Pacer US Cash Cows 100
ALTAR
Score™
9.9% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
11.5x P/Sales
ratio
0.8x
P/BV
ratio
2.0x Div.
yield
2.2%


  • 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) $243
Currency USD
Expense ratio 49 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 101
Wgt avg mkt cap (mns) $44,664
Large cap (>$10bn) 68.4%
Mid cap ($2-10bn) 31.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BIOGEN IDEC INC 2.4 %
ABBVIE INC 2.3 %
CENTURYTEL INC 2.3 %
LAM RESEARCH CORP 2.2 %
BRISTOL-MYERS SQUIBB CO 2.2 %
CARDINAL HEALTH INC 2.2 %
CUMMINS INC 2.1 %
DISCOVERY COMMUNICATIONS-A 2.1 %
CELGENE CORP 2.1 %
WALGREENS BOOTS ALLIANCE INC 2.1 %
Total 22.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.0 %
IRELAND 2.6 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
16.2% 6.4% -- -- 8.4%

Market Correlations
versus... Beta R-squared
S&P500 1.24 87%
MSCI EAFE 1.18 65%
MSCI Emg. Mkts. 0.86 56%

Technical Indicators
Recent close $30.58
30d moving avg. $29.36
Annualized volatility 16.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 73

Liquidity measures
Avg. volume (thou.) 33
Turnover 0.4%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $17,007

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Pacer US Cash Cows 100 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
(%)
FLAG Forensic Accounting 37.2 152 -103 8.6 -1.3
QVAL ValueShares US Quantitative Value 28.4 49 0 10.8 +0.9
QSY WisdomTree U.S. Quality Shareholder Yield 27.4 38 11 7.0 -2.9
FTVA Aptus Fortified Value 26.8 79 -30 11.4 +1.5
SPDV AAM S&P 500 High Dividend Value 26.5 29 20 10.7 +0.8
ONEY SPDR Russell 1000 Yield Focus 24.7 20 29 8.3 -1.6
VALQ American Century STOXX U.S. Quality Value 23.4 29 20 7.7 -2.2
VLUE iShares MSCI USA Value Factor 22.9 15 34 11.0 +1.1
FVAL Fidelity Value Factor 22.7 29 20 8.2 -1.7
USMF WisdomTree U.S. Multifactor Fund 22.3 28 21 7.0 -2.9
QLC FlexShares US Quality Large Cap 21.8 32 17 6.6 -3.3
ESGS Columbia Sustainable U.S. Equity Income 21.4 35 14 8.4 -1.5
OMFL Oppenheimer Russell 1000 Dynamic Multifactor 21.1 29 20 9.6 -0.3
QDF FlexShares Quality Dividend 20.9 37 12 7.0 -2.9
QDIV Global X S&P 500 Quality Dividend 20.5 20 29 7.1 -2.8
SDOG ALPS Sector Dividend Dogs 20.3 40 9 9.3 -0.6
SYLD Cambria Shareholder Yield 20.2 59 -10 9.0 -0.9
DSTL Distillate US Fundamental Stability & Value 20.2 39 10 7.3 -2.6
JVAL JPMorgan U.S. Value Factor 19.9 12 37 8.6 -1.3
SPYB SPDR S&P 500 Buyback 19.9 35 14 7.4 -2.5

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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
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 18.6 %
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
1.65 CATEGORY
AVERAGE
1.55
 
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.