PIMCO RAFI ESG U.S. ETF
ALTAR
Score™		 7.1% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 19.4x P/Sales
ratio		 1.5x
P/BV
ratio		 2.2x Div.
yield		 2.4%


  • 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) $11
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 260
Wgt avg mkt cap (mns) $188,187
Large cap (>$10bn) 95.3%
Mid cap ($2-10bn) 4.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 3.3 %
JPMORGAN CHASE & CO 2.9 %
JOHNSON & JOHNSON 2.8 %
CITIGROUP INC 2.8 %
WELLS FARGO & CO 2.7 %
PROCTER & GAMBLE CO/THE 2.4 %
WALT DISNEY CO/THE 2.4 %
VERIZON COMMUNICATIONS INC 2.4 %
PFIZER INC 2.3 %
BANK OF AMERICA CORP 2.2 %
Total 26.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.2 %
BRITAIN 2.1 %
IRELAND 1.7 %
SWITZERLAND 0.2 %
SINGAPORE 0.1 %
BERMUDA 0.0 %
CANADA 0.0 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
3.8% -- -- -- 3.8%

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

Technical Indicators
Recent close $25.36
30d moving avg. $23.77
Annualized volatility 0.0%
Short interest (ETF) 5.7%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.7%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $112,321

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 7.1%


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
(%)
DIVB iShares U.S. Dividend & Buyback ETF 59.6 25 4 6.2 -0.9
DGRO iShares Core Dividend Growth ETF 56.9 8 21 6.2 -0.9
VOOV Vanguard S&P 500 Value ETF 54.5 10 19 6.8 -0.4
VTV Vanguard Value Index Fund 54.2 4 25 6.8 -0.4
MGV Vanguard Mega Cap Value ETF 54.2 7 22 6.7 -0.4
DLN WisdomTree U.S. LargeCap Dividend Fund 53.8 28 1 6.0 -1.1
SCHV Schwab U.S. Large-Cap Value ETF 52.0 4 25 6.4 -0.8
VYM Vanguard High Dividend Yield Index ETF 51.7 6 23 6.9 -0.2
SPYV SPDR Portfolio S&P 500 Value ETF 51.6 4 25 6.8 -0.3
IVE iShares S&P 500 Value ETF 51.6 18 11 6.7 -0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 51.3 25 4 6.1 -1.0
DTD WisdomTree U.S.Total Dividend Fund 50.5 28 1 6.2 -0.9
EPS WisdomTree U.S. Earnings 500 Fund 50.4 8 21 6.0 -1.2
NACP Impact Shares NAACP Minority Empowerment ETF 50.1 75 -46 4.7 -2.4
IUSV iShares Core S&P U.S. Value ETF 49.1 4 25 6.9 -0.2
IWX iShares Russell Top 200 Value ETF 48.9 20 9 6.3 -0.8
PRF Invesco FTSE RAFI US 1000 ETF 48.5 39 -10 6.2 -0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 47.6 25 4 6.1 -1.1
QUS SPDR MSCI USA StrategicFactors ETF 47.3 15 14 5.5 -1.6
ESG FlexShares STOXX US ESG Impact Index Fund 46.2 32 -3 4.8 -2.4
EQWL Invesco Russell Top 200 Equal Weight ETF 45.8 25 4 5.8 -1.4
VONV Vanguard Russell 1000 Value Index Fund 45.6 8 21 6.4 -0.7
USDY Pacific Global US Equity Income ETF 45.1 29 0 6.8 -0.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 45.0 10 19 5.1 -2.1
SUSL iShares ESG MSCI USA Leaders ETF 45.0 10 19 5.0 -2.1
IWD iShares Russell 1000 Value ETF 44.8 19 10 6.3 -0.8
ESGV Vanguard ESG U.S. Stock ETF 44.7 12 17 4.7 -2.4
EFIV SPDR S&P 500 ESG ETF 44.5 10 19 4.8 -2.4
SNPE Xtrackers S&P 500 ESG ETF 44.5 10 19 4.8 -2.4
IUS Invesco Strategic US ETF 43.8 19 10 5.8 -1.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 43.8 20 9 4.6 -2.5
VLU SPDR S&P 1500 Value Tilt ETF 43.7 12 17 6.6 -0.5
FDRR Fidelity Dividend ETF for Rising Rates 43.7 29 0 6.3 -0.8
PBP Invesco S&P 500 BuyWrite ETF 43.7 49 -20 4.6 -2.5
RWL Invesco S&P 500 Revenue ETF 43.5 39 -10 6.6 -0.6
HSPX Global X S&P 500 Covered Call ETF 43.5 60 -31 4.5 -2.6
IQSU IQ Candriam ESG US Equity ETF 43.3 9 20 4.8 -2.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 43.3 20 9 5.0 -2.2
SPXE ProShares S&P 500 Ex-Energy ETF 43.2 27 2 4.9 -2.2
XYLG Global X S&P 500 Covered Call & Growth ETF 43.0 60 -31 4.7 -2.5
ESGU iShares MSCI USA ESG Optimized ETF 42.9 15 14 4.7 -2.4
SPLG SPDR Portfolio Large Cap ETF 42.7 3 26 5.1 -2.1
SPY SPDR S&P 500 ETF Trust 42.7 9 20 5.0 -2.1
IVV iShares Core S&P 500 ETF 42.6 3 26 5.0 -2.1
MGC Vanguard Mega Cap Index Fund 42.6 7 22 4.8 -2.3
VOO VANGUARD S&P 500 ETF 42.1 3 26 5.0 -2.1
SPXT ProShares S&P 500 Ex-Technology ETF 41.8 27 2 5.2 -1.9
DSI iShares MSCI KLD 400 Social ETF 41.6 25 4 4.8 -2.3
IWL iShares Russell Top 200 ETF 41.4 15 14 4.6 -2.5
BKLC BNY Mellon US Large Cap Core Equity ETF 41.4 0 29 4.8 -2.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 41.2 29 0 5.3 -1.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 40.8 7 22 4.8 -2.4
OEF iShares S&P 100 ETF 40.8 20 9 4.5 -2.6
JHML John Hancock Multifactor Large Cap ETF 40.7 29 0 5.1 -2.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 40.6 2 27 4.9 -2.2
JKF iShares Morningstar Large Cap Value ETF 40.5 25 4 7.0 -0.1
PBUS Invesco PureBeta MSCI USA ETF 40.3 4 25 4.9 -2.3
SPTM SPDR Portfolio Total Stock Market ETF 40.1 3 26 5.1 -2.0
VV Vanguard Large-Cap Index Fund 39.9 4 25 4.8 -2.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 39.4 30 -1 5.5 -1.6
SCHX Schwab U.S. Large-Cap ETF 39.4 3 26 4.8 -2.3
OUSA O'Shares FTSE US Quality Dividend ETF 39.4 48 -19 5.5 -1.6
WOMN Impact Shares YWCA Women's Empowerment ETF 39.3 75 -46 3.9 -3.2
SPXN ProShares S&P 500 Ex-Financials ETF 39.2 27 2 4.7 -2.5
SPXV ProShares S&P 500 Ex-Health Care ETF 38.9 27 2 4.6 -2.5
IWB iShares Russell 1000 ETF 38.9 15 14 4.7 -2.4
SCHK Schwab 1000 Index ETF 38.9 5 24 4.8 -2.3
PFM Invesco Dividend Achievers ETF 38.7 53 -24 5.1 -2.0
FDVV Fidelity Core Dividend ETF 38.6 29 0 6.4 -0.7
IYY iShares Dow Jones U.S. ETF 38.5 20 9 4.7 -2.4
CATH Global X S&P 500 Catholic Values Custom ETF 38.4 29 0 4.8 -2.3
DFAU Dimensional US Core Equity Market ETF 38.2 12 17 5.0 -2.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 37.9 9 20 5.0 -2.1
VTHR Vanguard Russell 3000 Index Fund 37.9 10 19 4.7 -2.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 37.8 15 14 5.9 -1.2
QDF FlexShares Quality Dividend Index Fund 37.7 37 -8 5.7 -1.4
FVAL Fidelity Value Factor ETF 37.1 29 0 7.2 +0.1
IWV iShares Russell 3000 ETF 37.1 20 9 4.6 -2.6
JQUA JPMorgan U.S. Quality Factor ETF 37.1 12 17 5.2 -2.0
SCHB Schwab U.S. Broad Market ETF 37.0 3 26 4.7 -2.4
JVAL JPMorgan U.S. Value Factor ETF 36.9 12 17 7.6 +0.4
AVUS Avantis U.S. Equity ETF 36.9 15 14 5.2 -1.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 36.8 3 26 4.7 -2.4
QDYN FlexShares Quality Dividend Dynamic Index Fund 36.8 37 -8 5.7 -1.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 36.7 12 17 5.1 -2.0
NULC Nuveen ESG Large-Cap ETF 36.2 20 9 4.7 -2.4
ROUS Hartford Multifactor US Equity ETF 36.2 19 10 6.2 -0.9
SFY SoFi Select 500 ETF 36.1 0 29 4.8 -2.3
VONE Vanguard Russell 1000 ETF 36.1 8 21 4.8 -2.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 36.1 28 1 6.2 -0.9
VTI Vanguard Total Stock Market Index Fund 36.0 3 26 4.7 -2.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 35.8 60 -31 3.8 -3.3
USXF iShares ESG Advanced MSCI USA ETF 35.6 10 19 4.7 -2.5
RNLC Large Cap US Equity Select ETF 35.5 60 -31 5.6 -1.5
RECS Columbia Research Enhanced Core ETF 35.5 15 14 5.3 -1.8
FLQL Franklin LibertyQ U.S. Equity ETF 35.4 15 14 5.9 -1.2
KRMA Global X Conscious Companies ETF 35.4 43 -14 5.1 -2.0
QDEF FlexShares Quality Dividend Defensive Index Fund 35.3 37 -8 5.8 -1.3
RNDV US Equity Dividend Select ETF 35.2 50 -21 7.9 +0.8
EXT WisdomTree U.S. Total Earnings Fund 35.0 28 1 5.3 -1.9

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:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 14.7 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.50
 
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.