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.


Rules-Based, Diverse

MANAGEMENT MATRIX

FNDE

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorPIMCO
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateAug 31, 2017
Assets (mns)$120
Expense ratio49 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
INFOSYS TECHNOLOGIES-SP ADR 3.7 %
GAZPROM OAO 2.8 %
TAIWAN SEMICONDUCTOR MANUFAC 1.8 %
HYUNDAI MOTOR CO 1.8 %
KIA MOTORS CORPORATION 1.5 %
MEDIATEK INC 1.5 %
LUKOIL OAO 1.5 %
VALE SA 1.5 %
SK ENERGY CO LTD 1.4 %
INNOLUX DISPLAY CORPORATION 1.3 %
Constituent Breakdown
Number of holdings606
Herfindahl-Hirschman Index 69
Wgt avg mkt cap (mns)$36,755
Large cap (>$10bn)61.4%
Mid cap ($2-10bn)31.3%
Small cap (<$2bn)4.1%
Developed mkts.4.7%
Emerging mkts.94.4%
Country Exposure
TAIWAN 19.4 %
SOUTH KOREA 19.2 %
RUSSIA 9.2 %
INDIA 8.6 %
CHINA 8.3 %
BRAZIL 5.8 %
SOUTH AFRICA 3.9 %
THAILAND 3.6 %
HONG KONG 3.4 %
MEXICO 2.2 %
Historical Performance


Standardized Annual Returns (as of 10/31/2021)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
10.3% 34.9% 14.5% 12.7% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.8364%
MSCI EAFE0.9678%
MSCI Emg Mkts0.9291%
Liquidity Measures
Avg. volume (000)59
Turnover1.4%
Avg. Bid/Ask (% of price)0.12%
ADV of underlying (mns)$27,186
Technical Indicators
Recent close$27.84
30d moving avg.$29.32
Annualized volatility19.1%
Relative strength (RSI)36
Short interest (ETF)0.1%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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
  2016 2017 2018 2019 2020 2021E 2022E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2020 2021E Fwd Est 2022E
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 --%
0.5 8.0 0.9 5.3% --
Based on closing prices from 11/26/2021
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
MFEM



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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

MFEM

9.5%

Cat. Avg

8.3%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™9.5%
Recommendation

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

Category Overview
There are 172 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 8.3% and a standard deviation of 4.8%. MFEM's ALTAR Score™ is approximately 0.3 standard deviations above the category average. This places MFEM in the 60th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
MFEM
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
Update
Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
MFEM 49.0 11.7 60.7
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.