Fund Description: Pacer CSOP FTSE China A50 is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Pacer Funds Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The Pacer CSOP FTSE China A50 seeks to provide investment results that, before fees and expenses, track the performance of the FTSE China A50 Net Total Return Index. INDEX DESCRIPTION: The FTSE China A50 Net Total Return Index is comprised of A-Shares issued by the 50 largest companies in the China A-Shares market. The Index is a net total return index. This means that the performance of the Index assumes that dividends paid by the Index constituents, net of any withholding taxes, are reinvested in additional shares of such Index constituents. A-Shares are a specific classification of equity securities issued by companies incorporated in the People’s Republic of China (PRC). A-Shares are denominated and traded in renminbi (RMB), the official currency of the PRC, on the Shenzhen and Shanghai Stock Exchanges. Under current Chinese regulations, with some exceptions, foreign investors are permitted to invest in A-Shares only (i) through designated foreign institutional investors that meet certain requirements and have been granted status by the China Securities Regulatory Commission (CSRC), or (ii) through the Shanghai-Hong Kong Stock Connect program. Foreign investors are permitted to invest through institutional investors designated as either a Qualified Foreign Institutional Investor (QFII) or a Renminbi Qualified Foreign Institutional Investor (RQFII) who may invest up to a specific aggregate dollar amount in A-Shares. The Shanghai-Hong Kong Stock Connect program is a newly-established securities trading and clearing program, since November 2014, enables mutual stock market access between mainland China and Hong Kong. Through the Shanghai-Hong Kong Stock Connect program foreign investors, such as the Fund, can trade eligible China A-Shares subject to trading limits and rules and regulations as may be issued from time to time. CSOP Asset Management Limited, the Fund’s investment adviser is a licensed RQFII and QFII. The Adviser, on behalf of the Fund, may invest in A-Shares and other securities of Chinese companies listed for trading on the Shanghai and Shenzhen Stock Exchanges up to its designated quota amount. The Adviser, on behalf of the Fund, also will invest in eligible China A-Shares via the Shanghai-Hong Kong Stock Connect program. FUND STRATEGY: A passive or indexing approach is used to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to beat the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued. Representative sampling is an indexing strategy that is used which involves investing in a representative sample of securities that collectively has an investment profile similar to that of the Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability, duration, maturity or credit ratings and yield) and liquidity measures similar to those of the Index. The Fund may or may not hold all of the securities in the Index. The Fund will typically invest at least 80% of its total assets in the securities included in the Index. The Fund may invest the remainder of its assets in investments that are not included in the Index, but which the Adviser believes will help the Fund track the Index. These investments include: (i) interests in pooled investment vehicles tracking the Index or similar indexes, including affiliated and non-U.S. funds (certain of these funds may not be registered under the Investment Company Act of 1940, as amended and therefore are not subject to the same investor protections as the Fund); (ii) other securities not included in the Index (including H-Shares, which are shares of a company incorporated in mainland China that are denominated in Hong Kong dollars and listed on the Hong Kong Stock Exchange or other foreign exchange); and (iii) certain derivatives, such as futures contracts and options contracts on equity securities designed to provide similar exposure to the Index. Subject to the requirement to generally invest at least 80% of its total assets in the securities of the Index, the Fund also may invest in money market instruments, cash and cash equivalents. The Fund is considered to be diversified and therefore must meet certain diversification requirements. FUND MANAGEMENT: Pacer Advisors, Inc. serves as the investment adviser to the Fund. CSOP Asset Management Limited serves as investment sub-adviser to the Fund.