VCLT vs. SZNE ETF Comparison

Comparison of Vanguard Long-Term Corporate Bond ETF (VCLT) to Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE)

VCLT

Vanguard Long-Term Corporate Bond ETF

VCLT Description

The investment seeks to track the performance of a market-weighted corporate bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 10+ Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities greater than 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$75.94

Average Daily Volume

2,149,718

Number of Holdings ^*

341

* may have additional holdings in another (foreign) market

SZNE

Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF

SZNE Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index. The fund invests at least 80% of its total assets (exclusive of collateral held from securities lending) 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 its underlying index. The index uses an objective, rules-based methodology to track the performance of a semi-annual rotation of certain sectors within the S&P 500 Equal Weight Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.37

Average Daily Volume

3,783

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VCLT	SZNE
30 Days	2.36%	0.70%
60 Days	-0.62%	-5.02%
90 Days	-0.87%	-2.37%
12 Months	2.71%	9.35%

58 Overlapping Holdings

Symbol	Grade	Weight in VCLT	Weight in SZNE	Overlap
ABBV	F	0.03%	0.74%	0.03%
ABT	F	0.03%	0.71%	0.03%
ADM	F	0.01%	1.45%	0.01%
AMGN	C	0.01%	0.93%	0.01%
BAX	F	0.02%	0.64%	0.02%
BDX	F	0.01%	0.8%	0.01%
BIIB	D	0.05%	0.83%	0.05%
BMY	F	0.03%	0.63%	0.03%
BSX	A	0.01%	0.93%	0.01%
CAG	C	0.05%	1.38%	0.05%
CAH	F	0.01%	0.72%	0.01%
CHD	C	0.02%	1.33%	0.02%
CI	D	0.02%	0.81%	0.02%
CL	B	0.02%	1.37%	0.02%
COST	A	0.06%	1.5%	0.06%
CPB	C	0.02%	1.37%	0.02%
CVS	F	0.01%	0.63%	0.01%
DG	D	0.03%	1.08%	0.03%
DHR	B	0.02%	0.84%	0.02%
EL	F	0.01%	1.08%	0.01%
GILD	F	0.02%	0.72%	0.02%
GIS	D	0.01%	1.36%	0.01%
HCA	C	0.06%	0.87%	0.06%
HRL	C	0.02%	1.2%	0.02%
HSY	C	0.01%	1.31%	0.01%
HUM	D	0.01%	0.86%	0.01%
JNJ	F	0.02%	0.77%	0.02%
K	C	0.02%	1.45%	0.02%
KDP	B	0.01%	1.55%	0.01%
KMB	C	0.01%	1.37%	0.01%
KO	B	0.01%	1.38%	0.01%
KR	D	0.01%	1.23%	0.01%
LLY	A	0.01%	0.91%	0.01%
MDLZ	D	0.03%	1.25%	0.03%
MDT	C	0.08%	0.8%	0.08%
MKC	D	0.02%	1.37%	0.02%
MO	B	0.01%	1.44%	0.01%
MRK	C	0.01%	0.85%	0.01%
PEP	C	0.02%	1.38%	0.02%
PFE	D	0.02%	0.87%	0.02%
PG	B	0.01%	1.35%	0.01%
PM	A	0.02%	1.42%	0.02%
REGN	B	0.02%	0.85%	0.02%
SJM	F	0.01%	1.2%	0.01%
STE	C	0.03%	0.8%	0.03%
STZ	F	0.02%	1.27%	0.02%
SYK	D	0.02%	0.8%	0.02%
SYY	F	0.01%	1.18%	0.01%
TAP	F	0.05%	1.1%	0.05%
TGT	D	0.02%	1.17%	0.02%
TMO	C	0.01%	0.79%	0.01%
TSN	C	0.02%	1.4%	0.02%
UNH	C	0.01%	0.85%	0.01%
VTRS	F	0.03%	0.72%	0.03%
WBA	F	0.04%	0.97%	0.04%
WMT	A	0.02%	1.43%	0.02%
ZBH	F	0.02%	0.76%	0.02%
ZTS	C	0.01%	0.78%	0.01%

VCLT Overweight 283 Positions Relative to SZNE

Symbol	Grade	Weight
WIT	D	0.21%
DELL	B	0.11%
EQH	B	0.09%
FITB	C	0.07%
WY	F	0.07%
FOXA	B	0.07%
DD	A	0.07%
CSCO	F	0.07%
AXP	B	0.06%
HPQ	A	0.06%
CARR	B	0.06%
SCCO	C	0.05%
CRM	D	0.05%
MS	B	0.05%
AMZN	C	0.05%
L	D	0.04%
LIN	D	0.04%
NXPI	A	0.04%
DT	D	0.04%
BHF	F	0.04%
TJX	B	0.04%
GPN	F	0.04%
JNPR	D	0.04%
NEM	C	0.04%
HPE	B	0.04%
GOOGL	A	0.04%
BHP	C	0.04%
AVGO	B	0.04%
ORCL	B	0.04%
AAPL	B	0.04%
ORI	B	0.03%
FTV	F	0.03%
FANG	D	0.03%
CFG	C	0.03%
AAL	D	0.03%
WU	D	0.03%
WRK	A	0.03%
WM	D	0.03%
NOV	F	0.03%
MLM	D	0.03%
OHI	B	0.03%
LH	F	0.03%
LEA	F	0.03%
CPT	C	0.03%
PKG	C	0.03%
PYPL	D	0.03%
RPM	C	0.03%
SPGI	C	0.03%
CME	D	0.03%
CF	D	0.03%
RPRX	F	0.03%
APD	B	0.03%
AMT	C	0.03%
AMAT	A	0.03%
EBAY	B	0.03%
DVN	D	0.03%
MAR	D	0.03%
ITW	F	0.03%
CB	C	0.03%
VLO	D	0.03%
RJF	C	0.03%
NVDA	A	0.03%
MUFG	C	0.03%
PSX	D	0.03%
MPLX	D	0.03%
ALLY	C	0.03%
INTC	F	0.03%
TMUS	A	0.03%
CHTR	D	0.03%
WPC	D	0.02%
PWR	B	0.02%
PECO	F	0.02%
SCHW	C	0.02%
STLD	D	0.02%
FE	C	0.02%
FMC	C	0.02%
CMI	D	0.02%
CINF	D	0.02%
OGS	F	0.02%
LHX	B	0.02%
O	D	0.02%
IVZ	C	0.02%
HOG	D	0.02%
SBRA	B	0.02%
TEL	A	0.02%
AFG	C	0.02%
VMI	C	0.02%
XYL	B	0.02%
WTRG	C	0.02%
WHR	F	0.02%
AJG	B	0.02%
AVY	B	0.02%
KSS	B	0.02%
NWE	C	0.02%
MSI	B	0.02%
TCN	A	0.02%
PAA	D	0.02%
LRCX	B	0.02%
GWW	D	0.02%
KLAC	A	0.02%
EMN	A	0.02%
ADI	B	0.02%
ROK	F	0.02%
PH	D	0.02%
MOS	D	0.02%
NDAQ	C	0.02%
LNC	B	0.02%
FIS	C	0.02%
VRSK	B	0.02%
EG	C	0.02%
ES	D	0.02%
OTIS	C	0.02%
MCO	B	0.02%
AFL	A	0.02%
CCI	D	0.02%
CP	F	0.02%
NI	C	0.02%
TXN	B	0.02%
SWK	F	0.02%
DE	F	0.02%
HES	D	0.02%
CVX	B	0.02%
DOW	B	0.02%
UPS	F	0.02%
ECL	B	0.02%
MPC	D	0.02%
HAL	F	0.02%
EPD	C	0.02%
ICE	C	0.02%
MA	D	0.02%
NOC	D	0.02%
MET	C	0.02%
QCOM	B	0.02%
IBM	D	0.02%
COP	D	0.02%
RTX	A	0.02%
XOM	D	0.02%
AZN	B	0.02%
HSBC	B	0.02%
VOD	B	0.02%
GSK	B	0.02%
V	C	0.02%
BAC	A	0.02%
GE	A	0.02%
HIW	C	0.01%
FRT	D	0.01%
AGO	D	0.01%
AMH	C	0.01%
EXR	C	0.01%
BXP	D	0.01%
BWA	C	0.01%
AVA	C	0.01%
APTV	C	0.01%
DRI	F	0.01%
ALB	D	0.01%
INGR	C	0.01%
IDA	C	0.01%
EMR	B	0.01%
MAA	C	0.01%
LXP	F	0.01%
OPI	D	0.01%
JD	C	0.01%
SIGI	F	0.01%
EA	B	0.01%
DOC	C	0.01%
ADC	C	0.01%
BEN	F	0.01%
CACC	F	0.01%
FNF	C	0.01%
AES	B	0.01%
PHM	C	0.01%
PFG	C	0.01%
PEG	A	0.01%
VTR	C	0.01%
OGE	C	0.01%
ESS	C	0.01%
MAS	D	0.01%
RF	D	0.01%
REG	D	0.01%
EE	C	0.01%
BKH	C	0.01%
SWX	B	0.01%
VOYA	A	0.01%
SNA	F	0.01%
DOV	B	0.01%
KRC	F	0.01%
EQIX	C	0.01%
MDC	A	0.01%
KIM	D	0.01%
UDR	C	0.01%
TT	B	0.01%
UAL	C	0.01%
MKL	B	0.01%
IPG	D	0.01%
KOF	C	0.01%
EOG	D	0.01%
WELL	A	0.01%
WRB	D	0.01%
PNW	C	0.01%
PLD	F	0.01%
RSG	D	0.01%
DTE	B	0.01%
HIG	B	0.01%
JEF	B	0.01%
IFF	C	0.01%
HAS	B	0.01%
EVRG	C	0.01%
ETN	B	0.01%
AWK	C	0.01%
AVB	B	0.01%
UNM	B	0.01%
WEC	D	0.01%
EQR	C	0.01%
ATO	F	0.01%
AEP	C	0.01%
AEE	D	0.01%
AON	F	0.01%
SRE	B	0.01%
PGR	D	0.01%
VMC	D	0.01%
NNN	C	0.01%
NEE	A	0.01%
NUE	F	0.01%
EXC	D	0.01%
CNP	B	0.01%
CMS	B	0.01%
LNT	C	0.01%
OC	B	0.01%
ACGL	A	0.01%
XEL	D	0.01%
SPG	C	0.01%
WLK	A	0.01%
PPL	B	0.01%
GLW	B	0.01%
JCI	B	0.01%
ALL	D	0.01%
TRV	D	0.01%
MMC	B	0.01%
HON	B	0.01%
JBLU	F	0.01%
FDX	F	0.01%
D	B	0.01%
CSX	D	0.01%
EIX	B	0.01%
ED	C	0.01%
ETR	C	0.01%
ARE	C	0.01%
PRU	B	0.01%
SBUX	D	0.01%
IP	B	0.01%
KMI	B	0.01%
GD	A	0.01%
WMB	B	0.01%
SHW	D	0.01%
LYB	D	0.01%
OKE	B	0.01%
DUK	B	0.01%
MRO	D	0.01%
NSC	F	0.01%
LOW	F	0.01%
GM	C	0.01%
CAT	D	0.01%
AIG	B	0.01%
LMT	B	0.01%
ET	C	0.01%
SO	B	0.01%
MMM	C	0.01%
NKE	F	0.01%
MCD	F	0.01%
UNP	F	0.01%
DIS	D	0.01%
BABA	C	0.01%
C	B	0.01%
PCG	B	0.01%
JPM	B	0.01%
HD	F	0.01%
CMCSA	F	0.01%
VZ	D	0.01%
WFC	C	0.01%
BA	D	0.01%
MSFT	A	0.01%
T	B	0.01%
GS	B	0.01%

VCLT Underweight 39 Positions Relative to SZNE

Symbol	Grade	Weight
BG	B	-1.52%
KHC	D	-1.32%
KVUE	D	-1.26%
MRNA	B	-1.24%
MNST	F	-1.15%
LW	D	-1.13%
CLX	F	-1.1%
DLTR	F	-1.03%
RMD	C	-0.94%
DVA	A	-0.92%
DGX	C	-0.92%
VRTX	B	-0.91%
MCK	B	-0.9%
UHS	C	-0.89%
MTD	C	-0.89%
ISRG	A	-0.87%
ELV	C	-0.85%
TECH	C	-0.84%
PODD	D	-0.82%
CTLT	D	-0.8%
EW	D	-0.8%
INCY	C	-0.8%
HOLX	D	-0.79%
TFX	D	-0.78%
HSIC	D	-0.78%
WST	F	-0.77%
A	C	-0.75%
IDXX	C	-0.75%
DXCM	D	-0.74%
CNC	D	-0.74%
IQV	D	-0.73%
WAT	C	-0.72%
GEHC	D	-0.71%
ALGN	F	-0.69%
BIO	F	-0.69%
MOH	F	-0.66%
CRL	F	-0.66%
SOLV	F	-0.65%
ILMN	F	-0.63%