Pacer Pacific Asset Floating Rate High Income ETFFLRT
FLRT
0
Funds holding %
of 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
169% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 16
167% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 6
11% more funds holding
Funds holding: 75 [Q3] → 83 (+8) [Q4]
8% more capital invested
Capital invested by funds: $214M [Q3] → $231M (+$16.2M) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q3] → 4 (+0) [Q4]
2.33% less ownership
Funds ownership: 55.79% [Q3] → 53.47% (-2.33%) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for FLRT.
Financial journalist opinion
Neutral
Seeking Alpha
1 month ago
FLRT: Still A Robust Hold, 7% Yield
Pacer Pacific Asset Floating Rate High Income ETF strategically blends leveraged loans and CLO tranches, with a notable and commendable large cash position, reflecting prudent management in a tight credit spread environment. The ETF exhibits exceptionally low historical volatility and shallow drawdowns, attributed to the floating-rate nature of its holdings and its focus on higher-quality below-investment-grade debt. FLRT offers a respectable yield with "honest" distributions, meaning the yield is generated by the underlying assets, avoiding return of capital.
Positive
Seeking Alpha
6 months ago
FLRT: For Higher Rates And Tight Credit Spreads
Elevated rates are great for floating rate funds. FLRT focuses on non-investment grade holdings which have done well in this cycle. So long as we have elevated rates and a strong economy, this fund makes sense to consider allocating to.
Negative
Seeking Alpha
1 year ago
FLRT: No Longer An Attractive Entry Point (Rating Downgrade)
Pacer Pacific Asset Floating Rate High Income ETF has delivered outstanding results since our initial coverage of the name. FLRT is a low-duration instrument with a collateral pool consisting of leveraged loans and CLOs. The fund contains embedded leverage in the form of BB-rated CLO tranches, making it riskier compared to simple leveraged loan funds.
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