 The
Pacer US Cash Cows 100 ETF (COWZ) is an exchange-traded fund that
seeks to track the performance of the Pacer US Cash Cows 100 Index.
This index uses a proprietary algorithm to select the top 100
companies in the Nasdaq US 500 Large Cap Index based on free cash flow
yield.
The ETF's objective is to provide investors with
exposure to large-cap US companies that have high free cash flow
yield, which is a measure of a company's ability to generate cash
after accounting for capital expenditures. The fund has an expense
ratio of 0.49%.
As of March 23, 2023, the COWZ ETF had total
net assets of $1.75 billion and held positions in 99 different
securities. The fund's top holdings were Apple Inc., Microsoft
Corporation, and Amazon.com Inc.
Investing in the COWZ ETF may
appeal to investors who are seeking exposure to large-cap US companies
with strong cash flow generation. However, it is important to note
that the ETF may be more volatile than other large-cap equity ETFs, as
it is focused on companies with high free cash flow yield, which may
be more susceptible to changes in interest rates or economic
conditions.
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