Pacer Developed Markets International Cash Cows 100 ETF
$42.95−0.68 (−1.55%)
- Expense ratio
- 0.65%
- Fund size
- $1.8B
- 1Y return
- +24.7%
- Yield · Last 12 months
- 3.98%
- Holdings
- 111
- Volume · 30D
- 0.2M sh
- NAV per share
- $43.33
- 52W range
The ETF.net ICOW Grade
Score 45 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 3Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 87Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 50Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 59Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 40Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 53Category rank
Our read on ICOW
CCash flow is the yardstick here, not book value. ICOW screens the FTSE Developed ex-US index and holds the 100 companies with the highest free-cash-flow yield: international value measured by money that actually landed.
The fund seeks capital appreciation through a rules-based screen of the FTSE Developed ex-US Index that selects 100 international companies based on free-cash-flow yield.
Why people hold it
- One rule, no drift: rank developed ex-US companies on free-cash-flow yield, keep the top 100. The screen is mechanical, so no manager talks themselves into a story stock.paceretfs.com
- Cash generation is harder to dress up than a low price-to-book, so the portfolio leans value and quality from the same screen.
- Running since 2017, now a multi-billion-dollar fund with moderate trading volume that distributes quarterly.
Worth knowing
- At 0.65% a year it costs roughly double the international-value median, and cheaper broad options sit in the same aisle (DFIV 0.27%, EFV 0.31%).
- About 110 holdings, so single names and sectors carry more weight than in a broad international value index.
- Against its international-value peers it lands in the lower half overall, with fee and portfolio breadth doing most of the work.
ICOW Holdings
- Stocks
- 111
- 22%
- 4502.T
Sectors
- Industrials23.3%
- Consumer Discr.14.7%
- Communication12.9%
- Energy12.6%
- Materials11.1%
- Cons. Staples9.0%
- Health Care8.2%
- Technology8.1%
Geography
- Japan25.01%
- France13.08%
- Canada12.95%
- United Kingdom12.14%
- Germany6.97%
- South Korea6.22%
- Netherlands3.64%
- Hong Kong3.46%
- 16.53%
Developed 93% · Emerging 7%
ICOW Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ICOW |
|---|---|
| Year to date | +15.9% |
| 1 month | −2.7% |
| 3 months | +4.5% |
| 1 year | +24.7% |
| 3 years | +17.4% |
| 5 years | +10.9% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ICOW |
|---|---|---|
| 2026 YTD | +15.9% | |
| 2025 | +36.9% | |
| 2024 | −2.6% | |
| 2023 | +19.0% | |
| 2022 | −8.0% | |
| 2021 | +11.5% | |
| 2020 | +7.2% |
ICOW in the news
ETF.net Research hasn’t filed on ICOW yet — coverage lands here as it’s written.
ICOW Dividends
- 3.98%
- $1.73
- $0.94 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 3, 2026 | Sep 8, 2026 | $0.94 |
| Jun 4, 2026 | Jun 8, 2026 | $0.26 |
| Mar 5, 2026 | Mar 9, 2026 | $0.04 |
| Dec 30, 2025 | Jan 5, 2026 | $0.50 |
| Sep 4, 2025 | Sep 10, 2025 | $0.18 |
| Jun 5, 2025 | Jun 11, 2025 | $0.24 |
| Mar 6, 2025 | Mar 12, 2025 | $0.25 |
| Dec 27, 2024 | Jan 2, 2025 | $0.10 |
| Sep 26, 2024 | Oct 2, 2024 | $0.15 |
| Jun 27, 2024 | Jul 3, 2024 | $0.97 |
| Mar 21, 2024 | Mar 27, 2024 | $0.06 |
| Dec 27, 2023 | Jan 3, 2024 | $0.26 |
ICOW Risk
- 12.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.03
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −27.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.72
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ICOW Cost
- The middle half of International Value Index funds
- Median 0.31%
Every other International Value Index fund charges less.