SPAX vs. EAFG ETF Comparison

Comparison of Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) to Pacer Developed Markets Cash Cows Growth Leaders ETF (EAFG)

SPAX

Robinson Alternative Yield Pre-merger SPAC ETF

SPAX Description

The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk. SPAX invests primarily in equity securities, specifically units and shares of common stock and warrants of U.S.-listed SPACs. SPAX expects to invest the majority of its assets in SPACs which are small capitalization companies. The Fund intends to exit any SPAC units, common shares and warrants prior to the completion of a business combination, seeking to minimize downside risk.

Grade (RS Rating)

Last Trade

$20.27

Average Daily Volume

3,060

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EAFG

Pacer Developed Markets Cash Cows Growth Leaders ETF

EAFG Description

EAFG is a passively managed fund that provides exposure to cash cows or companies with above-average free cash flow margins with growth potential. The fund considers large- and mid-cap stocks from developed markets, excluding the US and Canada. From a starting universe of companies from the MSCI EAFE Index, the fund considers stocks with positive projected free cash flows and earnings for the next two years, as determined by the Index Provider. The fund screens out stocks with negative projections, as well as companies from the financial and real estate sectors. However, companies with no available information are retained. Eligible securities are then ranked based on their trailing 12-month free cash flow margin from which the fund finally selects the top 100 companies. The portfolio is weighted based on a securitys price momentum score that is calculated on the reconstitution date. Individual securities are capped at 5%. The index is reconstituted and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$19.25

Average Daily Volume

277

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPAX	EAFG
30 Days	0.41%	-1.18%
60 Days	0.45%	-5.50%
90 Days	1.14%	-6.37%
12 Months	1.77%

0 Overlapping Holdings

	Symbol	Grade	Weight in SPAX	Weight in EAFG	Overlap

SPAX Overweight 16 Positions Relative to EAFG

Symbol	Grade	Weight
AOGO	B	2.97%
CNDA	B	2.87%
FLD	A	2.61%
TGAA	C	2.22%
CFFS	C	1.89%
ONYX	B	1.79%
PRLH	B	1.57%
IVCP	B	1.55%
BLEU	B	1.36%
GHIX	F	1.35%
IMAQ	C	0.56%
PWUP	D	0.43%
PPYA	D	0.28%
MSSA	A	0.19%
BRKH	A	0.12%
VMCA	C	0.03%

SPAX Underweight 10 Positions Relative to EAFG

Symbol	Grade	Weight
WIX	B	-1.55%
MNDY	C	-1.49%
XRX	F	-1.48%
CHKP	D	-1.32%
NVS	D	-1.17%
SONY	B	-1.08%
CYBR	B	-1.03%
LOGI	D	-0.59%
MBAVU	D	-0.21%
EFG	F	-0.16%

SPAX: Top Represented Industries & Keywords

Industries: Shell Companies

Keywords: Mergers And Acquisitions Private Equity Special Purpose Acquisition Company Reverse Takeover Alec Gores Enterprise Software Financial Capital