PALC vs. QDEF ETF Comparison

Comparison of Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

PALC

Pacer Lunt Large Cap Multi-Factor Alternator ETF

PALC Description

The investment seeks to track the total return performance, before fees and expenses, of the Lunt Capital U.S. Large Cap Multi-Factor Rotation 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 its underlying index or in one or more ETFs that track the performance of all or a portion of such component securities in the same approximate proportion as in the fund’s underlying index. The index uses an objective, rules-based methodology to provide exposure to large-capitalization U.S. companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$49.43

Average Daily Volume

40,428

Number of Holdings ^*

173

* may have additional holdings in another (foreign) market

QDEF

FlexShares Quality Dividend Defensive Index Fund

QDEF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend Defensive IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility that is lower than that of the Northern Trust 1250 IndexSM. It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$71.15

Average Daily Volume

6,181

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

Performance

Period	PALC	QDEF
30 Days	2.23%	2.33%
60 Days	3.64%	6.28%
90 Days	1.83%	9.04%
12 Months	34.92%	33.91%

49 Overlapping Holdings

Symbol	Grade	Weight in PALC	Weight in QDEF	Overlap
AAPL	C	2.19%	6.16%	2.19%
ABBV	B	0.5%	3.01%	0.5%
ADP	C	1.38%	1.05%	1.05%
AFL	A	0.53%	0.6%	0.53%
AVB	C	0.53%	0.18%	0.18%
AVGO	C	2.28%	0.88%	0.88%
AVY	C	0.55%	0.52%	0.52%
BK	B	0.6%	0.63%	0.6%
CME	B	0.58%	0.69%	0.58%
COST	C	2.42%	0.23%	0.23%
CSCO	B	1.59%	0.55%	0.55%
DUK	B	0.56%	0.81%	0.56%
EA	D	0.62%	0.52%	0.52%
EBAY	B	0.15%	0.41%	0.15%
ED	B	0.53%	0.53%	0.53%
EVRG	B	0.49%	0.4%	0.4%
EXPD	B	0.1%	0.45%	0.1%
FAST	C	0.23%	0.51%	0.23%
GIS	B	0.52%	0.53%	0.52%
INTU	D	0.76%	1.22%	0.76%
ITW	B	1.1%	0.71%	0.71%
JNJ	C	3.03%	3.22%	3.03%
JPM	D	0.54%	0.64%	0.54%
K	A	0.12%	0.53%	0.12%
KLAC	D	0.55%	0.96%	0.55%
KMB	C	0.77%	0.55%	0.55%
KO	B	0.74%	0.75%	0.74%
LMT	A	1.33%	1.11%	1.11%
MA	B	2.99%	0.22%	0.22%
MCK	F	0.42%	0.6%	0.42%
MET	B	0.57%	0.52%	0.52%
MO	C	0.5%	0.79%	0.5%
MSFT	C	2.06%	5.17%	2.06%
MSI	B	0.57%	0.67%	0.57%
OTIS	B	0.53%	0.5%	0.5%
PAYX	C	0.79%	0.58%	0.58%
PEG	B	0.53%	0.25%	0.25%
PG	C	2.5%	2.94%	2.5%
PM	C	0.58%	1.56%	0.58%
PPL	A	0.54%	0.53%	0.53%
QCOM	D	1.02%	1.77%	1.02%
SWKS	F	0.07%	0.47%	0.07%
TJX	C	1.31%	0.99%	0.99%
TMUS	B	0.69%	0.97%	0.69%
V	C	2.96%	0.35%	0.35%
VRSK	D	0.19%	0.54%	0.19%
WEC	B	0.51%	0.28%	0.28%
WMT	B	0.63%	0.11%	0.11%
ZTS	B	0.38%	0.12%	0.12%

PALC Overweight 124 Positions Relative to QDEF

Symbol	Grade	Weight
PEP	D	1.65%
NFLX	B	1.59%
ADBE	F	1.25%
MDLZ	C	1.04%
GE	C	0.95%
AMP	B	0.89%
CTAS	C	0.85%
CAT	B	0.84%
BRK.A	C	0.79%
AMAT	D	0.77%
PGR	C	0.74%
MMC	C	0.66%
RSG	D	0.66%
L	D	0.66%
SYY	C	0.64%
CL	C	0.64%
LIN	B	0.62%
OMC	B	0.62%
ATO	B	0.6%
ROP	C	0.6%
LYB	D	0.6%
MCD	B	0.6%
BR	C	0.6%
HOLX	D	0.59%
HON	C	0.59%
ICE	C	0.59%
CB	B	0.59%
UNP	D	0.57%
HIG	B	0.57%
KMI	C	0.57%
GD	C	0.56%
PRU	C	0.56%
REGN	D	0.56%
SPGI	C	0.56%
OKE	C	0.56%
IEX	C	0.55%
YUM	B	0.55%
WMB	C	0.55%
AME	C	0.55%
ETR	A	0.54%
PFG	B	0.54%
KDP	B	0.54%
WELL	C	0.53%
DRI	C	0.53%
CMS	B	0.53%
CHD	C	0.53%
AIG	D	0.53%
LNT	A	0.53%
AJG	D	0.53%
SO	B	0.53%
PKG	B	0.53%
MDT	B	0.52%
STZ	C	0.52%
VRSN	C	0.52%
CSX	C	0.52%
NKE	D	0.52%
SRE	B	0.52%
ECL	B	0.51%
PPG	C	0.51%
BRO	C	0.51%
HLT	B	0.51%
ABT	C	0.51%
WM	D	0.51%
FE	B	0.51%
DGX	B	0.5%
ELV	D	0.49%
CBOE	C	0.49%
PANW	D	0.48%
LRCX	D	0.48%
DOW	C	0.47%
SHW	B	0.45%
MCO	C	0.34%
ADSK	B	0.34%
EMR	D	0.32%
MPC	F	0.28%
IT	C	0.27%
MCHP	D	0.23%
GWW	B	0.23%
IDXX	D	0.22%
ROST	C	0.22%
ACGL	B	0.21%
TEL	D	0.21%
CNC	D	0.21%
LEN	B	0.21%
CMI	B	0.21%
KVUE	B	0.2%
GEHC	B	0.19%
VLO	F	0.19%
A	C	0.18%
MLM	D	0.18%
MNST	D	0.17%
CTSH	B	0.16%
ROK	D	0.16%
VMC	C	0.15%
NVR	B	0.15%
CDW	D	0.14%
LULU	D	0.14%
DD	B	0.14%
HSY	D	0.13%
BALL	C	0.13%
ADM	D	0.13%
BLDR	C	0.12%
DECK	C	0.12%
VLTO	B	0.12%
TROW	C	0.11%
CLX	C	0.11%
BAX	C	0.11%
KEYS	B	0.11%
CINF	C	0.1%
STE	B	0.1%
ULTA	D	0.1%
POOL	C	0.09%
EG	B	0.08%
JBL	C	0.07%
CHRW	B	0.06%
JKHY	B	0.06%
FFIV	B	0.06%
APA	F	0.05%
AOS	B	0.05%
PAYC	D	0.04%
MKTX	D	0.04%
BWA	C	0.04%
SOLV	D	0.04%
RL	B	0.03%

PALC Underweight 72 Positions Relative to QDEF

Symbol	Grade	Weight
NVDA	C	-4.88%
HD	B	-2.99%
MRK	F	-2.72%
META	B	-2.71%
IBM	B	-1.76%
GOOGL	D	-1.27%
GOOG	D	-1.03%
AMT	C	-0.99%
SBUX	C	-0.97%
GILD	B	-0.95%
CI	C	-0.92%
T	B	-0.75%
VZ	A	-0.7%
MMM	B	-0.68%
PSA	C	-0.65%
D	C	-0.58%
FIS	C	-0.58%
RMD	C	-0.57%
EME	B	-0.56%
ESS	C	-0.56%
EQR	C	-0.56%
MAA	C	-0.56%
UMBF	C	-0.55%
LDOS	A	-0.54%
WTW	B	-0.54%
NSA	C	-0.54%
CPT	C	-0.54%
OHI	C	-0.54%
PNW	C	-0.52%
ORI	B	-0.52%
BPOP	C	-0.52%
CSL	B	-0.52%
UNM	B	-0.52%
AIZ	B	-0.52%
CSWI	B	-0.51%
CFR	C	-0.51%
NEP	C	-0.51%
WDFC	C	-0.51%
VIRT	C	-0.51%
DOX	C	-0.5%
BWXT	A	-0.5%
IRDM	C	-0.5%
IPG	C	-0.5%
RDN	D	-0.5%
LSTR	D	-0.49%
HRB	C	-0.49%
WU	C	-0.48%
XOM	D	-0.48%
STNG	D	-0.47%
WSM	C	-0.47%
LOW	B	-0.46%
CUBE	C	-0.46%
OGE	B	-0.46%
OMF	D	-0.46%
SAIC	C	-0.44%
EXC	B	-0.41%
DELL	C	-0.41%
CHE	C	-0.41%
BSY	C	-0.4%
DPZ	D	-0.39%
BMY	C	-0.38%
MSM	D	-0.37%
VRT	C	-0.35%
STWD	B	-0.35%
MAS	B	-0.25%
NNN	B	-0.24%
SCCO	C	-0.17%
CAH	C	-0.16%
BAH	B	-0.12%
ROL	C	-0.12%
DDS	D	-0.1%
BAC	D	-0.02%