MFDX

PIMCO RAFI Multi-Factor International Equity ETF

$37.61

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The PIMCO RAFI Multi-Factor International Equity ETF (MFDX) seeks to provide investment results that correspond generally to the performance of the RAFI Multi-Factor International Index, which is designed to provide exposure to international developed market equities with a focus on value, quality, low volatility, and momentum factors.

Overview

ETF tracking PIMCO RAFI Multi-Factor International Equity ETF

Category International

Issuer Other

Inception Date 2017-09-06

Market Cap $398.7M

Average Volume N/A

Dividend Yield 2.55%

52-Week Range $28.94 - $38.07

VWAP $37.58

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF employs a passive management (or index-tracking) strategy designed to track the performance of the underlying index. The index uses a rules-based approach to weight securities based on fundamental factors such as sales, cash flow, book value, and dividends, rather than market capitalization.

✨ Key Features

Provides exposure to a diversified portfolio of international developed market equities
Utilizes a multi-factor approach to target value, quality, low volatility, and momentum factors
Employs a fundamentally-weighted index methodology rather than traditional market-cap weighting
Aims to deliver long-term capital appreciation by capturing the performance of the targeted factors

⚠️ Primary Risks

Equity market risk: The value of the ETF's holdings may decline due to general market and economic conditions
International investing risk: Investments in non-U.S. securities may be subject to additional risks, such as currency fluctuations, political instability, and economic conditions
Factor investing risk: The performance of the targeted factors may not always outperform the broader market
Tracking error risk: The ETF may not perfectly track the performance of the underlying index

👤 Best For

The PIMCO RAFI Multi-Factor International Equity ETF may be suitable for long-term investors seeking exposure to international developed market equities with a focus on value, quality, low volatility, and momentum factors. This ETF may be appropriate for investors with a moderate to high risk tolerance who are looking to diversify their portfolio and potentially enhance long-term returns.