Please note that certain financial measures used in this call

The fund carries a.59% annual expense.ICOW is the Pacer Developed Markets International Cash Cows 100 ETF. This fund applies the cash cows methodology to the FTSE Developed ex US Index and carries a.65% expense ratio. The fund’s index is the Pacer Developed Markets International Cash Cows 100 Index.Interestingly the two funds have a slightly higher expense ratios than the two existing funds.Both funds were launched a little less than two months ago on June 16th, 2017.

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