Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN)

Market Cap: $448M

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

3% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 29

7% less funds holding

Funds holding: 100 [Q1] → 93 (-7) [Q2]

8% less capital invested

Capital invested by funds: $389M [Q1] → $357M (-$31.9M) [Q2]

39% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 18

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

126.11% less ownership

Funds ownership: 199.02% [Q1] → 72.91% (-126.11%) [Q2]