CALF ETF ANALYSIS

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CALF ETF FUNDAMENTALS
CALF ETF PERFORMANCE

CALF ISSUER

Pacer Advisors, Inc. serves as the investment adviser for the Pacer U.S. Cash Cows Small Cap ETF (CALF). The firm specializes in providing innovative investment solutions and is affiliated with the Index Design Group, the entity responsible for developing and maintaining the proprietary methodology behind CALF's underlying index. Pacer Advisors, Inc. employs a passive management approach to track the performance of the index, which focuses on small-capitalization U.S. companies exhibiting high free cash flow yields, commonly referred to as cash cows.

CALF DIVIDEND

The Pacer U.S. Small Cap Cash Cows 100 ETF (CALF) seeks to provide investment results that correspond to the total return performance of the Pacer US Small Cap Cash Cows Index. This index employs a rules-based methodology to identify small-capitalization U.S. companies with high free cash flow yields, often referred to as cash cows. CALF's investment strategy focuses on tracking these companies, which have demonstrated strong free cash flow generation relative to their market capitalization and debt levels. The ETF's approach is aimed at capturing the potential for dividends and cash flow distribution from these small-cap cash cow companies within the U.S. market.

CALF TRACKING

The Pacer U.S. Small Cap Cash Cows 100 ETF (CALF) employs a passive investment approach to track the total return performance of the proprietary Index. This index utilizes a rules-based methodology to provide tracking to small-capitalization U.S. companies with high free cash flow yields, often referred to as cash cows. By focusing on companies with strong free cash flow metrics, CALF aims to capture the potential growth and stability inherent in such businesses within the small-cap segment of the market.

CALF CORRELATION

The Pacer US Cash Cows 100 ETF (CALF) employs a passive investment approach to track the total return performance of the Pacer US Cash Cows 100 Index. This index aims to provide exposure to small-capitalization U.S. companies with high free cash flow yields. By focusing on companies with strong free cash flow generation relative to their enterprise value, CALF seeks to capture the performance of cash cow companies. The correlation between CALF's performance and that of its underlying index is anticipated to be around 95% or better, as per the fund's investment strategy.

CALF SECTOR

The Pacer U.S. Small Cap Cash Cows 100 ETF (CALF) focuses on tracking the performance of the Cash Cows Index, which is designed to provide exposure to small-capitalization U.S. companies with high free cash flow yields. These cash cows are companies that generate strong free cash flows relative to their enterprise value. CALF aims to capture the potential of such companies within the small-cap sector, offering investors an opportunity to benefit from the financial strength and profitability of these selected businesses.

CALF EXPOSURE

The Pacer U.S. Small Cap Cash Cows 100 ETF (CALF) offers exposure to small-capitalization U.S. companies with high free cash flow yields. CALF's investment approach follows a rules-based methodology, selecting companies with strong free cash flow metrics and excluding those with negative cash flows or earnings. With a focus on tracking the Pacer U.S. Small Cap Cash Cows 100 Index, CALF provides investors with access to a diversified portfolio of small-cap stocks that exhibit favorable cash flow characteristics.

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