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Name

As of 06/01/2026

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

Pacer US Small Cap Cash Cows ETF

CALF | ETF

$51.21

$3.44 B

0.55%

$0.28

0.59%

Vitals

YTD Return

15.6%

1 yr return

35.2%

3 Yr Avg Return

11.4%

5 Yr Avg Return

4.7%

Net Assets

$3.44 B

Holdings in Top 10

28.5%

52 WEEK LOW AND HIGH

$50.0
$38.82
$51.21

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 06/01/2026

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

Pacer US Small Cap Cash Cows ETF

CALF | ETF

$51.21

$3.44 B

0.55%

$0.28

0.59%

CALF - Profile

Distributions

  • YTD Total Return 15.6%
  • 3 Yr Annualized Total Return 11.4%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.33%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Pacer US Small Cap Cash Cows 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 (“IDG” or 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”.
The initial Index universe is derived from the component companies of the S&P United States SmallCap Index. Component companies of the initial universe are screened based on their 3-month average daily trading volume. The equity securities of the companies with a 3-month average daily trading volume in the top 75% of the initial universe are included in the Index. The remaining universe is then screened based on the 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.
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
Companies with negative average projected free cash flows or earnings are removed from the Index universe. Equity securities that are not listed for trading on a U.S. securities exchange are excluded 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 200 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 the lesser of (i) 2% or (ii) a percentage equal to 5% of a company’s free float market capitalization, assuming Index market capitalization of $20 billion. Weight above the 2% foregoing limitation is redistributed among the other Index constituents in proportion to their weights. As of June 30, 2025, the companies included in the Index had a market capitalization range of $244 million to $26 billion. From time to time, the Index may include more or less than 200 companies as a result of events such as acquisitions, spinoffs and other corporate actions. The Index is reconstituted and rebalanced quarterly as of the close of business on the 3rd Friday of March, June, September, and December based on data as of the 2nd Friday of the applicable rebalance month and will be completed over the next five days. As of June 30, 2025 the Index had significant exposure to the consumer discretionary sector.
The Fund’s Investment Strategy
The Fund is classified as “diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”). However, the Fund may become “non-diversified” solely as a result of a change in the relative market capitalization or index weighting of one or more constituents of the Index.
Under normal circumstances, at least 80% of the Fund’s net assets (plus any borrowings for investment purposes) will be invested in U.S.-listed small-capitalization equity securities that are the component securities of the Index. The Fund considers “small-capitalization” companies to be companies within the S&P United States SmallCap Index. The Fund defines “equity securities” to mean common stocks, and may include preferred stocks, rights, warrants, and depositary receipts. 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 15.6% -6.7% 28.3% 35.55%
1 Yr 35.2% -2.8% 63.7% 37.85%
3 Yr 11.4%* -3.0% 34.9% 83.38%
5 Yr 4.7%* -5.2% 44.1% 82.16%
10 Yr N/A* 2.9% 31.2% 46.03%

* Annualized

Return Ranking - Calendar

Period CALF Return Category Return Low Category Return High Rank in Category (%)
2025 0.8% -51.1% 63.2% 43.73%
2024 -8.4% -39.7% 22.5% 90.03%
2023 33.6% -6.0% 33.6% 0.26%
2022 -15.9% -33.6% 212.9% 46.72%
2021 37.0% -62.0% 147.6% 8.94%

Total Return Ranking - Trailing

Period CALF Return Category Return Low Category Return High Rank in Category (%)
YTD 15.6% -6.7% 28.3% 35.55%
1 Yr 35.2% -2.8% 63.7% 37.85%
3 Yr 11.4%* -3.0% 34.9% 83.38%
5 Yr 4.7%* -5.2% 44.1% 82.16%
10 Yr N/A* 2.9% 31.2% N/A

* Annualized

Total Return Ranking - Calendar

Period CALF Return Category Return Low Category Return High Rank in Category (%)
2025 2.3% -6.4% 67.1% 72.12%
2024 -7.4% -7.4% 26.1% 100.00%
2023 35.4% 1.8% 35.4% 0.26%
2022 -15.2% -25.2% 250.0% 88.98%
2021 40.7% -3.0% 157.9% 7.05%

CALF - Holdings

Concentration Analysis

CALF Category Low Category High CALF % Rank
Net Assets 3.44 B 6.04 M 64.9 B 14.32%
Number of Holdings 201 10 1553 29.92%
Net Assets in Top 10 1.01 B 482 K 3.72 B 8.70%
Weighting of Top 10 28.55% 6.1% 101.9% 25.38%

Top 10 Holdings

  1. Mount Vernon Liquid Assets Portfolio, LLC 10.22%
  2. Devon Energy Corp 2.15%
  3. CF Industries Holdings Inc 2.14%
  4. Biogen Inc 2.07%
  5. Zoom Communications Inc 2.06%
  6. Fox Corp 2.05%
  7. APA Corp 2.04%
  8. TechnipFMC PLC 1.97%
  9. Expedia Group Inc 1.93%
  10. United Airlines Holdings Inc 1.92%

Asset Allocation

Weighting Return Low Return High CALF % Rank
Stocks 		99.89% 3.76% 103.27% 6.39%
Cash 		10.29% 0.00% 30.93% 9.21%
Preferred Stocks 		0.00% 0.00% 0.95% 94.12%
Other 		0.00% -0.55% 21.38% 91.82%
Convertible Bonds 		0.00% 0.00% 2.63% 94.03%
Bonds 		0.00% 0.00% 141.40% 93.61%

Stock Sector Breakdown

Weighting Return Low Return High CALF % Rank
Consumer Cyclical 		39.41% 0.35% 51.62% 0.52%
Industrials 		15.48% 0.65% 48.61% 65.09%
Basic Materials 		10.79% 0.00% 67.30% 7.87%
Technology 		10.59% 0.00% 27.23% 35.96%
Energy 		6.72% 0.00% 29.42% 67.19%
Consumer Defense 		6.51% 0.00% 13.22% 16.80%
Healthcare 		6.18% 0.00% 25.76% 51.71%
Real Estate 		2.92% 0.00% 44.41% 81.36%
Communication Services 		1.40% 0.00% 17.58% 74.02%
Utilities 		0.00% 0.00% 13.86% 98.95%
Financial Services 		0.00% 0.00% 35.05% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High CALF % Rank
US 		99.89% 3.76% 103.27% 5.12%
Non US 		0.00% 0.00% 61.95% 95.14%

CALF - Expenses

Operational Fees

CALF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.03% 36.05% 92.84%
Management Fee 0.59% 0.01% 1.50% 11.03%
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 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% 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% 96.46%

CALF - Distributions

Dividend Yield Analysis

CALF Category Low Category High CALF % Rank
Dividend Yield 0.55% 0.00% 14.14% 69.82%

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% 58.27%

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 8.37 3.58

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