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The Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Metaurus US Large Cap Dividend Multiplier Index - Series 400. The fund aims to provide cash distributions equal to 400% of the S&P 500 ordinary yield in exchange for modestly lower exposure (approximately 88%) to the S&P 500 Index performance.