Pacer Developed Markets International Cash Cows 100 ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Jan 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About ICOW
The Fund employs a “passive management” (or indexing) investment approach designed to track the total return performance, before fees and expenses, of the Index. The Index is based on a proprietary methodology developed and maintained by Index Design Group (the “Index Provider”), an affiliate of Pacer Advisors, Inc., the Fund’s investment adviser (the “Adviser”).The IndexThe Index uses an objective, rules-based methodology to provide exposure to large and mid-capitalization non-U.S. companies in developed markets with high free cash flow yields. Companies with high free cash flow yields are commonly referred to as “cash cows”.Free Cash Flow (FCF): A company’s cash flow from operations minus capital expenditures.Enterprise Value (EV): A company’s market capitalization plus its debt and minus its cash and cash equivalents.Free Cash Flow Yield: FCF / EVThe initial index universe is derived from the component companies of the FTSE Developed ex US Index. The initial universe of companies is screened based on their average projected free cash flows and earnings (if available) over each of the next two fiscal years. Companies with no forward year estimates available for free cash flows or earnings will remain in the Index universe.Companies with negative average projected free cash flows or earnings are removed from the Index universe. Additionally, financial companies, other than real estate investment trusts (“REITs”), and companies with a market capitalization of less than $3 billion are excluded from the Index universe.The remaining companies are ranked by their average daily trading value (“ADTV”) for the prior three months. The 500 companies with the highest ADTV are then ranked by their free cash flow yield for the trailing twelve month period. The equity securities of the 100 companies with the highest free cash flow yield are included in the Index.At the time of each rebalance of the Index, the companies included in the Index are weighted in proportion to their trailing twelve month free cash flow, and weightings are capped at 2% of the weight of the Index for any individual company. As of June 30, 2025, the Index did not have significant exposure to companies in any countries, and the companies included in the Index had a market capitalization of $3 billion to $297 billion. As of June 30, 2025 the Index had significant exposure to the industrials sector. The Index is reconstituted and rebalanced semi-annually as of the close of business on the 3rd Friday of June and December based on data as of the 1st Friday of the applicable rebalance month.The Fund’s Investment StrategyThe Fund is classified as “diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”). However, the Fund may become “non-diversified” solely as a result of a change in the relative market capitalization or index weighting of one or more constituents of the Index.Under normal circumstances, at least 80% of the Fund’s total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities (e.g., depositary receipts). The Adviser expects that, over time, the correlation between the Fund’s performance and that of the Index, before fees and expenses, will be 95% or better.The Fund will generally use a “replication” strategy to achieve its investment objective, meaning it will invest in all of the component securities of the Index in the same approximate proportion as in the Index.
ICOW News
- Trading the Move, Not the Narrative: (ICOW) Edition
- Pacer Advisors Inc. Cuts Position in Pacer Developed Markets International Cash Cows 100 ETF $ICOW
- (ICOW) Volatility Zones as Tactical Triggers
- Short Interest in Pacer Developed Markets International Cash Cows 100 ETF (BATS:ICOW) Rises By 112.2%
- Price-Driven Insight from (ICOW) for Rule-Based Strategy
- Price-Driven Insight from (ICOW) for Rule-Based Strategy
- (ICOW) Price Dynamics and Execution-Aware Positioning
- (ICOW) as a Liquidity Pulse for Institutional Tactics
- Pacer Developed Markets International Cash Cows 100 ETF (BATS:ICOW) Short Interest Up 86.0% in May
Data for ICOW is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.