INDS concentrates on developed market firms that derive the bulk of their revenue from the industrial real estate sector. This includes industrial services such as warehouses and distribution centers, as well as self-storage facilities. Companies contained in the GPR 250 Index, that meet certain market cap and liquidity thresholds, are included in the portfolio. A significant portion of the fund is expected to be composed of REITs, which may be highly leveraged. Holdings are market cap-weighted, subject to the ff. constraints: single security weights are capped at 15% and the aggregate weight of companies with more than 4.5% weights cannot exceed 45%. The index also caps its exposure to non-self-storage firms to a maximum of 80%. The index reconstitutes and rebalances quarterly. Before Dec. 3, 2021, the index was called Benchmark Industrial Real Estate SCTR Index. Prior to Nov. 1, 2022, the fund name and underlying index were Pacer Benchmark Industrial Real Estate SCTR ETF and Kelly Industrial Real Estate Index, respectively.