Pacer Developed Markets International Cash Cows 100 ETF
ALTAR
Score™
12.8% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
12.5x P/Sales
ratio
0.6x
P/BV
ratio
0.8x Div.
yield
5.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Pacer Developed Markets International Cash Cows 100 ETF tracks an index of 100 companies out of the FTSE Developed Ex-US Index selected and weighted by free cash flow.

FUND BASICS
Category International Equities
Fund Sponsor Pacer Financial
Website www.paceretfs.com
Inception date Jun 16, 2017
Assets (mns) $13
Currency USD
Expense ratio 65 bp
Distributions Quarterly

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) $45,050
Large cap (>$10bn) 78.9%
Mid cap ($2-10bn) 20.2%
Small cap (<$2bn) 0.9%
Developed mkts 94.8%
Emerging mkts 5.2%

TOP TEN HOLDINGS
FORTESCUE METALS GROUP LTD 2.9 %
ROCHE HOLDINGS LTD-SPONS ADR 2.8 %
GALAPAGOS NV SPONSORED ADR 2.6 %
NTT DOCOMO, INC. 2.6 %
NIPPON TELEGRAPH AND TELEPHONE COR 2.4 %
SONY CORP-SPONSORED ADR 2.4 %
ITOCHU CORP 2.3 %
RIO TINTO PLC-SPON ADR 2.3 %
BRITISH AMERICAN TOB-SP ADR 2.3 %
SAMSUNG ELECTRONICS CO LTD 2.1 %
Total 24.6 %

TOP COUNTRY EXPOSURE
JAPAN 23.1 %
BRITAIN 17.9 %
AUSTRALIA 8.5 %
FRANCE 6.8 %
SWITZERLAND 6.2 %
CANADA 5.6 %
SOUTH KOREA 5.1 %
SPAIN 4.9 %
BELGIUM 3.1 %
GERMANY 2.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-24.1% -21.4% -- -- -4.7%

Market Correlations
versus... Beta R-squared
S&P500 0.95 74%
MSCI EAFE 1.13 90%
MSCI Emg. Mkts. 0.88 85%

Technical Indicators
Recent close $21.71
30d moving avg. $20.51
Annualized volatility 19.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 8
Turnover 1.3%
Bid/Ask (% of price) 0.55%
ADV underlying (mns) $8,287

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: ICOW Expense: 65 bp ALTAR Score™: 12.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ICOW
Ticker Fund
Name
Overlap1
vs ICOW
(%)
Expense
ratio
(bp)
Savings
vs ICOW
(bp)
ALTAR
Score™
(%)
ALTAR
vs ICOW
(%)
GCOW Pacer Global High Dividend ETF 36.1 60 5 11.3 -1.5
ESGN Columbia Sustainable International Equity Income ETF 19.5 45 20 11.8 -1.0
DMDV AAM S&P Developed Markets High Dividend Value ETF 17.5 39 26 11.8 -1.0
FIVA Fidelity International Value Factor ETF 16.1 39 26 11.1 -1.7
FYLD Cambria Foreign Shareholder Yield ETF 15.9 59 6 10.1 -2.7
INTF iShares Edge MSCI Multifactor Intl ETF 14.9 30 35 8.8 -4.0
DOO WisdomTree International Dividend ex-Financials Fund 14.5 58 7 9.3 -3.5
IVLU iShares Edge MSCI Intl Value Factor ETF 14.0 30 35 12.0 -0.8
IQIN IQ 500 International ETF 13.6 25 40 9.9 -2.9
QINT American Century Quality Diversified International ETF 12.2 39 26 6.3 -6.5
JPIN JPMorgan Diversified Return International Equity ETF 12.0 38 27 8.5 -4.3
IDOG ALPS International Sector Dividend Dogs ETF 12.0 50 15 11.7 -1.1
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 12.0 45 20 10.5 -2.3
ISDX Invesco Strategic Developed ex-US ETF 11.9 23 42 8.1 -4.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 11.5 29 36 9.2 -3.6
GNR SPDR S&P Global Natural Resources ETF 11.1 40 25 6.7 -6.1
IQDF FlexShares International Quality Dividend Index Fund 11.0 47 18 13.8 +1.1
FNDF Schwab Fundamental International Large Co. Index ETF 11.0 25 40 9.4 -3.4
DTH WisdomTree DEFA Equity Income Fund 10.8 58 7 10.3 -2.5
IDY Pacific Global International Equity Income ETF 10.6 39 26 9.4 -3.4
AVDE Avantis International Equity ETF 10.6 23 42 8.5 -4.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 10.3 25 40 8.1 -4.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 10.1 20 45 9.9 -2.9
JPEU JPMorgan Diversified Return Europe Equity ETF 10.0 37 28 7.3 -5.5
DWMF WisdomTree International Multifactor Fund 10.0 38 27 7.2 -5.6
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 9.9 83 -18 7.6 -5.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 9.8 35 30 9.1 -3.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 9.8 45 20 9.6 -3.2
WWJD Inspire International ESG ETF 9.7 80 -15 8.2 -4.6
LVIN Hartford Multifactor Low Volatility International Equity ETF 9.5 29 36 13.0 +0.2
JPGE JPMorgan Diversified Return Global Equity ETF 9.5 29 36 7.8 -5.0
GUNR Flexshares Morningstar Global Upstream Natural Resources 9.3 46 19 6.3 -6.5
PDEV Principal International Multi-Factor Core Index ETF 9.3 25 40 8.4 -4.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 9.3 29 36 8.5 -4.3
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 9.2 48 17 0.0 -12.8
VIDI Vident International Equity Fund 9.2 59 6 12.6 -0.2
TPIF Timothy Plan International ETF 9.2 62 3 7.5 -5.3
JPMV iShares Edge MSCI Min Vol Japan ETF 9.0 30 35 7.3 -5.5
IQDE FlexShares International Quality Dividend Defensive Index Fd 8.9 47 18 13.4 +0.6
FDEV Fidelity Targeted International Factor ETF 8.9 39 26 6.9 -5.9
QJPN SPDR MSCI Japan StrategicFactors ETF 8.9 14 51 8.5 -4.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 8.6 25 40 7.3 -5.5
JPXN iShares JPX-Nikkei 400 ETF 8.6 48 17 7.9 -4.9
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 8.6 9 56 8.4 -4.4
FDT First Trust Developed Markets ex-US Alphadex Fund 8.5 80 -15 8.3 -4.5
MXI iShares Global Materials ETF 8.4 46 19 6.5 -6.3
EWJV iShares MSCI Japan Value ETF 8.3 15 50 11.6 -1.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.3 47 18 14.5 +1.7
JHMD John Hancock Multifactor Developed International ETF 8.3 45 20 8.0 -4.8
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 8.2 24 41 7.7 -5.1
EFV iShares MSCI EAFE Value ETF 8.1 39 26 10.8 -2.0
EWJ iShares MSCI Japan ETF 8.1 49 16 7.9 -4.9
RFDI First Trust Riverfront Dynamic Developed International ETF 8.0 83 -18 6.8 -6.0
DXJ WisdomTree Japan Hedged Equity Fund 8.0 48 17 8.9 -3.9
DIM WisdomTree International MidCap Dividend Fund 8.0 58 7 8.2 -4.6
DOL WisdomTree International LargeCap Dividend Fund 8.0 48 17 9.1 -3.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 8.0 45 20 8.0 -4.8
RBIN Nationwide Risk-Based International Equity ETF 8.0 42 23 6.8 -6.0
VPL Vanguard FTSE Pacific ETF 7.9 8 57 8.4 -4.4
LVHI Legg Mason International Low Volatility High Dividend ETF 7.8 40 25 10.8 -2.0
IVAL Alpha Architect International Quantitative Value ETF 7.8 59 6 10.8 -2.0
AIIQ AI Powered International Equity ETF 7.7 79 -14 4.4 -8.4
CIL VictoryShares International Volatility Weighted Index ETF 7.7 45 20 7.2 -5.6
DWM WisdomTree International Equity Fund 7.7 48 17 8.8 -4.0
HFXI IQ 50 Percent Hedged FTSE International ETF 7.7 20 45 8.1 -4.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 7.6 39 26 7.1 -5.7
SCIJ Global X Scientific Beta Japan ETF 7.6 39 26 7.6 -5.2
IDHQ Invesco S&P International Developed High Quality ETF 7.6 29 36 5.6 -7.2
BBJP JPMorgan BetaBuilders Japan ETF 7.6 19 46 8.2 -4.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 7.6 25 40 7.1 -5.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 7.5 32 33 6.8 -6.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 7.5 35 30 9.1 -3.7
IGRO iShares International Dividend Growth ETF 7.5 22 43 8.5 -4.3
FILL iShares MSCI Global Energy Producers ETF 7.4 39 26 6.5 -6.3
IXC iShares Global Energy ETF 7.4 46 19 5.6 -7.2
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 7.3 30 35 8.1 -4.7
FLJP Franklin FTSE Japan ETF 7.3 9 56 8.3 -4.5
SCID Global X Scientific Beta Europe ETF 7.2 38 27 7.4 -5.4
RFEU First Trust Riverfront Dynamic Europe ETF 7.2 83 -18 5.3 -7.5
FLJH Franklin FTSE Japan Hedged ETF 7.1 9 56 8.3 -4.5
MVIN Natixis Seeyond International Minimum Volatility ETF 7.1 55 10 6.0 -6.8
IPKW Invesco International BuyBack Achievers ETF 7.1 55 10 9.3 -3.5
SCHF Schwab International Equity ETF 7.1 6 59 7.9 -4.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 7.0 7 58 8.1 -4.7
ISZE iShares Edge MSCI Intl Size Factor ETF 7.0 30 35 7.5 -5.3
PICK iShares MSCI Global Metals & Mining Producers ETF 6.9 39 26 8.2 -4.6
QEFA SPDR MSCI EAFE Quality Mix ETF 6.9 30 35 7.2 -5.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 6.9 20 45 11.6 -1.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 6.8 30 35 6.6 -6.2
EWU iShares MSCI United Kingdom ETF 6.8 50 15 7.4 -5.4
FLGB Franklin FTSE United Kingdom ETF 6.7 9 56 7.9 -4.9
QGBR SPDR MSCI UK StrategicFactors ETF 6.4 14 51 7.9 -4.9
IPAC iShares Core MSCI Pacific ETF 6.4 9 56 8.0 -4.8
OEUR O'shares FTSE Europe Quality Dividend ETF 6.4 48 17 6.9 -5.9
ESGD iShares MSCI EAFE ESG Optimized ETF 6.4 20 45 7.7 -5.1
NUDM Nuveen ESG International Developed Markets Equity ETF 6.3 40 25 7.3 -5.5
VEA Vanguard FTSE Developed Markets ETF 6.1 5 60 8.0 -4.8
EFA iShares MSCI EAFE ETF 6.1 32 33 7.7 -5.1
RNDM Developed International Equity Select ETF 6.0 65 0 6.8 -6.0
SPDW SPDR Portfolio Developed World ex-US ETF 6.0 4 61 7.7 -5.1

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 Developed Markets International 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 10.9 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 12.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.58
 
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.