GCOW Fees and Costs — Pacer Global Cash Cows Dividend ETF
Data updated: 2026-09-29
The net expense ratio is 0.60%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.2M in broker commissions, 0.0441% of average net assets, and portfolio turnover was 64%.
GCOW Fees and Expenses
Annual operating expenses and sales charges of GCOW. Prospectus, as of August 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| 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 |
GCOW Costs Over Time
On $10,000 invested in GCOW, assuming 5% a year before costs, total costs come to $406 over 5 years, cutting the return by 0.68% 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 0.60%) | $63 | $197 | $343 |
| Trading costs (broker commissions) | $5 | $15 | $25 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $68 | $222 | $406 |
| Value after costs | $10,432 | $11,354 | $12,357 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
GCOW 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): 0.0441%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 64%
- Securities on loan, average value: $38.7M
- Net income from securities lending: $200K (0.008% of average net assets)
GCOW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $989K | 84.80% |
| JANE STREET EXECUTION SERVICES, LLC | $69K | 5.93% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $63K | 5.38% |
| BTIG, LLC | $21K | 1.80% |
| MIRAE ASSET SECURITIES (USA) INC. | $11K | 0.95% |
| CITIGROUP GLOBAL MARKETS INC. | $7K | 0.64% |
| J.P. MORGAN SECURITIES LLC | $3K | 0.23% |
| BARCLAYS CAPITAL INC. | $3K | 0.22% |
| VIRTU ITG LLC | $258 | 0.02% |
| KCG SECURITIES, LLC | $246 | 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.