RTL — Pacer Benchmark Retail Real Estate SCTR ETF

RTL Fund Overview

RTL — Pacer Benchmark Retail Real Estate SCTR ETF is a US ETF managed by Pacer Funds Trust, categorised as United States 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: United States Real Estate
• Assets under management: $809.39K
• Ticker: RTL
• SEC CIK: 0001616668
• SEC series ID: S000061569
• Share class ID: C000199430

RTL Investment Objective and Strategy

Pacer Benchmark Retail Real Estate SCTR ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pacer Funds Trust.

Investment objective

The Pacer Benchmark Retail Real Estate SCTR ? ETF (the Fund) is an exchange traded fund that seeks to track the total return performance, before fees and expenses, of the Benchmark Retail Real Estate SCTR ? 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 was developed by Benchmark Investments, LLC, the index provider (the Index Provider), and measures the performance of the retail real estate sectors of the U.S. equity market. The Index The Index is generally composed of the U.S.-listed equity securities of companies that derive at least 85% of their earnings or revenues from real estate operations in the retail real estate sector (Eligible Companies). At the time of each reconstitution of the Index, Eligible Companies with a market capitalization of more than $200 million and average daily traded volume of at least 10,000 shares are included in the Index (the Index Constituents).

A significant portion of the Index is expected to be composed of real estate investment trusts (REITs). The real estate companies included in the Index may utilize leverage, and some may be highly leveraged. Additionally, such companies may include significant business operations outside of the United States. As of November 30, 2017, the Index consisted of 30 securities, the three largest of which and their weights were Simon Property Group Inc. (15.00%), Realty Income Corp. (11.82%), and GGP Inc. (10.63%). The Index is reconstituted and rebalanced quarterly as of the close of business on the third Friday of each March, June, September, and December based on data as of the end of the previous month (each, a Reference Date). Index Constituents are weighted based on their free-float market capitalization ( i.e.

, market capitalization based on the number of shares available to the public), subject to the following constraints as of the time of each reconstitution of the Index . Each Index Constituents weight is capped at 15% and the sum of Index Constituents with weights greater than 4.5% cannot exceed 45% of the total Index weight. If the foregoing limits would be exceeded at the time of a reconstitution of the Index, the excess weight is proportionally redistributed to all Index Constituents with weights below such limits. The Funds Investment Strategy Under normal circumstances, at least 80% of the Funds total assets (exclusive of collateral held from securities lending) will be invested in the component securities of 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. The Fund may also invest up to 20% of its assets in cash and cash equivalents, other investment companies, as well as securities and other instruments not included in the Index but which the Adviser believes will help the Fund track 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.

RTL Costs and Fees

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

• Net expense ratio: 0.60%
• Gross expense ratio: 0.60%
• Portfolio turnover: 60%
• Brokerage commissions: 3.34 bps of average net assets (SEC N-CEN)

RTL Cashflows

Over the 12 months to 2020-04, Pacer Benchmark Retail Real Estate SCTR ETF had net inflows of $5.45M, from monthly SEC N-PORT filings.

RTL Debt Constituents

No individual debt constituents are reported in Pacer Benchmark Retail Real Estate SCTR ETF's latest SEC N-PORT filing.

RTL Prospectus and SEC Filings

Official Pacer Benchmark Retail Real Estate SCTR ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-09-18
• Prospectus (485BPOS) — filed 2018-05-07
• Portfolio holdings (N-PORT) — filed 2020-06-29
• Portfolio holdings (N-PORT) — filed 2020-03-30
• Portfolio holdings (N-PORT) — filed 2019-12-30
• Annual census (N-CEN) — filed 2020-07-14
• Annual census (N-CEN) — filed 2019-07-16

Related Funds

Other United States Real Estate funds tracked on ABC INVEST:

• Vanguard Real Estate Index Fund (VGSIX)
• Vanguard Real Estate II Index Fund (VRTPX)
• Schwab U.S. REIT ETF (SCHH)
• Cohen & Steers Real Estate Securities Fund (CSEIX)
• The Real Estate Select Sector SPDR Fund (XLRE)

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.