Pacer US Cash Cows 100 ETF COWZ Strategy

The investment seeks to track the total return performance, before fees and expenses, of the Pacer U.S. Cash Cows Growth Index (the "index"). The index uses an objective, rules-based methodology to provide exposure to large and mid-capitalization U.S. companies with high free cash flow yields. Companies with high free cash flow yields are commonly referred to as "cash cows". Under normal circumstances, at least 80% of the fund's total assets will be invested in U.S.-listed equity securities that are the component securities of the index.