Financial News
Pacer ETFs Celebrates Rapid Growth in 2021, Crosses the $10 Billion AUM Mark as It Sets Stage For 2022
The six-year-old issuer grew AUM to $10.2B, launched new and innovative products and hired high-level talent
Pacer ETFs (“Pacer”), an ETF provider that offers strategy-driven, rules-based ETFs, has grown assets under management to $10.2 billion, a 76% increase from Dec. 31, 2020.
“We are very pleased with the growth we’ve achieved in our first six years,” says Sean O’Hara, president of Pacer ETF Distributors. “We have proven to be an ETF provider that investors and advisors turn to for distinguished products across the board. I am looking forward to 2022 as we look to do even more for our advisors and partners through new products and refined strategies.”
In 2021, Pacer experienced notable growth across its existing ETF products, including:
- The Pacer Cash Cows Index® ETF Series finished the year with $2 billion in AUM. This milestone follows the latest success of the Pacer US Small Cap Cash Cows 100 ETF ($CALF) and the five-year-old Pacer US Cash Cows 100 ETF ($COWZ) which both boast 5-star overall ratings on Morningstar™ (overall rating out of 414 Small Value funds and 1,147 Large Value funds, respectively, based on risk adjusted returns as of 11/30/21).
- The Pacer Trendpilot US Bond ETF surpassed $1.3 billion in AUM, after being launched in October of 2019.
In addition to those milestones, Pacer also added 12 funds through new launches and acquisitions, including:
- The Pacer Swan SOS series, in partnership with Swan Global Management, LLC, which seeks to provide predetermined target investment outcomes based upon the performance of an underlying security by including a buffer and a cap over an approximate one-year period.
- The Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF ($QDPL), in partnership with Metaurus Advisors, LLC, which seeks to offer investors cash distributions equal to 400% of the S&P 500 dividend yield in exchange for modestly lower exposure to the price return performance of the S&P 500.
- The Pacer Pacific Asset Floating Rate High Income ETF ($FLRT), acquired from Pacific Global ETFs, seeks to provide a high level of current income by investing primarily in floating-rate loans of non-investment-grade companies.
To enable Pacer’s growth, the firm added 46 employees in 2021. In total, Pacer now has 117 employees - 90 of whom are internal and external wholesalers. In order to sustain its growth trajectory, Pacer also established a third distribution channel. This development divides the vast independent and wirehouse channels by targeting a new audience to help propel further growth. Pacer is still building out this channel and is actively recruiting qualified individuals.
“We owe much of our success to the ongoing support we receive from our employees, investors and partners,” says Joe Thomson, founder and president of Pacer Financial. “It has been an absolute privilege to watch Pacer grow into what we are today and that would not be possible without our team of highly-skilled and dedicated professionals. Our future remains bright and we are excited to continue to deliver for our clients and grow our firm.”
About Pacer ETFs
Pacer ETFs is a strategy-driven exchange-traded fund provider with 43 ETFs and over $10 billion in assets under management, as of Dec. 31, 2021. Pacer ETFs is focused on addressing investors’ needs through its six fund families: the Pacer Trendpilot® Series, Pacer Cash Cows Index® Series, Pacer Custom ETF Series, Pacer Leaders ETF Series, Pacer Factor ETF Series and Pacer Swan SOS ETF Series.
For more information, please visit PacerETFs.com.
Disclosures
Before investing you should carefully consider the Fund’s 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 1-877-577-2000. Please read the prospectus carefully before investing.
An investment in the Funds is subject to investment risk, including the possible loss of principal. Pacer ETF shares may be bought and sold on an exchange through a brokerage account. Brokerage commissions and ETF expenses will reduce investment returns. There can be no assurance that an active trading market for ETF shares will be developed or maintained. The risks associated with these funds are detailed in the prospectus.
Investing in structured outcome ETFs could include risk factors such as buffered loss risk, cap change risk, capped upside risk, counterparty risk, ETF risks, FLEX options correlation risk, FLEX options liquidity risk, FLEX options valuation risk, investment period risk, large-capitalization investing risk, management risk, market risk, new fund risk, non-diversification risk, special tax risk, underlying ETF risk, and/or special risks of exchange traded funds.
Investing in a floating rate loan ETFs could include risk factors such as floating rate loan risk, CLO risk, asset-backed securities risk, CMBS risk, high yield securities risk, fixed income risk, LIBOR risk, foreign securities risk, market risk, ETF risks, liquidity risk, privately issued securities risk, management risk, sector risk and small fund risk.
Dividends Risk: There can be no assurance that a dividend-paying company will continue to make regular dividend payments. The ability for a company to pay dividends is dependent on the economic climate and the companies’ current earnings and capital resources. Changes in economic conditions or a company’s earnings or financial resources could cause a company to reduce its dividend payments or suspend the payment of dividends altogether. The possibility that such companies could reduce or eliminate the payment of dividends in the future, especially if the companies are facing an economic downturn, could negatively affect the Fund’s performance.
2020 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
COWZ Overall Morningstar Rating 4 stars: Class ETF Shares, Large Value category; 1,147 funds. 3-year rating 4 stars; 1,147 funds. 5- and 10-year periods not rated. Ratings reflect risk-adjustment performance. Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.
CALF Overall Morningstar Rating 5 stars: Class ETF Shares, Small Value category; 414 funds. 3-year rating 5 stars; 414 funds. 5- and 10-year periods not rated. Ratings reflect risk-adjustment performance. Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.
The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED
Distributor: Pacer Financial, Inc., member FINRA, SIPC, an affiliate of Pacer Advisors, Inc.
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Pacer ETFs celebrates $10 billion AUM milestone following successful 2021
Contacts
Media
Trevor Davis
Gregory FCA for Pacer ETFs
215-475-5931
trevor@gregoryfca.com
Company
Ashlee Thomson for Pacer ETFs
610-981-6214
ashlee.thomson@pacerfinancial.com
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