AFTY
Pacer CSOP FTSE China A50 ETF
AFTY tracks an index of the 50 largest China A-shares listed on the Shanghai and Shenzhen stock exchanges.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
70 bp
EXPENSES
$4.3 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Pacer Advisors |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 11, 2015 |
| Assets (mns) | $4 |
| Expense ratio | 70 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| KWEICHOW MOUTAI CO LTD-A | 12.7 % |
| CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD | 5.6 % |
| CHINA YANGTZE POWER CO LTD-A | 5.0 % |
| CHINA MERCHANTS BANK -A | 4.7 % |
| WULIANGYE YIBIN CO LTD-A | 3.5 % |
| BYD CO LTD -A | 3.2 % |
| PING AN INSURANCE (GROUP) COMPANY OF CHI | 3.1 % |
| IND & COMM BK OF CHINA - A | 3.0 % |
| AGRICULTURAL BANK OF CHINA-A | 2.7 % |
| ZIJIN MINING GROUP CO LTD-A | 2.5 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 362 |
| Wgt avg mkt cap (mns) | $101,251 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 4.5% |
| Emerging mkts. | 95.6% |
Country Exposure
 |
CHINA | 99.0 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 1.8% | -4.6% | -13.5% | -14.2% | -2.4% | -- | 0.3% | Volatility | 16.5% | 17.7% | 21.2% | 23.0% | 24.2% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.07 | 0% |
| MSCI EAFE | 0.44 | 10% |
| MSCI Emg Mkts | 0.88 | 41% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.25% |
| ADV of underlying (mns) | $9,511 |
Technical Indicators
| Recent close | $14.05 |
| 30d moving avg. | $14.11 |
| Annualized volatility | 24.2% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AFTY |
Expenses vs. AFTY |
ALTAR Score™ vs. AFTY |
|---|---|---|---|---|
| KBA | KraneShares Bosera MSCI China A 50 Connect Index ETF | 70.1% | -15 bp | -0.7% |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | 43.5% | -5 bp | -0.5% |
| RAYC | Rayliant Quantamental China Equity ETF | 43.0% | +10 bp | -0.7% |
| CNYA | iShares MSCI China A ETF | 37.2% | -10 bp | -0.6% |
| KALL | KraneShares MSCI All China Index ETF | 22.5% | -21 bp | +0.1% |
| JCHI | JPMorgan Active China ETF | 14.5% | -5 bp | -1.1% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 13.7% | -38 bp | -2.8% |
| MCH | Matthews China Active ETF | 13.5% | +9 bp | -3.2% |
| KGRN | KraneShares MSCI China Clean Technology Index ETF | 12.7% | +9 bp | -3.0% |
| EMDV | ProShares MSCI Emerging Markets Dividend Growers ETF | 12.6% | -10 bp | +0.2% |
Risk and Returns: AFTY 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 7/25/2024
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
AFTY
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
AFTY
9.6%
Cat. Avg
7.5%
Fund Category: Emerging
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.6% |
Recommendation
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.
Category Overview
There are 161 funds in the Emerging category, with an average ALTAR Score™
of 7.5% and a standard deviation of
3.9%. AFTY's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places AFTY in the 70th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
AFTY
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| AFTY (70 bp) Percentile rank | 58 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AFTY | 70.0 | 25.1 | 95.1 |
| Peer Avg. | 66.6 | 48.3 | 114.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .