Pacer Salt High TruBeta US Market ETF
ALTAR
Score™
3.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
40.6x P/Sales
ratio
2.9x
P/BV
ratio
3.8x Div.
yield
0.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SLT seeks to track the investment results of the Salt High truBeta US Market Index, which uses a proprietary method to select stocks with the highest sensitivity to the S&P 500.

FUND BASICS
Category US Equities
Fund Sponsor Salt Financial
Website www.paceretfs.com
Inception date May 15, 2018
Assets (mns) $9
Currency USD
Expense ratio 60 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 98
Wgt avg mkt cap (mns) $116,679
Large cap (>$10bn) 70.3%
Mid cap ($2-10bn) 26.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MORGAN STANLEY 1.9 %
PINTEREST, INC. CLASS A 1.7 %
ENPHASE ENERGY INC 1.7 %
CLOUDFLARE INC CLASS A 1.6 %
SNAP, INC. CLASS A 1.5 %
AMICUS THERAPEUTICS INC 1.5 %
ROKU, INC. CLASS A 1.4 %
LAM RESEARCH CORP 1.3 %
TERADYNE INC 1.2 %
SQUARE, INC. CLASS A 1.2 %
Total 14.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.0 %
BERMUDA 1.0 %
IRELAND 0.9 %








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.
3.3% 13.7% -- -- 7.2%

Market Correlations
versus... Beta R-squared
S&P500 1.53 84%
MSCI EAFE 1.67 81%
MSCI Emg. Mkts. 1.31 75%

Technical Indicators
Recent close $33.39
30d moving avg. $31.20
Annualized volatility 32.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $109,340

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Pacer Salt High TruBeta US Market ETF ETF based on the alternatives' overlap in portfolio holdings with SLT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SLT Expense: 60 bp ALTAR Score™: 3.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SLT
Ticker Fund
Name
Overlap1
vs SLT
(%)
Expense
ratio
(bp)
Savings
vs SLT
(bp)
ALTAR
Score™
(%)
ALTAR
vs SLT
(%)
FTC First Trust Large Cap Growth AlphaDEX Fund 33.3 61 -1 2.4 -0.7
FCTR First Trust Lunt U.S. Factor Rotation ETF 30.5 65 -5 2.5 -0.6
OGIG O'Shares Global Internet Giants ETF 27.2 48 12 0.7 -2.4
FXL First Trust Technology AlphaDEX Fund 25.2 61 -1 3.7 +0.6
AIEQ AI Powered Equity ETF 25.0 87 -27 2.0 -1.2
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 24.7 49 11 4.7 +1.6
BOSS Global X Founder-Run Companies ETF 23.7 45 15 3.0 -0.1
XITK SPDR FactSet Innovative Technology ETF 23.2 45 15 0.5 -2.6
RPG Invesco S&P 500 Pure Growth ETF 21.8 35 25 4.2 +1.1
VFMO Vanguard U.S. Momentum Factor ETF 21.7 13 47 0.3 -2.8
IGM iShares Expanded Tech Sector ETF 21.5 46 14 3.6 +0.5
TECB iShares US Tech Breakthrough Multisector ETF 21.4 40 20 3.9 +0.8
JMOM JPMorgan U.S. Momentum Factor ETF 21.3 12 48 3.3 +0.2
GVIP Goldman Sachs Hedge Industry VIP ETF 21.1 45 15 3.5 +0.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 20.8 75 -15 4.0 +0.9
IETC iShares Evolved U.S. Technology ETF 20.6 18 42 3.7 +0.6
FDN First Trust Dow Jones Internet Index Fund 20.3 52 8 1.9 -1.3
ARKW ARK Web x.0 ETF 20.2 76 -16 -0.8 -3.9
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 20.0 59 1 3.8 +0.7
SFY SoFi Select 500 ETF 19.9 0 60 4.8 +1.7
THNQ ROBO Global Artificial Intelligence ETF 19.8 68 -8 1.5 -1.6
ESGV Vanguard ESG U.S. Stock ETF 19.6 12 48 4.8 +1.6
JKH iShares Morningstar Mid-Cap Growth ETF 19.5 30 30 1.9 -1.2
EXT WisdomTree U.S. Total Earnings Fund 19.5 28 32 5.2 +2.1
ECOZ TrueMark ESG Active Opportunities ETF 19.4 58 2 3.3 +0.2
VUG Vanguard Growth Index Fund 19.3 4 56 3.7 +0.6
FDMO Fidelity Momentum Factor ETF 19.2 29 31 3.2 +0.1
IWF iShares Russell 1000 Growth ETF 19.1 19 41 3.7 +0.5
SCHG Schwab U.S. Large-Cap Growth ETF 19.1 4 56 3.4 +0.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 19.0 35 25 4.3 +1.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 19.0 59 1 4.1 +1.0
MMLG First Trust Multi-Manager Large Growth ETF 19.0 85 -25 2.0 -1.1
VONG Vanguard Russell 1000 Growth Index Fund 18.9 8 52 3.8 +0.6
FEX First Trust Large Cap Core AlphaDEX Fund 18.7 60 0 5.0 +1.9
PNQI Invesco NASDAQ Internet ETF 18.7 60 0 1.2 -1.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 18.5 66 -6 2.0 -1.1
VEGN US Vegan Climate ETF 18.4 60 0 4.7 +1.6
BUYZ Franklin Disruptive Commerce ETF 18.3 50 10 -0.2 -3.3
QGRO American Century STOXX U.S. Quality Growth ETF 18.1 29 31 3.2 +0.0
FXD First Trust Consumer Discretionary AlphaDEX Fund 18.1 64 -4 4.9 +1.8
FPX First Trust US IPO Index Fund 18.0 58 2 1.4 -1.8
SCHX Schwab U.S. Large-Cap ETF 18.0 3 57 4.8 +1.7
PLAT WisdomTree Modern Tech Platforms Fund 17.9 20 40 1.5 -1.7
IYW iShares U.S. Technology ETF 17.9 43 17 3.7 +0.6
ESGU iShares MSCI USA ESG Optimized ETF 17.8 15 45 4.7 +1.6
IYY iShares Dow Jones U.S. ETF 17.8 20 40 4.7 +1.6
MGK Vanguard Mega Cap Growth ETF 17.8 7 53 3.9 +0.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 17.8 7 53 4.9 +1.7
SCHK Schwab 1000 Index ETF 17.7 5 55 4.9 +1.7
PBUS Invesco PureBeta MSCI USA ETF 17.6 4 56 4.9 +1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 17.6 9 51 5.3 +2.2
BTEK BlackRock Future Tech ETF 17.5 88 -28 0.5 -2.7
IWB iShares Russell 1000 ETF 17.5 15 45 4.8 +1.6
VV Vanguard Large-Cap Index Fund 17.5 4 56 4.9 +1.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 17.4 30 30 6.1 +3.0
JHMT John Hancock Multifactor Technology ETF 17.4 40 20 4.4 +1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 17.4 2 58 4.9 +1.8
SCHB Schwab U.S. Broad Market ETF 17.3 3 57 4.8 +1.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 17.2 3 57 4.7 +1.6
VTHR Vanguard Russell 3000 Index Fund 17.2 10 50 4.7 +1.6
IWY iShares Russell Top 200 Growth ETF 17.1 20 40 3.8 +0.7
TMFC Motley Fool 100 Index ETF 16.9 50 10 3.3 +0.2
GIGE SoFi Gig Economy ETF 16.9 59 1 -0.6 -3.7
ENTR Entrepreneur 30 Fund 16.9 49 11 1.0 -2.1
IWV iShares Russell 3000 ETF 16.9 20 40 4.6 +1.5
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 16.9 99 -39 1.5 -1.7
VTI Vanguard Total Stock Market Index Fund 16.9 3 57 4.7 +1.6
MGC Vanguard Mega Cap Index Fund 16.8 7 53 4.8 +1.7
SYG SPDR MFS Systematic Growth Equity ETF 16.7 60 0 4.1 +1.0
MILN Global X Millennials Thematic ETF 16.6 50 10 2.1 -1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 16.6 12 48 4.2 +1.1
IWL iShares Russell Top 200 ETF 16.5 15 45 4.7 +1.5
VONE Vanguard Russell 1000 ETF 16.5 8 52 4.8 +1.7
ALFA AlphaClone Alternative Alpha ETF 16.4 65 -5 -0.5 -3.6
FMK First Trust Mega Cap AlphaDEX Fund 16.4 70 -10 4.8 +1.7
SPHB Invesco S&P 500 High Beta ETF 16.2 25 35 7.1 +4.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 16.1 20 40 4.6 +1.5
BKLC BNY Mellon US Large Cap Core Equity ETF 16.1 0 60 4.8 +1.7
ALTL Pacer Lunt Large Cap Alternator ETF 16.1 60 0 4.3 +1.2
SPXV ProShares S&P 500 Ex-Health Care ETF 16.1 27 33 4.7 +1.5
XSW SPDR S&P Software & Services ETF 16.1 35 25 4.2 +1.1
MXDU Nationwide Maximum Diversification US Core Equity ETF 16.1 34 26 4.5 +1.4
PDP Invesco DWA Momentum ETF 16.1 62 -2 2.0 -1.2
SUSA iShares MSCI USA ESG Select ETF 16.0 25 35 4.5 +1.4
XWEB SPDR S&P Internet ETF 16.0 35 25 -0.1 -3.2
DTEC ALPS Disruptive Technologies ETF 16.0 50 10 2.9 -0.2
USXF iShares ESG Advanced MSCI USA ETF 15.9 10 50 4.7 +1.5
FTEC Fidelity MSCI Information Technology Index ETF 15.9 8 52 4.3 +1.2
VGT Vanguard Information Technology Index Fund 15.8 10 50 4.3 +1.1
AIQ Global X Future Analytics Tech ETF 15.7 68 -8 3.8 +0.7
ANEW ProShares MSCI Transformational Changes ETF 15.6 45 15 3.1 +0.0
MTUM iShares MSCI USA Momentum Factor ETF 15.6 15 45 4.1 +1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 15.6 60 0 3.9 +0.7
VOOG Vanguard S&P 500 Growth ETF 15.6 10 50 4.2 +1.0
RYT Invesco S&P 500 Equal Weight Technology ETF 15.5 40 20 6.1 +3.0
AVUS Avantis U.S. Equity ETF 15.5 15 45 5.2 +2.1
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 15.5 20 40 7.1 +4.0
IVW iShares S&P 500 Growth ETF 15.4 18 42 4.1 +1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 15.4 4 56 4.2 +1.1

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 Salt High TruBeta US Market ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.9 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 3.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.