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PIMCO RAFI Dynamic Multi-Factor Emerging Market Equity ETF (MFEM) Profile

Updated May 1, 2024
The PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF tracks an index of emerging-market companies that are selected and weighted by a combination of fundamental and technical factors.

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Fund Profile for PIMCO RAFI Dynamic Multi-Factor Emerging Market Equity ETF (MFEM)

The PIMCO RAFI Dynamic Multi-Factor Emerging Market Equity ETF (MFEM) ETF has the following static details:

PIMCO RAFI Dynamic Multi-Factor Emerging Market Equity ETF Details
ETF TickerMFEM
ETF NamePIMCO RAFI Dynamic Multi-Factor Emerging Market Equity ETF
Primary Asset ClassEquity
Primary CategoryEmerging Markets Equities
Launch Date31-Aug-2017
IssuerPIMCO
No. of Holdings540 - Full List of Holdings
Leveraged ETF?No
Secondary Category/Asset ClassMembers Only! Login / Register to view
Other Categories:Members Only! Login / Register to view
RegionMembers Only! Login / Register to view
Sub-regionMembers Only! Login / Register to view
Investment StrategyMembers Only! Login / Register to view
Underlying IndexMembers Only! Login / Register to view

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 charges a reasonable fee for its methodology, though market-weighted alternatives are available for a fraction of the price.

Trading Details for PIMCO RAFI Dynamic Multi-Factor Emerging Market Equity ETF (MFEM)


The PIMCO RAFI Dynamic Multi-Factor Emerging Market Equity ETF (MFEM) ETF trades with the following key details for trading and market data as of writing date May 1, 2024:

Trading Details of MFEM
Expense Ratio (%)0.49%
Dividend FrequencyQuarterly
52-week Price Range$16.91 - $19.75
Per ETF Share Price$19.53
Other Similar or Competitor ETFsGEM, FEM, FLQE, QEMM, EMGF
Commission-Free AvailabilityNA

List of Similar ETFs

- Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM)
- First Trust Emerging Markets AlphaDEX Fund (FEM)
- SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM)
- iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF)

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