CALF vs. ARB ETF Comparison

Comparison of Pacer US Small Cap Cash Cows 100 ETF (CALF) to AltShares Merger Arbitrage ETF (ARB)

CALF

Pacer US Small Cap Cash Cows 100 ETF

CALF Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer US Small Cap Cash Cows Index (the index). Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the index. The index uses an objective, rules-based methodology to provide exposure to small-capitalization U.S. companies with high free cash flow yields.

Grade (RS Rating)

Last Trade

$45.80

Average Daily Volume

2,399,409

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ARB

AltShares Merger Arbitrage ETF

ARB Description

AltShares Trust - AltShares Merger Arbitrage ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. It invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sectors. The fund employs long/short strategy and uses derivatives such as futures, forwards, swaps to create its portfolio. AltShares Trust - AltShares Merger Arbitrage ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$26.69

Average Daily Volume

24,623

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CALF	ARB
30 Days	-5.16%	-1.55%
60 Days	-4.48%	-0.26%
90 Days	-2.01%	-0.32%
12 Months	22.04%	3.65%

1 Overlapping Holdings

	Symbol	Grade	Weight in CALF	Weight in ARB	Overlap
	MDC	A	1.93%	2.74%	1.93%

CALF Overweight 96 Positions Relative to ARB

Symbol	Grade	Weight
AEO	C	2.16%
CVI	C	2.1%
DXC	F	2.09%
BCC	B	2.07%
SIG	C	2.07%
XRX	D	2.06%
ANDE	A	2.06%
MLI	A	2.05%
OMI	A	2.03%
SM	A	2.02%
CRC	A	2.0%
NSIT	C	1.97%
NWL	F	1.91%
MHO	D	1.9%
GIII	B	1.81%
CALM	A	1.8%
WOR	D	1.79%
LCII	D	1.77%
HBI	D	1.77%
CEIX	B	1.77%
AMR	D	1.69%
GFF	C	1.61%
SKYW	A	1.6%
HP	A	1.58%
LBRT	A	1.58%
GMS	B	1.52%
VSTO	A	1.5%
ARCH	B	1.44%
PATK	D	1.32%
WIRE	A	1.26%
REZI	D	1.24%
CENT	D	1.22%
ALKS	F	1.2%
YELP	D	1.11%
KTB	B	1.08%
COLL	C	1.05%
HUBG	D	1.05%
DBI	D	1.05%
MLKN	D	1.01%
LPG	A	1.01%
PLUS	C	0.95%
GRBK	C	0.85%
CVCO	C	0.85%
CCRN	F	0.84%
POWL	C	0.84%
ODP	C	0.83%
RES	A	0.83%
WNC	D	0.82%
BKE	D	0.82%
EXTR	F	0.8%
HRMY	D	0.8%
ROCK	D	0.77%
AMWD	C	0.75%
SGH	F	0.74%
WGO	D	0.71%
CNXN	C	0.69%
FWRD	F	0.67%
CAL	D	0.65%
SCSC	B	0.65%
SLCA	A	0.65%
DNOW	A	0.65%
PLAB	D	0.64%
ZEUS	B	0.63%
IRWD	D	0.61%
SONO	D	0.53%
INVA	B	0.52%
MD	D	0.52%
SXC	C	0.52%
MNRO	F	0.51%
APOG	A	0.49%
LZB	D	0.49%
SMP	D	0.48%
MCRI	C	0.48%
OMCL	D	0.47%
PCRX	F	0.47%
THRY	A	0.46%
MED	F	0.45%
NX	B	0.45%
TILE	B	0.45%
LNN	D	0.44%
CLW	A	0.44%
TWI	D	0.43%
PRDO	B	0.4%
SCHL	D	0.37%
VREX	D	0.37%
IIIN	D	0.36%
JBSS	D	0.35%
DVAX	D	0.33%
ETD	C	0.29%
MOV	D	0.28%
KELYA	B	0.23%
MCS	F	0.23%
USNA	F	0.2%
LQDT	D	0.17%
RGP	F	0.17%
NPK	A	0.15%

CALF Underweight 31 Positions Relative to ARB

Symbol	Grade	Weight
PXD	A	-3.66%
HES	A	-3.57%
CTLT	C	-3.52%
ANSS	C	-3.4%
AXNX	C	-2.74%
DOOR	A	-2.7%
JNPR	C	-2.68%
CERE	B	-2.64%
EVBG	A	-2.08%
VZIO	A	-2.0%
KAMN	A	-1.96%
DFS	A	-1.89%
CPRI	F	-1.88%
SWN	A	-1.86%
X	D	-1.82%
SP	B	-1.39%
HAYN	A	-1.39%
AMED	D	-1.36%
OLK	D	-1.31%
HA	C	-1.29%
MGRC	D	-1.01%
WRK	A	-0.99%
EGLE	B	-0.73%
TAST	A	-0.69%
NWLI	A	-0.66%
CNSL	C	-0.65%
CSTR	A	-0.61%
TGAN	C	-0.52%
ONB	B	--0.13%
CHRD	A	--1.89%
COF	A	--2.2%