FVAL vs. PTNQ ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Pacer Trendpilot 100 ETF (PTNQ)

FVAL

Fidelity Value Factor ETF

FVAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$63.69

Average Daily Volume

81,730

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

PTNQ

Pacer Trendpilot 100 ETF

PTNQ Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer NASDAQ-100 Trendpilot Index (the "index"). Under normal circumstances, at least 80% of the fund&#39;s total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the index. It may also invest up to 20% of its assets in cash and cash equivalents, other investment companies, as well as securities and other instruments not included in the index but which the Adviser believes will help the fund track the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$75.07

Average Daily Volume

38,323

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	PTNQ
30 Days	4.00%	1.47%
60 Days	5.45%	2.21%
90 Days	7.75%	4.05%
12 Months	29.12%	16.50%

19 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in PTNQ	Overlap
AAPL	B	6.68%	4.92%	4.92%
ADP	B	0.64%	0.45%	0.45%
AEP	D	0.26%	0.19%	0.19%
AMZN	C	3.88%	3.01%	3.01%
BKNG	B	0.87%	0.62%	0.62%
CMCSA	C	0.61%	0.61%	0.61%
CTSH	B	0.76%	0.14%	0.14%
EXC	D	0.26%	0.14%	0.14%
GILD	B	0.97%	0.4%	0.4%
GOOGL	C	3.72%	1.46%	1.46%
HON	B	0.68%	0.55%	0.55%
INTC	C	0.77%	0.39%	0.39%
LIN	D	0.53%	0.79%	0.53%
META	D	2.55%	2.73%	2.55%
MSFT	D	6.37%	4.39%	4.39%
MU	D	0.85%	0.39%	0.39%
NVDA	C	7.33%	4.88%	4.88%
PCAR	B	0.53%	0.21%	0.21%
QCOM	F	1.0%	0.67%	0.67%

FVAL Overweight 105 Positions Relative to PTNQ

Symbol	Grade	Weight
BRK.A	B	2.07%
JPM	B	1.84%
UNH	B	1.69%
CRM	B	1.46%
V	A	1.44%
JNJ	D	1.31%
HD	A	1.22%
ACN	B	1.15%
XOM	C	1.14%
BAC	A	1.13%
ABBV	D	1.11%
IBM	C	1.09%
WFC	A	1.08%
PG	A	1.08%
WMT	B	1.07%
MRK	F	1.01%
BMY	B	0.98%
ZM	B	0.98%
UAL	B	0.84%
MCD	D	0.84%
AXP	A	0.83%
CI	D	0.81%
HPE	B	0.81%
CAT	B	0.77%
C	A	0.74%
COF	B	0.72%
CVS	D	0.71%
TRV	B	0.68%
DFS	B	0.68%
SYF	A	0.67%
ELV	F	0.67%
GM	B	0.67%
CVX	B	0.67%
EXPE	B	0.66%
DAL	B	0.64%
T	A	0.62%
VZ	B	0.61%
RPRX	D	0.61%
UNP	C	0.61%
DE	B	0.59%
SWKS	F	0.56%
JXN	B	0.56%
LMT	D	0.56%
PRU	A	0.56%
LVS	C	0.55%
UPS	C	0.55%
MO	A	0.55%
CNC	F	0.54%
RNR	C	0.54%
KVUE	A	0.52%
CMI	A	0.52%
F	C	0.51%
OZK	B	0.51%
EBAY	C	0.51%
EG	C	0.5%
WYNN	D	0.5%
MMM	D	0.5%
G	B	0.49%
TGT	F	0.48%
FDX	B	0.48%
NEE	D	0.46%
RHI	C	0.44%
KR	A	0.43%
OC	B	0.42%
KMB	C	0.41%
COP	D	0.4%
M	D	0.39%
AGCO	D	0.38%
ADM	F	0.35%
ACI	C	0.34%
DUK	C	0.34%
PLD	D	0.32%
BG	F	0.32%
EOG	C	0.31%
PCG	B	0.29%
PARA	C	0.28%
SPG	C	0.27%
ATKR	C	0.26%
NRG	C	0.26%
PSA	C	0.25%
FCX	F	0.24%
MPC	F	0.24%
O	D	0.23%
CBRE	B	0.23%
VLO	C	0.22%
NFG	B	0.2%
VICI	C	0.2%
NUE	D	0.19%
NEM	F	0.19%
BXP	D	0.18%
DVN	F	0.18%
CF	B	0.18%
STLD	B	0.18%
UGI	A	0.18%
HST	C	0.17%
JLL	B	0.17%
WPC	D	0.16%
ARE	D	0.16%
GLPI	B	0.16%
DOW	F	0.16%
LYB	F	0.15%
CIVI	D	0.13%
MOS	F	0.13%
MUR	F	0.13%
CLF	F	0.11%

FVAL Underweight 82 Positions Relative to PTNQ

Symbol	Grade	Weight
AVGO	D	-2.82%
TSLA	B	-2.32%
COST	B	-1.5%
GOOG	C	-1.41%
NFLX	B	-1.34%
TMUS	A	-1.02%
CSCO	A	-0.85%
AMD	F	-0.82%
ADBE	C	-0.81%
PEP	F	-0.8%
TXN	D	-0.69%
ISRG	C	-0.69%
INTU	C	-0.69%
AMGN	D	-0.55%
AMAT	F	-0.52%
PANW	C	-0.46%
VRTX	D	-0.44%
SBUX	B	-0.42%
ADI	D	-0.38%
MELI	C	-0.35%
LRCX	F	-0.34%
PYPL	A	-0.32%
CTAS	B	-0.32%
KLAC	F	-0.31%
MDLZ	F	-0.31%
SNPS	B	-0.3%
REGN	F	-0.3%
PDD	F	-0.29%
CRWD	B	-0.29%
MAR	A	-0.29%
CDNS	B	-0.29%
MRVL	B	-0.28%
CEG	D	-0.27%
FTNT	C	-0.26%
ORLY	B	-0.26%
CSX	B	-0.25%
ADSK	B	-0.24%
DASH	A	-0.24%
ASML	F	-0.23%
NXPI	D	-0.21%
ABNB	C	-0.21%
ROP	B	-0.21%
CPRT	A	-0.2%
WDAY	C	-0.2%
CHTR	C	-0.2%
PAYX	B	-0.19%
TTD	B	-0.19%
MNST	B	-0.19%
ODFL	B	-0.17%
FAST	B	-0.17%
ROST	C	-0.17%
BKR	C	-0.16%
EA	C	-0.16%
VRSK	A	-0.15%
KDP	D	-0.15%
LULU	C	-0.14%
GEHC	F	-0.14%
KHC	D	-0.14%
TEAM	B	-0.14%
DDOG	A	-0.14%
XEL	A	-0.14%
CCEP	B	-0.13%
IDXX	F	-0.13%
MCHP	F	-0.13%
AZN	F	-0.13%
FANG	F	-0.12%
ANSS	B	-0.11%
CSGP	C	-0.11%
ZS	C	-0.11%
DXCM	C	-0.11%
TTWO	B	-0.11%
ON	C	-0.1%
CDW	F	-0.09%
MDB	C	-0.08%
ILMN	C	-0.08%
BIIB	F	-0.08%
WBD	C	-0.08%
GFS	C	-0.08%
MRNA	F	-0.06%
ARM	D	-0.06%
SMCI	D	-0.05%
DLTR	D	-0.05%