PSMD — Pacer Swan SOS Moderate (December) ETF ☆

The investment seeks to provide investors with returns that, before fees and expenses of the fund, match those of the SPDR® S&P 500® ETF Trust ("the Underlying ETF"). The fund is an actively managed exchange-traded fund ("ETF") that, under normal market conditions, invests substantially all of its assets in FLexible EXchange® Options ("FLEX Options") that reference the market price of the SPDR® S&P 500® ETF Trust (the "Underlying ETF"). It is non-diversified.