Pacer Aristotle Pacific Floating Rate High Income ETF
FLRT
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 500 Chesterfield Parkway Malvern PA United States of America 19355
- IPO Date
- Feb 19, 2015
- CIK
- 0001408970
- Website
- paceretfs.com
- Similar Companies
- Business
- Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) is an actively managed exchange-traded fund that seeks to provide a high level of current income by investing at least 80% of its net assets in senior secured floating rate loans and other adjustable rate securities of non-investment grade issuers; these primarily include senior secured bank loans, collateralized loan obligation (CLO) debt securities, and high yield bonds. The fund targets U.S. dollar-denominated adjustable rate securities from domestic and foreign issuers, with a portfolio emphasis on corporate credit research and diversification across approximately 200 holdings, including bank loans (54.55%), asset-backed securities (30.39%), and corporates (8.39%). FLRT trades on the NYSE Arca exchange and serves investors seeking floating-rate exposure to high yield fixed income segments, with assets under management of approximately $533 million, a net expense ratio of 0.60%, and a trailing twelve-month dividend yield around 7%. Launched on February 18, 2015, as part of Pacer Funds Trust and domiciled in the United States, the ETF is advised by Pacer Advisors, Inc., with Aristotle Pacific Capital (formerly Pacific Asset Management LLC) serving as investment sub-advisor. Pacer Advisors is headquartered in Houston, Texas, and oversees a range of thematic and strategy-driven ETFs focused on fixed income, equities, and trend-following approaches. The fund's benchmark includes the S&P/LSTA Leveraged Loan 100 Index, reflecting its focus on the leveraged loan market. Significant recent changes include a 2021 reorganization on October 22, when Pacer acquired the Pacific Global Senior Loan ETF (itself a successor to the AdvisorShares Pacific Asset Enhanced Floating Rate ETF from December 27, 2019), expanding the investment policy to encompass adjustable rate securities beyond solely senior secured floating rate loans while maintaining similar objectives and strategies. Pacer Financial, the parent entity, recently formed a strategic partnership with Save for innovative cash-management solutions to enhance advisor offerings with market-driven alternatives. The sub-advisor transitioned to Aristotle Pacific Capital, and the fund continues to emphasize prudent portfolio management amid elevated interest rates, incorporating a notable cash position and CLO tranches.