Pacer US Small Cap Cash Cows 100 ETF
ALTAR
Score™
18.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
7.7x P/Sales
ratio
0.3x
P/BV
ratio
1.0x Div.
yield
3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Pacer U.S. Small Cap Cash Cows 100 ETF tracks an index of 100 companies out of the S&P Small Cap 600 Index selected and weighted by free cash flow.

FUND BASICS
Category US Equities
Fund Sponsor Pacer Financial
Website www.paceretfs.com
Inception date Jun 16, 2017
Assets (mns) $13
Currency USD
Expense ratio 59 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $849
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 3.9%
Small cap (<$2bn) 96.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SANMINA CORP 2.7 %
INNOVIVA, INC. 2.5 %
ARCOSA INC 2.4 %
TRINSEO SA 2.3 %
KORN/FERRY INTERNATIONAL 2.0 %
UNIVERSAL FOREST PRODUCTS 2.0 %
POWER INTEGRATIONS INC 1.9 %
TTEC HOLDINGS, INC. 1.9 %
WARRIOR MET COAL, INC. 1.8 %
HUB GROUP INC-CL A 1.8 %
Total 21.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.7 %
BERMUDA 1.1 %









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.
-35.1% -29.4% -- -- -11.8%

Market Correlations
versus... Beta R-squared
S&P500 1.31 71%
MSCI EAFE 1.27 64%
MSCI Emg. Mkts. 0.88 45%

Technical Indicators
Recent close $15.79
30d moving avg. $19.65
Annualized volatility 24.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 30

Liquidity measures
Avg. volume (thou.) 49
Turnover 5.8%
Bid/Ask (% of price) 0.51%
ADV underlying (mns) $878

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Pacer US Small Cap Cash Cows 100 ETF ETF based on the alternatives' overlap in portfolio holdings with CALF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CALF Expense: 59 bp ALTAR Score™: 18.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CALF
Ticker Fund
Name
Overlap1
vs CALF
(%)
Expense
ratio
(bp)
Savings
vs CALF
(bp)
ALTAR
Score™
(%)
ALTAR
vs CALF
(%)
SQLV Legg Mason Small-Cap Quality Value 23.9 62 -3 11.7 -6.5
XSVM Invesco S&P SmallCap Value with Momentum ETF 22.4 39 20 16.4 -1.8
PSCI Invesco S&P SmallCap Industrials ETF 18.5 29 30 10.2 -8.0
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 17.5 29 30 14.6 -3.5
RZV Invesco S&P Smallcap 600 Pure Value ETF 17.4 35 24 13.3 -4.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 17.1 39 20 9.9 -8.2
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 16.1 40 19 9.2 -9.0
ROGS Hartford Multifactor Global Small Cap ETF 15.3 34 25 12.0 -6.2
RZG Invesco S&P Smallcap 600 Pure Growth ETF 15.3 35 24 10.1 -8.1
XSHQ Invesco S&P SmallCap Quality ETF 15.2 29 30 8.1 -10.0
AFSM First Trust Active Factor Small Cap ETF 14.2 75 -16 9.8 -8.4
PSCM Invesco S&P SmallCap Materials ETF 13.9 29 30 13.9 -4.2
SLYV SPDR S&P 600 Small Cap Value ETF 13.5 15 44 12.6 -5.6
IJS iShares S&P Small-cap 600 Value ETF 13.5 25 34 12.4 -5.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 13.1 15 44 12.6 -5.6
FYT First Trust Small Cap Value AlphaDEX Fund 12.9 72 -13 14.1 -4.1
BUY USCF SummerHaven SHPEI Index Fund 12.7 80 -21 17.6 -0.6
IJR iShares Core S&P Small Cap ETF 12.0 7 52 9.9 -8.3
SLY SPDR S&P 600 Small Cap ETF 12.0 15 44 9.8 -8.3
SPSM SPDR Portfolio Small Cap ETF 12.0 5 54 9.9 -8.2
VIOO Vanguard S&P Small-Cap 600 ETF 11.8 10 49 9.8 -8.3
EES WisdomTree SmallCap Earnings Fund 11.4 38 21 18.6 +0.5
PSCT Invesco S&P SmallCap Information Technology ETF 11.4 29 30 7.8 -10.3
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 11.0 35 24 11.8 -6.4
TPSC Timothy Plan US Small Cap Core ETF 10.9 52 7 11.2 -7.0
VAMO Cambria Value & Momentum ETF 10.8 64 -5 9.7 -8.4
IJT iShares S&P Small-Cap 600 Growth ETF 10.7 25 34 7.7 -10.5
SLYG SPDR S&P 600 Small Cap Growth ETF 10.7 15 44 7.8 -10.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 10.7 16 43 7.8 -10.4
AVUV Avantis U.S. Small Cap Value ETF 10.7 25 34 13.9 -4.2
SCAP AdvisorShares Cornerstone Small Cap ETF 10.7 90 -31 7.9 -10.2
CSML IQ Chaikin U.S. Small Cap ETF 9.9 35 24 7.9 -10.3
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 9.7 29 30 16.1 -2.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 9.7 29 30 8.6 -9.6
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 9.1 30 29 17.6 -0.6
FYX First Trust Small Cap Core AlphaDEX Fund 8.3 63 -4 9.2 -9.0
PSCH Invesco S&P SmallCap Health Care ETF 8.1 29 30 4.4 -13.8
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 8.1 35 24 11.8 -6.4
CSB Victory CEMP US Small Cap High Dividend Volatility Wtd Idx E 7.7 35 24 12.8 -5.3
RNSC Small Cap US Equity Select ETF 7.6 60 -1 9.7 -8.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 7.6 30 29 10.9 -7.2
FDM First Trust Dow Jones Select Microcap Index Fund 7.6 60 -1 11.9 -6.2
ISMD Inspire Small/Mid Cap Impact ETF 7.5 61 -2 9.8 -8.3
JSML Janus Henderson Small Cap Growth Alpha ETF 7.3 35 24 9.5 -8.7
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 7.3 29 30 3.5 -14.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 7.2 24 35 11.3 -6.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 7.1 20 39 9.0 -9.1
PSC Principal U.S. Small Cap Index ETF 6.6 38 21 11.0 -7.2
PXSG Invesco S&P SmallCap Momentum ETF 6.6 39 20 7.7 -10.5
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 6.5 38 21 13.6 -4.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 6.4 25 34 9.9 -8.3
PJP Invesco Dynamic Pharmaceuticals ETF 6.4 56 3 12.6 -5.6
FTXH First Trust Nasdaq Pharmaceuticals ETF 6.2 60 -1 7.9 -10.3
VFMF Vanguard U.S. Multifactor ETF 6.1 18 41 11.2 -6.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 6.1 35 24 9.4 -8.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 5.9 39 20 6.5 -11.7
VALX Validea Market Legends ETF 5.8 79 -20 19.2 +1.1
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 5.6 39 20 8.9 -9.2
IWC iShares Micro-Cap ETF 5.5 60 -1 -5.0 -23.2
XRT SPDR S&P Retail ETF 5.5 35 24 12.1 -6.0
IUSS Invesco Strategic US Small Company ETF 5.5 23 36 9.1 -9.0
PSCC Invesco S&P SmallCap Consumer Staples ETF 5.5 29 30 6.7 -11.4
SYLD Cambria Shareholder Yield ETF 5.4 59 0 15.5 -2.6
IWN iShares Russell 2000 Value ETF 5.3 24 35 10.4 -7.8
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 5.3 60 -1 13.1 -5.1
VTWV Vanguard Russell 2000 Value Index Fund 5.3 15 44 10.5 -7.6
IFRA iShares U.S. Infrastructure ETF 5.2 40 19 7.9 -10.2
VUSE Vident Core US Equity Fund 4.9 48 11 11.3 -6.9
DES WisdomTree U.S. SmallCap Dividend Fund 4.9 38 21 12.7 -5.4
PKB Invesco Dynamic Building & Construction ETF 4.8 60 -1 12.8 -5.3
VFQY Vanguard U.S. Quality Factor ETF 4.5 13 46 8.7 -9.5
XSD SPDR S&P Semiconductor ETF 4.4 35 24 5.7 -12.4
XME SPDR S&P Metals & Mining ETF 4.2 35 24 12.7 -5.5
IWM iShares Russell 2000 ETF 4.2 19 40 5.6 -12.5
VTWO Vanguard Russell 2000 Index Fund 4.2 10 49 5.8 -12.3
PSI Invesco Dynamic Semiconductors ETF 4.2 58 1 7.0 -11.2
DWAS Invesco DWA SmallCap Momentum ETF 4.0 60 -1 -1.2 -19.3
CSD Invesco S&P Spin-Off ETF 4.0 62 -3 12.3 -5.9
AIRR First Trust RBA American Industrial Renaissance ETF 3.8 70 -11 10.1 -8.1
XPH SPDR S&P Pharmaceuticals ETF 3.8 35 24 6.2 -12.0
FSMD Fidelity Small-Mid Factor ETF 3.7 29 30 10.1 -8.0
HOMZ Hoya Capital Housing ETF 3.7 45 14 11.6 -6.5
VFVA Vanguard U.S. Value Factor ETF 3.4 13 46 16.9 -1.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 3.4 12 47 12.0 -6.2
VTWG Vanguard Russell 2000 Growth Index Fund 3.3 15 44 1.8 -16.3
IWO iShares Russell 2000 Growth ETF 3.3 24 35 1.6 -16.6
PYZ Invesco DWA Basic Materials Momentum ETF 3.3 60 -1 9.0 -9.2
SCHA Schwab U.S. Small-Cap ETF 3.2 4 55 7.5 -10.6
FYC First Trust Small Cap Growth AlphaDEX Fund 3.2 70 -11 3.7 -14.4
BFOR Barron's 400 ETF 3.1 66 -7 9.2 -8.9
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 3.1 48 11 9.1 -9.0
XTN SPDR S&P Transportation ETF 3.1 35 24 10.5 -7.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 2.9 17 42 7.4 -10.8
FFTY Innovator IBD 50 ETF 2.9 80 -21 5.8 -12.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 2.9 35 24 7.9 -10.2
ITB iShares U.S. Home Construction ETF 2.8 42 17 15.4 -2.8
XKST SPDR Kensho Smart Mobility ETF 2.7 45 14 5.5 -12.7
PAVE Global X U.S. Infrastructure Development ETF 2.7 47 12 8.4 -9.8
PSCE Invesco S&P SmallCap Energy ETF 2.7 29 30 -7.8 -25.9
SLX VanEck Vectors Steel ETF 2.6 56 3 22.8 +4.7

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Pacer US Small Cap Cash Cows 100 ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.7 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 18.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.51
 
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.