SRVR
Pacer Data & Infrastructure Real Estate ETF
The Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF tracks a market-cap-weighted index of real estate firms related to data and infrastructure.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
55 bp
EXPENSES
$451.5 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Pacer Financial |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 15, 2018 |
| Assets (mns) | $452 |
| Expense ratio | 55 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 +
| AMERICAN TOWER CORP-CL A | 15.2 % |
| DIGITAL REALTY TRUST INC | 14.8 % |
| EQUINIX INC | 14.7 % |
| IRON MOUNTAIN INC | 4.8 % |
| SBA COMMUNICATIONS CORP. CLASS A | 4.6 % |
| INFRASTRUTTURE WIRELESS ITALIANE S.P.A. | 4.6 % |
| CROWN CASTLE INTL CORP | 4.5 % |
| CELLNEX TELECOM S.A. | 4.4 % |
| CHINA TOWER CORP. LTD. CLASS H | 4.2 % |
| IRIDIUM COMMUNICATIONS INC. | 4.2 % |
Constituent Breakdown
| Number of holdings | 20 |
| Herfindahl-Hirschman Index | 862 |
| Wgt avg mkt cap (mns) | $36,684 |
| Large cap (>$10bn) | 67.1% |
| Mid cap ($2-10bn) | 27.1% |
| Small cap (<$2bn) | 5.8% |
| Developed mkts. | 96.8% |
| Emerging mkts. | 3.2% |
Country Exposure
 |
UNITED STATES | 68.2 % |
 |
CHINA | 6.4 % |
 |
ITALY | 4.6 % |
 |
SPAIN | 4.4 % |
 |
AUSTRALIA | 4.1 % |
 |
SINGAPORE | 3.1 % |
 |
NEW ZEALAND | 3.1 % |
 |
LUXEMBOURG | 3.1 % |
 |
INDONESIA | 1.6 % |
 |
FRANCE | 1.1 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -6.8% | 0.0% | -6.8% | -9.1% | 1.2% | -- | 4.1% | Volatility | 16.3% | 18.2% | 21.5% | 20.8% | 23.7% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.05 | 71% |
| MSCI EAFE | 1.07 | 69% |
| MSCI Emg Mkts | 0.90 | 50% |
Liquidity Measures
| Avg. volume (000) | 63 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $3,619 |
Technical Indicators
| Recent close | $28.22 |
| 30d moving avg. | $27.93 |
| Annualized volatility | 22.5% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 2.9% |
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. SRVR |
Expenses vs. SRVR |
ALTAR Score™ vs. SRVR |
|---|---|---|---|---|
| DTCR | Global X Data Center & Digital Infrastructure ETF | 60.0% | -5 bp | +0.6% |
| IDGT | iShares U.S. Digital Infrastructure and Real Estate ETF | 40.7% | -14 bp | +9.8% |
| WTRE | WisdomTree New Economy Real Estate Fund | 39.9% | +3 bp | +2.8% |
| DTRE | First Trust Alerian Disruptive Technology Real Estate ETF | 35.5% | +5 bp | +1.5% |
| CRED | Columbia Research Enhanced Real Estate ETF | 34.3% | -22 bp | +5.4% |
| ICF | iShares Cohen & Steers REIT ETF | 31.6% | -22 bp | +4.2% |
| XLRE | Real Estate Select Sector SPDR Fund | 30.7% | -46 bp | +4.3% |
| JPRE | JPMorgan Realty Income ETF | 30.4% | -5 bp | +3.7% |
| IVRA | Invesco Real Assets ESG ETF | 30.2% | +4 bp | +4.4% |
| FPRO | Fidelity Real Estate Investment ETF | 27.3% | +4 bp | +3.4% |
Risk and Returns: SRVR 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
SRVR
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™
SRVR
2.0%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 2.0% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
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%. SRVR's ALTAR Score™ is approximately
1.5 standard deviations
below
the category average. This places SRVR in the 6th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SRVR
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 |
| SRVR (55 bp) Percentile rank | 60 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SRVR | 55.0 | 12.7 | 67.7 |
| Peer Avg. | 44.3 | 17.3 | 61.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .