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Pacer ETFs

AAAP

Pacer Barings CLO Market Flex ETF

An actively-managed ETF that seeks current income and capital preservation through investing in income-producing debt of collateralized loan obligations (CLOs) and intends to invest across CLO debt rating categories (AAA-BB).

Strategy Overview

  • Diversified exposure across Collateralized Loan Obligation (“CLO”) market.
  • Maintain a portfolio with an average investment grade rating.
  • Allocate across rating tiers to enhance yield beyond AAA only exposure.

 

Incremental Income

  • AAA rated CLOs have provided >100bps (on average) of spread vs AAA rated corporate bongs in the last 10 years1
  • BB rated CLOs have provided > 300 bps (on average of spread vs BB/B rated loans in the last 10 years1
 

Limited History of Defaults

  • Over 30 years there have only been 38 BB rated CLOs that have defaulted out of more than 3,3002
  • There have been zero defaults for AAA CLOs out of more than 7,0002
 

Access Various Return Profiles

  • Spreads range from low 100s to 700bps depending on rating and structural loss protection below1
  • Market technicalds can drive performance dispersion and opportunities across credit rating tiers
 

Why Barings?

  • Barings has been managing and investing in CLOs since the 1990s with $50B+ presence in the market
  • Integrated CLO investing and origination capabilities unlocks differentiated market access

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Source: Barings. For illustrative purposes only.
(1)Sources: Barings, J.P. Morgan CLOIE Index, S&P UBS Leveraged Loan Index, and Barclays. As of December 31, 2025.
(2)Source: S&P covering the period from 1994 until Q1 2026.

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Performance (%)

as of 03/31/2026

Top 10 Holdings (%)

as of 6/30/17

View All Holdings

Daily Holdings

Ticker Holding Weight
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Top Asset Allocation (%)

as of 6/22/2026

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.

Fund Characteristics, Credit Quality Allocation & Asset Allocation

as of 6/22/2026

  Pacer Barings CLO Market Flex ETF
Effective Duration (Years) -
Average Rating3 -
Number of Issues -
Number of Issuers4 -
Weighted Average Coupon5 (%) -
Weighted Average Spread5 (%) -
Credit Quality Allocation6 (%)
AAA -
AA -
A -
BBB -
BB -
B -
Not Rated/Other -

Source: Barings

(3)Average Rating excludes equity and unrated assets. Note a AAA equivalent rating is assigned to unrated cash/cash instruments.
(4)Excludes zero par issues.
(5)Market Value weighted average of positions excluding cash and cash equivalents.
(6)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. 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.

Distributions

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Distribution Schedule

Past distributions are not indicative of future distributions.
*Ordinary income is composed mainly of wages, salaries, commissions and interest income from bonds, and it is taxable using ordinary income rates.

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