Key stats
About Pacer Funds Trust Pacer US Cash Cows Bond ETF
Home page
Inception date
Dec 17, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Pacer Advisors, Inc.
Distributor
Pacer Financial, Inc.
MILK is passively managed to mirror the total return performance, before fees and expenses, of the Solactive Pacer US Cash Cows Bond Index. This index is crafted using a proprietary methodology which tracks corporate bonds from companies linked to Pacer US Cash Cows 100 and Pacer US Large Cap Cash Cows Growth Leaders Indices. These indices focus on firms with high free cash flow yield and margins, termed cash cows. The index includes USD-denominated bonds meeting criteria like maturity over one year and high credit ratings. It excludes bonds rated below single B. An optimization process selects bonds to maximize yield while maintaining duration and sector parity with traditional bond indices. Equal weighting limits issuers to 4% and individual bonds to 1%. The index reconstitutes annually and rebalances monthly. MILK is non-diversified, which means it may concentrate investments if the index does so, holding securities from fewer issuers than diversified funds.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate97.84%
Cash2.16%
Stock breakdown by region
North America97.05%
Europe1.91%
Middle East1.03%
Latin America0.00%
Asia0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MILK last dividends amounted to 0.11 USD. The month before, the issuer paid 0.08 USD in dividends, which shows a 26.94% increase.
MILK assets under management is 4.89 M USD. It's risen 2.76% over the last month.
MILK fund flows account for 4.87 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MILK pays dividends to its holders with the dividend yield of 5.08%. The last dividend (May 27, 2025) amounted to 0.11 USD. The dividends are paid monthly.
MILK shares are issued by Pacer Advisors, Inc. under the brand Pacer. The ETF was launched on Dec 17, 2024, and its management style is Passive.
MILK expense ratio is 0.49% meaning you'd have to pay 0.49% of your investment to help manage the fund.
MILK follows the Solactive Pacer US Cash Cows Bond Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MILK invests in bonds.
MILK price has risen by 2.33% over the last month, and its yearly performance shows a −1.42% decrease. See more dynamics on MILK price chart.
NAV returns, another gauge of an ETF dynamics, showed a 0.29% increase in three-month performance and has increased by 2.05% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 0.29% increase in three-month performance and has increased by 2.05% in a year.
MILK trades at a premium (0.22%) meaning the ETF is trading at a higher price than the calculated NAV.