Key stats
About PIMCO Equitiy Series PIMCO RAFI Dynamic Multi-Factor International Equity ETF
Expense ratio
0.39%
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Inception date
Aug 31, 2017
MFDX aims for increased exposure to outperforming investment factors. It calculates a fundamental weight using four metrics: current book value, past 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. After screening out the smallest firms by fundamental weight, the index generates a sub-portfolio for each factor. For value, quality, and low volatility portfolios, stocks are ranked by the factor score. The top 25% by fundamental weight are selected. The momentum portfolio selects the top 50%. The size portfolio includes all small-cap firms from the other four portfolios. All sub-portfolios are weighted by fundamental weight. The factor portfolios are equally weighted, with subsequent adjustments made according to momentum and long-term reversal signals. The index uses a rolling rebalance, only rebalancing 25% of each sub-portfolio every quarter.
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.