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
98.7 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | PIMCO |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 31, 2017 |
| Assets (mns) | $99 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| HON HAI PRECISION INDUSTRY | 2.2 % |
| MEDIATEK INC | 1.8 % |
| INFOSYS TECHNOLOGIES LTD | 1.3 % |
| QUANTA COMPUTER INC | 1.2 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 1.2 % |
| BANK OF CHINA LTD - H | 1.0 % |
| HYUNDAI MOTOR CO | 1.0 % |
| TATA CONSULTANCY SVS LTD | 1.0 % |
| IND & COMM BK OF CHINA - H | 0.9 % |
| CHINA CONSTRUCTION BANK-H | 0.9 % |
Constituent Breakdown
| Number of holdings | 784 |
| Herfindahl-Hirschman Index | 41 |
| Wgt avg mkt cap (mns) | $54,148 |
| Large cap (>$10bn) | 64.6% |
| Mid cap ($2-10bn) | 30.6% |
| Small cap (<$2bn) | 4.1% |
| Developed mkts. | 4.9% |
| Emerging mkts. | 95.0% |
Country Exposure
 |
CHINA | 24.9 % |
 |
TAIWAN | 18.8 % |
 |
INDIA | 13.8 % |
 |
SOUTH KOREA | 10.3 % |
 |
BRAZIL | 4.2 % |
 |
HONG KONG | 3.1 % |
 |
SOUTH AFRICA | 2.7 % |
 |
THAILAND | 2.7 % |
 |
SAUDI ARABIA | 2.6 % |
 |
MALAYSIA | 2.2 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.0% | -2.6% | 2.2% | -1.5% | -0.1% | -- | -- | -3.5% |
| Dividend Yield | 0.0% | 2.8% | 3.7% | 4.8% | 8.8% | -- | -- | 6.3% |
| Total Returns | 0.0% | 0.2% | 5.9% | 3.3% | 8.8% | -- | -- | 2.8% | Ann. Volatility | 20.3% | 17.1% | 15.2% | 15.7% | 17.1% | -- | -- | 19.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.70 | 51% |
| MSCI EAFE | 0.81 | 73% |
| MSCI Emg Mkts | 0.92 | 93% |
Liquidity Measures
| Avg. volume (000) | 16 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $23,610 |
Technical Indicators
| Recent close | $19.01 |
| 30d moving avg. | $18.69 |
| Annualized volatility | 16.2% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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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 | 44.9% | -1 bp | -1.4% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 41.0% | -11 bp | +5.4% |
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 40.4% | -1 bp | +5.0% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 38.8% | -35 bp | -3.7% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 38.6% | -35 bp | -1.3% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 38.5% | -39 bp | -1.4% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 38.1% | +16 bp | -1.7% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 37.6% | -5 bp | -0.9% |
| QEMM | SPDR MSCI Emerging Markets StrategicFactors ETF | 37.5% | -20 bp | -1.9% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 37.4% | -14 bp | -1.7% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 4/30/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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 Rating
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.
ALTAR Score™
MFEM
12.1%
Cat. Avg
10.2%
ALTAR Score™ Calculation
Category Overview
There are 153 funds in the Emerging Equity category, with an average ALTAR Score™
of 10.2% and a standard deviation of
3.9%. MFEM's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places MFEM in the 69th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MFEMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| MFEM (50 bp) Percentile rank | 31 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| MFEM | 50.0 | 16.1 | 66.1 |
| Peer Avg. | 49.6 | 28.0 | 77.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .