USAI

Pacer American Energy Independence ETF

USAI tracks an index of US and Canadian MLPs involved in midstream energy infrastructure. The fund holds fixed percentages of different categories of holdings.


Rules-Based, Concentrated

MANAGEMENT MATRIX

ENFR

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorPacer Financial
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateDec 12, 2017
Assets (mns)$41
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
CHENIERE ENERGY INC 7.8 %
KINDER MORGAN INC 7.5 %
ENTERPRISE PRODUCTS PARTNERS 7.4 %
ENBRIDGE INC 7.2 %
WILLIAMS COS INC 7.1 %
TRANSCANADA CORP 6.8 %
ENERGY TRANSFER, L.P. 4.4 %
TARGA RESOURCES CORP 4.2 %
PEMBINA PIPELINE CORP 4.2 %
ONEOK INC 4.1 %
Constituent Breakdown
Number of holdings31
Herfindahl-Hirschman Index 480
Wgt avg mkt cap (mns)$18,232
Large cap (>$10bn)53.1%
Mid cap ($2-10bn)20.6%
Small cap (<$2bn)12.2%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 76.3 %
CANADA 23.5 %
Historical Performance


Standardized Annual Returns (as of 08/31/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
25.1% 30.2% 39.3% 15.4% -- -- 8.6%
Market Correlations
versus...BetaR-squared
S&P 5001.5955%
MSCI EAFE1.6757%
MSCI Emg Mkts1.5954%
Liquidity Measures
Avg. volume (000)7
Turnover0.4%
Avg. Bid/Ask (% of price)0.33%
ADV of underlying (mns)$2,271
Technical Indicators
Recent close$24.97
30d moving avg.$27.84
Annualized volatility41.6%
Relative strength (RSI)33
Short interest (ETF)0.7%
Short interest (underlying)2.7%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: USAI vs. Comps (1 YR)

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2021 2022E Fwd Est 2023E
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 --%
0.5 12.7 2.5 6.7% --
Based on closing prices from 9/30/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
USAI



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™

USAI

3.3%

Cat. Avg

7.4%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™3.3%
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 875 funds in the US Equities category, with an average ALTAR Score™ of 7.4% and a standard deviation of 3.2%. USAI's ALTAR Score™ is approximately 1.3 standard deviations below the category average. This places USAI in the 10st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
USAI
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
USAI 75.0 33.4 108.4
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.