SZNE vs. QDF ETF Comparison

Comparison of Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE) to FlexShares Quality Dividend Index Fund (QDF)

SZNE

Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF

SZNE Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index. The fund invests at least 80% of its total assets (exclusive of collateral held from securities lending) 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 its underlying index. The index uses an objective, rules-based methodology to track the performance of a semi-annual rotation of certain sectors within the S&P 500 Equal Weight Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.24

Average Daily Volume

3,181

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QDF

FlexShares Quality Dividend Index Fund

QDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$71.33

Average Daily Volume

45,847

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	SZNE	QDF
30 Days	-1.68%	3.71%
60 Days	2.72%	9.65%
90 Days	5.26%	6.61%
12 Months	21.41%	31.89%

13 Overlapping Holdings

Symbol	Grade	Weight in SZNE	Weight in QDF	Overlap
ABBV	C	0.83%	3.08%	0.83%
CL	D	1.26%	0.17%	0.17%
COST	C	1.27%	0.23%	0.23%
GILD	A	0.84%	0.96%	0.84%
JNJ	D	0.82%	3.17%	0.82%
KO	C	1.28%	2.51%	1.28%
MO	D	1.24%	0.81%	0.81%
MRK	F	0.84%	0.52%	0.52%
PG	D	1.27%	3.08%	1.27%
PM	D	1.25%	1.29%	1.25%
RMD	C	0.81%	0.17%	0.17%
WMT	A	1.3%	0.12%	0.12%
ZTS	C	0.84%	0.81%	0.81%

SZNE Overweight 82 Positions Relative to QDF

Symbol	Grade	Weight
EL	D	1.39%
TGT	C	1.32%
MNST	D	1.31%
KR	C	1.3%
GIS	C	1.29%
SYY	D	1.29%
CAG	D	1.29%
TAP	D	1.28%
MKC	C	1.28%
K	B	1.28%
KDP	C	1.28%
STZ	D	1.28%
DLTR	F	1.27%
LW	D	1.27%
CHD	D	1.27%
SJM	D	1.26%
CLX	C	1.26%
KVUE	C	1.26%
KMB	D	1.26%
MDLZ	D	1.26%
KHC	F	1.25%
DG	F	1.25%
BG	F	1.25%
ADM	F	1.24%
CPB	D	1.24%
HRL	F	1.24%
PEP	F	1.23%
HSY	D	1.22%
TSN	D	1.21%
WBA	F	1.12%
GEHC	C	0.9%
UHS	D	0.88%
WAT	B	0.88%
HCA	C	0.87%
BMY	A	0.86%
A	B	0.86%
PODD	C	0.86%
TECH	D	0.85%
CTLT	A	0.85%
DVA	C	0.85%
BSX	A	0.85%
MTD	C	0.85%
LLY	D	0.85%
WST	D	0.85%
CVS	D	0.85%
ISRG	C	0.84%
HSIC	D	0.84%
TFX	C	0.84%
MDT	C	0.84%
INCY	B	0.84%
ALGN	D	0.84%
IDXX	D	0.84%
BDX	C	0.84%
ZBH	F	0.84%
DHR	D	0.83%
CNC	F	0.83%
HOLX	D	0.83%
SOLV	C	0.83%
TMO	D	0.83%
PFE	D	0.83%
DGX	D	0.83%
BIIB	F	0.82%
ABT	C	0.82%
SYK	C	0.82%
IQV	F	0.82%
CRL	F	0.82%
MOH	F	0.81%
VRTX	D	0.81%
CI	D	0.81%
UNH	B	0.81%
CAH	B	0.81%
DXCM	F	0.81%
BAX	D	0.81%
STE	D	0.81%
HUM	F	0.81%
VTRS	D	0.81%
EW	F	0.8%
ELV	F	0.79%
AMGN	D	0.79%
MCK	F	0.77%
MRNA	F	0.76%
REGN	D	0.75%

SZNE Underweight 114 Positions Relative to QDF

Symbol	Grade	Weight
AAPL	C	-8.57%
MSFT	D	-4.98%
NVDA	B	-4.97%
META	A	-3.23%
ACN	B	-1.97%
HD	A	-1.79%
GOOGL	B	-1.76%
QCOM	D	-1.73%
INTU	F	-1.57%
GOOG	B	-1.55%
UNP	F	-1.3%
LOW	C	-1.29%
ADP	A	-1.07%
LRCX	D	-1.01%
KLAC	B	-0.96%
NKE	D	-0.93%
AVGO	B	-0.91%
CAT	A	-0.78%
MS	A	-0.78%
SBUX	B	-0.73%
ITW	C	-0.72%
LMT	A	-0.71%
VRT	B	-0.7%
MMM	C	-0.69%
AFL	A	-0.64%
PSA	C	-0.64%
JPM	C	-0.64%
PEG	A	-0.63%
PAYX	B	-0.63%
EBAY	A	-0.62%
BK	A	-0.62%
D	A	-0.6%
FIS	A	-0.59%
SMG	C	-0.59%
FAST	C	-0.59%
PRU	B	-0.58%
AVB	C	-0.57%
NXPI	F	-0.56%
MPC	D	-0.56%
MCHP	F	-0.55%
MAA	D	-0.55%
EQR	C	-0.55%
MET	A	-0.55%
NSA	D	-0.54%
GEN	A	-0.54%
CHRW	C	-0.54%
IVZ	A	-0.53%
VLO	F	-0.53%
WTW	C	-0.53%
KTB	C	-0.53%
OHI	C	-0.53%
ORI	A	-0.52%
VIRT	B	-0.52%
CPT	C	-0.52%
XOM	A	-0.51%
EA	D	-0.51%
NEP	D	-0.51%
IPG	D	-0.51%
JHG	A	-0.51%
RDN	D	-0.5%
OGE	C	-0.5%
CMA	C	-0.5%
WU	D	-0.5%
STWD	C	-0.5%
WSM	C	-0.49%
UGI	C	-0.49%
FAF	C	-0.48%
DVN	F	-0.48%
SWKS	F	-0.47%
BPOP	D	-0.47%
SNA	C	-0.46%
POOL	D	-0.46%
WY	C	-0.46%
TPR	B	-0.46%
WDFC	B	-0.44%
OMF	D	-0.43%
WMS	D	-0.43%
NUE	D	-0.43%
HST	D	-0.42%
SCCO	B	-0.42%
EVRG	C	-0.41%
TT	A	-0.41%
CUBE	C	-0.4%
PFG	A	-0.39%
CTAS	C	-0.38%
ALLY	F	-0.36%
V	B	-0.36%
RHI	D	-0.35%
IRDM	C	-0.35%
LNC	B	-0.35%
EIX	C	-0.35%
APLE	B	-0.34%
CFR	B	-0.33%
OLN	D	-0.29%
BR	B	-0.29%
NNN	C	-0.27%
WING	C	-0.26%
MA	A	-0.25%
NTAP	D	-0.23%
HRB	C	-0.18%
DPZ	D	-0.17%
PNW	C	-0.16%
BSY	D	-0.14%
PAYC	D	-0.12%
COR	F	-0.12%
EXP	C	-0.08%
WFRD	F	-0.07%
BKNG	B	-0.06%
CSWI	A	-0.06%
MAR	A	-0.04%
COP	D	-0.04%
BAC	B	-0.02%
STNG	B	-0.02%
BBWI	F	-0.01%