Pacer Global Cash Cows Dividend ETF (GCOW)
BATS BATS Primary Summary
GCOW: Global ETF With Strong Value, Yield And Diversification
Pacer Global Cash Cows Dividend ETF offers diversified global exposure to 100 high free cash flow dividend stocks, excluding financials and overweighting non-U.S. equities. GCOW's value-oriented portfolio is cheaper than ACWI but has lagged it since inception, likely due to lower U.S. allocation. Recent outperformance versus ACWI stems from international equities' strength; GCOW's distributions have grown 90% since 2017, though not in a straight line.
GCOW: Attractive Strategy That Fails To Deliver Full Value
Pacer Global Cash Cow Dividend ETF targets companies with high free cash flow and dividend yields, aiming for income and capital appreciation. GCOW offers a 4.15% dividend yield and 7.84% dividend growth CAGR, but its 49% turnover rate and sector concentration raise concerns. The ETF's top holdings have an average FCF yield of 6.54% and a reasonable P/FCF of 15, with solid but not outstanding growth rates.
GCOW: Global Diversification And Cash Flow At A Cost
Pacer Global Cash Cows Dividend ETF warrants a hold rating due to mixed factors, including high fees and potentially low future dividend growth. GCOW offers global diversification with high free cash flow, but has the highest expense ratio among compared ETFs with relatively high payout ratios. A strong U.S. dollar along with high proposed tariffs risk future returns for many of GCOW's top holdings.
Pacer Global Cash Cows Dividend ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 58,203 | $2.29M | $2.58M | $296,168.55 | 12.95% |
| RS Ramu Singh CALTON & ASSOCIATES Inc. | 76,252 | $2.84M | $3.38M | $544,053.42 | 19.16% |
 Daniel L. Lippincott Karpus Management Inc. | 391,956 | $15.51M | $17.39M | $1.88M | 12.13% |
 Daren Blonski Fermata Advisors LLC | 72,631 | $2.36M | $3.22M | $859,224.73 | 36.36% |
 Kyle P. Smith NewEdge Wealth LLC | 8,050 | $282,998.8 | $357,460.25 | $74,461.45 | 26.31% |
Pacer Global Cash Cows Dividend ETF (GCOW) FAQ
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Pacer Global Cash Cows Dividend ETF Profile
| BATS Exchange | US Country |
Overview
The company in question operates within the financial industry, focusing on investment services that target components of a specific index. It commits to investing a minimum of 80% of its total assets—excluding any collateral from securities lending—directly into the securities that constitute the index it tracks. Additionally, the firm invests in assets that closely mimic the economic characteristics of the index's securities, which may include depositary receipts among other types of investments. With a strategy that emphasizes adherence to an objective, rules-based methodology, the company seeks to offer exposure to global corporations. The selection criterion for these corporations is based on the dual factors of high dividend yields and substantial free cash flow yields, aiming to deliver value to investors who are particularly interested in income-generating investments.
Products and Services
- Index Component Investments
The core service involves investing a significant portion of its assets in the securities that form part of the designated index. This approach ensures that the fund's performance closely mirrors the index's performance, aligning with investors' expectations for consistency and risk management related to the tracked index.
- Economically Similar Investments
In addition to direct index component investments, the company expands its portfolio by including assets that possess economic characteristics virtually identical to those of the index's components. This category may encompass a range of investment vehicles, such as depositary receipts, thus offering broader exposure to the market segments represented by the index.
- High Dividend Yield Exposure
The investment strategy specifically targets companies that are not just part of a global index but also stand out for their high dividend yields. This focus is tailored to meet the needs of investors who prioritize income through dividends in their investment portfolios.
- High Free Cash Flow Yield Selection
Complementing the high dividend yield criterion, the fund also looks for companies with high free cash flow yields. This approach reflects a commitment to investing in businesses that exhibit strong financial health and have the potential for sustainable growth, which, in turn, can support and potentially increase dividend payouts over time.
