EWP vs. PTEU ETF Comparison

Comparison of iShares MSCI Spain Capped Index Fund (EWP) to Pacer TrendpilotTM European Index ETF (PTEU)

EWP

iShares MSCI Spain Capped Index Fund

EWP Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Spain 25/50 Index. The fund will at all times invest at least 80% of its assets in the securities of its underlying index and in depositary receipts ("DRs") representing securities in its underlying index. The MSCI Spain 25/50 Index consists of stocks traded primarily on the Madrid Stock Exchange. A capping methodology is applied that limits the weight of any single component to a maximum of 25% of the MSCI Spain 25/50 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.66

Average Daily Volume

308,638

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PTEU

Pacer TrendpilotTM European Index ETF

PTEU Description

The investment seeks to track the total return performance of the Pacer Trendpilot European Index. Normally the fund will invest at least 80% of its total assets in the component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index uses an objective, rules-based methodology to implement a systematic trend-following strategy that directs exposure (i) 100% to the FTSE Eurobloc Index, (ii) 50% to the FTSE Eurobloc Index and 50% to 3-Month US Treasury bills, or (iii) 100% to 3-Month US Treasury bills. It is non-diversified.

Grade (RS Rating)

Last Trade

$27.45

Average Daily Volume

4,496

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EWP	PTEU
30 Days	9.36%	7.31%
60 Days	8.86%	4.68%
90 Days	16.83%	9.29%
12 Months	24.72%	4.57%

2 Overlapping Holdings

	Symbol	Grade	Weight in EWP	Weight in PTEU	Overlap
	BBVA	D	11.48%	1.08%	1.08%
	SAN	A	15.52%	1.36%	1.36%

EWP Overweight 3 Positions Relative to PTEU

Symbol	Grade	Weight
TEF	B	4.63%
AMS	C	4.5%
RACE	C	4.44%

EWP Underweight 13 Positions Relative to PTEU

Symbol	Grade	Weight
ASML	D	-6.15%
SAP	B	-3.48%
TTE	B	-2.55%
SNY	C	-1.85%
BUD	A	-1.03%
ING	A	-1.01%
STLA	D	-0.8%
E	B	-0.58%
ARGX	F	-0.4%
NOK	C	-0.34%
QGEN	B	-0.16%
FMS	C	-0.15%
TS	D	-0.14%

EWP: Top Represented Industries & Keywords

Industries: Banks - Global Auto Manufacturers Medical Care Telecom Services