Pacer Developed Markets International Cash Cows 100 ETF (ICOW): Price and Financial Metrics ETF

Pacer Developed Markets International Cash Cows 100 ETF (ICOW) ETF Bio

The investment objective of the Pacer Developed Markets International Cash Cows 100 ETF seeks to rank the components of the FTSE All-World Developed ex US Index based on projected free cash flows and earnings for the next two fiscal years. The methodology screens out companies with negative projected earnings or free cash flows and non-REIT financial companies, as well as companies with less than $3 billion in market capitalization. From there, the index’s methodology selects the 500 companies with the highest average daily trading value and ranks them by trailing 12-month free-cash-flow yield, selecting the top 100 companies for the index.