Invesco FTSE RAFI Canadian Small-Mid Index ETF

PZC is a passively managed fund that tracks an index of small- and mid-cap Canadian stocks taken from the FTSE RAFI Canada Mid-Small Index. The components are weighted using four fundamental factors, mainly dividends (total dividend distributions averaged over the last five years), cash flow, sales (over the prior five years), and book value of assets. A composite fundamental value is given to each company by taking the average weighting of each fundamental measure and adding them together. Components are then ranked based on their composite fundamental value over the companys free-float adjusted market capitalisation. Reconstitution and rebalancing are done annually.