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Trending ETFs

Name

As of 07/11/2024

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

$31.20

$1.46 B

12.45%

$3.89

0.65%

Vitals

YTD Return

3.3%

1 yr return

8.0%

3 Yr Avg Return

3.1%

5 Yr Avg Return

7.9%

Net Assets

$1.46 B

Holdings in Top 10

28.3%

52 WEEK LOW AND HIGH

$31.0
$28.56
$33.04

Expenses

OPERATING FEES

Expense Ratio 0.65%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 83.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/11/2024

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

$31.20

$1.46 B

12.45%

$3.89

0.65%

ICOW - Profile

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 7.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.52%
DIVIDENDS
  • Dividend Yield 12.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Pacer Developed Markets International Cash Cows 100 ETF
  • Fund Family Name
    Pacer
  • Inception Date
    Jun 16, 2017
  • Shares Outstanding
    4100000
  • 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 large and mid-capitalization non-U.S. companies in developed markets 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 FTSE Developed ex US 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 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”), and companies with a market capitalization of less than $3 billion are excluded from the Index universe.
The remaining companies are ranked by their average daily trading value (“ADTV”) for the prior three months. The 500 companies with the highest ADTV are then 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. As of June 30, 2023, the Index did not have significant exposure to companies in any countries, and the companies included in the Index had a market capitalization of $4 billion to $200 billion. The Index is reconstituted and rebalanced semi-annually as of the close of business on the 3rd Friday of June and December based on data as of the 1st 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 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 in the same approximate proportion as in the Index.
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ICOW - Performance

Return Ranking - Trailing

Period ICOW Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -1.9% 15.5% 88.50%
1 Yr 8.0% -1.0% 28.1% 87.86%
3 Yr 3.1%* -5.0% 75.6% 74.10%
5 Yr 7.9%* 0.0% 46.1% 29.89%
10 Yr N/A* -1.1% 21.7% 66.17%

* Annualized

Return Ranking - Calendar

Period ICOW Return Category Return Low Category Return High Rank in Category (%)
2023 14.6% 1.0% 26.9% 32.70%
2022 -12.7% -27.8% 166.1% 42.81%
2021 9.2% -66.6% 64.4% 31.82%
2020 4.2% -23.1% 17.3% 15.31%
2019 14.1% 4.4% 31.6% 57.69%

Total Return Ranking - Trailing

Period ICOW Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -1.9% 15.5% 88.50%
1 Yr 8.0% -1.0% 28.1% 87.86%
3 Yr 3.1%* -5.0% 75.6% 74.10%
5 Yr 7.9%* 0.0% 46.1% 29.89%
10 Yr N/A* -1.1% 21.7% N/A

* Annualized

Total Return Ranking - Calendar

Period ICOW Return Category Return Low Category Return High Rank in Category (%)
2023 19.0% 5.4% 31.0% 36.48%
2022 -8.0% -19.9% 344.3% 35.46%
2021 11.5% -0.2% 75.3% 55.52%
2020 7.3% -20.4% 18.9% 8.84%
2019 17.9% 11.2% 32.1% 56.64%

ICOW - Holdings

Concentration Analysis

ICOW Category Low Category High ICOW % Rank
Net Assets 1.46 B 2.04 M 46.7 B 31.66%
Number of Holdings 102 2 2636 49.22%
Net Assets in Top 10 397 M 410 K 14.6 B 28.53%
Weighting of Top 10 28.28% 6.0% 100.0% 40.25%

Top 10 Holdings

  1. Mount Vernon Liquid Assets Portfolio, LLC 8.55%
  2. Mitsui Co Ltd 2.52%
  3. Kia Corp 2.49%
  4. Suncor Energy Inc 2.22%
  5. Cie de Saint-Gobain SA 2.21%
  6. Shell PLC 2.11%
  7. Inpex Corp 2.07%
  8. BP PLC 2.06%
  9. Koninklijke Ahold Delhaize NV 2.03%
  10. Nippon Yusen KK 2.01%

Asset Allocation

Weighting Return Low Return High ICOW % Rank
Stocks
99.27% 2.55% 104.96% 10.03%
Cash
8.56% 0.00% 12.53% 4.08%
Preferred Stocks
0.00% 0.00% 5.97% 65.83%
Other
0.00% -0.16% 38.54% 49.84%
Convertible Bonds
0.00% 0.00% 0.15% 32.60%
Bonds
0.00% 0.00% 76.40% 35.74%

Stock Sector Breakdown

Weighting Return Low Return High ICOW % Rank
Basic Materials
20.68% 0.00% 30.76% 2.53%
Industrials
19.63% 1.03% 36.79% 6.96%
Energy
15.25% 0.00% 26.59% 3.48%
Consumer Cyclical
14.50% 0.00% 27.46% 17.41%
Communication Services
12.01% 0.00% 22.75% 8.86%
Technology
7.25% 0.00% 24.16% 45.89%
Consumer Defense
6.14% 0.00% 31.84% 63.61%
Healthcare
3.56% 0.00% 23.28% 95.57%
Utilities
0.98% 0.00% 27.46% 84.81%
Real Estate
0.00% 0.00% 17.06% 86.39%
Financial Services
0.00% 0.00% 42.76% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High ICOW % Rank
Non US
77.70% 0.00% 99.07% 91.85%
US
21.58% 0.00% 99.97% 5.33%

ICOW - Expenses

Operational Fees

ICOW Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.01% 7.03% 84.01%
Management Fee 0.65% 0.00% 1.25% 37.42%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.47% N/A

Sales Fees

ICOW 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

ICOW Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

ICOW Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 83.00% 2.00% 158.16% 79.64%

ICOW - Distributions

Dividend Yield Analysis

ICOW Category Low Category High ICOW % Rank
Dividend Yield 12.45% 0.00% 13.19% 42.14%

Dividend Distribution Analysis

ICOW Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual SemiAnnual Annual

Net Income Ratio Analysis

ICOW Category Low Category High ICOW % Rank
Net Income Ratio 2.52% 0.18% 7.85% 44.84%

Capital Gain Distribution Analysis

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

Distributions History

View More +

ICOW - 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
0.2 29.68 7.61 0.54