Pacer Pacific Asset Floating Rate High Income ETFFLRT
FLRT
0
Funds holding %
of 6,815 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
138% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 16
100% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 4 (+2) [Q3]
60% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 10
19% more capital invested
Capital invested by funds: $181M [Q2] → $214M (+$33.6M) [Q3]
9% more funds holding
Funds holding: 69 [Q2] → 75 (+6) [Q3]
0.08% less ownership
Funds ownership: 55.88% [Q2] → 55.79% (-0.08%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for FLRT.
Financial journalist opinion
Positive
Seeking Alpha
3 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
9 months 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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