Dec. 20, 2021

PSCX	Pacer Swan SOS Conservative (January) ETF
PSCW	Pacer Swan SOS Conservative (April) ETF
PSCJ	Pacer Swan SOS Conservative (July) ETF
PSCQ	Pacer Swan SOS Conservative (October) ETF
PSMD	Pacer Swan SOS Moderate (January) ETF
PSMR	Pacer Swan SOS Moderate (April) ETF
PSMJ	Pacer Swan SOS Moderate (July) ETF
PSMO	Pacer Swan SOS Moderate (October) ETF
PSFD	Pacer Swan SOS Flex (January) ETF
PSFM	Pacer Swan SOS Flex (April) ETF
PSFJ	Pacer Swan SOS Flex (July) ETF
PSFO	Pacer Swan SOS Flex (October) ETF

(each, a “Fund” and together, the “Funds”)

Supplement dated December 20, 2021 to each Fund’s Summary Prospectus

and the Funds’ Prospectus, each dated December 23, 2020, as previously supplemented

As described in each Fund’s Summary Prospectus and the Funds’ Prospectus, shareholders are subject to a pre-determined upside return cap (“Cap”) from an investment in a Fund for a given period of approximately one year (the “Investment Period”).

On December 17, 2021, the previous Investment Period for the Pacer Swan SOS Conservative (January) ETF, the Pacer Swan SOS Moderate (January) ETF, and the Pacer Swan SOS Flex (January) ETF (collectively, the “Pacer Swan SOS January Series”) ended. A new Investment Period for the Pacer Swan SOS January Series began as of December 20, 2021 and will end on December 31, 2022. The Investment Period and Cap for each Fund is set forth below.

	Investment Period Start	Investment Period End	Cap (before Fund fees and expenses)	Cap (after Fund fees and expenses)
Pacer Swan SOS Conservative (January) ETF	December 20, 2021	December 31, 2022	8.60%	7.85%
Pacer Swan SOS Conservative (April) ETF	April 1, 2021	March 31, 2022	9.10%	8.35%
Pacer Swan SOS Conservative (July) ETF	July 1, 2021	June 30, 2022	7.15%	6.40%
Pacer Swan SOS Conservative (October) ETF	October 1, 2021	September 30, 2022	7.56%	6.81%
Pacer Swan SOS Moderate (January) ETF	December 20, 2021	December 31, 2022	10.30%	9.55%
Pacer Swan SOS Moderate (April) ETF	April 1, 2021	March 31, 2022	10.48%	9.73%
Pacer Swan SOS Moderate (July) ETF	July 1, 2021	June 30, 2022	7.95%	7.20%
Pacer Swan SOS Moderate (October) ETF	October 1, 2021	September 30, 2022	9.07%	8.32%
Pacer Swan SOS Flex (January) ETF	December 20, 2021	December 31, 2022	14.70%	13.95%
Pacer Swan SOS Flex (April) ETF	April 1, 2021	March 31, 2022	16.04%	15.29%
Pacer Swan SOS Flex (July) ETF	July 1, 2021	June 30, 2022	11.30%	10.55%
Pacer Swan SOS Flex (October) ETF	October 1, 2021	September 30, 2022	12.98%	12.23%

Please retain this Supplement with your Prospectus for future reference.

Pacer Swan SOS Conservative (January) ETF

Pacer Swan SOS Conservative (January) ETF

Pacer Swan SOS Conservative (April) ETF

Pacer Swan SOS Conservative (April) ETF

Pacer Swan SOS Conservative (July) ETF

Pacer Swan SOS Conservative (July) ETF

Pacer Swan SOS Conservative (October) ETF

Pacer Swan SOS Conservative (October) ETF

Pacer Swan SOS Moderate (January) ETF

Pacer Swan SOS Moderate (January) ETF

Pacer Swan SOS Moderate (April) ETF

Pacer Swan SOS Moderate (April) ETF

Pacer Swan SOS Moderate (July) ETF

Pacer Swan SOS Moderate (July) ETF

Pacer Swan SOS Moderate (October) ETF

Pacer Swan SOS Moderate (October) ETF

Pacer Swan SOS Flex (January) ETF

Pacer Swan SOS Flex (January) ETF

Pacer Swan SOS Flex (April) ETF

Pacer Swan SOS Flex (April) ETF

Pacer Swan SOS Flex (July) ETF

Pacer Swan SOS Flex (July) ETF

Pacer Swan SOS Flex (October) ETF

Pacer Swan SOS Flex (October) ETF