Pacer CSOP FTSE China A50 ETF
ALTAR
Score™		 9.0% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 11.3x P/Sales
ratio		 1.5x
P/BV
ratio		 1.4x Div.
yield		 3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
AFTY tracks an index of the 50 largest China A-shares listed on the Shanghai and Shenzhen stock exchanges.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Pacer Advisors
Website www.paceretfs.com
Inception date Mar 11, 2015
Assets (mns) $5
Currency USD
Expense ratio 70 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 54
Wgt avg mkt cap (mns) $110,532
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 5.4%
Emerging mkts 94.6%

TOP TEN HOLDINGS
KWEICHOW MOUTAI CO LTD-A 11.5 %
CONTEMPORARY AMPEREX TECHNOLOGY CO 6.0 %
CHINA YANGTZE POWER CO LTD-A 5.0 %
CHINA MERCHANTS BANK -A 4.6 %
PING AN INSURANCE (GROUP) COMPANY 3.5 %
BYD CO LTD -A 3.4 %
IND & COMM BK OF CHINA - A 3.2 %
WULIANGYE YIBIN CO LTD-A 3.1 %
AGRICULTURAL BANK OF CHINA-A 2.8 %
INDUSTRIAL BANK CO LTD -A 2.5 %
Total 45.5 %

TOP COUNTRY EXPOSURE
CHINA 99.1 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 0.13 1%
MSCI EAFE 0.48 11%
MSCI Emg. Mkts. 0.96 44%

Technical Indicators
Recent close $16.28
30d moving avg. $14.78
Annualized volatility 25.3%
Short interest (ETF) 0.7%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 43
Turnover 14.1%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $14,857

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 111 potential alternatives to the Pacer CSOP FTSE China A50 ETF ETF based on the alternatives' overlap in portfolio holdings with AFTY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AFTY Expense: 70 bp ALTAR Score™: 9.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AFTY
Ticker Fund
Name		 Overlap1
vs AFTY
(%)		 Expense
ratio
(bp)		 Savings
vs AFTY
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs AFTY
(%)
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 70.2 55 15 8.5 -0.6
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 45.3 65 5 7.9 -1.1
RAYC Rayliant Quantamental China Equity ETF 43.2 80 -10 8.6 -0.4
CNYA iShares MSCI China A ETF 37.3 60 10 8.0 -1.1
KALL KraneShares MSCI All China Index ETF 22.6 49 21 9.0 -0.0
MCH Matthews China Active ETF 14.7 79 -9 5.4 -3.7
KGRN KraneShares MSCI China Clean Technology Index ETF 14.4 79 -9 5.6 -3.4
JCHI JPMorgan Active China ETF 14.3 65 5 8.0 -1.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 14.3 32 38 6.1 -3.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 13.4 60 10 9.8 +0.8
OBOR KraneShares MSCI One Belt One Road Index ETF 10.2 79 -9 10.3 +1.2
EV Mast Global Battery Recycling & Production ETF 9.4 65 5 12.2 +3.2
TCHI iShares MSCI China Multisector Tech ETF 8.2 59 11 1.9 -7.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 7.7 72 -2 1.0 -8.1
CGRO CoreValues Alpha Greater China Growth ETF 7.2 75 -5 2.0 -7.1
FLCH Franklin FTSE China ETF 6.9 19 51 8.8 -0.2
IBAT iShares Energy Storage & Materials ETF 6.0 47 23 3.1 -5.9
BATT Amplify Lithium & Battery Technology ETF 6.0 59 11 -0.1 -9.1
MCHI iShares MSCI China ETF 5.8 59 11 8.4 -0.7
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 4.9 65 5 3.9 -5.1
LIT Global X Lithium & Battery Tech ETF 4.3 75 -5 9.1 +0.0
GSFP Goldman Sachs Future Planet Equity ETF 4.3 75 -5 4.2 -4.8
KURE KraneShares MSCI All China Health Care Index ETF 4.0 65 5 4.3 -4.7
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 3.9 45 25 5.7 -3.4
ICLN iShares Global Clean Energy ETF 3.9 41 29 6.0 -3.1
CHIQ Global X MSCI China Consumer Discretionary ETF 3.3 65 5 5.9 -3.1
MEM Matthews Emerging Markets Equity Active ETF 3.2 79 -9 5.4 -3.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.2 33 37 8.2 -0.8
GXC SPDR S&P China ETF 3.0 59 11 8.3 -0.7
BKF iShares MSCI BIC ETF 3.0 69 1 6.9 -2.1
ECON Columbia Emerging Markets Consumer ETF 2.9 49 21 7.3 -1.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.9 32 38 6.2 -2.8
EQLT iShares MSCI Emerging Markets Quality Factor ETF 2.9 35 35 7.4 -1.7
MINV Matthews Asia Innovators Active ETF 2.9 79 -9 3.0 -6.1
NUEM Nuveen ESG Emerging Markets Equity ETF 2.8 36 34 6.5 -2.6
DEHP Dimensional Emerging Markets High Profitability ETF 2.4 41 29 5.0 -4.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.3 44 26 10.6 +1.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.3 50 20 13.0 +4.0
DEM WisdomTree Emerging Markets High Dividend Fund 2.2 63 7 18.9 +9.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 2.1 25 45 6.6 -2.4
ESGE iShares ESG Aware MSCI EM ETF 2.1 25 45 7.1 -1.9
FLAX Franklin FTSE Asia Ex Japan ETF 2.0 19 51 6.9 -2.2
GBUY Goldman Sachs Future Consumer Equity ETF 2.0 75 -5 3.3 -5.7
EEMA iShares MSCI Emerging Markets Asia ETF 2.0 49 21 6.5 -2.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.9 45 25 11.0 +1.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.9 46 24 9.3 +0.3
TEMP JPMorgan Climate Change Solutions ETF 1.9 49 21 5.5 -3.6
BLLD JPMorgan Sustainable Infrastructure ETF 1.9 49 21 5.7 -3.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.8 70 0 6.2 -2.9
IGRO iShares International Dividend Growth ETF 1.8 15 55 7.5 -1.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.8 30 40 8.1 -0.9
TTAI FCF International Quality ETF 1.6 59 11 5.6 -3.4
VWO Vanguard FTSE Emerging Markets ETF 1.6 8 62 6.9 -2.1
EEM iShares MSCI Emerging Markets ETF 1.5 69 1 6.9 -2.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.5 15 55 7.2 -1.8
BKEM BNY Mellon Emerging Markets Equity ETF 1.5 11 59 8.4 -0.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.5 66 4 10.0 +1.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.5 36 34 7.8 -1.2
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.5 45 25 -0.6 -9.6
EMXF iShares ESG Advanced MSCI EM ETF 1.4 16 54 6.8 -2.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.4 15 55 10.2 +1.2
EMGF iShares Emerging Markets Equity Factor ETF 1.3 25 45 8.5 -0.5
KSTR KraneShares SSE STAR Market 50 Index ETF 1.3 89 -19 2.1 -6.9
CQQQ Invesco China Technology ETF 1.3 70 0 -7.9 -16.9
URAN Themes Uranium & Nuclear ETF 1.2 35 35 1.9 -7.2
LDEM iShares ESG MSCI EM Leaders ETF 1.2 17 53 7.6 -1.4
ACWV iShares MSCI Global Min Vol Factor ETF 1.2 20 50 6.3 -2.7
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 61 7.5 -1.6
PXH Invesco FTSE RAFI Emerging Markets ETF 1.2 49 21 12.2 +3.2
GMF SPDR S&P Emerging Asia Pacific ETF 1.2 49 21 6.1 -2.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.1 59 11 11.3 +2.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.0 20 50 6.8 -2.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.0 41 29 7.4 -1.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.0 78 -8 9.0 -0.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.0 30 40 7.3 -1.7
DFAE Dimensional Emerging Core Equity Market ETF 1.0 35 35 7.3 -1.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.9 49 21 8.2 -0.9
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 63 7.3 -1.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.9 35 35 12.4 +3.4
BECO BlackRock Future Climate and Sustainable Economy ETF 0.8 70 0 11.9 +2.9
VEGI iShares MSCI Agriculture Producers ETF 0.8 39 31 9.2 +0.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 32 7.8 -1.2
VIGI Vanguard International Dividend Appreciation ETF 0.7 15 55 6.4 -2.6
CGXU Capital Group International Focus Equity ETF 0.7 54 16 4.9 -4.2
XT iShares Exponential Technologies ETF 0.7 46 24 4.8 -4.3
RING iShares MSCI Global Gold Miners ETF 0.7 39 31 5.6 -3.5
VYMI Vanguard International High Dividend Yield ETF 0.6 22 48 9.8 +0.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 36 7.0 -2.1
GLOF iShares Global Equity Factor ETF 0.6 20 50 7.0 -2.0
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 12 15.5 +6.5
DFEV Dimensional Emerging Markets Value ETF 0.6 43 27 11.1 +2.0
JIG JPMorgan International Growth ETF 0.6 55 15 4.6 -4.4
AGMI Themes Silver Miners ETF 0.6 35 35 4.5 -4.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.6 8 62 7.3 -1.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 29 7.4 -1.6
BIGFX Baron International Growth Retail 0.5 75 -5 3.1 -5.9
VXUS Vanguard Total International Stock ETF 0.5 7 63 7.2 -1.8
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 63 7.2 -1.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 52 7.0 -2.0
VSGX Vanguard ESG International Stock ETF 0.4 12 58 6.8 -2.3
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -19 4.9 -4.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 50 5.2 -3.9
ICOP iShares Copper and Metals Mining ETF 0.2 47 23 10.1 +1.1
ACWI iShares MSCI ACWI ETF 0.2 32 38 5.3 -3.8
FILL iShares MSCI Global Energy Producers ETF 0.2 39 31 9.6 +0.6
VT Vanguard Total World Stock ETF 0.2 7 63 5.5 -3.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 58 4.8 -4.3
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 40 6.9 -2.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 40 8.0 -1.1
IGPT Invesco AI and Next Gen Software ETF 0.1 60 10 3.8 -5.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 61 5.4 -3.7

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Pacer CSOP FTSE China A50 ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.1 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 9.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.40 CATEGORY
AVERAGE		 1.48
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.