RAFE vs. ACWV ETF Comparison

Comparison of PIMCO RAFI ESG U.S. ETF (RAFE) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

RAFE

PIMCO RAFI ESG U.S. ETF

RAFE Description

The investment seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets in the component securities of the RAFI ESG US Index. The underlying index is constructed by RAFI Indices, LLC 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 themes and excludes companies with a major involvement in industries such as tobacco, gaming, weapons and fossil fuels.

Grade (RS Rating)

Last Trade

$37.82

Average Daily Volume

12,485

Number of Holdings ^*

238

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$113.95

Average Daily Volume

117,990

Number of Holdings ^*

139

* may have additional holdings in another (foreign) market

Performance

Period	RAFE	ACWV
30 Days	1.92%	0.32%
60 Days	3.06%	-0.25%
90 Days	4.90%	1.23%
12 Months	24.12%	18.77%

64 Overlapping Holdings

Symbol	Grade	Weight in RAFE	Weight in ACWV	Overlap
ABBV	D	1.53%	0.49%	0.49%
ABT	B	1.18%	0.1%	0.1%
ACN	C	0.97%	0.26%	0.26%
AKAM	D	0.07%	0.27%	0.07%
AMGN	D	1.08%	0.34%	0.34%
ANET	C	0.02%	0.06%	0.02%
BDX	F	0.32%	0.22%	0.22%
BMY	B	1.97%	0.25%	0.25%
CAG	D	0.07%	0.05%	0.05%
CAH	B	0.29%	0.18%	0.18%
CF	B	0.16%	0.25%	0.16%
CHD	B	0.07%	0.46%	0.07%
CI	F	1.3%	0.24%	0.24%
CL	D	0.37%	0.35%	0.35%
COR	B	0.13%	1.05%	0.13%
CPB	D	0.05%	0.22%	0.05%
CSCO	B	2.94%	1.57%	1.57%
CTSH	B	0.18%	0.21%	0.18%
CTVA	C	0.05%	0.12%	0.05%
DGX	A	0.07%	0.15%	0.07%
EA	A	0.31%	0.63%	0.31%
ELV	F	0.89%	0.42%	0.42%
FI	A	0.28%	0.48%	0.28%
GEN	B	0.04%	0.3%	0.04%
GILD	C	0.99%	0.48%	0.48%
GIS	D	0.32%	0.61%	0.32%
GPC	D	0.08%	0.05%	0.05%
HOLX	D	0.11%	0.05%	0.05%
HRL	D	0.01%	0.23%	0.01%
HSIC	B	0.06%	0.05%	0.05%
HSY	F	0.06%	0.44%	0.06%
HUM	C	0.41%	0.31%	0.31%
IBM	C	1.81%	0.73%	0.73%
JNJ	D	3.18%	1.05%	1.05%
JNPR	F	0.19%	0.32%	0.19%
K	A	0.18%	0.57%	0.18%
KDP	D	0.14%	0.36%	0.14%
KEYS	A	0.1%	0.41%	0.1%
KHC	F	0.2%	0.33%	0.2%
KMB	D	0.3%	0.3%	0.3%
KO	D	0.98%	0.05%	0.05%
LLY	F	0.67%	0.52%	0.52%
MA	C	0.79%	0.19%	0.19%
MCK	B	0.43%	1.42%	0.43%
MDLZ	F	0.29%	0.25%	0.25%
MRK	F	1.69%	1.06%	1.06%
MSFT	F	5.72%	0.76%	0.76%
MSI	B	0.21%	1.88%	0.21%
NEM	D	0.46%	0.09%	0.09%
ORCL	B	1.68%	0.54%	0.54%
ORLY	B	0.05%	0.62%	0.05%
PEP	F	0.28%	1.08%	0.28%
PG	A	2.84%	0.82%	0.82%
PGR	A	0.25%	0.84%	0.25%
RSG	A	0.04%	1.19%	0.04%
SJM	D	0.09%	0.27%	0.09%
T	A	2.41%	0.26%	0.26%
TJX	A	0.49%	0.37%	0.37%
TMUS	B	0.46%	2.03%	0.46%
TSN	B	0.07%	0.32%	0.07%
UNH	C	0.58%	0.83%	0.58%
V	A	1.09%	0.59%	0.59%
VZ	C	1.69%	0.76%	0.76%
WM	A	0.44%	1.5%	0.44%

RAFE Overweight 174 Positions Relative to ACWV

Symbol	Grade	Weight
AAPL	C	6.52%
JPM	A	4.09%
C	A	3.25%
INTC	D	2.85%
WFC	A	2.82%
PFE	D	2.32%
GM	B	2.16%
HD	A	1.77%
QCOM	F	1.6%
CMCSA	B	1.55%
AVGO	D	1.26%
META	D	1.2%
DIS	B	1.2%
TGT	F	1.18%
LOW	D	1.14%
F	C	1.14%
NVDA	C	1.12%
LIN	D	1.12%
MMM	D	1.07%
GS	A	0.98%
MU	D	0.95%
BAC	A	0.86%
TXN	C	0.83%
AMAT	F	0.81%
HPQ	B	0.72%
BLK	C	0.71%
HPE	B	0.7%
MET	A	0.7%
AXP	A	0.63%
ADBE	C	0.63%
PYPL	B	0.62%
DD	D	0.59%
ALL	A	0.58%
CRM	B	0.58%
JCI	C	0.55%
UPS	C	0.54%
DE	A	0.54%
PRU	A	0.51%
BBY	D	0.5%
LRCX	F	0.5%
DOW	F	0.5%
TSLA	B	0.49%
NKE	D	0.48%
DHR	F	0.46%
ADP	B	0.45%
FDX	B	0.45%
IP	B	0.43%
APD	A	0.42%
EBAY	D	0.41%
CVS	D	0.4%
WDC	D	0.37%
ADI	D	0.37%
CARR	D	0.37%
CBRE	B	0.37%
FIS	C	0.36%
WELL	A	0.33%
ADM	D	0.33%
ITW	B	0.31%
NTAP	C	0.29%
MAR	B	0.28%
HIG	B	0.27%
BIIB	F	0.27%
GEHC	F	0.27%
CCI	D	0.27%
STT	A	0.26%
WY	D	0.26%
ECL	D	0.26%
EIX	B	0.25%
AMP	A	0.25%
SYY	B	0.24%
EQIX	A	0.24%
VTR	C	0.23%
OC	A	0.22%
KLAC	D	0.21%
LUMN	C	0.21%
WHR	B	0.21%
CMI	A	0.21%
JLL	D	0.21%
PFG	D	0.2%
PARA	C	0.2%
PPG	F	0.2%
LH	C	0.19%
IRM	D	0.19%
FOXA	B	0.19%
MOS	F	0.19%
AMT	D	0.19%
BK	A	0.19%
BAX	D	0.18%
VFC	C	0.18%
DVA	B	0.17%
GWW	B	0.17%
TPR	B	0.16%
AVB	B	0.16%
BALL	D	0.16%
MCO	B	0.16%
EW	C	0.16%
EQR	B	0.16%
PKG	A	0.15%
ARW	D	0.15%
DG	F	0.15%
HLT	A	0.15%
SHW	A	0.15%
A	D	0.15%
AWK	D	0.14%
ISRG	A	0.14%
OMC	C	0.14%
KSS	F	0.14%
ZTS	D	0.14%
FAST	B	0.13%
CDNS	B	0.13%
FITB	A	0.13%
CNC	D	0.13%
MRVL	B	0.13%
DELL	C	0.13%
OTIS	C	0.12%
TROW	B	0.12%
EL	F	0.12%
SYK	C	0.12%
IFF	D	0.12%
PAYX	C	0.11%
WAT	B	0.11%
HST	C	0.11%
TSCO	D	0.11%
SWK	D	0.11%
BSX	B	0.11%
GAP	C	0.11%
PVH	C	0.11%
ON	D	0.1%
SPGI	C	0.1%
LKQ	D	0.09%
WAB	B	0.09%
SOLV	C	0.09%
HCA	F	0.09%
WBA	F	0.09%
VTRS	A	0.09%
AVT	C	0.09%
USFD	A	0.09%
NFLX	A	0.09%
TER	D	0.09%
CDW	F	0.09%
ILMN	D	0.08%
SNPS	B	0.08%
PLD	D	0.08%
LNC	B	0.08%
DOX	D	0.08%
LEA	D	0.08%
DXC	B	0.07%
KIM	A	0.07%
NDAQ	A	0.07%
HUN	F	0.07%
MAA	B	0.07%
NTRS	A	0.07%
NWSA	B	0.07%
DOV	A	0.06%
KD	B	0.06%
EQH	B	0.06%
GT	C	0.06%
MCHP	D	0.06%
AMD	F	0.06%
ESS	B	0.05%
MHK	D	0.05%
XRX	F	0.05%
HAS	D	0.05%
FL	F	0.05%
ROK	B	0.05%
AAP	C	0.04%
OGN	D	0.04%
WU	D	0.04%
AGCO	D	0.04%
NWL	B	0.04%
FLEX	A	0.04%
MAN	D	0.03%
M	D	0.03%
O	D	0.02%

RAFE Underweight 75 Positions Relative to ACWV

Symbol	Grade	Weight
WMT	A	-1.82%
ROP	B	-1.36%
VRTX	F	-1.13%
MCD	D	-1.02%
BRK.A	B	-0.91%
CB	C	-0.88%
MMC	B	-0.88%
ED	D	-0.84%
KR	B	-0.83%
DUK	C	-0.81%
SO	D	-0.8%
NOC	D	-0.77%
AZO	C	-0.77%
WEC	A	-0.68%
GDDY	A	-0.64%
REGN	F	-0.61%
ACGL	D	-0.57%
CBOE	B	-0.54%
APH	A	-0.54%
MKL	A	-0.43%
WRB	A	-0.41%
L	A	-0.4%
UTHR	C	-0.4%
WCN	A	-0.39%
INCY	C	-0.38%
CHT	D	-0.37%
BAH	F	-0.37%
FFIV	B	-0.36%
VRSN	F	-0.35%
AON	A	-0.35%
AJG	B	-0.33%
TRV	B	-0.32%
NBIX	C	-0.31%
BRO	B	-0.3%
ERIE	D	-0.26%
YUM	B	-0.24%
FCNCA	A	-0.23%
LMT	D	-0.23%
CME	A	-0.23%
FWONK	B	-0.22%
PTC	A	-0.22%
ROL	B	-0.21%
MFG	B	-0.21%
JKHY	D	-0.2%
BMRN	D	-0.19%
DPZ	C	-0.19%
GD	F	-0.18%
LNG	B	-0.16%
ULTA	F	-0.16%
CMS	C	-0.16%
MPC	D	-0.15%
AIZ	A	-0.13%
WIT	A	-0.12%
MOH	F	-0.12%
FICO	B	-0.12%
MNST	C	-0.12%
AZPN	A	-0.11%
TDY	B	-0.11%
AEE	A	-0.11%
XEL	A	-0.11%
EG	C	-0.1%
WTW	B	-0.1%
XOM	B	-0.1%
WDAY	B	-0.1%
PCG	A	-0.1%
TPL	A	-0.1%
TRGP	B	-0.08%
AEP	D	-0.07%
IT	C	-0.07%
KNX	B	-0.06%
DINO	D	-0.06%
FANG	D	-0.06%
CHRW	C	-0.06%
ACI	C	-0.05%
HKD	F	-0.0%