EMEQ vs. ECOW ETF Comparison

Comparison of Macquarie Focused Emerging Markets Equity ETF (EMEQ) to Pacer Emerging Markets Cash Cows 100 ETF (ECOW)

EMEQ

Macquarie Focused Emerging Markets Equity ETF

EMEQ Description

Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of emerging markets issuers. The fund invests primarily in a broad range of equity securities of companies located in emerging market countries and may invest in companies of any size. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.17

Average Daily Volume

5,009

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ECOW

Pacer Emerging Markets Cash Cows 100 ETF

ECOW Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer US Cash Cows 100 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 large and mid-capitalization U.S. companies with high free cash flow yields. Companies with high free cash flow yields are commonly referred to as "cash cows". The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.51

Average Daily Volume

17,116

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EMEQ	ECOW
30 Days	-6.88%	-4.16%
60 Days	-2.19%	0.24%
90 Days		-0.40%
12 Months		7.78%

6 Overlapping Holdings

Symbol	Grade	Weight in EMEQ	Weight in ECOW	Overlap
ABEV	F	0.97%	1.95%	0.97%
BABA	D	4.5%	2.38%	2.38%
BIDU	F	0.5%	1.77%	0.5%
CX	F	0.67%	0.67%	0.67%
FMX	F	0.89%	1.37%	0.89%
KOF	F	0.9%	0.9%	0.9%

EMEQ Overweight 14 Positions Relative to ECOW

Symbol	Grade	Weight
PDD	F	2.54%
PBR	D	2.22%
HDB	C	2.11%
INFY	C	1.41%
ITUB	F	1.36%
BAP	A	1.09%
BGNE	D	1.01%
BBD	D	0.67%
TCOM	B	0.63%
GRAB	A	0.62%
TAL	F	0.59%
RDY	F	0.55%
BILI	D	0.5%
ZTO	F	0.47%

EMEQ Underweight 7 Positions Relative to ECOW

Symbol	Grade	Weight
JD	D	-2.58%
LI	F	-2.35%
VALE	F	-1.74%
GGB	C	-0.63%
ERJ	A	-0.55%
ASR	D	-0.49%
HMY	D	-0.3%

ECOW: Top Represented Industries & Keywords

Industries: Beverages - Brewers Specialty Retail Aerospace & Defense Airports & Air Services Auto Manufacturers Beverages - Soft Drinks Building Materials Gold Industrial Metals & Minerals Internet Content & Information Steel