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.
S&P/LSTA Leveraged Loan 100
Total Expense Ratio
Pacific Global Advisors LLC
Pacific Asset Management
S&P/LSTA Leveraged Loan 100
Total Expense Ratio
Pacific Global Advisors LLC
Pacific Asset Management
Price and Yield (as of 01/24/2020)
Market Closing Price
30 Day SEC Yield (as of 12/31/2019)
Cumulative Returns (%)
Annualized Returns (%)
Cumulative Returns (%)
Annualized Returns (%)
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.
|01/27/2020||FLRT||LX183349||LX183349||Berry Global (Berry Plastics) T/L W 3.67713% 10/03/2022||500,000||100.745000||503725.00||1.70%||29674500.00||600000||12|
|01/27/2020||FLRT||LX178432||LX178432||Dun & Bradstreet T/L (Star Merger) 6.792% 02/06/2026||500,000||100.698000||503490.00||1.70%||29674500.00||600000||12|
|01/27/2020||FLRT||LX174544||LX174544||FINANCIAL & RISK T/L B (REFINITIV/THOMPSON REUTERS) 5.04938% 10/01/2025||497,487||101.187500||503394.66||1.70%||29674500.00||600000||12|
|01/27/2020||FLRT||LX169475||LX169475||INTELSAT JACKSON T/L B 5.682% 11/30/2023||500,000||100.581500||502907.50||1.69%||29674500.00||600000||12|
|01/27/2020||FLRT||LX183544||LX183544||Charter Communications Operating T/L B2 3.55% 02/01/2027||497,484||100.916500||502043.44||1.69%||29674500.00||600000||12|
|01/27/2020||FLRT||LX162876||LX162876||TEMPO ACQUISITION T/L B 4.54938% 05/01/2024||498,721||100.600000||501713.33||1.69%||29674500.00||600000||12|
|01/27/2020||FLRT||LX161101||LX161101||SEAWORLD T/L B5 (02/17) 4.79938% 04/01/2024||498,717||100.600000||501709.30||1.69%||29674500.00||600000||12|
|01/27/2020||FLRT||LX166414||LX166414||ZAYO GROUP T/L B2 4.04938% 01/19/2024||500,000||100.319000||501595.00||1.69%||29674500.00||600000||12|
|01/27/2020||FLRT||LX171161||LX171161||DELTA 2 (LUX) SARL (FORMULA ONE) T/L B 4.29938% 02/01/2024||500,000||100.281500||501407.50||1.69%||29674500.00||600000||12|
|01/27/2020||FLRT||LX155961||LX155961||ADVANCED DISPOSAL T/L B 3.80888% 11/10/2023||498,641||100.458000||500924.78||1.69%||29674500.00||600000||12|
|01/27/2020||FLRT||LX173477||LX173477||GFL ENVIRONMENTAL T/L B 4.79938% 05/09/2025||497,474||100.339500||499162.92||1.68%||29674500.00||600000||12|
|01/27/2020||FLRT||LX163804||LX163804||KRONOS T/L B 4.90913% 11/01/2023||493,718||100.766000||497499.88||1.68%||29674500.00||600000||12|
|01/27/2020||FLRT||LX172432||LX172432||JAGUAR HOLDING (PHARMACEUTICAL PRODUCT) T/L B 4.29938% 08/18/2022||494,818||100.437500||496982.83||1.67%||29674500.00||600000||12|
|01/27/2020||FLRT||LX171269||LX171269||SCIENTIFIC GAMES T/L B 4.585% 08/14/2024||493,718||100.632500||496840.77||1.67%||29674500.00||600000||12|
|01/27/2020||FLRT||LX171118||LX171118||NVA HOLDINGS T/L 6.5% 02/28/2025||496,231||100.021000||496335.21||1.67%||29674500.00||600000||12|
|01/27/2020||FLRT||LX183197||LX183197||HCA T/L B-12 (09/19) 3.54938% 03/13/2025||492,500||100.750000||496193.75||1.67%||29674500.00||600000||12|
|01/27/2020||FLRT||LX161695||LX161695||CSC HOLDINGS T/L B (03/17) 3.92625% 07/17/2025||493,654||100.500000||496122.27||1.67%||29674500.00||600000||12|
|01/27/2020||FLRT||LX165183||LX165183||BRAND ENERGY & INFRASTRUCTURE T/L 6.08803% 07/30/2024||493,670||100.375000||495521.26||1.67%||29674500.00||600000||12|
|01/27/2020||FLRT||LX156196||LX156196||BASS PRO T/L B 6.79938% 12/15/2023||493,699||100.080500||494096.43||1.67%||29674500.00||600000||12|
|01/27/2020||FLRT||LX155959||LX155959||QUIKRETE HOLDINGS, INC T/L B 4.54938% 11/15/2023||491,592||100.447000||493789.42||1.66%||29674500.00||600000||12|
|01/27/2020||FLRT||LX168784||LX168784||CAESARS RESORT T/L 4.54938% 12/23/2024||490,000||100.517500||492535.75||1.66%||29674500.00||600000||12|
|01/27/2020||FLRT||LX172192||LX172192||TITAN ACQUISITION T/L (HUSKY IMS) 4.79938% 03/28/2025||493,718||98.849000||488035.31||1.64%||29674500.00||600000||12|
|01/27/2020||FLRT||LX174055||LX174055||UBER TECHNOLOGIES T/L B (06/18) 5.29938% 07/13/2023||483,750||100.429500||485827.71||1.64%||29674500.00||600000||12|
|01/27/2020||FLRT||LX175815||LX175815||STARFRUIT FINCO T/L B (AKZONOBEL) 4.949% 10/01/2025||483,577||100.410500||485562.08||1.64%||29674500.00||600000||12|
|01/27/2020||FLRT||LX172653||LX172653||SBA SENIOR FINANCE II T/L B 2018 3.55% 04/30/2025||482,650||100.461500||484877.43||1.63%||29674500.00||600000||12|
|01/27/2020||FLRT||LX156414||LX156414||PROAMPAC (PROLAMINA) 1ST LIEN T/L 5.31835% 11/20/2023||485,000||99.359500||481893.58||1.62%||29674500.00||600000||12|
|01/27/2020||FLRT||LX153134||LX153134||US FOODS T/L B 3.54938% 06/27/2023||476,376||100.604500||479255.69||1.62%||29674500.00||600000||12|
|01/27/2020||FLRT||LX165477||LX165477||SPIN HOLDCO (COINMACH) T/L B 5.09263% 11/14/2022||477,128||100.169500||477936.73||1.61%||29674500.00||600000||12|
|01/27/2020||FLRT||LX179960||LX179960||PetSmart T/L B (Non-Consenting) 4.74% 03/11/2022||477,500||100.037000||477676.68||1.61%||29674500.00||600000||12|
|01/27/2020||FLRT||LX167985||LX167985||CLUBCORP CLUB OPERATIONS T/L B (8/17) 4.69463% 08/16/2024||488,750||95.887500||468650.16||1.58%||29674500.00||600000||12|
|01/27/2020||FLRT||LX181074||LX181074||HILTON WORLDWIDE FINANCE T/L B2 3.542% 06/22/2026||461,990||101.067500||466921.74||1.57%||29674500.00||600000||12|
|01/27/2020||FLRT||LX173655||LX173655||GYP HOLDINGS (GYPSUM/GMS) T/L 2018 INCREMENTAL 4.54938% 06/02/2025||452,334||100.325000||453804.09||1.53%||29674500.00||600000||12|
|01/27/2020||FLRT||LX182347||LX182347||APEX TOOL T/L 7.29938% 08/01/2024||454,466||99.500000||452193.67||1.52%||29674500.00||600000||12|
|01/27/2020||FLRT||LX159202||LX159202||REYNOLDS GROUP T/L (01/17) 4.54938% 02/05/2023||435,746||100.687500||438741.75||1.48%||29674500.00||600000||12|
|01/27/2020||FLRT||LX173656||LX173656||MICHAELS STORES T/L B 4.30137% 01/30/2023||439,813||97.357000||428188.74||1.44%||29674500.00||600000||12|
|01/27/2020||FLRT||LX173606||LX173606||VALEANT PHARMACEUTICALS T/L B (05/18) 4.66963% 06/02/2025||424,029||100.704500||427016.28||1.44%||29674500.00||600000||12|
|01/27/2020||FLRT||LX173457||LX173457||Transdigm 2018 New T/L F 4.29938% 06/09/2023||424,847||100.215500||425762.55||1.43%||29674500.00||600000||12|
|01/27/2020||FLRT||LX159959||LX159959||INFOR US (LAWSON) T/L B-6 4.69463% 02/01/2022||421,471||100.601500||424006.15||1.43%||29674500.00||600000||12|
|01/27/2020||FLRT||LX167989||LX167989||USI INCREMENTAL T/L 4.94463% 05/16/2024||391,000||100.177000||391692.07||1.32%||29674500.00||600000||12|
|01/27/2020||FLRT||LX184214||LX184214||LEVEL 3 FINANCING T/L B (11/19) 3.54938% 03/01/2027||337,327||100.437500||338802.81||1.14%||29674500.00||600000||12|
|01/27/2020||FLRT||LX183929||LX183929||1011778 B.C. UNLIMITED (BURGER KING/RESTAURANT BRANDS) T/L B4 3.54938% 11/13/2026||334,143||100.469000||335710.13||1.13%||29674500.00||600000||12|
|01/27/2020||FLRT||LX178165||LX178165||DYNASTY ACQUISITION T/L US (STANDARD AERO)(DAE AVIATION) 5.94463% 01/23/2026||324,361||101.021000||327672.73||1.10%||29674500.00||600000||12|
|01/27/2020||FLRT||Cash&Other||Cash&Other||Cash & Other||320,156||1.000000||320155.54||1.08%||29674500.00||600000||12||Y|
|01/27/2020||FLRT||LX173458||LX173458||AVOLON T/L B-3 3.40775% 01/15/2025||317,025||100.788500||319524.74||1.08%||29674500.00||600000||12|
|01/27/2020||FLRT||LX171023||LX171023||CINEWORLD T/L (USD) 4.04938% 02/07/2025||306,407||99.902000||306106.72||1.03%||29674500.00||600000||12|
|01/27/2020||FLRT||LX169689||LX169689||GATES GLOBAL INITIAL B-2 DOLLAR TERM LOAN 4.54938% 04/01/2024||292,459||100.349000||293479.68||0.99%||29674500.00||600000||12|
|01/27/2020||FLRT||LX159002||LX159002||PRESTIGE BRANDS T/L B-4 3.79938% 01/26/2024||286,831||100.910500||289442.60||0.98%||29674500.00||600000||12|
|01/27/2020||FLRT||02005NBF6||02005NBF6||ALLY FINL INC 5.75% 11/20/2025||250,000||113.009000||282522.50||0.95%||29674500.00||600000||12|
|01/27/2020||FLRT||472141AA8||472141AA8||JBS USA LUX S A / JBS USA FIN SR GLBL 144A 28 6.75% 02/15/2028||250,000||111.685000||279212.50||0.94%||29674500.00||600000||12|
|01/27/2020||FLRT||81725WAH6||81725WAH6||SENSATA TECH BV 5.625% 11/01/2024||250,000||110.791500||276978.75||0.93%||29674500.00||600000||12|
|01/27/2020||FLRT||59010QAB2||59010QAB2||MERLIN ENTERTAINMENTS PLC 5.75% 06/15/2026||250,000||110.034750||275086.88||0.93%||29674500.00||600000||12|
|01/27/2020||FLRT||LX169609||LX169609||UNIVAR T/L B (11/17) 4.04938% 07/01/2024||271,287||100.750000||273321.65||0.92%||29674500.00||600000||12|
|01/27/2020||FLRT||70014LAA8||70014LAA8||PARK AEROSPACE HLDGS LTD 5.25% 08/15/2022||250,000||106.768800||266922.00||0.90%||29674500.00||600000||12|
|01/27/2020||FLRT||64072TAC9||64072TAC9||NEPTUNE FINCO CORP 6.625% 10/15/2025||250,000||106.009000||265022.50||0.89%||29674500.00||600000||12|
|01/27/2020||FLRT||852061AS9||852061AS9||SPRINT NEXTEL CORP 6% 11/15/2022||250,000||104.053000||260132.50||0.88%||29674500.00||600000||12|
|01/27/2020||FLRT||80874YAW0||80874YAW0||SCIENTIFIC GAMES INTL INC. 5% 10/15/2025||250,000||103.754000||259385.00||0.87%||29674500.00||600000||12|
|01/27/2020||FLRT||87264AAN5||87264AAN5||T MOBILE USA INC 6.375% 03/01/2025||250,000||103.708500||259271.25||0.87%||29674500.00||600000||12|
|01/27/2020||FLRT||38113YAE9||38113YAE9||GOLDEN NUGGET INC 6.75% 10/15/2024||250,000||103.499000||258747.50||0.87%||29674500.00||600000||12|
|01/27/2020||FLRT||44267DAB3||44267DAB3||HOWARD HUGHES CORP 5.375% 03/15/2025||250,000||103.250000||258125.00||0.87%||29674500.00||600000||12|
|01/27/2020||FLRT||024747AF4||024747AF4||AMERICAN BLDRS & CONTRACTORS SR SEC 144A NT28 4% 01/15/2028||250,000||100.695000||251737.50||0.85%||29674500.00||600000||12|
|01/27/2020||FLRT||LX173150||LX173150||HUB INTERNATIONAL T/L B (04/18) 4.68963% 04/18/2025||246,250||100.636500||247817.38||0.84%||29674500.00||600000||12|
|01/27/2020||FLRT||LX173977||LX173977||SOLENIS INTERNATIONAL T/L 5.90863% 12/26/2023||246,250||100.469000||247404.91||0.83%||29674500.00||600000||12|
|01/27/2020||FLRT||LX173320||LX173320||SRS DISTRIBUTION T/L (4/18) 5.04938% 05/23/2025||246,875||100.198000||247363.81||0.83%||29674500.00||600000||12|
|01/27/2020||FLRT||LX173578||LX173578||Western Digital Corporation T/L B-4 3.5125% 04/29/2023||245,783||100.571500||247187.65||0.83%||29674500.00||600000||12|
|01/27/2020||FLRT||LX169275||LX169275||NAVISTAR INTERNATIONAL T/L B (10/17) 5.17% 11/29/2024||245,625||100.550000||246975.94||0.83%||29674500.00||600000||12|
|01/27/2020||FLRT||LX164782||LX164782||Frontier Communications T/L B 5.55% 06/17/2024||243,750||101.097500||246425.16||0.83%||29674500.00||600000||12|
|01/27/2020||FLRT||LX161958||LX161958||CCC INFORMATION SERVICES T/L B 4.54938% 04/29/2024||244,360||100.586000||245791.95||0.83%||29674500.00||600000||12|
|01/27/2020||FLRT||LX173259||LX173259||PLASTIPAK PACKAGING T/L B (04/18) 4.3% 10/15/2024||244,374||100.275000||245046.03||0.83%||29674500.00||600000||12|
|01/27/2020||FLRT||LX153246||LX153246||BOMBARDIER RECREATIONAL PRODUCTS T/L B 3.79938% 05/23/2025||243,173||100.634000||244714.72||0.82%||29674500.00||600000||12|
|01/27/2020||FLRT||LX176623||LX176623||MCAFEE T/L B 5.55475% 09/30/2024||241,668||100.736000||243446.68||0.82%||29674500.00||600000||12|
|01/27/2020||FLRT||LX162387||LX162387||PLAYA RESORTS T/L B 4.55% 04/29/2024||243,758||99.770500||243198.58||0.82%||29674500.00||600000||12|
|01/27/2020||FLRT||03674PAL7||03674PAL7||ANTERO RES FIN CORP 5.375% 11/01/2021||250,000||96.443000||241107.50||0.81%||29674500.00||600000||12|
|01/27/2020||FLRT||LX171691||LX171691||AIR MEDICAL T/L B 5.03513% 04/28/2022||243,750||98.708500||240601.97||0.81%||29674500.00||600000||12|
|01/27/2020||FLRT||LX160614||LX160614||ARCH COAL T/L B (02/17) 4.54938% 03/07/2024||243,734||98.250000||239468.66||0.81%||29674500.00||600000||12|
|01/27/2020||FLRT||LX165635||LX165635||KLOCKNER PENTAPLAST T/L (6/17) 6.17713% 06/30/2022||244,987||91.262500||223581.26||0.75%||29674500.00||600000||12|
|01/27/2020||FLRT||LX182135||LX182135||ALBERTSONS T/L B8 4.54938% 08/17/2026||203,180||100.294000||203777.35||0.69%||29674500.00||600000||12|
|01/27/2020||FLRT||008674AH6||008674AH6||AHERN RENTALS INC 7.375% 05/15/2023||250,000||81.291500||203228.75||0.68%||29674500.00||600000||12|
|01/27/2020||FLRT||LX182731||LX182731||ON Semiconductor T/L B (09/19) 3.85213% 09/18/2026||177,903||100.893000||179491.67||0.60%||29674500.00||600000||12|
|01/27/2020||FLRT||LX178418||LX178418||Dynasty Acquisition T/L CAD (Standard Aero)(DAE Aviation) 5.94463% 01/23/2026||174,388||101.021000||176168.50||0.59%||29674500.00||600000||12|
|01/27/2020||FLRT||LX184083||LX184083||Rexnord T/L (11/19) 3.4095% 08/21/2024||162,284||100.725500||163461.37||0.55%||29674500.00||600000||12|
|01/27/2020||FLRT||210383AA3||210383AA3||CONSTELLIUM NV 5.75% 05/15/2024||125,000||102.916500||128645.63||0.43%||29674500.00||600000||12|
|01/27/2020||FLRT||LX168603||LX168603||AVANTOR PERFORMANCE T/L (09/17) 4.79938% 09/16/2024||86,684||100.916500||87478.46||0.29%||29674500.00||600000||12|
|01/27/2020||FLRT||74166MAA4||74166MAA4||PRIME SEC SVCS BORROWER LLC / SR SEC GLBL 23 9.25% 05/15/2023||72,000||105.107500||75677.40||0.26%||29674500.00||600000||12|
|01/27/2020||FLRT||88167AAC5||88167AAC5||TEVA PHARMACEUTICAL FIN NETH SR GLBL NT2.2% 21 2.2% 07/21/2021||65,000||98.682000||64143.30||0.22%||29674500.00||600000||12|
|01/27/2020||FLRT||ECC||269808101||EAGLE PT CR CO LLC COM||1,905||15.220000||28994.10||0.10%||29674500.00||600000||12|
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.