Pacer Salt Low truBeta US Market ETF (LSLT)
Pacer Salt Low truBeta US Market ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $32.00, down 0.51% on the session, giving a market capitalisation of $6.7M. Its beta of 0.00 implies it has historically moved less than the broad market.
The underlying index for this ETF is meticulously constructed from 100 eligible companies that exhibit the lowest beta variability, with each component receiving an equal weighting. To prevent excessive industry concentration, a rule dictates that no single sector can account for more than 30% of the index's total constituents. The fund's advisor endeavors to invest substantially all of its capital directly into the securities comprising this index. Specifically, a minimum of 80% of the fund's total assets, excluding any collateral stemming from securities lending activities, will be allocated to these index components. This fund operates as a non-diversified investment vehicle.
Pacer Salt Low truBeta US Market ETF is most often compared with the following Financial Services names: