Symbols

FLRT

Pacer Aristotle Pacific Floating Rate High Income ETF·ARCA

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Key Stats

Assets Under Management

587.64MUSD

Fund Flows (1Y)

160.40MUSD

Dividend Yield

6.87%

Discount/Premium to NAV

0.04%

Shares Outstanding

12.50M

Expense Ratio

0.60%

About Pacer Aristotle Pacific Floating Rate High Income ETF

Issuer

Pacer Advisors, Inc.

Brand

Pacer

Home Page

https://www.paceretfs.com/products/flrt

Inception Date

Feb 18, 2015

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Pacer Advisors, Inc.

Distributor

Foreside Fund Services LLC

FLRT aims to provide high income from its portfolio of floating-rate US securities. The managers of the fund use a proprietary investment process to protect against the potential downside of investing in the low end of the credit spectrum. The process starts with a top-down macro assessment to decide on the appropriate level of risk according to market conditions. The investment team then performs a bottom-up credit analysis to select individual securities within the defined investment universe. The focus is on the largest/most liquid issues in the space and those that offer the best relative value. On Dec. 27, 2019, the fund was reorganized and became successor to AdvisorShares Pacific Asset Enhanced Floating Rate ETF. On Oct. 22, 2021, the fund became successor to the Pacific Global Senior Loan ETF. Due to the reorganization, the fund included other adjustable rate securities such as CLOs, ABS, and CMBS in its investible securities.