(FLRT) Pacer Pacific Asset - Overview
ETF Category: Bank Loan | Exchange: NYSE ARCA (USA) | Market Cap: 598m USD | Total Return: 6.1% in 12m
FLRT is an ETF investing primarily in income-producing adjustable-rate securities. These securities typically have interest payments that reset periodically, often every 30 to 90 days, based on a benchmark rate like SOFR.
The fund allocates at least 80% of its net assets to senior secured floating-rate loans and other adjustable-rate instruments. Senior secured loans are debt obligations that take precedence over other unsecured debt in the event of a borrowers default, and they are backed by specific collateral.
FLRT focuses on below-investment-grade (high-yield) loans and adjustable-rate securities. This category of debt, often called junk bonds, carries a higher risk of default compared to investment-grade bonds, but offers potentially higher yields to compensate investors for that risk.
Further research into FLRTs holdings and historical performance on platforms like ValueRay can provide additional insights.
- Interest rate hikes increase floating rate loan income
- Default rates on high-yield loans impact fund performance
- Credit spread widening reduces bond valuations
- Regulatory changes affect leveraged loan market
- Economic downturn increases borrower default risk
Over the past week, the price has changed by +0.32%, over one month by +0.74%, over three months by -0.31% and over the past year by +6.12%.
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