Key stats
About PIMCO RAFI Dynamic Multi-Factor International Equity ETF
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Inception date
Aug 31, 2017
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Pacific Investment Management Co. LLC
Distributor
PIMCO Investments LLC
ISIN
US72202L3713
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.
Related funds
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MFDX assets under management is 380.36 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
MFDX invests in stocks. See more details in our Analysis section.
MFDX expense ratio is 0.39%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, MFDX isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, MFDX pays dividends to its holders with the dividend yield of 2.69%.
MFDX shares are issued by Allianz SE
MFDX follows the RAFI Dynamic Multi-Factor Developed Ex-U.S. Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 31, 2017.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.