Pacer Developed Markets International Cash Cows 100 ETF (ICOW) is a developed ex-US international ETF. As of October 9, 2026, ETF Copilot scores ICOW 4.1 out of 10 — highest on Risk (6.2), lowest on Growth (1.9). It trades at 12.7 times earnings, against its own median of 10.6. Its ten largest holdings are 23% of the fund.
What stands out in ICOW's data
Non-U.S. cash flow leaders, picked by free cash flow yield.
Trades at a lower price than the typical developed ex-U.S. fund — you get the same earnings for less upfront.
Its trailing P/E multiple of 12.7x sits below the category median of 16.1x. The fund charges 0.7% in annual fees.
A value-oriented sleeve for a developed ex-U.S. allocation, focused on cash-generating companies.
How is ICOW rated? ETF Copilot scores Pacer Developed Markets International Cash Cows 100 ETF (ICOW) 4.1 out of 10
As of October 9, 2026, ETF Copilot scores Pacer Developed Markets International Cash Cows 100 ETF (ICOW) 4.1 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.1 / 10
- Growth: 1.9 / 10
- Value: 2.7 / 10
- Risk: 6.2 / 10
- Quality: 4.8 / 10
- Return: 5.3 / 10
Is ICOW expensive right now? It trades at 12.7 times earnings, against its own median of 10.6
As of October 9, 2026, ICOW is more expensive than 78% of its own last 9 years.
Trailing 12 months, built from ICOW's holdings. How we calculate this →
What's inside ICOW?
What's inside ICOW: Size (Large 44%, Mid 55%, Small 1%); Geography (International 100%, US 0%); Tech 8.1%; Memory 1.1%.
What are ICOW's top holdings? The ten largest are 23% of the fund
Takeda Pharmaceutical, Vodafone, Shell, Agnico Eagle Mines, Kddi, Suncor Energy, Sony, DHL, BP and Yahoo Japan are ICOW's largest holdings, in that order.
More concentrated than 76% of Developed ex-US ETFs.
Half of ICOW's weight sits in its 27 largest positions, and once those weights are taken into account it behaves like 71 equally weighted holdings.
What is ICOW's expense ratio? 0.65% a year
As of October 9, 2026, ICOW charges 0.65% a year, yields 4.12% and holds $1.7B in assets across 103 positions.
| Measure | ICOW |
|---|---|
| Expense ratio | 0.65% |
| Dividend yield | 4.12% |
| Assets under management | $1.7B |
| Holdings | 103 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Pacer Developed Markets International Cash Cows 100 ETF (ICOW) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/icow
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