PTEU vs. FENI ETF Comparison

Comparison of Pacer TrendpilotTM European Index ETF (PTEU) to Fidelity Enhanced International ETF (FENI)

PTEU

Pacer TrendpilotTM European Index ETF

PTEU Description

The investment seeks to track the total return performance of the Pacer Trendpilot European Index. Normally the fund will invest at least 80% of its total assets in the component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index uses an objective, rules-based methodology to implement a systematic trend-following strategy that directs exposure (i) 100% to the FTSE Eurobloc Index, (ii) 50% to the FTSE Eurobloc Index and 50% to 3-Month US Treasury bills, or (iii) 100% to 3-Month US Treasury bills. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.11

Average Daily Volume

2,299

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FENI

Fidelity Enhanced International ETF

FENI Description

The fund will normally invest at least 80% of assets in common stocks included in the MSCI EAFE Index, which is a market capitalization-weighted index that is designed to measure the investable equity market performance for global investors in developed markets, excluding the U.S. & Canada. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index.

Grade (RS Rating)

Last Trade

$27.98

Average Daily Volume

176,229

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PTEU	FENI
30 Days	-5.19%	-2.98%
60 Days	-7.61%	-6.08%
90 Days	-8.32%	-6.11%
12 Months	3.63%	13.19%

4 Overlapping Holdings

Symbol	Grade	Weight in PTEU	Weight in FENI	Overlap
BBVA	F	0.99%	0.14%	0.14%
NOK	D	0.42%	0.21%	0.21%
QGEN	D	0.17%	0.53%	0.17%
SNY	F	1.91%	0.28%	0.28%

PTEU Overweight 10 Positions Relative to FENI

Symbol	Grade	Weight
ASML	F	4.98%
SAP	B	4.62%
TTE	F	2.24%
SAN	F	1.28%
BUD	F	0.93%
ING	F	0.91%
ARGX	A	0.65%
E	F	0.6%
STLA	F	0.5%
TS	B	0.15%

PTEU Underweight 27 Positions Relative to FENI

Symbol	Grade	Weight
NVS	D	-1.58%
SONY	B	-1.21%
HSBH	B	-1.06%
SE	B	-0.79%
ABBV	D	-0.79%
BTI	B	-0.76%
NMR	B	-0.66%
WIX	B	-0.58%
MUFG	B	-0.57%
TM	D	-0.56%
UL	D	-0.56%
GSK	F	-0.48%
UL	D	-0.48%
RIO	D	-0.48%
HSBC	B	-0.42%
VOD	F	-0.3%
ABBV	D	-0.28%
RELX	C	-0.23%
GMAB	F	-0.22%
LYG	F	-0.12%
BCS	C	-0.12%
NVS	D	-0.12%
NWG	C	-0.11%
AZN	D	-0.08%
LOGI	D	-0.07%
SMFG	B	-0.03%
CCEP	C	-0.02%