FLRT
chart-icon-white Pacific Global Senior Loan ETF

PACIFIC GLOBAL
SENIOR LOAN ETF      

TICKER: FLRT

OVERVIEW
Fund Information
Pacific Global Senior Loan ETF seeks to provide a high level of current income. FLRT invests primarily in floating-rate loans of non-investment-grade companies. These investments can serve as both an income driver and a hedge against rising interest rates. Floating-rate loans, also known as senior bank loans, are variable-rate loans made by financial institutions to companies that are generally considered to have low credit quality.
Benchmark
S&P/LSTA Leveraged Loan 100
Inception Date
2/18/15
Management Style
Active
CUSIP
69434K403
Total Expense Ratio
0.68%
Asset Class
Fixed Income
Exchange
NYSE Arca
Advisor
Pacific Global Advisors LLC
Sub-Advisor
Pacific Asset Management
Benchmark
S&P/LSTA Leveraged Loan 100
CUSIP
69434K403
Exchange
NYSE Arca
Inception Date
2/18/15
Total Expense Ratio
0.68%
Advisor
Pacific Global Advisors LLC
Management Style
Active
Asset Class
Fixed Income
Sub-Advisor
Pacific Asset Management
TICKER: FLRT
PERFORMANCE

Price and Yield (as of 01/24/2020)

NAV
$49.46
Market Closing Price
$49.47
30 Day SEC Yield (as of 12/31/2019)
3.40%
Premium/Discount
$0.02
Month-End Returns (as of 12/31/2019)
Cumulative Returns (%)
Annualized Returns (%)
Fund
YTD
1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Inception
2/18/15
FLRT NAV
9.50
1.17
1.73
3.18
9.50
3.32
3.41
FLRT MKT
9.42
1.19
1.68
3.19
9.42
2.64
3.40
Quarter-End Returns (as of 12/31/2019)
Cumulative Returns (%)
Annualized Returns (%)
Fund
YTD
1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Inception
2/18/15
FLRT NAV
9.50
1.17
1.73
3.18
9.50
3.32
3.41
FLRT MKT
9.42
1.19
1.68
3.19
9.42
2.64
3.40
Disclaimer
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. Returns less than one year are not annualized.

Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their net asset value (NAV), and are not individually redeemed from the Fund.

You may incur brokerage commissions when buying and selling shares on an exchange or through your financial intermediary, which may reduce returns. Market returns are based upon the closing price or the midpoint of the bid/ask spread, as applicable, at the time when the Fund’s NAV is determined (normally 4:00 p.m. Eastern time), and do not represent the returns you would receive if you traded shares at other times. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.

30 Day SEC Yield is an annualization of the Fund’s total net investment income per share for the 30-day period.
TICKER: FLRT
HOLDINGS
TOP 10 HOLDINGS (AS OF 01/27/2020)
Security Name
Shares
Weightings
Berry Global (Berry Plastics) T/L W 3.67713% 10/03/2022
500,000
1.70%
Dun & Bradstreet T/L (Star Merger) 6.792% 02/06/2026
500,000
1.70%
FINANCIAL & RISK T/L B (REFINITIV/THOMPSON REUTERS) 5.04938% 10/01/2025
497,487
1.70%
INTELSAT JACKSON T/L B 5.682% 11/30/2023
500,000
1.69%
Charter Communications Operating T/L B2 3.55% 02/01/2027
497,484
1.69%
TEMPO ACQUISITION T/L B 4.54938% 05/01/2024
498,721
1.69%
SEAWORLD T/L B5 (02/17) 4.79938% 04/01/2024
498,717
1.69%
ZAYO GROUP T/L B2 4.04938% 01/19/2024
500,000
1.69%
DELTA 2 (LUX) SARL (FORMULA ONE) T/L B 4.29938% 02/01/2024
500,000
1.69%
ADVANCED DISPOSAL T/L B 3.80888% 11/10/2023
498,641
1.69%
Security Name
Shares
Weightings
Berry Global (Berry Plastics) T/L W 3.67713% 10/03/2022
500,000
1.70%
Dun & Bradstreet T/L (Star Merger) 6.792% 02/06/2026
500,000
1.70%
FINANCIAL & RISK T/L B (REFINITIV/THOMPSON REUTERS) 5.04938% 10/01/2025
497,487
1.70%
INTELSAT JACKSON T/L B 5.682% 11/30/2023
500,000
1.69%
Charter Communications Operating T/L B2 3.55% 02/01/2027
497,484
1.69%
TEMPO ACQUISITION T/L B 4.54938% 05/01/2024
498,721
1.69%
SEAWORLD T/L B5 (02/17) 4.79938% 04/01/2024
498,717
1.69%
ZAYO GROUP T/L B2 4.04938% 01/19/2024
500,000
1.69%
DELTA 2 (LUX) SARL (FORMULA ONE) T/L B 4.29938% 02/01/2024
500,000
1.69%
ADVANCED DISPOSAL T/L B 3.80888% 11/10/2023
498,641
1.69%
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlag
01/27/2020FLRTLX183349LX183349Berry Global (Berry Plastics) T/L W 3.67713% 10/03/2022500,000100.745000503725.001.70%29674500.0060000012
01/27/2020FLRTLX178432LX178432Dun & Bradstreet T/L (Star Merger) 6.792% 02/06/2026500,000100.698000503490.001.70%29674500.0060000012
01/27/2020FLRTLX174544LX174544FINANCIAL & RISK T/L B (REFINITIV/THOMPSON REUTERS) 5.04938% 10/01/2025497,487101.187500503394.661.70%29674500.0060000012
01/27/2020FLRTLX169475LX169475INTELSAT JACKSON T/L B 5.682% 11/30/2023500,000100.581500502907.501.69%29674500.0060000012
01/27/2020FLRTLX183544LX183544Charter Communications Operating T/L B2 3.55% 02/01/2027497,484100.916500502043.441.69%29674500.0060000012
01/27/2020FLRTLX162876LX162876TEMPO ACQUISITION T/L B 4.54938% 05/01/2024498,721100.600000501713.331.69%29674500.0060000012
01/27/2020FLRTLX161101LX161101SEAWORLD T/L B5 (02/17) 4.79938% 04/01/2024498,717100.600000501709.301.69%29674500.0060000012
01/27/2020FLRTLX166414LX166414ZAYO GROUP T/L B2 4.04938% 01/19/2024500,000100.319000501595.001.69%29674500.0060000012
01/27/2020FLRTLX171161LX171161DELTA 2 (LUX) SARL (FORMULA ONE) T/L B 4.29938% 02/01/2024500,000100.281500501407.501.69%29674500.0060000012
01/27/2020FLRTLX155961LX155961ADVANCED DISPOSAL T/L B 3.80888% 11/10/2023498,641100.458000500924.781.69%29674500.0060000012
01/27/2020FLRTLX173477LX173477GFL ENVIRONMENTAL T/L B 4.79938% 05/09/2025497,474100.339500499162.921.68%29674500.0060000012
01/27/2020FLRTLX163804LX163804KRONOS T/L B 4.90913% 11/01/2023493,718100.766000497499.881.68%29674500.0060000012
01/27/2020FLRTLX172432LX172432JAGUAR HOLDING (PHARMACEUTICAL PRODUCT) T/L B 4.29938% 08/18/2022494,818100.437500496982.831.67%29674500.0060000012
01/27/2020FLRTLX171269LX171269SCIENTIFIC GAMES T/L B 4.585% 08/14/2024493,718100.632500496840.771.67%29674500.0060000012
01/27/2020FLRTLX171118LX171118NVA HOLDINGS T/L 6.5% 02/28/2025496,231100.021000496335.211.67%29674500.0060000012
01/27/2020FLRTLX183197LX183197HCA T/L B-12 (09/19) 3.54938% 03/13/2025492,500100.750000496193.751.67%29674500.0060000012
01/27/2020FLRTLX161695LX161695CSC HOLDINGS T/L B (03/17) 3.92625% 07/17/2025493,654100.500000496122.271.67%29674500.0060000012
01/27/2020FLRTLX165183LX165183BRAND ENERGY & INFRASTRUCTURE T/L 6.08803% 07/30/2024493,670100.375000495521.261.67%29674500.0060000012
01/27/2020FLRTLX156196LX156196BASS PRO T/L B 6.79938% 12/15/2023493,699100.080500494096.431.67%29674500.0060000012
01/27/2020FLRTLX155959LX155959QUIKRETE HOLDINGS, INC T/L B 4.54938% 11/15/2023491,592100.447000493789.421.66%29674500.0060000012
01/27/2020FLRTLX168784LX168784CAESARS RESORT T/L 4.54938% 12/23/2024490,000100.517500492535.751.66%29674500.0060000012
01/27/2020FLRTLX172192LX172192TITAN ACQUISITION T/L (HUSKY IMS) 4.79938% 03/28/2025493,71898.849000488035.311.64%29674500.0060000012
01/27/2020FLRTLX174055LX174055UBER TECHNOLOGIES T/L B (06/18) 5.29938% 07/13/2023483,750100.429500485827.711.64%29674500.0060000012
01/27/2020FLRTLX175815LX175815STARFRUIT FINCO T/L B (AKZONOBEL) 4.949% 10/01/2025483,577100.410500485562.081.64%29674500.0060000012
01/27/2020FLRTLX172653LX172653SBA SENIOR FINANCE II T/L B 2018 3.55% 04/30/2025482,650100.461500484877.431.63%29674500.0060000012
01/27/2020FLRTLX156414LX156414PROAMPAC (PROLAMINA) 1ST LIEN T/L 5.31835% 11/20/2023485,00099.359500481893.581.62%29674500.0060000012
01/27/2020FLRTLX153134LX153134US FOODS T/L B 3.54938% 06/27/2023476,376100.604500479255.691.62%29674500.0060000012
01/27/2020FLRTLX165477LX165477SPIN HOLDCO (COINMACH) T/L B 5.09263% 11/14/2022477,128100.169500477936.731.61%29674500.0060000012
01/27/2020FLRTLX179960LX179960PetSmart T/L B (Non-Consenting) 4.74% 03/11/2022477,500100.037000477676.681.61%29674500.0060000012
01/27/2020FLRTLX167985LX167985CLUBCORP CLUB OPERATIONS T/L B (8/17) 4.69463% 08/16/2024488,75095.887500468650.161.58%29674500.0060000012
01/27/2020FLRTLX181074LX181074HILTON WORLDWIDE FINANCE T/L B2 3.542% 06/22/2026461,990101.067500466921.741.57%29674500.0060000012
01/27/2020FLRTLX173655LX173655GYP HOLDINGS (GYPSUM/GMS) T/L 2018 INCREMENTAL 4.54938% 06/02/2025452,334100.325000453804.091.53%29674500.0060000012
01/27/2020FLRTLX182347LX182347APEX TOOL T/L 7.29938% 08/01/2024454,46699.500000452193.671.52%29674500.0060000012
01/27/2020FLRTLX159202LX159202REYNOLDS GROUP T/L (01/17) 4.54938% 02/05/2023435,746100.687500438741.751.48%29674500.0060000012
01/27/2020FLRTLX173656LX173656MICHAELS STORES T/L B 4.30137% 01/30/2023439,81397.357000428188.741.44%29674500.0060000012
01/27/2020FLRTLX173606LX173606VALEANT PHARMACEUTICALS T/L B (05/18) 4.66963% 06/02/2025424,029100.704500427016.281.44%29674500.0060000012
01/27/2020FLRTLX173457LX173457Transdigm 2018 New T/L F 4.29938% 06/09/2023424,847100.215500425762.551.43%29674500.0060000012
01/27/2020FLRTLX159959LX159959INFOR US (LAWSON) T/L B-6 4.69463% 02/01/2022421,471100.601500424006.151.43%29674500.0060000012
01/27/2020FLRTLX167989LX167989USI INCREMENTAL T/L 4.94463% 05/16/2024391,000100.177000391692.071.32%29674500.0060000012
01/27/2020FLRTLX184214LX184214LEVEL 3 FINANCING T/L B (11/19) 3.54938% 03/01/2027337,327100.437500338802.811.14%29674500.0060000012
01/27/2020FLRTLX183929LX1839291011778 B.C. UNLIMITED (BURGER KING/RESTAURANT BRANDS) T/L B4 3.54938% 11/13/2026334,143100.469000335710.131.13%29674500.0060000012
01/27/2020FLRTLX178165LX178165DYNASTY ACQUISITION T/L US (STANDARD AERO)(DAE AVIATION) 5.94463% 01/23/2026324,361101.021000327672.731.10%29674500.0060000012
01/27/2020FLRTCash&OtherCash&OtherCash & Other320,1561.000000320155.541.08%29674500.0060000012Y
01/27/2020FLRTLX173458LX173458AVOLON T/L B-3 3.40775% 01/15/2025317,025100.788500319524.741.08%29674500.0060000012
01/27/2020FLRTLX171023LX171023CINEWORLD T/L (USD) 4.04938% 02/07/2025306,40799.902000306106.721.03%29674500.0060000012
01/27/2020FLRTLX169689LX169689GATES GLOBAL INITIAL B-2 DOLLAR TERM LOAN 4.54938% 04/01/2024292,459100.349000293479.680.99%29674500.0060000012
01/27/2020FLRTLX159002LX159002PRESTIGE BRANDS T/L B-4 3.79938% 01/26/2024286,831100.910500289442.600.98%29674500.0060000012
01/27/2020FLRT02005NBF602005NBF6ALLY FINL INC 5.75% 11/20/2025250,000113.009000282522.500.95%29674500.0060000012
01/27/2020FLRT472141AA8472141AA8JBS USA LUX S A / JBS USA FIN SR GLBL 144A 28 6.75% 02/15/2028250,000111.685000279212.500.94%29674500.0060000012
01/27/2020FLRT81725WAH681725WAH6SENSATA TECH BV 5.625% 11/01/2024250,000110.791500276978.750.93%29674500.0060000012
01/27/2020FLRT59010QAB259010QAB2MERLIN ENTERTAINMENTS PLC 5.75% 06/15/2026250,000110.034750275086.880.93%29674500.0060000012
01/27/2020FLRTLX169609LX169609UNIVAR T/L B (11/17) 4.04938% 07/01/2024271,287100.750000273321.650.92%29674500.0060000012
01/27/2020FLRT70014LAA870014LAA8PARK AEROSPACE HLDGS LTD 5.25% 08/15/2022250,000106.768800266922.000.90%29674500.0060000012
01/27/2020FLRT64072TAC964072TAC9NEPTUNE FINCO CORP 6.625% 10/15/2025250,000106.009000265022.500.89%29674500.0060000012
01/27/2020FLRT852061AS9852061AS9SPRINT NEXTEL CORP 6% 11/15/2022250,000104.053000260132.500.88%29674500.0060000012
01/27/2020FLRT80874YAW080874YAW0SCIENTIFIC GAMES INTL INC. 5% 10/15/2025250,000103.754000259385.000.87%29674500.0060000012
01/27/2020FLRT87264AAN587264AAN5T MOBILE USA INC 6.375% 03/01/2025250,000103.708500259271.250.87%29674500.0060000012
01/27/2020FLRT38113YAE938113YAE9GOLDEN NUGGET INC 6.75% 10/15/2024250,000103.499000258747.500.87%29674500.0060000012
01/27/2020FLRT44267DAB344267DAB3HOWARD HUGHES CORP 5.375% 03/15/2025250,000103.250000258125.000.87%29674500.0060000012
01/27/2020FLRT024747AF4024747AF4AMERICAN BLDRS & CONTRACTORS SR SEC 144A NT28 4% 01/15/2028250,000100.695000251737.500.85%29674500.0060000012
01/27/2020FLRTLX173150LX173150HUB INTERNATIONAL T/L B (04/18) 4.68963% 04/18/2025246,250100.636500247817.380.84%29674500.0060000012
01/27/2020FLRTLX173977LX173977SOLENIS INTERNATIONAL T/L 5.90863% 12/26/2023246,250100.469000247404.910.83%29674500.0060000012
01/27/2020FLRTLX173320LX173320SRS DISTRIBUTION T/L (4/18) 5.04938% 05/23/2025246,875100.198000247363.810.83%29674500.0060000012
01/27/2020FLRTLX173578LX173578Western Digital Corporation T/L B-4 3.5125% 04/29/2023245,783100.571500247187.650.83%29674500.0060000012
01/27/2020FLRTLX169275LX169275NAVISTAR INTERNATIONAL T/L B (10/17) 5.17% 11/29/2024245,625100.550000246975.940.83%29674500.0060000012
01/27/2020FLRTLX164782LX164782Frontier Communications T/L B 5.55% 06/17/2024243,750101.097500246425.160.83%29674500.0060000012
01/27/2020FLRTLX161958LX161958CCC INFORMATION SERVICES T/L B 4.54938% 04/29/2024244,360100.586000245791.950.83%29674500.0060000012
01/27/2020FLRTLX173259LX173259PLASTIPAK PACKAGING T/L B (04/18) 4.3% 10/15/2024244,374100.275000245046.030.83%29674500.0060000012
01/27/2020FLRTLX153246LX153246BOMBARDIER RECREATIONAL PRODUCTS T/L B 3.79938% 05/23/2025243,173100.634000244714.720.82%29674500.0060000012
01/27/2020FLRTLX176623LX176623MCAFEE T/L B 5.55475% 09/30/2024241,668100.736000243446.680.82%29674500.0060000012
01/27/2020FLRTLX162387LX162387PLAYA RESORTS T/L B 4.55% 04/29/2024243,75899.770500243198.580.82%29674500.0060000012
01/27/2020FLRT03674PAL703674PAL7ANTERO RES FIN CORP 5.375% 11/01/2021250,00096.443000241107.500.81%29674500.0060000012
01/27/2020FLRTLX171691LX171691AIR MEDICAL T/L B 5.03513% 04/28/2022243,75098.708500240601.970.81%29674500.0060000012
01/27/2020FLRTLX160614LX160614ARCH COAL T/L B (02/17) 4.54938% 03/07/2024243,73498.250000239468.660.81%29674500.0060000012
01/27/2020FLRTLX165635LX165635KLOCKNER PENTAPLAST T/L (6/17) 6.17713% 06/30/2022244,98791.262500223581.260.75%29674500.0060000012
01/27/2020FLRTLX182135LX182135ALBERTSONS T/L B8 4.54938% 08/17/2026203,180100.294000203777.350.69%29674500.0060000012
01/27/2020FLRT008674AH6008674AH6AHERN RENTALS INC 7.375% 05/15/2023250,00081.291500203228.750.68%29674500.0060000012
01/27/2020FLRTLX182731LX182731ON Semiconductor T/L B (09/19) 3.85213% 09/18/2026177,903100.893000179491.670.60%29674500.0060000012
01/27/2020FLRTLX178418LX178418Dynasty Acquisition T/L CAD (Standard Aero)(DAE Aviation) 5.94463% 01/23/2026174,388101.021000176168.500.59%29674500.0060000012
01/27/2020FLRTLX184083LX184083Rexnord T/L (11/19) 3.4095% 08/21/2024162,284100.725500163461.370.55%29674500.0060000012
01/27/2020FLRT210383AA3210383AA3CONSTELLIUM NV 5.75% 05/15/2024125,000102.916500128645.630.43%29674500.0060000012
01/27/2020FLRTLX168603LX168603AVANTOR PERFORMANCE T/L (09/17) 4.79938% 09/16/202486,684100.91650087478.460.29%29674500.0060000012
01/27/2020FLRT74166MAA474166MAA4PRIME SEC SVCS BORROWER LLC / SR SEC GLBL 23 9.25% 05/15/202372,000105.10750075677.400.26%29674500.0060000012
01/27/2020FLRT88167AAC588167AAC5TEVA PHARMACEUTICAL FIN NETH SR GLBL NT2.2% 21 2.2% 07/21/202165,00098.68200064143.300.22%29674500.0060000012
01/27/2020FLRTECC269808101EAGLE PT CR CO LLC COM1,90515.22000028994.100.10%29674500.0060000012
chart-icon-white Pacific Global Senior Loan ETFCONTACT US 
Need Assistance?

Above all, we value our client relationships. If you have
questions or comments about Pacific Global ETFs,
please feel free to contact us directly.

Above all, we value our client relationships. If you have questions or comments about Pacific Global ETFs, please feel free to contact us directly.

Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their net asset value (NAV), and are not individually redeemable from the Fund. Shares may only be redeemed directly from the Fund by Authorized Participants in creation units only. You may incur brokerage commissions when buying or selling shares on an exchange or through your financial intermediary, which may reduce returns.

About Principal Risks: All investing involves risks including the possible loss of the principal amount invested. There is no guarantee the Fund will achieve its investment goal. Corporate bonds are subject to issue risk in that their value may decline for reasons directly related to the issuer of the security. Not all U.S. government securities are checked or guaranteed by the U.S. government, and different government securities are subject to varying degrees of credit risk. Mortgage-related and other asset-backed securities are subject to certain rules affecting the housing market or the market for the assets underlying such securities. The Fund is subject to liquidity risk (the risk that an investment may be difficult to purchase, value, and sell particularly during adverse market conditions, because there is a limited market for the investment, or there are restrictions on resale) and credit risk (the risk an issuer may be unable or unwilling to meet its financial obligations, risking default). High-yield/high-risk bonds (“junk bonds”) and senior/floating-rate loans (usually rated below investment grade) have greater risk of default than higher-rated securities/higher-quality bonds that may have a lower yield. The risks associated with senior loans are similar to the risks of junk bonds, although senior loans typically are senior and secured, whereas junk bonds often are subordinated and unsecured. The Fund is also subject to foreign-markets risk.

The Fund has a limited number of institutions that act as Authorized Participants and is subject to risk to the extent that these institutions exit the business or are unable to proceed with creation and/or redemption orders with respect to the Fund and no other Authorized Participant is able to step forward to create or redeem Creation Units. The Fund faces numerous market trading risks, including disruptions to the creation and redemption processes of the Fund, losses from trading in secondary markets, the existence of extreme market volatility or potential lack of an active trading market for Shares may result in Shares trading at a significant premium or discount to NAV. If a shareholder purchases Shares at a time when the market price is at a premium to the NAV or sells Shares at a time when the market price is at a discount to the NAV, the shareholder may sustain losses.

The Fund is subject to limited history of operations risk since it is a new ETF and has a limited history of operations for investors to evaluate. The Fund is actively managed; thus, investment decisions are made based on investment views and there is no guarantee that the investment views will produce the desired results or expected returns.

Benchmark Index definition

The S&P/LSTA (Loan Syndications and Trading Association) U.S. Leveraged Loan 100 Index measures the performance of 100 large loan facilities meeting specific inclusion criteria. The index is modified market value-weighted and is fully rebalanced semi-annually. In addition, the index is reviewed weekly to reflect pay-downs and ensure that it continually maintains 100 loan facilities. Index returns and other statistics are calculated daily as described in S&P Dow Jones Indices’ Fixed Income Mathematics Methodology.

The volatility of the index may be materially different from that of the Fund. You cannot invest directly in an index. Index results assume the re-investment of all dividends and capital gains. In addition, client’s holdings will differ significantly from the securities that comprise the index.

Consider a fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any investor or prospective investor. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Investors seeking information regarding their particular investment needs should contact a financial professional.

Pacific Global Asset Management LLC is a wholly-owned subsidiary of Pacific Life Insurance Company (“Pacific Life”). Pacific Global Advisors LLC and Pacific Life Fund Advisors LLC, doing business as Pacific Asset Management are affiliates and indirect subsidiaries of Pacific Life.

Investment products are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.

Funds are distributed by Foreside Fund Services, LLC, a member of FINRA and SIPC.