Pacer US Small Cap Cash Cows 100 ETF
ALTAR
Score™
13.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
11.8x P/Sales
ratio
0.3x
P/BV
ratio
1.2x Div.
yield
1.4%


  • 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) $23
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) $1,240
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 14.3%
Small cap (<$2bn) 85.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
OFFICE DEPOT INC 15.7 %
UNITED NATURAL FOODS INC 2.5 %
ASBURY AUTOMOTIVE GROUP 2.4 %
BIG LOTS INC 2.4 %
MICHAELS COMPANIES INC 2.3 %
MERITAGE HOMES CORP 2.2 %
UNIVERSAL FOREST PRODUCTS 2.0 %
WARRIOR MET COAL, INC. 1.9 %
OWENS & MINOR INC 1.9 %
VERITIV CORP 1.9 %
Total 35.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 110.5 %
BERMUDA 1.8 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.8% -0.3% -- -- -1.6%

Market Correlations
versus... Beta R-squared
S&P500 1.36 75%
MSCI EAFE 1.39 68%
MSCI Emg. Mkts. 0.99 54%

Technical Indicators
Recent close $22.69
30d moving avg. $23.24
Annualized volatility 26.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 15
Turnover 1.5%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $2,036

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™: 13.6%


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
(%)
RWJ Invesco S&P SmallCap 600 Revenue ETF 26.1 39 20 8.0 -5.6
XSVM Invesco S&P SmallCap Value with Momentum ETF 24.1 39 20 12.1 -1.5
PSCI Invesco S&P SmallCap Industrials ETF 23.1 29 30 6.7 -6.9
SQLV Legg Mason Small-Cap Quality Value 22.4 62 -3 8.1 -5.5
RZV Invesco S&P Smallcap 600 Pure Value ETF 21.8 35 24 10.5 -3.1
XSHQ Invesco S&P SmallCap Quality ETF 20.4 29 30 6.8 -6.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 20.4 15 44 9.9 -3.7
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 19.1 29 30 9.8 -3.9
IJS iShares S&P Small-cap 600 Value ETF 17.3 25 34 9.5 -4.1
SLYV SPDR S&P 600 Small Cap Value ETF 17.3 15 44 9.6 -4.1
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 17.1 40 19 7.0 -6.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 16.3 39 20 8.0 -5.6
AVUV Avantis U.S. Small Cap Value ETF 15.5 25 34 9.6 -4.0
VIOO Vanguard S&P Small-Cap 600 ETF 15.0 10 49 7.4 -6.2
VAMO Cambria Value & Momentum ETF 14.7 64 -5 7.8 -5.9
SLY SPDR S&P 600 Small Cap ETF 14.2 15 44 7.2 -6.4
SPSM SPDR Portfolio Small Cap ETF 14.2 5 54 7.3 -6.3
IJR iShares Core S&P Small Cap ETF 14.1 7 52 7.3 -6.3
SSLY Syntax Stratified SmallCap ETF 14.1 30 29 6.3 -7.3
BUY USCF SummerHaven SHPEI Index Fund 13.3 80 -21 10.5 -3.1
ROGS Hartford Multifactor Global Small Cap ETF 12.8 34 25 8.2 -5.5
EES WisdomTree SmallCap Earnings Fund 12.6 38 21 12.0 -1.6
TPSC Timothy Plan US Small Cap Core ETF 12.1 52 7 8.5 -5.1
FYT First Trust Small Cap Value AlphaDEX Fund 12.1 72 -13 9.7 -3.9
PSCM Invesco S&P SmallCap Materials ETF 12.0 29 30 10.1 -3.5
PXSG Invesco S&P SmallCap Momentum ETF 11.9 39 20 5.1 -8.5
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 11.7 35 24 8.5 -5.2
SLYG SPDR S&P 600 Small Cap Growth ETF 11.6 15 44 5.4 -8.2
IJT iShares S&P Small-Cap 600 Growth ETF 11.6 25 34 5.3 -8.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 11.4 29 30 5.8 -7.9
RZG Invesco S&P Smallcap 600 Pure Growth ETF 11.3 35 24 6.1 -7.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 11.1 16 43 5.3 -8.3
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 10.7 29 30 10.0 -3.6
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 10.2 24 35 7.4 -6.2
CSML IQ Chaikin U.S. Small Cap ETF 10.0 35 24 4.3 -9.3
AFSM First Trust Active Factor Small Cap ETF 10.0 75 -16 5.8 -7.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 9.8 35 24 6.5 -7.1
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 9.7 30 29 8.0 -5.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 9.3 80 -21 5.8 -7.9
PSCT Invesco S&P SmallCap Information Technology ETF 9.3 29 30 5.7 -7.9
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 9.1 35 24 8.5 -5.2
PSC Principal U.S. Small Cap Index ETF 9.0 38 21 7.2 -6.4
FYX First Trust Small Cap Core AlphaDEX Fund 9.0 63 -4 6.8 -6.8
RNSC Small Cap US Equity Select ETF 8.9 60 -1 8.0 -5.7
PSCC Invesco S&P SmallCap Consumer Staples ETF 8.7 29 30 5.3 -8.3
ISMD Inspire Small/Mid Cap Impact ETF 8.6 60 -1 6.7 -7.0
XSLV Invesco S&P SmallCap Low Volatility ETF 8.5 25 34 6.2 -7.5
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 8.3 29 30 1.8 -11.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 8.0 20 39 6.2 -7.4
IWN iShares Russell 2000 Value ETF 7.6 24 35 7.5 -6.1
IUSS Invesco Strategic US Small Company ETF 7.5 23 36 5.6 -8.0
JSML Janus Henderson Small Cap Growth Alpha ETF 7.4 30 29 7.9 -5.8
VTWV Vanguard Russell 2000 Value Index Fund 7.2 15 44 7.7 -6.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.1 25 34 6.9 -6.7
XRT SPDR S&P Retail ETF 7.0 35 24 6.9 -6.7
QVAL Alpha Architect U.S. Quantitative Value ETF 7.0 49 10 12.6 -1.1
IFRA iShares U.S. Infrastructure ETF 6.6 40 19 6.1 -7.5
PSCH Invesco S&P SmallCap Health Care ETF 6.4 29 30 3.1 -10.6
FDM First Trust Dow Jones Select Microcap Index Fund 6.3 60 -1 7.6 -6.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 6.1 39 20 4.3 -9.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 6.1 60 -1 8.7 -4.9
DES WisdomTree U.S. SmallCap Dividend Fund 6.0 38 21 9.0 -4.6
VFMF Vanguard U.S. Multifactor ETF 6.0 19 40 7.3 -6.3
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 5.9 35 24 9.7 -3.9
VUSE Vident Core US Equity Fund 5.8 48 11 8.5 -5.2
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 5.7 38 21 9.3 -4.4
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 5.7 30 29 11.3 -2.4
XKST SPDR Kensho Smart Mobility ETF 5.7 45 14 5.3 -8.3
XME SPDR S&P Metals & Mining ETF 5.4 35 24 8.3 -5.3
IWC iShares Micro-Cap ETF 5.3 60 -1 -4.0 -17.6
VTWO Vanguard Russell 2000 Index Fund 5.2 10 49 3.8 -9.8
IWM iShares Russell 2000 ETF 5.2 19 40 3.7 -9.9
VFVA Vanguard U.S. Value Factor ETF 5.1 14 45 11.7 -1.9
VFQY Vanguard U.S. Quality Factor ETF 5.1 13 46 6.1 -7.5
FYC First Trust Small Cap Growth AlphaDEX Fund 4.9 70 -11 2.6 -11.1
XTN SPDR S&P Transportation ETF 4.4 35 24 5.7 -7.9
HOMZ Hoya Capital Housing ETF 4.4 45 14 7.9 -5.7
PBJ Invesco Dynamic Food & Beverage ETF 4.2 63 -4 5.0 -8.6
PJP Invesco Dynamic Pharmaceuticals ETF 4.1 56 3 11.0 -2.6
VTWG Vanguard Russell 2000 Growth Index Fund 3.9 15 44 0.8 -12.8
NIFE Direxion Fallen Knives ETF 3.9 50 9 2.4 -11.3
SYLD Cambria Shareholder Yield ETF 3.8 59 0 9.1 -4.5
VBR Vanguard Small Cap Value Index Fund 3.7 7 52 8.6 -5.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 3.6 12 47 8.1 -5.5
SCHA Schwab U.S. Small-Cap ETF 3.6 4 55 4.8 -8.8
AIRR First Trust RBA American Industrial Renaissance ETF 3.5 70 -11 7.6 -6.0
WBIY WBI Power Factor High Dividend ETF 3.5 70 -11 12.5 -1.1
BFOR Barron's 400 ETF 3.5 65 -6 6.4 -7.2
ITB iShares U.S. Home Construction ETF 3.3 42 17 8.4 -5.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 3.2 17 42 5.3 -8.3
OSCV Opus Small Cap Value Plus ETF 3.2 79 -20 5.7 -7.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 3.2 20 39 9.7 -3.9
FSMD Fidelity Small-Mid Factor ETF 3.2 29 30 7.2 -6.4
PAVE Global X U.S. Infrastructure Development ETF 3.2 47 12 5.9 -7.7
XPH SPDR S&P Pharmaceuticals ETF 3.2 35 24 4.5 -9.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 3.2 6 53 5.5 -8.1
PKB Invesco Dynamic Building & Construction ETF 3.1 60 -1 6.8 -6.8
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 3.0 60 -1 2.9 -10.7
DWAS Invesco DWA SmallCap Momentum ETF 2.9 60 -1 -1.1 -14.7
IWO iShares Russell 2000 Growth ETF 2.9 24 35 0.8 -12.8

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 16.1 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 13.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 CATEGORY
AVERAGE
1.52
 
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.