CALF
Pacer US Small Cap Cash Cows 100 ETF
The Pacer U.S. Small Cap Cash Cows 100 ETF tracks an index of 100 companies out of the S&P Small Cap 600 Index selected and weighted by free cash flow.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
59 bp
EXPENSES
$9.4 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Pacer Financial |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 16, 2017 |
| Assets (mns) | $9,416 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MUELLER INDUSTRIES INC | 2.2 % |
| DXC TECHNOLOGY CO. | 2.1 % |
| INSIGHT ENTERPRISES INC | 2.1 % |
| ANDERSONS INC/THE | 2.0 % |
| HANESBRANDS INC | 2.0 % |
| ALPHA METALLURGICAL RESOURCES, INC. | 2.0 % |
| SKYWEST INC | 2.0 % |
| CONSOL ENERGY INC | 2.0 % |
| ACADEMY SPORTS AND OUTDOORS, INC. | 1.9 % |
| SIGNET JEWELERS LIMITED | 1.9 % |
Constituent Breakdown
| Number of holdings | 100 |
| Herfindahl-Hirschman Index | 131 |
| Wgt avg mkt cap (mns) | $2,588 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 56.9% |
| Small cap (<$2bn) | 43.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.7 % |
 |
BERMUDA | 1.9 % |
 |
IRELAND | 1.5 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -9.2% | 8.4% | 15.1% | 1.0% | 14.4% | -- | 9.4% | Volatility | 18.1% | 19.5% | 23.3% | 24.5% | 29.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 63% |
| MSCI EAFE | 1.04 | 62% |
| MSCI Emg Mkts | 0.72 | 30% |
Liquidity Measures
| Avg. volume (000) | 2,122 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $4,653 |
Technical Indicators
| Recent close | $46.66 |
| 30d moving avg. | $43.98 |
| Annualized volatility | 23.0% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 10.0% |
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. CALF |
Expenses vs. CALF |
ALTAR Score™ vs. CALF |
|---|---|---|---|---|
| XSHQ | Invesco S&P SmallCap Quality ETF | 32.5% | -30 bp | -3.3% |
| CAFG | Pacer US Small Cap Cash Cows Growth Leaders ETF | 32.3% | 0 bp | -5.1% |
| XSVM | Invesco S&P SmallCap Value with Momentum ETF | 27.3% | -23 bp | -0.8% |
| PSCD | Invesco S&P SmallCap Consumer Discretionary ETF | 25.0% | -30 bp | -1.4% |
| SIXS | ETC 6 Meridian Small Cap Equity ETF | 23.6% | +30 bp | -3.5% |
| XSMO | Invesco S&P SmallCap Momentum ETF | 23.3% | -20 bp | -4.5% |
| AFSM | First Trust Active Factor Small Cap ETF | 23.3% | +16 bp | -5.0% |
| DSMC | Distillate Small/Mid Cash Flow ETF | 23.3% | -4 bp | -0.3% |
| ROSC | Hartford Multifactor Small Cap ETF | 23.3% | -25 bp | -3.2% |
| VAMO | Cambria Value & Momentum ETF | 20.8% | +2 bp | -2.6% |
Risk and Returns: CALF 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 7/25/2024
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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
CALF
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
CALF
11.7%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 11.7% |
Recommendation
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.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. CALF's ALTAR Score™ is approximately
2.5 standard deviations
above
the category average. This places CALF in the 99th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CALF
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| CALF (59 bp) Percentile rank | 65 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CALF | 59.0 | 4.0 | 63 |
| Peer Avg. | 36.9 | 15.0 | 51.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .