Strategy Overview
- Current Income: Seeks steady streams of income.
- Portfolio Diversification: Floating-rate loans may complement a traditional fixed-income portfolio.
- Corporate Focus: Portfolio management team that specializes in fixed-income asset management based on a foundation of corporate credit research.
Fund Advisors
Advisor | Sub-Advisor |
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Flexible Investment Strategy
The Sub-Advisor seeks to achieve the fund’s objective by selecting a focused portfolio comprised primarily of income-producing adjustable rate securities such as:
Senior Secured Bank Loans |
CLO (Collateralized Loan Obligations) Debt Securities |
High Yield Bonds |
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An investment in the Funds is subject to investment risk, including the possible loss of principal. Pacer ETF shares may be bought and sold on an exchange through a brokerage account. Brokerage commissions and ETF expenses will reduce investment returns. There can be no assurance that an active trading market for ETF shares will be developed or maintained. The risks associated with this fund are detailed in the prospectus and could include factors such as floating rate loan risk, CLO risk, asset-backed securities risk, CMBS risk, high yield securities risk, fixed income risk, LIBOR risk, foreign securities risk, market risk, ETF risks, liquidity risk, privately issued securities risk, management risk, sector risk and small fund risk.
Pacer Advisors, Inc. is the fund advisor. Aristotle Pacific Capital serves as investment sub-advisor to the Fund.
The Fund is the successor to the Pacific Global Senior Loan ETF, a series of Pacific Global ETF Trust, and its investment performance as a result of the reorganization of the Predecessor Fund into the Fund at the close of business on October 22, 2021. In addition, the Pacific Global Senior Loan ETF was the successor to the investment performance of AdvisorShares Pacific Asset Enhanced Floating Rate ETF, a series of AdvisorShares Trust, as a result of the reorganization of the series of AdvisorShares Trust into a series of Pacific Global ETF that occurred on December 27, 2019 (together, the “Predecessor Fund”).
From the Predecessor Fund’s inception to October 22, 2021, the Predecessor Fund invested at least 80% of its net assets (plus any borrowings for investment purposes) in senior secured floating rate loans. After the reorganization, the Fund invests 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 than each Fund’s respective 80% policy and the associated risks with investing in adjustable rate securities, the Funds had similar investment objectives, strategies, and policies.
Senior secured loans are debt obligations generally issued by non-investment grade businesses. These loans are usually “secured” by a company's assets, and are typically used to fund a company's growth or cover general operating expenses. The borrower is the company itself, not a bank.
A CLO is a trust typically collateralized by a pool of loans, which may include, among others, domestic and foreign senior secured loans, senior unsecured loans, and subordinate corporate loans, including loans that may be rated below investment grade or equivalent unrated loans.
High yield bonds are bonds that pay higher interest rates because they have lower credit ratings than other bonds.
30 Day SEC Yield
as of --
30-Day Sec Yield is the Fund's annualized total net investment income per share for the 30-day period ended on the last day of the month.
Performance (%)
as of 03/31/2024
Since Fund Inception (2/18/15) | YTD | 1 Year | 3 Year | 5 Year | ||||
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Pacer Pacific Asset Floating Rate High Income ETF NAV | 3.99 | 2.64 | 13.93 | 5.48 | 4.93 | |||
Pacer Pacific Asset Floating Rate High Income ETF Market Price | 3.99 | 2.74 | 14.38 | 5.41 | 4.95 | |||
S&P/LSTA Leveraged Loan 100 Index | 4.36 | 2.04 | 12.16 | 5.53 | 5.15 | |||
Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate, so shares may be worth more or less when redeemed or sold. Current performance may be lower or higher than the performance quoted. Visit www.paceretfs.com for the most recent month-end performance. Index returns are for illustrative purposes only. Index performance does not reflect any management fees, transaction costs or expenses. You cannot invest directly in an index. An investment in the Funds is subject to investment risk, including the possible loss of principal. Pacer ETF shares may be bought and sold on an exchange through a brokerage account. Brokerage commissions and ETF expenses will reduce investment returns. There can be no assurance that an active trading market for ETF shares will be developed or maintained. The risks associated with this fund are detailed in the prospectus and could include factors such as floating rate loan risk, CLO risk, asset-backed securities risk, CMBS risk, high yield securities risk, fixed income risk, LIBOR risk, foreign securities risk, market risk, ETF risks, liquidity risk, privately issued securities risk, management risk, sector risk and small fund risk. |
Top 10 Holdings (%)
as of 6/30/17
View All Holdings
Ticker | Holding | Weight |
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Top Asset Allocation (%)
as of 6/30/2022
To view a sector's breakdown, please select a slice. To return to the total breakdown, select 'Sector Breakdown' below. Please note, the sector table below only shows total sector weights.
Sector | Weight |
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Country Allocation (%)
as of 6/30/2022
Credit Rating | Weight |
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Fund Characteristics, Credit Quality Allocation & Asset Allocation
as of 3/31/2024
Pacer Pacific Asset Floating Rate High Income ETF | |
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Duration (Years) | 0.22 |
Weighted Average Maturity | 5.94 |
Weighted Average Price2 | 99.50 |
Number of Issues | 154 |
Number of Issuers | 139 |
Credit Quality Allocation3 (%) | |
BBB and Above | 17.80 |
BB | 41.33 |
B | 34.94 |
CCC and Below | 4.70 |
N/R | 0.68 |
Equities/Other | 0.56 |
An investment in the Funds is subject to investment risk, including the possible loss of principal. Pacer ETF shares may be bought and sold on an exchange through a brokerage account. Brokerage commissions and ETF expenses will reduce investment returns. There can be no assurance that an active trading market for ETF shares will be developed or maintained. The risks associated with this fund are detailed in the prospectus and could include factors such as floating rate loan risk, CLO risk, asset-backed securities risk, CMBS risk, high yield securities risk, fixed income risk, LIBOR risk, foreign securities risk, market risk, ETF risks, liquidity risk, privately issued securities risk, management risk, sector risk and small fund risk.
(1)Ratings received from S&P®, Moody’s, and/or Fitch and measured on a scale that generally ranges from AAA (highest) to D (lowest) and may change over time. The higher rating is used when rating agencies rate a security differently. All ratings are converted to the equivalent S&P major rating category for purposes of the category shown.
(2)Includes bonds and floating-rate loans. Quality ratings reflect the credit quality of the underlying securities in the Fund’s portfolio and not that of the fund itself. Quality ratings are subject to change.
SEC Yield is the Fund’s annualized total net investment income per share for the 30-day period ended on the last day of the month.
The S&P/LSTA Leveraged Loan 100 Index is an index designed to reflect the performance of the largest facilities in the leveraged loan market.
Duration measures a fund’s sensitivity to interest-rate risk where the longer a fund’s duration, the more sensitive, and vice versa.
Maturity of a debt instrument, refers to the specific period of time until final payment (principal and any applicable interest) is due.
Pacer Advisors, Inc. is the fund advisor. Pacific Asset Management LLC serves as investment sub-advisor to the Fund.
The Fund is the successor to the Pacific Global Senior Loan ETF, a series of Pacific Global ETF Trust, and its investment performance as a result of the reorganization of the Predecessor Fund into the Fund at the close of business on October 22, 2021. In addition, the Pacific Global Senior Loan ETF was the successor to the investment performance of AdvisorShares Pacific Asset Enhanced Floating Rate ETF, a series of AdvisorShares Trust, as a result of the reorganization of the series of AdvisorShares Trust into a series of Pacific Global ETF that occurred on December 27, 2019 (together, the “Predecessor Fund”).
From the Predecessor Fund’s inception to October 22, 2021, the Predecessor Fund invested at least 80% of its net assets (plus any borrowings for investment purposes) in senior secured floating rate loans. After the reorganization, the Fund invests 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 than each Fund’s respective 80% policy and the associated risks with investing in adjustable rate securities, the Funds had similar investment objectives, strategies, and policies.
Distributions
Past distributions are not indicative of future distributions. |