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FLRT / FLRT: Little 9% Yielding Gem From Pacer

The Pacer Pacific Asset Floating Rate High Income ETF, a smaller fund with $120 million in assets, has seen its AUM increase significantly since the start of the rate hiking cycle. The fund's portfolio blends floating rate leveraged loans with ABS/CLO securities; it currently has a 30-day SEC yield of 9%. Despite taking slightly more risk through its composition, the fund has had a total return in the past year exceeding its pure floating rate loan peers, making it an attractive investment option. Read More

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FLRT

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Posted: Jul 25 2023, 01:07

Author Name: Seeking Alpha

FLRT News

By Seeking Alpha
July 25, 2023

FLRT: Little 9% Yielding Gem From Pacer

The Pacer Pacific Asset Floating Rate High Income ETF, a smaller fund with $120 million in assets, has seen its AUM increase significantly since the s

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