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ETFs

PIMCO RAFI ESG U.S. ETF

RAFE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 18 2019
Expense Ratio
0.29%
Type
US Equities
Fund Owner
PIMCO
Volume (1m avg. daily)
$119,822
AUM
$31,383,000
Associated Index
RAFI ESG US Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
5.56%
AAPL
Apple Inc
5.42%
INTC
Intel Corp.
3.33%
JNJ
Johnson & Johnson
2.92%
CSCO
Cisco Systems, Inc.
2.80%
T
AT&T, Inc.
2.76%
JPM
JPMorgan Chase & Co.
2.72%
META
Meta Platforms Inc - Ordinary Shares - Class A
2.54%
C
Citigroup Inc
2.40%
PG
Procter & Gamble Co.
2.27%
Invest with RAFE

What is RAFE?

The Fund seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The RAFI ESG US 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 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.

ETFs related toRAFE

ETFs correlated to RAFE include EQWL, DIVB, FDRR

RAFE
Pimco Equity Series - Pimco Rafi ESG U.S. ETF
EQWL
Invesco Capital Management LLC - Invesco Russell Top 200 Equal Weight ETF
DIVB
BlackRock Institutional Trust Company N.A. - iShares Core Dividend ETF
FDRR
Fidelity Covington Trust - Fidelity Dividend ETF for Rising Rates
QDF
FlexShares Trust - FlexShares Quality Dividend Index Fund
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
VLU
SPDR Series Trust - SPDR S&P 1500 Value Tilt ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
EPS
WisdomTree Trust - WisdomTree U.S. LargeCap Fund
FVAL
Fidelity Covington Trust - Fidelity Value Factor ETF
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toRAFE

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with RAFE using Composer

FAQ

RAFE is a US Equities ETF. The Fund seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The RAFI ESG US 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 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.

RAFE tracks the RAFI ESG US Index.

No, RAFE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, RAFE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on RAFE is 0.0153%. This is the percent change in the value of RAFE over the most recent 1-month period. The 3-month return on RAFE is 0.0323%. This is the percent change in the value of RAFE over the most recent 3-month period.

The standard deviation of RAFE for the past year is 0.2003%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to RAFE include USMV, SPLV, and DSI.

ETFs correlated to RAFE include EQWL, DIVB, and FDRR.

ETFs that are inversely correlated to RAFE include SPXS, SPDN, and SH.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.