(ICOW) Pacer Developed Markets - Overview
ETF Category: Foreign Large Value | Exchange: BATS (USA) | Market Cap: 1.846m USD | Total Return: 40.3% in 12m
TER: 0.65%
Avg Turnover: 7.05M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The Pacer Developed Markets International Cash Cows 100 ETF (ICOW) tracks an index of 100 large- and mid-capitalization companies located in developed markets outside the United States. The fund employs a rules-based strategy to select constituents based on high free cash flow yield, ensuring at least 80% of assets are invested in these specific securities.
Free cash flow yield is a valuation metric that compares the operating cash flow a company generates, minus capital expenditures, to its enterprise value. This approach often leads to a portfolio concentrated in mature industries, such as financials or industrials, where companies prioritize liquidity and shareholder returns over aggressive growth reinvestment.
Investors can further evaluate these underlying holdings and yield metrics by visiting ValueRay. Because the index focuses on non-U.S. developed markets, the fund provides exposure to international economic cycles while filtering for businesses with the balance sheet strength to sustain operations without heavy reliance on external financing.
- High free cash flow yield performance relative to broader international indices
- Strength of the US dollar against major developed market currencies
- Dividend payout sustainability among top non-US large and mid-cap holdings
- Economic growth trajectories in European and Pacific developed market regions
- Global interest rate shifts impacting valuation of cash-generative value stocks
Over the past week, the price has changed by -0.95%, over one month by +2.15%, over three months by +4.16% and over the past year by +40.29%.
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