Pacer Trendpilot™ US Large Cap ETF PTLC Strategy

The investment seeks to track the total return performance, before fees and expenses, of the Pacer Trendpilot U.S. Large Cap Index. The index uses an objective, rules-based methodology to implement a systematic trend-following strategy that directs exposure (i) 100% to the S&P 500® Index, (ii) 50% to the S&P 500 and 50% to 3-Month U.S. Treasury bills, or (iii) 100% to 3-Month U.S. Treasury bills, depending on the relative performance of the S&P 500 and its 200-business day historical simple moving average. The fund invests at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the index.