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Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Pacer Pacific Asset Floating Rate High Income ETF

FLRT | Active ETF

$47.75

$281 M

7.42%

$3.54

0.60%

Vitals

YTD Return

8.2%

1 yr return

10.8%

3 Yr Avg Return

6.5%

5 Yr Avg Return

5.3%

Net Assets

$281 M

Holdings in Top 10

22.0%

52 WEEK LOW AND HIGH

$47.7
$46.61
$47.98

Expenses

OPERATING FEES

Expense Ratio 0.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 35.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Pacer Pacific Asset Floating Rate High Income ETF

FLRT | Active ETF

$47.75

$281 M

7.42%

$3.54

0.60%

FLRT - Profile

Distributions

  • YTD Total Return 8.2%
  • 3 Yr Annualized Total Return 6.5%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.04%
DIVIDENDS
  • Dividend Yield 7.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Pacer Pacific Asset Floating Rate High Income ETF
  • Fund Family Name
    Pacer
  • Inception Date
    Feb 18, 2015
  • Shares Outstanding
    1510000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    C. Robert Boyd

Fund Description

Aristotle Pacific Capital, LLC (the “Sub-Adviser”) seeks to achieve the Fund’s investment objective by selecting a focused portfolio comprised primarily of income-producing adjustable rate securities.
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in senior secured floating rate loans and other adjustable rate securities. Other adjustable rate securities will typically include collateralized loan obligations (“CLOs”), asset-backed securities (“ABS”), and commercial mortgage backed securities (“CMBS”) (collectively, “Adjustable Rate Securities”). The Fund is expected to invest primarily in loans and Adjustable Rate Securities that are rated below investment grade (i.e., high yield securities, sometimes called “junk bonds” or non-investment grade securities) or, if unrated, of comparable quality as determined by the Sub-Adviser.
The Fund may invest in U.S.-dollar denominated senior floating rate loans and Adjustable Rate Securities of domestic and foreign issuers. Senior floating rate loans are debt instruments that may have a right to payment that is senior to most other debts of borrowers. Borrowers may include corporations, partnerships and other entities that operate in a variety of industries and geographic regions, which may from time to time prepay their loan obligations in response, for example, to changes in interest rates. Senior loans in which the Fund may invest include secured and unsecured loans. Generally, secured floating rate loans are secured by specific assets of the borrower. An adjustable rate security includes any fixed income security that requires periodic changes in its interest rate based upon changes in a recognized index interest rate or another method of determining prevailing interest rates. The Fund invests in various types of ABS, such as auto loan and student loan ABS. The Fund is actively managed.
The Fund may invest up to 20% of its assets in certain other types of debt instruments or securities, including corporate bonds (including floating rate investment grade bonds) and secured or unsecured second lien floating rate loans. Second lien loans generally are second in line behind senior loans in terms of prepayment priority with respect to pledged collateral and therefore have a lower credit quality as compared to senior loans but may produce a higher yield to compensate for the additional risk.
The secondary market on which high yield securities are traded may be less liquid than the market for investment-grade securities. Less liquidity in the secondary trading market could adversely affect the ability of the Fund to sell a high yield security or the price at which the Fund could sell a high yield security, and could adversely affect the daily NAV of Fund shares. When secondary markets for high yield securities are less liquid than the market for investment-grade securities, it may be more difficult to value the securities because such valuation may require more research, and elements of judgment may play a greater role in the valuation because there is less reliable, objective data available. The Fund may invest up to an aggregate amount of 15% of its net assets in illiquid investments, as such term is defined by Rule 22e-4 under the Investment Company Act of 1940, as amended (the “1940 Act”).
When the Sub-Adviser believes that current market, economic, political or other conditions are unsuitable and would impair the pursuit of the Fund’s investment objectives, the Fund may invest some or all of its assets in cash or cash equivalents, including but not limited to obligations of the U.S. government, money market fund shares, commercial paper, certificates of deposit and/or bankers acceptances, as well as other interest bearing or discount obligations or debt instruments that carry an investment grade rating by a national rating agency. When the Fund takes a temporary defensive position, the Fund may not achieve its investment objectives. The Fund may invest from time to time more heavily in one or more sectors of the economy than in other sectors.
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FLRT - Performance

Return Ranking - Trailing

Period FLRT Return Category Return Low Category Return High Rank in Category (%)
YTD 8.2% -4.1% 10.2% 23.31%
1 Yr 10.8% -3.7% 14.6% 10.90%
3 Yr 6.5%* -6.9% 8.3% 8.91%
5 Yr 5.3%* -6.2% 38.4% 18.57%
10 Yr N/A* -2.2% 19.7% 7.34%

* Annualized

Return Ranking - Calendar

Period FLRT Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -12.0% 11.1% 5.26%
2022 -8.1% -22.9% 5.1% 61.39%
2021 0.0% -12.2% 11.1% 92.49%
2020 -0.9% -14.1% 289.8% 11.11%
2019 4.8% -8.1% 7.5% 2.54%

Total Return Ranking - Trailing

Period FLRT Return Category Return Low Category Return High Rank in Category (%)
YTD 8.2% -4.1% 10.2% 23.31%
1 Yr 10.8% -3.7% 14.6% 10.90%
3 Yr 6.5%* -6.9% 8.3% 8.91%
5 Yr 5.3%* -6.2% 38.4% 18.57%
10 Yr N/A* -2.2% 19.7% N/A

* Annualized

Total Return Ranking - Calendar

Period FLRT Return Category Return Low Category Return High Rank in Category (%)
2023 14.6% -12.0% 22.1% 12.41%
2022 -2.7% -22.9% 5.1% 61.00%
2021 3.2% -10.2% 11.1% 87.75%
2020 2.8% -14.1% 306.9% 25.51%
2019 9.4% -3.6% 10.5% 6.36%

FLRT - Holdings

Concentration Analysis

FLRT Category Low Category High FLRT % Rank
Net Assets 281 M 29.9 M 13.5 B 71.15%
Number of Holdings 190 2 1977 87.98%
Net Assets in Top 10 80.9 M -191 M 2.37 B 57.36%
Weighting of Top 10 21.99% 5.2% 100.7% 20.23%

Top 10 Holdings

  1. U.S. Bank Money Market Deposit Account 11.34%
  2. Core Main LP 1.22%
  3. Clark Equipment Company, Senior Secured First Lien Term Loan 1.22%
  4. Roper Industrial Products Investment Co 1.22%
  5. Quikrete Holdings Inc 1.21%
  6. Chart Industries Inc 1.19%
  7. Emrld Borrower LP 1.18%
  8. CQP Holdco LP 1.13%
  9. Avolon TLB Borrower 1 US LLC 1.13%
  10. Traverse Midstream Partners LLC 1.13%

Asset Allocation

Weighting Return Low Return High FLRT % Rank
Bonds 		97.13% 0.00% 161.82% 30.23%
Cash 		11.34% -61.90% 16.36% 9.30%
Stocks 		0.35% 0.00% 100.74% 67.05%
Preferred Stocks 		0.00% -3.99% 7.30% 44.96%
Other 		0.00% -52.39% 34.87% 63.57%
Convertible Bonds 		0.00% 0.00% 5.51% 53.13%

Stock Sector Breakdown

Weighting Return Low Return High FLRT % Rank
Industrials 		100.00% 0.00% 100.00% 1.74%
Utilities 		0.00% 0.00% 100.00% 31.30%
Technology 		0.00% 0.00% 100.00% 28.70%
Real Estate 		0.00% 0.00% 48.61% 17.39%
Healthcare 		0.00% 0.00% 100.00% 17.39%
Financial Services 		0.00% 0.00% 89.61% 16.52%
Energy 		0.00% 0.00% 100.00% 60.00%
Communication Services 		0.00% 0.00% 100.00% 65.22%
Consumer Defense 		0.00% 0.00% 100.00% 36.52%
Consumer Cyclical 		0.00% 0.00% 97.66% 38.26%
Basic Materials 		0.00% 0.00% 1.36% 15.65%

Stock Geographic Breakdown

Weighting Return Low Return High FLRT % Rank
US 		0.35% -0.01% 100.74% 64.73%
Non US 		0.00% 0.00% 0.68% 31.78%

Bond Sector Breakdown

Weighting Return Low Return High FLRT % Rank
Corporate 		95.77% 0.00% 99.80% 16.80%
Cash & Equivalents 		11.34% 0.00% 25.03% 7.36%
Securitized 		2.53% 0.00% 91.68% 21.09%
Derivative 		0.00% -10.96% 0.59% 54.26%
Municipal 		0.00% 0.00% 0.47% 17.58%
Government 		0.00% 0.00% 3.18% 37.50%

Bond Geographic Breakdown

Weighting Return Low Return High FLRT % Rank
US 		97.13% 0.00% 123.41% 24.42%
Non US 		0.00% 0.00% 63.23% 50.39%

FLRT - Expenses

Operational Fees

FLRT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.03% 5.51% 96.98%
Management Fee 0.60% 0.00% 1.89% 35.09%
12b-1 Fee N/A 0.00% 1.00% 7.69%
Administrative Fee 0.03% 0.02% 0.27% 5.56%

Sales Fees

FLRT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FLRT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLRT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 4.00% 180.00% 18.52%

FLRT - Distributions

Dividend Yield Analysis

FLRT Category Low Category High FLRT % Rank
Dividend Yield 7.42% 0.00% 11.13% 50.00%

Dividend Distribution Analysis

FLRT Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FLRT Category Low Category High FLRT % Rank
Net Income Ratio 3.04% 1.77% 9.82% 80.71%

Capital Gain Distribution Analysis

FLRT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FLRT - Fund Manager Analysis

Managers

C. Robert Boyd

Start Date

Tenure

Tenure Rank

Feb 18, 2015

7.28

7.3%

Mr. Boyd is Managing Director of Pacific Asset Management since 2012 and portfolio manager of Pacific Asset Management since 2014. Mr. Boyd is a member of the high yield portfolio management team and provides research and analysis of investments in the gaming, aerospace, services and other cyclical sectors. Prior to joining Pacific Asset Management, he was a vice president, credit analyst and bank loan portfolio manager at PIMCO since 1998. Mr. Boyd has a BA from California State University, Long Beach and an MBA from the University of Southern California.

Ying Qiu

Start Date

Tenure

Tenure Rank

Oct 19, 2021

0.61

0.6%

Ms. Qiu is a managing director and portfolio manager of Pacific Asset Management since 2016. Ms. Qiu is a co-portfolio manager on various investment grade portfolios and has credit research responsibilities focusing on asset-backed securities ("ABS") and airlines sectors. Prior to joining Pacific Asset Management, Ms. Qiu was a senior vice president, portfolio manager and trader for both investment grade corporate and ABS with PIMCO since 2008. Ms. Qiu began her investment career in 1997 and has a BA from Renmin University of China and an MBA from the Emory University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.07 3.25

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