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The Cash Cows ETF Series

EAFG

Pacer Developed Markets Cash Cows Growth Leaders ETF

A strategy-driven exchange traded fund that aims to provide exposure to top growth companies in the MSCI EAFE Index by screening for above average free cash flow margins.

Pacer Developed Markets Cash Cows Growth Leaders Index Strategy

  • Free cash flow is the cash remaining after a company has paid expenses, interest, taxes, and long-term investments. It is the source from which dividends are paid.
  • Companies that have the highest free cash flow margin over time may produce higher current and future sales and earnings growth.



Free Cash Flow Margin Comparison

as of 3/31/2024

1. High Quality Developed Markets Large- and Mid-Cap Companies
Focus on quality large- and mid-cap companies with high free cash flow margin.

2. Potential for Profitability
Companies with high free cash flow margin have historically generated more profitable sales.

3. Long-Term Capital Appreciation
Using free cash flow margin to evaluate a company may produce potentially higher returns and more attractive upside/downside capture.


 







 


Definitions
Free Cash Flow (FCF): A company’s cash flow from operations minus capital expenditures (expenses, interest, taxes, and long-term investments)
Free Cash Flow Margin (FCF/Sales): Measures a company's total free cash flow realtive to its sales
Sales:. The value of what a company sold to its customers during a given period; also known as revenue.


Pacer US Cash Cows Growth Leaders Strategy Overview

An objective rules-based methodology that uses a factor screen to select top companies in the index universe.
All data as of March screening review.

Top 100 large- and mid-cap companies with the highest free cash flow margin.

  • Weighted by price momentum
  • Holdings capped at 5% for each company at time of rebalance
  • Reconstituted and rebalanced semi-annually in March and September

Source: FactSet
(1)The individual components of the index are weighted by their total market capitalization. Market capitalization is determined by multiplying each company’s market price by their total outstanding shares. Companies are ranked in descending order based on their market cap in dollars.
(2)Financial companies and real estate companies are excluded from the index universe. Companies in the index are screened based on average projected free cash flows and earnings (if available) over each of the next two fiscal years. Companies for which information on their projected free cash flows or earnings is not available will typically remain in the Index universe. Companies with negative average projected free cash flows or earnings are typically removed from the Index universe. The remaining companies are typically ranked by their free cash flow margin for the trailing twelve month period.
(3) Companies included in the index are weighted by their price momentum score. Price momentum is a speed of price changes in a security and shows the rate of price change over time to determine the extent of a trend.

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Performance (%)

as of 03/31/2024

  Since Fund Inception (3/20/24) YTD 1 Month 3 Month 1 Year
MSCI EAFE 1.22 5.78 3.29 5.78 15.32

Monthly Performance

Source: MSCI and US Bank.

This is a new fund and has limited performance to report. Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate, so shares may be worth more or less when redeemed or sold. Current performance may be lower or higher than the performance quoted. Visit www.paceretfs.com for the most recent month-end performance. Index returns are for illustrative purposes only. Index performance does not reflect any management fees, transaction costs or expenses. You cannot invest directly in an index.

Total return is the actual rate of return of an investment over a given evaluation period. Total return includes interest, capital gains, dividends and distributions realized over a given period of time.

Top 10 Holdings (%)

as of 6/30/17

View All Holdings

Daily Holdings

Ticker Holding Weight
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Sector Breakdown (%)

as of 3/20/2024

To view a sector's breakdown, please select a slice. To return to the total breakdown, select 'Sector Breakdown' below. Please note, the sector table below only shows total sector weights.

Country Breakdown (%)

as of 3/20/2024

Index Characteristics

as of 3/31/2024

  Pacer Developed Markets Cash Cows Growth Leaders Index MSCI EAFE Index
Weighted Average Market Cap ($mil) 55,781.49 100,647.58
Free Cash Flow Margin (%) 19.57 10.71
Price/Earnings 22.61 15.41

Distributions

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Distribution Schedule

Past distributions are not indicative of future distributions.
*Ordinary income is composed mainly of wages, salaries, commissions and interest income from bonds, and it is taxable using ordinary income rates.

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