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
118.6 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) | $119 |
| 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 | 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 | 54 |
| Wgt avg mkt cap (mns) | $62,954 |
| Large cap (>$10bn) | 68.1% |
| Mid cap ($2-10bn) | 28.1% |
| Small cap (<$2bn) | 4.1% |
| Developed mkts. | 4.1% |
| Emerging mkts. | 98.5% |
Country Exposure
 |
CHINA | 24.3 % |
 |
SOUTH KOREA | 18.1 % |
 |
TAIWAN | 14.9 % |
 |
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 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 21.6% | 21.6% | 9.8% | 10.0% | -3.1% | -- | -- | -0.9% |
| Dividend Yield | 3.4% | 3.4% | 4.6% | 4.7% | 9.2% | -- | -- | 6.5% |
| Total Returns | 25.0% | 25.0% | 14.4% | 14.6% | 6.1% | -- | -- | 5.6% | Ann. Volatility | 15.2% | 15.2% | 14.8% | 14.3% | 16.0% | -- | -- | 19.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.57 | 53% |
| MSCI EAFE | 0.76 | 66% |
| MSCI Emg Mkts | 0.84 | 92% |
Liquidity Measures
| Avg. volume (000) | 8 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.11% |
Technical Indicators
| 30d moving avg. (EMA) | $23.20 |
| Relative strength (RSI) | 62 |
| MACD/Signal | 0.29/0.21 |
| Bollinger Bands (Upper/Lower) | $24.12/$22.29 |
| Short interest (% of AUM) | 0.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
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 | +9.0% |
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 40.6% | -1 bp | +14.1% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 37.8% | -11 bp | +14.1% |
| ECON | Columbia Emerging Markets Consumer ETF | 36.7% | -1 bp | +8.2% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 36.3% | +16 bp | +8.7% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 36.0% | -35 bp | +9.4% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 36.0% | -39 bp | +9.2% |
| QEMM | SPDR MSCI Emerging Markets StrategicFactors ETF | 35.4% | -20 bp | +8.8% |
| EEM | iShares MSCI Emerging Markets ETF | 35.2% | +19 bp | +9.2% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 34.8% | -14 bp | +9.0% |
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
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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 1/11/2026
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
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
8.8%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 136 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.5%. MFEM's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places MFEM in the 66th 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