Pacer Salt Low truBeta US Market ETF

Data updated: 2023-09-08

C000221362 — Pacer Salt Low truBeta US Market ETF. Developed ex-US Real Estate · $5.75M AUM. Holdings, fees, performance and SEC filings.

C000221362 Fund Overview

Pacer Salt Low truBeta US Market ETF is a US ETF managed by Pacer Funds Trust, categorised as Developed ex-US Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US ETF
Manager: Pacer Funds Trust
Category: Developed ex-US Real Estate
Assets under management: $5.75M
1-year return: 19.3%
SEC CIK: 0001616668
SEC series ID: S000069357
Share class ID: C000221362

C000221362 Investment Objective and Strategy

Pacer Salt Low truBeta US Market ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pacer Funds Trust.

Investment objective

The Pacer Salt Low truBeta US Market ETF (the Fund) is an exchange traded fund (ETF) that seeks to track the total return performance, before fees and expenses, of the Salt Low truBeta US Market Index (the Index).

Principal investment strategy

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 Salt Financial Indices LLC (the Index Provider). The Index The Index uses an objective, rules-based methodology to measure the performance of an equal-weighted portfolio of approximately 100 large and mid-capitalization U.S.-listed stocks with the lowest levels of variability in their historical beta calculations (Beta Variability) and forecasted beta of less than 1.00. Beta is a calculation of an investments systematic risk relative to the market. Construction of the Index begins with the constituents of the Solactive US Large & Mid Cap Index (the Equity Universe), generally the 1,000 largest U.S.-listed common stocks and real estate investment trusts (REITs).

Companies in the Equity Universe are then screened to keep only the 500 stocks with the highest average daily traded value over the past 30 days. The remaining stocks (the Index Universe) are analyzed using a proprietary algorithm developed by the Index Provider to calculate each stocks truBeta forecast, i.e. , its projected beta for the subsequent quarter. A stocks truBeta forecast is calculated based on a stocks historical long-, medium-, and short-term performance, combined with machine learning ( i.e. , a quantitative modeling process that is automatically adjusted based on past results in an attempt to improve accuracy), to evaluate and compare its risk and return to those of the broader U.S. equity market. A stock with a truBeta of 1.00 would be expected to demonstrate a risk and return profile equivalent with the broader U.S.

equity market ( i.e. , the stocks price will move proportionately with levels of the broader market). A stock with a truBeta of less than 1.00 would be expected to be less volatile than the broader U.S. equity market and consequently, outperform the market in a declining market and underperform the market in a rising market. The Index Universe is then further screened to keep only stocks with a truBeta score of less than 1.00. A Beta Variability score is calculated for the remaining stocks (the Eligible Components) based on the absolute difference between the short-term and medium-term data points used to generate the truBeta estimate. A lower score indicates less variability in beta over time. The Index is initially constructed of the 100 Eligible Components with the lowest Beta Variability score, equally-weighted, and subject to a maximum 30% of the number of constituents in the Index being from a single sector.

If more than 30% of the constituents would be from a single sector, the Eligible Component with the next lowest Beta Variability score not from the sector is selected instead of the Eligible Component that would have caused the Index to exceed the 30% limit. As of October 31, 2020, a significant portion of the Index is comprised of companies in the consumer staples, utilities, and health care sectors. The sectors most significantly represented in the Index may change over time. The Index is rebalanced quarterly on the third Friday of March, June, September, and December (each, an Effective Date) based on truBeta forecasts and Beta Variability scores utilizing data as of five business days prior to the Effective Date of the applicable rebalance month (each, a Selection Date). Each rebalance of the Index utilizes constituent prices at the close of trading on the Selection Date for weighting purposes.

To minimize turnover at each quarterly rebalance, stocks remain in the Index unless their truBeta score on the Selection Date is 1.00 or higher, regardless of their Beta Variability score. Additions to the Index at each rebalance are selected using the same process as the initial selection, ranking the Eligible Components not already in the Index by their Beta Variability score and selecting Eligible Components starting with the lowest Beta Variability score to arrive at a total of 100 components. As of October 31, 2020, the Index had an average truBeta of approximately 0.70. Consequently, the Index is expected to be less volatile than the broader U.S. equity market. The Funds Investment Strategy The Fund attempts to invest all, or substantially all, of its assets in the component securities that make up the Index.

The Adviser expects that, over time, the correlation between the Funds 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 in the same approximate proportion as in the Index. To the extent the Index concentrates (i.e. , holds more than 25% of its total assets) in the securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index. As of October 31, 2020, the Index was not concentrated in any industry or group of industries. The Fund is non-diversified and therefore may invest a larger percentage of its assets in the securities of a single issuer or small number of issuers than diversified funds.

C000221362 Performance

Total returns for C000221362 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	19.3%

C000221362 Risk Information

Risk metrics for C000221362, derived from monthly returns in SEC filings.

1-year volatility (annualised): 14.4%

C000221362 Costs and Fees

C000221362 costs about $60 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.60%
Gross expense ratio: 0.60%
Portfolio turnover: 39%

C000221362 Cashflows

Over the 12 months to 2022-01, Pacer Salt Low truBeta US Market ETF had net inflows of $5.36M, from monthly SEC N-PORT filings.

Month	Net flow
2022-01	$801.87K
2021-12	$0
2021-11	$0
2021-10	$0
2021-09	$1.59M
2021-08	$0

C000221362 Debt Constituents

No individual debt constituents are reported in Pacer Salt Low truBeta US Market ETF's latest SEC N-PORT filing.

C000221362 Prospectus and SEC Filings

Official Pacer Salt Low truBeta US Market ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Developed ex-US Real Estate funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.