RTL Fees and Costs — Pacer Benchmark Retail Real Estate SCTR ETF
Data updated: 2020-07-14
The net expense ratio is 0.60%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $564 in broker commissions, 0.0334% of average net assets, and portfolio turnover was 60%.
RTL Fees and Expenses
Annual operating expenses and sales charges of RTL. Prospectus, as of August 31, 2019.
| 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 |
RTL Costs Over Time
On $10,000 invested in RTL, assuming 5% a year before costs, total costs come to $399 over 5 years, cutting the return by 0.67% 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 | $344 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $67 | $219 | $399 |
| Value after costs | $10,433 | $11,358 | $12,364 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
RTL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0334%
- Total broker commissions: $564
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 60%
- Securities on loan, average value: $115K
- Net income from securities lending: $619 (0.037% of average net assets)
RTL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $378 | 67.26% |
| BTIG, LLC | $97 | 17.26% |
| RBC CAPITAL MARKETS, LLC | $49 | 8.72% |
| MISCHLER FINANCIAL GROUP, INC. | $32 | 5.69% |
| VIRTU AMERICAS LLC | $6 | 1.07% |
| J.P. MORGAN SECURITIES LLC | $0 | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.