AFTY
Pacer CSOP FTSE China A50 ETF
AFTY tracks an index of the 50 largest China A-shares listed on the Shanghai and Shenzhen stock exchanges.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
5.0 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Fund sponsor | Pacer Advisors |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 11, 2015 |
| Assets (mns) | $5 |
| Expense ratio | 70 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| KWEICHOW MOUTAI CO LTD-A | 11.5 % |
| CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD | 6.0 % |
| CHINA YANGTZE POWER CO LTD-A | 5.0 % |
| CHINA MERCHANTS BANK -A | 4.6 % |
| PING AN INSURANCE (GROUP) COMPANY OF CHI | 3.5 % |
| BYD CO LTD -A | 3.4 % |
| IND & COMM BK OF CHINA - A | 3.2 % |
| WULIANGYE YIBIN CO LTD-A | 3.1 % |
| AGRICULTURAL BANK OF CHINA-A | 2.8 % |
| INDUSTRIAL BANK CO LTD -A | 2.5 % |
Constituent Breakdown
| Number of holdings | 54 |
| Herfindahl-Hirschman Index | 354 |
| Wgt avg mkt cap (mns) | $108,411 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 5.1% |
| Emerging mkts. | 94.9% |
Country Exposure
 |
CHINA | 99.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 20.9% | 20.2% | 21.2% | 22.9% | 24.7% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.13 | 1% |
| MSCI EAFE | 0.48 | 11% |
| MSCI Emg Mkts | 0.97 | 44% |
Liquidity Measures
| Avg. volume (000) | 43 |
| Turnover | 14.1% |
| Avg. Bid/Ask (% of price) | 0.25% |
| ADV of underlying (mns) | $13,174 |
Technical Indicators
| Recent close | $16.28 |
| 30d moving avg. | $14.78 |
| Annualized volatility | 25.7% |
| Relative strength (RSI) | 69 |
| Short interest (ETF) | 0.7% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AFTY |
Expenses vs. AFTY |
ALTAR Score™ vs. AFTY |
|---|---|---|---|---|
| KBA | KraneShares Bosera MSCI China A 50 Connect Index ETF | 70.2% | -15 bp | -0.4% |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | 45.3% | -5 bp | -1.1% |
| RAYC | Rayliant Quantamental China Equity ETF | 43.2% | +10 bp | -0.5% |
| CNYA | iShares MSCI China A ETF | 37.3% | -10 bp | -0.9% |
| KALL | KraneShares MSCI All China Index ETF | 22.6% | -21 bp | 0.0% |
| MCH | Matthews China Active ETF | 14.7% | +9 bp | -3.7% |
| KGRN | KraneShares MSCI China Clean Technology Index ETF | 14.4% | +9 bp | -3.3% |
| JCHI | JPMorgan Active China ETF | 14.3% | -5 bp | -1.3% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 14.3% | -38 bp | -3.0% |
| EMDV | ProShares MSCI Emerging Markets Dividend Growers ETF | 13.4% | -10 bp | +0.7% |
Risk and Returns: AFTY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
AFTY
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
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™
AFTY
9.2%
Cat. Avg
7.9%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.9% and a standard deviation of
4.2%. AFTY's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places AFTY in the 62nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AFTYSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| AFTY (70 bp) Percentile rank | 58 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AFTY | 70.0 | 25.1 | 95.1 |
| Peer Avg. | 64.9 | 45.4 | 110.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .