Skip to content
etf.net

PIEL

GradeFChicago Board Options Exchange

Pacer International Export Leaders ETF

Factor & Screened Index · Pacer · Inception 2025-12-21 · SEC filings

$28.78−0.38 (−1.30%)

As of Sep 23, 2026, 10:14 AM EDT

Market opens at 9:30 AM ET.History starts Dec 23, 2025.History starts Dec 23, 2025.
Intraday session: up, 8 prints from 28.60 to 28.78. Range 28.30 to 29.14. Use the arrow keys to read each point.$28.40$29.20Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.60%
Fund size
$1M
1Y return
—
Yield · Last 12 months
—
Holdings
108
Volume · 30D
0M sh
NAV per share
$28.61
52W range
low $23.64high $30.20

The ETF.net PIEL Grade

F

14/ 100

Rank 30 of 30 in International Multifactor⁠

Confidence Medium

Six-pillar profile for PIEL. Scores out of 100: Cost 17, Risk 14, Mission not scored, Tradability 2, Holdings 23, Durability 26. Strongest: Durability (26). Weakest: Tradability (2). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 14 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned15This cap took−0Published score14 Grade F

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 17
    Category rank25/30 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 14
    Category rank30/30 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 2
    Category rank29/30 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 23
    Category rank28/30 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 26
    Category rank29/30 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on PIEL

ETF.net Research

FMost international factor funds sort on cheap or fast-growing. PIEL sorts by passport: developed-market companies outside the US that sell the most abroad, narrowed to the 100 with the highest free-cash-flow margins.

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

  1. 01Two questions run the screen: who sells the most outside their home country, and who converts the most of those sales into free cash. The top 100 survivors get in.sec.gov
  2. 02Market-cap weighted with a 5% cap on any one holding and rebuilt twice a year, so a single mega-cap cannot swallow the portfolio.sec.gov
  3. 03Pacer has run this export-plus-free-cash-flow playbook on US stocks since 2018. This is the same idea pointed at developed markets outside the US.sec.gov

Worth knowing

  1. 01At 0.60% a year it costs more than most of the international multifactor field, where INTF charges 0.16% and GSIE 0.25%.
  2. 02Small and lightly traded, which usually means wider bid-ask spreads and more of your cost buried in the trade rather than the fee.
  3. 03Launched in 2025, so there is no long record to judge, and the semi-annual rebuild can reshuffle the roster meaningfully.sec.gov

PIEL Holdings

As of Sep 16, 2026, 3:19 PM
Asset class
Stocks
Holdings
108
Top-10 weight
39%
Largest holding
ASML.AS4.8%

Geography

  • Switzerland16.14%
  • United Kingdom12.36%
  • Japan10.15%
  • France10.13%
  • Korea (the Republic of)9.96%
  • Netherlands8.08%
  • Canada7.98%
  • Germany5.55%
  • Other countries (11)19.65%

Developed 89% · Emerging 11% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 8.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ASML.ASASML Holding NV4.82%34$54K194
002000660.KSSK hynix Inc4.76%43$53K184
003005930.KSSamsung Electronics Co Ltd4.36%268$49K176
004ROP.SWRoche Holding AG4.31%110$48K196
005NOVN.SWNovartis AG3.95%319$44K183
006SAP.DESAP SE3.71%193$42K163
007AZN.LAstraZeneca PLC3.54%243$40K164
008NESN.SWNestle SA3.40%401$38K162
009MC.PALVMH Moet Hennessy Louis Vuitton SE3.22%77$36K144
010BHP.AXBHP Group Ltd3.01%800$34K151
011ITX.MCIndustria de Diseno Textil SA2.65%491$30K144
012RMS.PAHermes International SCA2.40%17$27K124
013RR.LRolls-Royce Holdings PLC2.25%1,317$25K148
014SHOP.TOShopify Inc2.22%192$25K122
015SAF.PASafran SA2.15%65$24K156

Showing 1–15 of 106 holdings

PIEL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PIEL$11,531
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. PIEL $11,531. SPY $11,430. Use the arrow keys to read each point.$9,082$10,616$12,151Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

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.

Trailing total return for PIEL. Periods over one year show the average yearly return.
PeriodPIEL
Year to date+15.3%
1 month−3.3%
3 months−2.7%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+15.3%
2025−0.4%

History from Dec 23, 2025

PIEL in the news

ETF.net Research hasn’t filed on PIEL yet — coverage lands here as it’s written.

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 Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Dec 2025. No distributions yet.

PIEL Risk

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.
1.15
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.

PIEL Cost

Expense ratio0.60%
  • The middle half of International Multifactor funds
  • Median 0.35%

24 of the 30 International Multifactor funds charge less.

PIEL costs $60.00 a year on $10,000. The median International Multifactor fund costs $35.50.