Metaurus Advisors LLC Metaurus Advisors LLC is a Delaware limited liability company formed in 2016 and is an investment adviser that registered with the SEC in 2021. Metaurus Advisors’ registration as a commodity pool operator with the Commodity Futures Trading Commission (“CFTC”) and its membership with the National Futures Association (“NFA”) was approved on June 5, 2017. Metaurus is exempt from registration as a commodity trading advisor with the CFTC under CFTC Rule 4.14(a)(4). As of February 29, 2024, Metaurus Advisors had approximately $346 million in regulatory assets under management on a discretionary basis and $0 in assets on a non-discretionary basis. Among the clients of Metaurus is a private investment fund, Metaurus Transcend Commodity Partners, LP. For purposes of this Brochure, references to the “general partner” shall mean Metaurus’ related persons, and to Metaurus Capital LLC, an entity that serves as general partner to the private investment fund, which is organized as a limited partnership. Metaurus and the general partner are under common control and share common employees and/or officers. Employees and officers of the general partner are considered by Metaurus as “persons associated with” it (as that term is defined in section 202(a)(17) of the Advisers Act). As described in Item 10, personnel of the general partner will be subject to Metaurus’ overall supervision and policies and procedures. The relevant books and records of the general partner are the books and records of Metaurus for purposes of Section 204 of the Advisers Act. References to Metaurus in this Brochure also includes the general partner to the extent any of the general partner’s personnel engage in investment advisory activities. Metaurus Advisors LLC is a wholly owned subsidiary of Metaurus LLC, a Delaware limited liability company. Metaurus LLC, is in turn principally owned by KOA Investment Holdings LLC, a Delaware limited liability corporation. Metaurus Advisors’ headquarters are located at 22 Hudson Place, 3rd Floor, Hoboken, New Jersey 07730. Advisory Services Offered Metaurus provides a range of investment solutions and investment management services in accordance with applicable investment guidelines and restrictions, including, in some instances, applicable restrictions on investing in certain securities, or types of securities or other financial instruments, developed in consultation with the client, or in accordance with the mandate selected by the client (e.g., fixed income, cash management, equity, alternative, index, income, or multi-asset). Each pooled investment vehicle managed or otherwise advised by Metaurus (e.g., exchange traded products and funds (“ETFs”), private funds, and investment companies registered under the Investment Company Act of 1940), is and shall be managed in accordance with its investment guidelines and restrictions and generally is not tailored to the individualized needs of any particular fund shareholder or fund investor and an investment in such a vehicle does not, in and of itself, create an advisory relationship between the shareholder or investor and Metaurus. Metaurus uses both automated and/or manual processes, as appropriate, to manage portfolios in accordance with their stated portfolio investment guidelines and restrictions. The types of advisory services that Metaurus provides are disclosed in Metaurus Advisors’ Form ADV Part 1. Metaurus anticipates that in addition to pooled investment vehicles, ETFs, and separately managed accounts, its clients also may include high net worth individuals, individual retirement accounts (“IRAs”), estate planning trusts, and similar entities (collectively, “Individual Clients”), and institutional clients including, without limitation, Taft-Hartley and other retirement plans, corporations and other business entities, foundations, endowments, and other not-for-profit organizations (collectively, “Institutional Clients”). Metaurus currently provides advisory services to a separately managed account for an Institutional Client (the “SMA”), and to Metaurus Transcend Commodity Partners, LP (the “Commodity Fund”), a private pooled investment fund. Metaurus is also the sub-adviser to the Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (“Pacer Metaurus Fund”), which is a series fund of the Pacer Funds Trust. The Pacer Metaurus Fund is registered under the Investment Company Act of 1940. In providing investment management and advisory services to the Metaurus client accounts, subject to the terms of its governing documents, Metaurus formulates their investment objectives, directs and manages the investment and reinvestment of their assets, and provides reports and investment advice directly to them and not individually to any underlying investors. Other than any limitations set forth in the governing documents of these Metaurus client accounts, their underlying investors may not impose restrictions on Metaurus related to investing in certain securities or types of securities. Since December 2023, Metaurus provides consulting services to the investment manager of a qualified settlement fund (“QSF”) in connection with a class action pending in federal court. Metaurus provides the investment manager with its analysis concerning certain investment strategies of the QS. Metaurus does not provide investment advice or investment management services, and has no responsibility for the investment performance of the QSF. Under the agreement, the investment manager pays Metaurus a fixed fee for these services. * * * * * Metaurus provides investment management services to the SMA, and anticipates providing similar services to additional institutional and high net worth clients through separately managed accounts, as follows: An Institutional Client engaged Metaurus to manage the SMA pursuant to a negotiated investment management agreement (“IMA”). Metaurus developed the particular investment strategy for that account to meet the client’s individual investment and risk needs, as it intends to do for future Institutional Clients including in the form of additional separately managed accounts. Metaurus' institutional fixed income strategies extend across the yield curve. Guidelines for each client's fixed income strategy are designed with an aim to reflect the client’s particular investment needs. Metaurus offers both U.S. and non-U.S. investment strategies to institutional clients using a variety of investment styles, including separate dividend and growth strategies, broad-based domestic equities, and broad-based international equities that can be tailored to meet the specific needs of clients. Metaurus also anticipates that high net worth clients may retain it to manage their accounts typically by participating in a separately managed account

or wrap fee program (“HNW Program”) sponsored either by Metaurus or by a third-party investment adviser, broker-dealer or other financial services firm (the “Sponsor”). Generally, a HNW Program client will enter into an investment advisory agreement with Metaurus and/or the third-party Sponsor. Metaurus anticipates offering participants in the HNW Program investment strategies similar to those offered to institutional clients, as set forth above. HNW Program clients may be subject to additional fees, expenses, and charges (e.g., commissions on transactions executed by a broker-dealer other than the Sponsor or the program’s designated broker-dealer(s), expenses with respect to investments in pooled vehicles (such as ETFs and money market and other registered investment companies), dealer mark- ups or mark-downs on principal transactions, and certain costs or charges imposed by the Sponsor or a third party, such as odd-lot differentials, exchange fees, and transfer taxes mandated by law). Generally, Sponsors are responsible for providing clients with both this Brochure and other applicable brochures for the Sponsor's program (the “Program Brochure”). The Program Brochure for each Sponsor is also available through the SEC’s Investment Adviser Public Disclosure website. HNW Program clients should review the Sponsor’s Program Brochure for further details about the relevant program. Such clients should consider that, depending upon the rate of the wrap fee charged, the amount of trading activity, the value of custodial and other services provided and other factors, the wrap fee could exceed the aggregate costs of the services provided if they were to be obtained separately (although, in some cases, it is possible to obtain such services only through the program) and, with respect to brokerage, any transaction-based commissions paid by the account. Metaurus is not responsible for, and does not attempt to determine, whether a particular third-party HNW Program is suitable or advisable for program participants. Metaurus reserves the right, in its sole discretion, to reject any account referred to it by a Sponsor for any reason, including, but not limited to, the client’s stated investment goals and restrictions. Metaurus’ fees for managing HNW Program accounts may be less than the fees it may receive for managing similar accounts outside of a HNW Program. However, clients should be aware that, as discussed above, the total fees and expenses associated with a HNW Program can exceed those available if the services were acquired separately. Institutional Clients typically will consult with Metaurus at the outset of the client relationship and may establish customized investment guidelines applicable to Metaurus’ management of the client’s separate account. Such guidelines often vary significantly among Institutional Client separate accounts, even among client accounts with the same investment objective. The HNW Program client typically will select (in its program agreement) an investment strategy for Metaurus to utilize in connection with its management of the client’s account (e.g., U.S. dividend growth, long-term equity growth, U.S. short-term taxable fixed income). HNW Program accounts following the same investment strategy may be managed by Metaurus in accordance with a target portfolio (for equity securities) or model guidelines (for fixed income securities), subject to any reasonable individual investment restrictions agreed to with HNW clients. If this develops as anticipated, HNW Program accounts following the same investment strategy typically will hold the same or similar securities in accordance with the target portfolio or model guidelines, as applicable. Metaurus may serve as investment adviser for other entities or accounts in the future including, without limitation, to registered investment companies, single-investor funds, discretionary and non-discretionary advisory programs, private pooled investment vehicles, other investment advisers, and to individuals and institutional investors through separate account management. The types of clients to which Metaurus currently provides advisory services to are disclosed in Metaurus Advisors’ Form ADV Part 1 and summarized in Item 7 (Types of Clients) of this Brochure. Investment Strategies and Types of Investments Please see Item 8 (Methods of Analysis, Investment Strategies and Risk of Loss) for a description of the investment strategies employed by Metaurus and certain material risks inherent in such strategies. The descriptions set forth in this Brochure of specific advisory services Metaurus offers to clients, and investment strategies pursued and investments made by Metaurus on behalf of its clients, should not be understood to limit in any way Metaurus’ investment activities. Metaurus may offer any advisory services, engage in any investment strategy and make any investment, including any not described in this Brochure, that Metaurus considers appropriate, subject to each Metaurus client’s investment objectives and guidelines. The investment strategies Metaurus pursues are speculative and entail substantial risks. Clients and investors in these clients should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any client will be achieved. Availability of Customized Services for Individual Clients Depending on the nature of the client account and strategy, among other factors, Metaurus may permit Individual Clients to impose restrictions on investing in specific securities or types of securities. Metaurus Advisors does not accommodate investor-specific restrictions by investors in the Pacer Metaurus Fund, or the Commodity Fund. This Brochure is qualified in its entirety and superseded by each respective client account’s particular prospectus, offering memorandum, investment management agreement, limited partnership agreement, statement of additional information, key investor information document, or similar disclosure, offering or other governing documents, as applicable (collectively, “Offering Documents”). Except as set forth herein, Metaurus does not currently engage in business activities other than investment management services, nor does it provide financial planning or similar services (other than the general financial advice that investment advisers customarily provide in connection with their investment management services). Wrap Fee Programs Metaurus does not participate as either a sponsor or manager of any wrap fee programs. Client Assets Under Management As of February 29, 2024, Metaurus Advisors had approximately $346 million in regulatory assets under management, all of which are managed on a discretionary basis.