USMV vs. PALC ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC)

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.46

Average Daily Volume

1,630,912

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

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

$52.39

Average Daily Volume

19,012

Number of Holdings ^*

181

* may have additional holdings in another (foreign) market

Performance

Period	USMV	PALC
30 Days	1.70%	4.42%
60 Days	2.42%	6.04%
90 Days	4.02%	8.35%
12 Months	25.63%	36.24%

72 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in PALC	Overlap
ABBV	D	1.04%	0.38%	0.38%
ABT	B	0.09%	0.45%	0.09%
ADP	B	0.09%	0.52%	0.09%
AJG	B	1.27%	0.47%	0.47%
AKAM	D	0.39%	0.09%	0.09%
AMGN	D	0.59%	1.64%	0.59%
AON	A	0.53%	1.03%	0.53%
ATO	A	0.06%	0.55%	0.06%
AZO	C	0.98%	0.55%	0.55%
BR	A	0.05%	0.46%	0.05%
BRK.A	B	1.55%	0.69%	0.69%
CB	C	1.47%	0.51%	0.51%
CBOE	B	0.85%	0.4%	0.4%
CHD	B	0.4%	0.48%	0.4%
CL	D	0.41%	0.49%	0.41%
CME	A	0.53%	0.51%	0.51%
CMS	C	0.19%	0.55%	0.19%
COR	B	0.67%	0.49%	0.49%
CSCO	B	1.47%	0.55%	0.55%
DGX	A	0.11%	0.44%	0.11%
DPZ	C	0.19%	0.14%	0.14%
DUK	C	1.49%	0.47%	0.47%
EA	A	0.89%	0.49%	0.49%
ED	D	1.13%	0.42%	0.42%
ELV	F	0.52%	0.32%	0.32%
FI	A	0.69%	0.64%	0.64%
FICO	B	0.59%	0.57%	0.57%
GD	F	0.05%	0.46%	0.05%
GIS	D	0.66%	0.39%	0.39%
HIG	B	0.12%	0.5%	0.12%
HOLX	D	0.16%	0.41%	0.16%
HON	B	0.25%	0.58%	0.25%
ICE	C	0.28%	0.5%	0.28%
JNJ	D	1.18%	0.49%	0.49%
KDP	D	0.59%	0.42%	0.42%
KMB	D	0.21%	0.42%	0.21%
KO	D	0.1%	0.56%	0.1%
L	A	0.28%	0.6%	0.28%
LIN	D	0.16%	0.51%	0.16%
LMT	D	0.82%	0.44%	0.44%
LNT	A	0.1%	0.45%	0.1%
MA	C	0.7%	0.58%	0.58%
MCD	D	1.25%	2.85%	1.25%
MCK	B	1.35%	1.17%	1.17%
MDLZ	F	0.44%	0.43%	0.43%
MDT	D	0.13%	0.44%	0.13%
MMC	B	1.11%	0.56%	0.56%
MSI	B	1.81%	0.56%	0.56%
NEM	D	0.46%	0.39%	0.39%
ORCL	B	1.31%	2.07%	1.31%
ORLY	B	0.68%	0.69%	0.68%
OTIS	C	0.07%	0.87%	0.07%
PEP	F	1.01%	0.45%	0.45%
PFE	D	0.2%	0.9%	0.2%
PG	A	1.23%	0.54%	0.54%
PKG	A	0.2%	0.51%	0.2%
PTC	A	0.52%	0.13%	0.13%
REGN	F	0.59%	0.33%	0.33%
ROP	B	1.3%	0.53%	0.53%
RSG	A	1.55%	0.6%	0.6%
SO	D	1.35%	0.45%	0.45%
STX	D	0.16%	0.13%	0.13%
TJX	A	0.45%	0.55%	0.45%
TMUS	B	1.95%	0.72%	0.72%
V	A	0.9%	0.65%	0.65%
VRSN	F	0.64%	0.63%	0.63%
VRTX	F	0.69%	0.64%	0.64%
WEC	A	0.78%	0.45%	0.45%
WM	A	1.44%	0.49%	0.49%
WMB	A	0.31%	0.59%	0.31%
WMT	A	1.78%	0.59%	0.59%
YUM	B	0.5%	0.89%	0.5%

USMV Overweight 98 Positions Relative to PALC

Symbol	Grade	Weight
PGR	A	1.67%
IBM	C	1.66%
WCN	A	1.56%
APH	A	1.44%
NOC	D	1.43%
TXN	C	1.39%
VZ	C	1.35%
MSFT	F	1.34%
UNH	C	1.34%
ACN	C	1.29%
LLY	F	1.25%
AVGO	D	1.19%
TRV	B	1.15%
MRK	F	1.01%
GDDY	A	1.0%
AAPL	C	0.99%
GILD	C	0.94%
FCNCA	A	0.88%
K	A	0.8%
CTSH	B	0.76%
NOW	A	0.75%
T	A	0.74%
TSN	B	0.71%
ACGL	D	0.68%
NVDA	C	0.67%
KR	B	0.61%
TDY	B	0.57%
BDX	F	0.56%
KEYS	A	0.55%
FANG	D	0.55%
FFIV	B	0.55%
MPC	D	0.54%
INCY	C	0.53%
BMY	B	0.49%
XEL	A	0.46%
UBER	D	0.45%
JNPR	F	0.45%
XOM	B	0.45%
WDAY	B	0.43%
EG	C	0.43%
ERIE	D	0.42%
VRSK	A	0.42%
HUM	C	0.4%
BAH	F	0.39%
CMCSA	B	0.39%
AEP	D	0.39%
KHC	F	0.38%
WTW	B	0.38%
CTVA	C	0.38%
ROL	B	0.36%
IT	C	0.35%
AFG	A	0.35%
GEN	B	0.35%
CDW	F	0.35%
CVX	A	0.34%
MKL	A	0.34%
GRMN	B	0.33%
CPB	D	0.33%
AIZ	A	0.32%
NBIX	C	0.32%
WRB	A	0.31%
GLW	B	0.31%
FWONK	B	0.31%
HSY	F	0.3%
HD	A	0.3%
ANET	C	0.29%
AEE	A	0.24%
HUBS	A	0.24%
ADI	D	0.23%
D	C	0.23%
AZPN	A	0.23%
ALNY	D	0.22%
NTAP	C	0.22%
BMRN	D	0.22%
HRL	D	0.21%
CI	F	0.21%
TW	A	0.2%
DTE	C	0.2%
CRWD	B	0.19%
CDNS	B	0.18%
MELI	D	0.18%
MOH	F	0.18%
SNPS	B	0.18%
EOG	A	0.17%
GOOG	C	0.16%
UTHR	C	0.14%
AMZN	C	0.14%
DELL	C	0.12%
OXY	D	0.12%
RTX	C	0.09%
TEL	B	0.07%
PSX	C	0.06%
FSLR	F	0.06%
KNX	B	0.06%
VLO	C	0.05%
CRM	B	0.05%
ULTA	F	0.04%
CVS	D	0.04%

USMV Underweight 109 Positions Relative to PALC

Symbol	Grade	Weight
TSLA	B	-3.78%
JPM	A	-3.26%
PM	B	-2.49%
BAC	A	-1.98%
GS	A	-1.96%
LOW	D	-1.55%
WFC	A	-1.42%
MO	A	-1.39%
MS	A	-1.36%
BKNG	A	-1.25%
SBUX	A	-1.13%
OKE	A	-1.07%
HLT	A	-1.04%
C	A	-1.01%
NEE	D	-0.92%
BK	A	-0.88%
AMT	D	-0.86%
AME	A	-0.79%
MET	A	-0.77%
TDG	D	-0.76%
BA	F	-0.7%
HCA	F	-0.69%
MSCI	C	-0.65%
MAR	B	-0.65%
AMP	A	-0.62%
KMI	A	-0.61%
FTNT	C	-0.57%
ITW	B	-0.55%
ETR	B	-0.54%
FE	C	-0.54%
IEX	B	-0.53%
PRU	A	-0.5%
PFG	D	-0.49%
PAYX	C	-0.49%
CTAS	B	-0.49%
SRE	A	-0.49%
CSX	B	-0.48%
WELL	A	-0.48%
COST	B	-0.48%
DRI	B	-0.48%
PPL	B	-0.48%
AIG	B	-0.47%
PEG	A	-0.47%
OMC	C	-0.47%
BRO	B	-0.47%
SPGI	C	-0.47%
AVY	D	-0.46%
AFL	B	-0.46%
UNP	C	-0.46%
AVB	B	-0.45%
LH	C	-0.45%
EVRG	A	-0.44%
STZ	D	-0.44%
ECL	D	-0.44%
PPG	F	-0.43%
APD	A	-0.42%
SYY	B	-0.41%
LYB	F	-0.37%
DOW	F	-0.35%
TFC	A	-0.34%
CPRT	A	-0.34%
SPG	B	-0.34%
CCI	D	-0.33%
SBAC	D	-0.31%
LHX	C	-0.31%
HPQ	B	-0.3%
CHTR	C	-0.29%
CAH	B	-0.26%
F	C	-0.26%
RCL	A	-0.25%
TTWO	A	-0.24%
PCG	A	-0.24%
TRGP	B	-0.23%
MTD	D	-0.23%
XYL	D	-0.23%
RMD	C	-0.22%
LYV	A	-0.2%
STT	A	-0.18%
EIX	B	-0.18%
MAS	D	-0.17%
BIIB	F	-0.15%
HUBB	B	-0.15%
WAT	B	-0.15%
UAL	A	-0.15%
VTR	C	-0.14%
TRMB	B	-0.13%
EQT	B	-0.13%
AES	F	-0.12%
ES	D	-0.12%
CCL	B	-0.12%
NDSN	B	-0.11%
KEY	B	-0.11%
NTRS	A	-0.11%
EL	F	-0.1%
WYNN	D	-0.1%
NI	A	-0.09%
MGM	D	-0.08%
BXP	D	-0.08%
MTCH	D	-0.08%
ALB	C	-0.08%
LKQ	D	-0.07%
KMX	B	-0.07%
LW	C	-0.07%
HSIC	B	-0.06%
NCLH	B	-0.06%
TECH	D	-0.06%
CZR	F	-0.05%
CTLT	B	-0.05%
FMC	D	-0.04%