{
 "ticker": "FOWF",
 "name": "Pacer Solactive Whitney Future of Warfare ETF",
 "issuer": "Pacer",
 "desk": "themes",
 "url": "https://etfiq.com/funds/fowf",
 "html": "https://etfiq.com/funds/fowf",
 "markdown": "https://etfiq.com/funds/fowf.md",
 "as_of": "2026-09-11",
 "verdict": "FOWF holds 86 stocks, and 26% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "73.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FOWF, already in the S&P 500: 73.5%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "88.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FOWF, active share vs the S&P 500: 88.4%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "46.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FOWF, top ten holdings: 46.9%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+13.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FOWF, total return, 1 year: +13.3%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$15m",
   "source": "the issuer own daily fund list, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "FOWF, net assets: $15m (the issuer own daily fund list, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.49%",
   "source": "485BPOS XBRL, Feb 27, 2026",
   "as_of": "2026-09-11",
   "sentence": "FOWF, expense ratio: 0.49% (485BPOS XBRL, Feb 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Defense",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Dec 18, 2024",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "73.5%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "88.4%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "13.7%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "90.5%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "46.9%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "86",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Apr 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "General Dynamics Corp 7.5%, Boeing Co/The 7.5%, RTX Corp 6.8%, Lockheed Martin Corp 6.4%, Northrop Grumman Corp 5.6%, BAE Systems PLC 4.0%, L3Harris Technologies Inc 3.2%, Dell Technologies Inc 2.1%, Leidos Holdings Inc 2.1%, Honeywell International Inc 1.7%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$15m",
   "source": "the issuer own daily fund list, as of Sep 11, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22128.0%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.49%",
   "source": "485BPOS XBRL, Feb 27, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.55%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "NATO 40%, SHLD 39%, PPA 39%, WDGF 36%, MISL 34%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+1.5%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u22121.8 pts",
   "Gap to Nasdaq-100": "+2.3 pts"
  },
  {
   "window": "6 months",
   "Total return": "+3.2%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u221212.8 pts",
   "Gap to Nasdaq-100": "\u221217.5 pts"
  },
  {
   "window": "1 year",
   "Total return": "+13.3%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "\u22124.2 pts",
   "Gap to Nasdaq-100": "\u22129.6 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+44.1%",
   "S&P 500": "+33.0%",
   "Gap to S&P 500": "+11.0 pts",
   "Gap to Nasdaq-100": "+4.4 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of FOWF is in S&P 500 companies?",
   "a": "By its holdings filed for Apr 30, 2026, 74% of FOWF by weight is stocks the S&P 500 already holds. Its active share against the index is 88%, so that share is the part doing something different."
  },
  {
   "q": "What does FOWF hold?",
   "a": "86 positions as filed for Apr 30, 2026, with the top ten at 47% of the fund. The largest are General Dynamics Corp at 7.5%, Boeing Co/The at 7.5%, RTX Corp at 6.8%."
  },
  {
   "q": "Has FOWF beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 FOWF returned +13.3% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 4.2 points."
  },
  {
   "q": "What does FOWF cost?",
   "a": "The prospectus expense ratio is 0.49% a year. Because 88% of the fund differs from the S&P 500, the fee on that differing part works out at 0.55%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}