PWS vs. NACP ETF Comparison

Comparison of Pacer WealthShield ETF (PWS) to Impact Shares NAACP Minority Empowerment ETF (NACP)

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

$31.23

Average Daily Volume

1,845

Number of Holdings ^*

217

* may have additional holdings in another (foreign) market

NACP

Impact Shares NAACP Minority Empowerment ETF

NACP Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar Minority Empowerment Index (the underlying index). The fund will, under normal circumstances, invest at least 80% of its total assets, plus borrowings for investment purposes (the "80% basket") in component securities of the underlying index ("Component Securities"). The underlying index is designed to measure the performance of large and mid- capitalization companies that are "empowering to minorities," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.72

Average Daily Volume

3,518

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	PWS	NACP
30 Days	4.72%	2.08%
60 Days	-1.94%	4.48%
90 Days	1.22%	6.57%
12 Months	21.11%	32.92%

71 Overlapping Holdings

Symbol	Grade	Weight in PWS	Weight in NACP	Overlap
AAPL	C	4.27%	5.03%	4.27%
ACN	C	0.27%	3.58%	0.27%
ADM	D	0.18%	0.11%	0.11%
AEP	D	0.84%	0.19%	0.19%
AES	F	0.15%	0.05%	0.05%
AMZN	C	7.58%	4.47%	4.47%
APTV	D	0.06%	0.08%	0.06%
AVB	B	0.57%	0.11%	0.11%
BG	F	0.09%	0.05%	0.05%
BWA	D	0.03%	0.03%	0.03%
CCI	D	0.8%	0.18%	0.18%
CLX	B	0.15%	0.07%	0.07%
CMS	C	0.33%	0.07%	0.07%
CPB	D	0.06%	0.04%	0.04%
D	C	0.79%	0.18%	0.18%
DELL	C	0.05%	0.54%	0.05%
DOC	D	0.26%	0.06%	0.06%
DTE	C	0.41%	0.08%	0.08%
DUK	C	1.43%	0.32%	0.32%
EBAY	D	0.12%	0.11%	0.11%
ED	D	0.55%	0.12%	0.12%
EIX	B	0.54%	0.11%	0.11%
EQIX	A	1.54%	0.29%	0.29%
ES	D	0.36%	0.08%	0.08%
ETR	B	0.53%	0.08%	0.08%
EXC	C	0.63%	0.15%	0.15%
F	C	0.17%	0.15%	0.15%
FE	C	0.35%	0.08%	0.08%
GM	B	0.24%	0.18%	0.18%
HLT	A	0.24%	0.17%	0.17%
HPQ	B	0.04%	0.62%	0.04%
HRL	D	0.06%	0.03%	0.03%
HSY	F	0.18%	0.1%	0.1%
IBM	C	0.24%	3.08%	0.24%
INTC	D	0.12%	1.52%	0.12%
K	A	0.15%	0.07%	0.07%
KHC	F	0.19%	0.12%	0.12%
KO	D	1.72%	0.99%	0.99%
KR	B	0.27%	0.13%	0.13%
LNT	A	0.26%	0.05%	0.05%
LOW	D	0.6%	0.51%	0.51%
MAR	B	0.26%	0.19%	0.19%
MDLZ	F	0.61%	0.36%	0.36%
MSFT	F	3.79%	4.63%	3.79%
MU	D	0.13%	1.75%	0.13%
NEE	D	2.58%	0.66%	0.66%
NI	A	0.27%	0.05%	0.05%
NKE	D	0.35%	0.36%	0.35%
NRG	B	0.32%	0.07%	0.07%
NVDA	C	4.4%	4.9%	4.4%
PANW	C	0.15%	1.81%	0.15%
PCG	A	0.74%	0.09%	0.09%
PEG	A	0.74%	0.14%	0.14%
PEP	F	1.54%	0.92%	0.92%
PLD	D	1.88%	0.42%	0.42%
PPL	B	0.41%	0.08%	0.08%
QCOM	F	0.21%	3.18%	0.21%
RCL	A	0.22%	0.12%	0.12%
REG	B	0.21%	0.04%	0.04%
SBAC	D	0.42%	0.08%	0.08%
SJM	D	0.08%	0.05%	0.05%
SO	D	1.57%	0.35%	0.35%
SRE	A	0.96%	0.18%	0.18%
TAP	C	0.07%	0.03%	0.03%
TSLA	B	3.8%	2.22%	2.22%
TSN	B	0.13%	0.07%	0.07%
VST	B	0.87%	0.11%	0.11%
WBA	F	0.04%	0.03%	0.03%
WEC	A	0.51%	0.1%	0.1%
WMT	A	2.67%	0.73%	0.73%
XEL	A	0.64%	0.12%	0.12%

PWS Overweight 146 Positions Relative to NACP

Symbol	Grade	Weight
COST	B	2.9%
PG	A	2.84%
AMT	D	1.66%
HD	A	1.59%
PM	B	1.43%
WELL	A	1.41%
CEG	D	1.2%
DLR	B	1.01%
SPG	B	0.98%
PSA	D	0.93%
AVGO	D	0.93%
O	D	0.88%
MCD	D	0.84%
CBRE	B	0.7%
MO	A	0.68%
BKNG	A	0.68%
EXR	D	0.62%
VICI	C	0.6%
IRM	D	0.6%
CSGP	D	0.55%
CL	D	0.54%
TJX	A	0.54%
VTR	C	0.47%
EQR	B	0.45%
SBUX	A	0.45%
AWK	D	0.44%
TGT	F	0.4%
AEE	A	0.4%
CRM	B	0.39%
WY	D	0.39%
ORCL	B	0.37%
ATO	A	0.37%
INVH	D	0.34%
ESS	B	0.34%
MAA	B	0.33%
CNP	B	0.33%
KVUE	A	0.32%
CMG	B	0.32%
KMB	D	0.32%
KIM	A	0.3%
ARE	D	0.29%
ORLY	B	0.28%
CSCO	B	0.28%
ADBE	C	0.27%
AMD	F	0.27%
KDP	D	0.26%
NOW	A	0.26%
STZ	D	0.26%
MNST	C	0.26%
GIS	D	0.25%
SYY	B	0.25%
ABNB	C	0.24%
EVRG	A	0.24%
UDR	B	0.23%
TXN	C	0.22%
INTU	C	0.22%
CPT	B	0.22%
AZO	C	0.21%
HST	C	0.21%
BXP	D	0.2%
DHI	D	0.19%
CHD	B	0.19%
ROST	C	0.18%
PNW	B	0.17%
AMAT	F	0.17%
LEN	D	0.16%
YUM	B	0.15%
FRT	B	0.15%
PLTR	B	0.15%
MKC	D	0.14%
LULU	C	0.14%
GRMN	B	0.13%
ADI	D	0.13%
TSCO	D	0.12%
ANET	C	0.12%
PHM	D	0.11%
DECK	A	0.11%
EL	F	0.11%
LRCX	F	0.11%
DG	F	0.11%
CRWD	B	0.1%
SNPS	B	0.1%
CCL	B	0.1%
MSI	B	0.1%
KLAC	D	0.1%
CDNS	B	0.1%
APH	A	0.1%
EXPE	B	0.09%
DLTR	F	0.09%
NVR	D	0.09%
CAG	D	0.09%
DRI	B	0.08%
LW	C	0.08%
ADSK	A	0.08%
ULTA	F	0.07%
GPC	D	0.07%
BBY	D	0.07%
NXPI	D	0.07%
FICO	B	0.07%
LVS	C	0.07%
ROP	B	0.07%
FTNT	C	0.07%
DPZ	C	0.06%
NCLH	B	0.05%
CTSH	B	0.05%
KMX	B	0.05%
IT	C	0.05%
TPR	B	0.05%
POOL	C	0.05%
KEYS	A	0.04%
ANSS	B	0.04%
LKQ	D	0.04%
MCHP	D	0.04%
GLW	B	0.04%
WDC	D	0.03%
TDY	B	0.03%
PTC	A	0.03%
MHK	D	0.03%
CDW	F	0.03%
TYL	B	0.03%
NTAP	C	0.03%
HAS	D	0.03%
GDDY	A	0.03%
CZR	F	0.03%
RL	B	0.03%
HPE	B	0.03%
MPWR	F	0.03%
WYNN	D	0.03%
MGM	D	0.03%
ON	D	0.03%
SMCI	F	0.02%
SWKS	F	0.02%
AKAM	D	0.02%
EPAM	C	0.02%
FFIV	B	0.02%
JBL	B	0.02%
VRSN	F	0.02%
GEN	B	0.02%
TER	D	0.02%
TRMB	B	0.02%
FSLR	F	0.02%
ZBRA	B	0.02%
STX	D	0.02%
QRVO	F	0.01%
ENPH	F	0.01%
JNPR	F	0.01%

PWS Underweight 126 Positions Relative to NACP

Symbol	Grade	Weight
META	D	-3.63%
GOOGL	C	-2.41%
JPM	A	-2.39%
UBER	D	-2.29%
VZ	C	-2.26%
GOOG	C	-2.16%
XOM	B	-2.0%
UNH	C	-1.95%
V	A	-1.53%
JNJ	D	-1.44%
MA	C	-1.4%
ABBV	D	-1.22%
CVX	A	-1.04%
MRK	F	-1.03%
BAC	A	-0.99%
TMO	F	-0.83%
ABT	B	-0.69%
GE	D	-0.69%
DHR	F	-0.64%
PFE	D	-0.62%
AXP	A	-0.56%
UNP	C	-0.56%
SPGI	C	-0.55%
COP	C	-0.49%
ELV	F	-0.47%
MS	A	-0.47%
HON	B	-0.46%
C	A	-0.45%
EA	A	-0.45%
T	A	-0.45%
ETN	A	-0.44%
MDT	D	-0.42%
BSX	B	-0.41%
ADP	B	-0.4%
BA	F	-0.38%
MELI	D	-0.38%
CI	F	-0.37%
DE	A	-0.36%
BMY	B	-0.35%
UPS	C	-0.35%
GILD	C	-0.35%
SCHW	B	-0.33%
TT	A	-0.29%
NOC	D	-0.29%
PNC	B	-0.27%
CVS	D	-0.27%
PYPL	B	-0.27%
ITW	B	-0.27%
MMM	D	-0.26%
MCO	B	-0.26%
FDX	B	-0.25%
FCX	D	-0.25%
AON	A	-0.24%
CSX	B	-0.24%
MPC	D	-0.23%
BDX	F	-0.23%
PSX	C	-0.22%
TFC	A	-0.22%
NEM	D	-0.22%
EMR	A	-0.22%
ECL	D	-0.21%
NSC	B	-0.2%
WMB	A	-0.19%
OKE	A	-0.18%
TRV	B	-0.18%
URI	B	-0.18%
MET	A	-0.17%
BK	A	-0.17%
VLO	C	-0.17%
JCI	C	-0.17%
LNG	B	-0.16%
IPG	D	-0.16%
LHX	C	-0.16%
KMI	A	-0.15%
HES	B	-0.15%
CMI	A	-0.15%
EW	C	-0.15%
DD	D	-0.14%
A	D	-0.14%
HWM	A	-0.14%
OTIS	C	-0.13%
AME	A	-0.13%
VRSK	A	-0.13%
VMC	B	-0.12%
IR	B	-0.12%
MLM	B	-0.12%
ROK	B	-0.11%
RMD	C	-0.11%
XYL	D	-0.11%
DVN	F	-0.1%
PPG	F	-0.1%
BIIB	F	-0.1%
TROW	B	-0.09%
IFF	D	-0.09%
DAL	C	-0.09%
SYF	B	-0.08%
NDAQ	A	-0.08%
LII	A	-0.07%
EXPD	D	-0.07%
BAH	F	-0.07%
BAX	D	-0.07%
LH	C	-0.07%
ILMN	D	-0.07%
HBAN	A	-0.07%
RF	A	-0.07%
SWK	D	-0.06%
LUV	C	-0.06%
DGX	A	-0.06%
HUBB	B	-0.06%
TXT	D	-0.06%
AMH	D	-0.05%
OC	A	-0.05%
ACM	A	-0.05%
NDSN	B	-0.05%
UAL	A	-0.05%
JBHT	C	-0.05%
CF	B	-0.05%
LECO	B	-0.04%
TFX	F	-0.04%
ALB	C	-0.04%
EMN	D	-0.04%
USFD	A	-0.04%
SCCO	F	-0.03%
PFG	D	-0.03%
MOS	F	-0.03%
CNH	C	-0.03%