ETF Evaluator: Pacer Metaurus US Lg Cp Dvd Mltp 400 ETF () Follow This ETF

Pacer Metaurus US Lg Cp Dvd Mltp 400 ETF Overview

Pacer Metaurus US Lg Cp Dvd Mltp 400 ETF (QDPL) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). Pacer launched the ETF in 2021.

The investment seeks to track the total return performance, before fees and expenses, of the Metaurus U.S. Large Cap Dividend Multiplier Index - Series 400. 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.

About Pacer Metaurus US Lg Cp Dvd Mltp 400 ETF (QDPL)

There are 2 members of the management team with an average tenure of 5.05 years: Richard Silva (2021) and Brendan Greenwald (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Metaurus US LC Div Mul-Series 400 TR USD index with a weighting of 100%. Pacer Metaurus US Lg Cp Dvd Mltp 400 ETF has 521 securities in its portfolio. The top 10 holdings constitute 41.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Pacer Metaurus US Lg Cp Dvd Mltp 400 ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Pacer Metaurus US Lg Cp Dvd Mltp 400 ETF has 0.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 102.4% There is 0.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 7.4% (7.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Pacer Metaurus US Lg Cp Dvd Mltp 400 ETF has -9.7% of the portfolio in cash.

Assets Under Management

The fund has $1 billion in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

QDPL Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Pacer Metaurus US Lg Cp Dvd Mltp 400 ETF expense ratio is above average compared to funds in the Large Blend category. Pacer Metaurus US Lg Cp Dvd Mltp 400 ETF has an expense ratio of 0.60%, which is 45% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Pacer Metaurus US Lg Cp Dvd Mltp 400 ETF has a portfolio turnover rate of 6%, which indicates that it holds its assets around / 0.2 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.

Recently, in the month of July 2026, Pacer Metaurus US Lg Cp Dvd Mltp 400 ETF returned -0.1%, which earned it a grade of C, as the Large Blend category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Pacer Metaurus US Lg Cp Dvd Mltp 400 ETF has a trailing yield of 4.57%, which is above the 1.16% category average. The fund normally distributes its income monthly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Pacer Metaurus US Lg Cp Dvd Mltp 400 ETF Grades

Year to date, the ETF has returned 9.6%, 0.1 percentage points better than the category, which translates into a grade of C. The fund has returned 18.4% over the past year (grade of C), 17.8% over the past three years (grade of C) and 11.9% per year over the past five years (grade of C).

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