COWZ ETF — Pacer US Cash Cows 100 ETF

Pacer US Cash Cows 100 ETF (COWZ)

COWZ is an ETF that tracks the Basket (Pacer US Cash Cows 100 companies - selected for stable cash flow and value characteristics). As of August 19, 2026, its distribution rate is 0.64%, its trailing-12-month yield is 1.76%, its expense ratio is 0.49%. Dividend Vision Distribution Safety Score™ is 87/100 (Safe). Fund total return is 240.2% over the past 9.7 years, 55.0 points behind SPY at 295.2%.

At the current 0.64% distribution rate, a $10,000 investment would generate approximately $64 per year, or $5.33 per month on an equivalent basis. Actual quarterly payments vary.

Pacer US Cash Cows 100 ETF tracks a rules-based index of mid- and large-cap U.S. companies from the Russell 1000 selected for high free cash flow yields and healthy balance sheets, excluding financials and companies with negative free cash flow. The fund distributes quarterly and carries a modest current distribution rate with an expense ratio of 0.49%. It appeals to income investors seeking exposure to established companies with strong cash generation rather than high-dividend payers.

COWZ performance versus SPY

Data as of August 19, 2026.

Fund total return is 240.2% over the past 9.7 years, 55.0 points behind SPY at 295.2%. Its deepest 1-year drawdown was 6.1%.

COWZ key facts

Data as of August 19, 2026.

Distribution Safety Score™

87 · Safe

Safety-Adjusted Yield

0.56%

Issuer

Pacer

Asset type

ETF

Asset class

Equity

Inception date

12/16/2016

Expense ratio

0.49%

Distribution rate

0.64%

Distribution frequency

Quarterly

Trailing yield

1.76%

Last close

$70.42

AUM

$19,524,805,148

Average volume

815595.0

Last dividend

$0.1120

Ex-dividend date

06/04/2026

Payment date

06/08/2026

Beta

0.61

P/E ratio

18.5176

How Dividend Vision calculates yield and returns

Distribution rate (0.64%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.76%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Pacer fund page; Index: Basket (Pacer US Cash Cows 100 companies - selected for stable cash flow and value characteristics); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

COWZ risks and drawbacks

COWZ's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 6.1%.

Who may consider COWZ — and who may not

COWZ may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (COWZ pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Pacer.