Pacer Global High Dividend ETF
ALTAR
Score™
9.9% info Recommen-
dation
SPECULATIVE
2021E    2022E
P/E
ratio
10.1x P/Sales
ratio
1.0x
P/BV
ratio
1.4x Div.
yield
6.1%


  • 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) $128
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 101
Wgt avg mkt cap (mns) $79,443
Large cap (>$10bn) 95.7%
Mid cap ($2-10bn) 3.9%
Small cap (<$2bn) 0.0%
Developed mkts 98.5%
Emerging mkts 1.6%

TOP TEN HOLDINGS
FORTESCUE METALS GROUP LTD 2.4 %
BHP BILLITON LTD-SPON ADR 2.4 %
RIO TINTO PLC-SPON ADR 2.3 %
BROADCOM INC. 2.3 %
BAYER AG 2.2 %
SOFTBANK CORP. 2.1 %
NIPPON TELEGRAPH AND TELEPHONE COR 2.1 %
BASF SE 2.1 %
ALTRIA GROUP INC 2.0 %
PHILIP MORRIS INTERNATIONAL 2.0 %
Total 21.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 30.9 %
JAPAN 15.6 %
BRITAIN 15.3 %
AUSTRALIA 7.7 %
GERMANY 5.7 %
SWITZERLAND 4.5 %
FRANCE 4.3 %
HONG KONG 4.0 %
SPAIN 2.7 %
SINGAPORE 2.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
2.7% 13.5% -- -- 7.2%

Market Correlations
versus... Beta R-squared
S&P500 0.96 83%
MSCI EAFE 1.03 94%
MSCI Emg. Mkts. 0.81 72%

Technical Indicators
Recent close $29.46
30d moving avg. $29.63
Annualized volatility 19.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.3%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $16,991

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 9.9%


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 29.9 65 -5 10.3 +0.3
DEW WisdomTree Global High Dividend Fund 26.6 58 2 8.6 -1.4
DHS WisdomTree U.S. High Dividend Fund 26.0 38 22 8.2 -1.8
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 26.0 30 30 7.7 -2.3
DOO WisdomTree International Dividend ex-Financials Fund 24.9 58 2 7.6 -2.4
DTH WisdomTree International High Dividend Fund 22.5 58 2 8.4 -1.5
SDOG ALPS Sector Dividend Dogs ETF 21.8 40 20 8.1 -1.8
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 21.7 45 15 9.4 -0.5
DTN WisdomTree U.S. Dividend ex-Financials Fund 21.0 38 22 7.1 -2.8
JKF iShares Morningstar Large Cap Value ETF 20.5 25 35 6.9 -3.1
IDOG ALPS International Sector Dividend Dogs ETF 19.9 50 10 8.1 -1.8
DFAI Dimensional International Core Equity Market ETF 19.8 18 42 6.2 -3.7
SIXA 6 Meridian Mega Cap Equity ETF 19.8 82 -22 6.3 -3.7
VWID Virtus WMC International Dividend ETF 19.3 49 11 7.5 -2.5
SPDV AAM S&P 500 High Dividend Value ETF 19.1 29 31 7.8 -2.1
DLN WisdomTree U.S. LargeCap Dividend Fund 19.0 28 32 6.4 -3.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 19.0 20 40 8.5 -1.4
DURA VanEck Vectors Morningstar Durable Dividend ETF 18.4 29 31 8.2 -1.8
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 18.1 30 30 7.7 -2.2
VYM Vanguard High Dividend Yield Index ETF 17.9 6 54 6.8 -3.1
DTD WisdomTree U.S.Total Dividend Fund 17.4 28 32 6.4 -3.5
FDL First Trust Morningstar Dividend Leaders Index Fund 16.4 45 15 9.0 -1.0
DOL WisdomTree International LargeCap Dividend Fund 16.3 48 12 7.1 -2.8
SPYD SPDR S&P 500 High Dividend ETF 16.3 7 53 8.5 -1.5
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 15.7 75 -15 6.0 -3.9
VLUE iShares MSCI USA Value Factor ETF 15.6 15 45 9.3 -0.6
LVHI Legg Mason International Low Volatility High Dividend ETF 15.4 40 20 8.9 -1.1
MGV Vanguard Mega Cap Value ETF 15.4 7 53 6.6 -3.4
RNDV US Equity Dividend Select ETF 15.4 50 10 7.2 -2.8
FDRR Fidelity Dividend ETF for Rising Rates 14.9 29 31 6.1 -3.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 14.4 20 40 9.5 -0.5
EQWL Invesco Russell Top 200 Equal Weight ETF 14.3 25 35 5.8 -4.1
IVLU iShares Edge MSCI Intl Value Factor ETF 14.3 30 30 9.6 -0.3
GBLO Global Beta Low Beta ETF 14.3 29 31 7.5 -2.5
DMDV AAM S&P Developed Markets High Dividend Value ETF 14.0 39 21 9.6 -0.3
FDVV Fidelity Core Dividend ETF 13.8 29 31 6.1 -3.9
DWM WisdomTree International Equity Fund 13.2 48 12 7.1 -2.8
VOOV Vanguard S&P 500 Value ETF 13.1 10 50 6.2 -3.7
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 13.1 35 25 7.5 -2.4
IWX iShares Russell Top 200 Value ETF 13.1 20 40 6.1 -3.8
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 13.1 35 25 7.6 -2.4
PWV Invesco Dynamic Large Cap Value ETF 12.9 56 4 7.0 -2.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 12.9 40 20 7.2 -2.8
QDEF FlexShares Quality Dividend Defensive Index Fund 12.7 37 23 5.7 -4.3
HDV iShares Core High Dividend ETF 12.6 8 52 6.4 -3.6
KVLE KFA Value Liner Dynamic Core Equity Index ETF 12.6 56 4 5.8 -4.1
WDIV SPDR Global Dividend ETF 12.6 40 20 8.3 -1.7
EFAS Global X MSCI SuperDividend EAFE ETF 12.4 56 4 8.1 -1.8
VTV Vanguard Value Index Fund 12.4 4 56 6.6 -3.4
COWZ Pacer US Cash Cows 100 ETF 12.3 49 11 9.6 -0.3
PPH VanEck Vectors Pharmaceutical ETF 12.3 36 24 10.4 +0.5
FLQL Franklin LibertyQ U.S. Equity ETF 12.3 15 45 6.0 -3.9
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 12.2 80 -20 5.9 -4.0
EWJV iShares MSCI Japan Value ETF 12.2 15 45 8.3 -1.7
SPLV Invesco S&P 500 Low Volatility ETF 12.1 25 35 5.7 -4.2
WLDR Affinity World Leaders Equity ETF 12.1 47 13 7.9 -2.1
IDLV Invesco S&P International Developed Low Volatility ETF 12.0 25 35 6.2 -3.7
DIVB iShares U.S. Dividend & Buyback ETF 12.0 25 35 6.0 -4.0
FIVA Fidelity International Value Factor ETF 11.9 39 21 8.7 -1.2
OUSA O'Shares FTSE US Quality Dividend ETF 11.8 48 12 5.8 -4.2
PEY Invesco High Yield Equity Dividend Achievers ETF 11.6 52 8 7.8 -2.1
GBDV Global Beta Smart Income ETF 11.6 29 31 7.8 -2.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 11.5 50 10 5.8 -4.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 11.4 52 8 5.1 -4.9
IQIN IQ 500 International ETF 11.3 25 35 7.3 -2.6
NULV Nuveen ESG Large-Cap Value ETF 11.2 35 25 6.2 -3.8
HUSV First Trust Horizon Managed Volatility Domestic ETF 11.2 70 -10 4.9 -5.0
DGRW WisdomTree U.S. Quality Dividend Growth Fund 11.2 28 32 6.2 -3.7
DIV Global X SuperDividend US ETF 11.2 46 14 5.9 -4.0
QDF FlexShares Quality Dividend Index Fund 11.1 37 23 5.6 -4.3
JPIN JPMorgan Diversified Return International Equity ETF 11.0 37 23 6.9 -3.0
EFV iShares MSCI EAFE Value ETF 10.9 39 21 8.1 -1.8
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 10.9 35 25 6.9 -3.0
SPYV SPDR Portfolio S&P 500 Value ETF 10.9 4 56 6.3 -3.7
RBIN Nationwide Risk-Based International Equity ETF 10.9 42 18 5.9 -4.1
IVE iShares S&P 500 Value ETF 10.9 18 42 6.1 -3.8
FVL First Trust Value Line 100 ETF 10.8 70 -10 0.0 -9.9
NXTG First Trust Indxx NextG ETF 10.6 70 -10 5.2 -4.7
IVAL Alpha Architect International Quantitative Value ETF 10.6 59 1 8.3 -1.6
QDYN FlexShares Quality Dividend Dynamic Index Fund 10.5 37 23 5.7 -4.2
FQAL Fidelity Quality Factor ETF 10.5 29 31 5.1 -4.8
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 10.4 25 35 6.0 -4.0
KXI iShares Global Consumer Staples ETF 10.4 46 14 5.4 -4.5
RAFE PIMCO RAFI ESG U.S. ETF 10.3 30 30 6.7 -3.3
DGRO iShares Core Dividend Growth ETF 10.2 8 52 6.4 -3.6
IUSV iShares Core S&P U.S. Value ETF 10.2 4 56 6.3 -3.6
ACWV iShares MSCI Global Min Vol Factor ETF 10.1 20 40 5.6 -4.3
ESGN Columbia Sustainable International Equity Income ETF 10.1 45 15 9.0 -1.0
REVS Columbia Research Enhanced Value ETF 10.1 19 41 7.0 -2.9
DJD Invesco Dow Jones Industrial Average Dividend ETF 10.0 7 53 6.5 -3.4
EDOW First Trust Dow 30 Equal Weight ETF 10.0 50 10 5.3 -4.7
FMK First Trust Mega Cap AlphaDEX Fund 10.0 70 -10 0.0 -9.9
SCHD Schwab U.S. Dividend Equity ETF 10.0 6 54 7.0 -2.9
VYMI Vanguard International High Dividend Yield ETF 10.0 27 33 9.0 -0.9
FUNL CornerCap Fundametrics Large-Cap ETF 10.0 50 10 7.2 -2.8
FID First Trust S&P International Dividend Aristocrats ETF 9.9 60 0 8.3 -1.7
SCHV Schwab U.S. Large-Cap Value ETF 9.8 4 56 6.1 -3.8

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 14.2 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 9.9 %
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.