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Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO RAFI Dynamic Multi-Factor International Equity ETF

MFDX | ETF

$29.52

$289 M

3.44%

$1.02

0.40%

Vitals

YTD Return

3.8%

1 yr return

4.5%

3 Yr Avg Return

3.4%

5 Yr Avg Return

5.5%

Net Assets

$289 M

Holdings in Top 10

9.3%

52 WEEK LOW AND HIGH

$29.5
$28.47
$32.84

Expenses

OPERATING FEES

Expense Ratio 0.40%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 48.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO RAFI Dynamic Multi-Factor International Equity ETF

MFDX | ETF

$29.52

$289 M

3.44%

$1.02

0.40%

MFDX - Profile

Distributions

  • YTD Total Return 3.8%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 5.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.54%
DIVIDENDS
  • Dividend Yield 3.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PIMCO RAFI Dynamic Multi-Factor International Equity ETF
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Aug 31, 2017
  • Shares Outstanding
    3400000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Thomas Seto

Fund Description

The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities (“Component Securities”) of the RAFI Dynamic Multi-Factor Developed Ex-U.S. Index (the “Underlying Index”). The Fund may invest the remainder of its assets in cash, securities and instruments that are not Component Securities, but which PIMCO believes will help the Fund track its Underlying Index. The Underlying Index is designed to provide long-only exposure to multiple equity factors that seek to produce attractive long-term returns, and which may lower risk compared to less diversified strategies.The Underlying Index is constructed by RAFI Indices, LLC (the “Index Provider”) using a rules-based approach to construct factor portfolios within the Underlying Index. The universe for the Underlying Index construction process starts with all common equity securities traded on primary exchanges, and preferred shares in countries where preferred shares are economically equivalent to common, which meet and pass minimum liquidity and investability (capacity) requirements, issued by companies that are assigned to countries classified by the Index Provider to fall within the following regions, Developed Europe ex-U.K., U.K., Japan and Other Developed Markets. As of September 30, 2024, there are 22 developed market countries (excluding the United States) eligible for inclusion. The Index Provider assigns companies to countries and promulgates that assignment to securities. Eligible securities are then determined by selecting companies based on fundamental weight, calculated using four accounting measures from company financial statements: (i) de-levered sales, calculated as company sales averaged over the past five years multiplied by the ratio of average equity to average assets; (ii) cash flow, taken as the company operating cash flow averaged over the past five years; (iii) dividend plus buybacks, calculated using the average dividends paid and share buybacks over the past five years; and (iv) book value, taken as the most recent company book value. At each annual reconstitution, companies that rank in the top 86% of cumulative fundamental weight within each region constitute the large/mid company universe. Companies that rank in the top 98% by fundamental weight, excluding companies in the top 86%, within each region constitute the small company universe.The Underlying Index consists of “factor portfolios,” each of which emphasizes one of the following factors: value, low volatility, quality, momentum and size. The value factor emphasizes companies with a high ratio of company fundamental weight to its market capitalization weight. The low volatility factor emphasizes companies with low risk measure calculated as the variance of a company’s daily excess return over five years explained by global, local country groups, and global industry excess returns. The quality factor emphasizes companies that are high in profitability and low in investment spending. The momentum factor emphasizes stocks with high momentum. For the value, low volatility and quality “factor portfolios”, eligible securities are ranked by their factor score and the top 25% of companies by fundamental weight are selected for inclusion within that “factor portfolio”. For the momentum “factor portfolio”, eligible securities are ranked by their momentum score and the top 50% of companies by fundamental weight are selected for inclusion. The size factor is the equal weight of the small company portions of the other four factors. A company’s fundamental weight may be adjusted by a “free float factor”, which is the ratio of the total market capitalization of the shares of the company in free float to the total market capitalization of the company. As of September 30, 2024, the Underlying Index consisted of 1,747Component Securities.The Underlying Index dynamically allocates to each factor at each quarterly rebalance. Dynamic allocation starts with an equal weighting to each factor plus an additional weight, which is based on a calculation of a factor’s standard momentum and long-term reversal signal relative to the other factors. Additional weights to a particular factor are capped at a maximum of 15% and minimum of -15% relative to equal weighting.Each factor (other than momentum) is reconstituted annually on the last Friday of March and rebalanced on a quarterly staggered basis on the last Friday of March, June, September and third Friday of December. For example, a single factor will be divided into four identical tranches. At the first quarterly rebalance, the first tranche (i.e., 25% of the factor) is rebalanced, but the remaining three tranches (i.e., the other 75% of the factor) are not rebalanced and will continue to drift until the next quarterly rebalance. At the next quarterly rebalance, the second tranche is rebalanced while the other three tranches (including the tranche that was rebalanced at the prior quarter-end) are not rebalanced. This staggered rebalancing is intended to diversify risk and decrease market impact. The momentum factor, unlike the other factors, is reconstituted and fully rebalanced quarterly. At each quarterly rebalance, trading controls are implemented to minimize turnover.PIMCO uses an indexing approach in managing the Fund’s investments. The Fund employs a representative sampling strategy in seeking to achieve its investment objective. In using this strategy, PIMCO seeks to invest in a combination of Component Securities and other instruments, or in Component Securities but in different proportions as compared to the weighting of the Underlying Index, such that the portfolio effectively provides exposure to the Underlying Index. In using a representative sampling strategy, the Fund may not track its Underlying Index with the same degree of accuracy as a fund that replicates the composition and weighting of the Underlying Index. Unlike many investment companies, the Fund does not attempt to outperform the index the Fund tracks. An indexing approach may eliminate the chance that the Fund will substantially outperform its Underlying Index but also may reduce some of the risks of active management. Indexing seeks to achieve lower costs by keeping portfolio turnover low in comparison to actively managed investment companies.The Fund may invest, without limitation, in equity and equity-related securities, including common and preferred securities. The Fund may also invest in derivative instruments, such as options, futures contracts or swap agreements. The Fund may invest, without limitation, in securities and instruments denominated in foreign currencies and in securities of foreign issuers. The Fund may obtain foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) without limitation.
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MFDX - Performance

Return Ranking - Trailing

Period MFDX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -12.8% 23.5% 50.63%
1 Yr 4.5% -10.8% 28.2% 56.01%
3 Yr 3.4%* -14.5% 45.5% 8.78%
5 Yr 5.5%* -34.2% 73.2% 21.56%
10 Yr N/A* 0.8% 31.8% 88.44%

* Annualized

Return Ranking - Calendar

Period MFDX Return Category Return Low Category Return High Rank in Category (%)
2023 13.8% -1.4% 22.0% 42.30%
2022 -12.8% -43.6% 71.3% 9.13%
2021 7.8% -28.5% 18.9% 27.04%
2020 5.0% -90.1% 992.1% 82.91%
2019 16.4% -1.9% 38.8% 81.35%

Total Return Ranking - Trailing

Period MFDX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -12.8% 23.5% 50.63%
1 Yr 4.5% -10.8% 28.2% 56.01%
3 Yr 3.4%* -14.5% 45.5% 8.78%
5 Yr 5.5%* -34.2% 73.2% 21.56%
10 Yr N/A* 0.8% 31.8% N/A

* Annualized

Total Return Ranking - Calendar

Period MFDX Return Category Return Low Category Return High Rank in Category (%)
2023 17.5% 3.2% 23.8% 32.39%
2022 -10.3% -43.6% 144.8% 8.97%
2021 11.1% -22.6% 56.0% 39.74%
2020 6.9% -89.7% 1010.8% 82.75%
2019 19.9% 4.3% 38.8% 80.99%

MFDX - Holdings

Concentration Analysis

MFDX Category Low Category High MFDX % Rank
Net Assets 289 M 3.3 M 443 B 69.38%
Number of Holdings 1192 1 10481 6.72%
Net Assets in Top 10 26.4 M 1.01 M 47.5 B 88.44%
Weighting of Top 10 9.26% 4.6% 147.7% 99.21%

Top 10 Holdings

  1. NOVO NORDISK A/S B COMMON STOCK DKK.1 1.40%
  2. UNILEVER PLC COMMON STOCK GBP.00031111 1.16%
  3. SAP SE COMMON STOCK 1.01%
  4. ASTRAZENECA PLC COMMON STOCK USD.25 0.88%
  5. ROCHE HOLDING AG GENUSSCHEIN COMMON STOCK 0.87%
  6. ASML HOLDING NV COMMON STOCK EUR.09 0.85%
  7. HITACHI LTD COMMON STOCK 0.82%
  8. ZURICH INSURANCE GROUP AG COMMON STOCK CHF.1 0.76%
  9. NESTLE SA REG COMMON STOCK CHF.1 0.76%
  10. GSK PLC COMMON STOCK GBP.3125 0.74%

Asset Allocation

Weighting Return Low Return High MFDX % Rank
Stocks 		98.48% 0.00% 102.63% 30.31%
Cash 		1.18% 0.00% 44.84% 68.28%
Preferred Stocks 		0.34% -0.05% 6.89% 41.56%
Other 		0.00% -2.12% 47.54% 90.63%
Convertible Bonds 		0.00% 0.00% 4.18% 95.30%
Bonds 		0.00% 0.00% 95.29% 95.31%

Stock Sector Breakdown

Weighting Return Low Return High MFDX % Rank
Industrials 		15.89% 5.17% 99.49% 29.33%
Financial Services 		13.57% 0.00% 47.75% 90.87%
Consumer Cyclical 		11.85% 0.00% 36.36% 20.83%
Consumer Defense 		10.56% 0.00% 32.29% 29.97%
Basic Materials 		8.98% 0.00% 23.86% 33.65%
Energy 		8.36% 0.00% 16.89% 5.29%
Communication Services 		7.85% 0.00% 21.69% 20.99%
Healthcare 		7.62% 0.00% 20.35% 89.58%
Technology 		6.32% 0.00% 36.32% 91.19%
Utilities 		5.69% 0.00% 13.68% 7.37%
Real Estate 		3.30% 0.00% 14.59% 15.06%

Stock Geographic Breakdown

Weighting Return Low Return High MFDX % Rank
Non US 		95.58% 0.00% 99.44% 24.69%
US 		2.90% 0.00% 102.01% 62.34%

MFDX - Expenses

Operational Fees

MFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.40% 0.01% 19.62% 84.66%
Management Fee 0.39% 0.00% 1.65% 21.70%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

MFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 48.00% 2.00% 247.00% 66.37%

MFDX - Distributions

Dividend Yield Analysis

MFDX Category Low Category High MFDX % Rank
Dividend Yield 3.44% 0.00% 17.49% 25.63%

Dividend Distribution Analysis

MFDX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Annual Annual

Net Income Ratio Analysis

MFDX Category Low Category High MFDX % Rank
Net Income Ratio 2.54% -0.93% 6.38% 16.03%

Capital Gain Distribution Analysis

MFDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

MFDX - Fund Manager Analysis

Managers

Thomas Seto

Start Date

Tenure

Tenure Rank

Aug 31, 2017

4.75

4.8%

Thomas is responsible for all portfolio management and trading related to our equity strategies. Prior to joining Parametric in 1998, Thomas served as the head of US Equity Index investments at Barclays Global Investors. He earned an MBA in finance from the University of Chicago Booth School of Business and a BS in electrical engineering from the University of Washington.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.32 3.25

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