CI INVESCO RAFI GLOBAL SMALL-MID ETF (CAD, PZW.F) PZW.F.CA

CI Invesco RAFI Global Small-Mid ETF seeks to generate long-term capital growth by providing exposure to small- and medium-sized companies in developed markets around the world. It does this by investing in two underlying ETFs: one that tracks the RAFI Fundamental Select US 1500 Index and the other that tracks the RAFI Fundamental Select Developed ex-U.S. 1500 Index.

The indices used employ a fundamentally weighted methodology developed by Research Affiliates, LLC. Securities are selected from the RAFI Global Equity Investable Universe, which includes common shares traded on primary exchanges in developed and emerging markets (along with preferred shares in certain countries).

Eligible securities must meet minimum liquidity and capacity requirements. Weighting is determined by four fundamental measures of company size: adjusted sales, adjusted cash flow, dividends plus buybacks, and book value plus intangibles.

The fund is index-tracking (not actively managed) and maintains a target allocation of approximately 50% to each of its two underlying ETFs. It rebalances between those underlying holdings if either diverges beyond defined thresholds.

The vehicle is an exchange-traded fund offered in Canada, originally managed by Invesco and now managed by CI Global Asset Management as of June 1, 2026, with unchanged investment objectives and strategies.