MFUS
PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF
The PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF is a smart beta strategy that seeks to track the investment results of the RAFI Dynamic Multi-Factor U.S. Index. The fund is designed to provide investors with the benefits of dynamically-weighted exposure to multiple equity factors, including value, quality, low volatility.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
158.4 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
Fund sponsor | PIMCO |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Aug 31, 2017 |
Assets (mns) | $158 |
Expense ratio | 29 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Multi-Factor |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
ELI LILLY & CO | 2.2 % |
BERKSHIRE HATHAWAY INC-CL B | 1.9 % |
META PLATFORMS INC | 1.9 % |
NVIDIA CORP | 1.7 % |
WAL-MART STORES INC | 1.7 % |
WELLS FARGO & CO | 1.6 % |
CITIGROUP INC | 1.4 % |
BROADCOM INC. | 1.4 % |
ALPHABET INC. CLASS A | 1.3 % |
AMAZON.COM INC | 1.3 % |
Constituent Breakdown
Number of holdings | 815 |
Herfindahl-Hirschman Index | 61 |
Wgt avg mkt cap (mns) | $279,808 |
Large cap (>$10bn) | 88.6% |
Mid cap ($2-10bn) | 10.6% |
Small cap (<$2bn) | 0.8% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 98.6 % | |
IRELAND | 0.7 % | |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 14.2% | 21.1% | 14.9% | 8.1% | 12.1% | -- | 11.3% | Volatility | 10.7% | 11.0% | 14.8% | 15.5% | 19.6% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.89 | 88% |
MSCI EAFE | 0.84 | 75% |
MSCI Emg Mkts | 0.59 | 35% |
Liquidity Measures
Avg. volume (000) | 9 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.20% |
ADV of underlying (mns) | $187,687 |
Technical Indicators
Recent close | $47.72 |
30d moving avg. | $48.54 |
Annualized volatility | 17.0% |
Relative strength (RSI) | 60 |
Short interest (ETF) | 0.1% |
Short interest (underlying) | 2.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. MFUS |
Expenses vs. MFUS |
ALTAR Score™ vs. MFUS |
---|---|---|---|---|
FNDX | Schwab Fundamental US Large Co. Index ETF | 62.4% | -4 bp | +0.4% |
FNDB | Schwab Fundamental US Broad Market Index ETF | 62.2% | -4 bp | +0.3% |
PRF | Invesco FTSE RAFI US 1000 ETF | 60.4% | +10 bp | +0.4% |
VLU | SPDR S&P 1500 Value Tilt ETF | 58.9% | -17 bp | +0.4% |
JHML | John Hancock Multifactor Large Cap ETF | 57.6% | 0 bp | -1.1% |
IUS | Invesco RAFI Strategic US ETF | 56.7% | -10 bp | +0.4% |
AVUS | Avantis U.S. Equity ETF | 56.1% | -14 bp | -0.6% |
DFAU | Dimensional US Core Equity Market ETF | 55.6% | -17 bp | -1.3% |
SPTM | SPDR Portfolio S&P 1500 Composite Stock Market ETF | 55.6% | -26 bp | -1.3% |
IWB | iShares Russell 1000 ETF | 55.5% | -14 bp | -1.5% |
Risk and Returns: MFUS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 9/6/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
MFUS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
MFUS
6.7%
Cat. Avg
5.8%
ALTAR Score™ Calculation
Category Overview
There are 920 funds in the US Equity category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.5%. MFUS's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places MFUS in the 64th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MFUSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
MFUS (29 bp) Percentile rank | 29 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
MFUS | 29.0 | 20.4 | 49.4 |
Peer Avg. | 30.0 | 13.8 | 43.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .