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
$ 148.5 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
| HYUNDAI MOTOR CO | 3.0 % |
| DELTA ELECTRONICS INC | 2.9 % |
| SAMSUNG ELECTRONICS CO LTD | 2.1 % |
| MEDIATEK INC | 1.7 % |
| HON HAI PRECISION INDUSTRY | 1.7 % |
| ADVANCED SEMICONDUCTOR ENGR | 1.6 % |
| HYUNDAI MOBIS | 1.5 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 1.4 % |
| LENOVO GROUP LTD | 1.3 % |
| HYNIX SEMICONDUCTOR INC | 1.2 % |
Constituent Breakdown
| Number of holdings | 745 |
| Herfindahl-Hirschman Index | 55 |
| Wgt avg mkt cap (mns) | $59,401 |
| Large cap (>$10bn) | 66.3% |
| Mid cap ($2-10bn) | 21.8% |
| Small cap (<$2bn) | 3.2% |
| Developed mkts. | 4.3% |
| Emerging mkts. | 88.9% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 23.0 % |
 |
SOUTH KOREA | 22.7 % |
 |
CHINA | 19.8 % |
 |
BRAZIL | 5.5 % |
 |
INDIA | 4.5 % |
 |
HONG KONG | 3.6 % |
 |
SOUTH AFRICA | 3.0 % |
 |
THAILAND | 2.3 % |
 |
MEXICO | 1.8 % |
 |
MALAYSIA | 1.2 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 22.1% | 33.4% | 17.5% | 14.9% | -1.8% | -- | -- | 1.4% |
| Dividend Yield | 0.7% | 3.8% | 5.0% | 5.0% | 9.5% | -- | -- | 6.4% |
| Total Returns | 22.8% | 37.3% | 22.5% | 19.9% | 7.7% | -- | -- | 7.8% | Ann. Volatility | 28.2% | 21.5% | 19.4% | 17.6% | 17.2% | -- | -- | 19.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.25 | 52% |
| MSCI EAFE | 1.09 | 62% |
| MSCI Emg Mkts | 0.89 | 90% |
Liquidity Measures
| Avg. volume (000) | 41 |
| ADV traded (mns) | $1 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.22% |
Technical Indicators
| 30d moving avg. (EMA) | $28.21 |
| Relative strength (RSI) | 48 |
| MACD/Signal | -0.24/-0.07 |
| Bollinger Bands (Upper/Lower) | $29.83/$26.76 |
| Short interest (% of AUM) | 0.2% |
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 |
|---|---|---|---|---|
| JHEM | John Hancock Multifactor Emerging Markets ETF | 44.2% | -1 bp | +0.1% |
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 42.3% | -1 bp | +5.9% |
| ECON | Columbia Emerging Markets Consumer ETF | 39.9% | -1 bp | -0.4% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 37.6% | -11 bp | +6.8% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 36.1% | -39 bp | +1.0% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 35.3% | -35 bp | +0.5% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 35.0% | -14 bp | +0.0% |
| QEMM | SPDR MSCI Emerging Markets StrategicFactors ETF | 34.9% | -20 bp | +0.0% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 34.3% | +16 bp | +0.3% |
| DFAE | Dimensional Emerging Core Equity Market ETF | 34.2% | -15 bp | +0.1% |
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 7/7/2026
Peer Group Comparison
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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
8.1%
ALTAR SCORE™
61st
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 206 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.5% and a standard deviation
of 2.3%. MFEM's ALTAR Score™ is approximately 0.3 standard
deviations above the category average. This places MFEM in the 61st percentile
among funds in the category.
Sell-Side Consensus
$31.71
PRICE TARGET
+13.6%
UPSIDE