USAI vs. BOUT ETF Comparison

Comparison of Pacer American Energy Independence ETF (USAI) to Innovator IBD Breakout Opportunities ETF (BOUT)

USAI

Pacer American Energy Independence ETF

USAI Description

The investment seeks to track the performance, before fees and expenses, of the American Energy Independence Index. Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index and depositary receipts representing foreign securities. The index uses a proprietary, rules-based methodology to measure the performance of a portfolio of U.S. and Canadian exchange-listed equity securities of companies that generate a majority of their cash flow from certain qualifying midstream energy infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$35.83

Average Daily Volume

5,154

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BOUT

Innovator IBD Breakout Opportunities ETF

BOUT Description

The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.

Grade (RS Rating)

Last Trade

$36.28

Average Daily Volume

1,218

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

Performance

Period	USAI	BOUT
30 Days	3.10%	-0.98%
60 Days	7.85%	5.08%
90 Days	6.85%	3.62%
12 Months	38.64%	24.26%

4 Overlapping Holdings

Symbol	Grade	Weight in USAI	Weight in BOUT	Overlap
AROC	B	2.34%	0.66%	0.66%
HESM	D	2.24%	0.31%	0.31%
KNTK	B	2.22%	1.97%	1.97%
MPLX	A	4.02%	0.66%	0.66%

USAI Overweight 16 Positions Relative to BOUT

Symbol	Grade	Weight
OKE	B	7.73%
LNG	A	7.25%
WMB	A	7.1%
ET	C	6.83%
TRGP	B	4.77%
KMI	A	4.32%
EPD	A	3.97%
DTM	A	3.34%
AM	A	2.69%
WES	D	2.55%
PAGP	D	2.47%
ENLC	A	2.46%
EE	A	2.06%
GEL	D	1.54%
NEXT	F	1.1%
NFE	F	0.84%

USAI Underweight 122 Positions Relative to BOUT

Symbol	Grade	Weight
FFTY	C	-8.0%
MELI	C	-2.45%
KLAC	B	-2.39%
VIK	B	-2.36%
SPGI	C	-2.36%
PACS	C	-2.36%
QRVO	F	-2.35%
AHR	C	-2.34%
NXPI	F	-2.33%
NVS	D	-2.33%
IDCC	A	-2.33%
CHKP	C	-2.33%
PGR	C	-2.32%
NEM	C	-2.29%
MWA	A	-2.28%
SWI	C	-2.24%
MS	B	-2.06%
GS	C	-2.05%
MPWR	B	-2.03%
OLED	C	-2.02%
AXP	A	-2.01%
AX	D	-2.01%
PPC	B	-1.99%
ISRG	A	-1.99%
FANG	D	-1.99%
MOD	B	-1.98%
MMM	C	-1.97%
ADBE	F	-1.97%
PSN	A	-1.95%
IOT	C	-1.91%
ALNY	C	-1.35%
RSG	D	-1.34%
ROST	C	-1.34%
NMIH	C	-1.34%
AEM	C	-1.33%
GOOGL	B	-1.32%
WFRD	F	-1.31%
HLNE	A	-1.31%
EHC	B	-1.31%
ATGE	D	-1.31%
PANW	D	-1.3%
NVO	F	-1.3%
MANH	C	-1.3%
AAON	A	-1.28%
NOW	C	-1.23%
NBIX	F	-0.69%
ANF	F	-0.69%
PSTG	F	-0.68%
HALO	D	-0.68%
BKNG	C	-0.68%
PLTR	A	-0.67%
INTU	F	-0.67%
DSGX	C	-0.67%
VNOM	B	-0.66%
NFLX	A	-0.66%
GMED	D	-0.66%
CYBR	C	-0.66%
VRNS	C	-0.63%
MMYT	D	-0.33%
AMSC	C	-0.33%
ELF	F	-0.32%
CLS	B	-0.32%
SRPT	F	-0.31%
PINS	D	-0.31%
IBKR	A	-0.31%
GRMN	D	-0.31%
FN	B	-0.31%
CRWD	D	-0.31%
ARM	C	-0.31%
ARIS	C	-0.31%
ALKT	D	-0.31%
DDOG	D	-0.3%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%