Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF (QQWZ)

The Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF (ticker QQWZ) is an index-based exchange-traded fund from Pacer ETFs. It rotates between two equity exposures: Pacer's U.S. Cash Cows 100 strategy, which holds large companies with high free cash flow yields, and the Nasdaq-100 Index.

The underlying index uses a rules-based signal to decide which of the two exposures to hold, aiming to shift between value-oriented cash-flow companies and growth-oriented Nasdaq-100 stocks as market conditions change. Allocations are reviewed on a regular schedule.