Key stats
About Pacer Funds Trust Pacer US Cash Cows Bond ETF
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Inception date
Dec 17, 2024
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Pacer Advisors, Inc.
Distributor
Pacer Financial, Inc.
MILK is passively managed to mirror the total return performance, before fees and expenses, of the Solactive Pacer US Cash Cows Bond Index. This index is crafted using a proprietary methodology which tracks corporate bonds from companies linked to Pacer US Cash Cows 100 and Pacer US Large Cap Cash Cows Growth Leaders Indices. These indices focus on firms with high free cash flow yield and margins, termed cash cows. The index includes USD-denominated bonds meeting criteria like maturity over one year and high credit ratings. It excludes bonds rated below single B. An optimization process selects bonds to maximize yield while maintaining duration and sector parity with traditional bond indices. Equal weighting limits issuers to 4% and individual bonds to 1%. The index reconstitutes annually and rebalances monthly. MILK is non-diversified, which means it may concentrate investments if the index does so, holding securities from fewer issuers than diversified funds.
Classification
What's in the fund
Exposure type
Corporate
Stock breakdown by region
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