HERD vs. BNKD ETF Comparison

Comparison of Pacer Cash Cows Fund of Funds ETF (HERD) to MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD)
HERD

Pacer Cash Cows Fund of Funds ETF

HERD Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer Emerging Markets Cash Cows 100 Index. The index uses an objective, rules-based methodology to provide exposure to large and mid-capitalization companies in emerging markets with high free cash flow yields. 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 and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. It is non-diversified.

Grade (RS Rating)

Last Trade

$38.67

Average Daily Volume

10,450

Number of Holdings *

4

* may have additional holdings in another (foreign) market
BNKD

MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs

BNKD Description The investment seeks to provide a leveraged inverse return based on the performance of the Solactive MicroSectorsTM U.S. Big Banks Index. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. stocks with the largest market capitalization in the banking sector.

Grade (RS Rating)

Last Trade

$20.99

Average Daily Volume

81,623

Number of Holdings *

10

* may have additional holdings in another (foreign) market
Performance
Period HERD BNKD
30 Days 0.41% -16.37%
60 Days 2.14% -22.97%
90 Days 5.61% -36.39%
12 Months 21.41% -73.41%
0 Overlapping Holdings
Symbol Grade Weight in HERD Weight in BNKD Overlap
HERD Overweight 4 Positions Relative to BNKD
Symbol Grade Weight
GCOW A 20.49%
ICOW A 20.41%
BUL C 19.77%
CALF D 19.65%
HERD Underweight 10 Positions Relative to BNKD
Symbol Grade Weight
WFC A -10.0%
USB D -10.0%
TFC B -10.0%
SCHW A -10.0%
PNC B -10.0%
MS A -10.0%
JPM B -10.0%
GS A -10.0%
C A -10.0%
BAC B -10.0%
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