ETF Evaluator:
Pacer Nasdaq International Ptnt Ldrs ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Foreign Large Blend Over the Last Year
| 53.2% | Pacer Nasdaq International Ptnt Ldrs ETF (PATN) |
| 37.0% | Touchstone Dynamic International ETF (TDI) |
| 36.8% | Harbor International Equity ETF (EPIN) |
| 34.8% | First Eagle Overseas Equity ETF (FEOE) |
| 33.8% | Lazard International Dynamic Equity ETF (IDEQ) |
Risk
Index
Risk
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ETF Details
Pacer Nasdaq International Ptnt Ldrs ETF Overview
Pacer Nasdaq International Ptnt Ldrs ETF (PATN) is a passively managed International Equity Foreign Large Blend exchange-traded fund (ETF). Pacer launched the ETF in 2024.
The investment seeks to track the total return performance, before fees and expenses, of the Nasdaq International Patent Leaders Index.
The index is a rules-based full market capitalization-weighted index that consists of companies from the Nasdaq Global Ex United States Large Mid Cap Index with the most valuable patent portfolios. The fund will generally use a “replication” strategy to achieve its investment objective, meaning it will invest in all of the component securities of the index. The fund is non-diversified.
About Pacer Nasdaq International Ptnt Ldrs ETF (PATN)
There are 2 members of the management team with an average tenure of 1.93 years: Bruce Kavanaugh (2024) and Danke Wang (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Nasdaq Int Patent Leaders TR USD index with a weighting of 100%. Pacer Nasdaq International Ptnt Ldrs ETF has 107 securities in its portfolio. The top 10 holdings constitute 43.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Pacer Nasdaq International Ptnt Ldrs ETF is part of the Equity global asset class and is within the International Equity ETF group. Pacer Nasdaq International Ptnt Ldrs ETF has 99.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 99.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Pacer Nasdaq International Ptnt Ldrs ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $206 million in total assets, which is below the $9 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PATN Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Pacer Nasdaq International Ptnt Ldrs ETF expense ratio is above average compared to funds in the Foreign Large Blend category. Pacer Nasdaq International Ptnt Ldrs ETF has an expense ratio of 0.65%, which is 64% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Pacer Nasdaq International Ptnt Ldrs ETF has a portfolio turnover rate of 7%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 38% for the Foreign Large Blend category.
Recently, in the month of July 2026, Pacer Nasdaq International Ptnt Ldrs ETF returned -4.4%, which earned it a grade of F, as the Foreign Large Blend category had an average return of 1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Pacer Nasdaq International Ptnt Ldrs ETF has a trailing yield of 1.67%, which is below the 2.56% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Pacer Nasdaq International Ptnt Ldrs ETF Grades
Year to date, the ETF has returned 29.9%, 17.8 percentage points better than the category, which translates into a grade of A. The fund has returned 53.2% over the past year (grade of A).
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PATN Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PATN Return (NAV) | -4.4% | 10.0% | 53.2% | na | na | na |
| PATN Return (Price) | -7.3% | 6.4% | 49.6% | na | na | na |
| NAV +/- Price Return | 2.904% | 3.548% | 3.560% | na | na | na |
| Foreign Large Blend Avg | 1.1% | 4.4% | 25.0% | 16.4% | 9.2% | 9.3% |
| PATN Grade (NAV) | F | A | A | na | na | na |
| +/- Category (NAV) | -5.6% | 5.6% | 28.2% | na | na | na |
| PATN Tax-Cost Ratio | na | na | 0.9% | na | na | na |
PATN Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PATN Return (NAV) | 29.9% | 39.5% | na | na | na | na | na | na | na | na | na |
| PATN Return (Price) | 28.0% | 40.0% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.064% | 0.014% | na | na | na | na | na | na | na | na | na |
| Foreign Large Blend Avg | 12.1% | 31.2% | 5.2% | 16.9% | -14.7% | 10.3% | 8.8% | 22.0% | -13.2% | 24.6% | 1.9% |
| PATN Grade (NAV) | A | A | na | na | na | na | na | na | na | na | na |
| +/- Category | 17.8% | 8.3% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.7% |
| Total Assets: | $ 207 Mil |
| Share Class Assets: | $ 207 Mil |
| Turnover: | 7.0% |
| Expense Ratio: | 0.65% |
| Index Fund: | Yes |
| Index Tracked: | Nasdaq Int Patent Leaders TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.9 years | |||
| Average Tenure: 1.9 years | |||
| Managers (Year): Kavanaugh Bruce (2024), Wang Danke (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 107 |
| % in Top 10 Holdings: | 43.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 99.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 99.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Pacer |
| Phone Number: | 800-617-0004 |
| Website: | www.paceretfs.com |
| Inception Date: | September 16, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.40% |
