Pacer US Small Cap Cash Cows 100 ETF

CALF

Market cap $3.94B

It's October, and ETFs are closing in on the $1 trillion mark for net inflows in 2025 (We have $997 billion as of October 9). This is a monumental achievement given this milestone was first crossed in a calendar year only last December.

Making its debut on 06/16/2017, smart beta exchange traded fund Pacer US Small Cap Cash Cows ETF (CALF) provides investors broad exposure to the Style Box - Small Cap Value category of the market.

Designed to provide broad exposure to the Small Cap Value segment of the US equity market, the Pacer US Small Cap Cash Cows ETF (CALF) is a passively managed exchange traded fund launched on June 16, 2017.

CALF's largest sector exposure is Consumer Discretionary, which is showing strong momentum versus Consumer Staples, supporting a bullish outlook. Despite recent underperformance, CALF's low valuation, high free cash flow yield, and improving technicals make it attractive for the rest of 2024. The ETF is cheap with a P/E under 11x and a PEG ratio well below the S&P 500, offering solid long-term EPS growth.

CALF targets small-cap companies with strong free cash flow yields, offering a differentiated, low-valuation, and profitable portfolio versus traditional value ETFs. The fund is heavily overweight in consumer discretionary and energy, but lacks exposure to financial services, impacting dividend yield. Despite appealing valuations and profitability, CALF has underperformed peers and benchmarks over time, with higher expense ratios and weaker risk-adjusted returns.

The Pacer US Small Cap Cash Cows ETF (CALF) made its debut on 06/16/2017, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market.

Looking for broad exposure to the Small Cap Value segment of the US equity market? You should consider the Pacer US Small Cap Cash Cows ETF (CALF), a passively managed exchange traded fund launched on 06/16/2017.

CALF has been one of the worst-performing small-cap value funds over the last two years. Something had to change, and fortunately, an update to the Index methodology occurred in March. At first glance, the main change was selecting 200 stocks instead of 100, which naturally improved diversification. However, CALF's Index also widened its selection universe from 600 to 2,500 stocks. As a result, CALF functions more like a small/mid-cap ETF compared to dedicated small-cap value peers like IJS, AVUV, SFLO, and USVM.

Making its debut on 06/16/2017, smart beta exchange traded fund Pacer US Small Cap Cash Cows ETF (CALF) provides investors broad exposure to the Style Box - Small Cap Value category of the market.

Looking for broad exposure to the Small Cap Value segment of the US equity market? You should consider the Pacer US Small Cap Cash Cows ETF (CALF), a passively managed exchange traded fund launched on 06/16/2017.