ALTL vs. HDLB ETF Comparison

Comparison of Pacer Lunt Large Cap Alternator ETF (ALTL) to ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044 (HDLB)

ALTL

Pacer Lunt Large Cap Alternator ETF

ALTL Description

A strategy-driven large cap exchange traded fund (ETF) that seeks to track the investment returns of an index that alternates exposure between low volatility and high beta stocks in the S&P 500 Index.

Grade (RS Rating)

Last Trade

$39.40

Average Daily Volume

32,904

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

HDLB

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044

HDLB Description

The investment seeks to provide two times leveraged long exposure to the compounded monthly performance of the Solactive US High Dividend Low Volatility Index. The index is designed to measure the performance of 40 dividend yielding, relatively lower volatility Index Constituent Securities from the universe of the largest 1,000 U.S. listed stocks by market capitalization, as described herein. The Securities seek to approximate the monthly returns that might be available to investors through a leveraged “long” investment in the index constituent securities.

Grade (RS Rating)

Last Trade

$15.47

Average Daily Volume

2,751

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ALTL	HDLB
30 Days	2.22%	4.78%
60 Days	3.27%	9.79%
90 Days	5.68%	17.43%
12 Months	19.87%	63.28%

14 Overlapping Holdings

Symbol	Grade	Weight in ALTL	Weight in HDLB	Overlap
AEP	D	0.9%	2.58%	0.9%
DUK	C	1.07%	3.27%	1.07%
ED	D	1.0%	1.85%	1.0%
EIX	B	0.95%	1.34%	0.95%
FE	C	1.04%	1.42%	1.04%
MO	A	0.93%	3.18%	0.93%
NI	A	1.04%	0.91%	0.91%
O	D	0.92%	2.51%	0.92%
PM	B	0.95%	3.83%	0.95%
PNW	B	0.9%	0.78%	0.78%
PPL	B	1.09%	1.48%	1.09%
SO	D	1.0%	2.94%	1.0%
SRE	A	1.01%	1.71%	1.01%
VICI	C	0.92%	1.93%	0.92%

ALTL Overweight 86 Positions Relative to HDLB

Symbol	Grade	Weight
KO	D	1.37%
BRK.A	B	1.31%
CL	D	1.23%
PG	A	1.22%
RSG	A	1.22%
ATO	A	1.21%
MMC	B	1.17%
TMUS	B	1.17%
L	A	1.14%
MA	C	1.12%
JNJ	D	1.11%
ADP	B	1.1%
HON	B	1.1%
V	A	1.09%
ITW	B	1.09%
CHD	B	1.07%
YUM	B	1.07%
FI	A	1.07%
MSI	B	1.07%
LIN	D	1.07%
ICE	C	1.06%
KMI	A	1.06%
LNT	A	1.05%
PEP	F	1.04%
CME	A	1.04%
LMT	D	1.04%
EA	A	1.03%
CMS	C	1.03%
TJX	A	1.03%
GD	F	1.03%
PEG	A	1.03%
BSX	B	1.02%
EVRG	A	1.02%
SPGI	C	1.01%
CB	C	1.01%
MDLZ	F	0.99%
WMB	A	0.98%
OKE	A	0.98%
KMB	D	0.98%
COR	B	0.98%
BK	A	0.98%
SYK	C	0.97%
WEC	A	0.97%
ROP	B	0.97%
ABT	B	0.97%
BR	A	0.97%
MCD	D	0.96%
KDP	D	0.96%
WM	A	0.96%
WTW	B	0.95%
HOLX	D	0.95%
RTX	C	0.94%
OTIS	C	0.94%
CTAS	B	0.94%
AJG	B	0.94%
WELL	A	0.94%
HLT	A	0.94%
STZ	D	0.94%
NDAQ	A	0.93%
CVX	A	0.93%
PPG	F	0.93%
VRSN	F	0.93%
REG	B	0.92%
WMT	A	0.92%
MDT	D	0.92%
BRO	B	0.92%
AVY	D	0.92%
PCG	A	0.92%
AMP	A	0.92%
ORLY	B	0.91%
ECL	D	0.91%
UNP	C	0.91%
AVB	B	0.91%
LHX	C	0.9%
LYB	F	0.9%
DTE	C	0.9%
HIG	B	0.9%
FRT	B	0.89%
JKHY	D	0.89%
SYY	B	0.89%
PKG	A	0.88%
GIS	D	0.88%
PAYX	C	0.87%
NOC	D	0.87%
CSX	B	0.85%
LDOS	C	0.72%

ALTL Underweight 23 Positions Relative to HDLB

Symbol	Grade	Weight
PFE	D	-13.4%
ABBV	D	-9.8%
VZ	C	-9.25%
T	A	-8.79%
GILD	C	-5.14%
IBM	C	-5.12%
D	C	-2.76%
KHC	F	-1.93%
ETR	B	-1.73%
K	A	-1.47%
NLY	C	-1.43%
IP	B	-1.22%
MPW	F	-1.04%
AGNC	D	-1.03%
WPC	D	-0.76%
WU	D	-0.73%
ARCC	A	-0.46%
GLPI	C	-0.44%
OGE	B	-0.43%
STAG	F	-0.4%
FSK	A	-0.25%
KD	B	-0.14%
ONL	C	-0.07%