FDLO vs. PALC ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC)

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$60.86

Average Daily Volume

91,579

Number of Holdings ^*

125

* 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

$49.65

Average Daily Volume

41,342

Number of Holdings ^*

174

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	PALC
30 Days	0.53%	0.59%
60 Days	5.11%	5.52%
90 Days	5.58%	-0.94%
12 Months	27.01%	35.59%

61 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in PALC	Overlap
AAPL	C	7.37%	2.23%	2.23%
ABBV	B	1.16%	0.5%	0.5%
ABT	C	0.88%	0.5%	0.5%
ADP	A	0.6%	1.36%	0.6%
AJG	D	0.58%	0.51%	0.51%
AVY	D	0.16%	0.58%	0.16%
BRK.A	C	2.07%	0.78%	0.78%
CB	B	0.73%	0.59%	0.59%
CBOE	B	0.56%	0.47%	0.47%
CL	D	0.39%	0.64%	0.39%
CME	A	0.67%	0.58%	0.58%
CMS	A	0.24%	0.53%	0.24%
CSCO	A	1.63%	1.65%	1.63%
DUK	B	0.37%	0.56%	0.37%
EA	D	0.64%	0.64%	0.64%
ECL	B	0.25%	0.51%	0.25%
ED	A	0.27%	0.53%	0.27%
FAST	C	0.47%	0.23%	0.23%
GD	C	0.51%	0.54%	0.51%
GIS	C	0.33%	0.51%	0.33%
HON	C	0.64%	0.6%	0.6%
HSY	F	0.27%	0.12%	0.12%
ITW	B	0.54%	1.13%	0.54%
JKHY	A	0.52%	0.06%	0.06%
JNJ	D	1.24%	2.9%	1.24%
JPM	D	1.62%	0.54%	0.54%
KMB	D	0.32%	0.77%	0.32%
KMI	A	0.24%	0.57%	0.24%
KO	C	0.76%	0.73%	0.73%
LIN	B	0.57%	0.62%	0.57%
LMT	A	0.63%	1.36%	0.63%
MA	A	1.27%	2.95%	1.27%
MCD	A	0.84%	0.62%	0.62%
MDLZ	D	0.43%	1.02%	0.43%
MLM	F	0.18%	0.18%	0.18%
MMC	D	0.68%	0.64%	0.64%
MSFT	D	7.16%	2.02%	2.02%
MSI	A	1.37%	0.58%	0.58%
NKE	D	0.66%	0.57%	0.57%
OTIS	A	0.49%	0.58%	0.49%
PAYX	A	0.47%	0.78%	0.47%
PEP	F	0.66%	1.58%	0.66%
PG	D	1.01%	2.46%	1.01%
PGR	C	0.83%	0.71%	0.71%
PKG	B	0.17%	0.54%	0.17%
PM	D	0.59%	0.57%	0.57%
REGN	D	0.68%	0.51%	0.51%
ROP	C	1.23%	0.59%	0.59%
RSG	C	0.45%	0.65%	0.45%
SHW	C	0.31%	0.45%	0.31%
SO	A	0.38%	0.53%	0.38%
TJX	D	0.64%	1.3%	0.64%
TMUS	A	0.85%	0.71%	0.71%
UNP	D	0.66%	0.55%	0.55%
V	C	1.31%	2.79%	1.31%
VMC	D	0.18%	0.15%	0.15%
VRSN	B	1.14%	0.55%	0.55%
WEC	A	0.26%	0.51%	0.26%
WM	B	0.52%	0.52%	0.52%
WMB	A	0.27%	0.55%	0.27%
WMT	A	0.9%	0.63%	0.63%

FDLO Overweight 64 Positions Relative to PALC

Symbol	Grade	Weight
GOOGL	B	3.93%
AMZN	C	3.64%
ORCL	C	1.85%
LLY	D	1.85%
IBM	A	1.66%
ACN	B	1.58%
TXN	C	1.55%
UNH	B	1.52%
AKAM	D	1.19%
HD	A	1.17%
TYL	B	1.16%
DOX	B	1.14%
XOM	A	1.14%
MRK	F	1.04%
VZ	B	1.01%
T	A	0.96%
TMO	D	0.94%
CMCSA	C	0.92%
AMGN	D	0.81%
LOW	A	0.7%
SBUX	C	0.69%
VRTX	D	0.68%
ETN	C	0.66%
BDX	C	0.64%
TRV	C	0.63%
CVX	B	0.62%
ERIE	B	0.6%
AIZ	B	0.56%
FDS	C	0.56%
NOC	B	0.54%
WRB	C	0.52%
ORLY	A	0.5%
AZO	D	0.48%
LHX	A	0.47%
TSCO	B	0.47%
BAH	A	0.46%
J	F	0.44%
GRMN	D	0.43%
FCN	C	0.4%
HII	F	0.39%
COP	D	0.38%
AMT	C	0.34%
AEP	C	0.3%
EQIX	C	0.3%
EOG	B	0.29%
XEL	B	0.28%
APD	C	0.26%
PSA	C	0.26%
O	A	0.25%
AEE	A	0.25%
LNG	A	0.24%
DLR	C	0.24%
CCI	C	0.23%
CTVA	A	0.22%
CSGP	F	0.19%
EQR	C	0.19%
MAA	D	0.18%
DTM	A	0.18%
CTRA	D	0.18%
AMCR	C	0.17%
ATR	A	0.16%
ELS	D	0.16%
AMH	D	0.16%
ADC	B	0.15%

FDLO Underweight 113 Positions Relative to PALC

Symbol	Grade	Weight
AVGO	C	-2.41%
COST	C	-2.37%
NFLX	B	-1.61%
ADBE	F	-1.26%
QCOM	C	-1.03%
GE	C	-0.95%
AMP	A	-0.91%
CAT	A	-0.91%
AMAT	B	-0.84%
CTAS	C	-0.84%
INTU	F	-0.72%
SYY	D	-0.66%
L	D	-0.65%
FI	A	-0.62%
OMC	C	-0.62%
BR	B	-0.61%
LYB	F	-0.61%
ATO	A	-0.6%
BK	C	-0.59%
ICE	A	-0.58%
KLAC	B	-0.58%
YUM	B	-0.58%
MET	B	-0.58%
IEX	D	-0.57%
HIG	B	-0.57%
HOLX	D	-0.57%
DRI	C	-0.55%
ETR	A	-0.55%
PPL	B	-0.55%
SPGI	B	-0.55%
PEG	A	-0.55%
PRU	C	-0.55%
PFG	C	-0.55%
AME	D	-0.55%
KDP	C	-0.54%
HLT	B	-0.54%
AIG	F	-0.53%
LRCX	D	-0.53%
CSX	D	-0.53%
LNT	A	-0.53%
OKE	A	-0.53%
CHD	D	-0.53%
AFL	A	-0.53%
STZ	D	-0.53%
PPG	D	-0.53%
FE	C	-0.52%
WELL	C	-0.52%
SRE	B	-0.52%
MDT	C	-0.52%
BRO	A	-0.51%
AVB	C	-0.51%
MO	D	-0.5%
DGX	C	-0.5%
DOW	B	-0.5%
EVRG	C	-0.49%
PANW	D	-0.47%
ELV	F	-0.47%
MCK	F	-0.4%
ZTS	C	-0.38%
ADSK	C	-0.34%
EMR	B	-0.33%
MCO	D	-0.32%
MPC	C	-0.27%
IT	B	-0.27%
GWW	B	-0.24%
MCHP	F	-0.24%
CMI	A	-0.23%
IDXX	D	-0.22%
ROST	D	-0.22%
ACGL	B	-0.21%
LEN	B	-0.21%
TEL	D	-0.21%
GEHC	C	-0.2%
KVUE	C	-0.2%
CNC	F	-0.2%
A	B	-0.19%
VRSK	C	-0.19%
VLO	D	-0.19%
ROK	C	-0.17%
MNST	D	-0.17%
EBAY	A	-0.16%
CTSH	B	-0.16%
NVR	B	-0.15%
DD	C	-0.15%
CDW	D	-0.14%
LULU	D	-0.14%
ADM	F	-0.13%
BALL	C	-0.13%
K	A	-0.12%
KEYS	C	-0.12%
DECK	B	-0.12%
VLTO	A	-0.12%
TROW	D	-0.11%
BLDR	B	-0.11%
STE	D	-0.1%
EXPD	D	-0.1%
ULTA	D	-0.1%
BAX	D	-0.1%
CLX	C	-0.1%
POOL	B	-0.09%
CINF	B	-0.09%
EG	B	-0.08%
JBL	C	-0.08%
SWKS	F	-0.07%
CHRW	C	-0.06%
AOS	B	-0.06%
FFIV	B	-0.06%
APA	F	-0.05%
BWA	C	-0.05%
PAYC	D	-0.04%
RL	B	-0.04%
SOLV	C	-0.04%
MKTX	B	-0.04%