USX:FLRT - Pacer Pacific Asset Floating Rate High Income ETF Pacer Pacific Asset Floating R
Sector: Unknown, Industry: Unknown
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USD 47.76    +0.03 (+0.06%)

17 Apr 2024


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Top 5 Holdings

iShares Trust - iShares iBoxx $ High Yield Corporate Bond ETF, 0.3859%

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Eagle Point Cred, 0.0125%

Description

The fund seeks to achieve its investment objective by selecting a focused portfolio comprised primarily of income-producing adjustable rate securities. Under normal circumstances, it will invest at least 80% of its net assets in senior secured floating rate loans and other adjustable rate securities. The fund is expected to invest primarily in loans and Adjustable Rate Securities that are rated below investment grade (i.e., high yield securities, sometimes called "junk bonds" or non-investment grade securities) or, if unrated, of comparable quality as determined by the Sub-Adviser.

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