(PTMC) Pacer Trendpilot US Mid Cap - Overview

The Pacer Trendpilot US Mid-Cap ETF (BATS: PTMC) commits at least 80 % of its net assets (excluding securities-lending collateral) to the securities that compose its underlying index, which follows a rule-based trend-following methodology. The index allocates exposure in three possible ways based on the S&P MidCap 400’s price relative to its 200-day simple moving average: (i) fully invested in the S&P MidCap 400, (ii) split 50 % S&P MidCap 400 / 50 % 3-month U.S. Treasury bills, or (iii) fully in 3-month Treasury bills.

Key metrics as of the latest filing (Q3 2024) show an expense ratio of 0.35 % and assets under management of roughly $650 million, with an average daily trading volume of about 250,000 shares. The fund’s sector weighting mirrors the broader Mid-Cap Blend universe, with the largest allocations typically in Industrials (~22 %), Consumer Discretionary (~18 %), and Information Technology (~15 %).

From a macro perspective, PTMC’s performance is sensitive to U.S. economic growth and monetary policy. A sustained acceleration in real GDP (e.g., Q2 2024 growth of 2.4 % annualized) tends to boost mid-cap earnings, while rising short-term rates can increase the attractiveness of the Treasury-bill overlay, potentially shifting the fund toward a more defensive stance.

Because the trend-following rule can cause rapid position changes, investors should monitor the 200-day SMA crossover frequency-historically, the index has switched regimes roughly 4–5 times per year, which can amplify turnover and tax considerations.

For a deeper quantitative breakdown, you might explore ValueRay’s analytics platform.