ECOW Fees and Costs — Pacer Emerging Markets Cash Cows 100 ETF
Data updated: 2026-09-29
The net expense ratio is 0.70%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $299K in broker commissions, 0.2309% of average net assets, and portfolio turnover was 80%.
ECOW Fees and Expenses
Annual operating expenses and sales charges of ECOW. Prospectus, as of August 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| 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 |
ECOW Costs Over Time
On $10,000 invested in ECOW, assuming 5% a year before costs, total costs come to $583 over 5 years, cutting the return by 0.98% 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 0.70%) | $74 | $229 | $398 |
| Trading costs (broker commissions) | $24 | $76 | $131 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $98 | $320 | $583 |
| Value after costs | $10,402 | $11,256 | $12,180 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
ECOW 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): 0.2309%
- Total broker commissions: $299K
- Bought from dealers (principal trades, not a cost): $1
- Portfolio turnover (prospectus): 80%
- Securities on loan, average value: $711K
- Net income from securities lending: $1K (0.001% of average net assets)
ECOW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $98K | 32.76% |
| BTIG, LLC | $67K | 22.33% |
| GOLDMAN SACHS & CO. LLC | $62K | 20.54% |
| WOODBURY FINANCIAL SERVICES INC. | $40K | 13.50% |
| CLSA AMERICAS LLC | $16K | 5.26% |
| SCOTIA CAPITAL (USA) INC. | $14K | 4.77% |
| J.P. MORGAN SECURITIES LLC | $2K | 0.79% |
| CITIGROUP GLOBAL MARKETS INC. | $75 | 0.03% |
| GRIFFINEST ASIA SECURITIES LLC | $32 | 0.01% |
ECOW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $1 | 100.00% |
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.