Pacer US Cash Cows 100 ETF
ALTAR
Score™
11.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
11.8x P/Sales
ratio
0.6x
P/BV
ratio
1.7x Div.
yield
2.3%


  • 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) $212
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 101
Wgt avg mkt cap (mns) $34,105
Large cap (>$10bn) 58.3%
Mid cap ($2-10bn) 40.5%
Small cap (<$2bn) 1.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BEST BUY CO INC 2.2 %
LENNAR CORP-CL A 2.2 %
TARGET CORP 2.2 %
LOWE'S COS INC 2.2 %
NEW RESIDENTIAL INVESTMENT 2.2 %
COGNIZANT TECH SOLUTIONS-A 2.2 %
INTEL CORP 2.0 %
EBAY INC 2.0 %
ALEXION PHARMACEUTICALS INC 2.0 %
DOW, INC. 2.0 %
Total 21.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.0 %
BRITAIN 1.9 %
CAYMAN ISLANDS 0.5 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.0% 1.0% -- -- 5.9%

Market Correlations
versus... Beta R-squared
S&P500 1.16 89%
MSCI EAFE 1.23 82%
MSCI Emg. Mkts. 0.91 72%

Technical Indicators
Recent close $29.24
30d moving avg. $28.81
Annualized volatility 21.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 23
Turnover 0.3%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $14,544

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 11.4%


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
(%)
QVAL Alpha Architect U.S. Quantitative Value ETF 34.6 49 0 10.5 -0.9
VALQ American Century STOXX U.S. Quality Value ETF 24.7 29 20 8.7 -2.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 23.0 29 20 9.0 -2.4
VLUE iShares Edge MSCI USA Value Factor ETF 22.7 15 34 11.1 -0.3
WLDR Affinity World Leaders Equity ETF 21.5 47 2 9.8 -1.6
SPDV AAM S&P 500 High Dividend Value ETF 21.2 29 20 9.7 -1.7
VUSE Vident Core US Equity Fund 20.5 48 1 8.6 -2.8
FVAL Fidelity Value Factor ETF 19.7 29 20 7.5 -3.9
ONEY SPDR Russell 1000 Yield Focus ETF 19.6 20 29 8.6 -2.8
SPVM Invesco S&P 500 Value with Momentum ETF 19.4 39 10 8.6 -2.8
JVAL JPMorgan U.S. Value Factor ETF 18.4 12 37 8.1 -3.3
QSY WisdomTree U.S. LargeCap Value Fund 18.3 38 11 6.4 -5.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 17.7 38 11 7.8 -3.6
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 17.7 75 -26 5.2 -6.2
FXD First Trust Consumer Discretionary AlphaDEX Fund 17.6 64 -15 5.4 -6.0
FNK First Trust Mid Cap Value AlphaDEX Fund 17.3 70 -21 10.4 -1.0
SYLD Cambria Shareholder Yield ETF 16.9 59 -10 8.4 -3.0
FCPI Fidelity Stocks for Inflation ETF 16.8 29 20 6.2 -5.2
DSTL Distillate US Fundamental Stability & Value ETF 16.5 39 10 5.9 -5.5
FUNL CornerCap Fundametrics Large-Cap ETF 16.3 50 -1 8.0 -3.4
LRGF iShares Edge MSCI Multifactor USA ETF 16.1 20 29 7.0 -4.4
SYV SPDR MFS Systematic Value Equity ETF 15.9 60 -11 7.2 -4.2
RYH Invesco S&P 500 Equal Weight Health Care ETF 15.8 40 9 6.7 -4.7
RNDV US Equity Dividend Select ETF 15.6 50 -1 7.7 -3.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 15.6 20 29 6.7 -4.7
ONEO SPDR Russell 1000 Momentum Focus ETF 15.6 20 29 6.2 -5.2
PY Principal Shareholder Yield Index ETF 15.5 15 34 8.9 -2.5
USMF WisdomTree U.S. Multifactor Fund 15.4 28 21 5.7 -5.7
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 15.3 35 14 7.0 -4.4
FTXD First Trust Nasdaq Retail ETF 15.2 60 -11 5.6 -5.8
STLV iShares Factors US Value Style ETF 15.2 25 24 7.1 -4.3
JKI iShares Morningstar Mid-Cap Value ETF 15.1 30 19 8.6 -2.8
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 15.0 20 29 8.9 -2.5
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 15.0 20 29 7.3 -4.1
JKL iShares Morningstar Small Cap Value ETF 14.9 30 19 9.6 -1.8
QDF FlexShares Quality Dividend Index Fund 14.7 37 12 5.8 -5.6
RPV Invesco S&P 500 Pure Value ETF 14.6 35 14 10.4 -1.0
SDOG ALPS Sector Dividend Dogs ETF 14.6 40 9 9.5 -1.9
RWL Invesco S&P 500 Revenue ETF 14.5 39 10 7.0 -4.4
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 14.5 40 9 5.4 -6.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 14.4 30 19 9.0 -2.4
ROUS Hartford Multifactor US Equity ETF 14.4 19 30 6.3 -5.1
ESGS Columbia Sustainable U.S. Equity Income ETF 14.3 35 14 8.5 -2.9
PWV Invesco Dynamic Large Cap Value ETF 14.1 56 -7 8.0 -3.4
RWK Invesco S&P MidCap 400 Revenue ETF 14.0 39 10 7.8 -3.6
JDIV JPMorgan U.S. Dividend ETF 14.0 12 37 7.6 -3.8
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 14.0 60 -11 6.3 -5.1
REVS Columbia Research Enhanced Value ETF 13.9 19 30 7.6 -3.8
USDY Pacific Global US Equity Income ETF 13.9 29 20 7.0 -4.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 13.9 17 32 6.2 -5.2
NULV Nuveen ESG Large-Cap Value ETF 13.9 35 14 7.1 -4.3
RAFE PIMCO RAFI ESG U.S. ETF 13.8 29 20 7.4 -4.0
SYG SPDR MFS Systematic Growth Equity ETF 13.7 60 -11 3.9 -7.5
JHMC John Hancock Multifactor Consumer Discretionary ETF 13.5 40 9 3.8 -7.6
GBLO Global Beta Low Beta ETF 13.4 29 20 7.2 -4.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 13.3 18 31 6.0 -5.4
RTH VanEck Vectors Retail ETF 13.3 35 14 5.0 -6.4
RVRS Reverse Cap Weighted U.S. Large Cap ETF 13.2 29 20 7.2 -4.2
VFVA Vanguard U.S. Value Factor ETF 12.9 14 35 10.6 -0.8
LSAF LeaderShares AlphaFactor US Core Equity ETF 12.9 75 -26 5.8 -5.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 12.9 24 25 5.9 -5.5
JKF iShares Morningstar Large Cap Value ETF 12.8 25 24 7.5 -3.9
QDYN FlexShares Quality Dividend Dynamic Index Fund 12.6 37 12 5.9 -5.5
SYE SPDR MFS Systematic Core Equity ETF 12.5 60 -11 5.5 -5.9
AFLG First Trust Active Factor Large Cap ETF 12.5 55 -6 5.2 -6.2
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 12.3 25 24 7.4 -4.0
SPVU Invesco S&P 500 Enhanced Value ETF 12.3 13 36 11.3 -0.1
VYM Vanguard High Dividend Yield Index ETF 12.3 6 43 7.3 -4.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 12.3 19 30 5.8 -5.6
IUS Invesco Strategic US ETF 12.3 19 30 6.3 -5.1
AFMC First Trust Active Factor Mid Cap ETF 12.3 65 -16 6.1 -5.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 12.2 28 21 6.3 -5.1
JHMH John Hancock Multifactor Healthcare ETF 12.2 40 9 6.0 -5.4
FNX First Trust Mid Cap Core AlphaDEX Fund 12.0 61 -12 6.2 -5.2
VFMF Vanguard U.S. Multifactor ETF 12.0 19 30 7.1 -4.3
FDRR Fidelity Dividend ETF for Rising Rates 12.0 29 20 6.6 -4.8
GBDV Global Beta Smart Income ETF 11.8 29 20 10.0 -1.4
RNMC Mid Cap US Equity Select ETF 11.8 60 -11 7.3 -4.1
RNLC Large Cap US Equity Select ETF 11.7 60 -11 5.9 -5.5
FLRG Fidelity U.S. Multifactor ETF 11.7 29 20 6.2 -5.2
EQWL Invesco Russell Top 200 Equal Weight ETF 11.6 25 24 6.1 -5.3
FAB First Trust Multi Cap Value AlphaDEX Fund 11.6 71 -22 9.2 -2.2
STMB iShares Factors US Mid Blend Style ETF 11.6 30 19 5.5 -5.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 11.6 25 24 6.5 -4.9
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 11.5 17 32 6.6 -4.8
EZM WisdomTree U.S. MidCap Earnings Fund 11.5 38 11 8.4 -3.0
FMK First Trust Mega Cap AlphaDEX Fund 11.4 70 -21 4.4 -7.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 11.4 30 19 6.4 -5.0
BUL Pacer US Cash Cows Growth ETF 11.3 60 -11 6.7 -4.7
VOOV Vanguard S&P 500 Value ETF 11.3 10 39 7.1 -4.3
VFQY Vanguard U.S. Quality Factor ETF 11.3 13 36 6.2 -5.2
FLQL Franklin LibertyQ U.S. Equity ETF 11.3 15 34 6.0 -5.4
DIVB iShares U.S. Dividend & Buyback ETF 11.3 25 24 6.6 -4.8
DON WisdomTree U.S. MidCap Dividend Fund 11.2 38 11 7.3 -4.1
FTHI First Trust High Income ETF 11.1 85 -36 4.9 -6.5
JQUA JPMorgan U.S. Quality Factor ETF 11.0 12 37 5.2 -6.2
DHS WisdomTree U.S. High Dividend Fund 11.0 38 11 8.6 -2.8
FTA First Trust Large Cap Value AlphaDEX Fund 11.0 60 -11 8.8 -2.6

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

  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 18.5 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 11.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.