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The Trendpilot ETF Series

PTBD

Pacer Trendpilot® US Bond ETF

A strategy driven fixed income exchange traded fund (ETF) that uses trend following to alternate exposure between high yield corporate bonds and U.S. Treasury Bonds.

Trendpilot Strategy

Strategy Overview

An objective, rules-based trend following strategy that changes exposure based on 3 indicators.

Legend:
Risk Ratio (iBoxx USD Liquid High Yield Index ÷ iBoxx USD Treasuries 7-10 Year Total Return Index)
Risk Ratio 100 Day Simple Moving Average
 

100% iBoxx USD Liquid High Yield Index

High Yield Indicator
When the Risk Ratio closes above its 100 day simple moving average (100 Day SMA) for five consecutive business days, the exposure of the Index will be 100% to the iBoxx USD Liquid High Yield Index.1 From the High Yield position, the Index will change to the 50/50 position or the T-Bond position depending on the 50/50 Indicator and the T-Bond Indicator.

50% iBoxx USD Liquid High Yield Index, 50% iBoxx USD Treasuries 7-10 Year Index

50/50 Indicator
When the Risk Ratio closes below its 100 Day SMA for five consecutive business days, the exposure of the Index will be 50% to the iBoxx USD Liquid High Yield Index and 50% to the iBoxx USD Treasuries 7-10 Year Index.1 From the 50/50 position, the Index will return to the High Yield position or change to the T-Bond position depending on if those indicators are triggered.

100% iBoxx USD Treasuries 7-10 Year Index

T-Bond Indicator:
When the Risk Ratio’s 100 Day SMA closes lower than its value from five business days earlier, the exposure of the Index will be 100% to the iBoxx USD Treasuries 7-10 Year Index.1 From this position, the Index will change to the iBoxx USD Liquid High Yield Index position when the High Yield Indicator is triggered. The Index will not return to its 50/50 position unless the High Yield Indicator is first triggered.


The graphs illustrate the Pacer Trendpilot® methodology based on hypothetical movements of its risk ratio and its 100 day simple moving average. This does not demonstrate historical data, and is not an indication of how any Index or Pacer Trendpilot® methodology will perform in the future. If the conditions mentioned in the graph are not satisfied, the trend of the risk ratio will be the same as the trend of the risk ratio on the immediately preceding business day.
(1)Any exposure change will become effective by the 6th business day..


iBoxx USD Liquid High Yield Index Characteristics:

  • Designed to track the performance of U.S. dollar-denominated, high-yield corporate bonds.
  • Qualifying securities must have a below-investment-grade rating.
  • A high-yield corporate bond can return higher yields than most other fixed-income debt securities, but with greater risk.
 

iBoxx USD Treasuries 7-10 Year Index Characteristics:

  • Designed to measure the performance of U.S.Treasury bonds maturing in 7 to 10 years.
  • Treasury bonds are marketable, fixed income U.S. government debt securities.
  • Treasury bonds issue interest payments semi-annually.
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Performance (%)

as of 12/31/2023

  Since Fund Inception (10/22/19) YTD 1 Year 3 Year 5 Year
Pacer Trendpilot US Bond ETF NAV -0.36 9.10 9.10 -4.45 N/A
Pacer Trendpilot US Bond ETF Market Price -0.39 8.82 8.82 -4.71 N/A
Pacer Trendpilot US Bond Index 1.41 9.61 9.61 -2.46 N/A
iBoxx USD Liquid High Yield Index 2.89 12.89 12.89 1.73 4.79

Monthly Performance

Performance quoted represents past performance and does not guarantee future results.
On 1/31/23 the underlying exposure index components changed to the iBoxx USD Liquid High Yield Index and iBoxx USD Treasuries 7-10 Year Index.
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.

Current Exposure

Tracking: 100% High Yield

Track Trendpilot's Current Position

Trendpilot Tracker

Top 10 Holdings (%)

as of 9/30/19

View All Holdings

Daily Holdings

Ticker Holding Weight
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Sector Breakdown (%)

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

Index Characteristics

as of 12/31/2023

  Pacer Trendpilot US Bond Index iBoxx USD Liquid High Yield Index iBoxx USD Treasuries 7-10 Year Index
Weighted Average Coupon (%) 5.90 5.90 2.67
Average Years to Maturity 5.18 5.18 8.39
Modified Duration 3.08 3.08 7.26
Yield to Maturity (%) 7.61 7.61 3.88

Weighted average coupon is the par-weighted average coupon rate paid by all bonds in the index.
Average years to maturity is the average number of years to describe maturities in a portfolio of debt securities, including corporate debt and municipal bonds.
Modified Duration is a measure of how sensitive the price of a bond is to interest rate change.
Yield to Maturity is the total return anticipated on a bond if the bond is held until it matures.
30-Day SEC yield is a standardized yield calculation for bond funds specified by the U.S. Securities and Exchange Commission (SEC).


Pacer Advisors, Inc. is the fund advisor. Vident Investment Advisory is the fund sub-adviser. Vident Investment Advisory, LLC is registered as an investment advisor with the SEC and only conducts business in states where it is properly notice filed or is excluded from registration requirements.

When investing in high yield, high risk securities, the Fund will generally hold a representative sample of the securities in the Index whose risk, return and other characteristics closely resemble, in the judgment of the Sub-Adviser, Vident Investment Advisory, those of the Index as a whole. While intended to allow the Fund to closely track the Index, use of this approach may cause the Fund’s performance to deviate from that of the Index.

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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