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Trending ETFs

Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$46.34

$9.73 B

0.71%

$0.33

0.59%

Vitals

YTD Return

-3.4%

1 yr return

24.7%

3 Yr Avg Return

4.0%

5 Yr Avg Return

16.4%

Net Assets

$9.73 B

Holdings in Top 10

31.3%

52 WEEK LOW AND HIGH

$45.8
$36.59
$49.16

Expenses

OPERATING FEES

Expense Ratio 0.59%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 123.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$46.34

$9.73 B

0.71%

$0.33

0.59%

CALF - Profile

Distributions

  • YTD Total Return -3.4%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 16.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.33%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Pacer US Small Cap Cash Cows 100 ETF
  • Fund Family Name
    Pacer
  • Inception Date
    Jun 16, 2017
  • Shares Outstanding
    23500000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Bruce Kavanaugh

Fund Description

The Fund employs a “passive management” (or indexing) investment approach designed to track the total return performance, before fees and expenses, of the Index. The Index is based on a proprietary methodology developed and maintained by Index Design Group (the “Index Provider”), an affiliate of Pacer Advisors, Inc., the Fund’s investment adviser (the “Adviser”).
The Index
The Index uses an objective, rules-based methodology to provide exposure to small-capitalization U.S. companies with high free cash flow yields. Companies with high free cash flow yields are commonly referred to as “cash cows”.
Free Cash Flow (FCF): A company’s cash flow from operations minus capital expenditures.
Enterprise Value (EV): A company’s market capitalization plus its debt and minus its cash and cash equivalents.
Free Cash Flow Yield: FCF / EV
The initial Index universe is derived from the component companies of the S&P Small Cap 600® Index. The initial universe of companies is screened based on their average projected free cash flows and earnings (if available) over each of the next two fiscal years. Companies for which information on their projected free cash flows or earnings is not available will remain in the Index universe. Companies with negative average projected free cash flows or earnings are removed from the Index universe. Additionally, financial companies, other than real estate investment trusts (“REITs”), are excluded from the Index universe.
The remaining companies are ranked by their free cash flow yield for the trailing twelve month period. The equity securities of the 100 companies with the highest free cash flow yield are included in the Index.
At the time of each rebalance of the Index, the companies included in the Index are weighted in proportion to their trailing twelve month free cash flow, and weightings are capped at 2% of the weight of the Index for any individual company. Weight above the 2% limitation is redistributed among the other Index constituents in proportion to their weights. As of June 30, 2023, the companies included in the Index had a market capitalization of $375 million to $5.5 billion. The Index is reconstituted and rebalanced quarterly as of the close of business on the 3nd Friday of March, June, September, and December based on data as of the 2nd Friday of the applicable rebalance month.
The Fund’s Investment Strategy
Under normal circumstances, at least 80% of the Fund’s total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the Index. The Adviser expects that, over time, the correlation between the Fund’s performance and that of the Index, before fees and expenses, will be 95% or better.
The Fund will generally use a “replication” strategy to achieve its investment objective, meaning it will invest in all of the component securities of the Index in the same approximate proportion as in the Index.
Read More

CALF - Performance

Return Ranking - Trailing

Period CALF Return Category Return Low Category Return High Rank in Category (%)
YTD -3.4% -8.8% 16.2% 97.95%
1 Yr 24.7% 1.8% 46.2% 13.01%
3 Yr 4.0%* -15.0% 65.9% 29.26%
5 Yr 16.4%* -3.1% 50.4% 4.12%
10 Yr N/A* -3.4% 26.7% 46.03%

* Annualized

Return Ranking - Calendar

Period CALF Return Category Return Low Category Return High Rank in Category (%)
2023 33.6% -6.0% 33.6% 0.23%
2022 -15.9% -36.7% 212.9% 44.86%
2021 37.0% -62.0% 147.6% 8.43%
2020 15.2% -24.8% 31.3% 4.69%
2019 16.9% -21.7% 34.0% 66.06%

Total Return Ranking - Trailing

Period CALF Return Category Return Low Category Return High Rank in Category (%)
YTD -3.4% -8.8% 16.2% 97.95%
1 Yr 24.7% 1.8% 46.2% 13.01%
3 Yr 4.0%* -15.0% 65.9% 29.26%
5 Yr 16.4%* -3.1% 50.4% 4.12%
10 Yr N/A* -3.4% 26.7% N/A

* Annualized

Total Return Ranking - Calendar

Period CALF Return Category Return Low Category Return High Rank in Category (%)
2023 35.4% 1.8% 35.4% 0.23%
2022 -15.2% -36.7% 250.0% 88.08%
2021 40.7% -3.0% 157.9% 6.27%
2020 16.6% -13.5% 33.4% 4.44%
2019 18.2% -1.5% 34.3% 92.23%

CALF - Holdings

Concentration Analysis

CALF Category Low Category High CALF % Rank
Net Assets 9.73 B 2.13 M 52.9 B 2.05%
Number of Holdings 102 10 1578 51.14%
Net Assets in Top 10 2.4 B 180 K 3.01 B 3.42%
Weighting of Top 10 31.26% 5.0% 92.1% 20.14%

Top 10 Holdings

  1. Mount Vernon Liquid Assets Portfolio, LLC 11.61%
  2. Alpha Metallurgical Resources Inc 2.50%
  3. MDC Holdings Inc 2.39%
  4. Boise Cascade Co 2.27%
  5. Mueller Industries Inc 2.12%
  6. CVR Energy Inc 2.11%
  7. Abercrombie Fitch Co 2.10%
  8. M/I Homes Inc 2.09%
  9. Tri Pointe Homes Inc 2.07%
  10. Cal-Maine Foods Inc 2.01%

Asset Allocation

Weighting Return Low Return High CALF % Rank
Stocks
99.86% 1.79% 104.11% 6.16%
Cash
11.77% 0.00% 41.08% 5.48%
Preferred Stocks
0.00% 0.00% 2.62% 84.70%
Other
0.00% -1.78% 40.01% 85.39%
Convertible Bonds
0.00% 0.00% 2.63% 84.26%
Bonds
0.00% 0.00% 73.18% 84.47%

Stock Sector Breakdown

Weighting Return Low Return High CALF % Rank
Consumer Cyclical
39.41% 0.00% 51.62% 0.70%
Industrials
15.48% 0.65% 48.61% 65.89%
Basic Materials
10.79% 0.00% 67.30% 7.48%
Technology
10.59% 0.00% 34.03% 35.75%
Energy
6.72% 0.00% 29.42% 66.12%
Consumer Defense
6.51% 0.00% 13.22% 16.59%
Healthcare
6.18% 0.00% 25.76% 50.70%
Real Estate
2.92% 0.00% 44.41% 81.31%
Communication Services
1.40% 0.00% 24.90% 74.53%
Utilities
0.00% 0.00% 13.86% 97.90%
Financial Services
0.00% 0.00% 35.71% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High CALF % Rank
US
99.86% 1.79% 104.11% 4.79%
Non US
0.00% 0.00% 67.90% 86.53%

CALF - Expenses

Operational Fees

CALF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.05% 37.04% 93.15%
Management Fee 0.59% 0.00% 1.50% 11.67%
12b-1 Fee N/A 0.00% 1.00% 22.56%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

CALF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CALF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CALF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 123.00% 7.00% 252.00% 96.60%

CALF - Distributions

Dividend Yield Analysis

CALF Category Low Category High CALF % Rank
Dividend Yield 0.71% 0.00% 14.14% 67.81%

Dividend Distribution Analysis

CALF Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

CALF Category Low Category High CALF % Rank
Net Income Ratio 0.33% -1.43% 4.13% 58.18%

Capital Gain Distribution Analysis

CALF Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

CALF - Fund Manager Analysis

Managers

Bruce Kavanaugh


Start Date

Tenure

Tenure Rank

Jun 16, 2017

4.96

5.0%

Mr. Kavanaugh has been Vice President of the Adviser since it began operations in 2004. He has been a portfolio manager with the Adviser since 2013.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 37.45 8.2 3.58