PIMCO RAFI ESG U.S. ETF
ALTAR
Score™
7.8% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
13.4x P/Sales
ratio
1.3x
P/BV
ratio
2.2x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
RAFE tracks an index of US companies that are selected and weighted by a combination of fundamental and ESG criteria.

FUND BASICS
Category US Equities
Fund Sponsor Allianz
Website www.pimco.com
Inception date Dec 18, 2019
Assets (mns) $28
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Fundamental
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 229
Wgt avg mkt cap (mns) $156,411
Large cap (>$10bn) 96.3%
Mid cap ($2-10bn) 3.4%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JPMORGAN CHASE & CO 4.4 %
AT&T INC 3.6 %
CITIGROUP INC 3.1 %
JOHNSON & JOHNSON 2.9 %
WELLS FARGO & CO 2.7 %
VERIZON COMMUNICATIONS INC 2.6 %
INTL BUSINESS MACHINES CORP 2.5 %
PROCTER & GAMBLE CO/THE 2.4 %
INTEL CORP 2.4 %
WALT DISNEY CO/THE 2.2 %
Total 28.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.1 %
IRELAND 2.0 %
BRITAIN 1.5 %
BERMUDA 0.1 %
SINGAPORE 0.1 %
CANADA 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $25.43
30d moving avg. $25.21
Annualized volatility 0.0%
Short interest (ETF) 1.9%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.2%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $59,040

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the PIMCO RAFI ESG U.S. ETF ETF based on the alternatives' overlap in portfolio holdings with RAFE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RAFE Expense: 29 bp ALTAR Score™: 7.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RAFE
Ticker Fund
Name
Overlap1
vs RAFE
(%)
Expense
ratio
(bp)
Savings
vs RAFE
(bp)
ALTAR
Score™
(%)
ALTAR
vs RAFE
(%)
OYLD Invesco Russell 1000 Yield Factor ETF 57.4 19 10 7.4 -0.4
SCHV Schwab U.S. Large-Cap Value 55.8 4 25 6.9 -1.0
MGV Vanguard Mega Cap 300 Value 55.7 7 22 7.0 -0.9
VYM Vanguard High Dividend Yield ETF 55.2 6 23 7.1 -0.7
DGRO iShares Core Dividend Growth 55.0 8 21 6.3 -1.5
VTV Vanguard Value ETF 54.7 4 25 7.1 -0.8
DIVB iShares U.S. Dividend & Buyback 54.2 25 4 6.5 -1.3
DLN WisdomTree Large Cap Dividend 52.6 28 1 6.4 -1.4
IWX iShares Russell Top 200 Value 50.7 20 9 6.8 -1.1
SPYV SPDR Portfolio S&P 500 Value 50.4 4 25 7.0 -0.8
VOOV Vanguard S&P 500 Value 50.4 15 14 6.9 -0.9
IVE iShares S&P 500 Value 50.4 18 11 6.9 -1.0
OVOL Invesco Russell 1000 Low Volatility Factor ETF 50.2 19 10 6.6 -1.3
USDY Pacific Global US Equity Income 49.6 29 0 7.4 -0.4
JKF iShares Morningstar Large Value 49.1 25 4 7.6 -0.3
FNDX Schwab Fundamental Large Cap 48.5 25 4 5.5 -2.3
ESGL Invesco ESG Revenue ETF 48.2 40 -11 8.4 +0.6
EPS WisdomTree Earnings 500 48.0 8 21 6.7 -1.2
IUSV iShares Core U.S. Value 47.8 4 25 7.1 -0.8
DTD WisdomTree Total Dividend 47.6 28 1 6.5 -1.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
PIMCO RAFI ESG U.S. ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.4 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.56
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.