INDS
Pacer Industrial Real Estate ETF
INDS tracks an index of US-listed real estate securities that derive at least 85% of their revenue from industrial real estate activities.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
177.9 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | Pacer Financial |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 14, 2018 |
| Assets (mns) | $178 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PUBLIC STORAGE | 15.8 % |
| PROLOGIS INC | 14.8 % |
| EXTRA SPACE STORAGE INC | 4.7 % |
| EASTGROUP PROPERTIES INC | 4.7 % |
| CUBESMART | 4.6 % |
| WP CAREY INC | 4.5 % |
| FIRST INDUSTRIAL REALTY TR | 4.3 % |
| REXFORD INDUSTRIAL REALTY IN | 4.2 % |
| SEGRO PLC | 4.1 % |
| STAG INDUSTRIAL INC | 4.1 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 712 |
| Wgt avg mkt cap (mns) | $27,778 |
| Large cap (>$10bn) | 47.3% |
| Mid cap ($2-10bn) | 51.2% |
| Small cap (<$2bn) | 1.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 68.8 % |
 |
BRITAIN | 11.1 % |
 |
SINGAPORE | 5.7 % |
 |
CANADA | 3.9 % |
 |
JAPAN | 2.5 % |
 |
BELGIUM | 2.4 % |
 |
AUSTRALIA | 2.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -4.8% | 23.1% | 7.2% | -4.0% | 6.1% | -- | 10.3% | Volatility | 17.4% | 19.2% | 20.5% | 21.9% | 26.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.11 | 60% |
| MSCI EAFE | 1.07 | 57% |
| MSCI Emg Mkts | 0.78 | 30% |
Liquidity Measures
| Avg. volume (000) | 34 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.15% |
| ADV of underlying (mns) | $1,770 |
Technical Indicators
| Recent close | $38.26 |
| 30d moving avg. | $41.45 |
| Annualized volatility | 25.0% |
| Relative strength (RSI) | 40 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 2.1% |
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. INDS |
Expenses vs. INDS |
ALTAR Score™ vs. INDS |
|---|---|---|---|---|
| DTRE | First Trust Alerian Disruptive Technology Real Estate ETF | 42.9% | +5 bp | +0.8% |
| SPRE | SP Funds S&P Global REIT Sharia ETF | 30.0% | 0 bp | -1.0% |
| JRE | Janus Henderson U.S. Real Estate ETF | 30.0% | +10 bp | -0.1% |
| FPRO | Fidelity Real Estate Investment ETF | 25.5% | +4 bp | -1.0% |
| ROOF | IQ CBRE NextGen Real Estate ETF | 25.3% | +5 bp | +2.5% |
| IRET | iREIT - MarketVector Quality REIT Index ETF | 25.3% | +5 bp | +0.5% |
| RITA | ETFB Green SRI REITs ETF | 25.1% | -5 bp | -0.7% |
| RWR | SPDR Dow Jones REIT ETF | 24.1% | -30 bp | +0.4% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 24.1% | -44 bp | +0.6% |
| FRI | First Trust S&P REIT Index Fund | 21.6% | -5 bp | +0.2% |
Risk and Returns: INDS 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 11/21/2024
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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
INDS
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
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™
INDS
5.6%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. INDS's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places INDS in the 55th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
INDSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| INDS (55 bp) Percentile rank | 61 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| INDS | 55.0 | 14.7 | 69.7 |
| Peer Avg. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .