UPAR vs. GCOW ETF Comparison

Comparison of UPAR Ultra Risk Parity ETF (UPAR) to Pacer Global Cash Cows Dividend ETF (GCOW)

UPAR

UPAR Ultra Risk Parity ETF

UPAR Description

UPAR Ultra Risk Parity ETF is an exchange traded fund launched and managed by Toroso Investments, LLC. The fund invests in public equity, fixed income and commodity markets of global region. For its equity portion, it invests directly, through derivatives and through other funds in stocks of companies operating across diversified sectors. The fund uses derivatives such as futures to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, the fund invests directly and through derivatives in U.S. treasury inflation protected securities and U.S. treasury securities of varying maturities. For its commodity portion, it invests directly and through other funds in gold. UPAR Ultra Risk Parity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.85

Average Daily Volume

21,535

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GCOW

Pacer Global Cash Cows Dividend ETF

GCOW Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer Global Cash Cows Dividend Index. Under normal circumstances, the fund will invest at least 80% of its total assets (exclusive of collateral held from securities lending) in the components of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities (e.g., depositary receipts). The index uses an objective, rules-based methodology to provide exposure to global companies with high dividend yields backed by a high free cash flow yield. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$36.16

Average Daily Volume

201,439

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	UPAR	GCOW
30 Days	4.61%	0.33%
60 Days	6.99%	5.01%
90 Days	9.95%	7.04%
12 Months	33.99%	15.76%

7 Overlapping Holdings

Symbol	Grade	Weight in UPAR	Weight in GCOW	Overlap
BHP	B	1.5%	1.76%	1.5%
BP	F	0.29%	1.75%	0.29%
CVX	B	0.91%	1.79%	0.91%
E	B	0.16%	1.71%	0.16%
EOG	B	0.23%	1.53%	0.23%
RIO	A	1.16%	1.79%	1.16%
TTE	B	0.54%	1.85%	0.54%

UPAR Overweight 30 Positions Relative to GCOW

Symbol	Grade	Weight
GLDM	A	14.24%
VXF	B	3.3%
DE	A	1.69%
XOM	A	1.67%
SCCO	B	0.9%
FCX	B	0.72%
CTVA	A	0.57%
VALE	B	0.52%
FSLR	C	0.43%
COP	D	0.41%
ECL	B	0.36%
EQNR	D	0.24%
ENPH	D	0.24%
CF	A	0.22%
CNH	B	0.21%
XYL	C	0.17%
SQM	D	0.15%
OXY	F	0.14%
HES	D	0.13%
AWK	B	0.13%
TTC	D	0.13%
MOS	D	0.12%
FMC	B	0.12%
FANG	D	0.1%
IEX	D	0.09%
AGCO	D	0.09%
DVN	F	0.08%
EC	F	0.07%
EQT	B	0.07%
CTRA	D	0.05%

UPAR Underweight 19 Positions Relative to GCOW

Symbol	Grade	Weight
IBM	B	-2.45%
GILD	A	-2.45%
BTI	D	-2.3%
BMY	B	-2.28%
MMM	C	-2.26%
T	A	-2.24%
PM	C	-2.21%
SNY	C	-2.2%
ABBV	A	-2.16%
MO	D	-2.07%
NVS	D	-2.07%
VZ	A	-2.04%
UPS	D	-1.77%
GSK	F	-1.5%
CVS	D	-1.49%
VOD	C	-1.47%
STLA	F	-1.33%
WMB	A	-1.27%
KHC	D	-0.99%