TRPL — Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF

TRPL Fund Overview

TRPL — Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF is a US ETF managed by Pacer Funds Trust, categorised as Alternative. 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: Alternative
• Assets under management: $1.03M
• 1-year return: 20.3%
• Ticker: TRPL
• SEC CIK: 0001616668
• SEC series ID: S000072256
• Share class ID: C000228209

TRPL Investment Objective and Strategy

Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pacer Funds Trust.

Investment objective

The Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF (the Fund) is an exchange traded fund (ETF) that seeks to track the total return performance, before fees and expenses, of the Metaurus US Large Cap Dividend Multiplier Index Series 300 (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 Metaurus Advisors LLC (Metaurus), the Funds sub-adviser and the Funds index provider. All or a portion of the methodologies and algorithms used to calculate the Index are covered by one or more granted or pending U.S. patents owned by Metaurus. The Index The Index, as designed, has two components: (i) an S&P 500 Index component (the S&P 500 Component) and (ii) a dividend component (the Dividend Component) consisting of long positions in annual futures contracts that provide exposure to ordinary dividends paid on the common stocks of companies included in the S&P 500 (S&P Dividend Futures).

The S&P 500 Index consists of approximately 500 leading U.S.-listed companies representing approximately 80% of the U.S. equity market capitalization. The Dividend Component is designed to give the Fund exposure to approximately 300% of the ordinary dividends the Fund would otherwise have expected to receive from its investment in the S&P 500 Component. The Dividend Component consists of annual futures contracts whose value represents the markets expectation of the amount of ordinary dividends to be paid by S&P 500 companies during the term of the futures contract. As of June 30, 2023 , the S&P 500 Component comprised approximately 92% of the Index. S&P Dividend Futures seek to allow investors in these instruments to obtain exposure to the actual dividend value that will be paid by the S&P 500 constituent companies over a period of time.

The amount of such futures contracts will generally result in exposure to such dividends that is significantly greater than the amount of dividends that the Fund would normally receive from its direct investment in S&P 500 constituent companies ( i.e. , approximately 300% of such dividends that the Fund would normally have received). S&P Dividend Futures provide for the future sale by one party and purchase by another party of a specified dividend value of the S&P 500 at a specified future time and at a specified price. S&P Dividend Futures are standardized contracts traded on a recognized exchange. The Funds investment in S&P Dividend Futures will generally include the three most current annual S&P Dividend Futures contracts ( e.g. , in June 2021, the Fund would invest in the 2021, 2022, and 2023 contracts.

The Index is typically rebalanced each December, at the end of the trading day on which the current years S&P Dividend Futures expire. At each rebalancing date, the current years annual S&P Dividend Futures will be replaced by the then closest maturing contract in three years. On each Index rebalancing date, the composition of the Index is expected to change. 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 Fund will generally use a replication strategy to achieve its investment objective, meaning it will seek to invest in all of the component securities of the Index in the same approximate proportion as in the Index. The Fund attempts to replicate the S&P 500 Component by investing in equity securities, long positions in futures contracts on the S&P 500, or exchange-traded funds that invest in common stocks that are included in the S&P 500.

The Fund attempts to replicate the Dividend Component through long positions in exchange-traded S&P Dividend Futures. To collateralize the Funds long positions in S&P Dividend Futures, the Fund typically holds U.S. Treasury securities with maturity dates similar to the expiration dates of the S&P Dividend Futures. The Fund may also collateralize the long positions with cash or cash equivalents. The Fund typically holds cash, cash equivalents, or U.S. Treasury securities in approximately the same amount as the notional value of the S&P Dividend Futures in order to offset any embedded leverage. Under normal circumstances, at least 80% of the Funds net assets (plus any borrowings for investment purposes) will be invested in large cap equity securities that are principally traded in the United States and derivatives based on those securities.

The Fund defines equity securities to mean common and preferred stocks, rights, warrants, depositary receipts, and ETFs. Additionally, the Fund defines large cap to mean a company included in the S&P 500. 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.

TRPL Holdings

Top 1 holdings of Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all TRPL holdings

TRPL Portfolio Allocation

Asset-class allocation of Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF by percentage of net assets, from the latest SEC N-PORT filing.

TRPL Performance

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

TRPL Risk Information

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

• 1-year volatility (annualised): 13.2%

TRPL Costs and Fees

TRPL costs about $79 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.79%
• Gross expense ratio: 0.79%
• Portfolio turnover: 2%
• Brokerage commissions: 0.06 bps of average net assets (SEC N-CEN)

TRPL Cashflows

Over the 12 months to 2024-01, Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF had net inflows of $901.33K, from monthly SEC N-PORT filings.

TRPL Debt Constituents

No individual debt constituents are reported in Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF's latest SEC N-PORT filing.

TRPL Prospectus and SEC Filings

Official Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2023-08-25
• Prospectus (485BPOS) — filed 2022-08-26
• Prospectus (485BPOS) — filed 2021-07-01
• Portfolio holdings (N-PORT) — filed 2024-03-28
• Portfolio holdings (N-PORT) — filed 2023-12-22
• Portfolio holdings (N-PORT) — filed 2023-09-29
• Annual census (N-CEN) — filed 2024-01-12
• Annual census (N-CEN) — filed 2023-07-12

Related Funds

Other Alternative funds tracked on ABC INVEST:

• iShares 0-3 Month Treasury Bond ETF (SGOV)
• Vanguard Short-Term Inflation-Protected Securities Index Fund (VTAPX)
• SPDR® Bloomberg Barclays 1-3 Month T-Bill ETF (BIL)
• Vanguard Inflation-Protected Securities Fund (VIPSX)
• iShares 0-1 Year Treasury Bond ETF (SHV)

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.