PALC vs. CBLS ETF Comparison

Comparison of Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) to Changebridge Capital Long/Short Equity ETF (CBLS)

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

CBLS

Changebridge Capital Long/Short Equity ETF

CBLS Description

The investment seeks long-term capital appreciation while minimizing volatility. The Adviser also considers an assessment of a company's ESG attributes in determining the attractiveness of an investment opportunity. In general, the fund's investments are broadly invested over a number of sectors, but it may focus on the technology, consumer, and healthcare sectors. Under normal circumstances, at least 80% of the fund's net assets, plus borrowings for investment purposes, will be invested long or short in equity securities, including common stocks and depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.31

Average Daily Volume

3,434

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PALC	CBLS
30 Days	2.58%	-0.29%
60 Days	2.03%	-3.14%
90 Days	0.55%	-0.77%
12 Months	29.06%	29.75%

10 Overlapping Holdings

Symbol	Grade	Weight in PALC	Weight in CBLS	Overlap
AVGO	C	2.11%	2.09%	2.09%
DECK	C	0.11%	-1.1%	-1.1%
ECL	B	0.51%	2.22%	0.51%
ETR	B	0.52%	2.45%	0.52%
GD	B	0.56%	2.18%	0.56%
KLAC	D	0.54%	1.93%	0.54%
MSFT	C	1.99%	2.04%	1.99%
PAYX	C	0.8%	-1.16%	-1.16%
ROK	D	0.17%	-1.04%	-1.04%
SO	B	0.54%	2.43%	0.54%

PALC Overweight 163 Positions Relative to CBLS

Symbol	Grade	Weight
JNJ	C	3.07%
MA	B	2.97%
V	C	2.95%
PG	C	2.57%
COST	B	2.45%
AAPL	C	2.2%
PEP	C	1.68%
NFLX	B	1.56%
CSCO	C	1.54%
ADBE	F	1.42%
ADP	B	1.41%
LMT	C	1.35%
TJX	B	1.33%
ITW	C	1.08%
MDLZ	B	1.05%
QCOM	D	0.99%
GE	B	0.87%
CTAS	B	0.87%
AMP	A	0.86%
KMB	D	0.81%
BRK.A	C	0.8%
CAT	B	0.79%
INTU	C	0.76%
KO	C	0.74%
AMAT	D	0.73%
PGR	B	0.72%
RSG	D	0.69%
TMUS	C	0.69%
SYY	D	0.68%
MMC	C	0.68%
L	C	0.67%
CL	D	0.67%
WMT	C	0.64%
EA	D	0.64%
LIN	B	0.62%
BR	D	0.62%
OMC	B	0.61%
PM	C	0.61%
ATO	B	0.6%
ICE	C	0.6%
CB	B	0.6%
ROP	C	0.6%
LYB	D	0.6%
MCD	B	0.6%
HON	D	0.59%
HOLX	B	0.59%
MSI	B	0.58%
HIG	B	0.58%
AVY	C	0.58%
CME	C	0.58%
SPGI	B	0.57%
DUK	C	0.57%
BK	B	0.57%
UNP	C	0.57%
YUM	D	0.56%
REGN	C	0.56%
KMI	B	0.56%
AJG	D	0.55%
WMB	B	0.55%
CHD	D	0.55%
OKE	B	0.55%
MET	B	0.54%
AME	C	0.54%
PRU	C	0.54%
JPM	D	0.54%
MDT	C	0.54%
ED	C	0.54%
KDP	B	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%
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%
STZ	D	0.52%
LNT	B	0.52%
ABBV	C	0.52%
PPG	D	0.51%
NKE	D	0.51%
PEG	B	0.51%
WEC	C	0.51%
CBOE	C	0.5%
DGX	B	0.5%
ELV	C	0.5%
PANW	D	0.5%
EVRG	B	0.49%
HLT	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%
ACGL	C	0.21%
TEL	D	0.21%
CMI	C	0.21%
IDXX	C	0.21%
VLO	F	0.2%
CNC	D	0.2%
VRSK	D	0.2%
KVUE	C	0.2%
LEN	B	0.2%
GEHC	C	0.19%
A	C	0.18%
MLM	D	0.17%
CTSH	C	0.16%
MNST	D	0.16%
NVR	B	0.15%
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%
CLX	C	0.11%
KEYS	C	0.11%
CINF	B	0.1%
TROW	D	0.1%
BLDR	C	0.1%
STE	C	0.1%
ULTA	D	0.09%
EXPD	C	0.09%
EG	C	0.08%
POOL	C	0.08%
JBL	D	0.07%
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%
RL	C	0.03%

PALC Underweight 52 Positions Relative to CBLS

Symbol	Grade	Weight
LNG	C	-2.95%
SKY	B	-2.79%
SCI	B	-2.78%
STRL	B	-2.77%
CHK	D	-2.56%
ERJ	C	-2.54%
IBN	B	-2.49%
NEE	C	-2.49%
RTX	C	-2.46%
TDG	B	-2.46%
NEM	B	-2.45%
D	C	-2.42%
ROL	C	-2.41%
DELL	D	-2.39%
MGNI	D	-2.23%
NU	B	-2.22%
WTTR	D	-2.18%
ASML	F	-2.17%
NVDA	D	-2.15%
MMYT	B	-2.15%
AMZN	C	-2.13%
TMDX	C	-2.07%
AER	B	-2.06%
UNH	C	-2.05%
ICFI	B	-1.98%
OSW	C	-1.97%
BOWL	F	-1.93%
HUMA	D	-1.86%
AMD	D	-1.59%
BLBD	D	-1.41%
SGBX	F	--0.67%
TTC	D	--0.92%
BGFV	F	--0.95%
TASK	F	--0.97%
ENR	D	--1.01%
CHH	C	--1.06%
SOFI	C	--1.06%
KMT	B	--1.08%
CTVA	B	--1.09%
BC	C	--1.1%
MIDD	D	--1.1%
LAD	D	--1.12%
AFRM	C	--1.16%
FIVN	F	--1.17%
IBM	B	--1.23%
DFS	B	--1.25%
HOG	C	--1.28%
DOOO	F	--1.37%
R	A	--1.49%
VSAT	F	--1.57%
DE	B	--1.66%
GIII	C	--1.7%