Pacer US Cash Cows 100 ETF
ALTAR
Score™
10.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
12.8x P/Sales
ratio
0.7x
P/BV
ratio
2.3x Div.
yield
2.1%


  • 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) $261
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 99
Wgt avg mkt cap (mns) $39,389
Large cap (>$10bn) 66.8%
Mid cap ($2-10bn) 30.8%
Small cap (<$2bn) 0.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DISCOVERY COMMUNICATIONS-A 2.4 %
CBS CORP-CLASS B NON VOTING 2.3 %
ALEXION PHARMACEUTICALS INC 2.2 %
LOWE'S COS INC 2.1 %
BIOGEN IDEC INC 2.1 %
INTEL CORP 2.1 %
KROGER CO 2.1 %
TARGET CORP 2.1 %
BEST BUY CO INC 2.0 %
HCA HOLDINGS INC 2.0 %
Total 21.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.0 %
CAYMAN ISLANDS 0.4 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
11.5% 11.5% -- -- 10.4%

Market Correlations
versus... Beta R-squared
S&P500 1.21 90%
MSCI EAFE 1.18 85%
MSCI Emg. Mkts. 0.96 73%

Technical Indicators
Recent close $35.56
30d moving avg. $33.81
Annualized volatility 23.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 37
Turnover 0.5%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $18,631

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 10.3%


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
(%)
VALQ American Century STOXX U.S. Quality Value ETF 28.3 29 20 7.9 -2.5
QVAL Alpha Architect U.S. Quantitative Value ETF 27.6 49 0 8.1 -2.2
VLUE iShares MSCI USA Value Factor ETF 26.9 15 34 9.8 -0.6
SPVM Invesco S&P 500 Value with Momentum ETF 24.0 39 10 7.8 -2.6
JVAL JPMorgan U.S. Value Factor ETF 22.5 12 37 7.2 -3.1
QSY WisdomTree U.S. LargeCap Value Fund 22.2 38 11 6.8 -3.6
FXD First Trust Consumer Discretionary AlphaDEX Fund 22.0 64 -15 4.8 -5.5
DTN WisdomTree U.S. Dividend ex-Financials Fund 22.0 38 11 7.6 -2.7
WLDR Affinity World Leaders Equity ETF 21.4 47 2 7.9 -2.4
SPDV AAM S&P 500 High Dividend Value ETF 21.2 29 20 8.4 -1.9
FVAL Fidelity Value Factor ETF 20.8 29 20 6.9 -3.4
VUSE Vident Core US Equity Fund 20.3 48 1 7.4 -2.9
DSTL Distillate US Fundamental Stability & Value ETF 17.8 39 10 5.7 -4.6
VFVA Vanguard U.S. Value Factor ETF 17.2 14 35 8.5 -1.8
SYV SPDR MFS Systematic Value Equity ETF 17.1 60 -11 6.0 -4.4
RWL Invesco S&P 500 Revenue ETF 17.1 39 10 6.3 -4.0
FUNL CornerCap Fundametrics Large-Cap ETF 16.9 50 -1 7.2 -3.1
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 16.9 20 29 6.7 -3.6
QDF FlexShares Quality Dividend Index Fund 16.8 37 12 5.6 -4.8
FNK First Trust Mid Cap Value AlphaDEX Fund 16.7 70 -21 7.8 -2.5
RTH VanEck Vectors Retail ETF 16.7 35 14 4.9 -5.4
ONEY SPDR Russell 1000 Yield Focus ETF 16.5 20 29 7.2 -3.1
RYH Invesco S&P 500 Equal Weight Health Care ETF 16.4 40 9 6.4 -4.0
DVLU First Trust Dorsey Wright Momentum & Value ETF 16.4 60 -11 8.6 -1.8
SIXA 6 Meridian Mega Cap Equity ETF 16.3 82 -33 5.9 -4.4
ESGS Columbia Sustainable U.S. Equity Income ETF 16.2 35 14 7.5 -2.9
FCPI Fidelity Stocks for Inflation ETF 16.2 29 20 5.8 -4.6
FTXD First Trust Nasdaq Retail ETF 16.2 60 -11 5.3 -5.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 16.1 75 -26 5.3 -5.0
LRGF iShares Edge MSCI Multifactor USA ETF 16.0 20 29 6.2 -4.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 16.0 20 29 6.2 -4.1
RNDV US Equity Dividend Select ETF 15.9 50 -1 7.4 -3.0
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 15.6 40 9 4.8 -5.6
ROUS Hartford Multifactor US Equity ETF 15.6 19 30 5.9 -4.4
SDOG ALPS Sector Dividend Dogs ETF 15.6 40 9 8.7 -1.7
RPV Invesco S&P 500 Pure Value ETF 15.5 35 14 9.9 -0.5
SYLD Cambria Shareholder Yield ETF 15.4 59 -10 7.2 -3.1
PY Principal Shareholder Yield Index ETF 15.4 15 34 7.9 -2.5
USMF WisdomTree U.S. Multifactor Fund 15.4 28 21 5.5 -4.9
REVS Columbia Research Enhanced Value ETF 15.3 19 30 6.7 -3.7
STLV iShares Factors US Value Style ETF 15.3 25 24 6.5 -3.8
SPVU Invesco S&P 500 Enhanced Value ETF 15.0 13 36 9.5 -0.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 14.9 24 25 5.5 -4.9
SYE SPDR MFS Systematic Core Equity ETF 14.8 60 -11 4.9 -5.5
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 14.8 25 24 5.9 -4.5
JDIV JPMorgan U.S. Dividend ETF 14.6 12 37 6.7 -3.6
QDYN FlexShares Quality Dividend Dynamic Index Fund 14.4 37 12 5.4 -5.0
DVY iShares Select Dividend ETF 14.4 39 10 8.0 -2.3
ONEO SPDR Russell 1000 Momentum Focus ETF 14.3 20 29 5.6 -4.7
GBLO Global Beta Low Beta ETF 14.3 29 20 7.3 -3.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 14.2 18 31 5.6 -4.7
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 14.2 20 29 7.1 -3.2
AFLG First Trust Active Factor Large Cap ETF 14.2 55 -6 4.8 -5.6
VYM Vanguard High Dividend Yield Index ETF 14.1 6 43 6.6 -3.7
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 14.1 35 14 6.7 -3.7
FTA First Trust Large Cap Value AlphaDEX Fund 14.0 60 -11 7.4 -3.0
VOOV Vanguard S&P 500 Value ETF 14.0 10 39 6.6 -3.8
RWK Invesco S&P MidCap 400 Revenue ETF 13.9 39 10 6.4 -3.9
AFMC First Trust Active Factor Mid Cap ETF 13.8 65 -16 5.3 -5.0
RNMC Mid Cap US Equity Select ETF 13.8 60 -11 6.1 -4.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 13.6 17 32 6.1 -4.2
IUS Invesco Strategic US ETF 13.6 19 30 5.5 -4.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 13.6 29 20 7.3 -3.0
JHMH John Hancock Multifactor Healthcare ETF 13.4 40 9 5.8 -4.5
JHMC John Hancock Multifactor Consumer Discretionary ETF 13.4 40 9 3.6 -6.8
FLQL Franklin LibertyQ U.S. Equity ETF 13.4 15 34 6.0 -4.3
JKI iShares Morningstar Mid-Cap Value ETF 13.3 30 19 7.6 -2.7
SYG SPDR MFS Systematic Growth Equity ETF 13.2 60 -11 3.6 -6.7
JKF iShares Morningstar Large Cap Value ETF 13.2 25 24 6.6 -3.8
EZM WisdomTree U.S. MidCap Earnings Fund 13.2 38 11 7.6 -2.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 13.2 17 32 5.7 -4.7
SCHD Schwab U.S. Dividend Equity ETF 13.2 6 43 7.1 -3.2
FAB First Trust Multi Cap Value AlphaDEX Fund 13.0 71 -22 7.5 -2.8
KVLE KFA Value Liner Dynamic Core Equity Index ETF 13.0 56 -7 5.7 -4.7
DHS WisdomTree U.S. High Dividend Fund 13.0 38 11 8.4 -2.0
DON WisdomTree U.S. MidCap Dividend Fund 13.0 38 11 6.7 -3.6
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 12.8 30 19 8.1 -2.3
EPS WisdomTree U.S. Earnings 500 Fund 12.8 8 41 6.0 -4.3
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 12.8 30 19 5.4 -5.0
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 12.8 25 24 6.9 -3.4
DTD WisdomTree U.S.Total Dividend Fund 12.8 28 21 6.3 -4.1
AUSF Global X Adaptive U.S. Factor ETF 12.7 27 22 8.0 -2.3
CVY Invesco Zacks Multi-Asset Income ETF 12.7 94 -45 8.1 -2.2
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 12.6 69 -20 4.1 -6.2
STMB iShares Factors US Mid Blend Style ETF 12.6 30 19 5.0 -5.4
DLN WisdomTree U.S. LargeCap Dividend Fund 12.6 28 21 6.2 -4.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 12.5 28 21 6.1 -4.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 12.4 30 19 5.3 -5.0
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 12.4 35 14 7.6 -2.7
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 12.4 35 14 7.7 -2.7
DIVB iShares U.S. Dividend & Buyback ETF 12.4 25 24 5.9 -4.4
VOE Vanguard Mid-Cap Value Index Fund 12.4 7 42 6.6 -3.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 12.4 25 24 5.8 -4.5
RESP WisdomTree US ESG Fund of Benef Interest 12.3 28 21 5.2 -5.2
FDRR Fidelity Dividend ETF for Rising Rates 12.3 29 20 6.0 -4.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 12.3 19 30 5.4 -5.0
RVRS Reverse Cap Weighted U.S. Large Cap ETF 12.3 29 20 6.1 -4.2

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 21.6 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 10.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.49
 
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.