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Pacer ETFs

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 (S&P U.S. High Yield Corporate Bond Total Return Index ÷ S&P U.S. Treasury Bond 7-10 Year Total Return Index)
– Risk Ratio 100 Day Simple Moving Average
 

100% S&P U.S. High Yield Corporate Bond 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 S&P U.S. High Yield Corporate Bond 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% S&P U.S. High Yield Corporate Bond Index, 50% S&P U.S. Treasury Bond 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 S&P U.S. High Yield Corporate Bond Index and 50% to the S&P U.S. Treasury Bond 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% S&P U.S. Treasury Bond 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 S&P U.S. Treasury Bond 7-10 Year Index.1 From this position, the Index will change to the S&P U.S. High Yield Corporate Bond 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..

S&P U.S. High Yield Corporate Bond 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.
 

S&P U.S. Treasury Bond 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.

Performance (%)

as of 3/31/2020

  Since Fund Inception (10/22/19) YTD 1 Month 3 Month 1 Year
Pacer Trendpilot US Bond ETF NAV 3.72 1.62 2.22 1.62 N/A
Pacer Trendpilot US Bond ETF Market Price 3.17 0.36 0.40 0.36 N/A
Pacer Trendpilot US Bond Index 3.86 1.94 2.93 1.94 N/A
S&P U.S. High Yield Corporate Bond Index -11.42 -13.39 -12.54 -13.39 -7.40

Monthly Performance

This is a new Fund and therefore has limited performance to report. 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.

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

Sector Breakdown (%)

as of 3/31/2020

Sector Weight
- -

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.

Index Characteristics

as of 3/31/2020

  Pacer Trendpilot US Bond Index S&P U.S. High Yield Corporate Bond Index S&P U.S. Treasury Bond 7-10 Year Index
Weighted Average Coupon (%) 2.57 6.03 2.57
Average Years to Maturity 8.46 6.84 8.46
Modified Duration 7.67 4.67 7.67
Yield to Maturity (%) 0.66 9.80 0.66

Distributions

Ex Date Total Distributions Ordinary Income* Short Term Capital Gains Long Term Capital Gains Return of Capital
6/22/2020 $0.01048739 $0.01048739 $0 $0 $0
3/23/2020 $0.12299677 $0.12299677 $0 $0 $0
12/24/2019 $0.15903674 $0.15903674 $0 $0 $0

2020 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.

Premium/Discount

As of Jul 10, 2020

As of Date Discount Premium
01/02/2020 1.11
01/03/2020 0.93
01/06/2020 0.44
01/07/2020 0.56
01/08/2020 0.51
01/09/2020 0.6
01/10/2020 0.59
01/13/2020 0.57
01/14/2020 0.53
01/15/2020 0.46
01/16/2020 0.6
01/17/2020 0.45
01/21/2020 0.46
01/22/2020 0.51
01/23/2020 1.06
01/24/2020 0.47
01/27/2020 0.29
01/28/2020 0.54
01/29/2020 0.37
01/30/2020 0.73
01/31/2020 0.32
Next

PTBD Premium/Discount Q3 2020

As of Date Discount Premium
07/01/2020 -0.1
07/02/2020 -0.05
07/06/2020 0.01
07/07/2020 0.31
07/08/2020 0.04
07/09/2020 0.51
07/10/2020 0.34

 

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  • Description
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