COWG Fees and Costs — Pacer US Large Cap Cash Cows Growth Leaders ETF
Data updated: 2026-09-29
The net expense ratio is 0.49%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $577K in broker commissions, 0.0254% of average net assets, and portfolio turnover was 110%.
COWG Fees and Expenses
Annual operating expenses and sales charges of COWG. Prospectus, as of August 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.49% |
| Fee waiver | — |
| Net expense ratio | 0.49% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
COWG Costs Over Time
On $10,000 invested in COWG, assuming 5% a year before costs, total costs come to $326 over 5 years, cutting the return by 0.54% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $3 | $8 | $15 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $54 | $178 | $326 |
| Value after costs | $10,446 | $11,398 | $12,437 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
COWG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0254%
- Total broker commissions: $577K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 110%
- Securities on loan, average value: $50.5M
- Net income from securities lending: $80K (0.004% of average net assets)
COWG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WOLVERINE EXECUTION SERVICES, LLC | $197K | 34.16% |
| J.P. MORGAN SECURITIES LLC | $153K | 26.57% |
| RBC CAPITAL MARKETS, LLC | $125K | 21.67% |
| MIRAE ASSET SECURITIES (USA) INC. | $88K | 15.30% |
| GOLDMAN SACHS & CO. LLC | $7K | 1.25% |
| BARCLAYS CAPITAL INC. | $2K | 0.42% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $2K | 0.33% |
| WALLACHBETH CAPITAL LLC | $1K | 0.20% |
| VIRTU AMERICAS LLC | $386 | 0.07% |
| TELSEY ADVISORY GROUP LLC | $123 | 0.02% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.