RAFE

RAFI ESG U.S. ETF

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Equity
Sector
US
region
19.25%
nav ytd return
As of 06/16/2021
19.43%
MARKET PRICE YTD RETURN
As of 06/16/2021

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

why invest in this fund

Pursues Social Responsibility and Improved Return Potential

By integrating ESG metrics with a time-tested smart beta strategy, RAFI ESG U.S. Index aims to help investors achieve the dual objectives of social responsibility and long-term outperformance of the broad market.

tab 1 graph

Portfolio Information

As of 06/16/2021
$21MM
Total Net Assets
222,894.91
Weighted Average Market Cap ($ US MM)
19.07
P/E Ratio (Trailing)
2.86
P/B Ratio (price to book)

Fund Facts

NAV PRICE
$30.72
1 DAY RETURN
$-0.20 -0.65%
As of 06/16/2021
MARKET PRICE
$30.73
1 DAY RETURN
$-0.17 -0.55%
As of 06/16/2021
PREMIUM / DISCOUNT
0.03%
As of 06/16/2021
MEDIAN BID/ASK SPREAD
0.38%
As of 06/16/2021

Price

Fund Information

As of 06/16/2021
Data point name Data point value
TYPE Smart Beta,Index
CUSIP 72201T342
Inception Date 12/18/2019
Shares Outstanding 670,000
Total Net Assets $20,584,669.57

INDEX INFORMATION

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.

INDEX INFORMATION
Data point name Data point value
Index Ticker RAESGUST
Inception Date 03/30/2018
Rebalancing Frequency Quarterly

Top Ten Holdings

As of 06/16/2021

Top Ten Holdings table

Description % of Assets Security Type
WELLS FARGO + CO COMMON STOCK USD1.666 4.81 COMMON STOCK
MICROSOFT CORP COMMON STOCK USD.00000625 4.28 COMMON STOCK
BANK OF AMERICA CORP COMMON STOCK USD.01 3.10 COMMON STOCK
JOHNSON + JOHNSON COMMON STOCK USD1.0 2.72 COMMON STOCK
INTEL CORP COMMON STOCK USD.001 2.51 COMMON STOCK
CISCO SYSTEMS INC COMMON STOCK USD.001 2.35 COMMON STOCK
PFIZER INC COMMON STOCK USD.05 2.01 COMMON STOCK
VERIZON COMMUNICATIONS INC COMMON STOCK USD.1 1.90 COMMON STOCK
GOLDMAN SACHS GROUP INC COMMON STOCK USD.01 1.81 COMMON STOCK
GENERAL MOTORS CO COMMON STOCK USD.01 1.79 COMMON STOCK
Effective as of 10/30/2020

Fees and Expenses

Name Value
Gross Expense Ratio 0.30%

Dividends & Capital Gains Distribution

As of 06/16/2021
Distribution Date Dist. Nav Long Term Cap. Gain Short Term Cap. Gain Dividend Income Dist. Total
04/01/2021 29.31 - - 0.090000 0.090000
12/30/2020 25.62 - - 0.150000 0.150000
12/11/2020 25.49 0.000000 0.000000 - 0.000000
10/01/2020 22.46 - - 0.140000 0.140000
07/01/2020 21.19 - - 0.130000 0.130000
04/01/2020 17.76 - - 0.190000 0.190000
12/30/2019 25.14 - - 0.020000 0.020000
As of 05/31/2021
ANNUALIZED MONTH END RETURNS
Returns 1YR 3YR 5YR 10YR Inception
NAV Total Returns (After Fees) 47.87 - - - 18.47
Market Price Returns 48.41 - - - 18.37
RAFI ESG US Index 48.58 - - - 18.94
S&P 500 Index 40.32 18.00 17.16 14.38 18.94
Performance Difference (Fund NAV vs. Index) -0.71 - - - -0.47
Performance Difference (Fund Market Price vs. Index) -0.17 - - - -0.57
Standard Deviation - - - - -
After Tax Pre-Liquidation 47.00 - - - 17.75
After Tax Post-Liquidation 28.52 - - - 13.91
As of 03/31/2021
ANNUALIZED QUARTER END RETURNS
Returns 1YR 3YR 5YR 10YR Inception
NAV Total Returns (After Fees) 59.93 - - - 15.32
Market Price Returns 60.20 - - - 15.16
RAFI ESG US Index 60.75 - - - 15.76
S&P 500 Index 56.35 16.78 16.29 13.91 15.76
Performance Difference (Fund NAV vs. Index) -0.82 - - - -0.44
Performance Difference (Fund Market Price vs. Index) -0.55 - - - -0.60
Standard Deviation - - - - -
After Tax Pre-Liquidation 58.75 - - - 14.63
After Tax Post-Liquidation 35.77 - - - 11.45
As of 05/31/2021
CUMULATIVE MONTH END RETURNS
Returns YTD 1MO 3MO 6MO
NAV Total Returns (After Fees) 20.14 2.89 13.97 25.21
Market Price Returns 20.56 3.13 14.02 25.49
RAFI ESG US Index 20.41 2.92 14.14 25.53
S&P 500 Index 12.62 0.70 10.72 16.95
Performance Difference (Fund NAV vs. Index) -0.27 -0.03 -0.17 -0.32
Performance Difference (Fund Market Price vs. Index) 0.15 0.21 -0.12 -0.04
Standard Deviation - - - -
After Tax Pre-Liquidation 19.99 2.89 13.83 24.86
After Tax Post-Liquidation 11.92 1.71 8.26 14.99
As of 03/31/2021
CUMULATIVE QUARTER END RETURNS
Returns YTD 1MO 3MO 6MO
NAV Total Returns (After Fees) 12.81 7.01 12.81 30.84
Market Price Returns 13.13 7.00 13.13 31.24
RAFI ESG US Index 12.98 7.09 12.98 31.23
S&P 500 Index 6.17 4.38 6.17 19.07
Performance Difference (Fund NAV vs. Index) -0.17 -0.08 -0.17 -0.39
Performance Difference (Fund Market Price vs. Index) 0.15 -0.09 0.15 0.01
Standard Deviation - - - -
After Tax Pre-Liquidation 12.81 7.01 12.81 30.43
After Tax Post-Liquidation 7.58 4.15 7.58 18.41

Morningstar Rating

Morningstar Rating
Fund Name Morningstar Category Overall 3 Yr 5 Yr 10 Yr
RAFI ESG U.S. ETF Large Value - - - -

Premium / Discount

Premium / Discount

Premium / Discount Calendar Year 2020 First Quarter 2021
Days Traded At Premium 53 16
Days Traded At NAV 35 8
Days Traded At Discount 165 37
As of 05/31/2021
Portfolio Composition - Sector Allocation: Market Value
sector FUND Fund ratio S&P 500 Index Secondary index ratio
No Classification 0.00 -
Materials 4.57 2.82
Industrials 5.49 8.94
Consumer Discretionary 13.30 12.10
Consumer Staples 8.60 6.02
Health Care 15.14 12.97
Financials 24.98 11.92
Information Technology 18.80 26.23
Communication Services 5.75 11.10
Utilities 1.28 2.56
Real Estate 1.68 2.55
Portfolio Composition - Sector Allocation: Duration
Sector Fund Fund ratio
No Classification 0.00
Materials 0.00
Industrials 0.00
Consumer Discretionary 0.00
Consumer Staples 0.00
Health Care 0.00
Financials 0.00
Information Technology 0.00
Communication Services 0.00
Utilities 0.00
Real Estate 0.00

INDEX - FACTOR ALLOCATION

Factor Percentage Weight Weight ratio

Summary Characteristics

Summary Characteristics
Data Point
As of 06/16/2021
Number of Holdings 253
Weighted Average Market Cap ($ US MM) 222,894.91
Median Market Cap ($ US MM) 136,112.20
P/E Ratio (Forward) 14.96
P/E Ratio (Trailing) 19.07
P/S Ratio (Price to Sales) 1.74
P/B Ratio (Price to Book) 2.86
Dividend Yield 2.04
DISCLOSURES
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund’s prospectus, which may be obtained by contacting your PIMCO representative. Please read the prospectus carefully before you invest.
Net Asset Value (NAV) represents an ETF’s per-share value. The per-share value of an ETF is calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of ETF shares outstanding. ETF shares are valued as of the close of regular trading (normally 4:00 P.M. Eastern Time) (The “NYSE Close”) on each business day.
The Fund’s Net Asset Value, shares outstanding and total net assets are calculated as of the close of regular trading on each day that the NYSE Arca is open, and do not reflect security transactions or Fund shares created or redeemed on the date stated. Such transactions are recorded on the next business day and reported on the website the following business day.
Returns are average annualized total returns, except for those periods of less than one year, which are cumulative. Market returns are based upon the midpoint of the bid/ask spread at 4:00 pm Eastern time (when NAV is normally determined for most Funds), and do not represent the returns you would receive if you traded shares at other times. The after-tax return calculation assumes a 35% tax rate.
ETF shares may be bought or sold throughout the day at their market price on the exchange on which they are listed. However, there can be no guarantee that an active trading market for PIMCO ETF shares will develop or be maintained, or that their listing will continue or remain unchanged.
A word about risk: Equities may decline in value due to both real and perceived general market, economic and industry conditions. Model Risk is the risk that the investment models used in constructing the Underlying Index may not adequately take into account certain factors and may result in a decline in the value of the Underlying Index and, therefore, the Fund. Management and Tracking Error Risk is the risk that the portfolio manager’s investment decisions may not produce the desired results or that the Fund’s portfolio may not closely track the Underlying Index for a number of reasons. Derivatives may involve certain costs and risks, such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested.

Socially responsible investing is qualitative and subjective by nature, and there is no guarantee that the criteria utilized, or judgment exercised, by PIMCO will reflect the beliefs or values of any one particular investor. Information regarding responsible practices is obtained through voluntary or third-party reporting, which may not be accurate or complete, and PIMCO is dependent on such information to evaluate a company’s commitment to, or implementation of, responsible practices. Socially responsible norms differ by region. There is no assurance that the socially responsible investing strategy and techniques employed will be successful. Past performance is not a guarantee or reliable indicator of future results.
PIMCO Smart beta ETFs and index ETFs use an indexing approach and may be affected by a general decline in market segments or asset classes relating to its Underlying Index. The Fund invests in securities and instruments included in, or representative of, its Underlying Index regardless of the investment merits of the Underlying Index.
ETFs are subject to secondary market trading risks. Shares of an ETF will be listed for trading on an exchange, however, there can be no guarantee that an active trading market for such shares will develop or continue. There can be no guarantee that an ETF's exchange listing or ability to trade its shares will continue or remain unchanged. Shares of an ETF may trade on an exchange at prices at, above or below their most recent NAV. The per share NAV of an ETF is calculated at the end of each business day, and fluctuates with changes in the market value of the Fund’s holdings. The trading prices of an ETF's shares fluctuate continuously throughout the trading day based on market supply and demand, which may not correlate to NAV. The trading prices of an ETF's shares may differ significantly from NAV during periods of market volatility, which may, among other factors, lead to the Fund’s shares trading at a premium or discount to NAV.
Exchange Traded Funds (“ETF”) are afforded certain exemptions from the Investment Company Act. The exemptions allow, among other things, for individual shares to trade on the secondary market. Individual shares cannot be directly purchased from or redeemed by the ETF. Purchases and redemptions directly with ETFs are only accomplished through creation unit aggregations or “baskets” of shares. Shares of an ETF, traded on the secondary market, are bought and sold at market price (not NAV). Brokerage commissions will reduce returns. Investment policies, management fees and other information can be found in the individual ETF’s prospectus.
Buying or selling ETF shares on an exchange may require the payment of fees, such as brokerage commissions, and other fees to financial intermediaries. In addition, an investor may incur costs attributed to the difference between the highest price a buyer is willing to pay to purchase shares of the Fund (bid) and the lowest price a seller is willing to accept for shares of the Fund (ask) when buying or selling shares in the secondary market (the bid-ask spread). Due to the costs inherent in buying or selling Fund shares, frequent trading may detract significantly from investment returns. Investment in Fund shares may not be advisable for investors who expect to engage in frequent trading.
Current holdings are subject to risk. Holdings are subject to change at any time. An investment in an ETF involves risk, including the loss of principal. Investment return, price, yield and Net Asset Value (NAV) will fluctuate with changes in market conditions. Investments may be worth more or less than the original cost when redeemed. Investments may be worth more or less than the original cost when redeemed.
Premiums or discounts are the differences (expressed as a percentage) between the NAV and the Market Price of the Fund on a given day, generally at the time the NAV is calculated. A premium is the amount that the Fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that the Fund is trading below the reported NAV, expressed as a percentage of the NAV. A discount or premium could be significant. The daily premium/discount is the difference between the daily market price for shares of the Fund and the Fund's net asset value. For purposes of the premium/discount information, market price is determined using NYSE Arca’s Official Closing Price or if it more accurately reflects market price at the time as of which NAV is calculated, the midpoint between the national best bid and national best offer as of that time. Market price for purposes of other information is calculated as follows: (i) for time periods preceding December 17, 2020, the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated and (ii) for the time periods starting December 17, 2020, the NYSE Arca’s Official Closing Price or, if it more accurately reflects market price at the time as of which NAV is calculated, the midpoint between the national best bid and national best offer as of that time.
In order to provide additional information regarding the intra-day value of shares of the Fund, the NYSE Arca, Inc. or a market data vendor disseminates every 15 seconds through the facilities of the Consolidated Tape Association or other widely disseminated means an updated Indicative NAV (“iNAV”) for the Fund as calculated by an information provider or market data vendor. The Fund is not involved in or responsible for any aspect of the calculation or dissemination of the iNAV and makes no representation or warranty as to the accuracy of the iNAV.
Investments made by a Fund and the results achieved by a Fund are not expected to be the same as those made by any other PIMCO-advised Fund, including those with a similar name, investment objective or policies. A new or smaller Fund’s performance may not represent how the Fund is expected to or may perform in the long-term. New Funds have limited operating histories for investors to evaluate and new and smaller Funds may not attract sufficient assets to achieve investment and trading efficiencies. A Fund may be forced to sell a comparatively large portion of its portfolio to meet significant shareholder redemptions for cash, or hold a comparatively large portion of its portfolio in cash due to significant share purchases for cash, in each case when the Fund otherwise would not seek to do so, which may adversely affect performance.
PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the current opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. ©2021, PIMCO

PIMCO Investments LLC , distributor, 1633 Broadway, New York, NY, 10019 is a company of PIMCO. ©2020, PIMCO.

CMR2020-1009-1361423