Pacer Emerging Markets Cash Cows 100 ETF
ALTAR
Score™
13.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
11.3x P/Sales
ratio
0.7x
P/BV
ratio
0.9x Div.
yield
4.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Pacer Emerging Markets Cash Cows 100 ETF tracks a fundamental-selected and -weighted index of emerging markets equities.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Pacer Financial
Website www.paceretfs.com
Inception date May 02, 2019
Assets (mns) $1
Currency USD
Expense ratio 70 bp
Distributions Annually

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) $15,568
Large cap (>$10bn) 55.3%
Mid cap ($2-10bn) 39.0%
Small cap (<$2bn) 3.7%
Developed mkts 10.4%
Emerging mkts 89.6%

TOP TEN HOLDINGS
ANHUI CONCH CEMENT CO LTD-H 2.7 %
PUBLIC JOINT STOCK COMPANY MINING 2.6 %
CHINA SHENHUA ENERGY CO - H 2.2 %
WEICHAI POWER CO LTD-H 2.2 %
HON HAI PRECISION INDUSTRY 2.1 %
NOVOLIPETSK STEEL (NLMK OAO) 2.0 %
OIL COMPANY LUKOIL PJSC SPONSORED 2.0 %
PTT PUBLIC CO., LTD. 2.0 %
VALE SA-SP ADR 2.0 %
GRUPO MEXICO SAB DE CV-SER B 1.9 %
Total 21.6 %

TOP COUNTRY EXPOSURE
TAIWAN 15.8 %
RUSSIA 15.4 %
CHINA 14.1 %
BRAZIL 11.1 %
HONG KONG 9.1 %
THAILAND 7.5 %
TURKEY 5.4 %
SOUTH AFRICA 5.0 %
MEXICO 4.7 %
INDONESIA 4.2 %

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.
-22.7% -- -- -- -11.8%

Market Correlations
versus... Beta R-squared
S&P500 1.19 80%
MSCI EAFE 1.29 91%
MSCI Emg. Mkts. 1.09 94%

Technical Indicators
Recent close $20.58
30d moving avg. $19.08
Annualized volatility 30.3%
Short interest (ETF) 0.2%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $2,865

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: ECOW Expense: 70 bp ALTAR Score™: 13.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ECOW
Ticker Fund
Name
Overlap1
vs ECOW
(%)
Expense
ratio
(bp)
Savings
vs ECOW
(bp)
ALTAR
Score™
(%)
ALTAR
vs ECOW
(%)
EEMD AAM S&P Emerging Markets High Dividend Value ETF 19.6 50 20 20.8 +7.8
DEM WisdomTree Emerging Markets High Dividend Fund 16.5 63 7 14.2 +1.2
FLTW Franklin FTSE Taiwan ETF 14.6 19 51 6.7 -6.4
EYLD Cambria Emerging Shareholder Yield ETF 14.2 66 4 16.6 +3.6
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 14.2 51 19 13.4 +0.4
EWT iShares MSCI Taiwan ETF 14.1 59 11 6.4 -6.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 13.0 32 38 9.5 -3.5
ISEM Invesco Strategic Emerging Markets ETF 12.5 35 35 10.3 -2.7
ROAM Hartford Multifactor Emerging Markets ETF 12.4 44 26 14.8 +1.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 12.3 45 25 9.0 -4.1
FEM First Trust Emerging Markets AlphaDEX Fund 12.3 80 -10 11.8 -1.3
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 12.1 45 25 10.0 -3.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 11.7 45 25 13.5 +0.5
EMMF WisdomTree Emerging Markets Multifactor Fund 11.7 48 22 9.9 -3.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 10.8 39 31 13.1 +0.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 10.7 95 -25 10.1 -2.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 10.7 49 21 9.0 -4.0
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 10.7 50 20 9.9 -3.2
OBOR KraneShares MSCI One Belt One Road Index ETF 10.6 79 -9 9.7 -3.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 10.3 60 10 10.4 -2.6
PXH Invesco FTSE RAFI Emerging Markets ETF 10.3 50 20 13.7 +0.7
XCEM Columbia EM Core ex-China ETF 10.1 16 54 7.8 -5.2
VIDI Vident International Equity Fund 9.8 59 11 11.3 -1.7
PIE Invesco DWA Emerging Markets Momentum ETF 9.2 90 -20 5.7 -7.3
FLRU Franklin FTSE Russia ETF 9.2 19 51 19.3 +6.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.0 29 41 9.9 -3.1
IQDE FlexShares International Quality Dividend Defensive Index Fd 8.9 47 23 12.7 -0.3
IQDF FlexShares International Quality Dividend Index Fund 8.8 47 23 12.9 -0.1
ERUS iShares MSCI Russia ETF 8.4 59 11 15.8 +2.7
CHII Global X China Industrials ETF 8.4 66 4 12.4 -0.6
ECON Columbia Emerging Markets Consumer ETF 8.4 59 11 4.9 -8.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.2 47 23 13.5 +0.5
EMCG WisdomTree Emerging Markets Consumer Growth Fund 8.1 32 38 7.9 -5.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 7.8 30 40 9.4 -3.6
SDEM Global X SuperDividend Emerging Markets ETF 7.6 67 3 22.6 +9.6
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 7.5 18 52 6.1 -7.0
ILF iShares Latin America 40 ETF 7.4 48 22 7.1 -5.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 7.3 49 21 8.3 -4.8
RSX VanEck Vectors Russia ETF 7.2 65 5 13.6 +0.5
AVEM Avantis Emerging Markets Equity ETF 7.1 33 37 9.5 -3.5
FDEM Fidelity Targeted Emerging Markets Factor ETF 7.0 45 25 9.7 -3.3
JHEM John Hancock Multifactor Emerging Markets ETF 7.0 55 15 8.8 -4.2
PBEE Invesco PureBeta FTSE Emerging Markets ETF 7.0 14 56 9.5 -3.5
DVEM WisdomTree Emerging Markets Dividend Fund 6.8 32 38 9.1 -4.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 6.8 45 25 8.7 -4.3
FCA First Trust China AlphaDEX Fund 6.8 80 -10 15.0 +1.9
AXJL WisdomTree Asia Pacific ex-Japan Fund 6.6 48 22 10.0 -3.0
EMXC iShares MSCI Emerging Markets ex China ETF 6.5 49 21 8.4 -4.7
SPEM SPDR Portfolio Emerging Markets ETF 6.4 11 59 8.6 -4.4
DVYE iShares Emerging Markets Dividend ETF 6.1 49 21 13.0 -0.0
EEMO Invesco S&P Emerging Markets Momentum ETF 5.9 30 40 7.1 -5.9
RNEM Emerging Markets Equity Select ETF 5.9 75 -5 10.4 -2.6
FLN First Trust Latin America AlphaDEX Fund 5.8 80 -10 8.1 -4.9
EDIV SPDR S&P Emerging Markets Dividend ETF 5.7 49 21 11.5 -1.6
EMFM Global X MSCI Next Emerging & Frontier ETF 5.7 55 15 8.7 -4.4
VWO Vanguard FTSE Emerging Markets ETF 5.6 10 60 8.8 -4.2
GMF SPDR S&P Emerging Asia Pacific ETF 5.5 49 21 8.0 -5.1
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 5.4 64 6 5.3 -7.7
SDIV Global X SuperDividend ETF 5.4 58 12 17.3 +4.3
SCHE Schwab Emerging Markets Equity ETF 5.4 13 57 8.7 -4.4
LVIN Hartford Multifactor Low Volatility International Equity ETF 5.4 29 41 12.2 -0.8
DWCR Arrow DWA Country Rotation ETF 5.2 95 -25 17.6 +4.5
FRDM Freedom 100 Emerging Markets ETF 5.2 49 21 7.2 -5.8
NUEM Nuveen ESG Emerging Markets Equity ETF 5.1 45 25 7.8 -5.2
EEMA iShares MSCI Emerging Markets Asia ETF 5.0 50 20 8.4 -4.6
GVAL Cambria Global Value ETF 5.0 69 1 10.8 -2.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.8 65 5 8.4 -4.6
DNL WisdomTree Global ex-US Dividend Growth Fund 4.8 58 12 8.0 -5.1
FLLA Franklin FTSE Latin America ETF 4.8 19 51 6.9 -6.1
EEM iShares MSCI Emerging Markets ETF 4.7 68 2 8.3 -4.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 4.7 30 40 8.8 -4.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 4.6 32 38 6.8 -6.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.5 59 11 11.1 -2.0
FTRI First Trust Indxx Global Natural Resources Income ETF 4.5 70 0 11.0 -2.0
CHIM Global X China Materials ETF 4.5 65 5 11.0 -2.0
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 4.3 25 45 8.4 -4.6
IEMG iShares Core MSCI Emerging Markets ETF 4.3 14 56 8.7 -4.4
FXI iShares China Large-Cap ETF 4.3 74 -4 13.5 +0.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.3 40 30 7.9 -5.2
TUR iShares MSCI Turkey ETF 4.2 59 11 17.6 +4.6
EIDO iShares MSCI Indonesia ETF 4.2 59 11 10.4 -2.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 4.0 68 2 8.0 -5.1
FLZA Franklin FTSE South Africa ETF 4.0 19 51 11.6 -1.4
ESGE iShares ESG MSCI EM ETF 4.0 25 45 9.7 -3.4
FLAX Franklin FTSE Asia Ex Japan ETF 4.0 19 51 8.5 -4.6
GNR SPDR S&P Global Natural Resources ETF 3.9 40 30 6.4 -6.6
EZA iShares MSCI South Africa ETF 3.9 59 11 9.6 -3.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 3.9 20 50 7.6 -5.4
ASEA Global X Southeast Asia ETF 3.7 65 5 9.8 -3.2
AIA iShares Asia 50 ETF 3.6 50 20 8.9 -4.1
FLBR Franklin FTSE Brazil ETF 3.6 19 51 5.3 -7.7
PICK iShares MSCI Global Metals & Mining Producers ETF 3.6 39 31 7.5 -5.6
FBZ First Trust Brazil AlphaDEX Fund 3.2 80 -10 5.6 -7.5
NXTG First Trust Indxx NextG ETF 3.1 70 0 6.1 -7.0
VYMI Vanguard International High Dividend Yield ETF 3.0 32 38 10.1 -2.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 3.0 20 50 10.9 -2.1
HAP VanEck Vectors Natural Resources ETF 2.9 50 20 6.2 -6.9
BATT Amplify Advanced Battery Metals & Materials ETF 2.9 72 -2 2.8 -10.2
EMIF iShares Emerging Markets Infrastructure ETF 2.7 75 -5 7.8 -5.2
BICK First Trust BICK Index Fund 2.7 64 6 4.4 -8.6

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 Emerging Markets 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 11.5 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 13.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.45
 
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.