GCOW
Pacer Global Cash Cows Dividend ETF
The Pacer Global High Dividend ETF tracks an index of developed market large cap stocks, selected by free cash flow yield and dividend yield and weighted by aggregate dividends.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
2.0 B
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | Pacer Financial |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 22, 2016 |
| Assets (mns) | $2,040 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Dividend |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| GILEAD SCIENCES INC | 2.7 % |
| INTL BUSINESS MACHINES CORP | 2.4 % |
| PHILIP MORRIS INTERNATIONAL | 2.4 % |
| BRISTOL-MYERS SQUIBB CO | 2.4 % |
| AT&T INC | 2.3 % |
| ROCHE HOLDINGS LTD-SPONS ADR | 2.3 % |
| ENBRIDGE INC | 2.2 % |
| ABBVIE INC | 2.1 % |
| BRITISH AMERICAN TOB-SP ADR | 2.1 % |
| SANOFI-AVENTIS-ADR | 2.1 % |
Constituent Breakdown
| Number of holdings | 99 |
| Herfindahl-Hirschman Index | 156 |
| Wgt avg mkt cap (mns) | $79,116 |
| Large cap (>$10bn) | 90.3% |
| Mid cap ($2-10bn) | 5.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.4% |
| Emerging mkts. | 1.7% |
Country Exposure
 |
UNITED STATES | 30.3 % |
 |
BRITAIN | 12.2 % |
 |
FRANCE | 10.2 % |
 |
JAPAN | 7.5 % |
 |
SWITZERLAND | 6.0 % |
 |
AUSTRALIA | 5.9 % |
 |
GERMANY | 4.5 % |
 |
HONG KONG | 4.2 % |
 |
ITALY | 3.7 % |
 |
CANADA | 3.7 % |
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% | 14.7% | 16.7% | 10.9% | 8.2% | -- | 8.6% | Volatility | 10.8% | 11.1% | 12.8% | 14.4% | 19.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 47% |
| MSCI EAFE | 0.83 | 75% |
| MSCI Emg Mkts | 0.69 | 50% |
Liquidity Measures
| Avg. volume (000) | 222 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $16,566 |
Technical Indicators
| Recent close | $35.12 |
| 30d moving avg. | $35.96 |
| Annualized volatility | 16.8% |
| Relative strength (RSI) | 47 |
| 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. GCOW |
Expenses vs. GCOW |
ALTAR Score™ vs. GCOW |
|---|---|---|---|---|
| DIVD | Altrius Global Dividend ETF Altrius Global Divid ETF | 24.7% | -11 bp | -2.2% |
| SDOG | ALPS Sector Dividend Dogs ETF | 24.3% | -24 bp | -3.2% |
| SPDV | AAM S&P 500 High Dividend Value ETF | 23.5% | -31 bp | -2.8% |
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 23.1% | -30 bp | -4.2% |
| ICOW | Pacer Developed Markets International Cash Cows 100 ETF | 21.5% | +5 bp | +0.3% |
| CID | VictoryShares International High Div Volatility Wtd ETF | 21.3% | -15 bp | -1.7% |
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 20.3% | -15 bp | -3.5% |
| DHS | WisdomTree U.S. High Dividend Fund | 19.6% | -22 bp | -4.8% |
| DEW | WisdomTree Global High Dividend Fund | 19.3% | -2 bp | -3.9% |
| LVHI | Franklin International Low Volatility High Dividend Index ET | 19.1% | -20 bp | -2.2% |
Risk and Returns: GCOW 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 11/8/2024
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
GCOW
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™
GCOW
12.3%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 360 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.4%. GCOW's ALTAR Score™ is approximately
1.9 standard deviations
above
the category average. This places GCOW in the 97th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GCOWSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| GCOW (60 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) |
|
|---|---|---|---|
| GCOW | 60.0 | 4.5 | 64.5 |
| Peer Avg. | 52.2 | 34.5 | 86.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .