Pacer Emerging Markets Cash Cows 100 ETF
ALTAR
Score™
13.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
13.1x P/Sales
ratio
0.7x
P/BV
ratio
0.7x Div.
yield
4.6%


  • 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) $2
Currency USD
Expense ratio 74 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 97
Wgt avg mkt cap (mns) $17,033
Large cap (>$10bn) 46.8%
Mid cap ($2-10bn) 49.1%
Small cap (<$2bn) 1.8%
Developed mkts 13.0%
Emerging mkts 87.0%

TOP TEN HOLDINGS
GREAT WALL MOTOR COMPANY-H 3.5 %
XIAOMI CORP. CLASS B 3.4 %
UNITED MICROELECTRONICS CORP 2.8 %
CHINA UNICOM (HONG KONG) LIMITED 2.4 %
HON HAI PRECISION INDUSTRY 2.2 %
QUANTA COMPUTER INC 2.1 %
CHINA EASTERN AIRLINES - H 2.1 %
CHINA SHENHUA ENERGY CO - H 2.1 %
EMIRATES TELECOMMUNICATIONS GROUP 2.0 %
CHINA TELECOM CORP. LTD. CLASS H 2.0 %
Total 24.6 %

TOP COUNTRY EXPOSURE
CHINA 20.9 %
TAIWAN 15.9 %
BRAZIL 13.4 %
RUSSIA 13.2 %
HONG KONG 8.2 %
SOUTH AFRICA 6.4 %
TURKEY 4.5 %
MEXICO 3.4 %
THAILAND 3.4 %
UAE 2.0 %

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.
-17.9% -7.5% -- -- -4.7%

Market Correlations
versus... Beta R-squared
S&P500 1.11 78%
MSCI EAFE 1.25 89%
MSCI Emg. Mkts. 1.01 90%

Technical Indicators
Recent close $20.84
30d moving avg. $20.61
Annualized volatility 26.6%
Short interest (ETF) 4.3%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $2,457

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: 74 bp ALTAR Score™: 13.6%


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
(%)
DEM WisdomTree Emerging Markets High Dividend Fund 16.2 63 11 15.0 +1.4
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 14.4 45 29 14.3 +0.8
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 13.7 45 29 9.1 -4.5
EWT iShares MSCI Taiwan ETF 13.4 59 15 6.1 -7.5
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 13.3 51 23 16.3 +2.8
EEMD AAM S&P Emerging Markets High Dividend Value ETF 13.1 50 24 19.3 +5.7
FLTW Franklin FTSE Taiwan ETF 12.8 19 55 6.2 -7.4
FEM First Trust Emerging Markets AlphaDEX Fund 12.0 80 -6 13.7 +0.1
EYLD Cambria Emerging Shareholder Yield ETF 11.8 69 5 12.9 -0.7
VIDI Vident International Equity Fund 11.7 59 15 11.3 -2.3
EMMF WisdomTree Emerging Markets Multifactor Fund 11.5 48 26 9.6 -4.0
ISEM Invesco Strategic Emerging Markets ETF 11.3 35 39 10.7 -2.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 10.6 29 45 10.0 -3.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 10.6 39 35 13.3 -0.2
ROAM Hartford Multifactor Emerging Markets ETF 10.5 44 30 13.0 -0.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.3 44 30 9.0 -4.5
EDIV SPDR S&P Emerging Markets Dividend ETF 9.1 49 25 12.0 -1.6
FDEM Fidelity Targeted Emerging Markets Factor ETF 8.8 45 29 8.4 -5.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.8 49 25 7.9 -5.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 8.7 95 -21 8.0 -5.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 8.7 60 14 10.6 -2.9
PXH Invesco FTSE RAFI Emerging Markets ETF 8.4 50 24 13.2 -0.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 8.3 32 42 8.9 -4.6
DVYE iShares Emerging Markets Dividend ETF 7.9 49 25 17.1 +3.5
FLRU Franklin FTSE Russia ETF 7.9 19 55 20.9 +7.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 7.6 45 29 7.5 -6.1
OBOR KraneShares MSCI One Belt One Road Index ETF 7.5 79 -5 8.9 -4.7
AVEM Avantis Emerging Markets Equity ETF 7.4 33 41 8.7 -4.8
RSX VanEck Vectors Russia ETF 7.3 67 7 14.1 +0.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.2 47 27 9.2 -4.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 7.0 30 44 8.7 -4.9
ILF iShares Latin America 40 ETF 6.9 48 26 6.2 -7.4
XCEM Columbia EM Core ex-China ETF 6.9 16 58 7.1 -6.5
RNEM Emerging Markets Equity Select ETF 6.9 75 -1 11.7 -1.9
FXI iShares China Large-Cap ETF 6.8 74 0 13.0 -0.5
IQDE FlexShares International Quality Dividend Defensive Index Fd 6.6 47 27 9.1 -4.5
ECON Columbia Emerging Markets Consumer ETF 6.5 59 15 4.9 -8.6
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 6.3 25 49 7.9 -5.6
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 6.1 18 56 4.8 -8.8
EMFM Global X MSCI Next Emerging & Frontier ETF 6.1 66 8 9.0 -4.6
DVEM WisdomTree Emerging Markets Dividend Fund 6.1 32 42 7.2 -6.4
ERUS iShares MSCI Russia ETF 6.0 59 15 17.0 +3.5
IQDF FlexShares International Quality Dividend Index Fund 5.9 47 27 9.1 -4.5
PIE Invesco DWA Emerging Markets Momentum ETF 5.8 90 -16 4.9 -8.7
EMXC iShares MSCI Emerging Markets ex China ETF 5.7 25 49 8.1 -5.5
JHEM John Hancock Multifactor Emerging Markets ETF 5.7 49 25 8.7 -4.9
SPEM SPDR Portfolio Emerging Markets ETF 5.6 11 63 7.7 -5.9
LVIN Hartford Multifactor Low Volatility International Equity ETF 5.6 29 45 11.5 -2.0
FLZA Franklin FTSE South Africa ETF 5.6 19 55 11.1 -2.5
SDEM Global X SuperDividend Emerging Markets ETF 5.5 66 8 18.2 +4.7
EZA iShares MSCI South Africa ETF 5.4 59 15 7.7 -5.8
SDIV Global X SuperDividend ETF 5.3 59 15 13.5 -0.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.3 49 25 7.7 -5.9
CHIC Global X Nasdaq China Technology ETF 5.1 66 8 4.2 -9.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 5.1 32 42 11.3 -2.3
FLLA Franklin FTSE Latin America ETF 4.9 19 55 6.6 -6.9
NXTG First Trust Indxx NextG ETF 4.9 70 4 5.9 -7.7
CHIM Global X China Materials ETF 4.9 66 8 8.8 -4.7
PBEE Invesco PureBeta FTSE Emerging Markets ETF 4.9 15 59 8.4 -5.2
FCA First Trust China AlphaDEX Fund 4.7 80 -6 14.3 +0.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 4.6 32 42 5.6 -7.9
SCHE Schwab Emerging Markets Equity ETF 4.6 11 63 7.8 -5.7
VWO Vanguard FTSE Emerging Markets ETF 4.5 10 64 7.9 -5.6
GMF SPDR S&P Emerging Asia Pacific ETF 4.4 49 25 7.0 -6.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.4 40 34 7.2 -6.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 4.3 30 44 7.6 -6.0
EWZ iShares MSCI Brazil Capped ETF 4.3 59 15 4.7 -8.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.3 65 9 7.4 -6.2
EEM iShares MSCI Emerging Markets ETF 4.2 68 6 7.3 -6.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 4.2 36 38 7.2 -6.3
FLBR Franklin FTSE Brazil ETF 4.1 19 55 5.2 -8.3
EEMA iShares MSCI Emerging Markets Asia ETF 4.0 50 24 7.6 -5.9
BICK First Trust BICK Index Fund 4.0 64 10 4.6 -8.9
BKEM BNY Mellon Emerging Markets Equity ETF 3.9 11 63 8.2 -5.3
TUR iShares MSCI Turkey ETF 3.8 59 15 17.7 +4.2
IEMG iShares Core MSCI Emerging Markets ETF 3.8 13 61 7.8 -5.8
EEMO Invesco S&P Emerging Markets Momentum ETF 3.8 29 45 4.0 -9.6
FTRI First Trust Indxx Global Natural Resources Income ETF 3.7 70 4 9.5 -4.0
AIA iShares Asia 50 ETF 3.6 50 24 7.8 -5.8
GVAL Cambria Global Value ETF 3.6 65 9 11.6 -2.0
CHII Global X China Industrials ETF 3.6 66 8 11.9 -1.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.5 59 15 11.0 -2.6
GNR SPDR S&P Global Natural Resources ETF 3.5 40 34 6.5 -7.1
CHIK Global X MSCI China Information Technology ETF 3.4 66 8 8.1 -5.5
FPXI First Trust International Equity Opportunities ETF 3.4 70 4 2.5 -11.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 3.4 20 54 6.7 -6.9
FRDM Freedom 100 Emerging Markets ETF 3.4 49 25 6.5 -7.1
ESGE iShares ESG MSCI EM ETF 3.3 25 49 8.5 -5.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.3 68 6 7.0 -6.6
AFK VanEck Vectors Africa Index ETF 3.3 79 -5 8.3 -5.3
FLAX Franklin FTSE Asia Ex Japan ETF 3.2 19 55 7.6 -6.0
SNSR Global X Internet of Things Thematic ETF 3.1 68 6 4.7 -8.8
FLN First Trust Latin America AlphaDEX Fund 3.1 80 -6 7.3 -6.2
IRBO iShares Robotics & Artificial Intelligence ETF 3.1 47 27 2.5 -11.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.1 58 16 7.8 -5.8
PICK iShares MSCI Global Metals & Mining Producers ETF 3.0 39 35 6.9 -6.6
BKF iShares MSCI BRIC ETF 3.0 69 5 7.3 -6.2
EMIF iShares Emerging Markets Infrastructure ETF 2.9 60 14 10.3 -3.3
NUEM Nuveen ESG Emerging Markets Equity ETF 2.9 45 29 6.7 -6.9
FLCH Franklin FTSE China ETF 2.9 19 55 8.1 -5.5

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%.

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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 9.5 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 74 bp
Equals: ALTAR Score 13.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.43
 
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.