Pacer US Large Cap Cash Cows Growth Leaders ETF

Pacer Funds Trust · 1 share class

U.S. equity index ETF
One fund, 1 share class:COWG
$2.17B NAV
102 positions · as of 2026-04-30 · filed 2026-06-29

Fund classification

Classified from what the fund holds · as of 2026 Q2

Pacer US Large Cap Cash Cows Growth Leaders ETF is a U.S. equity index ETF that tracks the Pacer US Large Cap Cash Cows Growth Leaders Index. 30% of COWG’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 95% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Index (passive)
Fund type
ETF
Features
Non-diversified

Fund profile

As filed in the prospectus · 2025 Q3

The Pacer US Large Cap Cash Cows Growth Leaders ETF (the Fund) is an exchange traded fund (ETF) that seeks to track the performance, before fees and expenses, of the Pacer US Large Cap Cash Cows Growth Leaders Index (the Index).

Strategy · summarised

The fund tracks the Pacer US Large Cap Cash Cows Growth Leaders Index, which selects the 100 largest-capitalization U.S. companies with the highest free cash flow margins, weights them by price momentum, and caps any single holding at 5%. The fund is non-diversified and may concentrate its assets in a smaller number of issuers than a diversified fund.

Expenses
0.49%one share class
Share classExpense ratio
COWG0.49%

Portfolio turnover 108.00% · as of 2025 Q3

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

101.57%
of net assets
Stocks99.95%
Cash & short-term1.62%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Information Technology47.8%
Health Care18.7%
Energy8.3%
Materials6.4%
7 smaller18.8%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
30%of stock holdings in top-quartile growers
covering 95% of the fund’s equity
Earnings growth
31%of stock holdings in top-quartile growers
covering 81% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 8 new8 exited

New: CGNX, AAPL, TKO, ISRG, IDXX, NBIX, SNPS, APPF

Exited: KEYS, AMGN, MNST, CELH, UNP, BMRN, OLED, TEAM

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+14.85%
3-year
+83.19%
5-year
42 of 60 months
Volatility
13.63%
Worst 3-yr fall
-9.07%
Cumulative return· May 2023 – Apr 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Onto Innovation IncONTO4.68%$101.71M
Lam Research CorpLRCX4.43%$96.46M
Southern Copper CorpSCCO3.14%$68.23M
KLA CorpKLAC2.98%$64.83M
United Therapeutics CorpUTHR2.52%$54.70M
Monolithic Power Systems IncMPWR2.44%$53.16M
Newmont CorpNEM2.18%$47.48M
Analog Devices IncADI2.09%$45.46M
Jazz Pharmaceuticals PLC1.99%$43.20M
Texas Pacific Land CorpTPL1.83%$39.79M
Showing 10 of 102Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.

Top 10 positions are 28.28% of net assets, top 25 49.41%, across 102 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

Sign in free