Filings Digest
Two Research Affiliates ETFs will charge more, and Anthropic funds are effective but not trading
Pacer WealthShield ETF
$31.51−0.28 (−0.88%)
- 0.60%
- $14M
- −3.7%
- 2.14%
- 6.13K sh
- low $31.18high $33.83
The ETF.net PWS Grade
B
Score 67 out of 100
- 6 of 46
Score 67 of 100 falls in the B 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.A83 out of 100Rank 8 of 46Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D39 out of 100Rank 32 of 46Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B64 out of 100Rank 10 of 46Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A77 out of 100Rank 9 of 43Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B56 out of 100Rank 25 of 46
Our read on PWS
In short
BA tactical fund that takes its cue from the junk-bond market. When high-yield credit and sector momentum turn, PWS rotates between U.S. equity sectors and Treasuries, then re-checks the tape every month.
Stated mandate
The Fund uses a rules-based trend-following strategy to shift exposure between U.S. equity sectors and U.S. Treasury securities. Its monthly evaluations consider high-yield credit conditions, Treasury rates, and momentum in equity sectors and long-term Treasuries.
Why people hold it
Worth knowing
PWS Holdings
- Stocks
- 315
- 42%
- United States Treasury Bill 12/31/2026
Sectors
- Technology23.5%
- Energy21.0%
- Health Care19.8%
- Real Estate18.2%
- Industrials17.3%
- Financials0.1%
- Materials0.1%
- Consumer Discretionary0.0%
Geography
- United States99.07%
- Switzerland0.36%
- United Kingdom0.32%
- Netherlands0.12%
- China0.08%
- Mexico0.03%
- Ireland0.02%
PWS 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.
PWS$9,635
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.
| Period | PWS |
|---|---|
| Year to date | −0.4% |
| 1 month | −1.4% |
| 3 months | −0.1% |
| 1 year | −3.7% |
| 3 years | +8.9% |
| 5 years | +0.1% |
| 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 | PWS |
|---|---|---|
| 2026 YTD | −0.4% | |
| 2025 | +8.0% | |
| 2024 | +14.0% | |
| 2023 | −3.6% | |
| 2022 | −12.1% | |
| 2021 | +14.4% | |
| 2020 | +22.2% |
PWS in the news
PWS Dividends
- 2.14%
- $0.68
- $0.34 per share
- Quarterly
PWS Risk
- 11.4%
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.
- 0.42
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.
- −24.9%
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.
FMP measures it over up to five years of monthly returns.
PWS Cost
Overpaying vs ENDW, cheapest in Tactical Allocation
$7,259
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
PWS 0.60%
$11,817
ENDW 0.22% Cheapest
$4,558
Cost over time
Year by year
| Year | PWS | ENDW | Overpaying |
|---|---|---|---|
| 10 | $1,076 | $401 | $675 |
| 20 | $4,116 | $1,561 | $2,555 |
| 30 | $11,817 | $4,558 | $7,259 |
Other funds in Tactical Allocation
- ARISNInspire Capital Appreciation ETFExpense ratio 0.72%1 year return +4.8%
- BPBLPGIM Portfolio Ballast ETFExpense ratio 0.45%1 year return +7.3%
- BLEXIAlexis Practical Tactical ETFExpense ratio 1.02%1 year return +13.3%
- BTUGSTF Tactical Growth ETFExpense ratio 0.65%1 year return +12.1%
- BDDXXDefined Duration 20 ETFExpense ratio 0.25%1 year return
