Key stats
About Pacer S&P MidCap 400 Quality FCF Aristocrats ETF
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Inception date
Aug 27, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Pacer Advisors, Inc.
Distributor
Pacer Financial, Inc.
ISIN
US69374H2123
MCOW tracks an index of US mid-cap equities of companies with constant positive free cash flow (FCF). These securities are also determined as having high FCF margins and return on invested capital (ROIC). Selection begins with the initial index universe comprised of 400 mid-sized companies in the US equity market. Each company is screened to identify those with positive FCF for at least seven consecutive years, with the exclusion of the real estate sector and certain financial sector industries. The 160 most qualified securities are then given an FCF score based on their five-year average FCF margin and ROIC and ranked accordingly. The top 80 companies with the highest scores are selected for inclusion in the index. Weighting is done based on float-adjusted market-cap along with the respective FCF score. Each constituent weighting is capped at 5% max and floored at 0.05%. Sector weighting is also capped at 40% each. The index is reconstituted and rebalanced on a semi-annual basis.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Producer Manufacturing
Electronic Technology
Industrial Services
Stocks99.94%
Technology Services21.42%
Producer Manufacturing16.33%
Electronic Technology16.32%
Industrial Services11.64%
Consumer Services6.93%
Health Technology6.45%
Commercial Services6.35%
Finance5.81%
Consumer Non-Durables1.74%
Transportation1.48%
Process Industries1.47%
Non-Energy Minerals1.45%
Health Services1.24%
Retail Trade0.98%
Distribution Services0.32%
Bonds, Cash & Other0.06%
Cash0.06%
Stock breakdown by region
North America96.90%
Europe3.10%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MCOW invests in stocks. The fund's major sectors are Technology Services, with 21.42% stocks, and Producer Manufacturing, with 16.33% of the basket. The assets are mostly located in the North America region.
MCOW top holdings are Pure Storage, Inc. Class A and Manhattan Associates, Inc., occupying 4.33% and 4.28% of the portfolio correspondingly.
No, MCOW doesn't pay dividends to its holders.
MCOW shares are issued by Pacer Advisors, Inc. under the brand Pacer. The ETF was launched on Aug 27, 2025, and its management style is Passive.
MCOW expense ratio is 0.49% meaning you'd have to pay 0.49% of your investment to help manage the fund.
MCOW follows the S&P MidCap 400 Quality FCF Aristocrats Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MCOW invests in stocks.