Pacer S&P 500 Quality FCF R&D Leaders ETF QFRD Strategy

The investment seeks to track the total return performance, before fees and expenses, of the S&P 500 Quality FCF R&D Leaders Index (the “Index”). The index is also reviewed semi-annually in January and July based on each constituent’s weight; recapping is performed if the aggregate weight of constituents with an individual weight greater than 4.8% exceeds 24% of the index’s total weight. Under normal circumstances, at least 80% of the fund’s net assets (plus any borrowings for investment purposes) will be invested in equity securities that are the component securities of the index. It is non-diversified.