ETF PROAI
COWGPacerACTIVE

Pacer US Large Cap Cash Cows Growth Leaders ETF

$40.42-0.10% vs prior close
334152-WK

Price through Oct 2 · Flows through unavailable. Figures use the latest available records, not a live quote. Fund details retrieved Oct 2. Holdings snapshot retrieved Oct 2.

The index uses a rules-based methodology that seeks to provide exposure to large-capitalization U.S. companies with above average free cash flow margins. Under normal circumstances, the fund will seek to invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of large-capitalization companies ("large cap") that are principally traded in the United States. It is non-diversified.

Price & daily flows
38.936.734.5Tue Aug 18 · Pacer launches MILK, first Cash Cows bond ETF40.42DAILY NET FLOWOct 2Feb 2Jun 2Oct 2

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN

The desk’s read

Recent fund-flow records are unavailable, while the price has returned +14.8% so far this year. At 0.49% a year it is not the cheapest way in — ANEW has a reported fee of 0.45%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$204Massets under management
0.49%expense ratio · $49 per $10,000 a year
—net flow, trailing month
267Kavg daily volume, 30 days
101holdings · US-domiciled
2022listed December 21, 2022 · beta 1.21
Sector weights
Technology56.03%
Information Technology54.18%
Technology Services47.54%
Healthcare16.58%
Electronic Technology13.19%
Health Technology9.46%
Consumer Discretionary7.76%
Energy7.34%
Energy Minerals7.07%
Consumer Cyclical6.11%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States98.28%
Brazil2.73%
Switzerland1.72%
Netherlands0.53%
Australia0.51%
United Kingdom0.36%
Ireland0.34%
Other0.06%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+1.3%
1 month+2.5%
3 months+3.9%
6 months+19.8%
YTD+14.8%
1 year+10.0%
3 years—

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week—
1 month—
3 months—
YTD—
1 year—

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
11%realized volatility, 30 days (annualized)
19%realized volatility, 1 year
-11.0%deepest fall from a peak, 1 year
-0.4%latest close versus that peak

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
—calls · latest snapshot
—puts · latest snapshot
—put/call ratio
217Kshares traded
The case against COWG

Due diligence cuts both ways. These funds sit on the same shelf and beat COWG on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IVV iShares Core S&P 500 ETF0.03%$882.6B+$4.6B-46bp on fee · 4317× the assets · +$4.6B in over the monthHead-to-head
BBUS JPMorgan BetaBuilders U.S. Equity ETF0.02%$9.4B+$187M-47bp on fee · 46× the assets · +$187M in over the monthHead-to-head
SPYG State Street SPDR Portfolio S&P 500 Growth ETF0.04%$56.2B+$717M-45bp on fee · 275× the assets · +$717M in over the monthHead-to-head
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF0.03%$14.1B+$235M-46bp on fee · 69× the assets · +$235M in over the monthHead-to-head
SPYV State Street SPDR Portfolio S&P 500 Value ETF0.04%$36.2B+$208M-45bp on fee · 177× the assets · +$208M in over the monthHead-to-head
Sign in to save this to The RecordA timestamped copy for the file — documentation, not advice.
InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
THE DESK BRIEF

Flows, fee cuts, and closure risk on the funds you watch — every trading morning.