ICOW
Pacer Developed Markets International Cash Cows 100 ETF
The Pacer Developed Markets International Cash Cows 100 ETF tracks an index of 100 companies out of the FTSE Developed Ex-US Index selected and weighted by free cash flow.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 1.8 B
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Inception date | Jun 16, 2017 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAKEDA PHARMACEUTICAL CO LTD | 2.6 % |
| SUNCOR ENERGY INC | 2.6 % |
| SHELL PLC | 2.5 % |
| BP PLC | 2.4 % |
| SONY CORP | 2.3 % |
| DEUTSCHE POST AG-REG | 2.2 % |
| KDDI CORPORATION | 2.2 % |
| VODAFONE GROUP PLC | 2.2 % |
| AGNICO-EAGLE MINES LTD | 2.1 % |
| YAHOO! JAPAN CORP | 2.0 % |
Constituent Breakdown
| Number of holdings | 100 |
| Herfindahl-Hirschman Index | 144 |
| Wgt avg mkt cap (mns) | $43,972 |
| Large cap (>$10bn) | 92.2% |
| Mid cap ($2-10bn) | 5.7% |
| Small cap (<$2bn) | 1.9% |
| Developed mkts. | 94.8% |
| Emerging mkts. | 5.5% |
Sector Breakdown
Country Exposure
 |
JAPAN | 24.6 % |
 |
BRITAIN | 14.0 % |
 |
FRANCE | 13.3 % |
 |
CANADA | 12.8 % |
 |
GERMANY | 7.2 % |
 |
SOUTH KOREA | 5.3 % |
 |
NETHERLANDS | 4.1 % |
 |
HONG KONG | 4.0 % |
 |
SWEDEN | 3.4 % |
 |
SPAIN | 2.6 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.7% | 15.5% | 15.3% | 12.1% | 6.2% | -- | -- | 5.6% |
| Dividend Yield | 3.1% | 4.8% | 3.8% | 4.2% | 4.3% | -- | -- | 3.5% |
| Total Returns | 11.8% | 20.3% | 19.1% | 16.3% | 10.5% | -- | -- | 9.2% | Ann. Volatility | 15.6% | 14.9% | 15.6% | 15.0% | 16.8% | -- | -- | 18.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.75 | 42% |
| MSCI EAFE | 0.78 | 69% |
| MSCI Emg Mkts | 0.41 | 48% |
Liquidity Measures
| Avg. volume (000) | 109 |
| ADV traded (mns) | $5 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| 30d moving avg. (EMA) | $42.80 |
| Relative strength (RSI) | 49 |
| MACD/Signal | -0.07/-0.21 |
| Bollinger Bands (Upper/Lower) | $43.24/$41.48 |
| Short interest (% of AUM) | 0.4% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ICOW |
Expenses vs. ICOW |
ALTAR Score™ vs. ICOW |
|---|---|---|---|---|
| IFLO | VictoryShares International Free Cash Flow ETF | 34.7% | +40 bp | -0.4% |
| GCOW | Pacer Global Cash Cows Dividend ETF | 25.4% | -5 bp | +1.8% |
| DSTX | Distillate International Fundamental Stability & Value ETF | 22.4% | -10 bp | +1.5% |
| IDOG | ALPS International Sector Dividend Dogs ETF | 19.4% | -15 bp | +2.6% |
| UIVM | VictoryShares International Value Momentum ETF | 18.9% | -26 bp | +1.7% |
| DTAN | Sparkline International Intangible Value ETF | 18.5% | -10 bp | +0.1% |
| INEQ | Columbia International Equity Income ETF | 18.4% | -20 bp | +1.5% |
| IVLU | iShares MSCI Intl Value Factor ETF | 16.3% | -34 bp | +1.6% |
| FDEV | Fidelity International Multifactor ETF | 15.6% | -47 bp | +0.2% |
| FIVA | Fidelity International Value Factor ETF | 15.6% | -47 bp | +1.6% |
Risk and Returns: ICOW 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 10/27/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
7.6%
ALTAR SCORE™
75th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 421 funds in the International Equity category with an average
ALTAR Score™ of 6.6% and a standard deviation
of 1.5%. ICOW's ALTAR Score™ is approximately 0.7 standard
deviations above the category average. This places ICOW in the 75th percentile
among funds in the category.
Sell-Side Consensus
$51.45
PRICE TARGET
+19.8%
UPSIDE