MFEMPIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF
MFEM Fund Description
MFEM tracks an index of emerging-market companies that are selected and weighted by a combination of fundamental and technical factors.
MFEM Factset Analytics Insight
MFEM aims for increased exposure to outperforming investment factors in the emerging-market space. The methodology calculates a “fundamental weight”—a stand-in for market-cap—for each security in its universe, using four fundamental metrics: current book value, and the last five years of de-levered sales, cash flow, and dividends plus buybacks. Each security is also scored on five investment factors: value, low volatility, quality, momentum, and size. These factors are used to create five sub-portfolios within the fund, with each stock potentially appearing in multiple sub-portfolios. For the value, quality, and low volatility portfolios, stocks are ranked by the factor score and the top 25% by fundamental weight are selected. The momentum portfolio selects the top 50%. The size portfolio includes all of the small-cap firms from the other portfolios. All sub-portfolios are weighted by fundamental weight. The factor portfolios are equal-weighted to start, with the weights then adjusted based on momentum and long-term reversal signals. The index uses a rolling rebalance, only rebalancing 25% of each sub-portfolio every quarter.
MFEM MSCI ESG Analytics Insight
PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has an MSCI ESG Fund Rating of BB based on a score of 4.39 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF ranks in the 15th percentile within its peer group and in the 9th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
MFEM Summary Data
MFEM Portfolio Data
MFEM Index Data
MFEM Portfolio Management
MFEM Tax Exposures
MFEM Fund Structure
MFEM Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MFEM. MFEM is rated a 1 out of 5.
MFEM Sector/Industry Breakdown
MFEM Economic Development
MFEM Performance Statistics
MFEM MSCI ESG Ratings
MFEM Benchmark Comparison Summary
MFEM Benchmark Comparison Market Cap Size