Pacer Global High Dividend ETF
ALTAR
Score™
10.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
12.8x P/Sales
ratio
0.9x
P/BV
ratio
1.0x Div.
yield
6.3%


  • 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 22, 2016
Assets (mns) $132
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) $59,945
Large cap (>$10bn) 88.6%
Mid cap ($2-10bn) 10.5%
Small cap (<$2bn) 0.0%
Developed mkts 98.4%
Emerging mkts 1.6%

TOP TEN HOLDINGS
ABBVIE INC 2.2 %
SOFTBANK CORP. 2.2 %
NIPPON TELEGRAPH AND TELEPHONE COR 2.2 %
NTT DOCOMO, INC. 2.1 %
BHP BILLITON LTD-SPON ADR 2.1 %
GLAXOSMITHKLINE PLC-SPON ADR 2.1 %
DEUTSCHE TELEKOM AG 2.1 %
RIO TINTO PLC-SPON ADR 2.1 %
VERIZON COMMUNICATIONS INC 2.0 %
BRITISH AMERICAN TOB-SP ADR 2.0 %
Total 21.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 28.6 %
BRITAIN 17.1 %
JAPAN 15.9 %
AUSTRALIA 9.4 %
HONG KONG 5.8 %
NORWAY 2.9 %
SWITZERLAND 2.8 %
CANADA 2.3 %
FRANCE 2.2 %
GERMANY 2.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-18.5% -13.9% -- -- 3.8%

Market Correlations
versus... Beta R-squared
S&P500 0.91 87%
MSCI EAFE 1.01 93%
MSCI Emg. Mkts. 0.75 81%

Technical Indicators
Recent close $25.42
30d moving avg. $25.65
Annualized volatility 16.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.4%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $20,343

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™: 10.4%


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 28.8 65 -5 11.1 +0.7
DEW WisdomTree Global High Dividend Fund 22.8 58 2 9.4 -1.0
SPYD SPDR S&P 500 High Dividend ETF 22.4 7 53 10.4 +0.0
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 21.1 45 15 10.0 -0.3
SPDV AAM S&P 500 High Dividend Value ETF 20.7 29 31 11.0 +0.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 20.6 38 22 8.0 -2.4
DHS WisdomTree U.S. High Dividend Fund 20.0 38 22 8.7 -1.7
SDOG ALPS Sector Dividend Dogs ETF 18.1 40 20 10.4 -0.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 17.8 30 30 9.8 -0.6
LVHI Legg Mason International Low Volatility High Dividend ETF 17.4 40 20 9.2 -1.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 16.9 20 40 9.5 -0.9
FDL First Trust Morningstar Dividend Leaders Index Fund 16.8 45 15 10.3 -0.1
OUSA O'Shares FTSE US Quality Dividend ETF 16.2 48 12 5.7 -4.6
DLN WisdomTree U.S. LargeCap Dividend Fund 15.9 28 32 6.4 -4.0
FDVV Fidelity Core Dividend ETF 15.8 29 31 7.2 -3.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 15.8 75 -15 6.2 -4.2
DOO WisdomTree International Dividend ex-Financials Fund 15.5 58 2 8.8 -1.6
WLDR Affinity World Leaders Equity ETF 15.5 47 13 9.7 -0.7
VYM Vanguard High Dividend Yield Index ETF 15.2 6 54 7.4 -3.0
JKF iShares Morningstar Large Cap Value ETF 14.9 25 35 7.6 -2.7
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 14.7 30 30 7.4 -2.9
RDIV Invesco S&P Ultra Dividend Revenue ETF 14.6 39 21 11.2 +0.8
MGV Vanguard Mega Cap Value ETF 14.4 7 53 7.3 -3.0
DTD WisdomTree U.S.Total Dividend Fund 14.4 28 32 6.7 -3.7
DTH WisdomTree DEFA Equity Income Fund 14.1 58 2 9.7 -0.7
DVY iShares Select Dividend ETF 14.0 39 21 9.7 -0.7
FDRR Fidelity Dividend ETF for Rising Rates 13.9 29 31 7.0 -3.3
EQWL Invesco Russell Top 200 Equal Weight ETF 13.7 25 35 6.2 -4.2
USDY Pacific Global US Equity Income ETF 13.6 29 31 7.3 -3.1
DURA VanEck Vectors Morningstar Durable Dividend ETF 13.4 29 31 7.2 -3.1
COWZ Pacer US Cash Cows 100 ETF 13.3 49 11 10.9 +0.5
PWV Invesco Dynamic Large Cap Value ETF 13.3 55 5 8.9 -1.5
IWX iShares Russell Top 200 Value ETF 13.2 20 40 7.2 -3.2
VLUE iShares Edge MSCI USA Value Factor ETF 13.1 15 45 11.5 +1.1
DIV Global X SuperDividend US ETF 12.9 46 14 7.1 -3.3
VALQ American Century STOXX U.S. Quality Value ETF 12.7 29 31 9.2 -1.2
VTV Vanguard Value Index Fund 12.7 4 56 7.5 -2.9
EWJV iShares MSCI Japan Value ETF 12.7 15 45 10.4 0.0
SCHV Schwab U.S. Large-Cap Value ETF 12.4 4 56 7.2 -3.2
QDF FlexShares Quality Dividend Index Fund 12.3 37 23 6.2 -4.2
PEY Invesco High Yield Equity Dividend Achievers ETF 12.3 53 7 9.2 -1.2
WDIV SPDR Global Dividend ETF 12.2 40 20 9.9 -0.5
VOOV Vanguard S&P 500 Value ETF 12.1 15 45 7.4 -3.0
SPYV SPDR Portfolio S&P 500 Value ETF 12.1 4 56 7.5 -2.9
IVE iShares S&P 500 Value ETF 12.1 18 42 7.3 -3.0
GBDV Global Beta Smart Income ETF 11.9 29 31 8.8 -1.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 11.7 20 40 11.1 +0.7
IUSV iShares Core S&P U.S. Value ETF 11.5 4 56 7.6 -2.8
QDEF FlexShares Quality Dividend Defensive Index Fund 11.5 37 23 5.9 -4.5
IDOG ALPS International Sector Dividend Dogs ETF 11.4 50 10 11.0 +0.6
LVHD Legg Mason Low Volatility High Dividend ETF 11.2 27 33 8.8 -1.5
IDY Pacific Global International Equity Income ETF 11.1 39 21 8.1 -2.3
JPIN JPMorgan Diversified Return International Equity ETF 11.0 37 23 8.1 -2.3
RNDV US Equity Dividend Select ETF 11.0 50 10 7.7 -2.7
DOL WisdomTree International LargeCap Dividend Fund 10.8 48 12 8.6 -1.8
IXP iShares Global Comm Services ETF 10.8 46 14 5.7 -4.7
JPGE JPMorgan Diversified Return Global Equity ETF 10.7 29 31 7.5 -2.9
FVAL Fidelity Value Factor ETF 10.7 29 31 8.1 -2.3
IVLU iShares Edge MSCI Intl Value Factor ETF 10.7 30 30 11.4 +1.0
WBIY WBI Power Factor High Dividend ETF 10.7 70 -10 12.4 +2.0
PRF Invesco FTSE RAFI US 1000 ETF 10.6 39 21 6.9 -3.5
QDYN FlexShares Quality Dividend Dynamic Index Fund 10.5 37 23 6.3 -4.1
DJD Invesco Dow Jones Industrial Average Dividend ETF 10.5 7 53 6.9 -3.5
EDOW First Trust Dow 30 Equal Weight ETF 10.5 50 10 6.0 -4.3
VONV Vanguard Russell 1000 Value Index Fund 10.5 8 52 7.4 -3.0
RAFE PIMCO RAFI ESG U.S. ETF 10.4 29 31 7.9 -2.5
IWD iShares Russell 1000 Value ETF 10.4 19 41 7.2 -3.1
DIVB iShares U.S. Dividend & Buyback ETF 10.4 25 35 6.7 -3.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 10.4 25 35 6.6 -3.8
DWMF WisdomTree International Multifactor Fund 10.3 38 22 6.8 -3.6
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 10.3 35 25 8.7 -1.7
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 10.1 19 41 6.9 -3.5
BVAL Brand Value ETF 10.0 65 -5 6.2 -4.2
FLQL Franklin LibertyQ U.S. Equity ETF 10.0 15 45 6.3 -4.1
IDLV Invesco S&P International Developed Low Volatility ETF 10.0 25 35 6.7 -3.7
REVS Columbia Research Enhanced Value ETF 9.8 19 41 7.8 -2.6
IQIN IQ 500 International ETF 9.8 25 35 9.0 -1.4
MVIN Natixis Seeyond International Minimum Volatility ETF 9.8 56 4 5.4 -5.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 9.7 52 8 5.1 -5.3
EPP iShares MSCI Pacific ex-Japan ETF 9.7 48 12 6.6 -3.8
JDIV JPMorgan U.S. Dividend ETF 9.7 12 48 7.9 -2.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 9.7 47 13 6.5 -3.9
IUS Invesco Strategic US ETF 9.6 19 41 6.7 -3.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 9.6 59 1 11.3 +0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 9.6 25 35 6.6 -3.8
GDVD Principal Active Global Dividend Income ETF 9.5 58 2 5.1 -5.3
HDV iShares Core High Dividend ETF 9.5 8 52 6.8 -3.6
VRAI Virtus Real Asset Income ETF 9.4 55 5 11.2 +0.8
EFV iShares MSCI EAFE Value ETF 9.4 39 21 9.6 -0.8
EFAV iShares Edge MSCI Min Vol EAFE ETF 9.4 20 40 5.5 -4.9
HUSV First Trust Horizon Managed Volatility Domestic ETF 9.3 70 -10 4.8 -5.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 9.3 80 -20 5.9 -4.5
PFM Invesco Dividend Achievers ETF 9.3 54 6 5.5 -4.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 9.2 29 31 6.3 -4.1
FDEV Fidelity Targeted International Factor ETF 9.1 39 21 6.5 -3.9
RNDM Developed International Equity Select ETF 9.0 65 -5 6.5 -3.9
IQDE FlexShares International Quality Dividend Defensive Index Fd 8.9 47 13 12.4 +2.0
EFAS Global X MSCI SuperDividend EAFE ETF 8.9 56 4 9.7 -0.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 8.8 32 28 6.4 -4.0
JPMV iShares Edge MSCI Min Vol Japan ETF 8.8 30 30 6.5 -3.9

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 11.3 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 10.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.50
 
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.