<< RAFI Fundamental Indices

RAFIGLBT

RAFI Fundamental Global Index

DATA AS OF: 09-30-2018  ASSET CLASS: Equity

rafi-roadmap-banner-bg-color-01-6line

Commentary

The RAFI Fundamental Global Index underperformed its benchmark, the FTSE All World Index, by 38 bps for the quarter driven by continued headwinds in value (4.2% for MSCI ACWI Value vs 4.4% MSCI ACWI). The biggest detractor to underperformance was an underweight to Amazon (-0.18 bps). Technology was a mixed bag with an underweight allocation resulting in the next two largest detractors from performance, Apple (-10 bps), and Microsoft (-9 bps), as well as the three biggest contributors, Facebook (17 bps), Tencent (13 bps), and Alibaba (5 bps). Regionally, an underweight to the United States was the biggest detractor of performance (-0.26 bps) which is not surprising considering the three largest detractors were all US companies.

Trailing Returns

SOURCE: FactSet | Data: As of 09/30/2018 in USD  |  INCEPTION DATE: 01/31/2017

* Inception to Date (ITD) uses the first full month of returns after inception date. All returns prior to inception are simulated, please see disclosures for important information regarding simulated performance.

** Annualized tracking error calculated against each section’s appropriate benchmark using the first full month of returns following index inception. Index returns prior to inception are simulated.

Characteristics

SOURCE: FactSet | Data: As of 09/30/2018 in USD  |  INCEPTION DATE: 01/31/2017

NOTE: Portfolio characteristics derived from FactSet. Data prior to launch is simulated. One-way turnover data is historical average based on simulated history. Capacity is estimated at 50 basis point market impact level.

Top 10 Holdings

SOURCE: FactSet  |  DATA: As of 09/30/2018 in USD

Sectors

SOURCE: FactSet  |  DATA: As of 09/30/2018 in USD

Regions

SOURCE: FactSet  |  DATA: As of 09/30/2018 in USD

Explore Expected Returns with Research Affiliates' Smart Beta Interactive

Smart Beta Interactive
RAFI Indices is built with the research, insights, and strategies of our sister company: Research Affiliates, LLC