The team at a Keystone State fund firm is celebrating a big milestone for their flagship series' second biggest offering.
The Pacer ETFs
] folks recently confirmed
that the Pacer US Small Cap Cash Cows 100 ETF
(CALF on the Cboe BZX Exchange, Inc.
) has surpassed $3 billion in AUM. As of yesterday, the passively managed ETF held $3.349 billion in AUM.
CALF is a series of Pacer Funds Trust
. Its inception
was on June 16, 2017
, and the fund comes with an expense ratio of 59 basis points. It is the second biggest fund in Pacer's seven-year-old Cash Cows ETFs
series, which includes nine funds and $20.838 billion in AUM as of yesterday. (By comparison, in July all of Pacer surpassed
$25 billion across 47 ETFs after surpassing $24 billion
a month earlier.)
Pacer affiliate Index Design Group
serves as CALF's index provider, while Pacer Advisors, Inc. serves as investment advisor and Pacer Financial, Inc. serves as distributor. The six-year-old fund is designed to track the Pacer US Small Cap Cash Cows Index
. The fund's PMs include: Bruce Kavanaugh
, vice president at Pacer and PM since the fund's inception; and Danke Wang
, portfolio manager, who joined the fund's PM team last year.
CALF's other vendors include: Sanville & Company
as independent accounting firm; Practus LLP
as counsel; U.S. Bancorp Fund Services (dba U.S. Bank Global Fund Services
) as administrator, fund accountant, index receipt agent, and transfer agent; and U.S. Bank National Association as custodian and securities lending agent.
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