Skip to content
etf.net

Launched · SEC filings

Pacer International Export Leaders ETF

PIELCboePacerF

$28.59+0.29 (+1.02%)

As of Nov 2, 2026, 2:47 PM ET

F15/ 100

Rank 29 of 30 in International Multifactor

F15/100Rank 29 of 30inInternational Multifactor
Intraday session: up, 58 prints from 28.30 to 28.59. Range 28.30 to 28.80. Use the arrow keys to read each point.28.4028.5028.7028.8010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$1M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
104
Avg volume · 30D
523 sh
52W range
low $23.64high $30.20
Launched
Filings
SEC EDGAR

The ETF.net PIEL Grade

Based on 5 of 6 pillars

F

Score 15 out of 100

Category
International Multifactor⁠
Rank
29 of 30
Six-pillar profile for PIEL. Scores out of 100: Cost 17, Risk 18, Mission not scored, Tradability 3, Holdings 23, Durability 25. Strongest: Durability (25). Weakest: Tradability (3). Based on 5 of 6 pillars.

Score 15 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
16
This cap took
0
Published Score
15 Grade F

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F17 out of 100
    Rank 25 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F18 out of 100
    Rank 29 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F3 out of 100
    Rank 30 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F23 out of 100
    Rank 29 of 30

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D25 out of 100
    Rank 29 of 30

Our read on PIEL

ETF.net Research

In short

FMost international funds hand you companies that mostly sell at home. PIEL screens developed markets outside the US for the opposite: large and mid caps with heavy foreign sales and high free cash flow margins, then keeps the top 100.

Stated mandate

The fund seeks global market growth by screening the FTSE Developed ex US Index for the top 100 large- and mid-capitalization companies with high foreign sales and high free-cash-flow margins.

Why people hold it

  • Two-step screen with a clear logic: filter the FTSE Developed ex US Index for high foreign sales, then keep the 100 highest free cash flow margins, weighted by market cap with a 5% cap per name.sec.govpaceretfs.com
  • Not a lab experiment. It is the overseas build of the export-leaders template Pacer has run on US stocks since 2018, pointed at non-US exporters instead.paceretfs.comstockanalysis.com
  • The cash-flow step does real work: ranking on free cash flow margin tilts the basket toward companies converting sales into cash, which the broad developed ex-US index does not screen for.paceretfs.com
  • Rules-based and transparent: roughly 100 stocks, a published index, and a 5% cap that stops one giant exporter from running the portfolio.sec.gov

Worth knowing

  • The screen costs you: 0.49% sits above the typical international multifactor fund, and well above plain factor peers like GSWO (0.15%) and INTF (0.16%).
  • It listed in December 2025 and is still a small fund, so trading is thinner than at the category's heavyweights and bid-ask spreads can run wider.
  • Short history means there is no record yet of how an exporter-and-cash-flow screen behaves through a full cycle in currencies, trade policy, or a global slowdown.

PIEL Holdings

Holdings pillarF23 out of 100Rank 29 of 30 in International MultifactorAs of
Asset class
Stocks
Holdings
104
Top-10 weight
39%
Largest holding
ASML.AS5.0%

Geography

  • Switzerland17.46%
  • United Kingdom12.38%
  • Japan10.38%
  • South Korea9.14%
  • France9.04%
  • Canada8.32%
  • Netherlands7.26%
  • Germany5.74%
  • Other countries (11)20.29%

Developed 90% · Emerging 10% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1ASML.ASASML Holding NV5.01%34$57K193
2ROP.SWRoche Holding AG4.59%110$52.2K203
3NOVN.SWNovartis AG4.31%319$49K189
4SAP.DESap SE3.97%193$45.2K172
5005930.KSSamsung Electronics Co Ltd3.97%268$45.2K182
6000660.KSSK hynix Inc3.69%43$42K186
7AZN.LAstraZeneca PLC3.60%243$41K166
8NESN.SWNestle SA3.56%401$40.5K165
9MC.PALVMH Moet Hennessy Louis Vuitton SE2.99%78$34K140
10SHOP.TOShopify Inc2.94%192$33.4K127
11BHP.AXBHP Group Ltd2.89%800$32.9K154
12ITX.MCIndustria de Diseno Textil SA2.75%491$31.3K144
13RMS.PAHermes International SCA2.27%17$25.9K122
146857.TAdvantest Corp2.16%113$24.6K186
15ABI.BRAnheuser-Busch Inbev Sa/Nv2.06%283$23.5K122

Showing 1–15 of 104 holdings

PIEL Performance

Launched Dec 22, 2025

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.Not enough history yet.Not enough history yet.Not enough history yet.
PIEL$11,199
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. PIEL $11,199. SPY $11,169. Use the arrow keys to read each point.$10,000$11,000$12,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for PIEL. Periods over one year show the average yearly return.
PeriodPIEL
Year to date+12.0%
1 month−0.5%
3 months−0.3%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PIEL
YearReturn barPIEL
2026 YTD+12.0%
2025−0.4%

History from Dec 23, 2025

PIEL in the news

PIEL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Dec 2025. No distributions yet.

PIEL Risk

Risk pillarF18 out of 100Rank 29 of 30 in International Multifactor
How much the fund’s monthly returns vary, scaled to a year.
Launched Dec 2025; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
Launched Dec 2025; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
Launched Dec 2025; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
1.19
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

PIEL Cost

Compare PIEL and GSWO

Overpaying vs GSWO, cheapest in International Multifactor

$6,655

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PIEL 0.49%

    $9,792

  • GSWO 0.15% Cheapest

    $3,137

$10,000
30 years

Cost over time

  • PIEL 0.49%
  • GSWO 0.15%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530PIEL $9,792GSWO $3,137

Year by year

YearPIELGSWOOverpaying
10$883$274$609
20$3,394$1,071$2,323
30$9,792$3,137$6,655

Other funds in International Multifactor

See others