PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF

MFEM

Market cap $105M

I evaluate the PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF, comparing it to my current Wasatch mutual funds and the Vanguard FTSE Emerging Markets ETF. The PIMCO ETF uses a factor-based index focusing on value, low volatility, quality, momentum, and size, skewing its portfolio toward value stocks. The MFEM ETF's quarterly distributions range from $0.10 to $0.25, with a recent yield of 3.8%.

Emerging markets continued to expand at a solid pace midway into the first quarter of 2024, supported by broad-based expansion across both manufacturing and service sectors.