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Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF

TRPL
$
Today’s Change
()

Snapshot
*

Inception Date
Jul 12, 2021
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Pacer Financial
Volume (1m avg. daily)
AUM
$930,942
Associated Index
Metaurus US Large Cap Dividend Multiplier Index - Series 300
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

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BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
1.7%

What is TRPL?

The Fund employs a passive management (or indexing) investment approach designed to track the total return performance, before fees and expenses of Metaurus US Large Cap Dividend Multiplier Index - Series 300. The Index, as designed, has two components: (i) an S&P 500 Index component (the S&P 500 Component ) and (ii) a dividend component (the Dividend Component ) consisting of long positions in annual futures contracts that provide exposure to ordinary dividends paid on the common stocks of companies included in the S&P 500 ( S&P Dividend Futures ). The S&P 500 Index consists of approximately 500 leading U.S.-listed companies representing approximately 80% of the U.S. equity market capitalization.The Dividend Component is designed to give the Fund exposure to approximately 300% of the ordinary dividends the Fund would otherwise have expected to receive from its investment in the S&P 500 Component. The Dividend Component consists of annual futures contracts whose value represents the market s expectation of the amount of ordinary dividends to be paid by S&P 500 companies during the term of the futures contract. As of June 1, 2021, the S&P 500 Component comprised approximately 92% of the Index.

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ETFs related toTRPL

ETFs correlated to TRPL include SPUU, PBUS, IYY

TRPL
Pacer Funds Trust - Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

TRPL is a US Equities ETF. The Fund employs a passive management (or indexing) investment approach designed to track the total return performance, before fees and expenses of Metaurus US Large Cap Dividend Multiplier Index - Series 300. The Index, as designed, has two components: (i) an S&P 500 Index component (the S&P 500 Component ) and (ii) a dividend component (the Dividend Component ) consisting of long positions in annual futures contracts that provide exposure to ordinary dividends paid on the common stocks of companies included in the S&P 500 ( S&P Dividend Futures ). The S&P 500 Index consists of approximately 500 leading U.S.-listed companies representing approximately 80% of the U.S. equity market capitalization.The Dividend Component is designed to give the Fund exposure to approximately 300% of the ordinary dividends the Fund would otherwise have expected to receive from its investment in the S&P 500 Component. The Dividend Component consists of annual futures contracts whose value represents the market s expectation of the amount of ordinary dividends to be paid by S&P 500 companies during the term of the futures contract. As of June 1, 2021, the S&P 500 Component comprised approximately 92% of the Index.

TRPL tracks the Metaurus US Large Cap Dividend Multiplier Index - Series 300.

TRPL dividend information: Dividend - Regular Payors. Dividend payouts may vary in terms of frequency of payouts.

No, TRPL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, TRPL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TRPL is -0.0079%. This is the percent change in the value of TRPL over the most recent 1-month period. The 3-month return on TRPL is 0.0036%. This is the percent change in the value of TRPL over the most recent 3-month period.

The standard deviation of TRPL for the past year is 0.1551%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TRPL include VIG, VYM, and DFAS.

ETFs correlated to TRPL include SPUU, PBUS, and IYY.

ETFs that are inversely correlated to TRPL include SPXS, SDS, and SH.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.

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