Pacer Aristotle Pacific Floating Rate High Income ETF · AMEX:FLRT
Pacer Aristotle Pacific Floating Rate High Income ETF — Pacer Pacific Asset Floating Rate High Income ETF — Investor Presentation (October 2021)
12 slides from Pacer Aristotle Pacific Floating Rate High Income ETF's investor presentation, October 2021
Slide 1: Institutional Presentation: Pacer Pacific Asset Floating Rate High Income ETF (FLRT)
Institutional Presentation PACER PACIFIC ASSET FLOATING RATE HIGH INCOME ETF (FLRT) FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR USE WITH THE INVESTING PUBLIC.
Slide 2: Investment risks and important disclosures
BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER THE FUNDS’ INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES. THIS AND OTHER INFORMATION IS IN THE PROSPECTUS. A COPY MAY BE OBTAINED BY VISITING WWW.PACERETFS.COM OR CALLING 1-877-337-0500. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE INVESTING. An in
Slide 3: Meet the Advisors
MEET THE ADVISORS PACER ADVISORS, INC Pacer Advisors Pacific Asset Management Advisor Sub-Advisor Bruce Kavanaugh - Head of Investment Operations Bob Boyd – Managing Director Michael Mack - Portfolio Manager Ying Qiu – Managing Director Firm Introduction Firm Introduction • Founded in 2005 • Founded
Slide 4: Pacific Asset Management Experience: Strategies
PACIFIC ASSET MANAGEMENT EXPERIENCE Strategies Strategy AUM ($m) Vehicle Availability5 Bank Loan Strategies1 5,818 SA, CF, MF • Focused on corporate debt Structured Products 3,009 SA, CF, CLO Short Duration Strategies 2 2,716 SA, MF • Primary disciplines are Bank Loans, High Yield, Investment Grade,
Slide 5: Key Differentiators: Focused Skillset & Experience
KEY DIFFERENTIATORS Focused Skillset & Experience • Bank Loan Credit Research • Manager underwriting • Bank Loan Expertise • Risk Analysis • Structured Product Expertise • Trading COMPREHENSIVE • Structured Product Analysis SKILLSET • Deal structuring • Experienced Portfolio Management & Trading • S
Slide 6: Historically Low Default Rate in the Bank Loan Strategy
PACIFIC ASSET MANAGEMENT EXPERIENCE Historically Low Default Rate YEAR-BY-YEAR DEFAULT RATES as of 9/30/21 in the Bank Loan Strategy 18 Corporate (Bank) Loan Strategy Default Rate Issuer Weighted Default Rate (%) We believe loss avoidance is a critical factor 16 LTM Moody's Loan Issuer Default Rate
Slide 7: Focus on Liquid Loans: larger issuers provide flexibility
PACIFIC ASSET MANAGEMENT FOCUS ON LIQUID LOANS We have historically focused on larger issuers because it provides greater flexibility. FACILITY SIZES By Facility/ Loan Size 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 Index1 $300m or 1 2 2 3 1 0 1 1 0 0 0 0 0
Slide 8: CLO Debt Characteristics: Key Characteristics
CLO DEBT CHARACTERISTICS Key Characteristics Default rates Due to securitization, credit support, and covenants, CLO default rates have historically been significantly lower than similarly rated debt securities. Yield Typically a meaningful yield pickup over similarly rated corporate and high yield
Slide 9: What Is a CLO?
WHAT IS A CLO? Collateralized Loan Obligations • A Collateralized Loan Obligation or “CLO” is a pool of broadly syndicated senior secured loans that are structured into securities with various risk and return expectations. • The CLO is divided into various securities or “tranches.” Senior and mezzan
Slide 10: FLRT Flexible Investment Strategy
FLRT FLEXIBLE INVESTMENT STRATEGY Ability to Shift Among Sectors While Maintaining Liquidity SENIOR SECURED BANK LOANS CLO DEBT SECURITIES HIGH YIELD BONDS • Focused on the largest, most liquid • Established CLO issuers • Generally lower duration issues in the market • Strong underlying collateral •
Slide 11: Performance
PERFORMANCE Total Returns (%) as of 9/30/21 Total Returns (%) as of 9/30/21 Total Fund Since Fund Ticker Expenses Inception 1 Month 3 Month YTD 1 Year 3 Year 5 Year Inception Pacer Pacific Asset Floating Rate High NAV 0.44 0.81 2.80 6.04 3.51 3.42 3.31 Income ETF FLRT 0.60% 2/18/15 Market Price 0.34
Slide 12: www.paceretfs.com
www.paceretfs.com 877-337-0500 § www.paceretfs.com PCR202210_FLRTPB 9/30/21
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