Pacer Barings CLO Market Flex ETF (AAAP)

The Pacer Barings CLO Market Flex ETF is a fixed income fund offered by Pacer ETFs with Barings serving as the portfolio manager for its collateralized loan obligation exposure. CLOs are securitizations backed by pools of senior secured corporate loans, and their debt tranches typically pay floating interest rates.

As the name suggests, the fund takes a flexible approach to the CLO market, with the ability to invest across different tranches and credit ratings rather than being limited to a single slice of the capital structure. Barings, a global investment manager affiliated with MassMutual, is an established manager in the leveraged loan and CLO space.

The fund is actively managed and trades on the Nasdaq under the ticker AAAP.