Pacer Developed Markets International Cash Cows 100 ETF
$42.31+0.38 (+0.89%)
- 0.65%
- $1.7B
- +22.1%
- 4.14%
- 0.2M sh
- $41.95
- low $31.46high $46.08
The ETF.net ICOW Grade
C
Score 45 out of 100
- 9 of 12
Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F3 out of 100Rank 12 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.A87 out of 100Rank 5 of 8Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C47 out of 100Rank 7 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 5 of 12Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D38 out of 100Rank 9 of 12Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C53 out of 100Rank 6 of 12
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
- 106
- 23%
- 4502.T
Sectors
- Industrials23.2%
- Consumer Discretionary14.4%
- Energy13.8%
- Communication12.9%
- Materials10.1%
- Consumer Staples9.2%
- Health Care8.3%
- Technology8.0%
Geography
- Japan24.57%
- France12.93%
- United Kingdom12.90%
- Canada12.83%
- Germany6.95%
- South Korea6.01%
- Netherlands3.78%
- Hong Kong3.55%
- 16.51%
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.
Not enough history yet.
ICOW$12,205
Returns run to the Oct 12, 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 | +11.4% |
| 1 month | −5.0% |
| 3 months | +0.9% |
| 1 year | +22.1% |
| 3 years | +16.5% |
| 5 years | +10.7% |
| 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 | +11.4% | |
| 2025 | +36.9% | |
| 2024 | −2.6% | |
| 2023 | +19.0% | |
| 2022 | −8.0% | |
| 2021 | +11.5% | |
| 2020 | +7.2% |
ICOW in the news
ICOW Dividends
- 4.14%
- $1.73
- $0.94 per share
- Quarterly
Distribution history
ICOW Risk
- 12.9%
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.
- 0.89
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.
- 0.73
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
0.65%
ICOW0.65%
- The middle half of International Value Index funds
- Median 0.31%
Every other International Value Index fund charges less.
Other funds in International Value Index
- BIVLUiShares MSCI Intl Value Factor ETFExpense ratio 0.31%1 year return +25.9%
- BVDVVanguard World Fund - Vanguard Developed Markets Ex-US Value Index ETFExpense ratio 0.08%1 year return —
- CAVNVAvantis All International Markets Value ETF 9Expense ratio 0.34%1 year return +23.9%
- DDSTXDistillate International Fundamental Stability & Value ETFExpense ratio 0.55%1 year return +19.2%
- DIVALAlpha Architect International Quantitative Value ETFExpense ratio 0.38%1 year return +26.9%