ETF Evaluator:
Invesco RAFI US 1000 ETF (PRF)
Follow This ETF
(as of Jul 31)
Best Performing in Large Value Over the Last Year
| 80.0% | iShares MSCI USA Value Factor ETF (VLUE) |
| 37.2% | Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) |
| 36.6% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 35.3% | Avantis US Large Cap Value ETF (AVLV) |
| 35.1% | LSV Disciplined Value ETF (LSVD) |
Risk
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Risk
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ETF Details
Invesco RAFI US 1000 ETF Overview
Invesco RAFI US 1000 ETF (PRF) is a passively managed U.S. Equity Large Value exchange-traded fund (ETF). Invesco launched the ETF in 2005.
The investment seeks to track the investment results (before fees and expenses) of the RAFI Fundamental Select US 1000 Index.
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The index provider compiles, maintains and calculates the new underlying index, which is composed of approximately 1,000 common stocks and is designed to track the performance of the largest U.S. companies based on the following four fundamental measures of company size: book value plus intangibles, adjusted cash flow, adjusted sales, dividend plus buybacks.
About Invesco RAFI US 1000 ETF (PRF)
There are 3 members of the management team with an average tenure of 14.26 years: Peter Hubbard (2007), Michael Jeanette (2008) and Pratik Doshi (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and RAFI Fund Select US 1000 TR USD index with a weighting of 100%. Invesco RAFI US 1000 ETF has 1002 securities in its portfolio. The top 10 holdings constitute 22.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco RAFI US 1000 ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Invesco RAFI US 1000 ETF has 0.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.3% There is 0.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco RAFI US 1000 ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $9 billion in total assets, which is above the $5 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PRF Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco RAFI US 1000 ETF expense ratio is below average compared to funds in the Large Value category. Invesco RAFI US 1000 ETF has an expense ratio of 0.34%, which is 8% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco RAFI US 1000 ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 41% for the Large Value category.
Recently, in the month of June 2026, Invesco RAFI US 1000 ETF returned 1.1%, which earned it a grade of C, as the Large Value category had an average return of 1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco RAFI US 1000 ETF has a trailing yield of 1.37%, which is below the 1.74% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco RAFI US 1000 ETF Grades
Year to date, the ETF has returned 16.0%, 4.2 percentage points better than the category, which translates into a grade of A. The fund has returned 29.8% over the past year (grade of A), 20.3% over the past three years (grade of A) and 13.1% per year over the past five years (grade of A) and 13.8% per year over the past 10 years (grade of A).
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PRF Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PRF Return (NAV) | 1.1% | 14.0% | 29.8% | 20.3% | 13.1% | 13.8% |
| PRF Return (Price) | 1.1% | 14.0% | 29.8% | 20.3% | 13.1% | 13.8% |
| NAV +/- Price Return | 0.018% | -0.006% | 0.017% | 0.012% | -0.004% | 0.005% |
| Large Value Avg | 1.1% | 9.8% | 22.0% | 16.7% | 11.0% | 12.2% |
| PRF Grade (NAV) | C | A | A | A | A | A |
| +/- Category (NAV) | 0.0% | 4.2% | 7.8% | 3.6% | 2.1% | 1.6% |
| PRF Tax-Cost Ratio | na | na | 0.6% | 0.6% | 0.7% | 0.7% |
PRF Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PRF Return (NAV) | 16.0% | 18.4% | 16.7% | 15.6% | -7.7% | 31.1% | 7.7% | 27.5% | -8.6% | 15.9% | 17.2% |
| PRF Return (Price) | 16.0% | 18.3% | 16.7% | 15.7% | -7.8% | 31.1% | 7.8% | 27.4% | -8.7% | 16.0% | 17.3% |
| NAV +/- Price Ret | -0.004% | -0.003% | 0.001% | 0.006% | 0.012% | 0.001% | 0.012% | -0.2% | 1.4% | 0.4% | 0.7% |
| Large Value Avg | 11.9% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| PRF Grade (NAV) | A | A | B | B | D | A | B | C | D | D | B |
| +/- Category | 4.2% | 3.6% | 1.2% | 2.6% | -1.2% | 4.4% | 2.3% | 0.1% | -2.0% | -1.7% | 1.4% |
| Risk Measures | |
| Beta: | 0.84 |
| R-Squared: | 79% |
| Standard Deviation: | 12.4% |
| Category Risk Index: | 1.01 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.02 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 1.4% |
| Total Assets: | $ 9,686 Mil |
| Share Class Assets: | $ 9,686 Mil |
| Turnover: | na |
| Expense Ratio: | 0.34% |
| Index Fund: | Yes |
| Index Tracked: | Russell 3000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 19.1 years | |||
| Average Tenure: 14.3 years | |||
| Managers (Year): Hubbard Peter (2007), Jeanette Michael (2008), Doshi Pratik (2020) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 1002 |
| % in Top 10 Holdings: | 22.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.6% |
Portfolio Allocation |
|
| Domestic Stock: | 99.3% |
| Foreign Stock: | 0.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | December 19, 2005 |
Expenses and Fees
| Expense Ratio (%): | 0.34% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.37% |
