QVMM vs. PAMC ETF Comparison

Comparison of Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) to Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC)

QVMM

Invesco S&P MidCap 400 QVM Multi-factor ETF

QVMM Description

The investment seeks to track the investment results of the S&P MidCap 400 Â® Quality, Value & Momentum Top 90% Multi- Factor Index (the âunderlying indexâ). The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P MidCap 400 Â® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.95

Average Daily Volume

1,061

Number of Holdings ^*

351

* may have additional holdings in another (foreign) market

PAMC

Pacer Lunt MidCap Multi-Factor Alternator ETF

PAMC Description

The investment seeks to track the total return performance, before fees and expenses, of the Lunt Capital U.S. MidCap 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 mid-capitalization U.S. companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$50.79

Average Daily Volume

10,720

Number of Holdings ^*

136

* may have additional holdings in another (foreign) market

Performance

Period	QVMM	PAMC
30 Days	7.21%	8.98%
60 Days	7.30%	7.87%
90 Days	8.34%	9.39%
12 Months	33.49%	43.60%

134 Overlapping Holdings

Symbol	Grade	Weight in QVMM	Weight in PAMC	Overlap
ACM	A	0.55%	0.57%	0.55%
ADC	B	0.26%	0.74%	0.26%
AFG	A	0.33%	0.71%	0.33%
AIT	A	0.38%	0.65%	0.38%
ALE	A	0.13%	0.72%	0.13%
ALLY	C	0.45%	0.47%	0.45%
AM	A	0.19%	0.9%	0.19%
AMG	B	0.22%	0.83%	0.22%
AMH	D	0.43%	0.68%	0.43%
ANF	C	0.28%	0.7%	0.28%
ARMK	B	0.35%	0.54%	0.35%
ATR	B	0.4%	0.79%	0.4%
AYI	B	0.35%	0.55%	0.35%
BCO	D	0.15%	0.25%	0.15%
BKH	A	0.15%	0.62%	0.15%
BLD	D	0.42%	0.61%	0.42%
BRBR	A	0.33%	0.46%	0.33%
BRX	A	0.31%	0.63%	0.31%
BWXT	B	0.45%	0.6%	0.45%
CACI	D	0.38%	1.1%	0.38%
CASY	A	0.53%	0.89%	0.53%
CBSH	A	0.31%	0.56%	0.31%
CBT	C	0.22%	0.3%	0.22%
CDP	C	0.12%	0.59%	0.12%
CHE	D	0.3%	0.59%	0.3%
CLH	B	0.45%	0.67%	0.45%
CNM	D	0.33%	0.53%	0.33%
CNO	A	0.16%	0.2%	0.16%
COKE	C	0.22%	0.54%	0.22%
COLM	B	0.09%	0.52%	0.09%
CR	A	0.34%	0.6%	0.34%
CRUS	D	0.2%	0.29%	0.2%
CSL	C	0.77%	1.13%	0.77%
CVLT	B	0.28%	0.62%	0.28%
CW	B	0.52%	1.8%	0.52%
DCI	B	0.33%	0.69%	0.33%
DLB	B	0.18%	0.68%	0.18%
DTM	B	0.37%	1.57%	0.37%
EGP	F	0.29%	0.63%	0.29%
EHC	B	0.36%	1.23%	0.36%
EME	C	0.88%	1.83%	0.88%
EPR	D	0.12%	0.65%	0.12%
EQH	B	0.55%	1.02%	0.55%
ESAB	B	0.26%	0.36%	0.26%
ESNT	D	0.22%	0.88%	0.22%
EVR	B	0.4%	1.07%	0.4%
EWBC	A	0.56%	0.73%	0.56%
EXP	A	0.37%	0.5%	0.37%
FHI	A	0.12%	0.64%	0.12%
FIX	A	0.64%	1.11%	0.64%
FLO	D	0.15%	0.64%	0.15%
FLR	B	0.36%	0.43%	0.36%
FLS	B	0.31%	0.94%	0.31%
FNF	B	0.56%	1.47%	0.56%
FR	C	0.25%	0.59%	0.25%
GAP	C	0.18%	0.3%	0.18%
GGG	B	0.54%	0.71%	0.54%
GLPI	C	0.48%	0.76%	0.48%
GNTX	C	0.26%	0.59%	0.26%
HLI	B	0.36%	1.32%	0.36%
HRB	D	0.28%	0.66%	0.28%
IBKR	A	0.75%	1.03%	0.75%
IBOC	A	0.14%	0.19%	0.14%
IDA	A	0.21%	0.75%	0.21%
INGR	B	0.33%	0.7%	0.33%
ITT	A	0.47%	0.7%	0.47%
JEF	A	0.48%	1.54%	0.48%
JHG	A	0.21%	0.82%	0.21%
JLL	D	0.44%	0.58%	0.44%
KBH	D	0.21%	0.3%	0.21%
KD	B	0.24%	0.4%	0.24%
KEX	C	0.28%	0.47%	0.28%
KNF	A	0.2%	0.39%	0.2%
KRG	B	0.21%	0.59%	0.21%
LII	A	0.74%	1.28%	0.74%
LNW	D	0.29%	0.45%	0.29%
LOPE	B	0.17%	0.25%	0.17%
LSTR	D	0.23%	0.57%	0.23%
MMS	F	0.18%	0.54%	0.18%
MORN	B	0.32%	1.04%	0.32%
MSA	D	0.24%	0.66%	0.24%
MTG	C	0.24%	1.03%	0.24%
MUSA	A	0.35%	0.78%	0.35%
NBIX	C	0.46%	0.59%	0.46%
NEU	C	0.13%	0.55%	0.13%
NFG	A	0.2%	0.64%	0.2%
NJR	A	0.17%	0.69%	0.17%
NNN	D	0.27%	0.72%	0.27%
NVT	B	0.47%	0.51%	0.47%
NWE	B	0.12%	0.65%	0.12%
NYT	C	0.31%	0.98%	0.31%
OGE	B	0.3%	0.75%	0.3%
OGS	A	0.15%	0.6%	0.15%
OHI	C	0.35%	0.65%	0.35%
OLED	D	0.24%	0.35%	0.24%
ORI	A	0.35%	1.18%	0.35%
PFGC	B	0.48%	0.53%	0.48%
PNM	F	0.15%	0.7%	0.15%
POR	C	0.17%	0.65%	0.17%
POST	C	0.2%	0.97%	0.2%
PPC	C	0.09%	0.18%	0.09%
PRI	A	0.38%	0.62%	0.38%
PSTG	D	0.58%	0.67%	0.58%
R	B	0.27%	0.33%	0.27%
RGA	A	0.56%	1.99%	0.56%
RLI	B	0.26%	0.72%	0.26%
RPM	A	0.6%	0.59%	0.59%
RYAN	B	0.26%	0.4%	0.26%
SBRA	C	0.14%	0.81%	0.14%
SEIC	B	0.29%	0.73%	0.29%
SF	B	0.44%	1.27%	0.44%
SFM	A	0.53%	1.42%	0.53%
SLGN	A	0.16%	0.61%	0.16%
SLM	A	0.2%	0.26%	0.2%
SNX	C	0.35%	0.52%	0.35%
SON	D	0.18%	0.63%	0.18%
SR	A	0.14%	0.68%	0.14%
STAG	F	0.24%	0.6%	0.24%
STWD	C	0.22%	0.56%	0.22%
THC	D	0.55%	1.13%	0.55%
THG	A	0.21%	0.67%	0.21%
TOL	B	0.58%	1.01%	0.58%
TPL	A	1.05%	1.47%	1.05%
TXRH	C	0.47%	0.97%	0.47%
UMBF	B	0.19%	0.26%	0.19%
UNM	A	0.48%	0.57%	0.48%
USFD	A	0.54%	0.58%	0.54%
VOYA	B	0.27%	0.6%	0.27%
WING	D	0.34%	0.97%	0.34%
WPC	D	0.42%	0.6%	0.42%
WSM	B	0.8%	1.86%	0.8%
WTRG	B	0.35%	0.56%	0.35%
WU	D	0.13%	0.58%	0.13%
XPO	B	0.67%	0.84%	0.67%

QVMM Overweight 217 Positions Relative to PAMC

Symbol	Grade	Weight
RS	B	0.67%
OC	A	0.63%
RBA	A	0.62%
WSO	A	0.62%
BURL	A	0.61%
UTHR	C	0.6%
MANH	D	0.58%
RNR	C	0.5%
COHR	B	0.5%
AVTR	F	0.47%
DKS	C	0.46%
RRX	B	0.46%
SAIA	B	0.45%
OVV	B	0.45%
LECO	B	0.45%
BMRN	D	0.45%
SCI	B	0.44%
AA	B	0.43%
LAD	A	0.42%
FHN	A	0.42%
KNSL	B	0.41%
BJ	A	0.41%
FND	C	0.41%
DUOL	A	0.41%
LAMR	D	0.4%
TTEK	F	0.39%
WBS	A	0.39%
CUBE	D	0.38%
WWD	B	0.38%
CCK	C	0.38%
CIEN	B	0.37%
RGLD	C	0.36%
PNFP	B	0.36%
AR	B	0.35%
X	C	0.35%
EXEL	B	0.35%
GMED	A	0.35%
RBC	A	0.35%
TPX	B	0.35%
WCC	B	0.34%
HQY	B	0.34%
WMS	D	0.34%
ZION	B	0.34%
TTC	D	0.34%
CHDN	B	0.33%
FBIN	D	0.33%
AAON	B	0.33%
CFR	B	0.33%
REXR	F	0.33%
KNX	B	0.33%
MTZ	B	0.32%
CHRD	D	0.32%
GPK	C	0.32%
AXTA	A	0.32%
WTFC	A	0.32%
GME	C	0.31%
RRC	B	0.31%
ONTO	D	0.31%
KBR	F	0.31%
SSB	B	0.3%
UFPI	B	0.3%
PR	B	0.3%
PCTY	B	0.3%
SNV	B	0.3%
MEDP	D	0.29%
SKX	D	0.29%
BERY	B	0.29%
JAZZ	B	0.29%
OSK	B	0.28%
MTDR	B	0.28%
MIDD	C	0.28%
SSD	D	0.28%
PB	A	0.28%
DAR	C	0.28%
MASI	A	0.27%
RGEN	D	0.27%
CMC	B	0.27%
ALV	C	0.27%
TMHC	B	0.27%
WH	B	0.27%
VMI	B	0.26%
LPX	B	0.26%
H	B	0.26%
EXLS	B	0.26%
LSCC	D	0.26%
G	B	0.26%
TREX	C	0.26%
WEX	D	0.26%
MTSI	B	0.26%
DINO	D	0.25%
CGNX	C	0.25%
WFRD	D	0.25%
GBCI	B	0.25%
GXO	B	0.25%
ONB	B	0.25%
NOV	C	0.25%
CADE	B	0.25%
FCN	D	0.25%
COLB	A	0.24%
FAF	A	0.24%
CROX	D	0.24%
FNB	A	0.23%
THO	B	0.23%
WHR	B	0.23%
VNT	B	0.23%
NOVT	D	0.23%
CLF	F	0.23%
LFUS	F	0.23%
MAT	D	0.23%
CHX	C	0.23%
ARW	D	0.23%
VNO	B	0.23%
SAIC	F	0.22%
RMBS	C	0.22%
FYBR	D	0.22%
DOCS	C	0.22%
LNTH	D	0.22%
HALO	F	0.22%
ALTR	B	0.22%
CNX	A	0.22%
HOMB	A	0.21%
LEA	D	0.21%
UBSI	B	0.21%
SIGI	C	0.21%
PVH	C	0.2%
GATX	A	0.2%
AGCO	D	0.2%
WTS	B	0.2%
FFIN	B	0.19%
BDC	B	0.19%
UGI	A	0.19%
CIVI	D	0.19%
BRKR	D	0.19%
QLYS	C	0.19%
HWC	B	0.19%
OZK	B	0.19%
BC	C	0.19%
NXST	C	0.19%
OLLI	D	0.18%
EEFT	B	0.18%
APPF	B	0.18%
HXL	D	0.18%
TKR	D	0.18%
ST	F	0.18%
OLN	D	0.18%
MUR	D	0.18%
VVV	F	0.18%
AVT	C	0.18%
CELH	F	0.17%
SWX	B	0.17%
WMG	C	0.17%
IRT	A	0.17%
AVNT	B	0.17%
BYD	C	0.17%
EXPO	D	0.17%
KMPR	B	0.16%
HAE	C	0.16%
AN	C	0.16%
VLY	B	0.16%
CUZ	B	0.16%
ASGN	F	0.15%
HOG	D	0.15%
M	D	0.15%
ORA	B	0.15%
KRC	C	0.15%
ASB	B	0.15%
WLK	D	0.15%
ACHC	F	0.14%
TCBI	B	0.14%
XRAY	F	0.14%
TEX	D	0.14%
MSM	C	0.14%
TNL	A	0.14%
UAA	C	0.14%
PRGO	B	0.14%
ASH	D	0.14%
RYN	D	0.14%
ENS	D	0.14%
LANC	C	0.13%
NVST	B	0.13%
PBF	D	0.13%
OPCH	D	0.13%
PII	D	0.13%
ROIV	C	0.13%
VAL	D	0.12%
NEOG	F	0.12%
PK	B	0.12%
PCH	D	0.12%
YETI	C	0.12%
GHC	C	0.12%
BHF	B	0.12%
PAG	B	0.12%
SLAB	D	0.12%
WEN	D	0.11%
ZI	D	0.11%
MAN	D	0.11%
NSA	D	0.11%
HGV	B	0.11%
VAC	B	0.11%
SYNA	C	0.11%
VC	D	0.1%
COTY	F	0.1%
NSP	D	0.1%
AMKR	D	0.1%
LIVN	F	0.1%
SAM	C	0.1%
CXT	B	0.1%
GT	C	0.1%
AZTA	D	0.09%
JWN	C	0.08%
IPGP	D	0.08%
ENOV	C	0.08%
GEF	A	0.07%
CNXC	F	0.07%
CPRI	F	0.07%
VSH	D	0.07%
CRI	D	0.06%

QVMM Underweight 2 Positions Relative to PAMC

	Symbol	Grade	Weight
	ELS	C	-0.69%
	ENSG	D	-0.63%