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
$ 123.7 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
| HON HAI PRECISION INDUSTRY | 1.8 % |
| HYUNDAI MOTOR CO | 1.6 % |
| KOREA ELECTRIC POWER CORP | 1.4 % |
| DELTA ELECTRONICS INC | 1.4 % |
| SAMSUNG ELECTRONICS CO LTD | 1.3 % |
| HYNIX SEMICONDUCTOR INC | 1.3 % |
| NETEASE, INC | 1.2 % |
| POSCO | 1.1 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 1.0 % |
| CHINA HONGQIAO GROUP LTD | 1.0 % |
Constituent Breakdown
| Number of holdings | 714 |
| Herfindahl-Hirschman Index | 45 |
| Wgt avg mkt cap (mns) | $59,401 |
| Large cap (>$10bn) | 58.3% |
| Mid cap ($2-10bn) | 25.5% |
| Small cap (<$2bn) | 3.2% |
| Developed mkts. | 3.5% |
| Emerging mkts. | 85.3% |
Sector Breakdown
Country Exposure
 |
CHINA | 24.3 % |
 |
SOUTH KOREA | 18.1 % |
 |
TAIWAN | 15.2 % |
 |
INDIA | 6.4 % |
 |
BRAZIL | 5.6 % |
 |
SOUTH AFRICA | 4.3 % |
 |
HONG KONG | 3.0 % |
 |
THAILAND | 2.6 % |
 |
MALAYSIA | 1.5 % |
 |
MEXICO | 1.4 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 20.1% | 47.8% | 20.2% | 16.1% | -0.5% | -- | -- | 1.2% |
| Dividend Yield | 0.0% | 4.1% | 5.1% | 4.9% | 9.5% | -- | -- | 6.5% |
| Total Returns | 20.1% | 51.9% | 25.3% | 21.1% | 9.0% | -- | -- | 7.8% | Ann. Volatility | 17.5% | 16.2% | 15.2% | 14.6% | 15.8% | -- | -- | 19.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.58 | 48% |
| MSCI EAFE | 0.79 | 63% |
| MSCI Emg Mkts | 0.86 | 91% |
Liquidity Measures
| Avg. volume (000) | 19 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| 30d moving avg. (EMA) | $26.14 |
| Relative strength (RSI) | 71 |
| MACD/Signal | 0.75/0.68 |
| Bollinger Bands (Upper/Lower) | $28.13/$24.80 |
| Short interest (% of AUM) | 0.2% |
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 | 42.1% | -1 bp | +0.3% |
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 40.6% | -1 bp | +5.3% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 37.7% | -11 bp | +5.4% |
| ECON | Columbia Emerging Markets Consumer ETF | 36.7% | -1 bp | -0.3% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 36.3% | +16 bp | +0.1% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 36.0% | -35 bp | +0.9% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 36.0% | -39 bp | +0.6% |
| QEMM | SPDR MSCI Emerging Markets StrategicFactors ETF | 35.6% | -20 bp | +0.4% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 34.8% | -14 bp | +0.4% |
| ROAM | Hartford Multifactor Emerging Markets ETF | 34.8% | -6 bp | +0.3% |
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 3/9/2026
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
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
8.9%
ALTAR SCORE™
64th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 196 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.1% and a standard deviation
of 2.4%. MFEM's ALTAR Score™ is approximately 0.4 standard
deviations above the category average. This places MFEM in the 64th percentile
among funds in the category.
Sell-Side Consensus
$29.77
PRICE TARGET
+18.4%
UPSIDE