Pacer CFRA-Stovall Equal Weight Seasonal Rotation
ALTAR
Score™
7.3% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
17.3x P/Sales
ratio
1.6x
P/BV
ratio
3.0x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index ETF tracks an equal-weighted index of large-cap stocks following a seasonal rotation strategy.

FUND BASICS
Category US Equities
Fund Sponsor Pacer Financial
Website www.paceretfs.com
Inception date Jul 23, 2018
Assets (mns) $70
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 229
Wgt avg mkt cap (mns) $52,349
Large cap (>$10bn) 85.3%
Mid cap ($2-10bn) 14.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AVERY DENNISON CORP 1.0 %
PPG INDUSTRIES INC 1.0 %
DOW, INC. 1.0 %
INTL FLAVORS & FRAGRANCES 1.0 %
INTERNATIONAL PAPER CO 1.0 %
LYONDELLBASELL INDU-CL A 1.0 %
FREEPORT-MCMORAN COPPER 0.9 %
FMC CORP 0.9 %
NUCOR CORP 0.9 %
SHERWIN-WILLIAMS CO/THE 0.9 %
Total 9.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.2 %
BRITAIN 4.0 %
IRELAND 2.6 %
SWITZERLAND 0.8 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
32.5% 19.8% -- -- 15.0%

Market Correlations
versus... Beta R-squared
S&P500 0.96 94%
MSCI EAFE 1.05 78%
MSCI Emg. Mkts. 0.80 62%

Technical Indicators
Recent close $30.44
30d moving avg. $30.05
Annualized volatility 17.4%
Short interest (ETF) 1.5%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 48
Turnover 2.1%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $71,240

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF based on the alternatives' overlap in portfolio holdings with SZNE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SZNE Expense: 60 bp ALTAR Score™: 7.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SZNE
Ticker Fund
Name
Overlap1
vs SZNE
(%)
Expense
ratio
(bp)
Savings
vs SZNE
(bp)
ALTAR
Score™
(%)
ALTAR
vs SZNE
(%)
RSP Invesco S&P 500 Equal Weight 45.3 20 40 6.7 -0.6
RVRS Reverse Cap Weighted US Large Cap 43.8 29 31 7.8 +0.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core 38.3 17 43 7.0 -0.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity 38.1 9 51 6.0 -1.4
SCIU Global X Scientific Beta US 36.9 19 41 5.7 -1.7
RNLC Large Cap US Equity Select 35.9 60 0 6.3 -1.1
TPLC Timothy Plan US Large Cap Core 35.4 52 8 5.5 -1.8
CFA Compass EMP US 500 Volatility Weighted 35.1 35 25 6.0 -1.3
CFO Victory CEMP US 500 Enhanced Volatility Wtd 35.1 35 25 6.0 -1.3
EUSA iShares MSCI USA Equal Weight 34.8 15 45 6.4 -0.9
VO Vanguard Mid-Cap ETF 34.7 4 56 5.7 -1.6
SIZE iShares MSCI USA Size Factor 34.7 15 45 6.2 -1.1
JPUS JPMorgan Diversified Return U.S. Equity 34.4 19 41 6.3 -1.1
FEX First Trust Large Cap Core Alphadex 33.5 61 -1 6.3 -1.0
JHML John Hancock Multifactor Large Cap 33.4 34 26 5.9 -1.4
ONEO SPDR Russell 1000 Momentum Focus 33.4 20 40 6.4 -0.9
DEUS Xtrackers Russell 1000 Comprehensive Factor 33.3 17 43 6.3 -1.0
SPXN ProShares S&P 500 Ex-Financials 31.9 27 33 5.9 -1.5
SPXV ProShares S&P 500 Ex-Health Care 31.5 27 33 5.6 -1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity 30.9 9 51 6.1 -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%.

Content on this tab for subscribers only**

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 CFRA-Stovall Equal Weight Seasonal Rotation
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 21.1 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.56
 
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.