Pacer Developed Markets International Cash Cows 100 ETF (ICOW)
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Pacer Developed Markets International Cash Cows 100 ETF Profile
| XAMS Exchange | US Country |
Overview
The fund described is designed for investors seeking to diversify their investment portfolio beyond domestic markets by focusing on non-U.S. companies located in developed markets. It uniquely targets firms that exhibit high free cash flow yields, an indicator of financial stability and potential for growth. By investing a significant portion of its assets in the securities that comprise its benchmark index, as well as in similar financial instruments, the fund aims to mirror the economic characteristics of its selected index components. The methodology behind the index selection is objective and rules-based, ensuring a systematic approach to capturing the desired market exposure.
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- Component Securities Investment
The fund commits at least 80% of its total assets to investing in the securities that make up its designated index. This is central to its strategy of mimicking the economic characteristics of these component securities, thereby aiming to achieve similar financial performance. Investments are made in large and mid-capitalization companies, offering a balance between stability and growth potential.
- Identical Economic Characteristics Investments
In addition to direct investments in index components, the fund also allocates assets to investments that have economic characteristics substantially identical to those of the index components. This may include derivative instruments or other financial products that replicate the performance of the securities within the index. This strategy broadens the fund's reach while maintaining alignment with the overall investment objective.
- Objective, Rules-Based Methodology
The fund employs a systematic, objective, and rules-based methodology to select the non-U.S. companies in developed markets with high free cash flow yields. This approach ensures that the investment process is transparent and replicable, focusing on quantitative metrics to guide the selection of securities for the fund’s portfolio.
