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The Pacer Custom ETF Series

FLRT

Pacer Pacific Asset Floating Rate High Income ETF

An exchange traded fund (ETF) that seeks to provide a high level of current income by investing primarily in floating-rate loans of non-investment-grade companies, which can serve as both an income driver and a hedge against rising interest rates.

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

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
 
  • Focused on the largest, most liquid issuers in the market
  • Floating rate
  • Senior Secured
  • Large, established companies
  • Excellent trading liquidity, but long settlement periods
  • Established CLO (Collateralized Loan Obligations) issuers
  • Strong underlying collateral
  • Very attractive relative yield
  • Less liquid, but quick settlement
  • Generally lower duration
  • Good liquidity and settlement times
  • Strong issuers

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 --

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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.

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Performance (%)

as of 12/31/2023

  Since Fund Inception (2/18/15) YTD 1 Year 3 Year 5 Year
Pacer Pacific Asset Floating Rate High Income ETF NAV 3.80 14.61 14.61 4.87 5.30
Pacer Pacific Asset Floating Rate High Income ETF Market Price 3.79 14.57 14.57 4.77 5.28
S&P/LSTA Leverage Loan 100 4.25 13.17 13.17 5.18 5.77

Monthly Performance

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.

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.

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 6/30/2022

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

Country Allocation (%)

as of 6/30/2022

Credit Rating Weight

Fund Characteristics, Credit Quality Allocation & Asset Allocation

as of 12/31/2023

  Pacer Pacific Asset Floating Rate High Income ETF
Duration (Years) 0.32
Weighted Average Maturity 6.37
Weighted Average Price2 99.00
Number of Issues 132
Number of Issuers 123
Credit Quality Allocation3 (%)
BBB and Above 18.50
BB 43.08
B 34.93
CCC and Below 2.66
N/R 0.00
Equities/Other 0.83

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

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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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