PIMCO RAFI ESG U.S. ETF
ALTAR
Score™
6.6% info Recommen-
dation
OVERWEIGHT
2021E    2022E
P/E
ratio
15.6x P/Sales
ratio
1.6x
P/BV
ratio
2.2x Div.
yield
2.2%


  • 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) $13
Currency USD
Expense ratio 30 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 225
Wgt avg mkt cap (mns) $218,418
Large cap (>$10bn) 95.7%
Mid cap ($2-10bn) 4.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 4.4 %
WELLS FARGO & CO 4.0 %
JOHNSON & JOHNSON 2.9 %
WALT DISNEY CO/THE 2.9 %
INTEL CORP 2.8 %
BANK OF AMERICA CORP 2.8 %
CITIGROUP INC 2.5 %
JPMORGAN CHASE & CO 2.3 %
CISCO SYSTEMS INC 2.1 %
VERIZON COMMUNICATIONS INC 2.0 %
Total 28.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
BRITAIN 2.0 %
IRELAND 1.5 %
SWITZERLAND 0.3 %
SINGAPORE 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
5.7% 27.8% -- -- 13.4%

Market Correlations
versus... Beta R-squared
S&P500 1.04 94%
MSCI EAFE 0.99 95%
MSCI Emg. Mkts. 0.86 74%

Technical Indicators
Recent close $27.72
30d moving avg. $27.08
Annualized volatility 26.9%
Short interest (ETF) 0.7%
Short interest (Underlying) 2.1%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $103,637

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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: 30 bp ALTAR Score™: 6.6%


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
(%)
VOOV Vanguard S&P 500 Value ETF 57.7 10 20 6.2 -0.5
DIVB iShares U.S. Dividend & Buyback ETF 56.4 25 5 6.0 -0.7
DGRO iShares Core Dividend Growth ETF 54.3 8 22 6.3 -0.3
ESGV Vanguard ESG U.S. Stock ETF 52.3 12 18 4.7 -2.0
MGV Vanguard Mega Cap Value ETF 52.3 7 23 6.5 -0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 52.0 28 2 6.4 -0.3
VTV Vanguard Value Index Fund 51.5 4 26 6.5 -0.2
DTD WisdomTree U.S.Total Dividend Fund 49.7 28 2 6.4 -0.2
SPYV SPDR Portfolio S&P 500 Value ETF 49.4 4 26 6.2 -0.4
IVE iShares S&P 500 Value ETF 49.4 18 12 6.1 -0.6
SCHV Schwab U.S. Large-Cap Value ETF 49.2 4 26 6.1 -0.6
VYM Vanguard High Dividend Yield Index ETF 48.4 6 24 6.8 +0.1
EPS WisdomTree U.S. Earnings 500 Fund 48.1 8 22 6.2 -0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 47.8 25 5 5.6 -1.1
IUSV iShares Core S&P U.S. Value ETF 47.1 4 26 6.2 -0.4
IWX iShares Russell Top 200 Value ETF 46.3 20 10 6.1 -0.6
WOMN Impact Shares YWCA Women's Empowerment ETF 46.0 75 -45 4.5 -2.1
PRF Invesco FTSE RAFI US 1000 ETF 45.1 39 -9 5.6 -1.0
VONV Vanguard Russell 1000 Value Index Fund 44.9 8 22 6.0 -0.6
EQWL Invesco Russell Top 200 Equal Weight ETF 44.5 25 5 5.8 -0.9
QUS SPDR MSCI USA StrategicFactors ETF 44.1 15 15 5.5 -1.2
SUSL iShares ESG MSCI USA Leaders ETF 43.8 10 20 5.0 -1.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 43.8 10 20 5.0 -1.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 43.7 25 5 5.5 -1.2
ESG FlexShares STOXX US ESG Impact Index Fund 43.7 32 -2 4.8 -1.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 43.7 20 10 4.8 -1.9
FDRR Fidelity Dividend ETF for Rising Rates 43.5 29 1 6.5 -0.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 43.2 15 15 5.0 -1.7
EFIV SPDR S&P 500 ESG ETF 42.9 10 20 4.9 -1.7
SNPE Xtrackers S&P 500 ESG ETF 42.8 10 20 4.9 -1.8
ACVF American Conservative Values ETF 42.7 75 -45 4.4 -2.3
JKF iShares Morningstar Large Cap Value ETF 42.3 25 5 6.8 +0.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 42.2 28 2 6.3 -0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 42.2 20 10 5.0 -1.7
XVV iShares ESG Screened S&P 500 ETF 42.1 8 22 5.0 -1.7
IQSU IQ Candriam ESG US Equity ETF 41.9 9 21 4.8 -1.9
MGC Vanguard Mega Cap Index Fund 41.8 7 23 4.8 -1.8
IWD iShares Russell 1000 Value ETF 41.7 19 11 5.9 -0.7
RWL Invesco S&P 500 Revenue ETF 41.7 39 -9 6.0 -0.6
SPXE ProShares S&P 500 Ex-Energy ETF 41.6 27 3 4.8 -1.8
ESGU iShares MSCI USA ESG Optimized ETF 41.2 15 15 4.7 -2.0
PBP Invesco S&P 500 BuyWrite ETF 41.2 49 -19 4.5 -2.2
XYLG Global X S&P 500 Covered Call & Growth ETF 41.1 60 -30 4.5 -2.2
SPY SPDR S&P 500 ETF Trust 40.9 9 21 4.9 -1.8
IVV iShares Core S&P 500 ETF 40.9 3 27 4.9 -1.7
SPLG SPDR Portfolio Large Cap ETF 40.9 3 27 4.9 -1.7
VLU SPDR S&P 1500 Value Tilt ETF 40.8 12 18 5.9 -0.7
NACP Impact Shares NAACP Minority Empowerment ETF 40.7 49 -19 4.6 -2.1
IWL iShares Russell Top 200 ETF 40.5 15 15 4.7 -1.9
IUS Invesco Strategic US ETF 40.5 19 11 5.3 -1.4
VOO VANGUARD S&P 500 ETF 40.4 3 27 4.9 -1.7
DSI iShares MSCI KLD 400 Social ETF 39.8 25 5 4.7 -1.9
OUSA O'Shares FTSE US Quality Dividend ETF 39.7 48 -18 5.8 -0.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 39.6 7 23 4.8 -1.9
BKLC BNY Mellon US Large Cap Core Equity ETF 39.4 0 30 4.8 -1.9
OEF iShares S&P 100 ETF 39.3 20 10 4.5 -2.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 39.1 2 28 4.8 -1.8
VV Vanguard Large-Cap Index Fund 38.9 4 26 4.8 -1.9
PBUS Invesco PureBeta MSCI USA ETF 38.8 4 26 4.8 -1.8
SPXT ProShares S&P 500 Ex-Technology ETF 38.8 27 3 5.1 -1.6
JHML John Hancock Multifactor Large Cap ETF 38.7 29 1 5.0 -1.7
FDVV Fidelity Core Dividend ETF 38.5 29 1 6.4 -0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 38.3 30 0 5.2 -1.5
SPTM SPDR Portfolio Total Stock Market ETF 38.2 3 27 5.0 -1.7
SCHX Schwab U.S. Large-Cap ETF 38.0 3 27 4.8 -1.9
FVAL Fidelity Value Factor ETF 37.6 29 1 6.7 +0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 37.6 30 0 5.5 -1.1
IWB iShares Russell 1000 ETF 37.4 15 15 4.7 -2.0
SPXV ProShares S&P 500 Ex-Health Care ETF 37.1 27 3 4.5 -2.2
CATH Global X S&P 500 Catholic Values Custom ETF 37.1 29 1 4.7 -2.0
SCHK Schwab 1000 Index ETF 37.1 5 25 4.7 -2.0
IYY iShares Dow Jones U.S. ETF 37.0 20 10 4.6 -2.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 36.8 15 15 0.0 -6.6
SPXN ProShares S&P 500 Ex-Financials ETF 36.6 27 3 4.5 -2.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 36.6 9 21 5.1 -1.5
VONE Vanguard Russell 1000 ETF 36.3 8 22 4.7 -1.9
RESP WisdomTree US ESG Fund of Benef Interest 36.0 28 2 5.5 -1.2
JVAL JPMorgan U.S. Value Factor ETF 35.9 12 18 7.0 +0.4
DFAU Dimensional US Core Equity Market ETF 35.9 12 18 4.9 -1.8
PWV Invesco Dynamic Large Cap Value ETF 35.7 56 -26 6.9 +0.3
VTHR Vanguard Russell 3000 Index Fund 35.6 10 20 4.6 -2.1
PFM Invesco Dividend Achievers ETF 35.6 53 -23 5.2 -1.5
KRMA Global X Conscious Companies ETF 35.5 43 -13 5.1 -1.6
IWV iShares Russell 3000 ETF 35.5 20 10 4.5 -2.2
SCHB Schwab U.S. Broad Market ETF 35.3 3 27 4.6 -2.0
SFY SoFi Select 500 ETF 35.2 0 30 4.8 -1.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 35.1 3 27 4.6 -2.1
RECS Columbia Research Enhanced Core ETF 35.0 15 15 5.5 -1.1
JQUA JPMorgan U.S. Quality Factor ETF 34.8 12 18 5.3 -1.3
QLC FlexShares US Quality Large Cap Index Fund 34.7 32 -2 4.9 -1.8
VTI Vanguard Total Stock Market Index Fund 34.5 3 27 4.6 -2.1
REVS Columbia Research Enhanced Value ETF 34.5 19 11 6.7 +0.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 34.4 12 18 5.1 -1.5
RNDV US Equity Dividend Select ETF 34.3 50 -20 7.2 +0.5
AVUS Avantis U.S. Equity ETF 34.2 15 15 5.0 -1.6
ROUS Hartford Multifactor US Equity ETF 33.6 19 11 6.2 -0.4
QDYN FlexShares Quality Dividend Dynamic Index Fund 33.6 37 -7 5.7 -0.9

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 15.0 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.