PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF
$28.51−0.15 (−0.53%)
- 0.50%
- $158M
- +36.4%
- 2.20%
- 0M sh
- $28.78
- low $21.83high $30.60
The ETF.net MFEM Grade
C
Score 45 out of 100
- 11 of 20
Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D37 out of 100Rank 12 of 20Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D39 out of 100Rank 15 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D35 out of 100Rank 15 of 20Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A100 out of 100Rank 1 of 20Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D37 out of 100Rank 17 of 20
Our read on MFEM
CMost multifactor emerging-market funds pick their factor weights and leave them. PIMCO's version rotates, leaning toward factors that look cheap against their own history and are turning up. Contrarian machinery from Research Affiliates, roughly 800 stocks deep.
The Fund seeks to track the RAFI Dynamic Multi-Factor Emerging Markets Index. It normally invests at least 80% of assets in the index’s component securities and is designed to provide long-only emerging-market equity exposure across multiple factors.
Why people hold it
- The index doesn't hold factor weights still. It rebalances toward factors with attractive relative valuations that are also showing a momentum upswing.rafi.com
- Four factors in one long-only emerging-market wrapper: value, momentum, quality and low volatility. No single-factor bet to time yourself.
- Roughly 800 holdings, so no single name carries the portfolio. Distributions come quarterly.
- A PIMCO fund running a Research Affiliates index, live since 2017. This is not a strategy that showed up last quarter.researchaffiliates.com
Worth knowing
- At 0.50% it prices above the typical multifactor EM fund and above cheaper peers like EMGF (0.26%) and AVES (0.36%). Overall it lands in the lower half of its peer group.
- Thinly traded next to its category, which can mean wider spreads. Limit orders carry more weight here than with the group's heavyweights.
- Rotating factor weights is an active call baked into the index. The path can look quite different from plain cap-weighted emerging markets, in both directions.rafi.com
MFEM Holdings
- Stocks
- 686
- 21%
- Yuan Renminbi Offshore
Sectors
- Technology35.7%
- Financials16.1%
- Materials12.4%
- Industrials8.3%
- Energy8.2%
- Consumer Discretionary6.3%
- Communication3.8%
- Consumer Staples3.6%
- Utilities2.6%
- Health Care1.9%
- Real Estate1.0%
Geography
- Taiwan32.95%
- China23.26%
- South Korea17.41%
- Brazil4.66%
- Thailand4.17%
- India3.85%
- Hong Kong3.60%
- South Africa2.45%
- 7.64%
Developed 4% · Emerging 96%
MFEM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
MFEM$13,636
Returns run to the Oct 12, 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.
| Period | MFEM |
|---|---|
| Year to date | +26.5% |
| 1 month | −0.6% |
| 3 months | +4.2% |
| 1 year | +36.4% |
| 3 years | +21.8% |
| 5 years | +9.2% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MFEM |
|---|---|---|
| 2026 YTD | +26.5% | |
| 2025 | +25.3% | |
| 2024 | +4.8% | |
| 2023 | +15.1% | |
| 2022 | −19.5% | |
| 2021 | +10.8% | |
| 2020 | +11.3% |
MFEM in the news
First-Year Review
Hartford Dynamic Bond ETF's first year: coupons covered a 3.9% slide
MFEM Dividends
- 2.20%
- $0.63
- $0.22 per share
- Quarterly
Distribution history
MFEM Risk
- 16.5%
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.
- 0.98
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.
- −30.5%
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.
- 1.08
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MFEM Cost
0.50%
MFEM0.50%
- The middle half of Emerging Markets Multifactor funds
- Median 0.47%
13 of the 20 Emerging Markets Multifactor funds charge less.
Other funds in Emerging Markets Multifactor
- CEQLTiShares MSCI Emerging Markets Quality Factor ETFExpense ratio 0.35%1 year return +32.6%
- CJHEMJohn Hancock Multifactor Emerging Markets ETFExpense ratio 0.49%1 year return +30.8%
- CUEVMVictoryShares Emerging Markets Value Momentum ETFExpense ratio 0.53%1 year return +14.6%
- CEMMFWisdomTree Emerging Markets Multifactor FundExpense ratio 0.48%1 year return +27.7%
- DECONColumbia Research Enhanced Emerging Economies ETFExpense ratio 0.49%1 year return +35.9%