(GCOW) Pacer Global Cash Cows - BATS

The Pacer Global Cash Cows Dividend ETF (GCOW) is a passively managed exchange-traded fund that tracks a rules-based index of global companies exhibiting both high dividend yields and high free cash flow yields. Under normal conditions, the fund commits at least 80% of its total assets to index components and securities with substantially identical economic characteristics, such as depositary receipts. The index methodology is objective and systematic, screening for firms whose ability to return capital to shareholders through dividends is supported by underlying free cash flow generation rather than leverage or one-time events.

As an ETF listed in the USA and categorized within the Global Large-Stock Value segment, GCOW provides investors with diversified exposure to established international equities selected for income and cash-generation attributes. Free cash flow yield serves as a fundamental valuation metric, measuring the cash a company generates relative to its market capitalization, while dividend yield reflects the income returned to shareholders as a percentage of share price. Combining these two screens distinguishes the fund from pure dividend or pure value strategies, aiming to identify financially healthy companies capable of sustaining payouts.