Pacer Funds Trust - Pacer S&P MidCap 400 Quality FCF Aristocrats ETF (NYSE Arca: MCOW) is a U.S.-listed, passively managed exchange-traded fund that seeks to track, before fees and expenses, the total-return performance of the S&P MidCap 400 Quality FCF Aristocrats Index. The Fund invests principally in equity securities of U.S. mid-capitalization companies represented in the S&P MidCap 400 that meet the index’s quality and free-cash-flow criteria, providing investors with diversified exposure to companies selected for sustained free cash flow generation and related financial-quality characteristics. MCOW is part of Pacer ETFs’ Quality Free Cash Flow product suite and is managed by Pacer Advisors, Inc.; its shares trade on NYSE Arca and are distributed by Pacer Financial, Inc., an affiliate of the investment adviser. Pacer Funds Trust is a Delaware statutory trust headquartered in Malvern, Pennsylvania, and is associated with Pacer ETFs, a U.S. strategy-driven ETF provider offering Trendpilot, Cash Cows, Custom ETF, Leaders, Factor, Swan SOS and Quality FCF investment strategies. MCOW was launched on August 27, 2025, expanding Pacer ETFs’ Free Cash Flow Aristocrats lineup with a mid-cap strategy alongside the large-cap LCOW and small-cap SCOW funds. In 2026, Pacer ETFs further broadened its S&P Dow Jones Indices-based Quality FCF platform through the launches of the Pacer S&P 500 Quality FCF R&D Leaders ETF and Pacer S&P 500 Quality FCF High Dividend ETF, reinforcing the firm’s strategic focus on transparent, rules-based free-cash-flow investment solutions across capitalization segments and investment objectives.