MFEM
PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF
The PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF is a smart beta strategy that seeks to track the investment results of the RAFI Dynamic Multi-Factor Emerging Markets Index, wchih provides dynamically-weighted exposure to multiple equity factors, including value, quality, low volatility and momentum.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 144.8 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Inception date | Aug 31, 2017 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ADVANCED SEMICONDUCTOR ENGR | 2.7 % |
| MEDIATEK INC | 2.6 % |
| NAN YA PLASTICS CORP | 2.4 % |
| DELTA ELECTRONICS INC | 1.8 % |
| SAMSUNG ELECTRO-MECHANICS CO | 1.6 % |
| HYUNDAI MOTOR CO | 1.6 % |
| PETROBRAS - PETROLEO BRAS-PR | 1.6 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 1.3 % |
| HON HAI PRECISION INDUSTRY | 1.3 % |
| LENOVO GROUP LTD | 1.3 % |
Constituent Breakdown
| Number of holdings | 682 |
| Herfindahl-Hirschman Index | 73 |
| Wgt avg mkt cap (mns) | $94,728 |
| Large cap (>$10bn) | 68.8% |
| Mid cap ($2-10bn) | 18.6% |
| Small cap (<$2bn) | 2.4% |
| Developed mkts. | 4.6% |
| Emerging mkts. | 87.8% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 31.0 % |
 |
CHINA | 21.2 % |
 |
SOUTH KOREA | 15.5 % |
 |
BRAZIL | 4.1 % |
 |
INDIA | 3.8 % |
 |
HONG KONG | 3.7 % |
 |
THAILAND | 3.7 % |
 |
SOUTH AFRICA | 2.2 % |
 |
MEXICO | 1.2 % |
 |
MALAYSIA | 1.1 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 23.6% | 26.9% | 16.0% | 16.4% | -0.6% | -- | -- | 1.5% |
| Dividend Yield | 1.6% | 3.3% | 4.8% | 4.7% | 9.7% | -- | -- | 6.3% |
| Total Returns | 25.2% | 30.2% | 20.8% | 21.1% | 9.1% | -- | -- | 7.8% | Ann. Volatility | 26.3% | 23.6% | 20.0% | 18.2% | 17.5% | -- | -- | 19.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.34 | 54% |
| MSCI EAFE | 1.18 | 63% |
| MSCI Emg Mkts | 0.87 | 89% |
Liquidity Measures
| Avg. volume (000) | 8 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| 30d moving avg. (EMA) | $27.71 |
| Relative strength (RSI) | 40 |
| MACD/Signal | -0.48/-0.35 |
| Bollinger Bands (Upper/Lower) | $29.65/$25.92 |
| Short interest (% of AUM) | 0.6% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MFEM |
Expenses vs. MFEM |
ALTAR Score™ vs. MFEM |
|---|---|---|---|---|
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 42.2% | -3 bp | +4.9% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 41.6% | +8 bp | +1.9% |
| ECON | Columbia Emerging Markets Consumer ETF | 38.0% | -1 bp | +0.2% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 37.4% | -11 bp | +5.6% |
| QEMM | SPDR MSCI Emerging Markets StrategicFactors ETF | 36.5% | -20 bp | -0.1% |
| DFEV | Dimensional Emerging Markets Value ETF | 35.0% | -4 bp | +1.4% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 33.4% | -39 bp | +1.8% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 33.3% | -35 bp | +1.7% |
| EMGF | iShares Emerging Markets Equity Factor ETF | 32.9% | -24 bp | +1.7% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 32.6% | -21 bp | -2.2% |
Risk and Returns: MFEM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/4/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
8.0%
ALTAR SCORE™
48th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 212 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.1% and a standard deviation
of 2.3%. MFEM's ALTAR Score™ is approximately -0.1 standard
deviations above the category average. This places MFEM in the 48th percentile
among funds in the category.
Sell-Side Consensus
$34.71
PRICE TARGET
+34.5%
UPSIDE