PWS Fees and Costs — Pacer WealthShield 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 $21K in broker commissions, 0.0726% of average net assets, and portfolio turnover was 664%.
PWS Fees and Expenses
Annual operating expenses and sales charges of PWS. 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 |
PWS Costs Over Time
On $10,000 invested in PWS, assuming 5% a year before costs, total costs come to $423 over 5 years, cutting the return by 0.71% 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) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $232 | $423 |
| Value after costs | $10,429 | $11,344 | $12,339 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
PWS 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): 0.0726%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $220.4M
- Portfolio turnover (prospectus): 664%
- Securities on loan, average value: $1.9M
- Net income from securities lending: $4K (0.013% of average net assets)
PWS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MIRAE ASSET SECURITIES (USA) INC. | $8K | 39.02% |
| BARCLAYS CAPITAL INC. | $3K | 16.53% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $3K | 14.44% |
| CITADEL SECURITIES LLC | $3K | 11.98% |
| VIRTU AMERICAS LLC | $2K | 10.36% |
| WALLACHBETH CAPITAL LLC | $2K | 7.20% |
| JANE STREET EXECUTION SERVICES, LLC | $57 | 0.27% |
| CITIGROUP GLOBAL MARKETS INC. | $28 | 0.13% |
| BTIG, LLC | $12 | 0.06% |
PWS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $220.4M | 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.