ETF Evaluator: Pacer S&P 500 Qul FCF Aristocrats ETF (LCOW) Follow This ETF

Pacer S&P 500 Qul FCF Aristocrats ETF Overview

Pacer S&P 500 Qul FCF Aristocrats ETF (LCOW) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). Pacer launched the ETF in 2025.

The investment seeks to track the total return performance, before fees and expenses, of the S&P 500 Quality FCF Aristocrats Index. The index measures the performance of companies within the S&P 500 Index® (the “S&P 500”) that have had positive free cash flow (FCF) for at least 10 consecutive years and simultaneously have high FCF margin and high FCF return on invested capital (ROIC). Under normal circumstances, at least 80% of the fund’s net assets (plus any borrowings for investment purposes) will be invested in equity securities that are the component securities of the index. The fund is non-diversified.

About Pacer S&P 500 Qul FCF Aristocrats ETF (LCOW)

There are 2 members of the management team with an average tenure of 1.15 years: Bruce Kavanaugh (2025) and Danke Wang (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: S&P 500 QUALITY FCF ARISTOCRATS TR USD index with a weighting of 100%. Pacer S&P 500 Qul FCF Aristocrats ETF has 102 securities in its portfolio. The top 10 holdings constitute 46.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Pacer S&P 500 Qul FCF Aristocrats ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Pacer S&P 500 Qul FCF Aristocrats ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.9% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Pacer S&P 500 Qul FCF Aristocrats ETF has 0.1% of the portfolio in cash.

Assets Under Management

The fund has $26 million 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.

LCOW 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 S&P 500 Qul FCF Aristocrats ETF expense ratio is average compared to funds in the Large Blend category. Pacer S&P 500 Qul FCF Aristocrats ETF has an expense ratio of 0.49%, which is 17% higher than its category average, making the fund expense ratio grade a C. 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 S&P 500 Qul FCF Aristocrats ETF has a portfolio turnover rate of 15%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 162% for the Large Blend category.

Recently, in the month of June 2026, Pacer S&P 500 Qul FCF Aristocrats ETF returned 0.5%, which earned it a grade of B, as the Large Blend category had an average return of -0.0%. 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 S&P 500 Qul FCF Aristocrats ETF has a trailing yield of 0.63%, which is below the 1.12% category average. The fund normally distributes its income quarterly and its capital gains annually.

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 S&P 500 Qul FCF Aristocrats ETF Grades

Year to date, the ETF has returned 7.3%, 3.0 percentage points worse than the category, which translates into a grade of D. The fund has returned 18.4% over the past year (grade of D).

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