Fund Description: Pacer WealthShield ETF 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 WealthShield ETF seeks to provide investment returns that closely correspond to the price and yield performance of the Pacer WealthShield Index. INDEX DESCRIPTION: The Pacer WealthShield Index uses an objective, rules-based methodology to implement a trend-following strategy that directs some or all of the Index’s exposure to (i) U.S. equity securities or (ii) U.S. Treasury securities depending on the strength of the high-yield corporate (junk) bond market relative to U.S. Treasury bonds and the momentum of certain U.S. equity sectors or industries and of long-term U.S. Treasury bonds. On the Selection Date the Index will observe the ratio between the S&P U.S. High Yield Corporate Bond Index and the S&P U.S. Treasury Bond 7-10 Year Index (the Risk Ratio). The Risk Ratio relative to its 5 month exponential moving average determines whether the Index will be in Equity Mode or Fixed Income Exposure. If the Risk Ratio is at or above its 5 month exponential moving average, the Index will be in Equity Exposure for the following month and below its 5 month exponential moving average, the Index will be in Fixed Income Exposure for the following month. If the Risk Ratio dictates that the Index will be in Equity Exposure the Index will select the five U.S. equity market components with the best performance (see prospectus for the list of equity components). If the Risk Ratio dictates that the Index will be in Fixed Income Exposure the Index will be 100% allocated to the S&P U.S. Treasury Bond 20+ Year Total Return Index (the 20+ Year Index). However, if the value of the 20+ Year Index is below its 7 month exponential moving average, the Index will instead be 100% allocated to 3-month U.S. Treasury bills. FUND STRATEGY: The Fund employs a passive management or indexing investment approach designed to track the total return performance of the Index. Under normal circumstances, at least 80% of the Fund’s total assets (exclusive of collateral held from securities lending) will be invested in (i) the component securities of the Index or (ii) ETFs that seek to track the performance of some or all of the component securities of the Index in the same approximate weight as such component securities. The Fund will generally use a replication strategy to achieve its investment objective, meaning it will invest in all of the component securities of the Index, but may, when the Adviser believes it is in the best interests of the Fund, use a representative sampling strategy, meaning it may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole. The Fund may also invest up to 20% of its assets in cash and cash equivalents, other investment companies, as well as securities and other instruments not included in the Index but which the Adviser believes will help the Fund track the Index. The Fund may invest in other ETFs whose holdings correspond to the holdings of an Equity Component when such Equity Component is included in the Index. Similarly, the Fund may invest in other ETFs whose holdings correspond to the holdings of the 20+ Year Index or are comprised of 3-month U.S. Treasury bills when such components are included in the Index. The Fund will be considered to be non-diversified. FUND MANAGEMENT: Pacer Advisors, Inc. serves as investment adviser to the Fund.