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Q: COWZ seems to have outperformed broader indexes like SPY and RSP. It seems to have outperformed several other factor or other specialized ETFs like SCHD and JEPI. I say ‘seems’ because neither RBC-DI nor iTRADE charts identify if dividends are included in the stock charts depicted on their respective platforms.

I am puzzled because COWZ trades more than broader ETFs and has higher trading fees ; also its MER is higher at 0.49 (source ETF.com). Am I missing something or is COWZ indeed a good vehicle for a portfolio? Would you top up existing positions in JEP and SCHEDULED or start a modest position in COWZ? I would appreciate if you would add color to your answer.
Read Answer Asked by Adam on February 24, 2023
Q: Dear 5i,
COWZ is a US listed ETF which attempts to select the highest FCF Yield companies from the Russel 1000 index. The reported ETF Operating Expenses are 0.49% and the latest reported portfolio turnover is over 100%.
It seems that US listed ETF's do not provide TER fees in any of there documentation. I would like to know the impact of excessive trading has on the overall Total Return for an ETF. Am I correct in that US ETF's are not required to disclose TER fees?
Read Answer Asked by Ian on September 14, 2022
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