RAFE vs. USMV ETF Comparison

Comparison of PIMCO RAFI ESG U.S. ETF (RAFE) to iShares MSCI USA Minimum Volatility ETF (USMV)

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

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. 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. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.46

Average Daily Volume

1,630,912

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	RAFE	USMV
30 Days	1.92%	1.70%
60 Days	3.06%	2.42%
90 Days	4.90%	4.02%
12 Months	24.12%	25.63%

78 Overlapping Holdings

Symbol	Grade	Weight in RAFE	Weight in USMV	Overlap
AAPL	C	6.52%	0.99%	0.99%
ABBV	D	1.53%	1.04%	1.04%
ABT	B	1.18%	0.09%	0.09%
ACN	C	0.97%	1.29%	0.97%
ADI	D	0.37%	0.23%	0.23%
ADP	B	0.45%	0.09%	0.09%
AKAM	D	0.07%	0.39%	0.07%
AMGN	D	1.08%	0.59%	0.59%
ANET	C	0.02%	0.29%	0.02%
AVGO	D	1.26%	1.19%	1.19%
BDX	F	0.32%	0.56%	0.32%
BMY	B	1.97%	0.49%	0.49%
CDNS	B	0.13%	0.18%	0.13%
CDW	F	0.09%	0.35%	0.09%
CHD	B	0.07%	0.4%	0.07%
CI	F	1.3%	0.21%	0.21%
CL	D	0.37%	0.41%	0.37%
CMCSA	B	1.55%	0.39%	0.39%
COR	B	0.13%	0.67%	0.13%
CPB	D	0.05%	0.33%	0.05%
CRM	B	0.58%	0.05%	0.05%
CSCO	B	2.94%	1.47%	1.47%
CTSH	B	0.18%	0.76%	0.18%
CTVA	C	0.05%	0.38%	0.05%
CVS	D	0.4%	0.04%	0.04%
DELL	C	0.13%	0.12%	0.12%
DGX	A	0.07%	0.11%	0.07%
EA	A	0.31%	0.89%	0.31%
ELV	F	0.89%	0.52%	0.52%
FI	A	0.28%	0.69%	0.28%
GEN	B	0.04%	0.35%	0.04%
GILD	C	0.99%	0.94%	0.94%
GIS	D	0.32%	0.66%	0.32%
HD	A	1.77%	0.3%	0.3%
HIG	B	0.27%	0.12%	0.12%
HOLX	D	0.11%	0.16%	0.11%
HRL	D	0.01%	0.21%	0.01%
HSY	F	0.06%	0.3%	0.06%
HUM	C	0.41%	0.4%	0.4%
IBM	C	1.81%	1.66%	1.66%
JNJ	D	3.18%	1.18%	1.18%
JNPR	F	0.19%	0.45%	0.19%
K	A	0.18%	0.8%	0.18%
KDP	D	0.14%	0.59%	0.14%
KEYS	A	0.1%	0.55%	0.1%
KHC	F	0.2%	0.38%	0.2%
KMB	D	0.3%	0.21%	0.21%
KO	D	0.98%	0.1%	0.1%
LIN	D	1.12%	0.16%	0.16%
LLY	F	0.67%	1.25%	0.67%
MA	C	0.79%	0.7%	0.7%
MCK	B	0.43%	1.35%	0.43%
MDLZ	F	0.29%	0.44%	0.29%
MRK	F	1.69%	1.01%	1.01%
MSFT	F	5.72%	1.34%	1.34%
MSI	B	0.21%	1.81%	0.21%
NEM	D	0.46%	0.46%	0.46%
NTAP	C	0.29%	0.22%	0.22%
NVDA	C	1.12%	0.67%	0.67%
ORCL	B	1.68%	1.31%	1.31%
ORLY	B	0.05%	0.68%	0.05%
OTIS	C	0.12%	0.07%	0.07%
PEP	F	0.28%	1.01%	0.28%
PFE	D	2.32%	0.2%	0.2%
PG	A	2.84%	1.23%	1.23%
PGR	A	0.25%	1.67%	0.25%
PKG	A	0.15%	0.2%	0.15%
RSG	A	0.04%	1.55%	0.04%
SNPS	B	0.08%	0.18%	0.08%
T	A	2.41%	0.74%	0.74%
TJX	A	0.49%	0.45%	0.45%
TMUS	B	0.46%	1.95%	0.46%
TSN	B	0.07%	0.71%	0.07%
TXN	C	0.83%	1.39%	0.83%
UNH	C	0.58%	1.34%	0.58%
V	A	1.09%	0.9%	0.9%
VZ	C	1.69%	1.35%	1.35%
WM	A	0.44%	1.44%	0.44%

RAFE Overweight 160 Positions Relative to USMV

Symbol	Grade	Weight
JPM	A	4.09%
C	A	3.25%
INTC	D	2.85%
WFC	A	2.82%
GM	B	2.16%
QCOM	F	1.6%
META	D	1.2%
DIS	B	1.2%
TGT	F	1.18%
LOW	D	1.14%
F	C	1.14%
MMM	D	1.07%
GS	A	0.98%
MU	D	0.95%
BAC	A	0.86%
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%
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%
FDX	B	0.45%
IP	B	0.43%
APD	A	0.42%
EBAY	D	0.41%
WDC	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%
CAH	B	0.29%
MAR	B	0.28%
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%
CF	B	0.16%
AVB	B	0.16%
BALL	D	0.16%
MCO	B	0.16%
EW	C	0.16%
EQR	B	0.16%
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%
FITB	A	0.13%
CNC	D	0.13%
MRVL	B	0.13%
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%
SJM	D	0.09%
USFD	A	0.09%
NFLX	A	0.09%
TER	D	0.09%
ILMN	D	0.08%
GPC	D	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%
CAG	D	0.07%
MAA	B	0.07%
NTRS	A	0.07%
NWSA	B	0.07%
DOV	A	0.06%
KD	B	0.06%
HSIC	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 92 Positions Relative to USMV

Symbol	Grade	Weight
WMT	A	-1.78%
WCN	A	-1.56%
BRK.A	B	-1.55%
DUK	C	-1.49%
CB	C	-1.47%
APH	A	-1.44%
NOC	D	-1.43%
SO	D	-1.35%
ROP	B	-1.3%
AJG	B	-1.27%
MCD	D	-1.25%
TRV	B	-1.15%
ED	D	-1.13%
MMC	B	-1.11%
GDDY	A	-1.0%
AZO	C	-0.98%
FCNCA	A	-0.88%
CBOE	B	-0.85%
LMT	D	-0.82%
WEC	A	-0.78%
NOW	A	-0.75%
VRTX	F	-0.69%
ACGL	D	-0.68%
VRSN	F	-0.64%
KR	B	-0.61%
FICO	B	-0.59%
REGN	F	-0.59%
TDY	B	-0.57%
FANG	D	-0.55%
FFIV	B	-0.55%
MPC	D	-0.54%
INCY	C	-0.53%
AON	A	-0.53%
CME	A	-0.53%
PTC	A	-0.52%
YUM	B	-0.5%
XEL	A	-0.46%
UBER	D	-0.45%
XOM	B	-0.45%
WDAY	B	-0.43%
EG	C	-0.43%
ERIE	D	-0.42%
VRSK	A	-0.42%
BAH	F	-0.39%
AEP	D	-0.39%
WTW	B	-0.38%
ROL	B	-0.36%
IT	C	-0.35%
AFG	A	-0.35%
CVX	A	-0.34%
MKL	A	-0.34%
GRMN	B	-0.33%
AIZ	A	-0.32%
NBIX	C	-0.32%
WMB	A	-0.31%
WRB	A	-0.31%
GLW	B	-0.31%
FWONK	B	-0.31%
ICE	C	-0.28%
L	A	-0.28%
HON	B	-0.25%
AEE	A	-0.24%
HUBS	A	-0.24%
D	C	-0.23%
AZPN	A	-0.23%
ALNY	D	-0.22%
BMRN	D	-0.22%
TW	A	-0.2%
DTE	C	-0.2%
DPZ	C	-0.19%
CRWD	B	-0.19%
CMS	C	-0.19%
MELI	D	-0.18%
MOH	F	-0.18%
EOG	A	-0.17%
STX	D	-0.16%
GOOG	C	-0.16%
UTHR	C	-0.14%
AMZN	C	-0.14%
MDT	D	-0.13%
OXY	D	-0.12%
LNT	A	-0.1%
RTX	C	-0.09%
TEL	B	-0.07%
ATO	A	-0.06%
PSX	C	-0.06%
FSLR	F	-0.06%
KNX	B	-0.06%
VLO	C	-0.05%
BR	A	-0.05%
GD	F	-0.05%
ULTA	F	-0.04%