Pacer US Cash Cows 100 ETF
COWZ
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 500 Chesterfield Parkway Malvern PA United States of America 19355
- IPO Date
- Dec 22, 2016
- CIK
- 0001616668
- Website
- paceretfs.com
- Similar Companies
- Business
- Pacer US Cash Cows 100 ETF (COWZ) is an exchange-traded fund that tracks the Pacer US Cash Cows 100 Index, investing at least 80% of its assets in equity securities of large- and mid-capitalization U.S. companies exhibiting high free cash flow yields, selected from the Russell 1000 Index universe. The fund employs a rules-based methodology that screens the top 400 highest free-float market capitalization companies excluding financials and those with negative projected free cash flow based on FactSet consensus estimates; the remaining top 100 holdings are weighted by trailing 12-month free cash flow. It offers investors exposure to high-quality U.S. equities trading at discounts with potential for long-term capital appreciation and income through dividends, characterized by a weighted average free cash flow yield of approximately 6%, dividend yield of 2.2%-2.6%, and P/E ratio around 16-17 as of recent quarterly rebalances. Launched on December 16, 2016, and domiciled in the United States, COWZ trades on the Cboe BZX Exchange with a net expense ratio of 0.49% and has grown to over $18 billion in assets under management. Pacer ETFs, headquartered in Malvern, Pennsylvania and managed by Pacer Advisors, Inc. with portfolio managers including Bruce Kavanaugh, distributes the fund through Pacer Financial, Inc. The ETF focuses on the large-cap value segment within U.S. equities, targeting sectors such as information technology, health care, energy, and consumer discretionary based on recent holdings data. In recent developments, Pacer ETFs expanded the Cash Cows series internationally by launching three UCITS ETFs mirroring COWZ, ICOW, and another in Europe via its Dublin-based Pacer ETFs ICAV in May 2024, marking entry into the European market amid the series' assets surpassing $35 billion. Quarterly index reconstitutions continue to reshape the portfolio, including the June 2025 rebalance with 29 additions like Hewlett Packard Enterprise and Archer-Daniels-Midland alongside 30 deletions such as Exxon Mobil and Chevron, increasing technology exposure by 9% while reducing energy weighting. These adjustments reflect ongoing strategic refinements to optimize free cash flow characteristics amid market dynamics, with total assets under management for COWZ reaching approximately $18.5 billion as of late 2025.