{
 "ticker": "PIEL",
 "name": "Pacer International Export Leaders ETF",
 "issuer": "Pacer",
 "desk": "themes",
 "url": "https://etfiq.com/funds/PIEL",
 "html": "https://etfiq.com/funds/PIEL",
 "markdown": "https://etfiq.com/funds/PIEL.md",
 "as_of": "2026-09-11",
 "verdict": "PIEL holds 100 stocks, and 100% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "0.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PIEL, already in the S&P 500: 0.0%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "100.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PIEL, active share vs the S&P 500: 100.0%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "45.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PIEL, top ten holdings: 45.7%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "+12.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PIEL, total return, since launch: +12.9%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "PIEL, net assets: $1m (SEC filing, whole fund, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.49%",
   "source": "485BPOS XBRL, Aug 27, 2026",
   "as_of": "2026-09-11",
   "sentence": "PIEL, expense ratio: 0.49% (485BPOS XBRL, Aug 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Reshoring and manufacturing",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Dec 23, 2025",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "3.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "99.2%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "45.7%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "100",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Apr 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "SK hynix Inc 9.8%, ASML Holding NV 6.1%, Novartis AG 4.9%, AstraZeneca PLC 4.6%, Roche Holding AG 4.5%, LVMH Moet Hennessy Louis Vuitt 3.5%, SAP SE 3.3%, Hermes International SCA 3.1%, BHP Group Ltd 3.1%, Industria de Diseno Textil SA 2.9%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22125.2%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.49%",
   "source": "485BPOS XBRL, Aug 27, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.49%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "PBPH 17%, CHPS 15%, BULD 15%, THNR 14%, FINE 13%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22121.0%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u22124.3 pts",
   "Gap to Nasdaq-100": "\u22120.2 pts"
  },
  {
   "window": "6 months",
   "Total return": "+15.3%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u22120.8 pts",
   "Gap to Nasdaq-100": "\u22125.4 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+12.9%",
   "S&P 500": "+11.7%",
   "Gap to S&P 500": "+1.2 pts",
   "Gap to Nasdaq-100": "\u22122.3 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of PIEL is in S&P 500 companies?",
   "a": "By its holdings filed for Apr 30, 2026, 0% of PIEL by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different."
  },
  {
   "q": "What does PIEL hold?",
   "a": "100 positions as filed for Apr 30, 2026, with the top ten at 46% of the fund. The largest are SK hynix Inc at 9.8%, ASML Holding NV at 6.1%, Novartis AG at 4.9%."
  },
  {
   "q": "Has PIEL beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 PIEL returned +12.9% with distributions reinvested, against +11.7% for the S&P 500, so it finished ahead of the index by 1.2 points."
  },
  {
   "q": "What does PIEL cost?",
   "a": "The prospectus expense ratio is 0.49% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.49%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}