PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

The PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) is a smart beta exchange-traded fund launched on August 31, 2017, that seeks to track the investment results of the RAFI Dynamic Multi-Factor U.S. Index by investing at least 80% of its total assets in the index's component securities. The fund employs a rules-based, fundamentally weighted approach that dynamically allocates exposure across five equity factors — value, low volatility, quality, momentum, and size — adjusting factor weights based on momentum and long-term reversal signals to improve excess return potential. With approximately $270 million in assets under management, MFUS holds a broadly diversified portfolio of roughly 850+ U.S. large- and mid-cap equities, with top sector exposures in Information Technology, Financial Services, and Healthcare, and a net expense ratio of 0.29%. The fund is managed by PIMCO, headquartered in Newport Beach, California, and is classified in the Large Value Morningstar category, making it suitable for investors seeking dynamically weighted multi-factor U.S. equity exposure.