0001104659-19-058774.txt : 20191101 0001104659-19-058774.hdr.sgml : 20191101 20191101104158 ACCESSION NUMBER: 0001104659-19-058774 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 15 FILED AS OF DATE: 20191101 DATE AS OF CHANGE: 20191101 EFFECTIVENESS DATE: 20191101 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pacific Global ETF Trust CENTRAL INDEX KEY: 0001747688 IRS NUMBER: 831112323 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-227097 FILM NUMBER: 191185577 BUSINESS ADDRESS: STREET 1: 700 NEWPORT CENTER DRIVE CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 949-219-3391 MAIL ADDRESS: STREET 1: 700 NEWPORT CENTER DRIVE CITY: NEWPORT BEACH STATE: CA ZIP: 92660 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pacific Global ETF Trust CENTRAL INDEX KEY: 0001747688 IRS NUMBER: 831112323 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-23376 FILM NUMBER: 191185578 BUSINESS ADDRESS: STREET 1: 700 NEWPORT CENTER DRIVE CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 949-219-3391 MAIL ADDRESS: STREET 1: 700 NEWPORT CENTER DRIVE CITY: NEWPORT BEACH STATE: CA ZIP: 92660 0001747688 S000063508 Pacific Global US Equity Income ETF C000205763 Pacific Global US Equity Income ETF USDY 485BPOS 1 a19-20823_6485bpos.htm POST-EFFECTIVE AMENDMENT FILED PURSUANT TO SECURITIES ACT RULE 485(B)

As filed with the Securities and Exchange Commission on November 1, 2019.

File No. 333-227097
File No. 811-23376

 
 
 

 

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-1A

 

  

x

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

   

o

 

Pre-Effective Amendment No.

x

 

Post-Effective Amendment No. 14 

 

and/or

 

  

x

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

   

x

 

Amendment No. 17

 

PACIFIC GLOBAL ETF TRUST
(Exact Name of Registrant as Specified in Charter)

 

840 Newport Center Drive, 7th Floor
Newport Beach, California 92660
(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s Telephone Number, including Area Code: (949) 219-3391

 

National Registered Agents, Inc.
160 Greentree Drive, Suite 101
Dover, DE 19904
(Name and address of agent for service)

 

Copies of communications to:


 

J.G. Lallande, Esq.

Assistant Vice President & Counsel

Pacific Global Asset Management LLC

840 Newport Center Drive, 7th Floor

Newport Beach, CA 92660

 

Bibb L. Strench, Esq.
Thompson Hine LLP
1919 M Street, N.W., Suite 700
Washington, D.C. 20036-1600

 

Approximate Date of Proposed Public Offering:

It is proposed that this filing will become effective (check appropriate box)

x Immediately upon filing pursuant to paragraph (b)

o on [ ] pursuant to paragraph (b)

o 60 days after filing pursuant to paragraph (a)(1)

o on [ ] pursuant to paragraph (a)(1)

o 75 days after filing pursuant to paragraph (a)(2)

o on [ ] pursuant to paragraph (a)(2) of Rule 485.

If appropriate, check the following box:

o This post-effective amendment designated a new effective date for a previously filed post-effective amendment.

 

 
 

EXPLANATORY NOTE

This Post-Effective Amendment No. 14 to the Trust’s Registration Statement on Form N-1A is filed for the sole purpose of submitting the XBRL exhibits for the risk/return summary provided in Post-Effective Amendment No. 11 filed on October 28, 2019, and incorporates Part A, B and C from said amendment.


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Post-Effective Amendment to its Registration Statement under Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Newport Beach, and State of California, on the 1st day of November, 2019.

   

 

Pacific Global ETF Trust

 

(Registrant)

 

 

 

 

By:

/s/ J.G. Lallande

 

Name: 

 J.G. Lallande

 

Title:

Vice President

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed below by the following persons in the capacities indicated on November 1, 2019.

     

Signature

 

Title

 

Date

 /s/ Michael Skillman*

 

President and Chief Executive Officer

 

November 1, 2019

Michael Skillman

 

 

 

 

 

 

 

 

 

/s/ Kevin Byrne*

 

Trustee and Chairman of the Board

 

November 1, 2019

Kevin Byrne

    
     

/s/ Sharon Cheever*

 

Trustee

 

November 1, 2019

Sharon Cheever

    
     

/s/ D. Robinson Cluck*

 

Trustee

 

November 1, 2019

D. Robinson Cluck

    
     

/s/ Robert J. Blattenberg*

 

Trustee

 

November 1, 2019

Robert J. Blattenberg

 

     

  

 

 

 

  

/s/ John C. Siciliano*

 

Trustee

 

November 1, 2019

John C. Siciliano

    
     

/s/ Joshua Schwab*

 

Treasurer and Principal Financial Officer

 

November 1, 2019

Joshua Schwab

    
     

*By: /s/ J.G. Lallande

J.G. Lallande, Attorney-in-Fact, pursuant to Powers of Attorney previously filed on February 1, 2019 to the Registrant’s Registration Statement in Pre-Effective Amendment No. 2, which is hereby incorporated by reference.


Exhibit Index

  

Ex-101.ins

XBRL Instance Document

Ex-101.sch

XBRL Taxonomy Extension Schema Document

Ex-101.cal

XBRL Taxonomy Extension Calculation Linkbase Document

Ex-101.lab

XBRL Taxonomy Extension Labels Linkbase

Ex-101.pre

XBRL Taxonomy Extension Presentation Linkbase Document

Ex-101.def

XBRL Taxonomy Extension Definition Linkbase


EX-101.INS 2 ck0001747688-20191028.xml XBRL INSTANCE DOCUMENT 0001747688 2019-06-30 2019-06-30 0001747688 ck0001747688:S000063508Member 2019-06-30 2019-06-30 0001747688 ck0001747688:S000063508Member ck0001747688:C000205763Member 2019-06-30 2019-06-30 iso4217:USD xbrli:pure "Other expenses" are based on estimated amounts for the current fiscal year and are calculated as a percentage of the Fund's net assets. false 2019-10-28 2019-10-28 2019-06-30 485BPOS 0001747688 N-1A 2019-10-28 Pacific Global ETF Trust Pacific Global US Equity Income ETF USDY Investment Objective <p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">Pacific Global US Equity Income ETF (&#8220;Fund&#8221;) seeks income and long-term growth of capital.</font></p> Fund Fees and Expenses <p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">The table below describes the fees and expenses that you pay if you buy and hold shares of the Fund (&#8220;Shares&#8221;). Investors may pay brokerage commissions on their purchases and sales of Shares. These costs are not included in the expense example below.</font></p> 0.00 0.0029 0.0000 0.0000 0.0029 ~ http://www.Pacific.com/20191028/role/ScheduleShareholderFees20001 column dei_LegalEntityAxis compact ck0001747688_S000063508Member row primary compact * ~ ~ http://www.Pacific.com/20191028/role/ScheduleAnnualFundOperatingExpenses20002 column dei_LegalEntityAxis compact ck0001747688_S000063508Member row primary compact * ~ Investors may pay brokerage commissions on their purchases and sales of Shares. &#8220;Other expenses&#8221; are based on estimated amounts for the current fiscal year and are calculated as a percentage of the Fund&#8217;s net assets. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Shareholder Fees (fees paid directly from your investment) Example <p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds. This example does not take into account brokerage commissions that you pay when purchasing or selling Shares.</font></p> <br/><p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your Shares at the end of those periods. The example also assumes that your investment has a 5% annual return and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:</font></p> 30 93 ~ http://www.Pacific.com/20191028/role/ScheduleExpenseExample20003 column dei_LegalEntityAxis compact ck0001747688_S000063508Member row primary compact * ~ Portfolio Turnover <p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">The Fund pays transaction costs, such as commissions, when it purchases and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may result in higher transaction costs and higher taxes when Shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses table or in the Example above, may affect the Fund&#8217;s performance. During the most recent fiscal period, from February&#160;11, 2019 (commencement of operations) to June&#160;30, 2019, the Fund&#8217;s portfolio turnover rate was 21% of the average value of the portfolio. </font></p> 0.21 Principal Investment Strategies of the Fund <p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">Under normal circumstances, the Fund seeks to achieve its investment objective by investing in common stocks of U.S. companies that have above average dividend yield and that demonstrate financial strength, which are high quality companies with strong balance sheets, predictable earnings and cash flow growth,</font> <font style="font-size:10.0pt; font-family: Times New Roman;">and a history of dividend growth. The Fund primarily invests in common stocks of large capitalization companies (i.e., companies with capitalization of at least $50 billion), including REITs. When selecting portfolio companies, Cadence Capital Management LLC (the &#8220;Sub-Adviser&#8221;) emphasizes companies that have a history of paying and/or growing dividends. The Fund may sell a security when the Sub-Adviser believes that the company&#8217;s fundamentals have deteriorated, if the company decreases or discontinues its dividends, or if the stock has become overvalued in the opinion of the Sub-Adviser. Under normal circumstances, the Fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in equity securities of U.S. companies that pay regular dividends.</font></p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">In making investment decisions for the Fund, the Sub-Adviser considers dividend-paying companies in the Russell 1000</font><font style="font-size:6.5pt;position:relative;top:-3.0pt;">&#174;</font>&#160;Index and stocks of companies similar to those in the Russell 1000<font style="font-size:6.5pt;position:relative;top:-3.0pt;">&#174;</font>&#160;Index. The Sub-Adviser uses a rules-based approach that ranks the stocks in this universe based on dividend-paying criteria and financial quality characteristics such as the company&#8217;s history in meeting earnings, dividend targets and earnings quality.</p> <br/><p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">The Sub-Adviser weights the Fund&#8217;s portfolio based on the market capitalization of each portfolio security, adjusted from time to time to update the market capitalization of such portfolio security, where the maximum individual security weight at portfolio creation or rebalancing is capped at 1.25%. Modifications to constituent weights, including the maximum position size, may be included in order to help achieve risk, return, or portfolio objectives. Generally, the Fund will hold approximately 200-450 securities. Each of the consumer discretionary, consumer staples, financial services and industrial, information technology sectors may represent a significant portion of the Fund&#8217;s investment portfolio. </font></p> <br/><p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">The Sub-Adviser employs an &#8220;active management&#8221; investment strategy in seeking to achieve the Fund&#8217;s investment objective. The portfolio will be reconstituted and rebalanced quarterly, if necessary. Rebalancing frequency may be modified based on periodic and systematic portfolio review.</font></p> Principal Risks of Investing in the Fund <p style="margin:0in 0in .0001pt;"><b><i><font style="font-size:10.0pt;font-style:italic;font-weight:bold; font-family: Times New Roman;">There is no assurance that the Fund will meet its investment objective. The value of your investment in the Fund, as well as the amount of return you receive on your investment in the Fund, may fluctuate significantly. You may lose part or all of your investment in the Fund or your investment may not perform as well as other similar investments. Therefore, you should consider carefully the following risks before investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any government agency. </font></i></b></p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><i><font style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">Equity Risk.&#160; </font></i>The net asset value of the Fund will fluctuate based on changes in the value of the U.S. equity securities held by the Fund. Equity prices can fall rapidly in response to developments affecting a specific company or industry, or to changing economic, political or market conditions.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><i><font style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">Large Capitalization Company Risk.</font></i>&#160; Larger, more established companies may be unable to attain the high growth rates of successful, smaller companies during periods of economic expansion.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><i><font style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">Active Management Risk.</font></i>&#160; The Fund is actively managed, which means that investment decisions are made based on investment views. There is no guarantee that the investment views will produce the desired results or expected returns, which may cause the Fund to fail to meet its investment objective or to underperform its benchmark index or funds with similar investment objectives and strategies. Furthermore, active trading that can accompany active management may result in high portfolio turnover, which may have a negative impact on performance. Active trading may result in higher brokerage costs or mark-up charges, which are ultimately passed on to shareholders of the Fund. Active trading may also result in adverse tax consequences.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><i><font style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">Dividend-Paying Stock Risk.</font></i>&#160; While the Fund may hold securities of companies that have historically paid a high dividend yield, those companies may reduce or discontinue their dividends, reducing the yield of the Fund. Low priced securities in the Fund may be more susceptible to these risks. Past dividend payments are not a guarantee of future dividend payments. Also, the market return of high dividend yield securities, in certain market conditions, may perform worse than other investment strategies or the overall stock market. The Fund&#8217;s emphasis on dividend-paying stocks involves the risk that such stocks may fall out of favor with investors and underperform the market. 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Changes in the financial condition or credit rating of an issuer of those securities may cause the value of the securities to decline.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><i><font style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">Limited History of Operations Risk.</font></i>&#160; The Fund is a new ETF and has a limited history of operations for investors to evaluate.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><i><font style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">Market Risk.</font></i>&#160; Overall market risks may affect the value of the Fund. Factors such as U.S. economic growth and market conditions, interest rate levels and political events affect the securities markets.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><i><font style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">Market Trading Risk.</font></i>&#160; The Fund faces numerous market trading risks, including the potential lack of an active market for the Shares, losses from trading in secondary markets, and disruption in the creation/redemption process of the Fund. Any of these factors may lead to the Shares trading at a premium or discount to the Fund&#8217;s net asset value (&#8220;NAV&#8221;).</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><i><font style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">Sector Risk.</font></i>&#160; Sector risk is the possibility that securities within the same group of industries will decline in price due to sector-specific market or economic developments. If the Fund invests more heavily in a particular sector, the value of its shares may be especially sensitive to factors and economic risks that specifically affect that sector. As a result, the Fund&#8217;s share price may fluctuate more widely than the value of shares of a fund that invests in a broader range of industries.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt .5in;"><font style="text-decoration:underline"><font style="font-size:10.0pt; font-family: Times New Roman;">Consumer Discretionary Sector Risk</font></font>.&#160; These companies may be adversely affected by changes in the worldwide economy, consumer spending, competition, demographics and consumer preferences, exploration and production spending. 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Pacific Global US Equity Income ETF
Pacific Global US Equity Income ETF
Investment Objective

Pacific Global US Equity Income ETF (“Fund”) seeks income and long-term growth of capital.

Fund Fees and Expenses

The table below describes the fees and expenses that you pay if you buy and hold shares of the Fund (“Shares”). Investors may pay brokerage commissions on their purchases and sales of Shares. These costs are not included in the expense example below.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees
Pacific Global US Equity Income ETF
Pacific Global US Equity Income ETF
USD ($)
Shareholder Fees (fees paid directly from your investment) none
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Pacific Global US Equity Income ETF
Pacific Global US Equity Income ETF
Management Fee 0.29%
Distribution and/or Service (12b-1) Fees none
Other Expenses none [1]
Total Annual Fund Operating Expenses 0.29%
[1] "Other expenses" are based on estimated amounts for the current fiscal year and are calculated as a percentage of the Fund's net assets.
Example

This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds. This example does not take into account brokerage commissions that you pay when purchasing or selling Shares.


The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your Shares at the end of those periods. The example also assumes that your investment has a 5% annual return and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

Expense Example
Pacific Global US Equity Income ETF
Pacific Global US Equity Income ETF
USD ($)
1 $ 30
3 $ 93
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it purchases and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may result in higher transaction costs and higher taxes when Shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses table or in the Example above, may affect the Fund’s performance. During the most recent fiscal period, from February 11, 2019 (commencement of operations) to June 30, 2019, the Fund’s portfolio turnover rate was 21% of the average value of the portfolio.

Principal Investment Strategies of the Fund

Under normal circumstances, the Fund seeks to achieve its investment objective by investing in common stocks of U.S. companies that have above average dividend yield and that demonstrate financial strength, which are high quality companies with strong balance sheets, predictable earnings and cash flow growth, and a history of dividend growth. The Fund primarily invests in common stocks of large capitalization companies (i.e., companies with capitalization of at least $50 billion), including REITs. When selecting portfolio companies, Cadence Capital Management LLC (the “Sub-Adviser”) emphasizes companies that have a history of paying and/or growing dividends. The Fund may sell a security when the Sub-Adviser believes that the company’s fundamentals have deteriorated, if the company decreases or discontinues its dividends, or if the stock has become overvalued in the opinion of the Sub-Adviser. Under normal circumstances, the Fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in equity securities of U.S. companies that pay regular dividends.


In making investment decisions for the Fund, the Sub-Adviser considers dividend-paying companies in the Russell 1000® Index and stocks of companies similar to those in the Russell 1000® Index. The Sub-Adviser uses a rules-based approach that ranks the stocks in this universe based on dividend-paying criteria and financial quality characteristics such as the company’s history in meeting earnings, dividend targets and earnings quality.


The Sub-Adviser weights the Fund’s portfolio based on the market capitalization of each portfolio security, adjusted from time to time to update the market capitalization of such portfolio security, where the maximum individual security weight at portfolio creation or rebalancing is capped at 1.25%. Modifications to constituent weights, including the maximum position size, may be included in order to help achieve risk, return, or portfolio objectives. Generally, the Fund will hold approximately 200-450 securities. Each of the consumer discretionary, consumer staples, financial services and industrial, information technology sectors may represent a significant portion of the Fund’s investment portfolio.


The Sub-Adviser employs an “active management” investment strategy in seeking to achieve the Fund’s investment objective. The portfolio will be reconstituted and rebalanced quarterly, if necessary. Rebalancing frequency may be modified based on periodic and systematic portfolio review.

Principal Risks of Investing in the Fund

There is no assurance that the Fund will meet its investment objective. The value of your investment in the Fund, as well as the amount of return you receive on your investment in the Fund, may fluctuate significantly. You may lose part or all of your investment in the Fund or your investment may not perform as well as other similar investments. Therefore, you should consider carefully the following risks before investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any government agency.


Equity Risk.  The net asset value of the Fund will fluctuate based on changes in the value of the U.S. equity securities held by the Fund. Equity prices can fall rapidly in response to developments affecting a specific company or industry, or to changing economic, political or market conditions.


Large Capitalization Company Risk.  Larger, more established companies may be unable to attain the high growth rates of successful, smaller companies during periods of economic expansion.


Active Management Risk.  The Fund is actively managed, which means that investment decisions are made based on investment views. There is no guarantee that the investment views will produce the desired results or expected returns, which may cause the Fund to fail to meet its investment objective or to underperform its benchmark index or funds with similar investment objectives and strategies. Furthermore, active trading that can accompany active management may result in high portfolio turnover, which may have a negative impact on performance. Active trading may result in higher brokerage costs or mark-up charges, which are ultimately passed on to shareholders of the Fund. Active trading may also result in adverse tax consequences.


Dividend-Paying Stock Risk.  While the Fund may hold securities of companies that have historically paid a high dividend yield, those companies may reduce or discontinue their dividends, reducing the yield of the Fund. Low priced securities in the Fund may be more susceptible to these risks. Past dividend payments are not a guarantee of future dividend payments. Also, the market return of high dividend yield securities, in certain market conditions, may perform worse than other investment strategies or the overall stock market. The Fund’s emphasis on dividend-paying stocks involves the risk that such stocks may fall out of favor with investors and underperform the market. Also, a company may reduce or eliminate its dividend.


Issuer Risk.  Fund performance depends on the performance of individual securities that the Fund holds. Changes in the financial condition or credit rating of an issuer of those securities may cause the value of the securities to decline.


Limited History of Operations Risk.  The Fund is a new ETF and has a limited history of operations for investors to evaluate.


Market Risk.  Overall market risks may affect the value of the Fund. Factors such as U.S. economic growth and market conditions, interest rate levels and political events affect the securities markets.


Market Trading Risk.  The Fund faces numerous market trading risks, including the potential lack of an active market for the Shares, losses from trading in secondary markets, and disruption in the creation/redemption process of the Fund. Any of these factors may lead to the Shares trading at a premium or discount to the Fund’s net asset value (“NAV”).


Sector Risk.  Sector risk is the possibility that securities within the same group of industries will decline in price due to sector-specific market or economic developments. If the Fund invests more heavily in a particular sector, the value of its shares may be especially sensitive to factors and economic risks that specifically affect that sector. As a result, the Fund’s share price may fluctuate more widely than the value of shares of a fund that invests in a broader range of industries.


Consumer Discretionary Sector Risk.  These companies may be adversely affected by changes in the worldwide economy, consumer spending, competition, demographics and consumer preferences, exploration and production spending. Companies in this sector are also affected by changes in government regulation, world events and economic conditions.


Consumer Staples Sector Risk.  Companies engaged in the production and distribution of basic materials may be adversely affected by changes in world events, political and economic conditions, energy conservation, environmental policies, commodity price volatility, changes in exchange rates, imposition of import controls, increased competition, depletion of resources and labor relations.


Financial Services Sector Risk.  Companies in the financial sector are often subject to extensive governmental regulation and, recently, government intervention and the potential for additional regulation, which may adversely affect the scope of their activities, the prices they can charge and the amount of capital they must maintain. Governmental regulation may change frequently and may have significant adverse consequences for companies in the financial sector, including effects not intended by such regulation.


Industrial Sector Risk.  Industrial companies are affected by supply and demand both for their specific product or service and for industrial sector products in general. Government regulation, world events, exchange rates and economic conditions, technological developments and liabilities for environmental damage and general civil liabilities will likewise affect the performance of these companies.


Information Technology Sector Risk.  Information technology companies face intense competition, both domestically and internationally, which may have an adverse effect on profit margins. Information technology companies may have limited product lines, markets, financial resources or personnel. The products of information technology companies may face product obsolescence due to rapid technological developments and frequent new product introduction, unpredictable changes in growth rates and competition for the services of qualified personnel.

Performance

Because the Fund has only recently commenced investment operations, no performance information is presented for the Fund at this time. In the future, performance information will be presented in this section of this Prospectus. Also, shareholder reports containing financial and performance information will be mailed to shareholders semi-annually. Updated performance information will be available at no cost by visiting the Fund’s website at www.pacificglobaletfs.com.

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Label Element Value
Pacific Global US Equity Income ETF  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Pacific Global US Equity Income ETF
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

Pacific Global US Equity Income ETF (“Fund”) seeks income and long-term growth of capital.

Expense [Heading] rr_ExpenseHeading Fund Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The table below describes the fees and expenses that you pay if you buy and hold shares of the Fund (“Shares”). Investors may pay brokerage commissions on their purchases and sales of Shares. These costs are not included in the expense example below.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it purchases and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may result in higher transaction costs and higher taxes when Shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses table or in the Example above, may affect the Fund’s performance. During the most recent fiscal period, from February 11, 2019 (commencement of operations) to June 30, 2019, the Fund’s portfolio turnover rate was 21% of the average value of the portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 21.00%
Expense Exchange Traded Fund Commissions [Text] rr_ExpenseExchangeTradedFundCommissions Investors may pay brokerage commissions on their purchases and sales of Shares.
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates “Other expenses” are based on estimated amounts for the current fiscal year and are calculated as a percentage of the Fund’s net assets.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds. This example does not take into account brokerage commissions that you pay when purchasing or selling Shares.


The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your Shares at the end of those periods. The example also assumes that your investment has a 5% annual return and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

Strategy [Heading] rr_StrategyHeading Principal Investment Strategies of the Fund
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

Under normal circumstances, the Fund seeks to achieve its investment objective by investing in common stocks of U.S. companies that have above average dividend yield and that demonstrate financial strength, which are high quality companies with strong balance sheets, predictable earnings and cash flow growth, and a history of dividend growth. The Fund primarily invests in common stocks of large capitalization companies (i.e., companies with capitalization of at least $50 billion), including REITs. When selecting portfolio companies, Cadence Capital Management LLC (the “Sub-Adviser”) emphasizes companies that have a history of paying and/or growing dividends. The Fund may sell a security when the Sub-Adviser believes that the company’s fundamentals have deteriorated, if the company decreases or discontinues its dividends, or if the stock has become overvalued in the opinion of the Sub-Adviser. Under normal circumstances, the Fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in equity securities of U.S. companies that pay regular dividends.


In making investment decisions for the Fund, the Sub-Adviser considers dividend-paying companies in the Russell 1000® Index and stocks of companies similar to those in the Russell 1000® Index. The Sub-Adviser uses a rules-based approach that ranks the stocks in this universe based on dividend-paying criteria and financial quality characteristics such as the company’s history in meeting earnings, dividend targets and earnings quality.


The Sub-Adviser weights the Fund’s portfolio based on the market capitalization of each portfolio security, adjusted from time to time to update the market capitalization of such portfolio security, where the maximum individual security weight at portfolio creation or rebalancing is capped at 1.25%. Modifications to constituent weights, including the maximum position size, may be included in order to help achieve risk, return, or portfolio objectives. Generally, the Fund will hold approximately 200-450 securities. Each of the consumer discretionary, consumer staples, financial services and industrial, information technology sectors may represent a significant portion of the Fund’s investment portfolio.


The Sub-Adviser employs an “active management” investment strategy in seeking to achieve the Fund’s investment objective. The portfolio will be reconstituted and rebalanced quarterly, if necessary. Rebalancing frequency may be modified based on periodic and systematic portfolio review.

Risk [Heading] rr_RiskHeading Principal Risks of Investing in the Fund
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

There is no assurance that the Fund will meet its investment objective. The value of your investment in the Fund, as well as the amount of return you receive on your investment in the Fund, may fluctuate significantly. You may lose part or all of your investment in the Fund or your investment may not perform as well as other similar investments. Therefore, you should consider carefully the following risks before investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any government agency.


Equity Risk.  The net asset value of the Fund will fluctuate based on changes in the value of the U.S. equity securities held by the Fund. Equity prices can fall rapidly in response to developments affecting a specific company or industry, or to changing economic, political or market conditions.


Large Capitalization Company Risk.  Larger, more established companies may be unable to attain the high growth rates of successful, smaller companies during periods of economic expansion.


Active Management Risk.  The Fund is actively managed, which means that investment decisions are made based on investment views. There is no guarantee that the investment views will produce the desired results or expected returns, which may cause the Fund to fail to meet its investment objective or to underperform its benchmark index or funds with similar investment objectives and strategies. Furthermore, active trading that can accompany active management may result in high portfolio turnover, which may have a negative impact on performance. Active trading may result in higher brokerage costs or mark-up charges, which are ultimately passed on to shareholders of the Fund. Active trading may also result in adverse tax consequences.


Dividend-Paying Stock Risk.  While the Fund may hold securities of companies that have historically paid a high dividend yield, those companies may reduce or discontinue their dividends, reducing the yield of the Fund. Low priced securities in the Fund may be more susceptible to these risks. Past dividend payments are not a guarantee of future dividend payments. Also, the market return of high dividend yield securities, in certain market conditions, may perform worse than other investment strategies or the overall stock market. The Fund’s emphasis on dividend-paying stocks involves the risk that such stocks may fall out of favor with investors and underperform the market. Also, a company may reduce or eliminate its dividend.


Issuer Risk.  Fund performance depends on the performance of individual securities that the Fund holds. Changes in the financial condition or credit rating of an issuer of those securities may cause the value of the securities to decline.


Limited History of Operations Risk.  The Fund is a new ETF and has a limited history of operations for investors to evaluate.


Market Risk.  Overall market risks may affect the value of the Fund. Factors such as U.S. economic growth and market conditions, interest rate levels and political events affect the securities markets.


Market Trading Risk.  The Fund faces numerous market trading risks, including the potential lack of an active market for the Shares, losses from trading in secondary markets, and disruption in the creation/redemption process of the Fund. Any of these factors may lead to the Shares trading at a premium or discount to the Fund’s net asset value (“NAV”).


Sector Risk.  Sector risk is the possibility that securities within the same group of industries will decline in price due to sector-specific market or economic developments. If the Fund invests more heavily in a particular sector, the value of its shares may be especially sensitive to factors and economic risks that specifically affect that sector. As a result, the Fund’s share price may fluctuate more widely than the value of shares of a fund that invests in a broader range of industries.


Consumer Discretionary Sector Risk.  These companies may be adversely affected by changes in the worldwide economy, consumer spending, competition, demographics and consumer preferences, exploration and production spending. Companies in this sector are also affected by changes in government regulation, world events and economic conditions.


Consumer Staples Sector Risk.  Companies engaged in the production and distribution of basic materials may be adversely affected by changes in world events, political and economic conditions, energy conservation, environmental policies, commodity price volatility, changes in exchange rates, imposition of import controls, increased competition, depletion of resources and labor relations.


Financial Services Sector Risk.  Companies in the financial sector are often subject to extensive governmental regulation and, recently, government intervention and the potential for additional regulation, which may adversely affect the scope of their activities, the prices they can charge and the amount of capital they must maintain. Governmental regulation may change frequently and may have significant adverse consequences for companies in the financial sector, including effects not intended by such regulation.


Industrial Sector Risk.  Industrial companies are affected by supply and demand both for their specific product or service and for industrial sector products in general. Government regulation, world events, exchange rates and economic conditions, technological developments and liabilities for environmental damage and general civil liabilities will likewise affect the performance of these companies.


Information Technology Sector Risk.  Information technology companies face intense competition, both domestically and internationally, which may have an adverse effect on profit margins. Information technology companies may have limited product lines, markets, financial resources or personnel. The products of information technology companies may face product obsolescence due to rapid technological developments and frequent new product introduction, unpredictable changes in growth rates and competition for the services of qualified personnel.

Risk Lose Money [Text] rr_RiskLoseMoney You may lose part or all of your investment in the Fund or your investment may not perform as well as other similar investments.
RIsk Not Insured [Text] rr_RiskNotInsured An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

Because the Fund has only recently commenced investment operations, no performance information is presented for the Fund at this time. In the future, performance information will be presented in this section of this Prospectus. Also, shareholder reports containing financial and performance information will be mailed to shareholders semi-annually. Updated performance information will be available at no cost by visiting the Fund’s website at www.pacificglobaletfs.com.

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Because the Fund has only recently commenced investment operations, no performance information is presented for the Fund at this time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.pacificglobaletfs.com
Pacific Global US Equity Income ETF | Pacific Global US Equity Income ETF  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fee rr_ManagementFeesOverAssets 0.29%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets none [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.29%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 30
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 $ 93
[1] "Other expenses" are based on estimated amounts for the current fiscal year and are calculated as a percentage of the Fund's net assets.
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Document and Entity Information
Total
Prospectus:  
Document Type 485BPOS
Document Period End Date Jun. 30, 2019
Registrant Name Pacific Global ETF Trust
Entity Central Index Key 0001747688
Entity Inv Company Type N-1A
Amendment Flag false
Document Creation Date Oct. 28, 2019
Document Effective Date Oct. 28, 2019
Prospectus Date Oct. 28, 2019
Pacific Global US Equity Income ETF | Pacific Global US Equity Income ETF  
Prospectus:  
Trading Symbol USDY
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