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Trending ETFs

Pacer Lunt Large Cap Alternator ETF

ETF
ALTL
Payout Change
Pending
Price as of:
$40.1 -0.11 -0.27%
primary theme
U.S. Large-Cap Value Equity
ALTL (ETF)

Pacer Lunt Large Cap Alternator ETF

Payout Change
Pending
Price as of:
$40.1 -0.11 -0.27%
primary theme
U.S. Large-Cap Value Equity
ALTL (ETF)

Pacer Lunt Large Cap Alternator ETF

Payout Change
Pending
Price as of:
$40.1 -0.11 -0.27%
primary theme
U.S. Large-Cap Value Equity

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$40.10

$675 M

1.69%

$0.68

0.60%

Vitals

YTD Return

-0.9%

1 yr return

-8.7%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$675 M

Holdings in Top 10

12.0%

52 WEEK LOW AND HIGH

$40.2
$35.10
$46.30

Expenses

OPERATING FEES

Expense Ratio 0.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$40.10

$675 M

1.69%

$0.68

0.60%

ALTL - Profile

Distributions

  • YTD Total Return -0.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.59%
DIVIDENDS
  • Dividend Yield 1.7%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Pacer Lunt Large Cap Alternator ETF
  • Fund Family Name
    Pacer
  • Inception Date
    Jun 24, 2020
  • Shares Outstanding
    15750017
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Bruce Kavanaugh

Fund Description

The Fund employs a “passive management” (or indexing) investment approach designed to track the total return performance, before fees and expenses, of the Index. The Index is based on a proprietary methodology developed by Lunt Capital Management, Inc. (“Lunt Capital” or the “Index Provider”).
The Index
The Index uses an objective, rules-based methodology to provide exposure to large-capitalization U.S. companies. The Index uses Lunt Capital’s proprietary relative strength methodology to rotate between the holdings of one of two sub-indices, the S&P 500 Low Volatility Index and the S&P 500 High Beta Index (each, a “Sub-Index,” and together, the “Sub-Indices”), that seek to identify the 100 components of the S&P 500 Index that most strongly exhibit a particular trait (e.g., low volatility or high beta). Each Sub-Index is composed of the 100 securities comprising the S&P 500 Index that most strongly exhibit the characteristic screened for by the Sub-Index. The S&P 500 is a free-float weighted index that measures the performance of the large-cap segment of the U.S. equity market. The S&P 500 includes approximately 500 leading companies and captures approximately 80% of the U.S. market capitalization. Accordingly, each Sub-Index is composed of large-capitalization equity securities. S&P Opco LLC (a subsidiary of S&P Dow Jones Indices, LLC) compiles, maintains, and calculates the S&P 500 Index and the Sub-Indices.
The S&P 500 Low Volatility Index is composed of the 100 securities comprising the S&P 500Index that have exhibited the lowest realized volatility over the prior 12 months. Each stock comprising the S&P 500 Low Volatility Index is
weighted by the inverse of its volatility with the least volatile stocks receiving the highest weights. Volatility is a statistical measurement of the magnitude of price fluctuations in a stock’s price over time.
The S&P 500 High Beta Index is composed of the 100 securities comprising the S&P 500 Index that have exhibited the highest sensitivity to market movements, or “beta,” over the prior 12 months. The weight of each stock in the S&P 500 High Beta Index is proportionate to its beta, rather than to its market capitalization. Beta is a measure of relative risk and is the rate of change of a security’s price.
The Index utilizes Lunt Capital’s proprietary relative strength analysis in its attempt to determine which Sub-Index is likely to exhibit better price performance than the other Sub-Index. Pursuant to this methodology, the Index Provider calculates the “Risk Adjusted Score” for each Sub-Index. Each Sub-Index’s “Risk-Adjusted Score” is calculated using the Sub-Index’s standard deviation of returns over the prior 12 months. On the final trading day of each month, the Index Provider computes the relative strength of each Sub-Index by comparing each Sub-Index’s Risk-Adjusted Score. The Index Provider considers the Sub-Index with the higher Risk-Adjusted Score to have the higher relative strength. The Index is composed of the securities comprising the Sub-Index demonstrating the greater relative strength. The Index is reconstituted and rebalanced monthly, except when the Index methodology would not result in a change in the Sub-Index comprising the Index at such time.
The Fund’s Investment Strategy
Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of large cap companies. The Fund considers a a company to be a “large cap company” at the time of purchase if it was included in the S&P 500 at any time within the prior 12 months. The Fund’s investment adviser expects that, over time, the correlation between the Fund’s performance and that of the Index, before fees and expenses, will be 95% or better.
The Fund will generally use a “replication” strategy to achieve its investment objective, meaning it will invest in all of the component securities of the Index.
The Fund is considered to be non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund.
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ALTL - Performance

Return Ranking - Trailing

Period ALTL Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -21.2% 27.4% 94.41%
1 Yr -8.7% -61.3% 51.5% 62.51%
3 Yr N/A* -24.6% 59.7% N/A
5 Yr N/A* -18.2% 28.7% N/A
10 Yr N/A* -16.3% 14.8% N/A

* Annualized

Return Ranking - Calendar

Period ALTL Return Category Return Low Category Return High Rank in Category (%)
2022 -10.7% -65.1% 38.0% 41.53%
2021 20.5% -25.3% 29.0% 0.92%
2020 N/A -8.4% 56.7% N/A
2019 N/A -24.3% 10.4% N/A
2018 N/A -17.8% 21.9% N/A

Total Return Ranking - Trailing

Period ALTL Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -21.2% 27.4% 94.02%
1 Yr -8.7% -61.3% 61.5% 63.42%
3 Yr N/A* -24.6% 59.7% N/A
5 Yr N/A* -17.3% 31.7% N/A
10 Yr N/A* -3.4% 21.6% N/A

* Annualized

Total Return Ranking - Calendar

Period ALTL Return Category Return Low Category Return High Rank in Category (%)
2022 -10.7% -65.1% 38.0% 41.53%
2021 20.5% -25.3% 29.0% 0.92%
2020 N/A -8.4% 56.7% N/A
2019 N/A -24.3% 10.4% N/A
2018 N/A -8.9% 21.9% N/A

ALTL - Holdings

Concentration Analysis

ALTL Category Low Category High ALTL % Rank
Net Assets 675 M 390 K 151 B 53.54%
Number of Holdings 101 2 1727 33.28%
Net Assets in Top 10 81.1 M 2.1 K 32.3 B 69.53%
Weighting of Top 10 12.02% 2.8% 99.2% 97.62%

Top 10 Holdings

  1. Enphase Energy Inc 1.71%
  2. SolarEdge Technologies Inc 1.70%
  3. Lam Research Corp 1.64%
  4. Tesla Inc 1.58%
  5. Lincoln National Corp 1.55%
  6. NVIDIA Corp 1.54%
  7. Norwegian Cruise Line Holdings Ltd 1.49%
  8. Monolithic Power Systems Inc 1.49%
  9. Carnival Corp 1.48%
  10. Caesars Entertainment Inc 1.47%

Asset Allocation

Weighting Return Low Return High ALTL % Rank
Stocks
99.80% 10.06% 125.26% 18.31%
Cash
0.20% -88.20% 89.94% 79.56%
Preferred Stocks
0.00% 0.00% 19.30% 90.27%
Other
0.00% -2.02% 26.80% 88.53%
Convertible Bonds
0.00% 0.00% 3.66% 90.05%
Bonds
0.00% 0.00% 80.18% 90.05%

Stock Sector Breakdown

Weighting Return Low Return High ALTL % Rank
Utilities
25.93% 0.00% 27.04% 0.38%
Consumer Defense
20.62% 0.00% 34.10% 2.29%
Industrials
12.66% 0.00% 42.76% 35.62%
Financial Services
11.69% 0.00% 58.05% 93.44%
Real Estate
11.22% 0.00% 90.54% 1.53%
Healthcare
10.74% 0.00% 35.91% 92.07%
Consumer Cyclical
3.19% 0.00% 22.74% 90.08%
Technology
1.74% 0.00% 54.02% 97.48%
Communication Services
1.26% 0.00% 26.58% 93.75%
Basic Materials
0.95% 0.00% 21.69% 90.31%
Energy
0.00% 0.00% 54.00% 99.77%

Stock Geographic Breakdown

Weighting Return Low Return High ALTL % Rank
US
98.82% 9.63% 121.23% 14.44%
Non US
0.98% 0.00% 45.02% 77.66%

ALTL - Expenses

Operational Fees

ALTL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.01% 4.02% 74.35%
Management Fee 0.60% 0.00% 1.50% 58.74%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

ALTL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.95% 5.50% N/A

Trading Fees

ALTL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ALTL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 488.00% N/A

ALTL - Distributions

Dividend Yield Analysis

ALTL Category Low Category High ALTL % Rank
Dividend Yield 1.69% 0.00% 42.29% 33.53%

Dividend Distribution Analysis

ALTL Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

ALTL Category Low Category High ALTL % Rank
Net Income Ratio 1.59% -1.51% 4.28% 37.22%

Capital Gain Distribution Analysis

ALTL Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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ALTL - Fund Manager Analysis

Managers

Bruce Kavanaugh


Start Date

Tenure

Tenure Rank

Jun 24, 2020

1.93

1.9%

Mr. Kavanaugh has been Vice President of the Adviser since it began operations in 2004. He has been a portfolio manager with the Adviser since 2013.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 86.59 7.87 16.42