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MFEM

GradeCNew York Stock Exchange Arca

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF

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

$28.64−0.64 (−2.17%)

As of Sep 23, 2026, 2:33 PM EDT

Intraday session: down, 29 prints from 29.28 to 28.64. Range 28.40 to 29.28. Use the arrow keys to read each point.$28.40$28.80$29.00$29.2010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$159M
1Y return
+32.1%
Yield · Last 12 months
2.15%
Holdings
816
Volume · 30D
0M sh
NAV per share
$29.23
52W range
low $21.46high $30.60

The ETF.net MFEM Grade

C

44/ 100

Rank 11 of 20 in Emerging Markets Multifactor⁠

Confidence Medium

Six-pillar profile for MFEM. Scores out of 100: Cost 37, Risk 33, Mission not scored, Tradability 38, Holdings 100, Durability 37. Strongest: Holdings (100). Weakest: Risk (33). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 44 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 37
    Category rank14/20 · 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.
    DScore 33
    Category rank18/19 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 38
    Category rank14/20 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 100
    Category rank1/20 · top 5%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 37
    Category rank17/20 · bottom quartile

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

Our read on MFEM

ETF.net Research

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.

Stated mandate

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

  1. 01The index doesn't hold factor weights still. It rebalances toward factors with attractive relative valuations that are also showing a momentum upswing.rafi.com
  2. 02Four factors in one long-only emerging-market wrapper: value, momentum, quality and low volatility. No single-factor bet to time yourself.
  3. 03Roughly 800 holdings, so no single name carries the portfolio. Distributions come quarterly.
  4. 04A PIMCO fund running a Research Affiliates index, live since 2017. This is not a strategy that showed up last quarter.researchaffiliates.com

Worth knowing

  1. 01At 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.
  2. 02Thinly traded next to its category, which can mean wider spreads. Limit orders carry more weight here than with the group's heavyweights.
  3. 03Rotating 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

As of Sep 20, 2026, 6:43 AM
Asset class
Stocks
Holdings
816
Top-10 weight
18%
Largest holding
ASE TECHNOLOGY HOLDING CO LT COMMON STOCK TWD10.02.5%

Sectors

  • Technology30.4%
  • Financials15.4%
  • Materials14.9%
  • Industrials10.1%
  • Energy8.9%
  • Consumer Discr.6.8%
  • Communication4.3%
  • Cons. Staples3.6%
  • Utilities3.2%
  • Health Care1.6%
  • Real Estate1.0%

Geography

  • Taiwan26.34%
  • China22.62%
  • South Korea19.44%
  • Brazil4.92%
  • India4.89%
  • Thailand4.08%
  • South Africa4.06%
  • Hong Kong3.62%
  • Other countries (16)10.03%

Developed 4% · Emerging 96% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 49.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—ASE TECHNOLOGY HOLDING CO LT COMMON STOCK TWD10.02.49%199,000$4M1
002—DELTA ELECTRONICS INC COMMON STOCK TWD10.01.99%58,000$3M1
003—YUAN RENMINBI OFFSHORE1.90%20,070,827$3M10
004—LENOVO GROUP LTD COMMON STOCK1.82%646,000$3M2
005—HYUNDAI MOTOR CO COMMON STOCK KRW5000.01.75%10,330$3M1
006—MEDIATEK INC COMMON STOCK TWD10.01.72%19,000$3M1
007—SAMSUNG ELECTRO MECHANICS CO COMMON STOCK KRW5000.01.60%2,562$3M1
008—NAN YA PLASTICS CORP COMMON STOCK TWD10.01.48%309,000$2M1
009—SK HYNIX INC COMMON STOCK KRW5000.01.43%1,731$2M3
010—PETROBRAS PETROLEO BRAS PR PREFERENCE1.35%225,698$2M1
011—TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK TWD10.01.32%27,000$2M1
012—SAMSUNG ELECTRONICS CO LTD COMMON STOCK KRW100.01.30%10,867$2M3
013—HON HAI PRECISION INDUSTRY COMMON STOCK TWD10.01.18%234,600$2M1
014—PTT PCL/FOREIGN FOREIGN SH. THB1.0 A1.00%1,241,600$2M1
015—PETROCHINA CO LTD H COMMON STOCK CNY1.00.99%1,278,000$2M1

Showing 1–15 of 729 holdings

MFEM Performance

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

MFEM$13,215
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. MFEM $13,215. SPY $11,723. Use the arrow keys to read each point.$9,198$11,611$14,024Sep 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 MFEM. Periods over one year show the average yearly return.
PeriodMFEM
Year to date+28.3%
1 month+3.6%
3 months−0.0%
1 year+32.1%
3 years+21.4%per year
5 years+9.4%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 MFEM
YearReturn barMFEM
2026 YTD+28.3%
2025+25.3%
2024+4.8%
2023+15.1%
2022−19.5%
2021+10.8%
2020+11.3%

MFEM in the news

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

MFEM 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.
2.15%Last 12 months
Payout per share
$0.63Last 12 months
Last payment
$0.19 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. 37 payments from 2017 to 2026 YTD. Dec 28, 2017 $0.05; Apr 2, 2018 $0.02; Jul 2, 2018 $0.12; Oct 1, 2018 $0.13; Dec 28, 2018 $0.40; Apr 1, 2019 $0.09; Jul 1, 2019 $0.15; Oct 1, 2019 $0.08; Dec 30, 2019 $0.28; Apr 1, 2020 $0.07; Jul 1, 2020 $0.11; Oct 1, 2020 $0.08; Dec 30, 2020 $0.20; Apr 1, 2021 $0.03; Jul 1, 2021 $0.19; Oct 1, 2021 $0.60; Dec 10, 2021 $4.54; Dec 30, 2021 $1.57; Apr 1, 2022 $0.10; Jul 1, 2022 $0.19; Oct 3, 2022 $0.29; Dec 12, 2022 $0.59; Dec 29, 2022 $0.05; Apr 3, 2023 $0.11; Jul 3, 2023 $0.26; Oct 2, 2023 $0.24; Dec 28, 2023 $0.16; Apr 1, 2024 $0.14; Jul 1, 2024 $0.21; Oct 1, 2024 $0.59; Dec 31, 2024 $0.18; Apr 1, 2025 $0.15; Jul 1, 2025 $0.20; Oct 1, 2025 $0.22; Dec 31, 2025 $0.07; Apr 1, 2026 $0.15; Jul 1, 2026 $0.19. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jul 1, 2026Jul 6, 2026$0.19
Apr 1, 2026Apr 3, 2026$0.15
Dec 31, 2025Jan 5, 2026$0.07
Oct 1, 2025Oct 3, 2025$0.22
Jul 1, 2025Jul 3, 2025$0.20
Apr 1, 2025Apr 3, 2025$0.15
Dec 31, 2024Jan 3, 2025$0.18
Oct 1, 2024Oct 3, 2024$0.59
Jul 1, 2024Jul 3, 2024$0.21
Apr 1, 2024Apr 4, 2024$0.14
Dec 28, 2023Jan 3, 2024$0.16
Oct 2, 2023Oct 5, 2023$0.24

MFEM Risk

How much the fund’s monthly returns vary, scaled to a year.
16.6%
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.
0.94
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.
−30.5%
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.
1.07
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.

MFEM Cost

Expense ratio0.50%
  • The middle half of Emerging Markets Multifactor funds
  • Median 0.47%

13 of the 20 Emerging Markets Multifactor funds charge less.

MFEM costs $50.00 a year on $10,000. The median Emerging Markets Multifactor fund costs $47.00.