Pacer S&P 500 Quality FCF High Dividend ETF is an exchange-traded fund that tracks the S&P 500 Quality FCF High Dividend Index. It focuses on high dividend-yielding companies from the S&P 500 that demonstrate strong free cash flow (FCF) characteristics, selecting those with positive FCF and robust financial metrics like FCF margin and FCF return on invested capital. Free cash flow represents cash generated after covering operating expenses, taxes, interest, and capital expenditures, signaling operational efficiency and financial health. The ETF emphasizes quality large-cap U.S. stocks across sectors such as technology, financial services, healthcare, and communication services, excluding certain real estate and financial sub-industries. By prioritizing companies with sustainable dividends and disciplined capital allocation, it aims to deliver total return performance before fees, offering investors exposure to profitable S&P 500 constituents with attractive yields and potential for long-term capital appreciation in the equity market.