ATLASPacer Developed Markets International Cash Cows 100 ETF (ICOW): outlook, holdings and fees
Pacer Developed Markets International Cash Cows 100 ETF (ICOW) is an exchange-traded fund and is managed by Pacer. The expense ratio is 0.62% and the yield is 3.96%. The ten largest holdings are 22% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on ICOW
| Last price | $43.09 (+0.8%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 57% |
| Likely 1-month range (50%) | $42.43 – $44.22 |
| Normal 1-day range (±1σ) | ±0.7% |
| Distribution yield | 3.96% · quarterly |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
ICOW fund facts
| Issuer | Pacer |
|---|---|
| Theme | International developed |
| Assets under management | $1.7B |
| Expense ratio | 0.62% |
| Number of holdings | 50 |
| Portfolio turnover | 59% |
| Inception | Jun 16, 2017 |
| Exchange | CBOE |
The index uses an objective, rules-based methodology to provide exposure to large and mid-capitalization non-U.S. companies in developed markets with high free cash flow yields. The fund will invest at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities.
ICOW top holdings
| Holding | Sector | Weight |
|---|---|---|
| Takeda Pharmaceutical Co. Ltd. 4502 | Healthcare | 2.42% |
| Shell plc SHEL | Energy | 2.26% |
| Suncor Energy Inc SU | Energy | 2.35% |
| Agnico Eagle Mines Limited AEM | Basic Materials | 2.30% |
| Vodafone Group PLC VOD | Communication Services | 2.19% |
| KDDI Corp. 9433 | Communication Services | 2.32% |
| BP PLC BP | Energy | 2.10% |
| Sony Corp 6758 | Technology | 2.13% |
| Deutsche Post AG DHL | Industrials | 2.14% |
| Barrick Gold Corp ABX | Basic Materials | 2.11% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
ICOW sector breakdown
| Sector | Weight |
|---|---|
| Industrials | 22.1% |
| Energy | 14.8% |
| Consumer Cyclicals | 13.8% |
| Communication Services | 12.7% |
| Basic Materials | 10.3% |
| Consumer Defensive | 9.6% |
| Technology | 8.5% |
| Healthcare | 8.3% |
By region: Europe Developed 35.1%, Japan 25.1%, North America 13.4%, United Kingdom 12.9%, Asia Developed 10.6%.
ICOW returns and risk
| Year to date | +11.2% |
|---|---|
| 1 year | +18.5% |
| 3 years (annualised) | +16.1% |
| 5 years (annualised) | +10.5% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 13.1% |
| Sharpe ratio (3 years) | 0.87 |
Past returns do not guarantee future results.
ICOW: frequently asked questions
What does ICOW invest in?
Pacer Developed Markets International Cash Cows 100 ETF invests in a portfolio of securities. Its largest holdings are Takeda Pharmaceutical Co. Ltd. (2.4%), Shell plc (2.3%), Suncor Energy Inc (2.4%), Agnico Eagle Mines Limited (2.3%), Vodafone Group PLC (2.2%).
What is the ICOW expense ratio?
0.62% a year: about $62.00 for every $10,000 invested.
What is the ICOW dividend yield?
3.96%, paid quarterly. ATLAS does not hold the exact distribution dates for ETFs.
Will ICOW go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 57%, with a likely range (50%) of $42.43 to $44.22 from $43.09 today. It is a probability, not a prediction.
How has ICOW performed?
Year to date +11.2%, one year +18.5%, three years +16.1% a year, five years +10.5% a year. Past returns do not guarantee future results.
Similar ETFs: International developed
- Vanguard FTSE Developed Markets ETF (VEA)
- iShares Core MSCI EAFE ETF (IEFA)
- Vanguard Total International Stock ETF (VXUS)
- iShares MSCI EAFE ETF (EFA)
- Vanguard FTSE All-World ex-US Index Fund ETF Shares (VEU)
- Schwab International Equity ETF (SCHF)
- iShares Core MSCI Total International Stock ETF (IXUS)
- State Street SPDR Portfolio Developed World ex-US ETF (SPDW)
Educational information, not investment advice. Disclaimer