A Daily Network publication
Explore the network
ETF Daily
The Definitive Daily Read on Exchange-Traded Funds
Sunday, August 23, 2026The Morning Brief →Sign in
QDPLPacer

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

$46.38+0.56% today
394752-WK

The index, as designed, has two components: an S&P 500 Index component and a dividend component consisting of long positions in annual futures contracts that provide exposure to ordinary dividends paid on the common stocks of companies included in the S&P 500. Under normal circumstances, at least 80% of the fund's net assets will be invested in large cap equity securities that are principally traded in the U.S. and derivatives based on those securities. It is non-diversified.

Price & daily flows
45.343.140.946.38DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +8.5% so far this year. At 0.79% a year it is not the cheapest way in — ESMV runs the same ground at 0.18%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$496Massets under management
0.79%expense ratio · $79 per $10,000 a year
net flow, trailing month
120Kavg daily volume, 30 days
513holdings
2021listed July 11, 2021 · beta 0.93
Sector weights
Technology32.41%
Information Technology31.66%
Other25.09%
Technology Services17.74%
Electronic Technology15.99%
Consumer Discretionary15.83%
Financials12.63%
Financial Services12.6%
Healthcare12.16%
Government11.01%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States99.37%
Other24.15%
Switzerland0.3%
Netherlands0.14%
United Kingdom0.1%
Bermuda0.09%
Canada0.07%
Ireland0.05%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-1.3%
1 month+3.1%
3 months+1.5%
6 months+8.9%
YTD+8.5%
1 year+13.2%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
11%realized volatility, 30 days (annualized)
13%realized volatility, 1 year
-9.4%deepest fall from a peak, 1 year
-1.3%where it sits vs. that peak today

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
calls today
puts today
put/call ratio
107Kshares traded
The case against QDPL

Due diligence cuts both ways. These funds sit on the same shelf and beat QDPL on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
ITOT iShares Core S&P Total U.S. Stock Market ETF0.03%$97.9B+$245M-76bp on fee · 198× the assets · +$245M in over the monthHead-to-head
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-74bp on fee · 259× the assets · +$547M in over the monthHead-to-head
IUSG iShares Core S&P U.S. Growth ETF0.04%$33.8B+$668M-75bp on fee · 68× the assets · +$668M in over the monthHead-to-head
IUSV iShares Core S&P U.S. Value ETF0.04%$28.1B+$103M-75bp on fee · 57× the assets · +$103M in over the monthHead-to-head
IVV iShares Core S&P 500 ETF0.03%$900.9B−$14.2B-76bp on fee · 1817× the assetsHead-to-head
Sign in to save this to The RecordA timestamped copy for the file — documentation, not advice.
InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
Every weekday · 6:30 a.m. ET

The Morning Brief

The private wealth industry in four minutes, every weekday at 6:30 a.m. ET. Free.