order.

Less concentrated than 97% of Weight - Fundamental ETFs.

Half of PDN's weight sits in its 377 largest positions, and once those weights are taken into account it behaves like 1016 equally weighted holdings.

Cite this

ETF Copilot, “Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/pdn