ICOW Fees and Costs — Pacer Developed Markets International Cash Cows 100 ETF
Data updated: 2026-09-29
The net expense ratio is 0.65%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.1M in broker commissions, 0.0821% of average net assets, and portfolio turnover was 74%.
ICOW Fees and Expenses
Annual operating expenses and sales charges of ICOW. Prospectus, as of August 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| 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 |
ICOW Costs Over Time
On $10,000 invested in ICOW, assuming 5% a year before costs, total costs come to $460 over 5 years, cutting the return by 0.77% 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 0.65%) | $68 | $214 | $371 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $252 | $460 |
| Value after costs | $10,423 | $11,324 | $12,302 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
ICOW 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): 0.0821%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 74%
- Securities on loan, average value: $12.0M
- Net income from securities lending: $81K (0.006% of average net assets)
ICOW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $775K | 69.13% |
| GOLDMAN SACHS & CO. LLC | $313K | 27.90% |
| MIRAE ASSET SECURITIES (USA) INC. | $27K | 2.37% |
| CITIGROUP GLOBAL MARKETS INC. | $5K | 0.44% |
| BARCLAYS CAPITAL INC. | $758 | 0.07% |
| J.P. MORGAN SECURITIES LLC | $417 | 0.04% |
| BOFA SECURITIES INC. | $413 | 0.04% |
| SAMSUNG SECURITIES (AMERICA), INC. | $176 | 0.02% |
| WALLACHBETH CAPITAL LLC | $47 | 0.00% |
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.