INRO vs. PWS ETF Comparison

Comparison of BlackRock U.S. Industry Rotation ETF (INRO) to Pacer WealthShield ETF (PWS)

INRO

BlackRock U.S. Industry Rotation ETF

INRO Description

INRO is targeted US equity exposure, actively managed by shifting the selection and weighting of the portfolio towards industries among the broad domestic market. Portfolio allocation is based on five potential sources of return: information regarding the current economic cycle, valuation, quality metrics, analyst expectation data and recent individual industry trends. The strategy aims to capture the potential alpha from the dispersion between industry allocations and the broad market. During temporary defensive periods, the fund may depart from this principal investment strategy to invest 100% of the portfolio in liquid, short-term securities. The fund may engage in active and frequent trading. Derivatives may also be used to seek returns or hedge exposure. Up to one-third of the value of the funds assets may be lending.

Grade (RS Rating)

Last Trade

$28.39

Average Daily Volume

3,548

Number of Holdings ^*

429

* may have additional holdings in another (foreign) market

PWS

Pacer WealthShield ETF

PWS Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer WealthShield Index. Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in (i) the component securities of the index or (ii) ETFs that seek to track the performance of some or all of the component securities of the index in the same approximate weight as such component securities. The index utilizes a systematic risk management strategy that directs the index's exposure to U.S. equity securities, U.S. Treasury securities, or a mix of each. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.23

Average Daily Volume

1,845

Number of Holdings ^*

217

* may have additional holdings in another (foreign) market

Performance

Period	INRO	PWS
30 Days	5.09%	4.72%
60 Days	6.25%	-1.94%
90 Days	7.10%	1.22%
12 Months		21.11%

134 Overlapping Holdings

Symbol	Grade	Weight in INRO	Weight in PWS	Overlap
AAPL	C	5.76%	4.27%	4.27%
ACN	C	0.07%	0.27%	0.07%
ADBE	C	0.32%	0.27%	0.27%
ADI	D	0.22%	0.13%	0.13%
ADSK	A	0.09%	0.08%	0.08%
AEP	D	0.32%	0.84%	0.32%
AES	F	0.03%	0.15%	0.03%
AMAT	F	0.3%	0.17%	0.17%
AMD	F	0.47%	0.27%	0.27%
AMT	D	0.11%	1.66%	0.11%
AMZN	C	1.47%	7.58%	1.47%
ANSS	B	0.05%	0.04%	0.04%
APH	A	0.19%	0.1%	0.1%
ARE	D	0.04%	0.29%	0.04%
ATO	A	0.05%	0.37%	0.05%
AVB	B	0.01%	0.57%	0.01%
AVGO	D	1.54%	0.93%	0.93%
AZO	C	0.15%	0.21%	0.15%
BBY	D	0.05%	0.07%	0.05%
BXP	D	1.35%	0.2%	0.2%
CBRE	B	0.87%	0.7%	0.7%
CCI	D	0.06%	0.8%	0.06%
CDNS	B	0.12%	0.1%	0.1%
CDW	F	0.05%	0.03%	0.03%
CEG	D	0.45%	1.2%	0.45%
COST	B	0.47%	2.9%	0.47%
CPT	B	0.01%	0.22%	0.01%
CRM	B	0.45%	0.39%	0.39%
CRWD	B	0.12%	0.1%	0.1%
CSGP	D	0.63%	0.55%	0.55%
CTSH	B	0.01%	0.05%	0.01%
DELL	C	0.07%	0.05%	0.05%
DG	F	0.02%	0.11%	0.02%
DHI	D	0.33%	0.19%	0.19%
DLR	B	0.07%	1.01%	0.07%
DLTR	F	0.01%	0.09%	0.01%
DOC	D	0.03%	0.26%	0.03%
DUK	C	0.54%	1.43%	0.54%
EBAY	D	0.02%	0.12%	0.02%
EIX	B	0.21%	0.54%	0.21%
ENPH	F	0.02%	0.01%	0.01%
EPAM	C	0.01%	0.02%	0.01%
EQIX	A	0.1%	1.54%	0.1%
EQR	B	0.01%	0.45%	0.01%
ES	D	0.14%	0.36%	0.14%
ESS	B	0.01%	0.34%	0.01%
ETR	B	0.2%	0.53%	0.2%
EVRG	A	0.11%	0.24%	0.11%
EXC	C	0.25%	0.63%	0.25%
EXR	D	0.04%	0.62%	0.04%
F	C	0.06%	0.17%	0.06%
FE	C	0.15%	0.35%	0.15%
FICO	B	0.08%	0.07%	0.07%
FSLR	F	0.04%	0.02%	0.02%
FTNT	C	0.08%	0.07%	0.07%
GDDY	A	0.01%	0.03%	0.01%
GEN	B	0.02%	0.02%	0.02%
GLW	B	0.09%	0.04%	0.04%
GM	B	0.09%	0.24%	0.09%
GRMN	B	0.22%	0.13%	0.13%
HD	A	1.17%	1.59%	1.17%
HPE	B	0.05%	0.03%	0.03%
HPQ	B	0.06%	0.04%	0.04%
IBM	C	0.06%	0.24%	0.06%
INTC	D	0.22%	0.12%	0.12%
INTU	C	0.26%	0.22%	0.22%
INVH	D	0.01%	0.34%	0.01%
IRM	D	0.04%	0.6%	0.04%
IT	C	0.02%	0.05%	0.02%
JBL	B	0.03%	0.02%	0.02%
KEYS	A	0.06%	0.04%	0.04%
KLAC	D	0.17%	0.1%	0.1%
KMX	B	0.03%	0.05%	0.03%
KR	B	0.05%	0.27%	0.05%
LEN	D	0.28%	0.16%	0.16%
LNT	A	0.11%	0.26%	0.11%
LOW	D	0.43%	0.6%	0.43%
LRCX	F	0.19%	0.11%	0.11%
MAA	B	0.01%	0.33%	0.01%
MCHP	D	0.08%	0.04%	0.04%
MO	A	0.41%	0.68%	0.41%
MPWR	F	0.06%	0.03%	0.03%
MSFT	F	4.24%	3.79%	3.79%
MU	D	0.23%	0.13%	0.13%
NEE	D	0.97%	2.58%	0.97%
NOW	A	0.3%	0.26%	0.26%
NRG	B	0.12%	0.32%	0.12%
NTAP	C	0.04%	0.03%	0.03%
NVDA	C	7.62%	4.4%	4.4%
NVR	D	0.21%	0.09%	0.09%
NXPI	D	0.12%	0.07%	0.07%
ON	D	0.06%	0.03%	0.03%
ORCL	B	0.45%	0.37%	0.37%
ORLY	B	0.21%	0.28%	0.21%
PANW	C	0.18%	0.15%	0.15%
PCG	A	0.26%	0.74%	0.26%
PHM	D	0.18%	0.11%	0.11%
PLTR	B	0.18%	0.15%	0.15%
PM	B	0.87%	1.43%	0.87%
PPL	B	0.05%	0.41%	0.05%
PSA	D	0.07%	0.93%	0.07%
PTC	A	0.04%	0.03%	0.03%
QCOM	F	0.39%	0.21%	0.21%
QRVO	F	0.01%	0.01%	0.01%
ROP	B	0.09%	0.07%	0.07%
ROST	C	0.14%	0.18%	0.14%
SBAC	D	0.03%	0.42%	0.03%
SMCI	F	0.03%	0.02%	0.02%
SNPS	B	0.12%	0.1%	0.1%
SO	D	0.6%	1.57%	0.6%
STX	D	0.03%	0.02%	0.02%
SWKS	F	0.03%	0.02%	0.02%
SYY	B	0.04%	0.25%	0.04%
TDY	B	0.04%	0.03%	0.03%
TER	D	0.03%	0.02%	0.02%
TGT	F	0.08%	0.4%	0.08%
TJX	A	0.39%	0.54%	0.39%
TRMB	B	0.04%	0.02%	0.02%
TSCO	D	0.09%	0.12%	0.09%
TSLA	B	1.32%	3.8%	1.32%
TXN	C	0.39%	0.22%	0.22%
TYL	B	0.04%	0.03%	0.03%
ULTA	F	0.05%	0.07%	0.05%
VICI	C	0.05%	0.6%	0.05%
VRSN	F	0.01%	0.02%	0.01%
VST	B	0.19%	0.87%	0.19%
VTR	C	0.06%	0.47%	0.06%
WBA	F	0.0%	0.04%	0.0%
WDC	D	0.04%	0.03%	0.03%
WELL	A	0.18%	1.41%	0.18%
WMT	A	0.45%	2.67%	0.45%
WY	D	0.03%	0.39%	0.03%
XEL	A	0.24%	0.64%	0.24%
ZBRA	B	0.04%	0.02%	0.02%

INRO Overweight 295 Positions Relative to PWS

Symbol	Grade	Weight
TMUS	B	4.56%
META	D	3.68%
GOOGL	C	3.13%
GOOG	C	2.72%
JPM	A	1.74%
HON	B	1.6%
AXP	A	1.14%
XOM	B	0.95%
BAC	A	0.81%
MMM	D	0.76%
TT	A	0.65%
GS	A	0.64%
WFC	A	0.64%
VMC	B	0.59%
MLM	B	0.57%
LLY	F	0.57%
MS	A	0.55%
SPGI	C	0.55%
UNP	C	0.54%
CVX	A	0.5%
UBER	D	0.49%
ETN	A	0.48%
COF	B	0.48%
URI	B	0.47%
BX	A	0.45%
GWW	B	0.44%
CARR	D	0.42%
SCHW	B	0.41%
FAST	B	0.4%
ABBV	D	0.39%
JCI	C	0.39%
WM	A	0.37%
PWR	A	0.37%
JNJ	D	0.37%
CAT	B	0.35%
CTAS	B	0.34%
C	A	0.34%
ICE	C	0.33%
KKR	A	0.31%
GEV	B	0.31%
CME	A	0.3%
ADP	B	0.29%
DFS	B	0.29%
MCO	B	0.28%
CSX	B	0.25%
Z	A	0.25%
MRK	F	0.24%
EMR	A	0.24%
COP	C	0.24%
TMO	F	0.24%
PGR	A	0.23%
NSC	B	0.22%
WCN	A	0.21%
PNC	B	0.21%
CPRT	A	0.21%
DE	A	0.2%
USB	A	0.2%
AMGN	D	0.2%
RSG	A	0.2%
COIN	C	0.2%
EME	C	0.19%
AMP	A	0.19%
DHR	F	0.19%
SYF	B	0.18%
TFC	A	0.17%
CB	C	0.17%
PH	A	0.17%
ODFL	B	0.16%
WSO	A	0.16%
MMC	B	0.16%
MSCI	C	0.16%
VRT	B	0.16%
MRVL	B	0.16%
EOG	A	0.15%
AME	A	0.15%
VRTX	F	0.15%
BLDR	D	0.15%
ITW	B	0.15%
NDAQ	A	0.14%
PFE	D	0.14%
LII	A	0.14%
CSL	C	0.14%
GILD	C	0.14%
WMB	A	0.13%
RJF	A	0.13%
SW	A	0.13%
FCX	D	0.12%
MAS	D	0.12%
OC	A	0.12%
OKE	A	0.12%
ARES	A	0.12%
REGN	F	0.11%
PAYX	C	0.11%
VLTO	D	0.11%
BK	A	0.11%
PCAR	B	0.11%
AON	A	0.11%
NEM	D	0.11%
ACM	A	0.11%
BMY	B	0.11%
APP	B	0.1%
AJG	B	0.1%
CMI	A	0.1%
PKG	A	0.1%
KMI	A	0.1%
PSX	C	0.1%
MPC	D	0.1%
ROK	B	0.1%
MSTR	C	0.1%
NTRS	A	0.1%
IP	B	0.09%
AIG	B	0.09%
LNG	B	0.09%
MTB	A	0.09%
AFL	B	0.09%
TRV	B	0.09%
VRSK	A	0.09%
SLB	C	0.09%
BR	A	0.08%
TRGP	B	0.08%
EFX	F	0.08%
ZTS	D	0.08%
OTIS	C	0.08%
HUBB	B	0.08%
LPLA	A	0.08%
MET	A	0.08%
IR	B	0.08%
FDS	B	0.08%
GE	D	0.08%
ALL	A	0.08%
FITB	A	0.08%
VLO	C	0.08%
ALLE	D	0.08%
WDAY	B	0.08%
BALL	D	0.08%
BKR	B	0.07%
HBAN	A	0.07%
WAB	B	0.07%
RF	A	0.07%
MELI	D	0.07%
PRU	A	0.07%
AMCR	D	0.07%
HES	B	0.07%
AVY	D	0.07%
CFG	B	0.06%
JBHT	C	0.06%
DDOG	A	0.06%
XYL	D	0.06%
HOOD	B	0.06%
AOS	F	0.06%
OXY	D	0.06%
TEAM	A	0.06%
FANG	D	0.06%
BRK.A	B	0.06%
ROL	B	0.06%
FBIN	D	0.06%
RTX	C	0.06%
TW	A	0.06%
IQV	D	0.05%
WTW	B	0.05%
LMT	D	0.05%
A	D	0.05%
HUBS	A	0.05%
LDOS	C	0.05%
CG	A	0.05%
CCK	C	0.05%
FTV	C	0.05%
TROW	B	0.05%
BURL	A	0.05%
TPL	A	0.05%
WSM	B	0.05%
FCNCA	A	0.05%
PINS	D	0.05%
HIG	B	0.05%
KEY	B	0.05%
DOV	A	0.05%
ACGL	D	0.05%
STT	A	0.05%
PNR	A	0.04%
SNA	A	0.04%
UPS	C	0.04%
ALNY	D	0.04%
BRO	B	0.04%
CINF	A	0.04%
J	F	0.04%
MKL	A	0.04%
MKTX	D	0.04%
HAL	C	0.04%
MA	C	0.04%
CBOE	B	0.04%
DVN	F	0.04%
EQT	B	0.04%
PFG	D	0.04%
BA	F	0.04%
BAH	F	0.04%
V	A	0.04%
TRU	D	0.04%
SWK	D	0.03%
MANH	D	0.03%
MRO	B	0.03%
DT	C	0.03%
EG	C	0.03%
WAT	B	0.03%
PSTG	D	0.03%
ZS	C	0.03%
PAYC	B	0.03%
DAY	B	0.03%
ILMN	D	0.03%
NDSN	B	0.03%
GD	F	0.03%
CTRA	B	0.03%
WST	C	0.03%
WRB	A	0.03%
NOC	D	0.03%
L	A	0.03%
BIIB	F	0.03%
TDG	D	0.03%
GGG	B	0.03%
ENTG	D	0.03%
LIN	D	0.03%
SNAP	C	0.03%
DAL	C	0.03%
ZM	B	0.03%
IEX	B	0.03%
SSNC	B	0.03%
BEN	C	0.03%
DKS	C	0.03%
MTD	D	0.03%
KNX	B	0.03%
INCY	C	0.02%
BMRN	D	0.02%
NBIX	C	0.02%
LUV	C	0.02%
MRNA	F	0.02%
TTC	D	0.02%
DINO	D	0.02%
SEIC	B	0.02%
ERIE	D	0.02%
AXON	A	0.02%
AVTR	F	0.02%
AIZ	A	0.02%
ALLY	C	0.02%
HWM	A	0.02%
AFG	A	0.02%
RVTY	F	0.02%
UHAL	D	0.02%
IOT	A	0.02%
UTHR	C	0.02%
BBWI	D	0.02%
CNH	C	0.02%
LHX	C	0.02%
MTCH	D	0.02%
OVV	B	0.02%
FDX	B	0.02%
DOCU	A	0.02%
GLPI	C	0.02%
CTVA	C	0.01%
FIS	C	0.01%
APD	A	0.01%
SUI	D	0.01%
DOW	F	0.01%
ACI	C	0.01%
SHW	A	0.01%
STLD	B	0.01%
TXT	D	0.01%
MDB	C	0.01%
RS	B	0.01%
HEI	B	0.01%
RPRX	D	0.01%
PYPL	B	0.01%
VTRS	A	0.01%
TWLO	A	0.01%
BIO	D	0.01%
NET	B	0.01%
APO	B	0.01%
CTLT	B	0.01%
DD	D	0.01%
UNH	C	0.01%
APA	D	0.01%
RIVN	F	0.01%
EXAS	D	0.01%
NUE	C	0.01%
SNOW	C	0.01%
CRL	C	0.01%
FI	A	0.01%
TECH	D	0.01%
CHRD	D	0.01%
BSY	D	0.01%
LYB	F	0.0%
HII	D	0.0%
ECL	D	0.0%
CHRW	C	0.0%
FNF	B	0.0%
HEI	B	0.0%
EXPD	D	0.0%

INRO Underweight 83 Positions Relative to PWS

Symbol	Grade	Weight
PG	A	-2.84%
PLD	D	-1.88%
KO	D	-1.72%
PEP	F	-1.54%
SPG	B	-0.98%
SRE	A	-0.96%
O	D	-0.88%
MCD	D	-0.84%
D	C	-0.79%
PEG	A	-0.74%
BKNG	A	-0.68%
MDLZ	F	-0.61%
ED	D	-0.55%
CL	D	-0.54%
WEC	A	-0.51%
SBUX	A	-0.45%
AWK	D	-0.44%
DTE	C	-0.41%
AEE	A	-0.4%
NKE	D	-0.35%
CNP	B	-0.33%
CMS	C	-0.33%
KVUE	A	-0.32%
CMG	B	-0.32%
KMB	D	-0.32%
KIM	A	-0.3%
CSCO	B	-0.28%
NI	A	-0.27%
KDP	D	-0.26%
MAR	B	-0.26%
STZ	D	-0.26%
MNST	C	-0.26%
GIS	D	-0.25%
ABNB	C	-0.24%
HLT	A	-0.24%
UDR	B	-0.23%
RCL	A	-0.22%
REG	B	-0.21%
HST	C	-0.21%
CHD	B	-0.19%
KHC	F	-0.19%
ADM	D	-0.18%
HSY	F	-0.18%
PNW	B	-0.17%
CLX	B	-0.15%
YUM	B	-0.15%
FRT	B	-0.15%
K	A	-0.15%
MKC	D	-0.14%
LULU	C	-0.14%
TSN	B	-0.13%
ANET	C	-0.12%
DECK	A	-0.11%
EL	F	-0.11%
CCL	B	-0.1%
MSI	B	-0.1%
BG	F	-0.09%
EXPE	B	-0.09%
CAG	D	-0.09%
DRI	B	-0.08%
LW	C	-0.08%
SJM	D	-0.08%
GPC	D	-0.07%
LVS	C	-0.07%
TAP	C	-0.07%
APTV	D	-0.06%
CPB	D	-0.06%
DPZ	C	-0.06%
HRL	D	-0.06%
NCLH	B	-0.05%
TPR	B	-0.05%
POOL	C	-0.05%
LKQ	D	-0.04%
MHK	D	-0.03%
BWA	D	-0.03%
HAS	D	-0.03%
CZR	F	-0.03%
RL	B	-0.03%
WYNN	D	-0.03%
MGM	D	-0.03%
AKAM	D	-0.02%
FFIV	B	-0.02%
JNPR	F	-0.01%