cowz stock: Pacer US Cash Cows 100 ETF

cowz stock refers to the Pacer US Cash Cows 100 ETF — a U.S. equity ETF that targets large- and mid-cap companies with high free-cash-flow yield. This guide explains the fund’s index methodology, h...

2024-07-10 02:15:00

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COWZ (Pacer US Cash Cows 100 ETF)

Note: "cowz stock" in this article refers to the Pacer US Cash Cows 100 ETF — an exchange-traded equity fund issued by Pacer that tracks the Pacer US Cash Cows 100 Index. It is not a cryptocurrency or token. Any time-sensitive figures (AUM, NAV, yield, performance) should be verified with the fund sponsor or major market-data providers for the latest values.

Overview

cowz stock is the ticker for the Pacer US Cash Cows 100 ETF, an equity ETF that seeks capital appreciation by targeting U.S. large- and mid-cap companies with high free cash flow yield.

The fund launched on December 16, 2016 and is structured to provide exposure to companies that generate significant free cash flow relative to their market values. As an equity ETF, cowz stock holds common stocks rather than fixed income or commodities, and it is managed to replicate an index designed around free-cash-flow metrics.

This overview explains the fund’s investment objective, construction, fees, distributions, risks, and where investors and researchers can find current data.

Index methodology

The Pacer US Cash Cows 100 Index is the benchmark tracked by cowz stock. The index methodology follows a systematic rules-based approach focused on free cash flow (FCF) yield.

The initial universe is derived from the Russell 1000 (U.S. large- and mid-cap stocks). Financials are generally excluded from the universe due to accounting and cash-flow differences that make comparisons difficult.
Constituents are screened for minimum market-cap thresholds and for positive prospective financial characteristics; companies with negative projected free cash flow or negative earnings expectations are removed.
Remaining companies are ranked by trailing free cash flow yield (trailing free cash flow divided by enterprise value or market capitalization, per index rules).
The top 100 companies by trailing free cash flow yield are selected for the index.
Constituents are weighted primarily by free cash flow, subject to position caps to limit concentration in any single issuer. The index is reconstituted and rebalanced on a quarterly schedule to reflect updated financials and rankings.

This methodology aims to favor companies that convert profits into cash effectively, under the hypothesis that high free cash flow yields may indicate undervaluation or resilient cash generation.

Investment strategy and portfolio construction

cowz stock implements the index through replication and seeks to invest substantially (typically at least 80%) of its assets in the index components. The fund purchases the underlying equities to approximate the index weights.

Key portfolio construction features include:

Replication: The fund generally holds the index constituents in similar weights to the index, subject to practical considerations such as liquidity and trading costs.
Weighting and caps: While the index uses free cash flow as a primary weighting metric, rules impose caps on position sizes to prevent single-name concentration. The ETF mirrors these caps to remain aligned with the index.
Sector concentration: Because high free-cash-flow companies can cluster in certain industries (for example, energy, consumer staples, or large-cap industrials depending on the period), cowz stock may exhibit sector tilts and higher exposure to the industries that produce strong cash flows in a given quarter.
Turnover and rebalancing: Quarterly reconstitution can generate moderate turnover as companies move into or out of the top-100 list. The fund manages turnover with trading practices designed to minimize market impact.

This strategy is neither a growth nor a strict value mandate; instead, it focuses on cash-generation metrics that can cross traditional style boxes.

Replication and tracking

cowz stock targets close replication of the Pacer US Cash Cows 100 Index and aims to invest most of its assets in the index securities. Tracking error can occur due to fees, trading costs, sampling (if used for less liquid names), dividend timing, and cash holdings.

Investors should monitor the fund’s reported tracking difference and consult the fund’s factsheet and periodic reports for realized tracking statistics.

Representative holdings

Below are representative large-cap names that have appeared in cowz stock holdings snapshots. These sample holdings are illustrative and not exhaustive — the fund updates its holdings quarterly.

The Walt Disney Company
NIKE, Inc.
Qualcomm Incorporated
Ford Motor Company
Exxon Mobil Corporation
Cisco Systems, Inc.
Pfizer Inc.
ConocoPhillips
Chevron Corporation
EOG Resources, Inc.

As of the latest quarterly holdings publication, those large-cap companies were typical examples among the top positions. The full holdings list and exact weights are updated on a quarterly basis; always refer to the fund sponsor for the most recent holdings report.

Performance

Historical performance for cowz stock is published by Pacer and by third-party data providers as both NAV-based returns and market-price (total return) performance.

Performance reporting typically includes cumulative and annualized returns across multiple time horizons (1-year, 3-year, 5-year, since inception).
Past performance is not indicative of future results. Returns for ETFs are influenced by index performance, management fees, trading costs, and tracking difference.

For the latest performance figures (NAV return, market return, and benchmark comparisons), consult the fund sponsor’s product page and recognized market-data vendors to see updated charts and return tables.

Distributions and dividend policy

cowz stock pays distributions on a quarterly basis. The ETF’s distributions generally reflect dividends received from the underlying stocks, less any fund expenses or adjustments.

Typical dividend yield ranges reported by market-data providers have tended to be in the low-single-digit area for this strategy (for example, around 1.5–2.0% in some reporting windows), but yield levels vary with market prices and underlying dividend payouts.
Historical dividend records (payment dates and amounts) are available from the fund sponsor and major dividend-tracking services.

Investors seeking exact payout dates, amounts, and tax-treatment detail for recent quarters should consult the official distribution history published by the fund sponsor.

Fees and expenses

cowz stock charges an expense ratio to cover management and operational costs. Public sources report an expense ratio of approximately 0.49% as of recent filings. Investors incur additional costs when trading the ETF on an exchange, including brokerage commissions (if applicable) and the bid–ask spread.

Expense ratio: ~0.49% (verify with current fund prospectus for the exact, up-to-date figure).
Trading costs: Vary by broker and market conditions; spreads can widen in times of low liquidity or market stress.

Always confirm the current expense ratio and fee disclosures in the ETF prospectus and the product fact sheet before investing.

Trading and market information

cowz stock trades under the ticker COWZ on U.S. exchanges. Liquidity, availability of options, and the ability to short the ETF depend on market conditions and broker support.

Ticker: COWZ
Exchange listing: U.S. exchange listing (investors should check local trading hours and currency conventions).
Options and shorting: Options availability and shorting depend on exchange listings and broker inventory. Not all ETFs have liquid option chains; check your brokerage or market-data provider for current option quotes.
Liquidity notes: Average daily trading volume for COWZ varies over time. Liquidity metrics (average daily shares traded, average daily dollar volume) are published by market-data vendors; check the latest quote page or fund sponsor data to see current volume statistics.
Symbol lookup: Use major market-data platforms to view live quotes, charts, and trade-by-trade activity. For custody and trading, consider supported markets on Bitget and check compatibility with Bitget Wallet for custody and research.

Assets under management (AUM) and flows

AUM and fund flows for cowz stock change frequently and are reported by the fund sponsor and market-data vendors.

Funds with similar strategies can experience inflows or outflows based on performance, investor sentiment, and market trends.
For the most current AUM and recent net flows, consult the fund sponsor’s product page and periodic regulatory filings. These sources provide the official AUM figures as of specific reporting dates.

As of 2026-01-27, according to the fund sponsor’s most recent product materials, AUM and flows should be verified directly with Pacer or major data providers for the exact figures on that date.

Risks and limitations

Investing in cowz stock carries several risks. Key considerations include:

Market risk: The value of the ETF’s shares will fluctuate with U.S. equity markets.
Sector and concentration risk: Because the index targets companies with high free cash flow yield, the ETF can have industry tilts that lead to higher exposure in certain sectors during particular market cycles.
Tracking error and methodology risk: The ETF may not perfectly track the index due to fees, sampling decisions, cash holdings, and timing differences. Index methodology choices — such as exclusion of financials and the reliance on trailing metrics — can produce performance divergence relative to other indices.
Liquidity and trading spreads: In stressed markets, spreads can widen and liquidity can decline, potentially increasing execution costs for investors.
Turnover and tax considerations: Quarterly reconstitution generates turnover that can result in realized capital gains in the fund (depending on the ETF’s trading management and in-kind creation/redemption mechanics).
Specific-event risk: Company-specific negative developments (earnings shocks, litigation, regulatory actions) can affect individual holdings and, if concentrated, the ETF’s performance.

For a full list of risks, consult the fund prospectus and the Pacer risk disclosures.

Comparisons and related products

cowz stock is one of several strategies that emphasize free cash flow or cash-generation metrics. Related products and strategies include other free-cash-flow or cash-yield ETFs, and products that wrap a cash-flow equity exposure with income-oriented overlays.

Cash-flow-focused ETFs: Other ETFs also target free-cash-flow yield or free-cash-flow growth; differences lie in the index definitions, universe screens, and weighting schemes.
Covered-call/ income wrappers: Products that combine equity exposure with covered-call overlays (for example, certain covered-call ETFs) are designed for higher income at the potential cost of capped upside. These differ from cowz stock because the latter is purely equity exposure without systematic options overlays.
Comparison note: When comparing cowz stock with other funds, consider differences in index rules (e.g., universe selection, treatment of financials, weighting principles), expense ratios, turnover, and historical tracking performance.

Fund sponsor and governance

cowz stock is sponsored and advised by Pacer, an ETF issuer and investment manager. Pacer provides the fund prospectus, fact sheet, and regulatory disclosures.

Governance: The ETF is governed under standard fund governance structures, with a board of trustees overseeing operations and compliance.
Documents: The fund prospectus, statement of additional information, and periodic shareholder reports contain full legal, financial, and operational details.

For investor inquiries, contact the sponsor directly or consult the product materials published by Pacer for official documentation and contact channels.

History and notable developments

Launch date: The ETF launched on December 16, 2016.
Reconstitution cadence: The index and the ETF follow a quarterly reconstitution and rebalance schedule, which is a regular feature of the strategy.
Press and coverage: The fund has been covered in financial media and analyst commentaries that discuss cash-flow-focused indexing and the practical implications of weighting by free cash flow.

Major methodological updates, if any, are announced by the index provider and fund sponsor. For a historical timeline of material changes, review the sponsor’s press releases and regulatory filings.

References and sources

As of 2026-01-27, according to Pacer’s product materials and official fund disclosures, the information summarized above reflects the ETF’s stated objective, methodology, fee structure, and distribution policy. Additional market-data and historical holdings snapshots are available from major financial-data vendors and dividend record services; consult the fund sponsor and recognized market-data providers for specific figures and dated reports.

Sources typically include the fund prospectus, product fact sheet, sponsor materials, and third-party data providers such as major financial quoting services and dividend-tracking publications. For the most accurate and timely figures — including NAV performance, AUM, average daily volume, and exact dividend history — check the official Pacer product page and the ETF’s regulatory filings as published by Pacer.

Practical notes for researchers and traders

Verify time-sensitive metrics: AUM, NAV, yield, and average trading volume change daily. For trading decisions or reporting, use the sponsor’s published figures as of a specific date.
Liquidity: If you plan to trade COWZ, confirm intraday liquidity and bid–ask spreads through your broker or market-data platform.
Taxes: Quarterly distributions can have tax consequences. Review distribution composition reports (capital gains vs. ordinary income) in the ETF’s annual tax documents.
Custody and trading tools: For custody, trading, and wallet support, Bitget and Bitget Wallet provide research tools and brokerage services—check the platform for product availability and supported markets.

Risks re-emphasized and regulatory compliance

This article is informational and not investment advice. It is neutral in tone and based on publicly stated objectives and methodology. For investment recommendations or personal financial decisions, consult a licensed financial adviser. Review the ETF prospectus and Pacer’s official risk disclosures for complete legal and risk-related information.

Further exploration and next steps

If you want to track cowz stock more closely:

Review the fund sponsor’s product page and prospectus for the latest official figures and holdings as of a specific reporting date.
Monitor NAV and market-price performance from recognized market-data platforms.
For trading and custody, explore Bitget’s market offerings and Bitget Wallet for secure asset management and access to research tools.

Explore more ETF guides and educational resources to understand index construction, free cash flow metrics, and how cash-flow-focused strategies compare with traditional value and growth approaches.

Action: To view up-to-date holdings, distribution history, AUM, and performance for cowz stock, consult the fund sponsor’s materials and major market-data services on your preferred trading platform. For custody and trade execution options, explore Bitget and Bitget Wallet for supported services and platform tools.

The content above has been sourced from the internet and generated using AI. For high-quality content, please visit Bitget Academy.