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.
Frequently asked questions
What is the Pacer Pacific Asset Floating Rate High Income ETF (FLRT) expense ratio?
The Pacer Pacific Asset Floating Rate High Income ETF funds expense ratio is 0.61%.
What is Pacer Pacific Asset Floating Rate High Income ETF (FLRT) current stock price?
As of the latest data, Pacer Pacific Asset Floating Rate High Income ETF stock price is $46.82, with a previous close of $46.79. Pacer Pacific Asset Floating Rate High Income ETF gained $0.03 in the last trading session, representing a 0.06% increase.
Does Pacer Pacific Asset Floating Rate High Income ETF (FLRT) pay dividends?
Yes. Pacer Pacific Asset Floating Rate High Income ETF pays monthly dividends with an annualized yield of 6.69% and an estimated annual payout of $3.13 per share.
