Is Invesco RAFI US 1000 ETF (PRF) a Strong ETF Right Now?

Core Viewpoint - The Invesco RAFI US 1000 ETF (PRF) is a smart beta ETF that aims to provide broad exposure to the large-cap value segment of the market, managed by Invesco with over $8.09 billion in assets [5][10]. Fund Overview - Launched on December 19, 2005, PRF seeks to match the performance of the FTSE RAFI US 1000 Index, which selects large US equities based on fundamental measures such as book value, cash flow, sales, and dividends [5]. - The ETF has an annual operating expense ratio of 0.33% and a 12-month trailing dividend yield of 1.69% [6]. Sector Exposure and Holdings - The ETF has a significant allocation in the Financials sector, comprising approximately 20.8% of the portfolio, followed by Information Technology and Healthcare [7]. - Major holdings include Apple Inc (3.2% of total assets), Alphabet Inc, and Microsoft Corp, with the top 10 holdings accounting for about 20.84% of total assets [8]. Performance Metrics - As of August 28, 2025, PRF has gained approximately 10.72% year-to-date and 12.96% over the past year, with a trading range between $35.77 and $44.30 in the last 52 weeks [10]. - The ETF has a beta of 0.91 and a standard deviation of 14.94% over the trailing three-year period, indicating medium risk [10]. Alternatives - Other ETFs in the large-cap value space include Schwab U.S. Dividend Equity ETF (SCHD) and Vanguard Value ETF (VTV), which have significantly larger assets and lower expense ratios [12].