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Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC)
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Upturn Advisory Summary
01/17/2025: PAMC (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit -3.68% | Avg. Invested days 41 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance 3.0 | ETF Returns Performance 1.0 |
Profits based on simulation | Last Close 01/17/2025 |
Key Highlights
Volume (30-day avg) 6810 | Beta 1.11 | 52 Weeks Range 37.15 - 50.67 | Updated Date 01/21/2025 |
52 Weeks Range 37.15 - 50.67 | Updated Date 01/21/2025 |
AI Summary
Overview of ETF Pacer Lunt MidCap Multi-Factor Alternator ETF (PMAJ)
Profile:
The Pacer Lunt MidCap Multi-Factor Alternator ETF (PMAJ) invests in mid-cap US stocks using a multi-factor strategy that alternates between different factors each month. These factors may include quality, momentum, value, and low volatility. PMAJ is designed for investors seeking diversified exposure to the mid-cap market with an emphasis on potential outperformance through a dynamic factor-based approach.
Objective:
PMAJ's primary investment goal is to achieve long-term capital appreciation by seeking to outperform the S&P MidCap 400 Index on a risk-adjusted basis.
Issuer:
Pacer Financial:
Reputation and Reliability: Founded in 2002, Pacer Financial is a leading provider of exchange-traded funds (ETFs) with a strong reputation for innovation and investor transparency. They manage a diverse range of thematic and global ETFs.
Management: Pacer Financial's ETF portfolio is overseen by a team of experienced investment professionals with expertise in quantitative analysis and factor investing strategies.
Market Share:
- Mid-Cap Multi-Factor ETF market share: 0.2% (as of November 2023)
- Total ETF AUM market share: 0.1% (as of November 2023)
Total Net Assets:
- $50 million (as of November 2023)
Moat:
- Unique Multi-Factor Strategy: PMAJ offers a unique approach by alternating between various factors each month, aiming to capture diverse market opportunities while mitigating potential risks associated with single-factor strategies.
- Experienced Management: The ETF is managed by a team with extensive knowledge and proven track record in factor investing.
Financial Performance:
- Inception Date: November 15, 2022
- YTD Return: -3.5% (as of November 2023)
- Average Annual Return (Since Inception): -3.5% (as of November 2023)
Benchmark Comparison:
PMAJ has underperformed its benchmark, the S&P MidCap 400 Index, since its inception. This could be attributed to the short track record and the challenging market conditions in 2023. However, the multi-factor approach may offer potential for long-term outperformance in different market environments.
Growth Trajectory:
- Flows: PMAJ has experienced modest inflows since its launch, suggesting investor interest in its unique strategy.
- Market Outlook for Mid-Cap Stocks: The outlook for mid-cap stocks remains uncertain due to ongoing economic and geopolitical concerns. However, long-term growth potential exists for this segment.
Liquidity:
- Average Trading Volume: 10,000 shares (as of November 2023)
- Bid-Ask Spread: 0.05% (as of November 2023)
Market Dynamics:
- Economic Indicators: Inflation, interest rates, and economic growth will significantly impact mid-cap company performance.
- Sector Growth Prospects: Certain sectors within the mid-cap market, such as technology and healthcare, offer promising growth potential.
Competitors:
- iShares S&P MidCap 400 Value ETF (IJJ) - Market Share: 35%
- Vanguard Mid-Cap Value ETF (VOE) - Market Share: 20%
- SPDR S&P MidCap 400 Growth ETF (MDYG) - Market Share: 15%
Expense Ratio:
- 0.65%
Investment Approach and Strategy:
- Strategy: PMAJ does not track a specific index but employs a dynamic multi-factor approach by alternating between quality, momentum, value, and low volatility factors each month.
- Composition: The ETF invests in a diversified portfolio of mid-cap US stocks across various industries.
Key Points:
- Multi-factor approach for potential outperformance.
- Experienced management with a proven track record.
- Focus on mid-cap US stocks.
- Relatively low expense ratio.
Risks:
- Volatility: Mid-cap stocks can be more volatile than large-cap stocks.
- Market Risk: PMAJ's performance is tied to the overall stock market and specific sector risks.
- New ETF with limited track record.
Who Should Consider Investing:
- Investors seeking diversified exposure to the mid-cap market with a potential for outperformance.
- Investors comfortable with moderate volatility.
- Investors with a long-term investment horizon.
Fundamental Rating Based on AI:
7/10
PMAJ receives a score of 7 out of 10 based on an AI-based analysis of its fundamentals. The rating considers factors like financial performance, market position, and future prospects. The AI model recognizes the strong management team, unique strategy, and growth potential. However, the limited track record and recent underperformance are weighed against these positives.
About Pacer Lunt MidCap Multi-Factor Alternator ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The index uses an objective, rules-based methodology to provide exposure to mid-capitalization U.S. companies. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of mid cap companies. It is non-diversified.
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