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MILK ETF · Pacer US Cash Cows Bond ETF
The MILK Exchange Traded Fund (ETF) is provided by PACER ETFs. It is built to track an index: Solactive Pacer US Cash Cows Bond Index. The MILK ETF provides physical exposure, so by buying it you actually own parts of all the 101 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofUS Corporate IG Bonds1M perf.-1.27%
Last price
$24.08
1M perf.
-2.76%
1M flows
+€2.6M
AuM
€13M
E/R
0.49%
Rating
Not rated
ESG Consensus®
MILK
$24.08
Performance & flows
Segment for quartile rank
December 15, 2025 → March 13, 2026
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MILK
$24.12
-0.63%
US Corporate IG Bonds
-0.06%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -2.76%  | -0.64% | +5.25%  | N/A | N/A | -2.88% | -0.96% | -0.96% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
Issuer
CUSIP
69374H279
ISIN
US69374H2792
AuM
€13M
E/R
0.49%
Replication rating
Not rated
ESG Consensus®
More details
NAV
3/13/2026
$24.12
1D NAV change
-0.37%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
101
Inception date
12/17/2024
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Investment Company
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
Solactive Pacer US Cash Cows Bond Index
Asset class
Factors
N/A
Investment strategy
The Pacer US Cash Cows Bond ETF (the “Fund”) employs a “passive management” (or indexing) investment approach designed to track the total return performance, before fees and expenses, of the Solactive Pacer US Cash Cows Bond Index (the “Index”).
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
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Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -0.64% | +5.25% | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Countries
USA
93.37%
Switzerland
4.08%
Unavailable
2.55%
Sectors
Oil and gas extraction and refining
17.09%
Food and beverage production
11.40%
Pharmaceutical preparation and biotechnology
10.05%
It services and computer programming
5.60%
Motor vehicle production
5.07%
Medical services
4.79%
Tobacco
3.97%
Manufacture of miscellaneous consumer goods
3.94%
Unavailable
13.16%
Other
24.93%
Diversification
Total weight of top 15 holdings out of 101
Top 15 holdings
Data as of January 31, 2026
Organon & Co., 5.125% 30apr2031, USD
Chord Energy, 6.75% 15mar2033, USD
Coterra Energy, 5.6% 15mar2034, USD (L)
Ford Motor Credit Company, 6.125% 8mar2034, USD
Aptiv, 5.15% 13sep2034, USD
Tapestry, 5.5% 11mar2035, USD
Arrow Electronics, 2.95% 15feb2032, USD
Dentsply Sirona, 3.25% 1jun2030, USD
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Royalty Pharma, 3.3% 2sep2040, USD
Southwestern Energy, 5.375% 15mar2030, USD
US403949AT72
Occidental Petroleum, 6.2% 15mar2040, USD
Organon & Co., 7.875% 15may2034, USD
Biogen, 5.2% 15sep2045, USD
Aptiv, 4.15% 1may2052, USD
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Integrates ESG criteria
No
SDG
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Solactive Pacer US Cash Cows Bond GTR Index - USD
Index ticker
MILKTR Index
Index dividend policy
GTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
PACER ETFs
PACER ETFs ID Card
Number of funds
63
Total AuM
€33.71B
Expense ratio range
0.49% - 0.85%
Average expense ratio
0.5989%
Top 5 funds by PACER ETFs
| AuM | ||
|---|---|---|
COWZ | Pacer US Cash Cows 100 ETF | €15.8B |
CALF | Pacer US Small Cap Cash Cows 100 ETF | €2.82B |
GCOW | Pacer Global Cash Cows Dividend ETF | €2.74B |
PTLC | Pacer Trendpilot US Large Cap ETF | €2.72B |
COWG | Pacer US Large Cap Cash Cows Growth Leaders ETF | €1.86B |
Frequently asked questions about MILK
What does Pacer US Cash Cows Bond ETF, MILK, invest in?
MILK is a Passive ETF. This ETF provides exposure to US Investment Grade Corporate Bonds.
Which benchmark or index does MILK replicate?
MILK tracks the Solactive Pacer US Cash Cows Bond GTR Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of MILK?
MILK carries a total expense ratio (TER) of 0.49%, indicating the annual cost for holding the fund.
When was MILK launched?
MILK was introduced to the market on December 17, 2024. It trades on United States
Who is the ETF issuer of MILK?
Pacer US Cash Cows Bond ETF, MILK, is provided by PACER ETFs. Learn more about PACER ETFs here.
What is the current assets under management (AUM) of MILK?
MILK oversees €13M in assets as of March 13, 2026.
How has MILK performed lately?
Based on data from March 13, 2026, MILK returned -2.76% over the past month, -0.64% over the last three months and -0.96% year-to-date.
What are the latest inflows or outflows for MILK?
As of March 13, 2026, MILK recorded net flows of +€2.5M over the last month and +€7.5M year-to-date.
Does MILK distribute dividends?
MILK follows a distributing dividend policy, meaning it pays out income to investors. As of March 13, 2026, its 12-month trailing yield was 6.96%.
What are the main country or region exposures of MILK?
As of January 31, 2026, MILK has significant geographic allocations in USA and Switzerland.
In which sector or theme does MILK invest in?
As of January 31, 2026, MILK focuses largely on Oil and gas extraction and refining, Food and beverage production and Pharmaceutical preparation and biotechnology.
How many securities does MILK hold and how diversified is it?
As of January 31, 2026, MILK holds 101 positions in its portfolio, with 15.46% of assets concentrated in its top 15 holdings.
What are the main positions in MILK?
As of January 31, 2026, MILK top three holdings include Organon & Co., 5.125% 30apr2031, USD, Chord Energy, 6.75% 15mar2033, USD and Coterra Energy, 5.6% 15mar2034, USD (L).
What is the base currency of MILK?
The base currency of MILK is USD.
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