PATN
Pacer Nasdaq International Patent Leaders ETF
Pacer Nasdaq International Patent Leaders ETF seeks to provide investment results that correspond generally to the performance of the Nasdaq International Patent Leaders Index, which includes companies outside of the U.S. that hold a significant number of patents and exhibit strong performance potential.
International
EQUITY
Passive
MANAGEMENT STYLE
0.8 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | Pacer |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 16, 2024 |
| Assets (mns) | $1 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 13.0 % |
| TENCENT HOLDINGS LTD | 7.7 % |
| SAP AG | 4.9 % |
| ASML HOLDING NV | 4.5 % |
| TOYOTA MOTOR CORP | 4.3 % |
| SAMSUNG ELECTRONICS CO LTD | 3.7 % |
| NOVARTIS AG | 3.4 % |
| ROCHE HOLDING LTD | 3.2 % |
| L'OREAL | 3.0 % |
| SIEMENS AG-REG | 2.6 % |
Constituent Breakdown
| Number of holdings | 100 |
| Herfindahl-Hirschman Index | 379 |
| Wgt avg mkt cap (mns) | $239,368 |
| Large cap (>$10bn) | 94.3% |
| Mid cap ($2-10bn) | 5.7% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 67.9% |
| Emerging mkts. | 32.1% |
Country Exposure
 |
JAPAN | 29.1 % |
 |
TAIWAN | 15.5 % |
 |
GERMANY | 11.0 % |
 |
CHINA | 10.7 % |
 |
SWITZERLAND | 8.9 % |
 |
FRANCE | 8.1 % |
 |
SOUTH KOREA | 7.3 % |
 |
NETHERLANDS | 6.8 % |
 |
BRITAIN | 1.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -8.2% | -- | -- | -- | -- | -- | -8.2% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $15,489 |
Technical Indicators
| Recent close | $19.59 |
| 30d moving avg. | $19.80 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 0 |
| Short interest (ETF) | 1.5% |
| 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. PATN |
Expenses vs. PATN |
ALTAR Score™ vs. PATN |
|---|---|---|---|---|
| DTAN | Sparkline International Intangible Value ETF | 34.5% | -10 bp | +2.6% |
| AIA | iShares Asia 50 ETF | 33.0% | -15 bp | +0.3% |
| UMMA | Wahed Dow Jones Islamic World ETF | 29.0% | 0 bp | -2.0% |
| DBJP | Xtrackers MSCI Japan Hedged Equity ETF | 28.4% | -18 bp | +1.0% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 28.3% | -50 bp | +3.9% |
| BBJP | JPMorgan BetaBuilders Japan ETF | 28.2% | -46 bp | +1.6% |
| EWJ | iShares MSCI Japan ETF | 28.1% | -15 bp | +1.8% |
| FLJP | Franklin FTSE Japan ETF | 27.6% | -56 bp | +1.5% |
| FLJH | Franklin FTSE Japan Hedged ETF | 27.6% | -56 bp | +1.3% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 27.4% | -16 bp | +0.1% |
Risk and Returns: PATN 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 12/18/2024
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
PATN
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
PATN
6.5%
Cat. Avg
7.5%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.5% and a standard deviation of
2.7%. PATN's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places PATN in the 36th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PATNSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| PATN (65 bp) Percentile rank | 90 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PATN | 65.0 | 0.0 | 65 |
| Peer Avg. | 54.5 | 60.4 | 114.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .