Pacer Global Cash Cows Dividend ETF stands out as a compelling global dividend and value play amid stretched S&P 500 valuations. GCOW's focus on high free cash flow yield and dividend yield stocks has driven nearly 181% total return since 2016, with income as the primary driver. With a 0.6% management fee, GCOW offers higher yield and trades at just 14.18x earnings, significantly below major global indices' valuations.