Fund Description: Pacer CFRA-Stovall Equal Weight Seasonal Rotation 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 CFRA-Stovall Equal Weight Seasonal Rotation ETF seeks to provide investment returns that closely correspond to the price and yield performance of the Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index. INDEX DESCRIPTION: The Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index uses an objective, rules-based methodology to track the performance of a semi-annual rotation of certain sectors within the S&P 500 Equal Weight Index (EWI). The Index is an equal-weighted version of the S&P 500, which measures the performance of the large-cap segment of the U.S. equity market. The Index includes stocks covering all 11 Global Industry Classification Standard (GICS) sectors, six of which are eligible for inclusion in the Index. On the last business day of each April, the Index is equally weighted in the S&P 500 EWI Consumer Staples and Healthcare sectors. The Index holdings then float until the last business day of the following October, when the Index is reconstituted and rebalanced to an equal weighting in the S&P 500 EWI Consumer Discretionary, Industrials, Information Technology, and Materials sectors. The Index holdings then float until the last business day of the following April (the next calendar year), when the Index is reconstituted and rebalanced back to an equal weighting in the S&P 500 EWI Consumer Staples and Healthcare sectors. At the time of each reconstitution of the Index, the Index is equally weighted in the applicable S&P 500 EWI sectors. FUND STRATEGY: Under normal circumstances, at least 80% of the Fund’s total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the Fund’s Index or in one or more ETFs that track the performance of all or a portion of such component securities in the same approximate proportion as in the Fund’s Index. 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. The Fund is considered to be non-diversified. FUND MANAGEMENT: Pacer Advisors, Inc. serves as investment adviser to the Fund.