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MFDX

GradeCNew York Stock Exchange Arca

PIMCO RAFI Dynamic Multi-Factor International Equity ETF

Factor & Screened Index · PIMCO · Inception 2017-08-31 · SEC filings

$41.88−0.57 (−1.34%)

As of Sep 23, 2026, 3:09 PM EDT

Intraday session: down, 36 prints from 42.45 to 41.88. Range 41.78 to 42.13. Use the arrow keys to read each point.$41.80$42.00$42.1010 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$468M
1Y return
+18.1%
Yield · Last 12 months
2.85%
Holdings
1209
Volume · 30D
0M sh
NAV per share
$42.23
52W range
low $36.33high $43.40

The ETF.net MFDX Grade

C

50/ 100

Rank 15 of 30 in International Multifactor⁠

Confidence Medium

Six-pillar profile for MFDX. Scores out of 100: Cost 38, Risk 55, Mission not scored, Tradability 38, Holdings 100, Durability 55. Strongest: Holdings (100). Weakest: Tradability (38). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 50 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 38
    Category rank19/30 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 55
    Category rank12/30 · top 40%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 38
    Category rank21/30 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 100
    Category rank1/30 · top 3%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 55
    Category rank18/30 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on MFDX

ETF.net Research

CPIMCO's answer to the plain international index fund: one Research Affiliates multi-factor benchmark covering roughly 1,200 developed-market stocks outside the US, in a single ticker instead of four style funds bolted together.

Stated mandate

The Fund seeks to track the investment results of the RAFI Dynamic Multi-Factor Developed Ex-U.S. Index.

Why people hold it

  1. 01Breadth is the standout. Roughly 1,200 developed-market names outside the US, one of the most broadly diversified portfolios in its multi-factor peer group.
  2. 02One wrapper, several factors. The RAFI Dynamic Multi-Factor Developed Ex-U.S. Index is the only benchmark, so the factor mix arrives without stacking separate style ETFs.
  3. 03Live since 2017, giving it a real multi-year record through several market moods rather than a backtest and a launch party.
  4. 04Distributions land quarterly, the standard rhythm for developed-market equity funds.

Worth knowing

  1. 01At 0.40% a year it runs slightly above the typical fund in this cohort, and noticeably above cheaper rivals like INTF at 0.16% and GSIE at 0.25%.
  2. 02It trades thinly next to the category's household names, which is where limit orders and avoiding the opening bell earn their keep.
  3. 03Factor tilts mean the portfolio can look and behave differently from a plain developed-markets tracker, in either direction.

MFDX Holdings

As of Sep 20, 2026, 6:44 AM
Asset class
Stocks
Holdings
1,209
Top-10 weight
11%
Largest holding
NET OTHER ASSETS3.4%

Sectors

  • Industrials18.7%
  • Financials15.8%
  • Materials11.3%
  • Technology8.9%
  • Cons. Staples8.1%
  • Consumer Discr.8.1%
  • Energy7.2%
  • Health Care7.1%
  • Communication6.5%
  • Utilities6.2%
  • Real Estate2.2%

Geography

  • Japan26.93%
  • United Kingdom12.46%
  • Canada8.30%
  • Switzerland7.76%
  • Germany6.32%
  • France5.77%
  • Spain5.04%
  • Netherlands4.48%
  • Other countries (20)22.94%

Developed 98% · Emerging 2% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 88.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—NET OTHER ASSETS3.45%0$17M134
002—BANCO SANTANDER SA COMMON STOCK EUR.50.93%301,356$4M1
003—ASML HOLDING NV COMMON STOCK EUR.090.92%2,726$4M1
004—NOVARTIS AG REG COMMON STOCK CHF.490.88%30,234$4M1
005—RIO TINTO PLC COMMON STOCK GBP.10.80%39,542$4M1
006—NESTLE SA REG COMMON STOCK CHF.10.75%38,477$4M1
007—GLENCORE PLC COMMON STOCK USD.010.75%468,270$4M2
008—BP PLC COMMON STOCK USD.250.74%471,813$4M1
009—ENGIE COMMON STOCK EUR1.00.70%121,935$3M1
010—TOKYO ELECTRON LTD COMMON STOCK0.70%10,200$3M2
011—REPSOL SA COMMON STOCK EUR1.00.69%96,910$3M2
012—ABB LTD REG COMMON STOCK CHF.120.67%33,812$3M2
013—ROCHE HOLDING AG COMMON STOCK CHF.0010.64%7,076$3M1
014—ADVANTEST CORP COMMON STOCK0.64%15,500$3M1
015—ENI SPA COMMON STOCK0.64%110,642$3M1

Showing 1–15 of 1306 holdings

MFDX Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

MFDX$11,811
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. MFDX $11,811. SPY $11,723. Use the arrow keys to read each point.$9,335$10,757$12,178Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MFDX. Periods over one year show the average yearly return.
PeriodMFDX
Year to date+12.3%
1 month−0.9%
3 months+1.4%
1 year+18.1%
3 years+19.2%per year
5 years+10.7%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MFDX
YearReturn barMFDX
2026 YTD+12.3%
2025+34.3%
2024+4.4%
2023+17.5%
2022−10.3%
2021+11.1%
2020+6.9%

MFDX in the news

ETF.net Research hasn’t filed on MFDX yet — coverage lands here as it’s written.

MFDX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.85%Last 12 months
Payout per share
$1.21Last 12 months
Last payment
$0.42 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 34 payments from 2017 to 2026 YTD. Dec 28, 2017 $0.19; Jul 2, 2018 $0.25; Oct 1, 2018 $0.23; Dec 28, 2018 $0.19; Apr 1, 2019 $0.09; Jul 1, 2019 $0.22; Oct 1, 2019 $0.16; Dec 30, 2019 $0.28; Apr 1, 2020 $0.11; Jul 1, 2020 $0.13; Oct 1, 2020 $0.03; Dec 30, 2020 $0.16; Apr 1, 2021 $0.10; Jul 1, 2021 $0.24; Oct 1, 2021 $0.13; Dec 30, 2021 $0.41; Apr 1, 2022 $0.10; Jul 1, 2022 $0.31; Oct 3, 2022 $0.11; Dec 29, 2022 $0.21; Apr 3, 2023 $0.18; Jul 3, 2023 $0.35; Oct 2, 2023 $0.20; Dec 28, 2023 $0.18; Apr 1, 2024 $0.13; Jul 1, 2024 $0.40; Oct 1, 2024 $0.25; Dec 31, 2024 $0.15; Apr 1, 2025 $0.22; Jul 1, 2025 $0.38; Oct 1, 2025 $0.21; Dec 31, 2025 $0.33; Apr 1, 2026 $0.25; Jul 1, 2026 $0.42. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jul 1, 2026Jul 6, 2026$0.42
Apr 1, 2026Apr 3, 2026$0.25
Dec 31, 2025Jan 5, 2026$0.33
Oct 1, 2025Oct 3, 2025$0.21
Jul 1, 2025Jul 3, 2025$0.38
Apr 1, 2025Apr 3, 2025$0.22
Dec 31, 2024Jan 3, 2025$0.15
Oct 1, 2024Oct 3, 2024$0.25
Jul 1, 2024Jul 3, 2024$0.40
Apr 1, 2024Apr 4, 2024$0.13
Dec 28, 2023Jan 3, 2024$0.18
Oct 2, 2023Oct 5, 2023$0.20

MFDX Risk

How much the fund’s monthly returns vary, scaled to a year.
11.9%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.13
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−25.6%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.81
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

MFDX Cost

Expense ratio0.40%
  • The middle half of International Multifactor funds
  • Median 0.35%

19 of the 30 International Multifactor funds charge less.

MFDX costs $40.00 a year on $10,000. The median International Multifactor fund costs $35.50.