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

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN)

Updated October 16, 2026.

PDN is an ETF. its distribution rate is 4.41%, its trailing-12-month yield is 3.33%, its expense ratio is 0.47%. Dividend Vision Distribution Safety Score™ is 91/100 (Safe). Total return is 185.6% over the past 19.1 years, 419.9 points behind SPY at 605.5%.

This ETF tracks a fundamental-weighted index of approximately 1,500 small and mid-sized companies in developed markets outside the U.S., selected based on book value, cash flow, sales, and shareholder returns. The fund carries a modest expense ratio of 0.47% and makes quarterly distributions, offering a moderate current distribution rate. It appeals to investors seeking international equity exposure with a value-oriented tilt toward smaller companies outside the United States.

PDN performance versus SPY

Price and return data through 2026-10-16.

Total return is 185.6% over the past 19.1 years, 419.9 points behind SPY at 605.5%. Over the past year its total return — price change plus distributions reinvested — is 14.9%. Its deepest 1-year drawdown was 11.3%.

PDN key facts

Distribution Safety Score™

91 · Safe

Safety-Adjusted Yield

4.01%

Issuer

Invesco

Asset type

ETF

Asset class

Equity

Inception date

09/27/2007

Expense ratio

0.47%

Distribution rate

4.41%

Distribution frequency

Quarterly

Trailing yield

3.33%

Last close

$45.43 (as of 2026-10-16)

AUM

$347,741,694

Average volume

8629.0

Dividend

$0.306

Ex-dividend date

09/21/2026

Payment date

09/25/2026

Beta

0.99

How Dividend Vision calculates yield and returns

Distribution rate (4.41%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.33%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Invesco; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PDN risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 11.3%.

Who may consider PDN — and who may not

PDN may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (PDN pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on PDN

• All tickers starting with P

Tagged: Mid Cap, Small Caps, International.

Frequently asked questions

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