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AAAP ETF — Pacer Barings CLO Market Flex ETF
Pacer Barings CLO Market Flex ETF (AAAP)
Updated November 4, 2026.
Verdict as of November 4, 2026 close
AAAP's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, low confidence). It pays monthly and its distribution rate is 5.95%. The latest total cash payment per current share, $0.125 with an ex-date of October 30, 2026, was 0.8% higher than the previous $0.124. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: Pacer, Section 19a-1 notices, scoring methodology.
AAAP is an ETF. Its distribution rate is 5.95%, its trailing-12-month yield is 1.60%, its expense ratio is 0.39%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 1.6% over the past 0.4 years, 3.2 points behind SPY at 4.8%.
Pacer Barings CLO Market Flex ETF is an exchange-traded fund that provides exposure to collateralized loan obligations (CLOs), which are fixed-income securities backed by pools of leveraged loans. The fund distributes income monthly at a current high distribution rate, with a modest expense ratio of 0.39%. This ETF may appeal to fixed-income investors seeking regular monthly income from floating-rate securities.
AAAP dividend yield and income
Price as of 2026-11-04.
The distribution rate (5.95%) has no calculation basis on file. Trailing-12-month yield (1.60%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.125. The ex-dividend date is 10/30/2026. The payment date is 11/02/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-10-30 | $0.125 | 0.8% Total cash (unclassified) |
| 2026-09-30 | $0.124 | 27.8% Total cash (unclassified) |
| 2026-08-31 | $0.097 | 70.2% Total cash (unclassified) |
| 2026-07-31 | $0.057 | — |
| 2026 YTD total (partial launch year) | $0.403 | — |
AAAP performance versus SPY
Total return is 1.6% over the past 0.4 years, 3.2 points behind SPY at 4.8%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -0.5% | — |
| 3M | 0.6% | — |
| YTD | 1.6% | — |
| Since inception 2026-06-23 · 0.4 years | 1.6% | — |
AAAP key facts
- Distribution Safety Score™
- 50 · Unproven
- Issuer
- Pacer
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 06/23/2026
- Expense ratio
- 0.39%
- Distribution rate
- 5.95%
- Distribution frequency
- Monthly
- Trailing yield
- 1.60%
- Last close
- $25.22 (as of 2026-11-04)
- AUM
- $106,051,872
- Average volume
- 4,880
- Dividend
- $0.125
- Ex-dividend date
- 10/30/2026
- Payment date
- 11/02/2026
How Dividend Vision calculates yield and returns
Distribution rate (5.95%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.60%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Pacer; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
AAAP risks and drawbacks
Total return has trailed SPY over the available window.
Who may consider AAAP — and who may not
AAAP may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on AAAP
Frequently asked questions
Does AAAP pay monthly?
Yes. AAAP currently pays monthly.
What is AAAP's expense ratio?
AAAP's expense ratio is 0.39%.
What is AAAP's dividend yield?
AAAP's distribution rate is 5.95%, paid monthly, with a 0.39% expense ratio — no calculation basis on file.
When does AAAP pay a dividend?
AAAP pays monthly. The dividend amount is $0.125. The ex-dividend date is 10/30/2026. The payment date is 11/02/2026.
How has AAAP performed?
Total return is 1.6% over the past 0.4 years, 3.2 points behind SPY at 4.8%.
Is AAAP a good investment?
AAAP's Dividend Vision Distribution Safety Score is 50 (Unproven). That is a risk signal, not investment advice. Its distribution rate is 5.95% (no calculation basis on file). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Pacer.
Tickers
AAAP's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, low confidence). It pays monthly and its distribution rate is 5.95%. The latest total cash payment per current share, $0.125 with an ex-date of October 30, 2026, was 0.8% higher than the previous $0.124. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: Pacer, Section 19a-1 notices, scoring methodology.
Holdings as-of date unavailable.
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