PACER BENCHMARK REAL ESTATE SECTOR STRATEGIES - Institutional Presentation

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PACER BENCHMARK REAL ESTATE SECTOR STRATEGIES - Institutional Presentation
Institutional Presentation
                           PACER BENCHMARK REAL ESTATE SECTOR STRATEGIES
                                                                               Thematic Growth

FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR USE WITH THE INVESTING PUBLIC.
PACER BENCHMARK REAL ESTATE SCTRSM INDEX SECURITIES SELECTION

  The Pacer Benchmark Real Estate SCTRSM ETFs aim to hold global developed market companies that generate the majority of
  their profits from real estate operations in specific sectors.

                                                                                                                                           1
                                                                                                               Benchmark Composite Real Estate SCTRSM
                                                                                                               Index
                                                                                                                  The global developed equity market is screened for
                                                                                                                  companies generating at least 85% of revenues from
                                   ETF                               Intraday                                     real estate operations to develop the index universe.
                                   Inception   Benchmark Total       Indicative                Rebalanced &
ETF Name              ETF Ticker   Date        Index     Expenses    Value Ticker   CUSIP      Reconstituted

Pacer Benchmark
                                             FTSE Nareit
                                                                                                                                            2
Data & Infrastructure
                      SRVR         5/15/2018 All Equity  0.60%       SRVR.IV        69374H741 Quarterly        Sector Screen
Real Estate SCTRSM
                                             REITs Index                                                               Qualified companies are screened by:
ETF
                                                                                                                            • Property type
                                                                                                                            • Tenant type
                                                                                                                            • Revenue type
Pacer Benchmark                              FTSE Nareit                                                               To assign companies to their proper sector
Industrial Real       INDS         5/14/2018 All Equity  0.60%       INDS.IV        69374H766 Quarterly
Estate SCTRSM ETF                            REITs Index
                                                                                                                                            3
                                                                                                               The Index
                                                                                                                     • Companies must meet a market cap and liquidity
                                                                                                                     threshold
                                                                                                                     • Weighted by modified market cap
                                                                                                                     • Rebalanced and Reconstituted Quarterly

FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR USE WITH THE INVESTING PUBLIC.                                                                                              2
THEMATIC GROWTH: 5G, CLOUD COMPUTING, AND E-COMMERCE

      THE NEW TECHNOLOGY REVOLUTION
      Buzz words like 5G, the Internet of Things, and the Cloud have been discussed for years. It is not until recently that this technology has started to take shape.

                                                                                                                   THE INTERNET BY 2022
                                                                                                                                More Internet      More Devices & Faster Broadband      More Video
                                            Internet of Things                                                                     Users            Connections        Speeds            Viewing

                                                 Autonomous
                                                   Vehicles
                                      AI
                                                                       The Cloud                                                     1.7                  8.6                46.2          74% of
                                                                                                                     2017
                                                       5G                                                                           Billion              Billion             Mbps          Traffic
                            E-Commerce                                                                                                2.6                   13.1             98.8         84% of
                                                                                                                     2022
                                                                                                                                    Billion                Billion           Mbps         Traffic
                                                               Streaming
                                                                                                                   Source: Cisco VNI Global IP Traffic Forecast, 2017-2022

                                                                                                                   • 5G speeds will be 13 times higher than the average mobile
                                                                                                                     connection by 2023. The average 5G connection speed will reach 575 Mbps
                                                                                                                     by 2023.
         •   Internet of Things – the interconnection between everyday objects and your
             computing devices. Your doorbell ringing can now be announced through your Amazon
             Alexa or through an app on your phone.
         •   Autonomous Vehicles – a self-driving car that may not even need a human inside to                     TO SUPPORT THIS INTERNET DEMAND:
             operate.                                                                                              • $230 Billion
         •   Artificial Intelligence – robots, computer systems, or other inanimate objects soon                     Global Data Center Infrastructure market is projected to grow at a CAGR (compound
             will have the ability to perform human tasks.                                                           annual growth rate) of 6.79% reaching a total market size of US$230.169 billion in
         •   The Cloud – a place where data is stored and accessed by internet users.                                2025 from US$155.201 billion in 2019.1
         •   E-Commerce – the online presence of buying, delivering and selling goods.                             • $325 Billion
         •   5G – fifth generation wireless will allow for larger amounts of data to be transported                  Increase in infrastructure spending for 5G by 2025
             in shorter amounts of time.
         •   Streaming – the act of downloading or receiving data, specifically audio and video
             material, over an internet network continuously while the video plays.

 www.researchandmarkets.com
(1)

FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR USE WITH THE INVESTING PUBLIC.                                                                                                                              3
THE ECOSYSTEM OF TECHNOLOGY’S MISSION CRITICAL ASSETS

  The economy relies on an increasingly sophisticated foundation of: Data Centers, Fiber Optic Networks and Wireless Towers to power cloud-based platforms, 5G
  networks, and e-commerce.

             Data Centers                           Fiber Optic Networks                          Wireless Towers                         Distribution Centers

  The cloud physically exists in the form of   Streaming providers buy bandwidth from     Towers and antenna are key in             Large warehouses, which contain
  data centers. Massive warehouses are         fiber optic networks to deliver content    transferring data across the globe.       distribution centers, exist all over
  home to hundreds of servers, allowing        to the service providers present in        Today’s technology demands reliability    the country and allow for e-commerce
  for information to pass from device to       individual networks.                       and speed. Now, wires are not needed to   distributors to deliver goods to your door
  device.                                                                                 transfer data.                            as quickly and efficiently as possible.
                                                                                                                                    As soon as an online order is placed,
                                                                                                                                    the surrounding infrastructure begins to
                                                                                                                                    work.

  Companies included in the                                                              Companies included in the
  Benchmark Data & Infrastructure Real Estate SCTR Index enable:                         Benchmark Industrial Real Estate SCTR Index enable:
    • Working from home                                                                    • E-commerce distribution
    • Streaming & Gaming                                                                   • Cold storage
    • Video Conferencing                                                                   • Import and export of goods

FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR USE WITH THE INVESTING PUBLIC.                                                                                                     4
DATA AND INFRASTRUCTURE REAL ESTATE: THE BACKBONE OF TECH

  In order for this new wave of technology to come to fruition, the digital and physical infrastructure must be built out.

  THE SPENDERS                                                                                                                                       THE RECEIVERS
  A “spender” is the network operator and cloud computing provider that incur expense to provide: 		                                                 A “receiver” is the owner of the tech infrastructure, such as:
     • 5G communication                                                                                                                                 • Data centers
     • Cloud services                                                                                                                                   • Cell tower companies
     • Data services
                                                                                                                                                     These companies earn lease revenue from the spenders. Each mobile network has driven a
  A data center is the physical location of the cloud. As the demand for faster service escalates,                                                   higher level of spending. The 5G build out will require an increase in spending for Network
  network operators and cloud computing providers have been tasked with this build out. The                                                          Carriers which may directly benefit the Cell Tower REITs.
  growth in data center spending by leading cloud providers has driven higher revenue growth for
  Data Center REITs.

  DATA CENTER REVENUE AND CLOUD SPENDING                                                                                                             5G CELL TOWER REVENUE VS TELECOM SPENDING
                     $180,000                                                                                                                                                 60.00                                                                                                          16,000
                                  Capex of Major Companies Driving Data center-Related Capex                14,000                                                                            ATT/Verizon Spending              4G
                     $160,000     Estimated Capex of Major Companies Driving Data center-Related Capex                                                                                                                                                                                       14,000
                                                                                                                                                                                              1G                                5G                                               5G
                                  Major Data Center REITs Revenue                                                                                                             50.00
                     $140,000
                                                                                                            12,000                                                                            2G                                American Tower & Crown
                                                                                                                                                                                                                                                                                             12,000
                                                                                                                                                                                                                                Castle Revenue

                                                                                                                     Data Center Revenue (Million)
                                                                                                                                                                                              3G

                                                                                                                                                                                                                                                                                                      AMT CCI Revenue (Million)
                                   Revenue of Major Data
                                                                                                                                                                                                                                                                 4G

                                                                                                                                                     ATT VZ CapEX (BIllion)
                     $120,000      Center REITs                                                             10,000                                                            40.00
                                                                                                                                                                                                                                                                                             10,000
                                                                                                                                                                                                                         ATT/Verizon Spending
   CapEx (Million)

                     $100,000
                                                                                                            8,000
                                                                                                                                                                              30.00
                                                                                                                                                                                                                                   3G                                                        8,000
                      $80,000
                                                                                                            6,000
                                                                                                                                                                                                                2G                                                                           6,000
                      $60,000                                                                                                                                                 20.00
                                                                                                            4,000                                                                                                                                                                            4,000
                      $40,000
                                                                                                                                                                                         1G
                                                                                                                                                                              10.00
                                                                                                            2,000                                                                                                                                                                            2,000
                      $20,000                                                                                                                                                                                                                               American Tower &
                                                                                                                                                                                                                                                            Crown Castle Revenue
                           $0                                                                               0                                                                  0.00                                                                                                          0
                                CY2015   CY2016     CY2017    CY2018     CY2019    CY2020 CY2021E CY2022E                                                                             1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020

*Capex is based on estimation for 2020. Data center revenue is last 12 months as of September 2020.
Source: FactSet, RBC
FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR USE WITH THE INVESTING PUBLIC.                                                                                                                                                                                                                                                      5
BENCHMARK DATA & INFRASTRUCTURE REAL ESTATE SCTRSM INDEX
      Retrospectively calculated Benchmark Data & Infrastructure Real Estate SCTRSM Index performance is shown net of fees.

      HYPOTHETICAL GROWTH OF $10,0001                                                                                                              HISTORICAL PERFORMANCE, VOLATILITY
      3/16/2007 – 9/30/2021                                                                                                                        COMPARISON AND UPSIDE/DOWNSIDE CAPTURE
                                                                                                                                                   (%)1
                                                                                                                                                   3/16/2007 – 9/30/2021
       $70,000
                                                                                                                                                                       Benchmark Data &
                      Benchmark Data & Infrastructure Real Estate SCTRSM Index                                                                                         Infrastructure Real            FTSE Nareit All Equity
                      FTSE Nareit All Equity REITs Index                                                                                                              Estate SCTRSM Index                 REITs Index
       $60,000                                                                                                                                     Annualized
                                                                                                                                                                                 12.14                          6.41
                                                                                                                                                   Average Return
                                                                                                                                         $52,972   Annualized
                                                                                                                                                                                 24.51                         33.20
       $50,000                                                                                                                                     Volatility
                                                                                                                                                   Upside
                                                                                                                                                                                 86.71                        100.00
                                                                                                                                                   Capture
       $40,000                                                                                                                                     Downside
                                                                                                                                                                                 62.15                        100.00
                                                                                                                                                   Capture

       $30,000

                                                                                                                                         $24,693

       $20,000

       $10,000

           $0
          3/16/2007         3/16/2009     3/16/2011      3/16/2013        3/16/2015        3/16/2017        3/16/2019        3/16/2021

 All Indexes shown are Total Return Indexes.
(1)

Source: Benchmark and Bloomberg. Nasdaq is the independent index calculation agent. The hypothetical backtested index performance of the Benchmark Data & Infrastructure Real Estate SCTR Index is shown net of fees
and reflects the reinvestment of dividends. The annual total expense is 0.60%. The Index was released on 12/28/2017. Any data shown prior to this date is hypothetical, retrospectively calculated, and is based on rules-
based criteria applied retroactively with the benefit of hindsight and knowledge of factors that may have positively affected its performance, and cannot account for all financial risk or market and economic factors that may
affect the actual performance. The actual performance of the Index may vary significantly from the backtested index data. The results shown are hypothetical and do not reflect actual returns.
PAST PERFORMANCE (WHETHER RETROSPECTIVELY CALCULATED OR ACTUAL HISTORICAL) IS NOT INDICATIVE OF FUTURE RESULTS. YOU CANNOT INVEST DIRECTLY IN AN INDEX.
FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR USE WITH THE INVESTING PUBLIC.                                                                                                                                                     6
BENCHMARK DATA & INFRASTRUCTURE REAL ESTATE SCTRSM INDEX

  TOP 10 HOLDINGS
  as of 9/30/2021

   Company                                          Sub-Sector                                              Weight (%)                            Area it Effects
   Equinix, Inc.                                    Data Infrastructure                                        15.13                              AI, Big Data, IoT
   American Tower Corporation                       Tech Infrastructure: Telecommunications                    14.68                              5G, IoT, Mobile Data
   Crown Castle International Corp                  Tech Infrastructure: Telecommunications                    14.38                              5G, IoT, Mobile Data
   CyrusOne Inc.                                    Data Infrastructure                                         4.87                              AI, Big Data, IoT
   Lamar Advertising Company Class A                Tech Infrastructure: General                                4.83                              Media, Mobile Data
   SBA Communications Corp. Class A                 Tech Infrastructure: Telecommunications                     4.46                              5G, IoT, Mobile Data
   Iron Mountain, Inc.                              Data Infrastructure                                         4.41                              AI, Big Data, IoT
   Cellnex Telecom S.A.                             Tech Infrastructure: Telecommunications                     4.37                              5G, IoT, Mobile Data
   Digital Realty Trust, Inc.                       Data Infrastructure                                         4.27                              AI, Big Data, IoT
   GDS Holdings Ltd. Sponsored ADR Class A          Data Infrastructure                                         3.87                              AI, Big Data, IoT
   Total                                                                                                       75.27

  INDEX CHARACTERISTICS                                                                       SUB-SECTOR BREAKDOWN
  as of 9/30/2021                                                                             as of 9/30/2021

                                                                                                                           9.91% Tech Infrastructure:
   Weighted Average Market Cap ($mil)                                     47,468.21                                        General

   Dividend Yield (%)                                                       2.09
   Price to Funds From Operations (FFO)                                    31.38

  Source: FactSet, Benchmark
                                                                                              44.46% Data Infrastructure                                                 45.63% Tech
                                                                                                                                                                         Infrastructure:
                                                                                                                                                                         Telecommunications

FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR USE WITH THE INVESTING PUBLIC.                                                                                                                  7
INDUSTRIAL REAL ESTATE: RAPID GROWTH AND EXPANSION

      Over the past decade, there has been significant incremental demand for space.

      INCREMENTAL DEMAND FOR SPACE                                                                                   CONSUMPTION EVOLUTION
      E-Commerce users require 3x the logistics space, or more, as compared with brick-and-mortar.                   Old Model                             New model
                                                                                                                      •   Price-driven                      •   Data-driven (Labor & Consumer)
      Projected incremental 406 million square feet through 2022 needed to keep up with expected                      •   Distribution-market focused       •   Consumption-market focused
      growth in e-commerce sales1 and related supply chain reconfiguration.2                                          •   Designed for big box retail       •   Designed for the consumer
                                                                                                                      •   Rigid                             •   Dynamic

                               200
                                                                                                                      Fulfillment Distribution Center                 Sortation Center
                                                                                                                            Typical range 500k - 1.0m SF           Typical size 200k - 500k SF
                                                                                                              155
                               150
                                                                                                       134
         Millions of Square Feet

                                                                                                117

                                                                                         100
                               100

                                                                            60     64
                                                                    49
                                   50                  38
                                                              42                                                                 Delivery Station                      Prime Now Hub
                                         31     31                                                                            Typical size 50k - 200k SF            Typical size 25k - 50k SF

                                    0
                                        2012   2013   2014   2015   2016   2017   2018   2019   2020   2021   2022

 Assumes E-comm sales growth of 15%, which is consistent with the actual 2018 growth rate of 14% and actual 2019 growth rate of 15%.
(1)

 Metric per CBRE, Cushman & Wakefield, NAIOP
(2)

FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR USE WITH THE INVESTING PUBLIC.                                                                                                                     8
BENCHMARK INDUSTRIAL REAL ESTATE SCTRSM INDEX
      Retrospectively calculated Benchmark Industrial Real Estate SCTRSM Index performance is shown net of fees.

                                                                                                                                               HISTORICAL PERFORMANCE, VOLATILITY
      HYPOTHETICAL GROWTH OF $10,0001                                                                                                          COMPARISON AND UPSIDE/DOWNSIDE CAPTURE
      3/16/2007 – 9/30/2021
                                                                                                                                               (%)1
                                                                                                                                               3/16/2007 – 9/30/2021
      $50,000
                                                                                                                                                                     Benchmark Industrial
                     Benchmark Industrial Real Estate SCTRSM Index                                                                                                    Real Estate SCTRSM          FTSE Nareit All Equity
      $45,000        FTSE Nareit All Equity REITs Index                                                                                                                      Index                    REITs Index
                                                                                                                                               Annualized
                                                                                                                                                                               9.96                         6.41
      $40,000                                                                                                                        $39,797   Average Return
                                                                                                                                               Annualized
                                                                                                                                                                              34.13                        33.20
      $35,000                                                                                                                                  Volatility
                                                                                                                                               Upside
                                                                                                                                                                             108.21                       100.00
      $30,000
                                                                                                                                               Capture
                                                                                                                                               Downside
                                                                                                                                                                              96.14                       100.00
                                                                                                                                               Capture
      $25,000                                                                                                                        $24,693

      $20,000

      $15,000

      $10,000

       $5,000

          $0
         3/16/2007        3/16/2009      3/16/2011     3/16/2013       3/16/2015        3/16/2017       3/16/2019        3/16/2021

  All Indexes shown are Total Return Indexes.
(1)

Source: Benchmark and Bloomberg. Nasdaq is the independent index calculation agent. The hypothetical backtested index performance of the Benchmark Industrial Real Estate SCTR Index is shown net of fees and reflects
the reinvestment of dividends. The annual total expense is 0.60%. The Index was released on 12/28/2017. Any data shown prior to this date is hypothetical, retrospectively calculated, and is based on rules-based criteria
applied retroactively with the benefit of hindsight and knowledge of factors that may have positively affected its performance, and cannot account for all financial risk or market and economic factors that may affect the
actual performance. The actual performance of the Index may vary significantly from the backtested index data. The results shown are hypothetical and do not reflect actual returns.
PAST PERFORMANCE (WHETHER RETROSPECTIVELY CALCULATED OR ACTUAL HISTORICAL) IS NOT INDICATIVE OF FUTURE RESULTS. YOU CANNOT INVEST DIRECTLY IN AN INDEX.
FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR USE WITH THE INVESTING PUBLIC.                                                                                                                                                 9
BENCHMARK INDUSTRIAL REAL ESTATE SCTRSM INDEX

  TOP 10 HOLDINGS                                                                    SUB-SECTOR BREAKDOWN
  as of 9/30/2021                                                                    as of 9/30/2021

   Company                                Sub Sector                    Weight (%)
   Prologis, Inc.                         Industrial                       15.01
                                                                                               18.62% Warehouse
   Duke Realty Corporation                Industrial                       14.69
   Life Storage, Inc.                     Warehouse                        10.25
   PS Business Parks, Inc.                Industrial                       4.82
   Monmouth Real Estate Investment
                                          Industrial                       4.75
   Corporation Class A
   Terreno Realty Corporation             Industrial                       4.58
   Lexington Realty Trust                 Industrial                       4.56                                   81.38% Industrial
   Innovative Industrial Properties Inc   Warehouse                        4.55
   First Industrial Realty Trust, Inc.    Industrial                       4.50
   STAG Industrial, Inc.                  Industrial                       4.49
   Total                                                                   72.20

  INDEX CHARACTERISTICS
  as of 9/30/2021

   Weighted Average Market Cap ($mil)                                 20,472.62
   Dividend Yield (%)                                                   2.68
   Price to Funds From Operations (FFO)                                 29.43

  Source: FactSet, Benchmark

FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR USE WITH THE INVESTING PUBLIC.                                                          10
COMPLEMENT AN EXISTING EQUITY POSITION

  The Pacer Benchmark Real Estate Sector ETFs are designed as an alternative strategy for an existing equity portfolio.
  As an alternative strategy alongside alpha and beta equities, investors may experience reduced volatility and downside risk.

                        SAMPLE PORTFOLIO ALLOCATION                                                             PROFILE OF USERS

                                                                                                                Traditional alternative sleeve:
                                                                                                                • Broad based real estate
                                           40%                                                                  • Real estate that is growth oriented
                                           Bonds
                             50%                                           60%10%
                                                                               Equity
                             Equity                                           Alternatives                      Fixed income replacement:
                                                                                                                • Potentially higher yield
                                                                                                                • Not as sensitive to rising rates

                                                                                                                Core equity holding:
                                                                                  1. REITs                      • Complement long only stocks
                                                                                  (Traded & Non-Traded)         • Less volatility
                                          10% Alternatives                        2. Commodities                • Potentially higher dividend yield
                                                                                  3. Hedge Funds
                                                                                  4. Private Equity

FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR USE WITH THE INVESTING PUBLIC.                                                                            11
LIVE PERFORMANCE

                                                                                                                        Total Returns (%) as of 9/30/21                             Total Returns (%) as of 9/30/21
                                                            Total         Fund                                                                                                                                         Since Fund
                                               Ticker     Expenses      Inception                          1 Month                 3 Month                YTD             1 Year          3 Year          5 Year        Inception

Pacer Benchmark Industrial Real                                                      NAV                        -6.82                2.17                 20.27           32.74           22.70            N/A            20.82
Estate SCTR ETF
                                                INDS        0.60%        5/14/18
                                                                                     Market Price               -6.71                2.08                 20.38           32.62           22.71            N/A            20.81
Benchmark Industrial Real Estate SCTR Index                                                                     -6.90                2.25                 20.87           33.63           23.71            N/A            21.73

Pacer Benchmark Data &                                                               NAV                        -6.86               -3.07                 9.56            11.91           16.18            N/A            16.71
Infrastructure Real Estate SCTR ETF
                                               SRVR         0.60%        5/15/18
                                                                                     Market Price               -6.96               -3.22                 9.70            11.75           16.10            N/A            16.66
Benchmark Data & Infrastructure Real Estate SCTR Index                                                          -6.78               -2.85                 9.96            12.59           17.03            N/A            17.61

Returns less than 1 year are cumulative. Returns greater than 1 year are annualized.
Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate, so shares may be worth more or less when redeemed or sold.
Current performance may be lower or higher than the performance quoted. Visit http://www.paceretfs.com for the most recent month-end performance. Index returns are for illustrative purposes only.
Index performance does not reflect any management fees, transaction costs, or expenses. You cannot invest directly in an index.
NAV (net asset value) is the value of one share of the Fund calculated daily. The NAV return is based on the NAV of the Fund. It may not reflect the actual return for the investor.
Market Price is the price investors can buy and sell ETF shares for in the stock market and is used to calculate market return. It is based on the price at the NYSE listed exchange market close. This is when NAV is
determined for most ETFs. If shares trade at another time, the return may differ. Market and NAV returns assume that dividends and capital gain distributions have been reinvested in the Fund at Market Price and NAV
respectively.

BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER THE FUNDS’ INVESTMENT                                                To learn more about the Index methodology, please visit www.investbenchmark.com or call 877-337-0500.
OBJECTIVES, RISKS, CHARGES, AND EXPENSES. THIS AND OTHER INFORMATION IS
IN THE PROSPECTUS. A COPY MAY BE OBTAINED BY VISITING                                                               DEFINITIONS OF CERTAIN DEFINED TERMS USED HEREIN:
WWW.PACERETFS.COM OR CALLING 1-877-337-0500. PLEASE READ THE                                                        Annualized average return represents the calculated hypothetical rate of return that, if cumulatively
                                                                                                                    applied to each relevant annual period during the time period indicated, would result in the actual cumulative
PROSPECTUS CAREFULLY BEFORE INVESTING.                                                                              rate of return for the entire period.
An investment in the Funds is subject to investment risk, including the possible loss of principal. Pacer ETF       Upside/downside capture ratio shows you whether a given fund has outperformed--gained more or lost
shares may be bought and sold on an exchange through a brokerage account. Brokerage commissions                     less than--a broad market benchmark during periods of market strength and weakness.
and ETF expenses will reduce investment returns. There can be no assurance that an active trading market            Annualized volatility is based on monthly returns from the most recent date indicated on the page and
for ETF shares will be developed or maintained. The risks associated with this fund are detailed in the             expressed as a standard deviation percentage. Standard deviation is a measure of volatility and illustrates the
prospectus and could include factors such as calculation methodology risk, concentration in real estate risk,       extent of variation (whether higher or lower) that exists from the average given set of results. A low standard
currency exchange rate risk, equity market risk, ETF risks, foreign securities risk, geographic concentration       deviation indicates that the results tend to be very close to the average result (a low degree of volatility). In
risk, international operations risk, large and mid-capitalization investing risk, limited operating history,        contrast, a high standard deviation indicates that the results are spread out over a large range of outcomes
non-diversification risk, passive investment risk, real estate companies risk, REIT investment risk, small-         (a high degree of volatility). Because the standard deviation is based on historical data, it may not predict
capitalization companies risk, tax risk, tracking risk, and/or special risks of exchange traded funds.              variability in annualized performance of the Pacer ETFs in the future.
                                                                                                                    Price to funds from operations is a measure of the cash generated by a REIT; real estate companies use
Benchmark Data & Infrastructure Real Estate SCTR Index and Benchmark Industrial Real Estate SCTR Index              FFO as an operating performance benchmark. FFO is calculated by adding depreciation and amortization to
are trademarks of Benchmark Investments, LLC and have been licensed for use by Pacer Advisors, Inc. The             earnings and then subtracting any gains on sales.
Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF and Pacer Benchmark Industrial Real Estate
SCTR ETF are not sponsored, endorsed, sold or promoted by Benchmark Investments, LLC and Benchmark
Investments, LLC makes no representation or warranty regarding the advisability of investing in this Pacer
Benchmark Data & Infrastructure Real Estate SCTR ETF and Pacer Benchmark Industrial Real Estate SCTR

                                                                                                                                                                         PACER ETFs
ETF.

Distributor: Pacer Financial, Inc., member FINRA, SIPC, an affiliate of Pacer Advisors, Inc.
FOR FINANCIAL PROFESSIONAL USE ONLY. NOT FOR USE WITH THE INVESTING PUBLIC.
NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED                                                                                                                                 877-337-0500 § www.paceretfs.com
PCR1851_RESPB		                 9/30/21
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