PWS vs. EMLP ETF Comparison

Comparison of Pacer WealthShield ETF (PWS) to First Trust North American Energy Infrastructure Fund (EMLP)

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

EMLP

First Trust North American Energy Infrastructure Fund

EMLP Description

The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, Canadian income trusts and their successor companies, pipeline companies, utilities, and other companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$37.78

Average Daily Volume

162,141

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PWS	EMLP
30 Days	4.72%	9.99%
60 Days	-1.94%	12.10%
90 Days	1.22%	16.42%
12 Months	21.11%	42.23%

23 Overlapping Holdings

Symbol	Grade	Weight in PWS	Weight in EMLP	Overlap
AEE	A	0.4%	0.28%	0.28%
AEP	D	0.81%	2.27%	0.81%
AES	F	0.16%	1.46%	0.16%
ATO	A	0.37%	1.61%	0.37%
AWK	D	0.42%	0.05%	0.05%
CEG	D	1.15%	0.26%	0.26%
CMS	C	0.33%	0.97%	0.33%
CNP	B	0.32%	0.81%	0.32%
D	C	0.77%	0.76%	0.76%
DTE	C	0.4%	1.22%	0.4%
DUK	C	1.4%	0.69%	0.69%
ETR	B	0.51%	1.28%	0.51%
EVRG	A	0.24%	0.82%	0.24%
EXC	C	0.62%	0.09%	0.09%
LNT	A	0.25%	1.43%	0.25%
NEE	D	2.48%	0.46%	0.46%
PEG	A	0.71%	2.29%	0.71%
PPL	B	0.4%	2.43%	0.4%
SO	D	1.56%	0.45%	0.45%
SRE	A	0.95%	4.15%	0.95%
VST	B	0.8%	1.34%	0.8%
WEC	A	0.5%	1.01%	0.5%
XEL	A	0.63%	1.15%	0.63%

PWS Overweight 194 Positions Relative to EMLP

Symbol	Grade	Weight
AMZN	C	7.98%
NVDA	C	4.41%
AAPL	C	4.19%
MSFT	F	3.87%
TSLA	B	3.66%
COST	B	2.91%
PG	A	2.76%
WMT	A	2.61%
PLD	D	1.91%
KO	D	1.72%
HD	A	1.63%
AMT	D	1.61%
PEP	F	1.59%
EQIX	A	1.51%
WELL	A	1.38%
PM	B	1.37%
AVGO	D	0.99%
DLR	B	0.97%
SPG	B	0.97%
PSA	D	0.93%
O	D	0.88%
MCD	D	0.85%
CCI	D	0.79%
PCG	A	0.74%
CBRE	B	0.72%
MO	A	0.67%
BKNG	A	0.67%
LOW	D	0.62%
MDLZ	F	0.62%
EXR	D	0.61%
IRM	D	0.6%
AVB	B	0.59%
VICI	C	0.58%
TJX	A	0.55%
CSGP	D	0.55%
ED	D	0.54%
EIX	B	0.52%
CL	D	0.52%
TGT	F	0.5%
VTR	C	0.47%
EQR	B	0.45%
SBUX	A	0.45%
SBAC	D	0.41%
WY	D	0.4%
CRM	B	0.4%
NKE	D	0.37%
ORCL	B	0.37%
ESS	B	0.35%
ES	D	0.35%
INVH	D	0.34%
FE	C	0.34%
MAA	B	0.33%
CMG	B	0.32%
NRG	B	0.31%
KVUE	A	0.31%
KMB	D	0.31%
ARE	D	0.3%
ADBE	C	0.29%
CSCO	B	0.29%
ORLY	B	0.29%
KIM	A	0.29%
AMD	F	0.28%
KR	B	0.28%
MNST	C	0.28%
ACN	C	0.28%
MAR	B	0.27%
NOW	A	0.27%
DOC	D	0.27%
KDP	D	0.27%
GM	B	0.26%
NI	A	0.26%
SYY	B	0.26%
STZ	D	0.26%
HLT	A	0.25%
GIS	D	0.25%
IBM	C	0.24%
UDR	B	0.24%
INTU	C	0.24%
TXN	C	0.23%
CPT	B	0.23%
ABNB	C	0.23%
QCOM	F	0.22%
RCL	A	0.22%
AZO	C	0.22%
HST	C	0.22%
REG	B	0.21%
KHC	F	0.2%
BXP	D	0.2%
ROST	C	0.19%
DHI	D	0.19%
HSY	F	0.19%
CHD	B	0.18%
AMAT	F	0.18%
PNW	B	0.17%
F	C	0.17%
ADM	D	0.17%
PANW	C	0.16%
LEN	D	0.16%
PLTR	B	0.15%
LULU	C	0.15%
FRT	B	0.15%
YUM	B	0.15%
K	A	0.15%
CLX	B	0.14%
TSN	B	0.13%
ADI	D	0.13%
INTC	D	0.13%
GRMN	B	0.13%
MKC	D	0.13%
MU	D	0.13%
LRCX	F	0.12%
DG	F	0.12%
TSCO	D	0.12%
EBAY	D	0.12%
ANET	C	0.12%
APH	A	0.11%
KLAC	D	0.11%
DECK	A	0.11%
CRWD	B	0.1%
CCL	B	0.1%
MSI	B	0.1%
CDNS	B	0.1%
EL	F	0.1%
SNPS	B	0.1%
PHM	D	0.1%
BG	F	0.09%
EXPE	B	0.09%
NVR	D	0.09%
DLTR	F	0.09%
CAG	D	0.09%
FTNT	C	0.08%
TAP	C	0.08%
DRI	B	0.08%
LW	C	0.08%
SJM	D	0.08%
ADSK	A	0.08%
GPC	D	0.07%
NXPI	D	0.07%
LVS	C	0.07%
FICO	B	0.07%
BBY	D	0.07%
ULTA	F	0.07%
ROP	B	0.07%
APTV	D	0.06%
CPB	D	0.06%
DPZ	C	0.06%
HRL	D	0.06%
WBA	F	0.05%
TPR	B	0.05%
DELL	C	0.05%
NCLH	B	0.05%
KMX	B	0.05%
CTSH	B	0.05%
IT	C	0.05%
POOL	C	0.05%
ON	D	0.04%
MPWR	F	0.04%
ANSS	B	0.04%
LKQ	D	0.04%
MCHP	D	0.04%
HPQ	B	0.04%
GLW	B	0.04%
ZBRA	B	0.03%
TDY	B	0.03%
PTC	A	0.03%
MHK	D	0.03%
NTAP	C	0.03%
CDW	F	0.03%
TYL	B	0.03%
BWA	D	0.03%
WYNN	D	0.03%
GDDY	A	0.03%
HAS	D	0.03%
RL	B	0.03%
CZR	F	0.03%
KEYS	A	0.03%
HPE	B	0.03%
MGM	D	0.03%
JNPR	F	0.02%
SWKS	F	0.02%
AKAM	D	0.02%
FFIV	B	0.02%
EPAM	C	0.02%
JBL	B	0.02%
VRSN	F	0.02%
GEN	B	0.02%
TER	D	0.02%
TRMB	B	0.02%
FSLR	F	0.02%
STX	D	0.02%
WDC	D	0.02%
QRVO	F	0.01%
ENPH	F	0.01%
SMCI	F	0.01%

PWS Underweight 28 Positions Relative to EMLP

Symbol	Grade	Weight
EPD	A	-8.77%
ET	A	-7.17%
OKE	A	-5.41%
KMI	A	-4.87%
DTM	B	-4.56%
PAGP	A	-4.53%
MPLX	A	-3.98%
TRGP	B	-3.47%
NFG	A	-2.89%
WMB	A	-2.46%
PWR	A	-2.24%
LNG	B	-1.6%
SUN	B	-1.24%
FLR	B	-1.14%
CQP	B	-1.05%
OGS	A	-1.02%
WLKP	A	-0.76%
HESM	B	-0.62%
NEP	F	-0.58%
AROC	B	-0.57%
IDA	A	-0.52%
CWEN	C	-0.52%
WTRG	B	-0.51%
NJR	A	-0.44%
CPK	A	-0.24%
USAC	B	-0.11%
UGI	A	-0.08%
ENLC	A	-0.0%