TRFK
Pacer Data and Digital Revolution ETF
TRFK tracks market cap-weighted index of global companies involved in the use, manipulation, transmission, and storage of data, as well as the ancillary services that enable these processes.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
60 bp
EXPENSES
$34.9 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Pacer Advisors |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 08, 2022 |
| Assets (mns) | $35 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NVIDIA CORP | 12.1 % |
| ORACLE CORP | 11.0 % |
| BROADCOM INC. | 10.9 % |
| ADVANCED MICRO DEVICES | 7.7 % |
| CISCO SYSTEMS INC | 6.0 % |
| PALO ALTO NETWORKS INC | 4.1 % |
| ARISTA NETWORKS, INC. | 4.0 % |
| INTEL CORP | 3.4 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 2.7 % |
| MOTOROLA SOLUTIONS | 2.5 % |
Constituent Breakdown
| Number of holdings | 75 |
| Herfindahl-Hirschman Index | 595 |
| Wgt avg mkt cap (mns) | $208,776 |
| Large cap (>$10bn) | 95.0% |
| Mid cap ($2-10bn) | 4.3% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 90.7 % |
 |
IRELAND | 2.6 % |
 |
SWITZERLAND | 1.8 % |
 |
FRANCE | 1.2 % |
 |
ISRAEL | 1.2 % |
 |
FINLAND | 0.8 % |
 |
JAPAN | 0.7 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 22.6% | 44.0% | -- | -- | -- | -- | 41.8% | Volatility | 25.2% | 22.4% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.21 | 70% |
| MSCI EAFE | 0.85 | 36% |
| MSCI Emg Mkts | 0.70 | 29% |
Liquidity Measures
| Avg. volume (000) | 12 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.23% |
| ADV of underlying (mns) | $104,693 |
Technical Indicators
| Recent close | $42.61 |
| 30d moving avg. | $45.87 |
| Annualized volatility | 25.5% |
| Relative strength (RSI) | 60 |
| Short interest (ETF) | 0.1% |
| 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. TRFK |
Expenses vs. TRFK |
ALTAR Score™ vs. TRFK |
|---|---|---|---|---|
| FIVG | Defiance Next Gen Connectivity ETF | 37.0% | -30 bp | +1.5% |
| SOXQ | Invesco PHLX Semiconductor ETF | 36.2% | -41 bp | +0.2% |
| SHOC | Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF | 31.3% | -20 bp | +0.1% |
| SOXX | iShares Semiconductor ETF | 31.2% | -25 bp | +0.9% |
| SPRX | Spear Alpha ETF | 31.1% | +15 bp | -2.1% |
| XLK | Technology Select Sector SPDR Fund | 30.9% | -51 bp | +0.4% |
| SMH | VanEck Semiconductor ETF | 30.7% | -25 bp | +0.1% |
| FTEC | Fidelity MSCI Information Technology Index ETF | 30.4% | -52 bp | +0.1% |
| MVPS | Amplify Thematic All-Stars ETF | 29.6% | -11 bp | -1.6% |
| KNCT | Invesco Next Gen Connectivity ETF | 29.5% | -20 bp | +1.0% |
Risk and Returns: TRFK 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
TRFK
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™
TRFK
4.6%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.6% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. TRFK's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places TRFK in the 55th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
TRFK
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| TRFK (60 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) |
|
|---|---|---|---|
| TRFK | 60.0 | 23.4 | 83.4 |
| Peer Avg. | 56.7 | 40.3 | 97.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .