AAAP ETF — Pacer Barings CLO Market Flex ETF

Pacer Barings CLO Market Flex ETF (AAAP)

AAAP is an ETF. its distribution rate is 4.57%, its trailing-12-month yield is 0.61%, its expense ratio is 0.39%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 2.0% over the past 0.2 years, 2.1 points behind SPY at 4.1%.

At the current 4.57% distribution rate, a $10,000 investment would generate approximately $457 per year, or $38.08 per month.

AAAP performance versus SPY

Price and return data through 2026-09-18.

Total return is 2.0% over the past 0.2 years, 2.1 points behind SPY at 4.1%.

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

4.57%

Distribution frequency

Monthly

Trailing yield

0.61%

Last close

$25.45 (as of 2026-09-18)

NAV

$25.35

Premium / discount

0.39% premium

AUM

$101,669,432

Average volume

23000.0

Last dividend

$0.097

Last ex-dividend date

08/31/2026

Last payment date

09/01/2026

Forward P/E

-22.9144

How Dividend Vision calculates yield and returns

Distribution rate (4.57%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.61%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. 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.

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.

Frequently asked questions

More securities from Pacer.