Pacer PE/VC ETF
PEVC
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- Pacer Funds Trust - Pacer PE/VC ETF (PEVC) is an exchange-traded fund that seeks to track the FTSE Private Equity Venture Capital Index, providing investors with liquid access to the risk-return characteristics of U.S. private equity buyouts and venture capital assets through a systematic, quantitative replication process using publicly traded U.S. large-cap stocks, ETFs, and futures contracts. The fund dynamically allocates between the FTSE Private Equity Buyout Index (typically 50%-90% weighting) and the FTSE Venture Capital Index via monthly rebalancing optimized for forward-looking expected return per unit of volatility, employing proprietary econometric models based on macroeconomic, financial market, and private market data; this approach aims to deliver enhanced risk-adjusted performance over static exposures at a low net expense ratio of 0.85%, while offering greater liquidity, lower costs, and diversification across the U.S. PE/VC universe compared to traditional private market funds with long lock-ups and capital calls. Pacer ETFs, the issuer, headquartered in Malvern, Pennsylvania, and founded in 2015, operates primarily in the United States, distributing a suite of strategy-driven, rules-based ETFs including the flagship Cash Cows series focused on high free cash flow companies for growth, value, and blend strategies; the Trendpilot series employing trend-following for market uptrend participation and downtrend risk mitigation; and newer offerings like PEVC targeting alternative asset replication. Launched on February 3, 2025, PEVC represents Pacer ETFs' strategic expansion into private market proxies amid robust firm growth, with assets under management surging 31% to over $46 billion by December 31, 2024, fueled by the introduction of 10 new funds that year including additions to the Cash Cows Index ETF series such as the Pacer US Cash Cows Bond ETF (MILK) and Pacer Nasdaq-100 Cash Cows Leaders ETF (COWG).