HERD Fees and Costs — Pacer Cash Cows Fund of Funds ETF
Data updated: 2026-09-29
The net expense ratio is 0.74%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2K in broker commissions, 0.0023% of average net assets, and portfolio turnover was 6%.
HERD Fees and Expenses
Annual operating expenses and sales charges of HERD. Prospectus, as of August 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.74% |
| Fee waiver | — |
| Net expense ratio | 0.74% |
| 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 |
HERD Costs Over Time
On $10,000 invested in HERD, assuming 5% a year before costs, total costs come to $467 over 5 years, cutting the return by 0.78% 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 0.74%) | $78 | $243 | $423 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $256 | $467 |
| Value after costs | $10,422 | $11,320 | $12,296 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
HERD 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): 0.0023%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 6%
- Securities on loan, average value: $11.0M
- Net income from securities lending: $109K (0.124% of average net assets)
HERD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MIRAE ASSET SECURITIES (USA) INC. | $667 | 32.81% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $495 | 24.35% |
| JANE STREET EXECUTION SERVICES, LLC | $482 | 23.71% |
| VIRTU AMERICAS LLC | $389 | 19.13% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.