Objective
The Invesco FTSE RAFI US 1500 Small-Mid Portfolio seeks investment results that generally correspond (before fees and expenses) to the price and yield of the FTSE RAFI US 1500 Mid-Small Index.
The FTSE RAFI US 1500 Small-Mid Index is designed to track the performance of small and medium-sized US companies. Companies in the index are selected based on the following four fundamental measures of size: book value, cash flow, sales and dividends. Each of the equities with a fundamental size ranking of 1,001 to 2,500 in the universe of 3,000 is then selected and assigned a weight equal to its fundamental value. The Portfolio and the Index are reconstituted annually.
Strategy
The portfolio offers exposure to small- and medium-sized US companies, selected based on four fundamental measures of firm size.
- Focus on fundamentals. The holdings in the portfolio are weighted on four fundamental measures of company size: book value, cash flow, sales and dividends. This is in contrast to traditional market-cap weighted indexes, which focus solely on price.
- Disciplined rebalancing process. Through disciplined rebalancing, the portfolio severs the link between a stock's price and its weight in the portfolio. This approach helps reduce the potential performance drag that can be caused by overweighting overvalued securities and underweighting undervalued securities.
- Small- and mid-cap exposure. The portfolio offers exposure to small- and medium–sized US companies across growth, value and blend styles.
as of
12/31/2020
12/31/2020
Average Annual Returns (%)
| Incept. Date |
Max Load (%) |
Since Incept. (%) |
YTD (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) | |
|---|---|---|---|---|---|---|---|---|
| NAV | 07/08/2016 | N/A | 10.45 | 11.74 | 11.74 | 6.13 | N/A | N/A |
| Load | 07/08/2016 | 4.00 | 9.44 | 7.29 | 7.29 | 4.70 | N/A | N/A |
| NAV | 07/08/2016 | N/A | 10.45 | 11.74 | 11.74 | 6.13 | N/A | N/A |
| Load | 07/08/2016 | 4.00 | 9.44 | 7.29 | 7.29 | 4.70 | N/A | N/A |
The performance quoted is past performance and is not a guarantee of future results. Investment returns and principal value of an investment will fluctuate so that an account owner’s units, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the
performance data shown. Performance figures reflect reinvested distributions of the underlying security/securities and changes in net asset value (NAV). Class A Unit performance at load is shown at the maximum sales charge. Performance shown at NAV does not include applicable CDSC or front-end sales charges, which would have reduced the performance. Returns less than one year are cumulative; all others are annualized.
as of 12/31/2020 12/31/2020
Annualized Benchmark Returns
| Index Name | 1 Mo (%) | 3 Mo (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) |
|---|---|---|---|---|---|---|
| Russell 2000 IX Tr | 8.65 | 31.37 | 19.96 | 10.25 | 13.26 | 11.20 |
| Russell 2000 IX Tr | 8.65 | 31.37 | 19.96 | 10.25 | 13.26 | 11.20 |
Source: RIMES Technologies Corp.
An investment cannot be made directly in an index.
Historical Prices
No history records found for this date range
| Date | Net Asset Value ($) | Public Offering Price ($) |
|---|---|---|
| {{histTableData.rateDate | date : 'MM/dd/yyyy'}} | {{histTableData.netAssetValue | numberValue}} | {{histTableData.offeringPrice | numberValue}} |
as of 12/31/2020
Portfolio Holdings
| % of Holdings | |
|---|---|
| Invesco FTSE RAFI US 1500 Small-Mid ETF | 98.25 |
| Cash or Equivalents | 1.75 |
May not equal 100% due to rounding.
The CollegeBound 529 Invesco FTSE RAFI US 1500 Small-Mid Portfolio invests in the Invesco FTSE RAFI US 1500 Small-Mid Portfolio ETF (PRFZ). The data below is that of the underlying ETF.
as of 12/31/2020
Sector Allocation
| Holdings | % of Total Net Assets |
|---|---|
| Industrials | 18.05 |
| Information Technology | 16.29 |
| Financials | 16.09 |
| Consumer Discretionary | 15.76 |
| Health Care | 10.64 |
| Materials | 6.07 |
| Real Estate | 5.00 |
| Energy | 4.03 |
| Communication Services | 3.95 |
| Consumer Staples | 2.93 |
| Utilities | 1.20 |
| 0.00 |
May not equal 100% due to rounding.
as of 12/31/2020
Market Cap & Style Allocations
| Large-Cap Value | 0.30 |
| Large-Cap Blend | 0.43 |
| Large-Cap Growth | 2.13 |
| Mid-Cap Value | 0.52 |
| Mid-Cap Blend | 3.45 |
| Mid-Cap Growth | 9.62 |
| Small-Cap Value | 29.88 |
| Small-Cap Blend | 39.45 |
| Small-Cap Growth | 14.21 |
May not equal 100% due to rounding.
as of 12/31/2020
Top Holdings | View all
| % of Total Assets | |
|---|---|
| Cleveland-Cliffs Inc | 0.37 |
| Generac Holdings Inc | 0.32 |
| IDEXX Laboratories Inc | 0.30 |
| BMC Stock Holdings Inc | 0.30 |
| West Pharmaceutical Services I | 0.29 |
| Vista Outdoor Inc | 0.29 |
| Allscripts Healthcare Solution | 0.28 |
| IPG Photonics Corp | 0.28 |
| Renewable Energy Group Inc | 0.28 |
| Moderna Inc | 0.28 |
May not equal 100% due to rounding.
Holdings are subject to change and are not buy/sell recommendations.
Fund Documents
Materials & Resources
About risk
Risks of the Underlying Holding
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. The underlying ETF's return may not match the return of the ETF's Underlying Index. The underlying ETF is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the underlying ETF.
Investments focused in a particular industry or sector are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.
The Portfolio is subject to certain other risks. Please see the current Program Description for more information regarding the risks associated with an investment in the Portfolio.
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. The underlying ETF's return may not match the return of the ETF's Underlying Index. The underlying ETF is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the underlying ETF.
Investments focused in a particular industry or sector are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.
The Portfolio is subject to certain other risks. Please see the current Program Description for more information regarding the risks associated with an investment in the Portfolio.
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(529-NAT) Invesco FTSE RAFI US 1500 Small-Mid ETF commentary
28 Oct 2020
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