PALC vs. CLSE ETF Comparison

Comparison of Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) to Convergence Long/Short Equity ETF (CLSE)

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

$49.77

Average Daily Volume

41,303

Number of Holdings ^*

174

* may have additional holdings in another (foreign) market

CLSE

Convergence Long/Short Equity ETF

CLSE Description

The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.

Grade (RS Rating)

Last Trade

$22.51

Average Daily Volume

49,544

Number of Holdings ^*

331

* may have additional holdings in another (foreign) market

Performance

Period	PALC	CLSE
30 Days	2.10%	5.51%
60 Days	9.01%	11.19%
90 Days	0.14%	4.00%
12 Months	37.23%	39.98%

36 Overlapping Holdings

Symbol	Grade	Weight in PALC	Weight in CLSE	Overlap
AAPL	C	2.23%	1.95%	1.95%
ABBV	C	0.5%	1.02%	0.5%
ADBE	F	1.26%	-0.39%	-0.39%
AJG	C	0.51%	-0.19%	-0.19%
AVGO	B	2.41%	2.7%	2.41%
CAT	A	0.91%	0.36%	0.36%
CHRW	C	0.06%	0.67%	0.06%
CINF	A	0.09%	-0.19%	-0.19%
CNC	F	0.2%	0.7%	0.2%
GE	B	0.95%	-0.29%	-0.29%
HSY	D	0.12%	-0.26%	-0.26%
JNJ	D	2.9%	0.91%	0.91%
JPM	C	0.54%	0.59%	0.54%
KLAC	B	0.58%	0.47%	0.47%
KMB	D	0.77%	0.16%	0.16%
LMT	A	1.36%	0.54%	0.54%
MCHP	F	0.24%	-0.52%	-0.52%
MDT	C	0.52%	0.46%	0.46%
MET	A	0.58%	0.56%	0.56%
MKTX	B	0.04%	-0.34%	-0.34%
MNST	D	0.17%	-0.31%	-0.31%
MO	D	0.5%	0.76%	0.5%
MPC	D	0.27%	0.44%	0.27%
MSFT	D	2.02%	1.01%	1.01%
NFLX	A	1.61%	0.31%	0.31%
NVR	C	0.15%	0.31%	0.15%
OKE	A	0.53%	-0.17%	-0.17%
PG	D	2.46%	0.7%	0.7%
PGR	B	0.71%	0.47%	0.47%
POOL	D	0.09%	-0.56%	-0.56%
QCOM	D	1.03%	2.56%	1.03%
SRE	C	0.52%	-0.31%	-0.31%
UNP	F	0.55%	0.57%	0.55%
VLO	F	0.19%	0.77%	0.19%
VMC	D	0.15%	-0.11%	-0.11%
WMT	A	0.63%	1.94%	0.63%

PALC Overweight 138 Positions Relative to CLSE

Symbol	Grade	Weight
MA	A	2.95%
V	B	2.79%
COST	C	2.37%
CSCO	A	1.65%
PEP	F	1.58%
ADP	A	1.36%
TJX	D	1.3%
ITW	C	1.13%
MDLZ	D	1.02%
AMP	A	0.91%
AMAT	C	0.84%
CTAS	C	0.84%
BRK.A	B	0.78%
PAYX	B	0.78%
KO	C	0.73%
INTU	F	0.72%
TMUS	A	0.71%
SYY	D	0.66%
RSG	D	0.65%
L	C	0.65%
EA	D	0.64%
CL	D	0.64%
MMC	D	0.64%
FI	A	0.62%
OMC	C	0.62%
MCD	A	0.62%
LIN	C	0.62%
BR	B	0.61%
LYB	B	0.61%
ATO	A	0.6%
HON	C	0.6%
CB	A	0.59%
BK	A	0.59%
ROP	D	0.59%
CME	A	0.58%
MSI	A	0.58%
ICE	A	0.58%
OTIS	A	0.58%
YUM	C	0.58%
AVY	D	0.58%
IEX	D	0.57%
HIG	A	0.57%
PM	D	0.57%
KMI	A	0.57%
HOLX	D	0.57%
NKE	D	0.57%
DUK	C	0.56%
WMB	A	0.55%
DRI	C	0.55%
ETR	A	0.55%
PPL	C	0.55%
SPGI	C	0.55%
PEG	A	0.55%
PRU	B	0.55%
VRSN	C	0.55%
PFG	A	0.55%
AME	C	0.55%
PKG	B	0.54%
KDP	C	0.54%
HLT	A	0.54%
GD	C	0.54%
AIG	C	0.53%
LRCX	D	0.53%
CSX	D	0.53%
CMS	A	0.53%
LNT	B	0.53%
ED	C	0.53%
CHD	D	0.53%
AFL	A	0.53%
STZ	D	0.53%
PPG	D	0.53%
SO	A	0.53%
FE	C	0.52%
WELL	C	0.52%
WM	B	0.52%
WEC	B	0.51%
REGN	D	0.51%
BRO	A	0.51%
AVB	C	0.51%
GIS	C	0.51%
ECL	C	0.51%
DGX	D	0.5%
ABT	C	0.5%
DOW	B	0.5%
EVRG	C	0.49%
CBOE	B	0.47%
PANW	B	0.47%
ELV	F	0.47%
SHW	C	0.45%
MCK	F	0.4%
ZTS	C	0.38%
ADSK	B	0.34%
EMR	B	0.33%
MCO	D	0.32%
IT	A	0.27%
GWW	B	0.24%
CMI	A	0.23%
FAST	C	0.23%
IDXX	D	0.22%
ROST	D	0.22%
ACGL	A	0.21%
LEN	C	0.21%
TEL	D	0.21%
GEHC	C	0.2%
KVUE	C	0.2%
A	B	0.19%
VRSK	D	0.19%
MLM	F	0.18%
ROK	D	0.17%
EBAY	A	0.16%
CTSH	B	0.16%
DD	C	0.15%
CDW	D	0.14%
LULU	D	0.14%
ADM	F	0.13%
BALL	C	0.13%
K	B	0.12%
KEYS	B	0.12%
DECK	B	0.12%
VLTO	A	0.12%
TROW	D	0.11%
BLDR	C	0.11%
STE	D	0.1%
EXPD	D	0.1%
ULTA	D	0.1%
BAX	D	0.1%
CLX	C	0.1%
EG	A	0.08%
JBL	C	0.08%
SWKS	F	0.07%
JKHY	A	0.06%
AOS	C	0.06%
FFIV	B	0.06%
APA	F	0.05%
BWA	C	0.05%
PAYC	D	0.04%
RL	B	0.04%
SOLV	C	0.04%

PALC Underweight 295 Positions Relative to CLSE

Symbol	Grade	Weight
NVDA	B	-3.84%
META	A	-3.31%
GOOGL	B	-3.08%
AMZN	C	-2.37%
HPE	B	-2.06%
ANET	A	-1.93%
CVNA	A	-1.82%
NTAP	D	-1.74%
CVLT	B	-1.65%
ORCL	A	-1.46%
APP	A	-1.45%
IBM	A	-1.43%
GDDY	B	-1.41%
DOCU	A	-1.4%
GOOG	B	-1.26%
HD	A	-1.22%
IDCC	A	-1.17%
ACIW	A	-1.16%
PYPL	A	-1.07%
MU	D	-1.05%
T	B	-1.01%
AMG	B	-1.0%
SNEX	B	-1.0%
JHG	A	-0.97%
NTNX	C	-0.95%
AVT	B	-0.95%
SYF	A	-0.94%
HALO	D	-0.94%
BMY	A	-0.92%
GILD	A	-0.91%
NTRS	B	-0.89%
THC	D	-0.86%
EME	B	-0.86%
DVA	C	-0.83%
AMRX	B	-0.83%
OGN	F	-0.83%
BAC	B	-0.8%
MLI	B	-0.78%
UHS	D	-0.78%
SEIC	B	-0.77%
PPC	C	-0.77%
BFH	D	-0.74%
TSLA	C	-0.74%
FTDR	B	-0.73%
JXN	A	-0.71%
NRG	A	-0.69%
BG	F	-0.69%
COR	F	-0.68%
IIPR	C	-0.67%
ADMA	A	-0.67%
IESC	A	-0.66%
GVA	A	-0.65%
LNG	A	-0.65%
UMBF	C	-0.63%
FITB	C	-0.61%
PATK	A	-0.61%
PNC	C	-0.59%
XOM	A	-0.59%
RF	B	-0.59%
MWA	A	-0.58%
WFC	B	-0.58%
CAH	B	-0.58%
SLVM	C	-0.58%
MTZ	A	-0.57%
VST	A	-0.56%
PRIM	A	-0.56%
MATX	C	-0.56%
DVN	F	-0.55%
REZI	D	-0.55%
AVA	D	-0.55%
RTX	A	-0.54%
NEE	C	-0.54%
TSN	D	-0.53%
NEM	C	-0.52%
STRL	B	-0.52%
OSCR	C	-0.52%
RGA	B	-0.52%
GM	D	-0.51%
EXPE	B	-0.5%
MRK	F	-0.5%
PNW	C	-0.48%
CNA	D	-0.47%
ATGE	D	-0.47%
LNTH	C	-0.46%
LDOS	A	-0.45%
CVX	B	-0.45%
EXP	C	-0.44%
CACI	A	-0.44%
SCCO	B	-0.44%
VRT	B	-0.42%
EQR	C	-0.41%
RGLD	C	-0.41%
SPG	A	-0.4%
ACT	B	-0.39%
CFG	C	-0.39%
EEFT	F	-0.39%
FCX	B	-0.38%
MUSA	D	-0.38%
LAMR	C	-0.36%
ALSN	A	-0.35%
CTRE	C	-0.35%
NSA	D	-0.35%
IBP	C	-0.34%
TOL	C	-0.34%
KBH	D	-0.32%
J	F	-0.32%
STAG	D	-0.32%
ABM	D	-0.32%
SM	D	-0.31%
BCO	C	-0.31%
AMGN	D	-0.28%
GLW	C	-0.28%
OUT	C	-0.27%
BKNG	B	-0.26%
ALNY	C	-0.25%
CCL	C	-0.25%
JLL	C	-0.25%
ASPN	C	-0.25%
ANF	D	-0.24%
CVS	D	-0.19%
CPNG	C	-0.18%
KR	C	-0.16%
NTRA	A	-0.15%
SPOT	C	-0.14%
GRMN	D	-0.09%
QQQ	B	-0.0%
ADUS	D	-0.0%
MHO	C	-0.0%
VTRS	D	-0.0%
KNF	B	-0.0%
MRO	B	-0.0%
HRB	C	-0.0%
JOBY	C	--0.04%
CAR	D	--0.06%
PENN	D	--0.07%
PGNY	F	--0.08%
AES	C	--0.08%
MCW	F	--0.09%
CZR	B	--0.09%
BRKR	D	--0.09%
MASI	B	--0.09%
NXST	D	--0.09%
AGL	F	--0.1%
DRVN	C	--0.1%
VAC	D	--0.1%
LGIH	C	--0.1%
HGV	F	--0.1%
AWR	B	--0.1%
HHH	C	--0.11%
ACVA	C	--0.11%
SBUX	B	--0.11%
SJM	D	--0.12%
ALIT	D	--0.12%
JBLU	B	--0.13%
RBLX	D	--0.13%
PCH	C	--0.14%
PPBI	D	--0.14%
MTN	D	--0.14%
EXR	D	--0.15%
MKL	B	--0.15%
KRG	C	--0.15%
COLD	D	--0.15%
DAY	C	--0.15%
AA	B	--0.15%
BIRK	F	--0.15%
PYCR	D	--0.15%
WAL	C	--0.16%
THO	C	--0.16%
WY	C	--0.16%
CC	D	--0.16%
WTRG	D	--0.16%
CHDN	C	--0.16%
OSK	F	--0.17%
AESI	B	--0.17%
ENOV	F	--0.17%
UHAL	C	--0.17%
ALGM	F	--0.17%
BEAM	F	--0.17%
KNSL	B	--0.18%
LUV	B	--0.18%
CHK	C	--0.18%
NTLA	F	--0.18%
TXG	F	--0.18%
VNO	B	--0.18%
HI	F	--0.18%
TFC	D	--0.19%
TTD	A	--0.19%
PNFP	B	--0.19%
LKQ	F	--0.19%
XPO	F	--0.19%
CGON	C	--0.19%
CACC	F	--0.2%
ELF	F	--0.2%
SOFI	C	--0.2%
BE	F	--0.2%
AVAV	B	--0.2%
APD	C	--0.2%
GTLS	D	--0.2%
KROS	C	--0.2%
CNH	C	--0.2%
GATX	F	--0.2%
BANC	D	--0.2%
GPOR	B	--0.21%
COLB	C	--0.21%
EW	F	--0.21%
IRTC	F	--0.21%
MSCI	B	--0.21%
AGCO	D	--0.21%
TREX	D	--0.21%
AIR	C	--0.21%
FLYW	F	--0.22%
WOLF	F	--0.22%
COTY	F	--0.22%
RBA	D	--0.22%
XYL	C	--0.22%
FCNCA	D	--0.22%
WTM	C	--0.22%
UEC	C	--0.22%
ARWR	F	--0.22%
DXCM	F	--0.23%
KLIC	D	--0.23%
EL	D	--0.23%
SW	C	--0.24%
RNR	A	--0.24%
SUM	F	--0.24%
BIO	B	--0.24%
AEIS	B	--0.25%
CNX	A	--0.26%
AL	D	--0.26%
C	B	--0.26%
EQT	C	--0.27%
SITE	D	--0.27%
ALB	D	--0.27%
PEN	D	--0.27%
ROIV	D	--0.27%
GMED	B	--0.28%
LW	D	--0.28%
D	A	--0.29%
CELH	F	--0.29%
MRNA	F	--0.3%
PSA	C	--0.3%
NEOG	F	--0.3%
PTEN	F	--0.3%
GT	F	--0.3%
APLS	F	--0.31%
VVV	D	--0.31%
ENPH	F	--0.32%
EVTC	D	--0.32%
INSP	C	--0.32%
AUR	C	--0.34%
FDS	C	--0.34%
ON	F	--0.34%
MARA	F	--0.34%
NDAQ	C	--0.35%
AFRM	C	--0.35%
BRZE	F	--0.36%
APO	A	--0.36%
LPLA	D	--0.37%
BA	F	--0.37%
FOUR	A	--0.37%
EXAS	C	--0.38%
LYV	A	--0.38%
RIVN	F	--0.38%
ZBRA	B	--0.39%
RIOT	F	--0.39%
PATH	D	--0.4%
CYTK	D	--0.41%
WBD	F	--0.42%
SATS	C	--0.43%
BBIO	F	--0.43%
ZI	F	--0.44%
MDB	D	--0.44%
GLOB	D	--0.45%
DLTR	F	--0.45%
CGNX	F	--0.45%
CCOI	B	--0.45%
DV	F	--0.46%
CASY	D	--0.47%
TTWO	D	--0.47%
BILL	D	--0.48%
LBRDK	C	--0.48%
PINS	D	--0.49%
CFLT	F	--0.51%
FIVE	D	--0.52%
FIVN	F	--0.53%
U	D	--0.53%
RH	C	--0.54%
DELL	C	--0.6%
FND	C	--0.64%
GFS	F	--0.67%
LITE	A	--0.79%
INTC	D	--0.8%
WDC	C	--0.8%
LSCC	D	--0.81%
TXN	C	--0.85%