| Investment Objective: |
The Pacer Aristotle Pacific Floating Rate High Income ETF is an exchange traded fund that seeks to provide a high level of current income. Aristotle Pacific Capital, LLC (the "Sub-Adviser") seeks to achieve the Fund's investment objective by selecting a focused portfolio comprised primarily of income-producing adjustable rate securities. The Fund will invest at least 80% of its net assets in senior secured floating rate loans and other adjustable rate securities. Other adjustable rate securities will typically include collateralized loan obligations ("CLOs"), asset-backed securities ("ABS"), and commercial mortgage backed securities ("CMBS") (collectively, "Adjustable Rate Securities"). The Fund is expected to invest primarily in loans and Adjustable Rate Securities that are rated below investment grade (i.e., high yield securities, sometimes called "junk bonds" or non-investment grade securities) or, if unrated, of comparable quality as determined by the Sub-Adviser, each at the time of purchase. The Fund may invest in U.S.-dollar denominated senior floating rate loans and Adjustable Rate Securities of domestic and foreign issuers. Senior floating rate loans are debt instruments that may have a right to payment that is senior to most other debts of borrowers. |
