FLRT
Pacer Aristotle Pacific Floating Rate High Income ETF
📎 Investment Objective
The Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) seeks to provide current income by investing primarily in floating rate bank loans and other floating rate debt securities of U.S. and foreign issuers.
Overview
ETF tracking Pacer Aristotle Pacific Floating Rate High Income ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) seeks to provide current income by investing primarily in floating rate bank loans and other floating rate debt securities of U.S. and foreign issuers.
🎯 Investment Strategy
The fund invests at least 80% of its net assets in floating rate bank loans and other floating rate debt securities. The portfolio managers use a fundamental, bottom-up approach to select investments, focusing on issuers with strong credit profiles and the ability to generate sustainable cash flows.
✨ Key Features
- Focuses on floating rate debt securities, which can provide a hedge against rising interest rates
- Diversified portfolio of U.S. and foreign issuers to provide exposure across global credit markets
- Actively managed by experienced portfolio managers to identify attractive investment opportunities
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Credit risk: The fund is exposed to the risk of default or deterioration in credit quality of the underlying debt securities
- Interest rate risk: Floating rate securities can still be impacted by changes in interest rates, though to a lesser degree than fixed-rate bonds
- Foreign investment risk: Investments in non-U.S. securities may be subject to currency fluctuations and other risks
- Liquidity risk: The fund may have difficulty selling certain illiquid or less liquid securities at favorable prices
👤 Best For
This ETF may be suitable for investors seeking current income and a hedge against rising interest rates, with a medium to long-term investment horizon and a moderate risk tolerance. It may be particularly appealing to investors looking to diversify their fixed income exposure beyond traditional bonds.