Pacer Global High Dividend ETF
ALTAR
Score™
13.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
9.4x P/Sales
ratio
0.7x
P/BV
ratio
0.9x Div.
yield
7.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Pacer Global High Dividend ETF tracks an index of developed market large cap stocks, selected by free cash flow yield and dividend yield and weighted by aggregate dividends.

FUND BASICS
Category Global Equities
Fund Sponsor Pacer Financial
Website www.paceretfs.com
Inception date Feb 23, 2016
Assets (mns) $137
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Dividend
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $61,746
Large cap (>$10bn) 90.6%
Mid cap ($2-10bn) 8.8%
Small cap (<$2bn) 0.1%
Developed mkts 97.3%
Emerging mkts 2.7%

TOP TEN HOLDINGS
GILEAD SCIENCES INC 3.3 %
NTT DOCOMO, INC. 3.0 %
NIPPON TELEGRAPH AND TELEPHONE COR 2.6 %
SOFTBANK CORP. 2.5 %
VERIZON COMMUNICATIONS INC 2.5 %
PFIZER INC 2.4 %
PHILIP MORRIS INTERNATIONAL 2.4 %
ABBVIE INC 2.3 %
BRITISH AMERICAN TOB-SP ADR 2.3 %
GLAXOSMITHKLINE PLC-SPON ADR 2.2 %
Total 25.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 29.1 %
BRITAIN 16.4 %
JAPAN 12.4 %
AUSTRALIA 6.5 %
GERMANY 5.1 %
SWITZERLAND 3.6 %
HONG KONG 3.1 %
FRANCE 3.1 %
SPAIN 2.6 %
CANADA 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-27.7% -22.9% -- -- 1.0%

Market Correlations
versus... Beta R-squared
S&P500 0.96 85%
MSCI EAFE 1.02 93%
MSCI Emg. Mkts. 0.78 81%

Technical Indicators
Recent close $22.15
30d moving avg. $24.33
Annualized volatility 15.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 100
Turnover 1.6%
Bid/Ask (% of price) 0.67%
ADV underlying (mns) $19,181

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: GCOW Expense: 60 bp ALTAR Score™: 13.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GCOW
Ticker Fund
Name
Overlap1
vs GCOW
(%)
Expense
ratio
(bp)
Savings
vs GCOW
(bp)
ALTAR
Score™
(%)
ALTAR
vs GCOW
(%)
ICOW Pacer Developed Markets International Cash Cows 100 ETF 36.5 65 -5 15.3 +2.2
DEW WisdomTree Global High Dividend Fund 25.2 58 2 11.6 -1.6
SPDV AAM S&P 500 High Dividend Value ETF 24.2 29 31 14.7 +1.6
DHS WisdomTree U.S. High Dividend Fund 24.0 38 22 10.6 -2.5
SPYD SPDR S&P 500 High Dividend ETF 21.9 7 53 14.4 +1.3
JKF iShares Morningstar Large Cap Value ETF 21.6 25 35 9.7 -3.5
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 21.5 30 30 12.0 -1.2
SDOG ALPS Sector Dividend Dogs ETF 21.5 40 20 14.1 +0.9
CID Victory CEMP Intl High Dividend Volatility Wtd Index ETF 20.1 45 15 15.0 +1.8
DOO WisdomTree International Dividend ex-Financials Fund 19.6 58 2 11.1 -2.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 19.0 38 22 10.3 -2.9
FDL First Trust Morningstar Dividend Leaders Index Fund 18.4 45 15 11.2 -2.0
GBDV Global Beta Smart Income ETF 18.1 29 31 16.7 +3.6
OUSA O'Shares FTSE US Quality Dividend ETF 18.0 48 12 7.1 -6.1
RNDV US Equity Dividend Select ETF 17.4 50 10 10.7 -2.5
DLN WisdomTree U.S. LargeCap Dividend Fund 16.9 28 32 8.1 -5.0
DVOP Source Dividend Opportunity ETF 16.9 50 10 11.5 -1.6
IDOG ALPS International Sector Dividend Dogs ETF 16.8 50 10 13.7 +0.5
FDRR Fidelity Dividend ETF for Rising Rates 16.6 29 31 9.8 -3.3
VYM Vanguard High Dividend Yield Index ETF 16.4 6 54 9.0 -4.1
QDF FlexShares Quality Dividend Index Fund 15.9 37 23 9.0 -4.2
DTH WisdomTree DEFA Equity Income Fund 15.9 58 2 12.5 -0.6
FDVV Fidelity Core Dividend ETF 15.6 29 31 9.9 -3.3
MGV Vanguard Mega Cap Value ETF 15.6 7 53 9.0 -4.2
DMDV AAM S&P Developed Markets High Dividend Value ETF 15.3 39 21 14.0 +0.8
DTD WisdomTree U.S.Total Dividend Fund 15.1 28 32 8.6 -4.5
QDEF FlexShares Quality Dividend Defensive Index Fund 15.0 37 23 8.0 -5.1
QDYN FlexShares Quality Dividend Dynamic Index Fund 14.8 37 23 9.3 -3.9
IWX iShares Russell Top 200 Value ETF 14.6 20 40 8.9 -4.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 14.3 20 40 11.3 -1.9
DVY iShares Select Dividend ETF 14.3 39 21 10.9 -2.3
DURA VanEck Vectors Morningstar Durable Dividend ETF 14.2 29 31 8.5 -4.7
PEY Invesco High Yield Equity Dividend Achievers ETF 14.0 53 7 10.1 -3.1
VTV Vanguard Value Index Fund 14.0 4 56 9.3 -3.9
VOOV Vanguard S&P 500 Value ETF 13.8 15 45 9.3 -3.9
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 13.8 30 30 8.6 -4.5
USDY Pacific Global US Equity Income ETF 13.8 29 31 10.7 -2.4
SPYV SPDR Portfolio S&P 500 Value ETF 13.8 4 56 9.4 -3.8
IVE iShares S&P 500 Value ETF 13.8 18 42 9.2 -3.9
SCHV Schwab U.S. Large-Cap Value ETF 13.7 4 56 9.1 -4.0
FVAL Fidelity Value Factor ETF 13.5 29 31 11.1 -2.0
DIV Global X SuperDividend US ETF 13.4 45 15 15.5 +2.4
LVHI Legg Mason International Low Volatility High Dividend ETF 13.4 40 20 12.0 -1.2
WDIV SPDR Global Dividend ETF 13.3 40 20 12.8 -0.3
EQWL Invesco Russell Top 200 Equal Weight ETF 13.2 25 35 7.7 -5.5
IUSV iShares Core S&P U.S. Value ETF 13.2 4 56 9.5 -3.6
IDY Pacific Global International Equity Income ETF 12.9 39 21 11.0 -2.1
VLUE iShares Edge MSCI USA Value Factor ETF 12.7 15 45 14.6 +1.5
IXP iShares Global Comm Services ETF 12.7 46 14 7.5 -5.7
BVAL Brand Value ETF 12.7 65 -5 9.0 -4.1
IQIN IQ 500 International ETF 12.5 25 35 11.3 -1.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 12.5 20 40 13.0 -0.2
VALQ American Century STOXX U.S. Quality Value ETF 12.5 29 31 12.0 -1.2
IVLU iShares Edge MSCI Intl Value Factor ETF 12.4 30 30 14.3 +1.1
RAFE PIMCO RAFI ESG U.S. ETF 12.2 29 31 10.2 -2.9
PRF Invesco FTSE RAFI US 1000 ETF 12.1 39 21 9.4 -3.8
LVHD Legg Mason Low Volatility High Dividend ETF 12.1 27 33 8.8 -4.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 11.9 25 35 8.5 -4.7
EFV iShares MSCI EAFE Value ETF 11.9 39 21 12.7 -0.5
VONV Vanguard Russell 1000 Value Index Fund 11.9 8 52 9.4 -3.7
FLQL Franklin LibertyQ U.S. Equity ETF 11.8 15 45 8.2 -5.0
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 11.8 35 25 11.6 -1.5
IWD iShares Russell 1000 Value ETF 11.7 19 41 9.3 -3.9
ESGN Columbia Sustainable International Equity Income ETF 11.6 45 15 14.0 +0.9
FLAG FLAG-Forensic Accounting Long Short ETF 11.5 152 -92 12.1 -1.1
DOL WisdomTree International LargeCap Dividend Fund 11.3 48 12 10.8 -2.4
ACIO Aptus Collared Income Opportunity ETF 11.3 79 -19 6.4 -6.7
REVS Columbia Research Enhanced Value ETF 11.3 19 41 10.0 -3.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 11.3 29 31 8.2 -4.9
PWV Invesco Dynamic Large Cap Value ETF 11.2 55 5 10.8 -2.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 11.1 25 35 8.6 -4.6
JDIV JPMorgan U.S. Dividend ETF 11.0 12 48 11.0 -2.2
HDV iShares Core High Dividend ETF 11.0 8 52 8.3 -4.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 11.0 12 48 6.4 -6.8
JPIN JPMorgan Diversified Return International Equity ETF 11.0 38 22 9.9 -3.2
SCHD Schwab U.S. Dividend Equity ETF 10.9 6 54 9.3 -3.9
DIVB iShares U.S. Dividend & Buyback ETF 10.8 25 35 8.9 -4.2
JPGE JPMorgan Diversified Return Global Equity ETF 10.8 29 31 9.3 -3.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 10.7 58 2 13.6 +0.5
HUSV First Trust Horizon Managed Volatility Domestic ETF 10.6 70 -10 6.7 -6.4
PFM Invesco Dividend Achievers ETF 10.5 54 6 6.5 -6.6
FIVA Fidelity International Value Factor ETF 10.5 39 21 13.3 +0.1
IUS Invesco Strategic US ETF 10.4 19 41 8.1 -5.1
COWZ Pacer US Cash Cows 100 ETF 10.4 49 11 14.0 +0.9
JVAL JPMorgan U.S. Value Factor ETF 10.2 12 48 12.2 -0.9
MOAT VanEck Vectors Morningstar Wide Moat ETF 10.1 49 11 8.1 -5.0
NULV Nuveen ESG Large-Cap Value ETF 10.1 35 25 9.5 -3.7
FQAL Fidelity Quality Factor ETF 10.1 29 31 7.1 -6.0
WLDR Affinity World Leaders Equity ETF 10.1 47 13 12.7 -0.5
EFAV iShares Edge MSCI Min Vol EAFE ETF 10.0 20 40 6.7 -6.5
DGT SPDR Global Dow ETF 9.9 50 10 8.8 -4.3
JQUA JPMorgan U.S. Quality Factor ETF 9.9 12 48 6.7 -6.4
FID First Trust S&P International Dividend Aristocrats ETF 9.8 60 0 11.9 -1.3
VLU SPDR S&P 1500 Value Tilt ETF 9.7 12 48 9.8 -3.4
OEF iShares S&P 100 ETF 9.7 20 40 6.4 -6.7
GNR SPDR S&P Global Natural Resources ETF 9.7 40 20 8.7 -4.5
FYLD Cambria Foreign Shareholder Yield ETF 9.6 59 1 13.0 -0.2
ESGS Columbia Sustainable U.S. Equity Income ETF 9.6 35 25 12.3 -0.8
XLG Invesco S&P 500 Top 50 ETF 9.6 20 40 6.0 -7.1
RECS Columbia Research Enhanced Core ETF 9.5 15 45 7.6 -5.6

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 Global High Dividend 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 12.7 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 13.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.