ICOW
Pacer Developed Markets International Cash Cows 100 ETF
The Pacer Developed Markets International Cash Cows 100 ETF tracks an index of 100 companies out of the FTSE Developed Ex-US Index selected and weighted by free cash flow.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
1.3 B
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | Pacer Financial |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 16, 2017 |
| Assets (mns) | $1,274 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| DEUTSCHE TELEKOM AG | 2.6 % |
| BRITISH AMERICAN TOB-SP ADR | 2.3 % |
| ROYAL AHOLD DELHAIZE N.V. | 2.2 % |
| SUNCOR ENERGY INC | 2.1 % |
| VODAFONE GROUP PLC SPONSORED ADR | 2.1 % |
| GDF SUEZ | 2.1 % |
| ENI SPA | 2.0 % |
| HOLCIM LTD-REG | 2.0 % |
| BHP BILLITON LTD | 2.0 % |
| COMPAGNIE DE SAINT-GOBAIN | 2.0 % |
Constituent Breakdown
| Number of holdings | 99 |
| Herfindahl-Hirschman Index | 143 |
| Wgt avg mkt cap (mns) | $39,162 |
| Large cap (>$10bn) | 83.6% |
| Mid cap ($2-10bn) | 16.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 95.2% |
| Emerging mkts. | 4.8% |
Country Exposure
 |
JAPAN | 18.1 % |
 |
BRITAIN | 17.6 % |
 |
FRANCE | 13.8 % |
 |
GERMANY | 9.4 % |
 |
CANADA | 7.9 % |
 |
SOUTH KOREA | 4.5 % |
 |
SWITZERLAND | 4.1 % |
 |
AUSTRALIA | 3.7 % |
 |
LUXEMBOURG | 3.5 % |
 |
NETHERLANDS | 2.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -2.5% | 6.9% | 14.2% | 3.1% | 6.7% | -- | 5.6% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.82 | 55% |
| MSCI EAFE | 0.98 | 83% |
| MSCI Emg Mkts | 0.80 | 53% |
Liquidity Measures
| Avg. volume (000) | 252 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $7,579 |
Technical Indicators
| Recent close | $29.60 |
| 30d moving avg. | $31.08 |
| Annualized volatility | 19.0% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.2% |
| 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. ICOW |
Expenses vs. ICOW |
ALTAR Score™ vs. ICOW |
|---|---|---|---|---|
| IVAL | Alpha Architect International Quantitative Value ETF | 22.3% | -16 bp | -3.5% |
| GCOW | Pacer Global Cash Cows Dividend ETF | 21.3% | -5 bp | -0.3% |
| UIVM | VictoryShares International Value Momentum ETF | 20.3% | -30 bp | -1.9% |
| IQIN | IQ 500 International ETF | 19.6% | -40 bp | -3.8% |
| IDOG | ALPS International Sector Dividend Dogs ETF | 19.4% | -15 bp | -0.1% |
| HDEF | Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 18.8% | -56 bp | -3.0% |
| IVLU | iShares MSCI Intl Value Factor ETF | 18.0% | -35 bp | -1.5% |
| DMDV | AAM S&P Developed Markets High Dividend Value ETF | 17.5% | -26 bp | -0.9% |
| QINT | American Century Quality Diversified International ETF | 16.9% | -26 bp | -5.3% |
| DWMF | WisdomTree International Multifactor Fund | 16.5% | -27 bp | -5.5% |
Risk and Returns: ICOW 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 11/12/2024
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
ICOW
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
ICOW
12.9%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. ICOW's ALTAR Score™ is approximately
2.2 standard deviations
above
the category average. This places ICOW in the 98th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ICOWSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| ICOW (65 bp) Percentile rank | 82 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ICOW | 65.0 | 6.5 | 71.5 |
| Peer Avg. | 43.5 | 29.9 | 73.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .