QVAL vs. COWZ ETF Comparison

Comparison of ValueShares U.S. Quantitative Value ETF (QVAL) to Pacer US Cash Cows 100 ETF (COWZ)

QVAL

ValueShares U.S. Quantitative Value ETF

QVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily in U.S. equity securities that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of U.S. companies. It will invest primarily in the exchange-listed common stock of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.73

Average Daily Volume

18,437

Number of Holdings ^*

* may have additional holdings in another (foreign) market

COWZ

Pacer US Cash Cows 100 ETF

COWZ Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer US Small Cap Cash Cows Index (the "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 the index. The index uses an objective, rules-based methodology to provide exposure to small-capitalization U.S. companies with high free cash flow yields. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$60.78

Average Daily Volume

1,554,350

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QVAL	COWZ
30 Days	4.01%	6.35%
60 Days	2.30%	5.48%
90 Days	4.43%	5.59%
12 Months	26.73%	22.91%

17 Overlapping Holdings

Symbol	Grade	Weight in QVAL	Weight in COWZ	Overlap
ALSN	B	2.14%	0.77%	0.77%
CRI	D	1.85%	0.23%	0.23%
CROX	D	1.7%	0.54%	0.54%
FOXA	B	2.12%	1.4%	1.4%
FTI	A	2.15%	0.78%	0.78%
HPQ	B	2.0%	2.06%	2.0%
HRB	D	1.96%	0.52%	0.52%
JBL	B	2.02%	1.09%	1.09%
LEN	D	1.92%	1.74%	1.74%
MAT	D	1.78%	0.68%	0.68%
MO	A	2.19%	1.95%	1.95%
SNA	A	2.1%	1.25%	1.25%
TAP	C	2.18%	1.24%	1.24%
TPR	B	2.28%	1.33%	1.33%
UTHR	C	1.98%	0.76%	0.76%
WFRD	D	2.07%	0.46%	0.46%
WSM	B	1.97%	1.08%	1.08%

QVAL Overweight 33 Positions Relative to COWZ

Symbol	Grade	Weight
BKR	B	2.26%
UAL	A	2.22%
HES	B	2.14%
LRN	A	2.12%
GTES	A	2.11%
DAL	C	2.1%
TGT	F	2.07%
URBN	C	2.06%
SM	B	2.06%
ANF	C	2.05%
SIG	B	2.02%
CTSH	B	2.02%
TOL	B	2.01%
MHK	D	2.0%
CMCSA	B	1.99%
MMM	D	1.99%
TEX	D	1.99%
CAT	B	1.97%
CVS	D	1.95%
GPK	C	1.95%
BBY	D	1.94%
DKS	C	1.94%
CNH	C	1.9%
ELV	F	1.9%
THC	D	1.89%
OMC	C	1.89%
LYB	F	1.88%
CNC	D	1.87%
FCX	D	1.87%
UHS	D	1.87%
IPG	D	1.8%
MOH	F	1.76%
ASO	F	1.76%

QVAL Underweight 82 Positions Relative to COWZ

Symbol	Grade	Weight
HPE	B	-2.27%
EXPE	B	-2.27%
BMY	B	-2.17%
CVX	A	-2.16%
ABNB	C	-2.15%
EOG	A	-2.11%
T	A	-2.04%
GEN	B	-1.99%
COP	C	-1.99%
VLO	C	-1.99%
CAH	B	-1.99%
HAL	C	-1.98%
NUE	C	-1.97%
QCOM	F	-1.93%
COR	B	-1.92%
FANG	D	-1.88%
MPC	D	-1.79%
DVN	F	-1.74%
ZM	B	-1.68%
ADM	D	-1.65%
MRO	B	-1.65%
BLDR	D	-1.41%
DINO	D	-1.4%
OC	A	-1.39%
MTZ	B	-1.21%
CLF	F	-1.13%
OVV	B	-1.13%
CAG	D	-1.1%
SWKS	F	-1.09%
TWLO	A	-1.07%
PPC	C	-1.05%
GAP	C	-1.04%
DOCU	A	-1.01%
WCC	B	-0.97%
JAZZ	B	-0.95%
ARW	D	-0.93%
ADTN	A	-0.91%
SMG	D	-0.91%
RL	B	-0.91%
DXC	B	-0.9%
INGR	B	-0.86%
SNX	C	-0.79%
DBX	B	-0.78%
AGCO	D	-0.77%
CNM	D	-0.72%
PVH	C	-0.66%
MTCH	D	-0.65%
BWA	D	-0.62%
CHRD	D	-0.62%
SKX	D	-0.61%
MIDD	C	-0.6%
AM	A	-0.59%
COLM	B	-0.57%
DDS	B	-0.55%
DOX	D	-0.55%
ETSY	D	-0.54%
AYI	B	-0.54%
HOG	D	-0.53%
SEE	C	-0.52%
KSS	F	-0.51%
THO	B	-0.5%
LPX	B	-0.49%
LYFT	C	-0.48%
LEA	D	-0.46%
NEU	C	-0.4%
QRVO	F	-0.39%
AMKR	D	-0.37%
RNG	B	-0.36%
UAA	C	-0.36%
ZI	D	-0.35%
PLTK	B	-0.34%
CRUS	D	-0.32%
MSM	C	-0.29%
NVST	B	-0.28%
ASH	D	-0.26%
LEG	F	-0.24%
TDC	D	-0.23%
MAN	D	-0.21%
PINC	B	-0.2%
IPGP	D	-0.19%
FTRE	D	-0.18%
TRIP	F	-0.1%