KEAT vs. GCOW ETF Comparison

Comparison of Keating Active ETF (KEAT) to Pacer Global Cash Cows Dividend ETF (GCOW)

KEAT

Keating Active ETF

KEAT Description

KEAT actively invests in equity securities of all-cap companies considered undervalued based on the subadvisor's fundamental research. These securities include common stock, preferred stock, REITs, ADRs, and GDRs. The fund also considers and invests in international ETFs in the same manner it selects its individual securities. The sub-adviser initially identifies potential investment opportunities through public disclosures, and assesses their financial condition based on sustainable earnings and future cash flows through financial and strategic analyses. The portfolio will typically be comprised of 25 to 40 securities, all selected to offer exceptional value and have defensible positions. The fund also emphasizes companies with good shareholder yield. It intends to hold its positions for a year or more and sells them when it reaches its fair value or has become overvalued. KEAT may also hold short-term Treasurys in seeking total return.

Grade (RS Rating)

Last Trade

$26.89

Average Daily Volume

2,382

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GCOW

Pacer Global Cash Cows Dividend ETF

GCOW Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer Global Cash Cows Dividend Index. Under normal circumstances, the fund will invest at least 80% of its total assets (exclusive of collateral held from securities lending) in the components of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities (e.g., depositary receipts). The index uses an objective, rules-based methodology to provide exposure to global companies with high dividend yields backed by a high free cash flow yield. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$35.00

Average Daily Volume

216,687

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KEAT	GCOW
30 Days	0.99%	-1.52%
60 Days	0.14%	-4.03%
90 Days	1.23%	-3.13%
12 Months		7.22%

5 Overlapping Holdings

Symbol	Grade	Weight in KEAT	Weight in GCOW	Overlap
PM	B	3.36%	2.46%	2.46%
TTE	F	2.85%	1.74%	1.74%
UPS	C	0.84%	1.93%	0.84%
VOD	F	3.14%	1.34%	1.34%
VZ	C	3.26%	2.02%	2.02%

KEAT Overweight 22 Positions Relative to GCOW

Symbol	Grade	Weight
STIP	C	28.19%
OII	B	3.84%
GOLD	D	3.73%
CALM	A	3.56%
EQC	B	3.54%
TAP	C	3.31%
EQNR	D	3.23%
LMT	D	3.16%
TALO	C	2.99%
UL	D	2.98%
LW	C	2.42%
JNJ	D	1.6%
AFL	B	1.54%
XOM	B	1.28%
TMO	F	1.2%
WY	D	1.16%
PEP	F	0.9%
DOV	A	0.81%
BRK.A	B	0.79%
INTC	D	0.57%
TGT	F	0.57%
AXP	A	0.51%

KEAT Underweight 21 Positions Relative to GCOW

Symbol	Grade	Weight
GILD	C	-2.71%
BMY	B	-2.69%
T	A	-2.49%
IBM	C	-2.39%
MO	A	-2.38%
BTI	B	-2.33%
MMM	D	-2.27%
CVX	A	-2.05%
NVS	D	-1.93%
SNY	F	-1.93%
ABBV	D	-1.93%
RIO	D	-1.78%
BHP	F	-1.78%
E	F	-1.7%
EOG	A	-1.69%
BP	D	-1.64%
WMB	A	-1.63%
CVS	D	-1.45%
GSK	F	-1.28%
STLA	F	-1.22%
KHC	F	-0.93%