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ETFs

Pacer Pacific Asset Floating Rate High Income ETF

FLRT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 18 2015
Expense Ratio
0.61%
Type
Global Bonds
Fund Owner
Pacer Financial
Volume (1m avg. daily)
$1,368,224
AUM
$149,117,826
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
9.39%
n/a
ICON T/L 7.7535% 07/03/2028
1.47%
n/a
AVOLON TLB BORROWER 1 (US) T/L B6 7.8248% 06/30/2028
1.42%
n/a
REDWOOD STAR MERGER SUB (SPX FLOW) T/L 9.9311% 04/05/2029
1.36%
n/a
MOZART DEBT MERGER (MEDLINE INDUSTRIES) T/L B 8.6831% 09/29/2028
1.30%
n/a
ENGINEERED MACHINERY INCREMENTAL T/L (DURAVANT) (8/21) 9.0379% 05/22/2028
1.29%
n/a
SUNSHINE LUXEMBOURG T/L B-3 (NESTLE / GALDERMA) (3/21) 9.0919% 10/01/2026
1.29%
n/a
FERTITTA ENTERTAINMENT T/L (GOLDEN NUGGET / LANDRYS) 9.3187% 01/31/2029
1.29%
n/a
MADISON IAQ T/L 8.3023% 06/21/2028
1.28%
n/a
SRS DISTRIBUTION T/L B 8.9455% 06/04/2028
1.28%
Invest with FLRT

What is FLRT?

The Fund may invest in U.S.-dollar denominated senior floating rate loans and Adjustable Rate Securities of domestic and foreign issuers. Senior floating rate loans are debt instruments that may have a right to payment that is senior to most other debts of borrowers. Borrowers may include corporations, partnerships and other entities that operate in a variety of industries and geographic regions, which may from time to time prepay their loan obligations in response, for example, to changes in interest rates. Senior loans in which the Fund may invest include secured and unsecured loans. Generally, secured floating rate loans are secured by specific assets of the borrower. An adjustable rate security includes any fixed income security that requires periodic changes in its interest rate based upon changes in a recognized index interest rate or another method of determining prevailing interest rates. The Fund invests in various types of ABS, such as auto loan and student loan ABS. The Fund is actively managed. On Oct. 25, Pacific Global Senior Loan ETF (FLRT) was acquired by Pacer Funds and relabeled the Pacer Pacific Asset Floating Rate High Income ETF, retaining its ticker.

ETFs related toFLRT

ETFs correlated to FLRT include CVRD, GJUN, GJUL

FLRT
Pacer Funds Trust - Pacer Pacific Asset Floating Rate High Income ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
TCAF
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Capital Appreciation Equity ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
TJUL
Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 2 Yr to July 2025

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
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Create your own algorithmic trading strategy with FLRT using Composer

FAQ

FLRT is a Global Bonds ETF. The Fund may invest in U.S.-dollar denominated senior floating rate loans and Adjustable Rate Securities of domestic and foreign issuers. Senior floating rate loans are debt instruments that may have a right to payment that is senior to most other debts of borrowers. Borrowers may include corporations, partnerships and other entities that operate in a variety of industries and geographic regions, which may from time to time prepay their loan obligations in response, for example, to changes in interest rates. Senior loans in which the Fund may invest include secured and unsecured loans. Generally, secured floating rate loans are secured by specific assets of the borrower. An adjustable rate security includes any fixed income security that requires periodic changes in its interest rate based upon changes in a recognized index interest rate or another method of determining prevailing interest rates. The Fund invests in various types of ABS, such as auto loan and student loan ABS. The Fund is actively managed. On Oct. 25, Pacific Global Senior Loan ETF (FLRT) was acquired by Pacer Funds and relabeled the Pacer Pacific Asset Floating Rate High Income ETF, retaining its ticker.

Yes, FLRT is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FLRT is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FLRT is 0.0113%. This is the percent change in the value of FLRT over the most recent 1-month period. The 3-month return on FLRT is 0.0454%. This is the percent change in the value of FLRT over the most recent 3-month period.

The standard deviation of FLRT for the past year is 0.0326%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FLRT include GVI, BLV, and BSV.

ETFs correlated to FLRT include CVRD, GJUN, and GJUL.

ETFs that are inversely correlated to FLRT include SRS, SJB, and DRV.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.