Pacer Benchmark Industrial Real Estate SCTR ETF
ALTAR
Score™
4.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
19.9x P/Sales
ratio
5.0x
P/BV
ratio
2.2x Div.
yield
3.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
INDS tracks an index of US-listed real estate securities that derive at least 85% of their revenue from industrial real estate activities.

FUND BASICS
Category US Equities
Fund Sponsor Pacer Financial
Website www.paceretfs.com
Inception date May 14, 2018
Assets (mns) $42
Currency USD
Expense ratio 60 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 16
Wgt avg mkt cap (mns) $12,588
Large cap (>$10bn) 32.7%
Mid cap ($2-10bn) 49.5%
Small cap (<$2bn) 17.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DUKE REALTY CORP 16.6 %
PROLOGIS INC 15.9 %
AMERICOLD REALTY TRUST 14.3 %
LEXINGTON REALTY TRUST 4.9 %
TERRENO REALTY CORP 4.6 %
LIFE STORAGE, INC. 4.4 %
FIRST INDUSTRIAL REALTY TR 4.3 %
PS BUSINESS PARKS INC/CA 4.3 %
STAG INDUSTRIAL INC 4.3 %
REXFORD INDUSTRIAL REALTY IN 4.1 %
Total 77.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.4 %










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.
-14.0% 1.3% -- -- 10.0%

Market Correlations
versus... Beta R-squared
S&P500 0.81 68%
MSCI EAFE 0.81 61%
MSCI Emg. Mkts. 0.60 47%

Technical Indicators
Recent close $28.22
30d moving avg. $29.26
Annualized volatility 18.2%
Short interest (ETF) 3.4%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 42
Turnover 2.8%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $938

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Pacer Benchmark Industrial Real Estate SCTR ETF ETF based on the alternatives' overlap in portfolio holdings with INDS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: INDS Expense: 60 bp ALTAR Score™: 4.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH INDS
Ticker Fund
Name
Overlap1
vs INDS
(%)
Expense
ratio
(bp)
Savings
vs INDS
(bp)
ALTAR
Score™
(%)
ALTAR
vs INDS
(%)
NETL NETLease Corporate Real Estate ETF 20.4 60 0 10.5 +5.7
PPTY PPTY-U.S. Diversified Real Estate ETF 20.0 53 7 7.6 +2.7
SCHH Schwab U.S. REIT ETF 19.3 7 53 9.0 +4.1
RWR SPDR Dow Jones REIT ETF 19.1 25 35 8.8 +4.0
ROOF IQ US Real Estate Small Cap ETF 17.0 70 -10 14.4 +9.5
FRI First Trust S&P REIT Index Fund 15.6 50 10 8.5 +3.6
USRT iShares Core U.S. REIT ETF 15.2 8 52 8.9 +4.0
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 15.1 11 49 8.8 +4.0
GRI ALPS REIT Dividend Dogs ETF 13.7 35 25 19.5 +14.7
GQRE FlexShares Global Quality Real Estate Index Fund 12.9 45 15 8.8 +4.0
RORE Hartford Multifactor REIT ETF 11.9 45 15 18.6 +13.7
REET iShares Global REIT ETF 11.5 14 46 8.8 +3.9
FREL Fidelity MSCI Real Estate Index ETF 11.3 8 52 7.9 +3.1
ICF iShares Cohen & Steers REIT ETF 11.2 34 26 6.8 +1.9
RWO SPDR Dow Jones Global Real Estate ETF 11.1 50 10 8.4 +3.5
PSR Invesco Active U.S. Real Estate Fund 11.0 35 25 7.1 +2.3
XLRE The Real Estate Select Sector SPDR Fund 10.9 13 47 6.4 +1.6
IYR iShares U.S. Real Estate ETF 10.5 42 18 7.8 +3.0
PFI Invesco DWA Financial Momentum ETF 10.4 60 0 4.0 -0.8
VNQ Vanguard REIT Index Fund 10.4 12 48 7.9 +3.1
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 9.3 60 0 8.5 +3.7
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 8.2 60 0 6.0 +1.1
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 7.8 40 20 7.4 +2.5
KNOW Direxion All Cap Insider Sentiment Shares 5.9 59 1 6.7 +1.9
BOUT Innovator IBD Breakout Opportunities ETF 5.8 80 -20 5.2 +0.3
XMLV Invesco S&P MidCap Low Volatility ETF 5.7 25 35 7.8 +3.0
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 5.6 39 21 8.2 +3.3
NURE Nuveen Short-Term REIT ETF 4.4 35 25 10.1 +5.2
KBWY Invesco KBW Premium Yield Equity REIT ETF 3.9 35 25 23.2 +18.3
CNBS Amplify Seymour Cannabis ETF 3.9 75 -15 -13.9 -18.8
YOLO AdvisorShares Pure Cannabis ETF 3.9 74 -14 -22.6 -27.4
PSCF Invesco S&P SmallCap Financials ETF 3.9 29 31 14.7 +9.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 3.5 24 36 10.4 +5.5
TOKE Cambria Cannabis ETF 3.5 42 18 -5.6 -10.5
ENTR Entrepreneur 30 Fund 3.4 49 11 3.2 -1.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 3.4 20 40 7.4 +2.5
OSCV Opus Small Cap Value Plus ETF 3.4 79 -19 7.8 +2.9
XMMO Invesco S&P MidCap Momentum ETF 3.4 39 21 5.0 +0.1
JHSC John Hancock Multifactor Small Cap ETF 3.0 50 10 8.2 +3.3
FFTY Innovator IBD 50 ETF 3.0 80 -20 5.4 +0.5
AFMC First Trust Active Factor Mid Cap ETF 3.0 65 -5 9.2 +4.3
IWN iShares Russell 2000 Value ETF 2.9 24 36 9.5 +4.7
JKJ iShares Morningstar Small-Cap ETF 2.9 25 35 8.5 +3.7
VTWV Vanguard Russell 2000 Value Index Fund 2.9 15 45 9.7 +4.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 2.5 35 25 8.6 +3.8
SUSA iShares MSCI USA ESG Select ETF 2.5 25 35 5.9 +1.0
NUMV Nuveen ESG Mid-Cap Value ETF 2.5 40 20 11.2 +6.4
PXSG Invesco S&P SmallCap Momentum ETF 2.4 39 21 7.1 +2.2
MFMS Motley Fool Small-Cap Growth ETF 2.4 85 -25 -2.1 -6.9
IYF iShares U.S. Financials ETF 2.4 42 18 8.8 +4.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.3 29 31 7.9 +3.0
JKK iShares Morningstar Small-Cap Growth ETF 2.2 30 30 2.0 -2.8
XSLV Invesco S&P SmallCap Low Volatility ETF 2.2 25 35 11.2 +6.3
DEF Invesco Defensive Equity ETF 2.2 55 5 6.0 +1.2
XSHQ Invesco S&P SmallCap Quality ETF 2.1 29 31 7.5 +2.7
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 2.1 49 11 6.1 +1.2
SPLV Invesco S&P 500 Low Volatility ETF 2.1 25 35 6.3 +1.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 2.0 35 25 9.1 +4.3
IWM iShares Russell 2000 ETF 1.9 19 41 5.2 +0.3
VTWO Vanguard Russell 2000 Index Fund 1.9 10 50 5.4 +0.5
BIBL Inspire ETF 1.8 35 25 5.8 +1.0
RNMC Mid Cap US Equity Select ETF 1.8 60 0 9.5 +4.6
AFSM First Trust Active Factor Small Cap ETF 1.8 75 -15 8.9 +4.1
VFLQ Vanguard U.S. Liquidity Factor ETF 1.8 13 47 5.1 +0.2
REZ iShares Residential Real Estate Capped ETF 1.8 48 12 7.2 +2.4
NULV Nuveen ESG Large-Cap Value ETF 1.7 35 25 8.9 +4.0
SCHA Schwab U.S. Small-Cap ETF 1.7 4 56 6.9 +2.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.7 15 45 6.4 +1.5
IJK iShares S&P Mid-Cap 400 Growth ETF 1.7 24 36 6.3 +1.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.7 15 45 6.4 +1.5
DON WisdomTree U.S. MidCap Dividend Fund 1.7 38 22 10.4 +5.5
REVS Columbia Research Enhanced Value ETF 1.6 19 41 9.4 +4.5
SCHM Schwab U.S. Mid-Cap ETF 1.6 4 56 8.5 +3.7
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 1.6 20 40 9.7 +4.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 1.6 6 54 7.4 +2.6
FSMD Fidelity Small-Mid Factor ETF 1.5 29 31 9.4 +4.5
VFMO Vanguard U.S. Momentum Factor ETF 1.5 13 47 4.4 -0.5
PLCY EventShares U.S. Legislative Opportunities ETF 1.5 75 -15 5.1 +0.3
VBK Vanguard Small-Cap Growth Index Fund 1.5 7 53 3.7 -1.2
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 1.5 60 0 9.2 +4.3
PMOM Principal Sustainable Momentum Index ETF 1.5 29 31 6.6 +1.7
NULG Nuveen ESG Large-Cap Growth ETF 1.5 35 25 4.5 -0.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.5 70 -10 4.2 -0.6
CZA Invesco Zacks Mid-Cap ETF 1.5 76 -16 8.7 +3.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.4 20 40 8.3 +3.5
RFFC RiverFront Dynamic US Flex-Cap ETF 1.4 52 8 7.1 +2.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 1.4 30 30 10.1 +5.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.3 52 8 7.4 +2.6
VB Vanguard Small-Cap ETF 1.3 5 55 7.6 +2.8
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 1.3 35 25 7.6 +2.7
FXO First Trust Financials AlphaDEX Fund 1.3 63 -3 13.2 +8.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.3 39 21 6.0 +1.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 1.2 12 48 11.1 +6.3
VBR Vanguard Small Cap Value Index Fund 1.2 7 53 11.4 +6.5
EWMC Invesco S&P MidCap 400 Equal Weight ETF 1.2 40 20 9.2 +4.4
MDY SPDR S&P Midcap 400 ETF Trust 1.2 23 37 8.5 +3.6
SPMD SPDR Portfolio Mid Cap ETF 1.2 5 55 8.6 +3.8
IJH iShares Core S&P Mid-Cap ETF 1.2 6 54 8.6 +3.8
IVOO Vanguard S&P Mid-Cap 400 ETF 1.2 10 50 8.6 +3.7
JKG iShares Morningstar Mid-Cap ETF 1.1 25 35 7.7 +2.8

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

  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 Benchmark Industrial Real Estate SCTR ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.6 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.51
 
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.