TVAL vs. PWS ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Pacer WealthShield ETF (PWS)

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$32.91

Average Daily Volume

12,620

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

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

$31.09

Average Daily Volume

1,883

Number of Holdings ^*

217

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	PWS
30 Days	2.08%	4.04%
60 Days	3.98%	-2.25%
90 Days	5.24%	0.77%
12 Months	28.36%	20.57%

45 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in PWS	Overlap
ACN	B	0.7%	0.28%	0.28%
ADI	D	0.35%	0.13%	0.13%
AEE	A	0.65%	0.4%	0.4%
AMAT	F	0.38%	0.18%	0.18%
AMD	F	0.22%	0.28%	0.22%
AVB	B	1.22%	0.59%	0.59%
AZO	C	0.52%	0.22%	0.22%
CAG	F	0.4%	0.09%	0.09%
CDW	F	0.25%	0.03%	0.03%
CL	D	0.84%	0.52%	0.52%
D	C	0.55%	0.77%	0.55%
DTE	C	0.17%	0.4%	0.17%
EQIX	A	0.16%	1.51%	0.16%
HD	B	0.63%	1.63%	0.63%
KDP	F	0.4%	0.27%	0.27%
KEYS	A	0.35%	0.03%	0.03%
KMB	C	0.66%	0.31%	0.31%
KO	D	0.72%	1.72%	0.72%
KVUE	A	1.49%	0.31%	0.31%
LEN	D	0.42%	0.16%	0.16%
LVS	B	0.41%	0.07%	0.07%
MAR	A	0.47%	0.27%	0.27%
MCD	D	0.46%	0.85%	0.46%
MCHP	F	0.27%	0.04%	0.04%
MDLZ	F	0.43%	0.62%	0.43%
MGM	D	0.24%	0.03%	0.03%
MSFT	D	0.65%	3.87%	0.65%
MSI	B	0.34%	0.1%	0.1%
MU	D	0.45%	0.13%	0.13%
NEE	C	0.59%	2.48%	0.59%
PG	C	0.72%	2.76%	0.72%
PLD	F	0.34%	1.91%	0.34%
PM	B	1.41%	1.37%	1.37%
PSA	C	0.44%	0.93%	0.44%
QCOM	F	1.08%	0.22%	0.22%
ROP	B	0.29%	0.07%	0.07%
SO	C	1.67%	1.56%	1.56%
SRE	A	0.68%	0.95%	0.68%
TJX	A	0.29%	0.55%	0.29%
TXN	C	0.7%	0.23%	0.23%
VST	A	0.74%	0.8%	0.74%
WDC	D	0.6%	0.02%	0.02%
WMT	A	1.89%	2.61%	1.89%
WY	F	0.88%	0.4%	0.4%
YUM	D	0.36%	0.15%	0.15%

TVAL Overweight 99 Positions Relative to PWS

Symbol	Grade	Weight
XOM	B	2.56%
CB	C	2.23%
HIG	B	1.96%
UNH	B	1.9%
BAC	A	1.89%
JNJ	C	1.82%
ELV	F	1.81%
WFC	A	1.77%
FI	A	1.53%
LHX	C	1.36%
COP	C	1.25%
JPM	A	1.23%
GE	D	1.21%
LLY	F	1.19%
TMO	F	1.12%
SWK	D	1.1%
CMI	A	1.09%
BDX	F	1.01%
EQH	C	1.0%
GOOG	C	0.95%
SCHW	B	0.89%
TMUS	B	0.88%
META	D	0.87%
AIG	B	0.87%
CI	D	0.87%
ZBH	C	0.85%
EOG	A	0.82%
C	A	0.81%
MCK	A	0.8%
MRK	D	0.8%
FITB	B	0.77%
NWSA	A	0.75%
NSC	B	0.74%
CVX	A	0.73%
LIN	C	0.73%
HUBB	B	0.7%
GEV	B	0.7%
TTE	F	0.7%
HON	C	0.68%
MMC	B	0.67%
DHR	F	0.65%
IP	A	0.64%
RSG	A	0.62%
VZ	C	0.58%
USB	A	0.56%
BA	F	0.56%
MS	A	0.56%
RPM	A	0.52%
ROK	C	0.52%
CF	A	0.52%
BAX	F	0.5%
CSX	C	0.49%
HWM	A	0.48%
REXR	F	0.48%
PGR	A	0.48%
AZN	F	0.47%
WMB	A	0.46%
CMCSA	B	0.46%
EQT	B	0.46%
APO	B	0.46%
TDG	D	0.46%
HBAN	A	0.45%
ARES	A	0.45%
HCA	F	0.45%
BLK	B	0.43%
FANG	C	0.43%
REGN	F	0.42%
UNP	C	0.42%
CPAY	A	0.42%
LAMR	C	0.4%
TSM	B	0.39%
ALL	A	0.39%
ABBV	F	0.36%
BKR	A	0.35%
EFX	F	0.33%
A	D	0.33%
COF	C	0.33%
STLD	B	0.32%
UAL	A	0.31%
TT	A	0.31%
AME	A	0.31%
OTIS	C	0.3%
CAT	B	0.3%
VRTX	D	0.29%
MOH	F	0.28%
UPS	C	0.28%
CARR	C	0.27%
AXP	A	0.26%
SPGI	C	0.26%
ZTS	D	0.23%
CVS	D	0.23%
CME	B	0.23%
HAL	C	0.22%
VMC	B	0.22%
MET	A	0.22%
BHP	F	0.2%
DIS	B	0.2%
AVY	F	0.19%
SNY	F	0.19%

TVAL Underweight 172 Positions Relative to PWS

Symbol	Grade	Weight
AMZN	C	-7.98%
NVDA	B	-4.41%
AAPL	C	-4.19%
TSLA	B	-3.66%
COST	A	-2.91%
AMT	C	-1.61%
PEP	F	-1.59%
DUK	C	-1.4%
WELL	A	-1.38%
CEG	C	-1.15%
AVGO	D	-0.99%
DLR	B	-0.97%
SPG	A	-0.97%
O	C	-0.88%
AEP	C	-0.81%
CCI	C	-0.79%
PCG	A	-0.74%
CBRE	B	-0.72%
PEG	A	-0.71%
MO	A	-0.67%
BKNG	A	-0.67%
XEL	A	-0.63%
LOW	C	-0.62%
EXC	C	-0.62%
EXR	C	-0.61%
IRM	C	-0.6%
VICI	C	-0.58%
CSGP	D	-0.55%
ED	C	-0.54%
EIX	B	-0.52%
ETR	B	-0.51%
WEC	A	-0.5%
TGT	F	-0.5%
VTR	B	-0.47%
EQR	C	-0.45%
SBUX	A	-0.45%
AWK	C	-0.42%
SBAC	D	-0.41%
PPL	A	-0.4%
CRM	B	-0.4%
NKE	F	-0.37%
ORCL	A	-0.37%
ATO	A	-0.37%
ESS	B	-0.35%
ES	C	-0.35%
INVH	D	-0.34%
FE	C	-0.34%
CMS	C	-0.33%
MAA	B	-0.33%
CNP	A	-0.32%
CMG	B	-0.32%
NRG	B	-0.31%
ARE	F	-0.3%
ADBE	C	-0.29%
CSCO	B	-0.29%
ORLY	B	-0.29%
KIM	A	-0.29%
KR	B	-0.28%
MNST	C	-0.28%
NOW	A	-0.27%
DOC	C	-0.27%
GM	C	-0.26%
NI	A	-0.26%
SYY	D	-0.26%
STZ	D	-0.26%
HLT	A	-0.25%
LNT	A	-0.25%
GIS	D	-0.25%
EVRG	A	-0.24%
IBM	C	-0.24%
UDR	B	-0.24%
INTU	B	-0.24%
CPT	B	-0.23%
ABNB	C	-0.23%
RCL	A	-0.22%
HST	C	-0.22%
REG	A	-0.21%
KHC	F	-0.2%
BXP	C	-0.2%
ROST	D	-0.19%
DHI	F	-0.19%
HSY	F	-0.19%
CHD	A	-0.18%
PNW	A	-0.17%
F	C	-0.17%
ADM	D	-0.17%
AES	F	-0.16%
PANW	B	-0.16%
PLTR	B	-0.15%
LULU	C	-0.15%
FRT	B	-0.15%
K	A	-0.15%
CLX	A	-0.14%
TSN	B	-0.13%
INTC	C	-0.13%
GRMN	B	-0.13%
MKC	C	-0.13%
LRCX	F	-0.12%
DG	F	-0.12%
TSCO	D	-0.12%
EBAY	D	-0.12%
ANET	C	-0.12%
APH	A	-0.11%
KLAC	F	-0.11%
DECK	A	-0.11%
CRWD	B	-0.1%
CCL	A	-0.1%
CDNS	B	-0.1%
EL	F	-0.1%
SNPS	B	-0.1%
PHM	D	-0.1%
BG	D	-0.09%
EXPE	B	-0.09%
NVR	D	-0.09%
DLTR	F	-0.09%
FTNT	C	-0.08%
TAP	C	-0.08%
DRI	B	-0.08%
LW	C	-0.08%
SJM	D	-0.08%
ADSK	A	-0.08%
GPC	D	-0.07%
NXPI	D	-0.07%
FICO	B	-0.07%
BBY	D	-0.07%
ULTA	F	-0.07%
APTV	F	-0.06%
CPB	D	-0.06%
DPZ	C	-0.06%
HRL	D	-0.06%
WBA	F	-0.05%
TPR	B	-0.05%
DELL	B	-0.05%
NCLH	B	-0.05%
KMX	B	-0.05%
CTSH	B	-0.05%
IT	C	-0.05%
POOL	C	-0.05%
ON	D	-0.04%
MPWR	F	-0.04%
ANSS	B	-0.04%
LKQ	F	-0.04%
HPQ	B	-0.04%
GLW	B	-0.04%
ZBRA	B	-0.03%
TDY	B	-0.03%
PTC	B	-0.03%
MHK	D	-0.03%
NTAP	C	-0.03%
TYL	B	-0.03%
BWA	D	-0.03%
WYNN	C	-0.03%
GDDY	A	-0.03%
HAS	D	-0.03%
RL	C	-0.03%
CZR	F	-0.03%
HPE	B	-0.03%
JNPR	D	-0.02%
SWKS	F	-0.02%
AKAM	D	-0.02%
FFIV	B	-0.02%
EPAM	B	-0.02%
JBL	C	-0.02%
VRSN	C	-0.02%
GEN	B	-0.02%
TER	F	-0.02%
TRMB	B	-0.02%
FSLR	F	-0.02%
STX	C	-0.02%
QRVO	F	-0.01%
ENPH	F	-0.01%
SMCI	F	-0.01%