FFLC vs. PALC ETF Comparison

Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC)

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$45.51

Average Daily Volume

94,792

Number of Holdings ^*

133

* 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

$49.30

Average Daily Volume

43,568

Number of Holdings ^*

173

* may have additional holdings in another (foreign) market

Performance

Period	FFLC	PALC
30 Days	2.52%	2.58%
60 Days	4.79%	2.03%
90 Days	4.60%	0.55%
12 Months	37.58%	29.06%

35 Overlapping Holdings

Symbol	Grade	Weight in FFLC	Weight in PALC	Overlap
AAPL	C	4.51%	2.2%	2.2%
ACGL	C	0.24%	0.21%	0.21%
ADBE	F	1.41%	1.42%	1.41%
AVY	C	0.38%	0.58%	0.38%
BLDR	C	0.39%	0.1%	0.1%
CAT	B	0.75%	0.79%	0.75%
CB	B	0.97%	0.6%	0.6%
CLX	C	0.47%	0.11%	0.11%
CNC	D	0.51%	0.2%	0.2%
CSCO	C	0.44%	1.54%	0.44%
GE	B	0.9%	0.87%	0.87%
HLT	B	0.49%	0.49%	0.49%
HOLX	B	0.28%	0.59%	0.28%
INTU	C	0.92%	0.76%	0.76%
JBL	D	0.67%	0.07%	0.07%
JPM	D	0.98%	0.54%	0.54%
KDP	B	0.63%	0.54%	0.54%
KO	C	0.73%	0.74%	0.73%
KVUE	C	0.88%	0.2%	0.2%
LEN	B	0.39%	0.2%	0.2%
LIN	B	0.81%	0.62%	0.62%
LMT	C	0.68%	1.35%	0.68%
MLM	D	0.48%	0.17%	0.17%
MMC	C	0.53%	0.68%	0.53%
MSFT	C	7.7%	1.99%	1.99%
NFLX	B	1.06%	1.56%	1.06%
NKE	D	0.92%	0.51%	0.51%
NVR	B	0.45%	0.15%	0.15%
REGN	C	0.76%	0.56%	0.56%
RL	C	0.51%	0.03%	0.03%
SO	B	0.82%	0.54%	0.54%
STZ	D	0.2%	0.52%	0.2%
TJX	B	1.2%	1.33%	1.2%
V	C	1.63%	2.95%	1.63%
WMT	C	0.49%	0.64%	0.49%

FFLC Overweight 98 Positions Relative to PALC

Symbol	Grade	Weight
NVDA	D	3.39%
AMZN	C	3.26%
META	B	2.57%
GOOGL	D	2.4%
LLY	C	1.93%
UNH	C	1.72%
XOM	C	1.49%
BA	F	1.31%
AMD	D	1.27%
BSX	B	1.23%
CMCSA	D	1.16%
WFC	D	1.08%
ETN	C	1.05%
UBER	C	1.04%
TMO	B	1.03%
PH	B	1.02%
CRM	D	0.98%
PWR	B	0.92%
BAC	D	0.9%
DHR	B	0.82%
ORCL	C	0.79%
FCX	D	0.75%
IR	C	0.73%
APTV	D	0.71%
BKR	C	0.7%
SHOP	C	0.69%
ON	D	0.69%
NXPI	F	0.68%
SYK	C	0.67%
HWM	B	0.67%
GNRC	D	0.66%
CEG	C	0.66%
VST	C	0.65%
BKNG	C	0.61%
MS	D	0.6%
NOC	B	0.6%
SLB	F	0.6%
BJ	D	0.58%
TSM	C	0.58%
DIS	D	0.57%
PFGC	B	0.57%
ADI	C	0.55%
CI	C	0.52%
FLEX	C	0.52%
LNG	C	0.51%
ABNB	D	0.5%
CE	F	0.49%
AZN	D	0.47%
VRT	C	0.46%
BWXT	D	0.45%
SNPS	D	0.44%
WDAY	D	0.44%
DT	C	0.43%
KBR	D	0.42%
ESI	D	0.42%
CMG	C	0.42%
ARES	B	0.41%
FCN	D	0.41%
SPOT	B	0.4%
ITT	B	0.39%
CBRE	A	0.39%
FOUR	C	0.39%
EDR	A	0.37%
URI	B	0.37%
GS	C	0.33%
WSC	D	0.32%
HLI	B	0.32%
TRNO	C	0.32%
HES	F	0.32%
FTI	D	0.29%
GILD	B	0.29%
EL	F	0.27%
MDB	D	0.27%
CHDN	C	0.27%
SAM	F	0.27%
MRK	D	0.26%
GLPI	C	0.26%
TT	B	0.26%
ASML	F	0.25%
NVO	C	0.25%
FSLR	C	0.25%
AR	F	0.24%
FND	C	0.24%
TER	D	0.22%
WST	D	0.22%
DKS	D	0.21%
WNS	F	0.19%
ESS	B	0.18%
FAF	B	0.18%
OI	D	0.17%
NFE	F	0.16%
OWL	C	0.16%
MU	F	0.14%
MASI	F	0.12%
AGL	F	0.12%
LEGN	F	0.12%
LFST	C	0.06%
MRVL	C	0.04%

FFLC Underweight 138 Positions Relative to PALC

Symbol	Grade	Weight
JNJ	C	-3.07%
MA	B	-2.97%
PG	C	-2.57%
COST	B	-2.45%
AVGO	C	-2.11%
PEP	C	-1.68%
ADP	B	-1.41%
ITW	C	-1.08%
MDLZ	B	-1.05%
QCOM	D	-0.99%
CTAS	B	-0.87%
AMP	A	-0.86%
KMB	D	-0.81%
BRK.A	C	-0.8%
PAYX	C	-0.8%
AMAT	D	-0.73%
PGR	B	-0.72%
RSG	D	-0.69%
TMUS	C	-0.69%
SYY	D	-0.68%
L	C	-0.67%
CL	D	-0.67%
EA	D	-0.64%
BR	D	-0.62%
OMC	B	-0.61%
PM	C	-0.61%
ATO	B	-0.6%
ICE	C	-0.6%
ROP	C	-0.6%
LYB	D	-0.6%
MCD	B	-0.6%
HON	D	-0.59%
MSI	B	-0.58%
HIG	B	-0.58%
CME	C	-0.58%
SPGI	B	-0.57%
DUK	C	-0.57%
BK	B	-0.57%
UNP	C	-0.57%
GD	B	-0.56%
YUM	D	-0.56%
KMI	B	-0.56%
AJG	D	-0.55%
WMB	B	-0.55%
CHD	D	-0.55%
OKE	B	-0.55%
KLAC	D	-0.54%
MET	B	-0.54%
AME	C	-0.54%
PRU	C	-0.54%
MDT	C	-0.54%
ED	C	-0.54%
PPL	C	-0.54%
AIG	D	-0.53%
ABT	C	-0.53%
FE	C	-0.53%
CMS	C	-0.53%
IEX	D	-0.53%
AFL	C	-0.53%
VRSN	D	-0.53%
MO	C	-0.53%
WM	D	-0.53%
WELL	C	-0.53%
ETR	B	-0.52%
PFG	B	-0.52%
DRI	B	-0.52%
PKG	B	-0.52%
BRO	C	-0.52%
CSX	D	-0.52%
OTIS	C	-0.52%
SRE	C	-0.52%
GIS	B	-0.52%
AVB	B	-0.52%
LNT	B	-0.52%
ABBV	C	-0.52%
PPG	D	-0.51%
PEG	B	-0.51%
WEC	C	-0.51%
ECL	B	-0.51%
CBOE	C	-0.5%
DGX	B	-0.5%
ELV	C	-0.5%
PANW	D	-0.5%
EVRG	B	-0.49%
DOW	D	-0.47%
LRCX	F	-0.47%
SHW	B	-0.45%
MCK	F	-0.42%
ZTS	C	-0.37%
ADSK	C	-0.34%
MCO	B	-0.34%
EMR	D	-0.31%
MPC	F	-0.28%
IT	B	-0.27%
MCHP	F	-0.23%
ROST	C	-0.23%
GWW	B	-0.23%
FAST	C	-0.22%
TEL	D	-0.21%
CMI	C	-0.21%
IDXX	C	-0.21%
VLO	F	-0.2%
VRSK	D	-0.2%
GEHC	C	-0.19%
A	C	-0.18%
ROK	D	-0.17%
CTSH	C	-0.16%
MNST	D	-0.16%
EBAY	B	-0.15%
VMC	D	-0.14%
DD	B	-0.14%
BALL	C	-0.13%
LULU	D	-0.13%
ADM	D	-0.13%
HSY	C	-0.13%
CDW	D	-0.13%
K	B	-0.12%
VLTO	C	-0.12%
BAX	C	-0.11%
KEYS	C	-0.11%
DECK	C	-0.11%
CINF	B	-0.1%
TROW	D	-0.1%
STE	C	-0.1%
ULTA	D	-0.09%
EXPD	C	-0.09%
EG	C	-0.08%
POOL	C	-0.08%
SWKS	D	-0.07%
CHRW	B	-0.06%
FFIV	B	-0.06%
JKHY	B	-0.06%
APA	F	-0.05%
AOS	D	-0.05%
PAYC	D	-0.04%
BWA	D	-0.04%
SOLV	C	-0.04%
MKTX	C	-0.04%