# Pacer Funds Trust - Pacer S&P 500 Quality FCF Aristocrats ETF (LCOW): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/lcow for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Pacer · Asset class: Equity - Strategy: Passive Index · Inception: 2025-05-06 LCOW tracks an index of US large-cap equities of companies with constant positive free cash flow (FCF). These securities are also determined as having high FCF margins and return on invested capital (ROIC). Selection begins with the initial index universe comprised of the 500 largest companies in the US equity market. Each company is screened to identify those with positive FCF for at least 10 consecutive years, with the exclusion of the real estate sector and certain financial sector industries. Qualified securities are then given an FCF score based on their five-year average FCF margin an... ## Key Facts | Metric | Value | |---|---| | Price | $26.97 | | Expense Ratio | 0.49% | | Assets Under Management | $27.8M | | NAV | $27.15 | | Holdings Count | 102 | | Distribution Yield (TTM) | 0.64% | | Annual Distribution (TTM) | $0.17 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $21.73 – $27.58 | | Beta | 0.88 | ## Latest Distribution - Amount: $0.0430 /share - Ex-date: 2026-09-03 - Pay date: 2026-09-08 ## Frequently Asked Questions ### What does LCOW invest in? LCOW tracks an index of US large-cap equities of companies with constant positive free cash flow (FCF). These securities are also determined as having high FCF margins and return on invested capital (ROIC). Selection begins with the initial index universe comprised of the 500 largest companies in the US equity market. Each company is screened to identify those with positive FCF for at least 10 consecutive years, with the exclusion of the real estate sector and certain financial sector industries. Qualified securities are then given an FCF score based on their five-year average FCF margin and ROIC and ranked accordingly. The top 100 companies with the highest scores are selected for inclusion in the index. Weighting is done based on float-adjusted market-cap along with the respective FCF score. Each constituent weighting is capped at 5% max and floored at 0.05%. Sector weighting is also capped at 40% each. The index is reconstituted and rebalanced on a semi-annual basis. ### What is the expense ratio of LCOW? Pacer Funds Trust - Pacer S&P 500 Quality FCF Aristocrats ETF (LCOW) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is LCOW? Pacer Funds Trust - Pacer S&P 500 Quality FCF Aristocrats ETF (LCOW) manages $27.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is LCOW actively managed or an index fund? LCOW is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (LCOW's is 0.49%) because there's no security selection cost. ### When was LCOW launched? Pacer Funds Trust - Pacer S&P 500 Quality FCF Aristocrats ETF (LCOW) launched in May 2025 and is managed by Pacer. ### How has LCOW performed? LCOW's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does LCOW pay a dividend? Pacer Funds Trust - Pacer S&P 500 Quality FCF Aristocrats ETF (LCOW) currently distributes little or no income. Trailing-twelve-month yield is 0.64%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does LCOW pay dividends? Pacer Funds Trust - Pacer S&P 500 Quality FCF Aristocrats ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is LCOW's dividend yield? LCOW's trailing-twelve-month yield is 0.64%, calculated from the sum of dividends over the past year divided by the current price. ### When is LCOW's next ex-dividend date? The most recently announced ex-dividend date for LCOW was 2026-09-03. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will LCOW's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.49% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does LCOW charge its expense ratio? The expense ratio is deducted in tiny daily slices from LCOW's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does LCOW cost more than a fund like VOO? LCOW is a passive index fund (current expense ratio 0.49%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to LCOW? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as LCOW (0.49%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/lcow - Distribution history: https://www.dividenddata.com/funds/lcow/dividend - Holdings & diversification: https://www.dividenddata.com/funds/lcow/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/lcow/expenses - Peer comparison: https://www.dividenddata.com/funds/lcow/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.