The team at a Keystone State fund firm is celebrating a big milestone for their flagship series' second biggest offering.

The Pacer ETFs [profile] folks recently confirmed that the Pacer US Small Cap Cash Cows 100 ETF (CALF on the Cboe BZX Exchange, Inc.) has surpassed $3 billion in AUM. As of yesterday, the passively managed ETF held $3.349 billion in AUM.

CALF is a series of Pacer Funds Trust. Its inception was on June 16, 2017, and the fund comes with an expense ratio of 59 basis points. It is the second biggest fund in Pacer's seven-year-old Cash Cows ETFs series, which includes nine funds and $20.838 billion in AUM as of yesterday. (By comparison, in July all of Pacer surpassed $25 billion across 47 ETFs after surpassing $24 billion a month earlier.)

Pacer affiliate Index Design Group serves as CALF's index provider, while Pacer Advisors, Inc. serves as investment advisor and Pacer Financial, Inc. serves as distributor. The six-year-old fund is designed to track the Pacer US Small Cap Cash Cows Index. The fund's PMs include: Bruce Kavanaugh, vice president at Pacer and PM since the fund's inception; and Danke Wang, portfolio manager, who joined the fund's PM team last year.

CALF's other vendors include: Sanville & Company as independent accounting firm; Practus LLP as counsel; U.S. Bancorp Fund Services (dba U.S. Bank Global Fund Services) as administrator, fund accountant, index receipt agent, and transfer agent; and U.S. Bank National Association as custodian and securities lending agent. 

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