At a glance
SRVR charges 0.49% a year, above the 0.43% average of the 8 funds most like it (the 5th cheapest of 9). It has $370.7M in assets, the 5th largest of that group; it paid 4.93% of its price in distributions over the past 12 months, quarterly. Over the past year it returned −8.8% with distributions reinvested (S&P 500: +11.5%), the weakest of those 9 funds; over three years it returned +6.9% a year. At its worst it fell 37.7% in the 2022 bear market (S&P 500: 24.5%), and is still below its earlier high. Its ten largest positions make up 71.9% of the fund, out of 65 in all.
The short version
Pacer Data & Infrastructure Real Estate ETF (SRVR) tracks an index of data center and cell tower owners, led by Digital Realty, Equinix and American Tower, plus a 20% slice of nuclear and power-infrastructure companies. It charges 0.49% a year, above the 0.43% average of similar funds, and its trailing 12-month yield was 4.93% as of October 27, 2026. Its 8.8% one-year loss to that date ranked last among those peers.
Price history
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SRVR -8.8% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| SRVR official prospectus, to Dec 31, 2025 | — | -1.86% | — | -2.17% | — | +4.29% |
| SRVR price data to Oct 27, 2026 | +0.8% | -8.8% | +6.9% | -4.6% | — | -1.1% |
- Over the year to Oct 27, 2026, SRVR returned -8.8%, 9th of 9 among similar funds.
- Its 5-year annualized return was -4.6%.
- Its worst full calendar year was 2022 (-31.9%); its best was 2021 (+22.3%).
- The deepest fall in its price history was 40.9% (Dec 31, 2021 to Oct 25, 2023), not yet recovered.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +0.8% | — |
| 2025 | -2.0% | -1.86% |
| 2024 | +2.7% | +2.55% |
| 2023 | +6.9% | +6.97% |
| 2022 | -31.9% | -31.77% |
| 2021 | +22.3% | +22.00% |
| 2020 | — | +12.04% |
| 2019 | — | +41.76% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Not in the price data, which starts Jun 2, 2020 |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 37.7% over that stretch · deepest drop along the way 37.7%, not recovered by the end of the data |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.9500 | |
| 2025 | $0.7600 | +26.7% |
| 2024 | $0.6000 | -45.5% |
| 2023 | $1.1000 | +124.5% |
| 2022 | $0.4900 | -5.8% |
| 2021 | $0.5200 |
What's inside
As of Jul 31, 2026, the fund held 65 securities; the ten largest made up 71.89% of assets. It also reported 8.16% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.
| Holding | Weight | |
|---|---|---|
| Digital Realty Trust Inc | 16.67% | |
| Equinix Inc | 15.72% | |
| American Tower Corp | 15.08% | |
| Iron Mountain Inc | 4.70% | |
| Cellnex Telecom SA | 4.52% | |
| SBA Communications Corp | 4.32% | |
| Crown Castle Inc | 4.04% | |
| NEXTDC Ltd | 2.78% | |
| China Tower Corp Ltd | 2.34% | |
| GDS Holdings Ltd | 1.73% | |
| Iridium Communications Inc | 1.72% | |
| Keppel DC REIT | 1.35% | |
| Fermi Inc | 1.12% | |
| Rolls-Royce Holdings PLC | 1.06% | |
| DigitalBridge Group Inc | 1.02% |
By country
United States 75.63%China 4.54%Spain 4.52%Australia 3.71%South Korea 2.26%By asset type
Stocks 99.89%By sector
Sectors of the companies held, for the 61.5% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $25.8M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -1.28%, -8.47%, -2.45%.
How it works
SRVR is an index fund aiming to match the total return, before fees, of the Solactive GPR Data & Infrastructure Real Estate Index, built by Global Property Research and Solactive. At each rebalance, 80% of the index goes to companies earning at least 85% of revenue or earnings from data and infrastructure real estate, such as cell tower and data center owners. Many are REITs (real estate investment trusts), which own property and pay out most of their income as dividends. Some carry heavy debt.
The other 20% goes to power companies from the Solactive Small Modular Reactor Index. These must earn at least 50% of revenue from small modular reactors, nuclear power, grid and power equipment, or data center power and cooling gear. Solactive picks them with ARTIS, software that scans company reports and news for key words.
Stocks must be listed in developed or emerging markets, excluding India and Mexico, and pass size and trading tests. They are weighted by free-float market value, counting only publicly available shares, with each capped at 15% on rebalance dates: the third Friday of March, June, September and December. Weights drift between rebalances. As of July 31, 2026, Digital Realty, Equinix and American Tower each topped 15% of the fund, and the top 10 holdings made up 71.89%.
What it really costs
- SRVR charges 0.49% a year, versus an average of 0.43% for the similar funds below (5th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $50 in the first year and $616 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| SRVR | $50 | $157 | $274 | $616 |
In a retirement portfolio
It is a narrow, concentrated sector fund with a deep, unrecovered drawdown, so it fits better as a small add-on than as a foundation.
SRVR could add a focused stake in data centers, towers and power suppliers, which broad funds hold only in small amounts. It also pays income every quarter: the trailing 12-month yield was 4.93% as of October 27, 2026. The risk record is rough. The fund lost 31.77% in 2022, its worst calendar year. Its deepest drop, about 41% from December 31, 2021 to October 25, 2023, had not been recovered as of October 27, 2026. The fund launched in 2018, so it has no 2008 record, and its price history here starts after the 2020 crash. It did gain 12.04% for full-year 2020. Anyone forced to sell shares or take income during a slump like 2022 would have locked in large losses. In the SEC's standard example, the 0.49% fee costs $50 in year one on $10,000. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting concentrated exposure to data center and tower landlords like Digital Realty, Equinix and American Tower, instead of a broad REIT fund.
- Income seekers who value quarterly payouts; the trailing 12-month yield was 4.93% as of October 27, 2026, though payouts can change.
- Investors comfortable with a 20% slice of nuclear, small-reactor and power-infrastructure stocks alongside data center and tower REITs.
Look elsewhere if
- Cost-conscious investors: the 0.49% fee is above the 0.43% peer average, and the broad Real Estate Select Sector SPDR Fund (XLRE) charges 0.08%.
- Investors focused on long-term growth: the prospectus shows an average annual loss of 2.17% over the five years to December 31, 2025.
- Investors who can't ride out deep slides: it fell 40.9% from December 2021 to October 2023 and hadn't regained that peak by October 27, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| SRVR this fund | — | 0.49% | $370.7M | -8.8% | +6.9% |
| DTCR Global X Data Center And Digital Infrastruc… | 56% | 0.5% | $2.14B | +16.5% | — |
| WTRE WisdomTree New Economy Real Estate Fund | 36% | 0.58% | $16.3M | -7.4% | +16.7% |
| IDGT iShares U.S. Digital Infrastructure and Rea… | 34% | 0.41% | $502.8M | +26.4% | — |
| DTRE First Trust Alerian Disruptive Technology R… | 29% | 0.6% | $14.2M | +3.6% | +8.5% |
| ICF iShares Cohen & Steers REIT ETF | 28% | 0.33% | $2.10B | +7.6% | +14.2% |
| PSR Invesco Active U.S. Real Estate Fund | 26% | 0.35% | $60.4M | +8.6% | +13.1% |
| XLRE Real Estate Select Sector SPDR Fund | 26% | 0.08% | $8.10B | +2.8% | +13.3% |
Questions investors ask
Does SRVR pay monthly dividends?
No. SRVR pays distributions quarterly, not monthly. Over the 12 months ending October 27, 2026, it paid $1.38 per share, a trailing yield of 4.93%. Much of the fund is real estate investment trusts (REITs), which must pass most of their taxable income to shareholders. That helps explain the income. Payouts can change from quarter to quarter, and a high trailing yield doesn't protect the share price from falling.
What's the difference between SRVR and DTCR?
Both focus on data centers and digital infrastructure, and their holdings overlap by about 56%. Global X Data Center And Digital Infrastructure ETF (DTCR) charges 0.50% against SRVR's 0.49%. DTCR is much larger, with $2.14 billion in net assets as of August 31, 2026, compared with $370.7 million for SRVR as of July 31, 2026. Recent results split sharply: over the year to October 27, 2026, DTCR returned 16.5% and SRVR lost 8.8%.
What is SRVR's expense ratio?
SRVR's expense ratio is 0.49% a year, all of it management fee, according to its prospectus filed August 27, 2026. That puts it above the 0.43% average of similar funds, in the middle of the group. In the SEC's standard example, with $10,000 invested and a 5% annual return, costs come to about $50 after one year, $157 after three, $274 after five and $616 after ten.
How has SRVR performed over the last 5 years?
Poorly. As of December 31, 2025, the prospectus shows an average annual return of -2.17% over five years and -1.86% for 2025. Since its 2018 launch, it has averaged 4.29% a year. Based on prices through October 27, 2026, the five-year return was -4.6% a year and the one-year return was -8.8%. Over one year, that ranked last among nine similar funds. The fund's worst year was 2022, when it lost 31.77%.
Is SRVR a good investment for retirement?
It is better suited to a small, higher-risk role than to a core holding. SRVR offers quarterly income, with a 4.93% trailing yield as of October 27, 2026, and exposure to data centers and towers. But it is concentrated, and its roughly 41% drop from late 2021 had not been recovered by October 2026. Retirees who need to sell in a downturn would face that volatility directly. A plan should weigh the whole portfolio, not one fund.