Pacer US Export Leaders
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
19.6x P/Sales
ratio
1.7x
P/BV
ratio
3.2x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Pacer US Export Leaders ETF tracks an index of large- and midcap US stocks selected based on foreign sales and free cash flow growth. Fund holdings are equally weighted.

FUND BASICS
Category US Equities
Fund Sponsor Pacer Financial
Website www.paceretfs.com
Inception date Jul 23, 2018
Assets (mns) $1
Currency USD
Expense ratio 60 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $56,758
Large cap (>$10bn) 59.1%
Mid cap ($2-10bn) 38.9%
Small cap (<$2bn) 2.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SYNAPTICS INC 1.5 %
QORVO INC 1.3 %
TIFFANY & CO 1.2 %
FORTINET INC 1.2 %
GOODYEAR TIRE & RUBBER CO 1.2 %
REGENERON PHARMACEUTICALS 1.2 %
MKS INSTRUMENTS INC 1.2 %
TIMKEN CO 1.2 %
TECH DATA CORP 1.1 %
VISTEON CORP 1.1 %
Total 12.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.4 %
IRELAND 2.9 %
SWITZERLAND 0.9 %
BRITAIN 0.8 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
27.8% 16.2% -- -- 4.3%

Market Correlations
versus... Beta R-squared
S&P500 1.45 96%
MSCI EAFE 1.65 90%
MSCI Emg. Mkts. 1.32 79%

Technical Indicators
Recent close $27.40
30d moving avg. $26.34
Annualized volatility 26.6%
Short interest (ETF) 2.1%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $23,433

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Pacer US Export Leaders ETF based on the alternatives' overlap in portfolio holdings with PEXL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PEXL Expense: 60 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PEXL
Ticker Fund
Name
Overlap1
vs PEXL
(%)
Expense
ratio
(bp)
Savings
vs PEXL
(bp)
ALTAR
Score™
(%)
ALTAR
vs PEXL
(%)
RYT Invesco S&P Equal Weight Technology 24.2 40 20 6.6 +0.4
FXL First Trust Technology Alphadex 24.1 63 -3 5.6 -0.5
SPHB Invesco S&P 500 High Beta 23.9 25 35 6.3 +0.2
QQEW First Trust NASDAQ 100 Equal Weight 22.8 60 0 6.0 -0.1
QQQE Direxion NASDAQ-100 Equal Weight 22.7 35 25 6.3 +0.2
PSET Principal Price Setters 22.6 29 31 5.5 -0.6
JHMT John Hancock Multifactor Technology 22.2 40 20 6.0 -0.1
KRMA Global X Conscious Companies 20.3 43 17 6.2 +0.1
PXLG Invesco Fundamental Pure Large Growth 20.1 35 25 8.2 +2.1
SLT Salt TruBeta High Exposure 20.1 29 31 6.4 +0.3
DSTL Distillate US Fundamental Stability & Value 19.8 39 21 7.3 +1.2
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation 19.5 60 0 6.7 +0.5
SUSA iShares MSCI USA ESG Select 19.3 25 35 5.3 -0.8
QTUM Defiance Quantum 18.2 40 20 6.4 +0.3
FTXL First Trust Nasdaq Semiconductor 17.5 60 0 6.2 +0.1
IGM iShares S&P N. American Technology 16.9 46 14 4.6 -1.5
ETHO Etho Climate Leadership U.S. 16.7 45 15 4.9 -1.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index 16.7 15 45 5.5 -0.7
TTAC TrimTabs All Cap US Free-Cash-Flow 16.7 59 1 4.9 -1.2
VUG Vanguard Growth ETF 16.3 4 56 4.9 -1.3

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Pacer US Export Leaders
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.9 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.55
 
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.