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Trending ETFs

Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$34.91

$49.6 M

1.95%

$0.68

0.30%

Vitals

YTD Return

7.9%

1 yr return

23.3%

3 Yr Avg Return

6.5%

5 Yr Avg Return

N/A

Net Assets

$49.6 M

Holdings in Top 10

33.5%

52 WEEK LOW AND HIGH

$34.9
$27.87
$35.57

Expenses

OPERATING FEES

Expense Ratio 0.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 32.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$34.91

$49.6 M

1.95%

$0.68

0.30%

RAFE - Profile

Distributions

  • YTD Total Return 7.9%
  • 3 Yr Annualized Total Return 6.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.91%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PIMCO RAFI ESG U.S. ETF
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Dec 18, 2019
  • Shares Outstanding
    1037602
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Thomas Seto

Fund Description

The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities (“Component Securities”) of the RAFI ESG US Index (the “Underlying Index”). The Fund may invest the remainder of its assets in cash, securities and instruments that are not Component Securities, but which PIMCO believes will help the Fund track its Underlying Index. The Underlying Index is a long-only, smart beta index that seeks to achieve the dual objectives of social responsibility and long-horizon outperformance of the broad market.The Underlying Index is constructed by RAFI Indices, LLC (the “Index Provider”) using a rules-based approach within publicly traded U.S. equities to create an integrated ESG strategy which overweights companies that rate well across various ESG (Environmental, Social, and Governance) themes and excludes companies with a major involvement in industries such as tobacco, gaming, weapons and fossil fuels. The strategy supplements traditional ESG metrics with metrics linked to long-term value creation, specifically financial discipline and diversity, for improved return potential.The Underlying Index applies the Fundamental Index™ approach, a smart beta strategy built on the principles of contrarian indexing and disciplined rebalancing. The universe for the Underlying Index construction process starts with all common equity securities traded on U.S. primary exchanges, which meet and pass minimum liquidity and investability (capacity) requirements, issued by companies that are assigned to the United States by the Index Provider. Eligible securities are then determined by selecting companies based on fundamental weight, calculated using four accounting measures from company financial statements: (i) de-levered sales, calculated as company sales averaged over the past five years multiplied by the ratio of average equity to average assets; (ii) cash flow, taken as the company operating cash flow averaged over the past five years; (iii) dividend plus buybacks, calculated using the average dividends paid and share buybacks over the past five years; and (iv) book value, taken as the most recent company book value. The Underlying Index is composed of securities selected from companies in the large/mid company universe, which is the universe of companies that rank in the top 86% of cumulative fundamental weight.The Underlying Index uses five signals to determine a company’s overall ESG score: environment, social, governance, diversity and financial discipline. The environment, social, governance and diversity scores are determined using data provided by Vigeo Eiris, a third-party ESG data and ratings provider (the “ESG Data Provider”). The ESG Data Provider assesses hundreds of different factors within a framework of sustainability criteria based on international standards in determining the environment, social and governance scores. The ESG Data Provider also considers numerous different metrics relating to gender diversity in determining the diversity scores. The financial discipline score is determined by the Index Provider and is intended to identify companies with high profitability, low investment, low issuance and low accruals. To construct the Underlying Index, companies are sorted in descending order by their environment, social, governance, diversity and financial discipline scores, respectively.Companies in the bottom 10% by fundamental weight, for each respective signal, are excluded. In addition, companies classified by the ESG Data Provider as having major involvement in the following areas are excluded: tobacco, gambling, weapons - civilian firearms and military, fossil fuels, coal, tar sands and oil shale. Selected companies are weighted by their fundamental weight, adjusted by the companies’ respective overall ESG scores. As of September 30, 2023, the Underlying Index consisted of 237 Component Securities.The Underlying Index is reconstituted annually on the last Friday of March and rebalanced on a quarterly staggered basis on the last Friday day of March, June, September and third Friday of December. For example, the Underlying Index will be divided into four identical tranches. At the first quarterly rebalance, the first tranche (i.e., 25% of the Underlying Index) is rebalanced, but the remaining three tranches (i.e., the other 75% of the Underlying Index) are not rebalanced and will continue to drift until the next quarterly rebalance. At the next quarterly rebalance, the second tranche is rebalanced while the other three tranches (including the tranche that was rebalanced at the prior quarter-end) are not rebalanced. This staggered rebalancing is intended to diversify risk and decrease market impact of trading.PIMCO uses an indexing approach in managing the Fund’s investments. The Fund is expected to employ a replication strategy in seeking to achieve its investment objective. In using this strategy, PIMCO seeks to replicate the composition and weighting of the Underlying Index by investing all, or substantially all, of the Fund’s assets in the Component Securities, holding each Component Security in approximately the same proportion as its weighting in the Underlying Index. However, in some circumstances it may not be possible or practicable to invest all, or substantially all, of the Fund’s assets in the Component Securities, in which case the Fund may employ a representative sampling strategy by investing in a combination of Component Securities and other instruments, or in Component Securities but in different proportions as compared to the weighting of the Underlying Index, such that the portfolio effectively provides exposure to the Underlying Index. In using a representative sampling strategy, the Fund may not track its Underlying Index with the same degree of accuracy as a fund that replicates the composition and weighting of the Underlying Index. Unlike many investment companies, the Fund does not attempt to outperform the index the Fund tracks. An indexing approach may eliminate the chance that the Fund will substantially outperform its Underlying Index but also may reduce some of the risks of active management. Indexing seeks to achieve lower costs by keeping portfolio turnover low in comparison to actively managed investment companies.The Fund may invest, without limitation, in equity and equity-related securities, including common and preferred securities. The Fund may also invest in derivative instruments, such as options, futures contracts or swap agreements.
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RAFE - Performance

Return Ranking - Trailing

Period RAFE Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -1.0% 25.1% 72.98%
1 Yr 23.3% -0.4% 51.4% 35.11%
3 Yr 6.5%* -4.0% 30.9% 63.00%
5 Yr N/A* 0.2% 44.6% 60.76%
10 Yr N/A* 1.4% 24.9% 72.54%

* Annualized

Return Ranking - Calendar

Period RAFE Return Category Return Low Category Return High Rank in Category (%)
2023 16.5% -24.9% 46.1% 6.90%
2022 -15.7% -64.7% 4.6% 77.74%
2021 28.2% -44.2% 57.5% 5.17%
2020 2.3% -23.2% 285.0% 25.33%
2019 N/A -21.4% 48.5% N/A

Total Return Ranking - Trailing

Period RAFE Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -1.0% 25.1% 72.98%
1 Yr 23.3% -0.4% 51.4% 35.11%
3 Yr 6.5%* -4.0% 30.9% 63.00%
5 Yr N/A* 0.2% 44.6% N/A
10 Yr N/A* 1.4% 24.9% N/A

* Annualized

Total Return Ranking - Calendar

Period RAFE Return Category Return Low Category Return High Rank in Category (%)
2023 18.8% -15.9% 46.7% 9.20%
2022 -13.8% -42.0% 8.5% 96.05%
2021 30.2% 3.6% 129.7% 13.30%
2020 5.3% -22.6% 304.8% 30.43%
2019 N/A -12.7% 52.1% N/A

RAFE - Holdings

Concentration Analysis

RAFE Category Low Category High RAFE % Rank
Net Assets 49.6 M 1.09 M 163 B 88.70%
Number of Holdings 217 2 1683 9.20%
Net Assets in Top 10 15.3 M 420 K 33.9 B 90.35%
Weighting of Top 10 33.48% 4.8% 98.8% 27.57%

Top 10 Holdings

  1. MICROSOFT CORP COMMON STOCK USD.00000625 5.46%
  2. APPLE INC COMMON STOCK USD.00001 5.08%
  3. INTEL CORP COMMON STOCK USD.001 4.68%
  4. META PLATFORMS INC CLASS A COMMON STOCK USD.000006 3.70%
  5. JPMORGAN CHASE + CO COMMON STOCK USD1.0 2.88%
  6. JOHNSON + JOHNSON COMMON STOCK USD1.0 2.78%
  7. CITIGROUP INC COMMON STOCK USD.01 2.43%
  8. CISCO SYSTEMS INC COMMON STOCK USD.001 2.17%
  9. WELLS FARGO + CO COMMON STOCK USD1.666 2.15%
  10. BANK OF AMERICA CORP COMMON STOCK USD.01 2.14%

Asset Allocation

Weighting Return Low Return High RAFE % Rank
Stocks
99.93% 1.86% 108.42% 3.19%
Cash
0.07% 0.00% 38.18% 94.16%
Preferred Stocks
0.00% 0.00% 13.88% 90.97%
Other
0.00% -1.68% 39.72% 89.91%
Convertible Bonds
0.00% 0.00% 3.66% 91.30%
Bonds
0.00% -1.92% 73.23% 91.42%

Stock Sector Breakdown

Weighting Return Low Return High RAFE % Rank
Technology
27.92% 0.00% 54.02% 0.53%
Healthcare
20.20% 0.00% 30.08% 18.45%
Financial Services
18.15% 0.00% 58.05% 62.39%
Consumer Defense
8.86% 0.00% 34.10% 43.49%
Communication Services
8.17% 0.00% 26.58% 16.76%
Consumer Cyclical
7.25% 0.00% 22.74% 31.02%
Industrials
4.48% 0.00% 42.76% 95.90%
Basic Materials
2.62% 0.00% 21.69% 69.70%
Real Estate
2.13% 0.00% 90.54% 58.82%
Utilities
0.22% 0.00% 27.04% 88.06%
Energy
0.00% 0.00% 54.00% 99.64%

Stock Geographic Breakdown

Weighting Return Low Return High RAFE % Rank
US
99.93% 1.86% 108.42% 3.10%
Non US
0.00% 0.00% 26.07% 92.92%

RAFE - Expenses

Operational Fees

RAFE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.03% 14.82% 94.49%
Management Fee 0.29% 0.00% 1.50% 8.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

RAFE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

RAFE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RAFE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 32.00% 0.00% 488.00% 44.86%

RAFE - Distributions

Dividend Yield Analysis

RAFE Category Low Category High RAFE % Rank
Dividend Yield 1.95% 0.00% 36.05% 63.34%

Dividend Distribution Analysis

RAFE Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

RAFE Category Low Category High RAFE % Rank
Net Income Ratio 1.91% -1.51% 4.28% 19.42%

Capital Gain Distribution Analysis

RAFE Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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RAFE - Fund Manager Analysis

Managers

Thomas Seto


Start Date

Tenure

Tenure Rank

Dec 18, 2019

2.45

2.5%

Thomas is responsible for all portfolio management and trading related to our equity strategies. Prior to joining Parametric in 1998, Thomas served as the head of US Equity Index investments at Barclays Global Investors. He earned an MBA in finance from the University of Chicago Booth School of Business and a BS in electrical engineering from the University of Washington.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.03 16.42