FVAL vs. PWS ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Pacer WealthShield ETF (PWS)

FVAL

Fidelity Value Factor ETF

FVAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$63.10

Average Daily Volume

71,977

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

PWS

Pacer WealthShield ETF

PWS Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer WealthShield Index. Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in (i) the component securities of the index or (ii) ETFs that seek to track the performance of some or all of the component securities of the index in the same approximate weight as such component securities. The index utilizes a systematic risk management strategy that directs the index's exposure to U.S. equity securities, U.S. Treasury securities, or a mix of each. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.70

Average Daily Volume

2,053

Number of Holdings ^*

217

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	PWS
30 Days	2.52%	0.03%
60 Days	7.14%	-5.12%
90 Days	8.44%	2.62%
12 Months	29.08%	19.20%

46 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in PWS	Overlap
AAPL	C	6.63%	4.24%	4.24%
ACN	B	1.14%	0.27%	0.27%
ADM	F	0.33%	0.19%	0.19%
AEP	D	0.26%	0.87%	0.26%
AMZN	A	3.92%	7.49%	3.92%
ARE	F	0.17%	0.32%	0.17%
BG	D	0.3%	0.09%	0.09%
BKNG	A	0.85%	0.66%	0.66%
BXP	D	0.18%	0.21%	0.18%
CBRE	B	0.24%	0.72%	0.24%
CRM	B	1.42%	0.36%	0.36%
CTSH	A	0.78%	0.05%	0.05%
DUK	D	0.34%	1.45%	0.34%
EBAY	C	0.51%	0.12%	0.12%
EXC	C	0.24%	0.63%	0.24%
EXPE	B	0.65%	0.08%	0.08%
F	C	0.5%	0.17%	0.17%
GM	B	0.64%	0.24%	0.24%
HD	B	1.19%	1.61%	1.19%
HPE	B	0.83%	0.03%	0.03%
HST	D	0.17%	0.22%	0.17%
IBM	D	1.11%	0.24%	0.24%
INTC	C	0.81%	0.12%	0.12%
KMB	D	0.4%	0.33%	0.33%
KR	A	0.43%	0.27%	0.27%
KVUE	A	0.5%	0.32%	0.32%
LVS	C	0.57%	0.07%	0.07%
MCD	C	0.85%	0.86%	0.85%
MO	A	0.53%	0.66%	0.53%
MSFT	C	6.37%	3.81%	3.81%
MU	D	0.97%	0.14%	0.14%
NEE	D	0.46%	2.69%	0.46%
NRG	C	0.27%	0.3%	0.27%
NVDA	A	7.49%	4.2%	4.2%
O	D	0.23%	0.93%	0.23%
PCG	A	0.28%	0.71%	0.28%
PG	C	1.05%	2.81%	1.05%
PLD	D	0.32%	1.91%	0.32%
PSA	D	0.25%	0.95%	0.25%
QCOM	F	1.05%	0.23%	0.23%
SPG	A	0.26%	0.95%	0.26%
SWKS	F	0.58%	0.02%	0.02%
TGT	C	0.46%	0.5%	0.46%
VICI	D	0.2%	0.6%	0.2%
WMT	A	1.06%	2.59%	1.06%
WYNN	C	0.45%	0.04%	0.04%

FVAL Overweight 78 Positions Relative to PWS

Symbol	Grade	Weight
GOOGL	C	3.78%
META	B	2.66%
BRK.A	B	2.01%
JPM	A	1.75%
UNH	B	1.72%
V	A	1.4%
ABBV	F	1.32%
JNJ	D	1.3%
XOM	B	1.14%
BAC	A	1.08%
MRK	F	1.06%
GILD	B	1.04%
WFC	A	1.0%
ZM	B	0.97%
BMY	B	0.93%
AXP	B	0.82%
CI	D	0.79%
UAL	A	0.79%
CAT	B	0.77%
CVS	F	0.73%
C	B	0.73%
COF	B	0.71%
ELV	F	0.69%
TRV	B	0.66%
DFS	B	0.66%
HON	B	0.64%
ADP	A	0.64%
SYF	B	0.64%
CVX	A	0.64%
UNP	D	0.62%
CMCSA	B	0.61%
RPRX	F	0.61%
DAL	A	0.6%
T	A	0.6%
JXN	C	0.59%
DE	D	0.58%
VZ	D	0.58%
LMT	D	0.58%
CNC	F	0.56%
RNR	D	0.55%
UPS	C	0.54%
LIN	D	0.53%
PRU	B	0.53%
PCAR	B	0.53%
MMM	C	0.51%
CMI	A	0.5%
G	B	0.49%
OZK	B	0.48%
EG	D	0.48%
FDX	B	0.46%
RHI	B	0.44%
OC	A	0.4%
M	C	0.39%
COP	C	0.39%
AGCO	F	0.37%
ACI	C	0.34%
EOG	A	0.31%
PARA	B	0.28%
ATKR	C	0.27%
FCX	F	0.26%
MPC	D	0.23%
NEM	F	0.21%
VLO	C	0.21%
NUE	D	0.2%
NFG	D	0.19%
STLD	C	0.19%
DVN	F	0.18%
UGI	D	0.18%
CF	B	0.17%
DOW	F	0.17%
JLL	C	0.17%
WPC	F	0.16%
GLPI	D	0.16%
LYB	F	0.15%
MUR	D	0.14%
MOS	D	0.14%
CIVI	D	0.13%
CLF	F	0.12%

FVAL Underweight 171 Positions Relative to PWS

Symbol	Grade	Weight
COST	B	-2.84%
TSLA	B	-2.76%
KO	F	-1.82%
AMT	F	-1.79%
PEP	D	-1.65%
SO	D	-1.61%
EQIX	B	-1.54%
PM	B	-1.46%
WELL	B	-1.41%
CEG	D	-1.18%
DLR	C	-0.99%
AVGO	C	-0.98%
CCI	F	-0.85%
SRE	B	-0.85%
D	D	-0.81%
PEG	C	-0.68%
MDLZ	F	-0.66%
VST	B	-0.66%
IRM	D	-0.65%
EXR	D	-0.63%
LOW	B	-0.62%
XEL	A	-0.61%
ED	D	-0.57%
AVB	B	-0.56%
CSGP	F	-0.55%
CL	F	-0.55%
TJX	A	-0.52%
EIX	C	-0.52%
ETR	B	-0.51%
WEC	B	-0.5%
VTR	C	-0.48%
SBUX	B	-0.45%
AWK	D	-0.44%
SBAC	D	-0.44%
EQR	C	-0.43%
WY	F	-0.42%
DTE	D	-0.42%
PPL	A	-0.39%
ES	D	-0.38%
NKE	F	-0.38%
AEE	B	-0.38%
FE	D	-0.36%
ATO	B	-0.36%
ORCL	A	-0.34%
CMS	D	-0.34%
ESS	C	-0.33%
INVH	D	-0.33%
CNP	B	-0.32%
CMG	B	-0.32%
MAA	C	-0.32%
KIM	A	-0.3%
AMD	F	-0.29%
MNST	B	-0.28%
DOC	C	-0.28%
CSCO	A	-0.28%
SYY	D	-0.27%
ADBE	C	-0.27%
STZ	D	-0.27%
GIS	F	-0.27%
ORLY	A	-0.27%
NI	A	-0.26%
MAR	A	-0.25%
NOW	A	-0.25%
LNT	C	-0.25%
ABNB	C	-0.25%
KDP	C	-0.25%
HLT	A	-0.24%
UDR	C	-0.23%
EVRG	A	-0.23%
TXN	B	-0.23%
INTU	A	-0.22%
AZO	B	-0.22%
CPT	C	-0.22%
KHC	F	-0.21%
REG	A	-0.21%
RCL	A	-0.2%
DHI	D	-0.2%
AMAT	F	-0.19%
HSY	F	-0.19%
ROST	D	-0.19%
AES	F	-0.18%
CHD	A	-0.18%
LEN	D	-0.17%
K	A	-0.16%
PNW	A	-0.16%
CLX	A	-0.15%
PANW	B	-0.15%
LULU	B	-0.15%
FRT	B	-0.15%
YUM	B	-0.15%
ADI	D	-0.14%
MKC	D	-0.14%
GRMN	A	-0.13%
ANET	C	-0.13%
DG	F	-0.13%
TSCO	D	-0.12%
TSN	B	-0.12%
LRCX	F	-0.12%
PHM	D	-0.11%
EL	F	-0.11%
KLAC	F	-0.11%
NVR	D	-0.1%
MSI	B	-0.1%
DLTR	F	-0.1%
CAG	F	-0.1%
CDNS	B	-0.1%
SNPS	C	-0.1%
DECK	B	-0.1%
APH	B	-0.1%
PLTR	B	-0.1%
CRWD	B	-0.09%
SJM	F	-0.09%
CCL	B	-0.09%
ULTA	C	-0.08%
NXPI	F	-0.08%
DRI	B	-0.08%
ADSK	B	-0.08%
LW	B	-0.08%
CPB	F	-0.07%
GPC	D	-0.07%
TAP	B	-0.07%
ROP	A	-0.07%
BBY	C	-0.07%
POOL	D	-0.06%
APTV	F	-0.06%
FICO	B	-0.06%
DPZ	C	-0.06%
FTNT	B	-0.06%
HRL	F	-0.06%
NCLH	B	-0.05%
GLW	B	-0.05%
TPR	A	-0.05%
KMX	B	-0.05%
DELL	C	-0.05%
MPWR	F	-0.05%
WBA	D	-0.05%
IT	B	-0.05%
MCHP	F	-0.05%
ANSS	B	-0.04%
CZR	F	-0.04%
HAS	D	-0.04%
ON	F	-0.04%
LKQ	C	-0.04%
HPQ	B	-0.04%
ZBRA	B	-0.03%
TDY	B	-0.03%
STX	D	-0.03%
WDC	D	-0.03%
PTC	B	-0.03%
FSLR	F	-0.03%
GDDY	B	-0.03%
MHK	D	-0.03%
NTAP	D	-0.03%
TYL	B	-0.03%
BWA	B	-0.03%
CDW	F	-0.03%
RL	B	-0.03%
KEYS	C	-0.03%
MGM	D	-0.03%
JNPR	D	-0.02%
SMCI	F	-0.02%
FFIV	B	-0.02%
VRSN	C	-0.02%
JBL	C	-0.02%
TRMB	B	-0.02%
AKAM	F	-0.02%
GEN	B	-0.02%
TER	F	-0.02%
QRVO	F	-0.01%
EPAM	B	-0.01%
ENPH	F	-0.01%