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Trending ETFs

Name

As of 05/20/2024

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

$22.08

$87.6 M

0.50%

$0.11

0.70%

Vitals

YTD Return

9.6%

1 yr return

23.1%

3 Yr Avg Return

0.1%

5 Yr Avg Return

4.6%

Net Assets

$87.6 M

Holdings in Top 10

22.3%

52 WEEK LOW AND HIGH

$22.2
$17.86
$22.16

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 109.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/20/2024

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

$22.08

$87.6 M

0.50%

$0.11

0.70%

ECOW - Profile

Distributions

  • YTD Total Return 9.6%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.12%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Pacer Emerging Markets Cash Cows 100 ETF
  • Fund Family Name
    Pacer
  • Inception Date
    May 02, 2019
  • Shares Outstanding
    500000
  • 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 by Index Design Group, 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 large and mid-capitalization companies in emerging markets 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 FTSE Emerging Markets Index. The Fund defines emerging markets countries as those countries included in the FTSE Emerging Markets Index. As of June 30, 2023, the Index had significant exposure to companies in China. 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 with no forward year estimates available for free cash flows or earnings 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”), companies with a market capitalization of less than $2 billion, and companies whose average daily trading value (“ADTV”) for the prior 90 days does not exceed $5 million are excluded from 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
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 (the “Top 100 Companies”) are included in the Index, subject to the exceptions described below.
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. Additionally, the Index is limited to a maximum of twenty companies from any individual country and any sector. As of June 30, 2023, the Index did not have significant exposure to companies in any sector. If the Top 100 Companies include more than 20 companies from an individual country or sector (the “Exposure Limit”), the Index will exclude the companies with the lowest free cash flow yield from each country and/or sector needed to meet the Exposure Limit and will include companies outside the Top 100 Companies based on their free cash flow yield until the Index includes 100 companies and satisfies the Exposure Limit. As of June 30, 2023, the companies included in the Index had a market capitalization of $824 million to $127 billion. The Index is reconstituted and rebalanced semi-annually as of the close of business on the third Friday of June and December based on data as of the firstFriday 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 and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities (e.g., 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, but may, when the Adviser believes it is in the best interests of the Fund, use a “representative sampling” strategy, meaning it may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole.
The Fund may also invest up to 20% of its assets in cash and cash equivalents, other investment companies, as well as securities and other instruments not included in the Index but which the Adviser believes will help the Fund track the Index.
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ECOW - Performance

Return Ranking - Trailing

Period ECOW Return Category Return Low Category Return High Rank in Category (%)
YTD 9.6% -3.6% 21.1% 37.24%
1 Yr 23.1% -3.6% 37.2% 13.66%
3 Yr 0.1%* -18.9% 11.1% 18.82%
5 Yr 4.6%* -4.1% 13.4% 52.54%
10 Yr N/A* -2.5% 6.6% 68.37%

* Annualized

Return Ranking - Calendar

Period ECOW Return Category Return Low Category Return High Rank in Category (%)
2023 9.4% -6.5% 35.5% 41.39%
2022 -24.9% -50.1% -2.4% 57.40%
2021 3.0% -33.1% 22.5% 16.24%
2020 -6.2% -22.1% 80.1% 98.13%
2019 N/A -0.7% 42.0% N/A

Total Return Ranking - Trailing

Period ECOW Return Category Return Low Category Return High Rank in Category (%)
YTD 9.6% -3.6% 21.1% 37.24%
1 Yr 23.1% -3.6% 37.2% 13.66%
3 Yr 0.1%* -18.9% 11.1% 18.82%
5 Yr 4.6%* -4.1% 13.4% 52.54%
10 Yr N/A* -2.5% 6.6% N/A

* Annualized

Total Return Ranking - Calendar

Period ECOW Return Category Return Low Category Return High Rank in Category (%)
2023 15.8% -2.7% 42.0% 20.90%
2022 -19.3% -42.2% 1.9% 24.40%
2021 7.5% -32.5% 33.1% 15.05%
2020 -2.5% -20.0% 81.6% 97.36%
2019 N/A 2.3% 42.0% N/A

ECOW - Holdings

Concentration Analysis

ECOW Category Low Category High ECOW % Rank
Net Assets 87.6 M 930 K 103 B 76.81%
Number of Holdings 113 10 7049 42.84%
Net Assets in Top 10 19.2 M 353 K 19.2 B 80.08%
Weighting of Top 10 22.31% 2.9% 140.4% 87.43%

Top 10 Holdings

  1. China Coal Energy Co Ltd 2.50%
  2. Quanta Computer Inc 2.41%
  3. China Shenhua Energy Co Ltd 2.31%
  4. COSCO SHIPPING Holdings Co Ltd 2.23%
  5. Petroleo Brasileiro SA 2.22%
  6. Grupo Mexico SAB de CV 2.21%
  7. PetroChina Co Ltd 2.17%
  8. KOC Holding AS 2.12%
  9. Tenaga Nasional Bhd 2.08%
  10. Asustek Computer Inc 2.06%

Asset Allocation

Weighting Return Low Return High ECOW % Rank
Stocks
93.40% 0.00% 103.65% 82.26%
Preferred Stocks
6.12% 0.00% 10.09% 4.37%
Cash
0.48% -2.03% 40.36% 81.86%
Other
0.00% -0.39% 50.31% 85.13%
Convertible Bonds
0.00% 0.00% 7.40% 84.75%
Bonds
0.00% 0.00% 94.30% 87.45%

Stock Sector Breakdown

Weighting Return Low Return High ECOW % Rank
Basic Materials
30.03% 0.00% 30.03% 0.14%
Energy
16.84% 0.00% 24.80% 0.97%
Industrials
15.49% 0.00% 43.53% 5.52%
Communication Services
10.07% 0.00% 39.29% 35.64%
Consumer Cyclical
9.88% 0.00% 48.94% 79.28%
Technology
8.47% 0.00% 47.50% 97.10%
Consumer Defense
5.12% 0.00% 25.90% 70.58%
Utilities
2.68% 0.00% 39.12% 30.11%
Healthcare
0.86% 0.00% 16.53% 92.54%
Financial Services
0.55% 0.00% 48.86% 99.72%
Real Estate
0.00% 0.00% 17.15% 96.96%

Stock Geographic Breakdown

Weighting Return Low Return High ECOW % Rank
Non US
80.04% 0.00% 100.18% 63.30%
US
13.36% 0.00% 99.51% 38.88%

ECOW - Expenses

Operational Fees

ECOW Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.03% 29.98% 87.70%
Management Fee 0.70% 0.00% 2.00% 21.72%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

ECOW 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% 5.00% N/A

Trading Fees

ECOW Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

ECOW Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 109.00% 0.00% 189.00% 89.52%

ECOW - Distributions

Dividend Yield Analysis

ECOW Category Low Category High ECOW % Rank
Dividend Yield 0.50% 0.00% 9.74% 4.50%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ECOW Category Low Category High ECOW % Rank
Net Income Ratio 3.12% -1.98% 17.62% 6.23%

Capital Gain Distribution Analysis

ECOW Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Quarterly Annually

Distributions History

View More +

ECOW - Fund Manager Analysis

Managers

Bruce Kavanaugh


Start Date

Tenure

Tenure Rank

May 02, 2019

3.08

3.1%

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
0.09 33.71 6.52 13.42