(FLRT) Pacer Pacific Asset - NYSE
ETF Category: Bank Loan | Exchange: NYSE (USA) | Market Cap: 622m USD | Total Return: 5.7% in 12m
Avg Turnover: 4.39M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
FLRT is a bank loan-focused ETF that pursues its objective by building a concentrated portfolio of income-producing, adjustable-rate securities. Under normal conditions, the fund commits at least 80% of its net assets to senior secured floating rate loans and similar adjustable-rate instruments, with the portfolio primarily consisting of below-investment-grade credits (commonly known as junk bonds or leveraged loans) or unrated securities deemed comparable by the Sub-Adviser.
Floating rate loans are debt obligations whose interest payments periodically reset to reflect changes in a benchmark rate, such as the Secured Overnight Financing Rate (SOFR). Because coupons adjust with prevailing rates, this structure can help mitigate interest rate risk compared to fixed-rate bonds, while the senior secured position provides priority claim on the borrowers assets in the event of default.
- Fed rate cuts compress floating rate loan yields
- Rising defaults pressure high yield loan valuations
- Bank loan ETF competition intensifies as assets grow
As of June 20, 2026, the stock is trading at USD 46.92 with a total of 55,848 shares traded.
Over the past week, the price has changed by +0.17%,
over one month by +0.46%,
over three months by +2.43% and
over the past year by +5.74%.
Pacer Pacific Asset has no consensus analysts rating.