ALTL: PACER LUNT LARGE CAP ALTERNATOR ETF
ETF Education Report: PACER LUNT LARGE CAP ALTERNATOR ETF (ALTL)
What this ETF is trying to do
The PACER LUNT LARGE CAP ALTERNATOR ETF (ticker: ALTL) is an exchange-traded fund listed on the NYSE. While the specific investment strategy is not detailed in the data, it holds a variety of large companies across different sectors.
What the numbers show
When looking at an ETF, it is important to understand two different types of returns: price return (how much the share price changed) and total return (the share price change plus any cash paid out to investors).
Here is how ALTL has performed:
• Year-to-Date (YTD): The price return is approximately 2.63%, while the total return is approximately 3.30%.
• One Year: The price return was approximately 1.06%, and the total return was approximately 2.39%.
• Three Years: The price return was approximately 29.14%, and the total return was approximately 34.08%.
To give you an idea of price movement, the current price is $44.05. The estimated price from roughly one year ago was approximately $43.59.
Income and distribution explanation
Some investors look for ETFs that pay out cash, known as distributions. ALTL has a distribution yield of approximately 1.34%. This number describes the cash distributions relative to the ETF's price.
The trailing distributions were approximately $0.59 per share. These payments usually happen quarterly, and there were 4 payouts in the last 12 months. It is important to remember that a distribution yield is not the same as total return.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). Some investors worry about erosion because they want to make sure their original investment stays stable.
For ALTL, the erosion-risk score is 94, which is labeled as "Stable / sideways." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Pros
• Positive Returns: The ETF has shown positive price returns and total returns over the one-year, three-year, and year-to-date periods.
• Stable Risk Profile: The erosion-risk measurements suggest the fund is currently considered stable.
Cons
• Lower Yield: The distribution yield of 1.34% may be considered low for investors specifically seeking high levels of immediate cash income.
Top Holdings
The following are some of the top holdings in this ETF (note that this is a partial list):
• Berkshire Hathaway Inc Class B (1.44%)
• Duke Energy Corp (1.27%)
• FirstEnergy Corp (1.27%)
• Evergy Inc (1.26%)
• Regency Centers Corp (1.26%)
• WEC Energy Group Inc (1.26%)
• Atmos Energy Corp (1.24%)
• Loews Corp (1.23%)
• Alliant Energy Corp (1.21%)
• Centerpoint Energy Inc (1.20%)
*Holdings can change over time.*
Beginner takeaway
When studying ALTL, notice the difference between its price return and its total return. The total return is higher because it includes the cash distributions paid to shareholders. Always look at both numbers to see the full picture of how an ETF is performing.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC CLASS B | BRK-B | 1.44% |
| 2 | DUKE ENERGY CORP | DUK | 1.27% |
| 3 | FIRSTENERGY CORP | FE | 1.27% |
| 4 | EVERGY INC | EVRG | 1.26% |
| 5 | REGENCY CENTERS CORP | REG | 1.26% |
| 6 | WEC ENERGY GROUP INC | WEC | 1.26% |
| 7 | ATMOS ENERGY CORP | ATO | 1.24% |
| 8 | LOEWS CORP | L | 1.23% |
| 9 | ALLIANT ENERGY CORP | LNT | 1.21% |
| 10 | CENTERPOINT ENERGY INC | CNP | 1.20% |