About PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX)

PIMCO RAFI Dynamic Multi-Factor International Equity ETF, also known as MFDX, is an exchange-traded fund that offers investors exposure to international equities using a multi-factor approach. The fund is managed by PIMCO, a leading investment management firm known for its expertise in fixed-income and equity markets. MFDX aims to provide investors with long-term capital appreciation by investing in a diversified portfolio of international stocks.

The strategy employed by MFDX is based on the RAFI (Relative Advantages Fundamental Index) methodology, which seeks to overweight stocks with attractive fundamentals and underweight stocks with less attractive fundamentals. The fund's investment process involves analyzing various factors such as earnings, cash flow, and dividends to determine the weightings of individual stocks in the portfolio. This multi-factor approach aims to capture the benefits of both traditional market-cap-weighted indexes and active stock selection strategies.