Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
You take care of your investments. We like that.
Upgrade to Premium to access your Watchlist and more.
Pacer WealthShield ETF
ETF
PWS
Payout Change
Pending
Price as of:
$27.9898
-0.07
-0.24%
primary theme
Tactical Allocation
PWS (ETF)
Pacer WealthShield ETF
Payout Change
Pending
Price as of:
$27.9898
-0.07
-0.24%
primary theme
Tactical Allocation
PWS (ETF)
Pacer WealthShield ETF
Payout Change
Pending
Price as of:
$27.9898
-0.07
-0.24%
primary theme
Tactical Allocation
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
3.7%
1 yr return
5.0%
3 Yr Avg Return
-2.6%
5 Yr Avg Return
4.1%
Net Assets
$23.4 M
Holdings in Top 10
53.4%
52 WEEK LOW AND HIGH
$28.1
$25.59
$29.66
Expenses
OPERATING FEES
Expense Ratio 0.60%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 227.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PWS - Profile
Distributions
- YTD Total Return 3.7%
- 3 Yr Annualized Total Return -2.6%
- 5 Yr Annualized Total Return 4.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.53%
- Dividend Yield 2.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePacer WealthShield ETF
-
Fund Family NamePacer
-
Inception DateDec 11, 2017
-
Shares Outstanding1100000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBruce Kavanaugh
Fund Description
The Fund employs a “passive management” (or indexing) investment approach designed to track the total return performance, before fees and expenses, of the Index. The Index is based on a proprietary methodology developed and maintained by Index Design Group (the “Index Provider”), an affiliate of Pacer Advisors, Inc., the Fund’s investment adviser (the “Adviser”). The Index utilizes a systematic risk management strategy that directs the Index’s exposure to U.S. equity securities, U.S. Treasury securities, or a mix of each.
The Index
The Index uses an objective, rules-based methodology to implement a trend-following strategy that directs some or all of the Index’s exposure to (i) U.S. equity securities or (ii) U.S. Treasury securities depending on the strength of the high-yield corporate (“junk”) bond market relative to U.S. Treasury bonds and the momentum of certain U.S. equity sectors or industries and of long-term U.S. Treasury bonds, as described below.
Exponential Moving Average: An exponential moving average (EMA) is a type of moving average that reacts faster to recent price changes than a simple moving average.
Exposure to Equities or Fixed Income
On the third-to-last business day of each month (the “Selection Date”), the Index will observe the ratio between the S&P U.S. High Yield Corporate Bond Index and the S&P U.S. Treasury Bond 7-10 Year Index (the “Risk Ratio”). The Risk Ratio relative to its 5-month exponential moving average determines whether the Index will be in Equity Mode or Fixed Income Exposure, each as described below, for the following month effective on the first day of such month. If the Risk Ratio is at or above its 5-month exponential moving average, the Index will be in Equity Exposure for the following
month. If the Risk Ratio is below its 5-month exponential moving average, the Index will be in Fixed Income Exposure for the following month.
Equity Exposure
If the Risk Ratio dictates that the Index will be in Equity Exposure for the following month, the Index will select the five U.S. equity market components (“Equity Components”) from the list below with the best performance. The performance of each Equity Component is updated quarterly as of the Selection Date in each March, June, September, and December, and is based on the total return for the 6-month period ending on such Selection Date.
S&P 500® Energy Sector Total Return Index | S&P 500® Materials Sector Total Return Index |
S&P 500® Information Technology Sector Total Return Index | S&P 500® Industrials Sector Total Return Index |
S&P 500® Financials Sector Total Return Index | S&P 500® Health Care Sector Total Return Index |
S&P 500® Utilities Sector Total Return Index | S&P 500® Real Estate Sector Total Return Index |
S&P 500® Consumer Staples Sector Total Return Index | S&P Biotechnology Select Industry Total Return Index |
S&P 500® Consumer Discretionary Sector Total Return Index | Dow Jones Internet Composite Index |
Each of the five Equity Components selected will be equally weighted (i.e., 20% to each Equity Component). However, if the value of any of the Equity Components selected is below such Equity Component’s 7-month exponential moving average, the 20% allocation to each such Equity Component will instead be allocated to 3-month U.S. Treasury bills. For each Equity Component included in the Index, the individual equity securities of such Equity Component will be included in the Index holdings in the proportion they had as of the Selection Date. When all five Equity Components selected are included in the Index, the Index will be comprised of approximately 400 individual equity securities.
Fixed Income Exposure
If the Risk Ratio dictates that the Index will be in Fixed Income Exposure for the following month, the Index will be 100% allocated to the S&P U.S. Treasury Bond 20+ Year Total Return Index (the “20+ Year Index”). However, if the value of the 20+ Year Index is below its 7-month exponential moving average, the Index will instead be 100% allocated to 3-month U.S. Treasury bills.
The constituents identified as of the Selection Date will become effective on the first business day of the month following the Selection Date.
The Fund’s Investment Strategy
The Fund attempts to invest all, or substantially all, of its assets in the component securities that make up (i) the component securities of the Index or (ii) ETFs that seek to track the performance of some or all of the component securities of the Index in the same approximate weight as such component securities. The Fund’s investments in the component securities of the Index will consist of equity and/or fixed income securities or other ETFs investing in such equity and/or fixed income securities. The Adviser expects that, over time, the correlation between the Fund’s performance and that of the Index, before fees and expenses, will be 95% or better.
The Fund will generally use a “replication” strategy to achieve its investment objective, meaning it will invest in all of the component securities of the Index in the same approximate proportion as in the Index.
The Fund may invest in other ETFs whose holdings correspond to the holdings of an Equity Component when such Equity Component is included in the Index. Similarly, the Fund may invest in other ETFs whose holdings correspond to the holdings of the 20+ Year Index or are comprised of 3-month U.S. Treasury bills when such components are included in the Index.
PWS - Performance
Return Ranking - Trailing
| Period | PWS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -4.8% | 13.6% | 24.34% |
| 1 Yr | 5.0% | -8.7% | 55.9% | 66.67% |
| 3 Yr | -2.6%* | -23.8% | 8.3% | 81.70% |
| 5 Yr | 4.1%* | -11.7% | 18.2% | 48.08% |
| 10 Yr | N/A* | -4.7% | 9.6% | 49.01% |
* Annualized
Return Ranking - Calendar
| Period | PWS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -5.7% | -18.9% | 60.2% | 98.68% |
| 2022 | -13.3% | -48.5% | 0.1% | 25.11% |
| 2021 | 13.3% | -19.0% | 48.3% | 11.50% |
| 2020 | 21.4% | -16.5% | 52.8% | 6.98% |
| 2019 | -0.4% | -8.5% | 27.3% | 94.29% |
Total Return Ranking - Trailing
| Period | PWS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -4.8% | 13.6% | 24.34% |
| 1 Yr | 5.0% | -8.7% | 55.9% | 66.67% |
| 3 Yr | -2.6%* | -23.8% | 8.3% | 81.70% |
| 5 Yr | 4.1%* | -11.7% | 18.2% | 48.08% |
| 10 Yr | N/A* | -4.7% | 9.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PWS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -3.6% | -11.7% | 61.8% | 99.12% |
| 2022 | -12.1% | -48.5% | 4.6% | 37.89% |
| 2021 | 14.4% | -14.2% | 48.3% | 29.65% |
| 2020 | 22.2% | -11.7% | 77.4% | 10.70% |
| 2019 | 1.3% | -3.9% | 30.2% | 98.10% |
PWS - Holdings
Concentration Analysis
| PWS | Category Low | Category High | PWS % Rank | |
|---|---|---|---|---|
| Net Assets | 23.4 M | 1.98 M | 13.3 B | 90.83% |
| Number of Holdings | 344 | 2 | 1954 | 10.48% |
| Net Assets in Top 10 | 11.6 M | 1.16 M | 10.4 B | 93.01% |
| Weighting of Top 10 | 53.38% | 0.4% | 149.2% | 74.24% |
Top 10 Holdings
- Mount Vernon Liquid Assets Portfolio, LLC 22.25%
- Amazon.com Inc 8.33%
- Microsoft Corp 5.12%
- Apple Inc 4.67%
- Berkshire Hathaway Inc 2.70%
- NVIDIA Corp 2.63%
- Tesla Inc 2.36%
- JPMorgan Chase Co 1.95%
- Meta Platforms Inc 1.69%
- Visa Inc 1.68%
Asset Allocation
| Weighting | Return Low | Return High | PWS % Rank | |
|---|---|---|---|---|
| Stocks | 99.95% | 0.00% | 137.56% | 3.93% |
| Cash | 22.32% | -33.22% | 99.05% | 21.83% |
| Preferred Stocks | 0.00% | 0.00% | 5.36% | 75.55% |
| Other | 0.00% | -29.71% | 128.17% | 76.86% |
| Convertible Bonds | 0.00% | 0.00% | 8.92% | 86.03% |
| Bonds | 0.00% | 0.00% | 106.59% | 81.22% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PWS % Rank | |
|---|---|---|---|---|
| Energy | 22.77% | 0.00% | 60.89% | 10.26% |
| Utilities | 20.16% | 0.00% | 91.12% | 1.54% |
| Consumer Defense | 19.35% | 0.00% | 37.51% | 4.62% |
| Real Estate | 18.14% | 0.00% | 99.45% | 10.26% |
| Basic Materials | 17.10% | 0.00% | 56.73% | 3.08% |
| Consumer Cyclical | 1.94% | 0.00% | 25.83% | 82.56% |
| Industrials | 0.28% | 0.00% | 23.85% | 89.23% |
| Healthcare | 0.27% | 0.00% | 38.63% | 91.28% |
| Technology | 0.00% | 0.00% | 85.77% | 95.38% |
| Financial Services | 0.00% | 0.00% | 98.22% | 96.41% |
| Communication Services | 0.00% | 0.00% | 21.61% | 93.85% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PWS % Rank | |
|---|---|---|---|---|
| US | 99.95% | 0.00% | 137.56% | 3.93% |
| Non US | 0.00% | -1.94% | 41.50% | 75.11% |
PWS - Expenses
Operational Fees
| PWS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.60% | 0.49% | 10.24% | 98.69% |
| Management Fee | 0.60% | 0.00% | 1.50% | 26.20% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 16.48% |
| Administrative Fee | N/A | 0.05% | 0.70% | N/A |
Sales Fees
| PWS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| PWS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PWS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 227.00% | 1.75% | 441.00% | 90.32% |
PWS - Distributions
Dividend Yield Analysis
| PWS | Category Low | Category High | PWS % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.71% | 0.00% | 25.23% | 47.16% |
Dividend Distribution Analysis
| PWS | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| PWS | Category Low | Category High | PWS % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.53% | -2.01% | 13.72% | 45.41% |
Capital Gain Distribution Analysis
| PWS | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 27, 2024 | $0.031 | OrdinaryDividend |
| Jan 03, 2024 | $0.189 | OrdinaryDividend |
| Sep 27, 2023 | $0.165 | OrdinaryDividend |
| Jun 28, 2023 | $0.090 | OrdinaryDividend |
| Mar 29, 2023 | $0.152 | OrdinaryDividend |
| Dec 29, 2022 | $0.243 | OrdinaryDividend |
| Sep 28, 2022 | $0.071 | OrdinaryDividend |
| Jun 29, 2022 | $0.103 | OrdinaryDividend |
| Dec 30, 2021 | $0.056 | OrdinaryDividend |
| Sep 29, 2021 | $0.115 | OrdinaryDividend |
| Jun 25, 2021 | $0.087 | OrdinaryDividend |
| Mar 26, 2021 | $0.054 | OrdinaryDividend |
| Dec 28, 2020 | $0.024 | OrdinaryDividend |
| Sep 25, 2020 | $0.051 | OrdinaryDividend |
| Jun 26, 2020 | $0.032 | OrdinaryDividend |
| Mar 27, 2020 | $0.047 | OrdinaryDividend |
| Dec 27, 2019 | $0.132 | OrdinaryDividend |
| Sep 26, 2019 | $0.079 | OrdinaryDividend |
| Jun 27, 2019 | $0.075 | OrdinaryDividend |
| Mar 28, 2019 | $0.139 | OrdinaryDividend |
| Dec 27, 2018 | $0.068 | OrdinaryDividend |
| Sep 27, 2018 | $0.111 | OrdinaryDividend |
| Jun 28, 2018 | $0.048 | OrdinaryDividend |
| Mar 29, 2018 | $0.052 | OrdinaryDividend |
PWS - Fund Manager Analysis
Managers
Bruce Kavanaugh
Start Date
Tenure
Tenure Rank
Dec 11, 2017
4.47
4.5%
Mr. Kavanaugh has been Vice President of the Adviser since it began operations in 2004. He has been a portfolio manager with the Adviser since 2013.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 33.83 | 6.59 | 13.0 |
