Pacer US Cash Cows 100 ETF
ALTAR
Score™
9.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
18.7x P/Sales
ratio
0.6x
P/BV
ratio
1.9x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Pacer US Cash Cows 100 ETF tracks an index of companies selected from the Russell 1000 Index and weighted accord to their free cash flow.

FUND BASICS
Category US Equities
Fund Sponsor Pacer
Website www.paceretfs.com
Inception date Dec 16, 2016
Assets (mns) $198
Currency USD
Expense ratio 49 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 98
Wgt avg mkt cap (mns) $31,482
Large cap (>$10bn) 64.1%
Mid cap ($2-10bn) 33.4%
Small cap (<$2bn) 2.6%
Developed mkts 99.6%
Emerging mkts 0.4%

TOP TEN HOLDINGS
ABBVIE INC 3.1 %
DELL TECHNOLOGIES INC CLASS V 2.6 %
EBAY INC 2.6 %
CISCO SYSTEMS INC 2.5 %
CUMMINS INC 2.4 %
MCKESSON CORP 2.3 %
ALEXION PHARMACEUTICALS INC 2.3 %
VALERO ENERGY CORP 2.2 %
QUALCOMM INC 2.2 %
DOW, INC. 2.1 %
Total 24.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.1 %
BRITAIN 1.4 %
IRELAND 0.6 %
PANAMA 0.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.1% 2.6% -- -- 4.1%

Market Correlations
versus... Beta R-squared
S&P500 1.22 91%
MSCI EAFE 1.25 82%
MSCI Emg. Mkts. 0.95 72%

Technical Indicators
Recent close $26.59
30d moving avg. $24.64
Annualized volatility 21.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 44
Turnover 0.6%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $24,912

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Pacer US Cash Cows 100 ETF ETF based on the alternatives' overlap in portfolio holdings with COWZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: COWZ Expense: 49 bp ALTAR Score™: 9.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH COWZ
Ticker Fund
Name
Overlap1
vs COWZ
(%)
Expense
ratio
(bp)
Savings
vs COWZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs COWZ
(%)
SPDV AAM S&P 500 High Dividend Value ETF 27.7 29 20 11.0 +1.1
QVAL Alpha Architect U.S. Quantitative Value ETF 27.1 49 0 11.2 +1.3
PY Principal Shareholder Yield Index ETF 27.0 29 20 9.4 -0.5
VALQ American Century STOXX U.S. Quality Value ETF 23.7 29 20 9.0 -0.9
ONEY SPDR Russell 1000 Yield Focus ETF 22.2 20 29 8.6 -1.4
ESGS Columbia Sustainable U.S. Equity Income ETF 22.1 35 14 9.1 -0.8
SDOG ALPS Sector Dividend Dogs ETF 21.3 40 9 10.3 +0.4
DTN WisdomTree U.S. Dividend ex-Financials Fund 20.9 38 11 8.0 -1.9
QSY WisdomTree U.S. LargeCap Value Fund 20.5 38 11 6.9 -3.0
QDF FlexShares Quality Dividend Index Fund 20.0 37 12 7.0 -2.9
QDYN FlexShares Quality Dividend Dynamic Index Fund 18.3 37 12 6.9 -3.0
SYLD Cambria Shareholder Yield ETF 18.0 59 -10 9.2 -0.7
SPYB SPDR S&P 500 Buyback ETF 17.7 35 14 9.5 -0.4
FVAL Fidelity Value Factor ETF 17.6 29 20 8.2 -1.7
JVAL JPMorgan U.S. Value Factor ETF 17.1 12 37 8.9 -1.0
RNDV US Equity Dividend Select ETF 17.1 50 -1 7.9 -2.0
JKI iShares Morningstar Mid-Cap Value ETF 16.8 30 19 9.7 -0.2
DHS WisdomTree U.S. High Dividend Fund 16.7 38 11 8.6 -1.4
BUL Pacer US Cash Cows Growth ETF 16.6 60 -11 5.7 -4.3
FNK First Trust Mid Cap Value AlphaDEX Fund 16.5 70 -21 10.8 +0.9
SPYD SPDR S&P 500 High Dividend ETF 16.4 7 42 10.5 +0.6
FCPI Fidelity Stocks for Inflation ETF 16.3 29 20 6.9 -3.0
DVP Deep Value ETF 15.6 59 -10 16.3 +6.4
FTA First Trust Large Cap Value AlphaDEX Fund 15.6 60 -11 9.2 -0.7
JKF iShares Morningstar Large Cap Value ETF 15.5 25 24 7.8 -2.2
LSAF LeaderShares AlphaFactor US Core Equity ETF 15.3 75 -26 7.4 -2.5
VLUE iShares Edge MSCI USA Value Factor ETF 15.2 15 34 11.2 +1.3
PKW Invesco Buyback Achievers ETF 15.2 62 -13 7.0 -2.9
DSTL Distillate US Fundamental Stability & Value ETF 15.2 39 10 6.5 -3.4
FXD First Trust Consumer Discretionary AlphaDEX Fund 15.1 64 -15 8.6 -1.3
USDY Pacific Global US Equity Income ETF 14.8 29 20 8.0 -1.9
USMF WisdomTree U.S. Multifactor Fund 14.8 28 21 6.2 -3.7
JDIV JPMorgan U.S. Dividend ETF 14.8 12 37 8.1 -1.8
VUSE Vident Core US Equity Fund 14.8 48 1 7.8 -2.1
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 14.5 35 14 6.8 -3.1
ONEO SPDR Russell 1000 Momentum Focus ETF 14.5 20 29 6.6 -3.3
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 14.5 35 14 8.5 -1.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 14.3 20 29 7.1 -2.8
FAB First Trust Multi Cap Value AlphaDEX Fund 14.3 71 -22 9.7 -0.2
PWV Invesco Dynamic Large Cap Value ETF 14.2 55 -6 8.4 -1.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 14.0 39 10 11.0 +1.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 13.9 20 29 9.7 -0.2
QDEF FlexShares Quality Dividend Defensive Index Fund 13.8 37 12 6.4 -3.6
EZM WisdomTree U.S. MidCap Earnings Fund 13.7 38 11 9.3 -0.6
NULV Nuveen ESG Large-Cap Value ETF 13.7 35 14 7.6 -2.4
QLC FlexShares US Quality Large Cap Index Fund 13.7 32 17 5.6 -4.3
DVY iShares Select Dividend ETF 13.6 39 10 8.2 -1.7
FLQL Franklin LibertyQ U.S. Equity ETF 13.5 15 34 6.4 -3.6
RPV Invesco S&P 500 Pure Value ETF 13.4 35 14 11.5 +1.6
QDIV Global X S&P 500 Quality Dividend ETF 13.2 20 29 8.4 -1.5
PMOM Principal Sustainable Momentum Index ETF 13.1 29 20 9.6 -0.3
DIVB iShares U.S. Dividend & Buyback ETF 13.1 25 24 6.6 -3.3
FDRR Fidelity Dividend ETF for Rising Rates 13.1 29 20 7.1 -2.8
PVAL Principal Contrarian Value Index ETF 13.0 29 20 7.5 -2.4
RVRS Reverse Cap Weighted U.S. Large Cap ETF 12.9 29 20 7.4 -2.5
AFLG First Trust Active Factor Large Cap ETF 12.9 55 -6 5.6 -4.3
RYH Invesco S&P 500 Equal Weight Health Care ETF 12.8 40 9 6.3 -3.6
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 12.8 75 -26 6.1 -3.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 12.7 17 32 6.6 -3.3
PEY Invesco High Yield Equity Dividend Achievers ETF 12.6 53 -4 8.8 -1.2
DON WisdomTree U.S. MidCap Dividend Fund 12.6 38 11 7.8 -2.1
RYT Invesco S&P 500 Equal Weight Technology ETF 12.5 40 9 7.5 -2.5
FTHI First Trust High Income ETF 12.4 85 -36 5.5 -4.4
RWL Invesco S&P 500 Revenue ETF 12.3 39 10 6.9 -3.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 12.2 15 34 6.4 -3.5
RDVY First Trust Rising Dividend Achievers ETF 12.2 50 -1 7.9 -2.0
SPGP Invesco S&P 500 GARP ETF 12.1 35 14 7.4 -2.6
JQUA JPMorgan U.S. Quality Factor ETF 12.1 12 37 5.3 -4.6
DEW WisdomTree Global High Dividend Fund 12.0 58 -9 9.4 -0.5
VOE Vanguard Mid-Cap Value Index Fund 12.0 7 42 8.0 -1.9
RAFE PIMCO RAFI ESG U.S. ETF 12.0 29 20 7.8 -2.1
FTLB First Trust Hedged BuyWrite Income ETF 11.9 85 -36 5.5 -4.4
EQRR ProShares Equities for Rising Rates ETF 11.9 35 14 6.1 -3.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 11.8 24 25 6.1 -3.8
WLDR Affinity World Leaders Equity ETF 11.8 47 2 9.7 -0.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 11.8 19 30 6.3 -3.6
TPHD Timothy Plan High Dividend Stock ETF 11.7 52 -3 7.3 -2.6
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 11.7 25 24 7.4 -2.5
JHMH John Hancock Multifactor Healthcare ETF 11.7 40 9 5.9 -4.0
GBDV Global Beta Smart Income ETF 11.6 29 20 12.1 +2.2
FDVV Fidelity Core Dividend ETF 11.5 29 20 7.5 -2.5
FNX First Trust Mid Cap Core AlphaDEX Fund 11.5 61 -12 6.7 -3.2
PJP Invesco Dynamic Pharmaceuticals ETF 11.4 56 -7 11.1 +1.2
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 11.4 35 14 8.6 -1.4
SCHD Schwab U.S. Dividend Equity ETF 11.4 6 43 7.5 -2.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 11.3 19 30 5.7 -4.2
VTV Vanguard Value Index Fund 11.3 4 45 7.4 -2.5
JHMA John Hancock Multifactor Materials ETF 11.3 40 9 7.0 -3.0
IUS Invesco Strategic US ETF 11.1 19 30 6.3 -3.6
FDL First Trust Morningstar Dividend Leaders Index Fund 11.1 45 4 8.3 -1.6
EQAL Invesco Russell 1000 Equal Weight ETF 11.0 20 29 5.1 -4.8
VYM Vanguard High Dividend Yield Index ETF 10.9 6 43 7.3 -2.6
MGV Vanguard Mega Cap Value ETF 10.9 7 42 7.2 -2.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 10.9 20 29 7.7 -2.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 10.9 35 14 4.4 -5.5
VFVA Vanguard U.S. Value Factor ETF 10.8 13 36 12.0 +2.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 10.8 60 -11 4.2 -5.8
AFMC First Trust Active Factor Mid Cap ETF 10.8 65 -16 6.2 -3.7
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 10.8 30 19 9.6 -0.3

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 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 18.4 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 9.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.53
 
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.