Overview
The original fundamental-index ETF — 1,000 US companies weighted by book value, cash flow, sales and dividends rather than market price.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| AAPL | Apple Inc. | 3.9% |
| MSFT | Microsoft Corp. | 3.1% |
| XOM | Exxon Mobil | 2.5% |
| GOOGL | Alphabet Inc. A | 2.4% |
| BRK.B | Berkshire Hathaway | 2.3% |
| AMZN | Amazon.com Inc. | 2.2% |
| JPM | JPMorgan Chase | 2.0% |
| NVDA | NVIDIA Corp. | 1.9% |
| CVX | Chevron Corp. | 1.4% |
| WMT | Walmart Inc. | 1.3% |
Fund Details
Investment Thesis
PRF launched Rob Arnott's fundamental-indexing revolution in 2005: if prices can be wrong, weighting by price guarantees you overweight every bubble. Two decades on, the fund has compounded through multiple cycles with a persistent value tilt that pays off whenever markets mean-revert — including a +26% trailing year. It is the intellectual ancestor of FNDX at a slightly higher fee, with the longest live track record in the category.
Who It's For
Investors who want the original, battle-tested fundamental index with a 20-year live record. Suits sceptics of cap-weighting who still want to own essentially the whole large-cap market.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $16.97 | -- |
| 2017 | $19.86 | +17.0% |
| 2018 | $18.07 | -9.0% |
| 2019 | $22.77 | +26.0% |
| 2020 | $24.82 | +9.0% |
| 2021 | $31.52 | +27.0% |
| 2022 | $28.68 | -9.0% |
| 2023 | $33.27 | +16.0% |
| 2024 | $38.60 | +16.0% |
| 2025 | $44.00 | +14.0% |
| Year | Yield |
|---|---|
| 2016 | 1.80% |
| 2017 | 1.70% |
| 2018 | 2.00% |
| 2019 | 1.80% |
| 2020 | 1.70% |
| 2021 | 1.40% |
| 2022 | 1.70% |
| 2023 | 1.60% |
| 2024 | 1.50% |
| 2025 | 1.40% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $4.4B | -- |
| 2017 | $5.3B | +20.5% |
| 2018 | $4.8B | -9.4% |
| 2019 | $5.8B | +20.8% |
| 2020 | $6B | +3.4% |
| 2021 | $7.5B | +25.0% |
| 2022 | $7B | -6.7% |
| 2023 | $8B | +14.3% |
| 2024 | $9B | +12.5% |
| 2025 | $9.5B | +5.6% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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