PAMC
Pacer Lunt MidCap Multi-Factor Alternator ETF
PAMC invests in US midcap equities that allocates to multi-factor sub-indices based on relative strength.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
72.7 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | Pacer Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 24, 2020 |
| Assets (mns) | $73 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fixed |
| Weighting | Momentum |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| REINSURANCE GROUP OF AMERICA | 2.0 % |
| CURTISS-WRIGHT CORP | 1.8 % |
| EMCOR GROUP INC | 1.8 % |
| DT MIDSTREAM, INC. | 1.5 % |
| JEFFERIES FINANCIAL GROUP INC. | 1.5 % |
| FIDELITY NATIONAL FINANCIAL, INC - FNF G | 1.5 % |
| SPROUTS FARMERS MARKET INC | 1.4 % |
| WILLIAMS-SONOMA INC | 1.4 % |
| TEXAS PACIFIC LAND CORPORATION | 1.4 % |
| HOULIHAN LOKEY, INC. CLASS A | 1.3 % |
Constituent Breakdown
| Number of holdings | 137 |
| Herfindahl-Hirschman Index | 87 |
| Wgt avg mkt cap (mns) | $8,064 |
| Large cap (>$10bn) | 29.3% |
| Mid cap ($2-10bn) | 70.3% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.8 % |
 |
BRITAIN | 1.3 % |
 |
BERMUDA | 0.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 24.8% | 41.9% | 23.0% | 9.3% | -- | -- | 10.2% | Volatility | 16.4% | 16.6% | 17.9% | 20.8% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.05 | 78% |
| MSCI EAFE | 0.98 | 71% |
| MSCI Emg Mkts | 0.70 | 35% |
Liquidity Measures
| Avg. volume (000) | 9 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.22% |
| ADV of underlying (mns) | $9,344 |
Technical Indicators
| Recent close | $50.12 |
| 30d moving avg. | $46.32 |
| Annualized volatility | 20.6% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 1.7% |
| Short interest (underlying) | 5.6% |
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. PAMC |
Expenses vs. PAMC |
ALTAR Score™ vs. PAMC |
|---|---|---|---|---|
| XMLV | Invesco S&P MidCap Low Volatility ETF | 58.6% | -35 bp | +0.3% |
| XMMO | Invesco S&P MidCap Momentum ETF | 57.0% | -26 bp | -0.7% |
| HSMV | First Trust Horizon Managed Volatility Small/Mid ETF | 44.4% | +20 bp | -0.4% |
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 44.3% | -45 bp | +0.4% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 42.1% | -36 bp | -0.1% |
| IJH | iShares Core S&P Mid-Cap ETF | 42.0% | -55 bp | +0.1% |
| XJH | iShares ESG Screened S&P Mid-Cap ETF | 41.4% | -48 bp | +0.2% |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | 40.7% | -43 bp | -0.6% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 40.7% | -50 bp | +0.1% |
| SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | 40.7% | -57 bp | +0.1% |
Risk and Returns: PAMC 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 11/22/2024
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
PAMC
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™
PAMC
6.1%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. PAMC's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places PAMC in the 63rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PAMCSELL
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 |
| PAMC (60 bp) Percentile rank | 67 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PAMC | 60.0 | 21.8 | 81.8 |
| Peer Avg. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .