FQAL vs. PALC ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC)

FQAL

Fidelity Quality Factor ETF

FQAL Description

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

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* 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

$52.39

Average Daily Volume

19,012

Number of Holdings ^*

181

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	PALC
30 Days	2.60%	4.42%
60 Days	4.35%	6.04%
90 Days	5.86%	8.35%
12 Months	30.56%	36.24%

48 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in PALC	Overlap
ABBV	D	1.14%	0.38%	0.38%
ADP	B	0.64%	0.52%	0.52%
AME	A	0.52%	0.79%	0.52%
AMP	A	0.92%	0.62%	0.62%
AMT	D	0.27%	0.86%	0.27%
AVB	B	0.19%	0.45%	0.19%
AVY	D	0.15%	0.46%	0.15%
AZO	C	0.75%	0.55%	0.55%
BKNG	A	1.21%	1.25%	1.21%
CL	D	0.36%	0.49%	0.36%
CME	A	0.85%	0.51%	0.51%
COST	B	1.01%	0.48%	0.48%
CPRT	A	0.48%	0.34%	0.34%
CSX	B	0.49%	0.48%	0.48%
CTAS	B	0.55%	0.49%	0.49%
DPZ	C	0.69%	0.14%	0.14%
ECL	D	0.24%	0.44%	0.24%
FICO	B	0.96%	0.57%	0.57%
ITW	B	0.54%	0.55%	0.54%
JNJ	D	1.35%	0.49%	0.49%
KMB	D	0.31%	0.42%	0.31%
KO	D	0.66%	0.56%	0.56%
LIN	D	0.52%	0.51%	0.51%
LMT	D	0.56%	0.44%	0.44%
LOW	D	1.02%	1.55%	1.02%
MA	C	1.48%	0.58%	0.58%
MCD	D	1.11%	2.85%	1.11%
MDLZ	F	0.38%	0.43%	0.38%
MO	A	0.44%	1.39%	0.44%
MSCI	C	0.75%	0.65%	0.65%
MTD	D	0.58%	0.23%	0.23%
NEE	D	0.47%	0.92%	0.47%
ORLY	B	0.84%	0.69%	0.69%
OTIS	C	0.45%	0.87%	0.45%
PAYX	C	0.49%	0.49%	0.49%
PG	A	0.98%	0.54%	0.54%
PM	B	0.63%	2.49%	0.63%
SBAC	D	0.16%	0.31%	0.16%
SO	D	0.36%	0.45%	0.36%
SPG	B	0.25%	0.34%	0.25%
SPGI	C	0.92%	0.47%	0.47%
TDG	D	0.49%	0.76%	0.49%
UNP	C	0.61%	0.46%	0.46%
V	A	1.61%	0.65%	0.65%
VRTX	F	0.86%	0.64%	0.64%
WEC	A	0.26%	0.45%	0.26%
WMB	A	0.34%	0.59%	0.34%
YUM	B	0.72%	0.89%	0.72%

FQAL Overweight 76 Positions Relative to PALC

Symbol	Grade	Weight
NVDA	C	7.24%
AAPL	C	6.62%
MSFT	F	6.3%
GOOGL	C	3.69%
META	D	2.51%
AVGO	D	2.0%
LLY	F	1.72%
HD	A	1.5%
XOM	B	1.16%
BX	A	1.05%
ACN	C	1.05%
BMY	B	1.02%
PGR	A	1.0%
GILD	C	1.0%
ADBE	C	0.97%
NFLX	A	0.97%
PANW	C	0.96%
QCOM	F	0.91%
GRMN	B	0.86%
VEEV	C	0.84%
CPAY	A	0.82%
ZTS	D	0.81%
EWBC	A	0.78%
CAT	B	0.77%
CFR	B	0.77%
AMAT	F	0.77%
MCO	B	0.76%
ABNB	C	0.75%
JXN	C	0.74%
ACGL	D	0.71%
CBSH	A	0.71%
CVX	A	0.68%
LRCX	F	0.67%
IDXX	F	0.67%
KNSL	B	0.65%
QLYS	C	0.64%
KLAC	D	0.64%
WSM	B	0.63%
MEDP	D	0.57%
T	A	0.57%
VZ	C	0.56%
GWW	B	0.55%
FAST	B	0.53%
MMM	D	0.5%
VRSK	A	0.46%
ODFL	B	0.45%
VST	B	0.43%
COP	C	0.41%
TTD	B	0.41%
CEG	D	0.36%
EOG	A	0.32%
MNST	C	0.31%
TPL	A	0.31%
PLD	D	0.3%
SHW	A	0.3%
LNG	B	0.28%
NRG	B	0.27%
HSY	F	0.25%
FCX	D	0.24%
PSA	D	0.23%
O	D	0.21%
NFG	A	0.2%
AM	A	0.19%
EXR	D	0.19%
UGI	A	0.19%
MLM	B	0.19%
WHD	B	0.18%
VICI	C	0.18%
NUE	C	0.18%
RS	B	0.17%
EQR	B	0.17%
CF	B	0.17%
ESS	B	0.16%
EXP	A	0.16%
RGLD	C	0.15%
GLPI	C	0.14%

FQAL Underweight 133 Positions Relative to PALC

Symbol	Grade	Weight
TSLA	B	-3.78%
JPM	A	-3.26%
ORCL	B	-2.07%
BAC	A	-1.98%
GS	A	-1.96%
AMGN	D	-1.64%
WFC	A	-1.42%
MS	A	-1.36%
MCK	B	-1.17%
SBUX	A	-1.13%
OKE	A	-1.07%
HLT	A	-1.04%
AON	A	-1.03%
C	A	-1.01%
PFE	D	-0.9%
BK	A	-0.88%
MET	A	-0.77%
TMUS	B	-0.72%
BA	F	-0.7%
HCA	F	-0.69%
BRK.A	B	-0.69%
MAR	B	-0.65%
FI	A	-0.64%
VRSN	F	-0.63%
KMI	A	-0.61%
RSG	A	-0.6%
L	A	-0.6%
WMT	A	-0.59%
HON	B	-0.58%
FTNT	C	-0.57%
MMC	B	-0.56%
MSI	B	-0.56%
ATO	A	-0.55%
CSCO	B	-0.55%
CMS	C	-0.55%
TJX	A	-0.55%
ETR	B	-0.54%
FE	C	-0.54%
IEX	B	-0.53%
ROP	B	-0.53%
CB	C	-0.51%
PKG	A	-0.51%
HIG	B	-0.5%
ICE	C	-0.5%
PRU	A	-0.5%
COR	B	-0.49%
PFG	D	-0.49%
EA	A	-0.49%
WM	A	-0.49%
SRE	A	-0.49%
WELL	A	-0.48%
CHD	B	-0.48%
DRI	B	-0.48%
PPL	B	-0.48%
AJG	B	-0.47%
DUK	C	-0.47%
AIG	B	-0.47%
PEG	A	-0.47%
OMC	C	-0.47%
BRO	B	-0.47%
BR	A	-0.46%
AFL	B	-0.46%
GD	F	-0.46%
ABT	B	-0.45%
PEP	F	-0.45%
LNT	A	-0.45%
LH	C	-0.45%
EVRG	A	-0.44%
STZ	D	-0.44%
DGX	A	-0.44%
MDT	D	-0.44%
PPG	F	-0.43%
KDP	D	-0.42%
ED	D	-0.42%
APD	A	-0.42%
SYY	B	-0.41%
HOLX	D	-0.41%
CBOE	B	-0.4%
NEM	D	-0.39%
GIS	D	-0.39%
LYB	F	-0.37%
DOW	F	-0.35%
TFC	A	-0.34%
CCI	D	-0.33%
REGN	F	-0.33%
ELV	F	-0.32%
LHX	C	-0.31%
HPQ	B	-0.3%
CHTR	C	-0.29%
CAH	B	-0.26%
F	C	-0.26%
RCL	A	-0.25%
TTWO	A	-0.24%
PCG	A	-0.24%
TRGP	B	-0.23%
XYL	D	-0.23%
RMD	C	-0.22%
LYV	A	-0.2%
STT	A	-0.18%
EIX	B	-0.18%
MAS	D	-0.17%
BIIB	F	-0.15%
HUBB	B	-0.15%
WAT	B	-0.15%
UAL	A	-0.15%
VTR	C	-0.14%
PTC	A	-0.13%
TRMB	B	-0.13%
STX	D	-0.13%
EQT	B	-0.13%
AES	F	-0.12%
ES	D	-0.12%
CCL	B	-0.12%
NDSN	B	-0.11%
KEY	B	-0.11%
NTRS	A	-0.11%
EL	F	-0.1%
WYNN	D	-0.1%
AKAM	D	-0.09%
NI	A	-0.09%
MGM	D	-0.08%
BXP	D	-0.08%
MTCH	D	-0.08%
ALB	C	-0.08%
LKQ	D	-0.07%
KMX	B	-0.07%
LW	C	-0.07%
HSIC	B	-0.06%
NCLH	B	-0.06%
TECH	D	-0.06%
CZR	F	-0.05%
CTLT	B	-0.05%
FMC	D	-0.04%