# Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/qdpl 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: 2021-07-12 This exchange-traded fund utilizes a specific investment strategy to generate cash payouts equivalent to four times the standard dividend yield of the S&P 500. This increased income stream comes with a trade-off: investors will have moderately lower participation, around 89%, in the broader S&P 500 Index's performance. ## Key Facts | Metric | Value | |---|---| | Price | $45.67 | | Expense Ratio | 0.60% | | Assets Under Management | $1.83B | | NAV | $45.64 | | Holdings Count | 519 | | Distribution Yield (TTM) | 4.55% | | Annual Distribution (TTM) | $2.08 /share | | Distribution Frequency | Monthly | | 52-Week Range | $39.12 – $47.12 | | Beta | 0.91 | ## Latest Distribution - Amount: $0.1885 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-01 ## Frequently Asked Questions ### What does QDPL invest in? This exchange-traded fund utilizes a specific investment strategy to generate cash payouts equivalent to four times the standard dividend yield of the S&P 500. This increased income stream comes with a trade-off: investors will have moderately lower participation, around 89%, in the broader S&P 500 Index's performance. ### What is the expense ratio of QDPL? Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) charges an expense ratio of 0.60%. This is the annual fee deducted from fund assets to cover management and operations. ### What is QDPL's dividend yield? QDPL's trailing-twelve-month yield is 4.55%, calculated from the sum of dividends over the past year divided by the current price. ### How big is QDPL? Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) manages $1.83B 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 QDPL actively managed or an index fund? QDPL 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 (QDPL's is 0.60%) because there's no security selection cost. ### When was QDPL launched? Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) launched in July 2021 and is managed by Pacer. ### Does QDPL pay a dividend? Yes, Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) distributes dividends to shareholders. The trailing-twelve-month yield is 4.55%. Full dividend history is on this page. ### How often does QDPL pay dividends? Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is QDPL's next ex-dividend date? The most recently announced ex-dividend date for QDPL was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will QDPL's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.60% 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 QDPL charge its expense ratio? The expense ratio is deducted in tiny daily slices from QDPL'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 QDPL cost more than a fund like VOO? QDPL is a passive index fund (current expense ratio 0.60%). 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 QDPL? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as QDPL (0.60%) 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/qdpl - Distribution history: https://www.dividenddata.com/funds/qdpl/dividend - Holdings & diversification: https://www.dividenddata.com/funds/qdpl/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/qdpl/expenses - Peer comparison: https://www.dividenddata.com/funds/qdpl/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.