Pacer CSOP FTSE China A50 ETF
ALTAR
Score™		 9.3% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 10.3x P/Sales
ratio		 1.3x
P/BV
ratio		 1.4x Div.
yield		 3.4%


  • 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) $4
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 49
Wgt avg mkt cap (mns) $110,335
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 4.2%
Emerging mkts 95.8%

TOP TEN HOLDINGS
KWEICHOW MOUTAI CO LTD-A 14.7 %
CONTEMPORARY AMPEREX TECHNOLOGY CO 6.1 %
CHINA MERCHANTS BANK -A 4.6 %
CHINA YANGTZE POWER CO LTD-A 4.1 %
WULIANGYE YIBIN CO LTD-A 4.1 %
PING AN INSURANCE (GROUP) COMPANY 3.0 %
IND & COMM BK OF CHINA - A 2.9 %
AGRICULTURAL BANK OF CHINA-A 2.8 %
BYD CO LTD -A 2.6 %
ZIJIN MINING GROUP CO LTD-A 2.5 %
Total 47.4 %

TOP COUNTRY EXPOSURE
CHINA 99.1 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.9% -13.5% -1.6% -- 0.3%

Market Correlations
versus... Beta R-squared
S&P500 0.10 1%
MSCI EAFE 0.51 13%
MSCI Emg. Mkts. 0.89 40%

Technical Indicators
Recent close $14.10
30d moving avg. $14.02
Annualized volatility 24.8%
Short interest (ETF) 0.4%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $8,779

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 103 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™: 9.3%


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 67.8 55 15 8.5 -0.8
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 43.9 65 5 8.9 -0.4
RAYC Rayliant Quantamental China Equity ETF 41.5 80 -10 8.6 -0.7
CNYA iShares MSCI China A ETF 35.7 60 10 8.6 -0.7
KALL KraneShares MSCI All China Index ETF 23.1 49 21 9.6 +0.3
KBUY KraneShares CICC China Consumer Leaders Index ETF 22.6 69 1 0.0 -9.3
JCHI JPMorgan Active China ETF 17.7 65 5 8.2 -1.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 13.5 32 38 5.9 -3.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 11.7 60 10 10.0 +0.8
MCH Matthews China Active ETF 11.6 79 -9 6.3 -3.0
EV Mast Global Battery Recycling & Production ETF 8.7 65 5 12.8 +3.5
OBOR KraneShares MSCI One Belt One Road Index ETF 8.0 79 -9 10.3 +1.0
KGRN KraneShares MSCI China Clean Technology Index ETF 7.7 79 -9 6.5 -2.7
FLCH Franklin FTSE China ETF 7.2 19 51 9.8 +0.6
CGRO CoreValues Alpha Greater China Growth ETF 7.0 75 -5 2.7 -6.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 6.5 72 -2 2.2 -7.1
TCHI iShares MSCI China Multisector Tech ETF 6.5 59 11 3.1 -6.2
MCHI iShares MSCI China ETF 6.2 59 11 9.2 -0.1
BATT Amplify Lithium & Battery Technology ETF 6.1 59 11 2.9 -6.4
LIT Global X Lithium & Battery Tech ETF 5.1 75 -5 10.2 +0.9
ICLN iShares Global Clean Energy ETF 5.0 41 29 4.3 -5.0
MEM Matthews Emerging Markets Equity Active ETF 4.7 79 -9 5.9 -3.4
KURE KraneShares MSCI All China Health Care Index ETF 4.3 65 5 3.7 -5.6
TTAI FCF International Quality ETF 3.7 59 11 7.4 -1.9
GXC SPDR S&P China ETF 3.7 59 11 9.3 0.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.7 33 37 7.3 -2.0
CHIQ Global X MSCI China Consumer Discretionary ETF 3.5 65 5 5.5 -3.7
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 3.4 45 25 6.3 -3.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.3 45 25 8.7 -0.6
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 3.3 65 5 5.1 -4.2
LUX Tema Luxury ETF 2.9 75 -5 3.3 -6.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.6 32 38 6.3 -2.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.6 44 26 10.3 +1.0
NUEM Nuveen ESG Emerging Markets Equity ETF 2.5 36 34 6.9 -2.4
GSFP Goldman Sachs Future Planet Equity ETF 2.5 75 -5 4.6 -4.7
DEM WisdomTree Emerging Markets High Dividend Fund 2.4 63 7 13.0 +3.7
DEHP Dimensional Emerging Markets High Profitability ETF 2.3 41 29 7.4 -1.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.3 50 20 10.6 +1.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 2.2 25 45 7.0 -2.3
FLAX Franklin FTSE Asia Ex Japan ETF 2.2 19 51 7.3 -2.0
BKF iShares MSCI BIC ETF 2.2 69 1 7.2 -2.1
EEMA iShares MSCI Emerging Markets Asia ETF 2.1 49 21 6.8 -2.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.9 70 0 6.4 -2.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.9 30 40 8.6 -0.7
ESGE iShares ESG Aware MSCI EM ETF 1.8 25 45 7.8 -1.5
IGRO iShares International Dividend Growth ETF 1.7 15 55 7.1 -2.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.7 67 3 17.3 +8.0
BLLD JPMorgan Sustainable Infrastructure ETF 1.7 49 21 6.2 -3.1
SDG iShares MSCI Global Sustainable Development Goals ETF 1.7 49 21 5.8 -3.5
VWO Vanguard FTSE Emerging Markets ETF 1.6 8 62 7.7 -1.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.6 66 4 7.3 -2.0
BKEM BNY Mellon Emerging Markets Equity ETF 1.5 11 59 7.8 -1.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.5 36 34 7.6 -1.7
EMGF iShares Emerging Markets Equity Factor ETF 1.4 25 45 8.8 -0.5
EMXF iShares ESG Advanced MSCI EM ETF 1.4 16 54 7.5 -1.8
ACWV iShares MSCI Global Min Vol Factor ETF 1.4 20 50 6.7 -2.6
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.3 45 25 4.9 -4.4
EEM iShares MSCI Emerging Markets ETF 1.3 69 1 7.1 -2.2
GMF SPDR S&P Emerging Asia Pacific ETF 1.3 49 21 6.5 -2.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.2 59 11 9.7 +0.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.2 78 -8 9.1 -0.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.1 15 55 7.2 -2.1
PXH Invesco FTSE RAFI Emerging Markets ETF 1.1 49 21 12.6 +3.3
IEMG iShares Core MSCI Emerging Markets ETF 1.1 9 61 7.6 -1.7
DFAE Dimensional Emerging Core Equity Market ETF 1.1 35 35 7.8 -1.5
LDEM iShares ESG MSCI EM Leaders ETF 1.1 17 53 7.8 -1.5
RAYS Global X Solar ETF 1.0 51 19 4.6 -4.7
ETEC iShares Breakthrough Environmental Solutions ETF 1.0 47 23 5.4 -3.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.0 20 50 7.6 -1.7
JHEM John Hancock Multifactor Emerging Markets ETF 1.0 49 21 8.4 -0.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.0 30 40 7.6 -1.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.0 41 29 7.9 -1.4
XT iShares Exponential Technologies ETF 0.9 46 24 3.9 -5.4
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 63 7.6 -1.7
CGXU Capital Group International Focus Equity ETF 0.8 54 16 4.2 -5.1
BECO BlackRock Future Climate and Sustainable Economy ETF 0.7 70 0 13.9 +4.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.7 38 32 8.3 -1.0
VEGI iShares MSCI Agriculture Producers ETF 0.7 39 31 9.2 -0.1
TEMP JPMorgan Climate Change Solutions ETF 0.7 49 21 4.7 -4.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 36 6.7 -2.5
JIG JPMorgan International Growth ETF 0.6 55 15 4.4 -4.9
GLOF iShares Global Equity Factor ETF 0.5 20 50 7.1 -2.2
DFEV Dimensional Emerging Markets Value ETF 0.5 43 27 11.0 +1.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 8 62 7.2 -2.1
RING iShares MSCI Global Gold Miners ETF 0.5 39 31 6.1 -3.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.5 46 24 8.9 -0.4
VYMI Vanguard International High Dividend Yield ETF 0.5 22 48 9.7 +0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 29 6.7 -2.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.4 20 50 10.8 +1.5
VXUS Vanguard Total International Stock ETF 0.4 7 63 7.2 -2.1
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 63 7.0 -2.3
VSGX Vanguard ESG International Stock ETF 0.4 12 58 6.9 -2.4
CQQQ Invesco China Technology ETF 0.4 70 0 -5.9 -15.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 50 5.6 -3.6
ACWI iShares MSCI ACWI ETF 0.2 32 38 5.5 -3.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 58 5.1 -4.2
FILL iShares MSCI Global Energy Producers ETF 0.2 39 31 9.1 -0.2
VT Vanguard Total World Stock ETF 0.2 7 63 5.9 -3.4
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 40 6.9 -2.4
VIGI Vanguard International Dividend Appreciation ETF 0.2 15 55 5.6 -3.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 40 7.8 -1.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 61 5.8 -3.5
KSTR KraneShares SSE STAR Market 50 Index ETF 0.0 89 -19 2.6 -6.6

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 9.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.25 CATEGORY
AVERAGE		 1.39
 
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.