FFSM vs. PAMC ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC)

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$28.93

Average Daily Volume

28,347

Number of Holdings ^*

171

* may have additional holdings in another (foreign) market

PAMC

Pacer Lunt MidCap Multi-Factor Alternator ETF

PAMC Description

The investment seeks to track the total return performance, before fees and expenses, of the Lunt Capital U.S. MidCap 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 mid-capitalization U.S. companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$49.45

Average Daily Volume

10,554

Number of Holdings ^*

134

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	PAMC
30 Days	5.05%	6.63%
60 Days	4.89%	7.12%
90 Days	5.78%	7.91%
12 Months	33.64%	41.67%

26 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in PAMC	Overlap
ACM	B	0.66%	0.67%	0.66%
AFG	A	0.49%	0.66%	0.49%
AIT	B	0.88%	0.66%	0.66%
AYI	B	0.81%	0.57%	0.57%
BCO	F	0.56%	0.26%	0.26%
CACI	D	1.06%	1.39%	1.06%
CBT	D	0.59%	0.31%	0.31%
CNM	D	0.47%	0.49%	0.47%
CR	A	1.01%	0.58%	0.58%
EME	A	1.81%	1.76%	1.76%
EXP	B	1.44%	0.51%	0.51%
G	B	0.59%	0.71%	0.59%
HLI	A	0.71%	1.45%	0.71%
ITT	A	1.2%	0.7%	0.7%
JLL	D	1.1%	0.6%	0.6%
KBH	D	0.64%	0.3%	0.3%
KBR	F	0.46%	0.58%	0.46%
MMS	F	0.6%	0.53%	0.53%
MUSA	B	1.34%	1.32%	1.32%
ORI	A	0.96%	1.17%	0.96%
PRI	B	0.56%	0.67%	0.56%
RGA	A	0.76%	2.12%	0.76%
SF	B	0.75%	1.5%	0.75%
SNX	D	0.95%	0.57%	0.57%
USFD	A	1.16%	0.67%	0.67%
XPO	B	0.56%	0.85%	0.56%

FFSM Overweight 145 Positions Relative to PAMC

Symbol	Grade	Weight
UHS	D	1.5%
FTI	A	1.47%
TPX	B	1.46%
ACGL	C	1.45%
NSIT	F	1.33%
AR	B	1.27%
BJ	A	1.22%
FN	C	1.22%
CROX	D	1.17%
PFGC	B	1.16%
VRT	B	1.14%
SN	D	1.11%
MOH	F	1.1%
WHD	B	1.01%
RRX	B	1.01%
DOX	D	0.92%
AIZ	A	0.91%
BOOT	C	0.9%
TMDX	F	0.9%
LNG	A	0.9%
DFS	B	0.89%
SNV	C	0.88%
DKS	D	0.84%
STX	C	0.84%
TGLS	B	0.81%
FAF	A	0.77%
ALSN	B	0.76%
BC	C	0.76%
VTR	B	0.76%
NXST	C	0.75%
PNFP	B	0.73%
PCG	A	0.72%
GPK	C	0.71%
AEIS	C	0.66%
ASGN	F	0.65%
AES	F	0.65%
LPX	B	0.65%
FCNCA	A	0.63%
ON	D	0.62%
BECN	B	0.61%
CMC	B	0.6%
FSS	B	0.6%
LBRT	D	0.59%
VNT	C	0.59%
CADE	B	0.59%
WBS	A	0.57%
NOG	B	0.57%
MEDP	D	0.57%
MTSI	B	0.57%
EPRT	B	0.56%
HOLX	D	0.56%
CHDN	B	0.54%
ESI	B	0.54%
CIEN	C	0.53%
ASO	F	0.53%
WTFC	A	0.52%
CRL	D	0.52%
CWK	C	0.51%
RJF	A	0.51%
PVH	C	0.51%
HAYW	B	0.51%
IESC	C	0.51%
GMS	B	0.51%
WIX	A	0.5%
EBC	B	0.49%
CTRE	C	0.49%
EAT	A	0.47%
BOKF	B	0.46%
BLDR	D	0.46%
TENB	C	0.45%
OLN	F	0.45%
PRCT	B	0.44%
LITE	B	0.44%
NOMD	D	0.42%
AXTA	B	0.42%
TEX	F	0.42%
ARGX	B	0.41%
COMP	B	0.4%
LW	C	0.4%
MASI	B	0.39%
IP	A	0.37%
CXT	C	0.36%
CAH	B	0.36%
GVA	A	0.35%
RUSHA	C	0.35%
AZZ	A	0.34%
GTES	A	0.33%
WFRD	D	0.33%
PCVX	D	0.32%
FLEX	B	0.31%
AZEK	A	0.3%
UPBD	B	0.3%
ARCB	C	0.3%
MTB	A	0.3%
SKY	A	0.3%
LEA	F	0.3%
GRBK	D	0.3%
CNXC	F	0.29%
IBTX	B	0.29%
FBP	C	0.29%
LCII	C	0.29%
DIOD	D	0.27%
AMN	F	0.27%
ALGM	D	0.24%
LAUR	A	0.24%
DOOO	F	0.23%
PATK	C	0.2%
CRNX	C	0.19%
ACLX	C	0.19%
RGEN	D	0.19%
KFRC	D	0.18%
CYTK	F	0.18%
MDGL	B	0.16%
NUVL	C	0.16%
AAP	D	0.15%
XPRO	D	0.14%
MNDY	C	0.14%
KROS	D	0.13%
ELVN	D	0.12%
VCEL	B	0.12%
VRDN	D	0.12%
OMI	F	0.12%
AXSM	B	0.11%
ANAB	F	0.11%
CSTM	F	0.11%
TYRA	F	0.11%
COGT	D	0.11%
LBPH	A	0.1%
ICLR	D	0.1%
CLDX	F	0.1%
XENE	D	0.09%
AUTL	F	0.08%
TCBK	C	0.08%
MRUS	F	0.07%
PBH	A	0.06%
ARVN	F	0.04%
ATKR	D	0.01%
FIBK	B	0.01%
CC	C	0.01%
LPLA	A	0.01%
STLD	B	0.01%
AME	A	0.01%
ALXO	F	0.0%
EWTX	C	0.0%
ZNTL	F	0.0%

FFSM Underweight 108 Positions Relative to PAMC

Symbol	Grade	Weight
CW	C	-2.22%
IBKR	A	-1.78%
DTM	A	-1.68%
JEF	A	-1.67%
TXRH	B	-1.62%
SFM	A	-1.44%
EHC	B	-1.38%
TPL	A	-1.38%
WSM	C	-1.37%
LII	A	-1.26%
THC	D	-1.21%
CSL	C	-1.19%
FLS	B	-1.1%
EVR	B	-1.07%
EQH	C	-1.05%
FIX	A	-1.03%
TOL	B	-1.01%
MTG	C	-1.01%
WING	D	-0.98%
JHG	B	-0.94%
AM	A	-0.92%
NYT	D	-0.92%
FNF	B	-0.92%
ATR	B	-0.91%
AMG	B	-0.91%
SEIC	B	-0.89%
CASY	A	-0.87%
POST	C	-0.85%
ESNT	F	-0.83%
PPC	C	-0.82%
SBRA	C	-0.8%
VOYA	B	-0.77%
FHI	B	-0.77%
INGR	C	-0.75%
THG	A	-0.73%
IDA	A	-0.73%
ANF	F	-0.72%
UNM	A	-0.72%
PNM	B	-0.72%
RLI	A	-0.71%
DCI	B	-0.71%
EWBC	A	-0.71%
CLH	C	-0.7%
HRB	D	-0.69%
OGE	A	-0.69%
PSTG	D	-0.67%
RPM	A	-0.66%
ADC	A	-0.66%
GGG	B	-0.66%
NJR	A	-0.65%
CVLT	B	-0.63%
GEF	A	-0.62%
GNTX	C	-0.62%
BLD	D	-0.62%
GLPI	C	-0.62%
BWXT	B	-0.61%
SON	F	-0.61%
OHI	C	-0.61%
NWE	B	-0.61%
AMH	C	-0.6%
SR	A	-0.6%
EPR	C	-0.6%
ELS	C	-0.6%
GATX	A	-0.59%
CHE	D	-0.59%
BRX	A	-0.59%
SLGN	A	-0.59%
NBIX	C	-0.59%
OGS	A	-0.58%
ALE	A	-0.58%
NFG	A	-0.58%
BKH	A	-0.57%
LSTR	D	-0.57%
CDP	C	-0.56%
EGP	D	-0.56%
MSA	F	-0.55%
NNN	C	-0.55%
POR	C	-0.55%
FLO	D	-0.55%
AVT	C	-0.54%
FR	D	-0.54%
NEU	D	-0.53%
STAG	D	-0.53%
NVT	B	-0.52%
COKE	C	-0.52%
DLB	B	-0.51%
WTRG	B	-0.49%
ALLY	C	-0.48%
KEX	B	-0.46%
MAN	F	-0.46%
MORN	B	-0.45%
LNW	F	-0.44%
BRBR	A	-0.44%
CHRD	D	-0.43%
FLR	B	-0.4%
KD	B	-0.39%
RYAN	A	-0.39%
ESAB	C	-0.38%
KNF	B	-0.38%
OLED	F	-0.35%
R	B	-0.34%
GAP	C	-0.32%
CRUS	D	-0.29%
SLM	A	-0.26%
LOPE	C	-0.26%
UMBF	B	-0.26%
CNO	B	-0.2%
IBOC	B	-0.19%