CAFG vs VONV

CAFGCPacer US Small Cap Cash Cows Growth Leaders ETF

VONVAVanguard Russell 1000 Value ETF

In short

CAFG Pacer's Cash Cows brand pointed down-market: roughly 100 US small caps screened for profitability, growth and momentum. A narrow, still-young sleeve of the multifactor shelf rather than another broad-market clone.

VONV The plain-vanilla value trade, done cheap: about 900 large US value stocks, full replication of the Russell 1000 Value Index, 0.06% a year. No factor cocktail, no premium price tag, and one of the strongest implementations in its factor peer group.

Stated mandate

CAFG The Fund seeks to track, before fees and expenses, the Pacer US Small Cap Cash Cows Growth Leaders Index.

VONV The fund seeks to track the Russell 1000 Value Index, representing large-capitalization value stocks in the United States. It uses passive indexing and full replication to remain closely aligned with that benchmark.

Why people hold it

• CAFG Does what the tin says. It tracks the Pacer US Small Cap Cash Cows Growth Leaders Index closely, and the portfolio reflects the advertised profitability, growth and momentum screens.paceretfs.com
• About 100 small-cap names, not a thousand. Three screens stacked into one ticker, so it acts as a distinct sleeve rather than a repackaging of the index you probably already hold.
• The mandate is legible: US equity, one named index, screens spelled out in Pacer's own fund documents. Distributions are paid quarterly.paceretfs.com

• VONV 0.06% a year, a fraction of the typical fee among factor ETFs. On a rules-based value index there is little room for cleverness, so cost does most of the work.vanguard.com
• Full replication, not sampling: it owns the index's roughly 900 names and has stayed tightly aligned with the Russell 1000 Value benchmark since launching in 2010.
• Same Russell benchmark as pricier rivals for less: the Goldman MarketBeta version (GVUS) charges 0.12% to track the identical value index.
• A multi-billion-dollar fund that trades actively, among the easiest in its group to get in and out of, and it distributes quarterly.

Worth knowing

• CAFG At 0.59% a year it prices like a specialist product. Most multifactor peers cost less, and broad core funds such as VONV (0.06%) or IUSG (0.04%) charge a sliver of it.
• Small asset base and thin trading, so spreads can run wider than on household-name funds. How you place the order matters more here than with a mega-fund.
• Launched in 2023, so the live record is short. Across its multifactor peer group it lands in the lower half, mostly on cost and trading friction rather than on how it follows its index.

• VONV One screen, one style. Value only, with no quality or momentum overlay, so the ride follows the value side of the market wherever it goes.vanguard.com
• This is the entire value bucket, not a best-ideas portfolio. About 900 holdings means results hug the large-cap value category rather than stray from it.
• Cheaper exists nearby: Vanguard's VYM charges 0.04%, but it screens for dividend yield, a different portfolio than a Russell value index.

Full CAFG profile⁠

Full VONV profile⁠