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FLRT vs USLN

Pacer Aristotle Pacific Floating Rate High Income ETF

FLRTCNYSE Arca

iShares Broad USD Floating Rate Loan ETF

USLNCCboe

Overlap

Expense ratio

USLN −0.17pt a year

FLRT0.60%USLN0.43%

Avg volume · 30D

FLRT 59.6×the volume

FLRT199KUSLN3.33K

FLRT vs USLN Performance

Jul 31, 2026 – Oct 30, 2026

+0.8%FLRT+0.8%USLN

Jul 31, 2026 to Oct 30, 2026. FLRT +0.8%. USLN +0.8%. Use the arrow keys to read each point.0%0.25%1%1.25%1.5%Jul 2026Sep 2026Oct 2026
Expense ratio
FLRT 0.60%
USLN 0.43%, better
Fund size
FLRT $1.09B
USLN $30M
1Y total return
FLRT +4.5%
USLN No data
Yield (12M)
FLRT 6.62%
USLN No data
Holdings
FLRT 370
USLN 361
Avg volume (30D)
FLRT 199K sh, better
USLN 3.33K sh
NAV per share
FLRT $46.24
USLN $49.91
52W range

ETF.net Grade

FLRT: Cost 57, Risk 69, Mission 23, Tradability 83, Holdings 36, Durability 71. USLN: Cost 84, Risk 66, Mission not scored, Tradability 13, Holdings 28, Durability 26.
Pillar letters and Scores for FLRT, USLN, with each pillar’s weight
PillarFLRTUSLN
Cost30% weightB57A84Higher
Mission25% weightF23Not scored
Risk15% weightB69HigherB66
Tradability15% weightA83HigherF13
Holdings10% weightD36HigherD28
Durability5% weightA71HigherD26

Rank among Bank Loan funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FLRT and USLN are both graded against the same 11 Bank Loan funds, so their Grades compare head to head.

Bank Loan⁠

Category · 11 funds
See all 11 ›

USLN ranks 3rd and FLRT 6th of 11 funds in the Bank Loan Category.

  1. Rank 1BLVLNState Street SPDR S&P Leveraged Loan ETFScore 63
  2. Rank 2BSEIXVirtus Seix Senior Loan ETFScore 58
  3. Rank 3CUSLNiShares Broad USD Floating Rate Loan ETFScore 54
  4. Rank 4CFTSLFirst Trust Senior Loan FundScore 53
  5. Rank 6CFLBLFranklin Senior Loan ETFScore 52
  6. Rank 6CFLRTPacer Aristotle Pacific Floating Rate High Income ETFScore 52
  7. Rank 8CSRLNState Street Blackstone Senior Loan ETFScore 47

Our read on each fund

ETF.net Research

FLRTCPacer Aristotle Pacific Floating Rate High Income ETF

USLNCiShares Broad USD Floating Rate Loan ETF

In short

FLRT A bank-loan specialist parked in a high-yield crowd. FLRT buys floating-rate debt from below-investment-grade borrowers, so coupons reset with short-term rates instead of sitting fixed, and a credit sub-adviser picks the paper. Running since 2015.

USLN No data

Stated mandate

FLRT The fund seeks high current income by investing mainly in floating-rate loans issued by non-investment-grade companies; this exposure may also help hedge rising interest rates.

USLN No data

Why people hold it

  • FLRT Floating-rate coupons reset with short-term rates, which is why Pacer frames the portfolio as an income source that can also hedge rising rates rather than a long-duration bond bet.paceretfs.com
  • Real loan-market pedigree behind the wheel: Aristotle Pacific Capital, formerly Pacific Asset Management, sub-advises and assembles a few hundred positions credit by credit.paceretfs.com
  • Income arrives monthly, not quarterly.
  • Not a freshly minted launch: the strategy has traded since 2015 and survived a fund reorganization along the way.paceretfs.com

USLN No data

Worth knowing

  • FLRT Active pricing: 0.60% a year, above the roughly 0.40% typical of high-yield ETFs, and index rivals such as SCYB and SPHY charge a small fraction of that.
  • The S&P/LSTA Leveraged Loan 100 is the yardstick, not the blueprint. Holdings are chosen actively, so the portfolio can look quite different from the loan market it gets measured against.paceretfs.com
  • The prospectus flags liquidity, CLO and asset-backed risks alongside high-yield credit risk. Loan paper can get harder to move when markets tighten up.paceretfs.com

USLN No data

Full FLRT profile⁠

Full USLN profile⁠

FLRT vs USLN Holdings

As of
How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FLRT vs USLN Cost

Overpaying FLRT vs USLN

$3,155

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FLRT 0.60%

    $11,817

  • USLN 0.43%

    $8,662

$10,000
30 years

Cost over time

  • FLRT 0.60%
  • USLN 0.43%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530FLRT $11,817USLN $8,662

Year by year

YearFLRTUSLNOverpaying
10$1,076$776$300
20$4,116$2,994$1,122
30$11,817$8,662$3,155

Expense ratio

  • 0.60%FLRT
  • 0.43%USLN, cheaper
  • Middle half of Bank Loan funds
  • Median 0.61%

USLN 2nd cheapest of 11 funds

FLRT 5th cheapest of 11 funds

FLRT vs USLN Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FLRT 6.62%
USLN No data
Payout (12M)
FLRT $3.06
USLN No data
Last payment
FLRT $0.20
USLN $0.29
Ex-dividend
FLRT Oct 22, 2026
USLN Oct 1, 2026
Paid on
FLRT Oct 26, 2026
USLN Oct 6, 2026
Frequency
FLRT Monthly
USLN Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

FLRTMonthly · 46 paymentsAll FLRT payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 26, 2023 $0.23; Feb 23, 2023 $0.27; Mar 23, 2023 $0.29; Apr 27, 2023 $0.37; May 25, 2023 $0.26; Jun 22, 2023 $0.32; Jul 27, 2023 $0.37; Aug 24, 2023 $0.31; Sep 21, 2023 $0.30; Oct 26, 2023 $0.40; Nov 22, 2023 $0.34; Dec 27, 2023 $0.48; Jan 25, 2024 $0.26; Feb 22, 2024 $0.29; Mar 21, 2024 $0.30; Apr 25, 2024 $0.38; May 23, 2024 $0.21; Jun 27, 2024 $0.41; Jul 25, 2024 $0.29; Aug 22, 2024 $0.30; Sep 26, 2024 $0.38; Oct 24, 2024 $0.29; Nov 21, 2024 $0.27; Dec 27, 2024 $0.38; Jan 23, 2025 $0.21; Feb 26, 2025 $0.30; Mar 27, 2025 $0.26; Apr 24, 2025 $0.22; May 22, 2025 $0.18; Jun 26, 2025 $0.32; Jul 24, 2025 $0.25; Aug 27, 2025 $0.31; Sep 25, 2025 $0.26; Oct 23, 2025 $0.25; Nov 25, 2025 $0.29; Dec 23, 2025 $0.41; Jan 22, 2026 $0.16; Feb 25, 2026 $0.29; Mar 26, 2026 $0.26; Apr 23, 2026 $0.23; May 21, 2026 $0.16; Jun 25, 2026 $0.28; Jul 23, 2026 $0.23; Aug 27, 2026 $0.33; Sep 24, 2026 $0.22; Oct 22, 2026 $0.20. Use the arrow keys to read each point.$0$0.5020232026YTD
USLNMonthly · 6 paymentsAll USLN payments⁠
One bar per payment. 6 payments from 2023 to 2026 YTD. May 1, 2026 $0.48; Jun 1, 2026 $0.31; Jul 1, 2026 $0.30; Aug 3, 2026 $0.32; Sep 1, 2026 $0.34; Oct 1, 2026 $0.29. Use the arrow keys to read each point.$0$0.5020232026YTD

FLRT vs USLN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FLRT 2.1%USLN No data
Return per unit of riskSharpe ratio, 3 years
FLRT 1.40USLN No data
Worst fallMax drawdown, 5 years
FLRT −7.6%USLN No data
Market sensitivityBeta, 5 years
FLRT 0.10USLN 0.14

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