UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-23024
Pacer Funds Trust
(Exact name of registrant as specified in charter)
500 Chesterfield Parkway
Malvern, PA 19355
(Address of principal executive offices) (Zip code)
Joe M. Thomson, President
500 Chesterfield Parkway
Malvern, PA 19355
(Name and address of agent for service)
610-644-8100
Registrant’s telephone number, including area code
Date of fiscal year end: April 30
Date of reporting period: May 1, 2024 through October 31, 2024
Item 1. Reports to Stockholders.
| | |
| Pacer Cash Cows Fund of Funds ETF | |
HERD (Principal U.S. Listing Exchange: NasdaqNASDAQ) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Cash Cows Fund of Funds ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Cash Cows Fund of Funds ETF | $8 | 0.15% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $90,613,863 |
Number of Holdings | 5 |
Portfolio Turnover | 2% |
30-Day SEC Yield | 2.50% |
30-Day SEC Yield Unsubsidized | 2.50% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Pacer US Cash Cows 100 ETF | 20.3% |
Pacer US Cash Cows Growth ETF | 20.3% |
Pacer Global Cash Cows Dividend ETF | 19.9% |
Pacer US Small Cap Cash Cows 100 ETF | 19.8% |
Pacer Developed Markets International Cash Cows 100 ETF | 19.6% |
| |
Top Sectors** | (%) |
Cash & Other | 100.0% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Cash Cows Fund of Funds ETF | PAGE 1 | TSR-SAR-69374H659 |
| | |
| Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF | |
| SZNE (Principal U.S. Listing Exchange: NYSE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF | $30 | 0.60% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $33,407,223 |
Number of Holdings | 226 |
Portfolio Turnover | 101% |
30-Day SEC Yield | 1.48% |
30-Day SEC Yield Unsubsidized | 1.48% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Mount Vernon Liquid Assets Portfolio, LLC | 12.5% |
Steel Dynamics, Inc. | 1.0% |
Vulcan Materials Co. | 1.0% |
Smurfit WestRock PLC | 1.0% |
Air Products & Chemicals, Inc. | 1.0% |
Packaging Corp. of America | 1.0% |
International Paper Co. | 1.0% |
Albemarle Corp. | 1.0% |
Martin Marietta Materials, Inc. | 1.0% |
Corteva, Inc. | 1.0% |
| |
Top Sectors** | (%) |
Materials | 25.2% |
Industrials | 25.2% |
Consumer Discretionary | 25.0% |
Information Technology | 24.3% |
Cash & Other | 0.3% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF | PAGE 1 | TSR-SAR-69374H691 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF | PAGE 2 | TSR-SAR-69374H691 |
| | |
| Pacer Data & Infrastructure Real Estate ETF | |
| SRVR (Principal U.S. Listing Exchange: NYSE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Data & Infrastructure Real Estate ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Data & Infrastructure Real Estate ETF | $31 | 0.55% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $461,250,931 |
Number of Holdings | 21 |
Portfolio Turnover | 20% |
30-Day SEC Yield | 2.68% |
30-Day SEC Yield Unsubsidized | 2.63% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Digital Realty Trust, Inc. | 16.8% |
Equinix, Inc. | 15.6% |
American Tower Corp. | 13.4% |
Mount Vernon Liquid Assets Portfolio, LLC | 7.6% |
China Tower Corp. Ltd. | 5.0% |
Iron Mountain, Inc. | 4.7% |
Iridium Communications, Inc. | 4.3% |
SBA Communications Corp. | 4.2% |
NEXTDC Ltd. | 4.2% |
Infrastrutture Wireless Italiane SpA | 4.1% |
| |
Top Sectors** | (%) |
Real Estate | 63.7% |
Communication Services | 24.9% |
Information Technology | 7.6% |
Financials | 3.8% |
Cash & Other | 0.0% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Data & Infrastructure Real Estate ETF | PAGE 1 | TSR-SAR-69374H741 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Data & Infrastructure Real Estate ETF | PAGE 2 | TSR-SAR-69374H741 |
| | |
| Pacer Data and Digital Revolution ETF | |
| TRFK (Principal U.S. Listing Exchange: NYSE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Data and Digital Revolution ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Data and Digital Revolution ETF | $33 | 0.60% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $43,137,075 |
Number of Holdings | 76 |
Portfolio Turnover | 28% |
30-Day SEC Yield | 0.09% |
30-Day SEC Yield Unsubsidized | 0.09% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Oracle Corp. | 11.2% |
Nvidia Corp. | 11.1% |
Broadcom, Inc. | 10.1% |
Advanced Micro Devices, Inc. | 4.6% |
Cisco Systems, Inc. | 4.3% |
Intel Corp. | 4.1% |
Motorola Solutions, Inc. | 3.3% |
Marvell Technology, Inc. | 3.1% |
Arista Networks, Inc. | 3.1% |
Crowdstrike Holdings, Inc. | 3.0% |
| |
Top Sectors** | (%) |
Information Technology | 90.9% |
Industrials | 9.0% |
Cash & Other | 0.1% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Data and Digital Revolution ETF | PAGE 1 | TSR-SAR-69374H386 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Data and Digital Revolution ETF | PAGE 2 | TSR-SAR-69374H386 |
| | |
| Pacer Developed Markets International Cash Cows 100 ETF | |
| ICOW (Principal U.S. Listing Exchange: CBOE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Developed Markets International Cash Cows 100 ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Developed Markets International Cash Cows 100 ETF | $33 | 0.65% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $1,330,304,763 |
Number of Holdings | 102 |
Portfolio Turnover | 41% |
30-Day SEC Yield | 3.61% |
30-Day SEC Yield Unsubsidized | 3.61% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Mount Vernon Liquid Assets Portfolio, LLC | 3.5% |
Deutsche Telekom AG | 2.5% |
British American Tobacco PLC | 2.3% |
Engie SA | 2.1% |
Koninklijke Ahold Delhaize NV | 2.1% |
Vodafone Group PLC | 2.1% |
Eni SpA | 2.1% |
Nippon Yusen KK | 2.1% |
Suncor Energy, Inc. | 2.0% |
Telefonica SA | 2.0% |
| |
Top Sectors | (%) |
Energy | 21.4% |
Industrials | 20.9% |
Materials | 14.2% |
Consumer Discretionary | 13.2% |
Consumer Staples | 11.7% |
Communication Services | 8.7% |
Utilities | 4.8% |
Information Technology | 2.3% |
Health Care | 2.2% |
Cash & Other | 0.6% |
| * | Percentages are stated as a percent of net assets. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Developed Markets International Cash Cows 100 ETF | PAGE 1 | TSR-SAR-69374H873 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Developed Markets International Cash Cows 100 ETF | PAGE 2 | TSR-SAR-69374H873 |
| | |
| Pacer Emerging Markets Cash Cows 100 ETF | |
ECOW (Principal U.S. Listing Exchange: NasdaqNASDAQ) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Emerging Markets Cash Cows 100 ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Emerging Markets Cash Cows 100 ETF | $37 | 0.70% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $108,535,180 |
Number of Holdings | 111 |
Portfolio Turnover | 43% |
30-Day SEC Yield | 4.17% |
30-Day SEC Yield Unsubsidized | 4.17% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Mount Vernon Liquid Assets Portfolio, LLC | 5.4% |
Xiaomi Corp. | 3.0% |
JD.com, Inc. | 2.7% |
Alibaba Group Holding Ltd. | 2.5% |
Li Auto, Inc. | 2.4% |
Hon Hai Precision Industry Co. Ltd. | 2.4% |
PTT PCL | 2.2% |
Quanta Computer, Inc. | 2.2% |
Tenaga Nasional Bhd | 2.1% |
JD Logistics, Inc. | 2.1% |
| |
Top Sectors** | (%) |
Industrials | 17.5% |
Information Technology | 17.4% |
Consumer Discretionary | 12.4% |
Consumer Staples | 12.1% |
Energy | 11.7% |
Communication Services | 10.5% |
Materials | 9.7% |
Utilities | 7.9% |
Health Care | 0.3% |
Cash & Other | 0.5% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Emerging Markets Cash Cows 100 ETF | PAGE 1 | TSR-SAR-69374H865 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Emerging Markets Cash Cows 100 ETF | PAGE 2 | TSR-SAR-69374H865 |
| | |
| Pacer Global Cash Cows Dividend ETF | |
| GCOW (Principal U.S. Listing Exchange: CBOE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Global Cash Cows Dividend ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Global Cash Cows Dividend ETF | $31 | 0.60% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $2,051,853,333 |
Number of Holdings | 101 |
Portfolio Turnover | 27% |
30-Day SEC Yield | 4.33% |
30-Day SEC Yield Unsubsidized | 4.33% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Mount Vernon Liquid Assets Portfolio, LLC | 7.5% |
Gilead Sciences, Inc. | 2.7% |
Bristol-Myers Squibb Co. | 2.6% |
Philip Morris International, Inc. | 2.5% |
AT&T, Inc. | 2.4% |
International Business Machines Corp. | 2.4% |
AbbVie, Inc. | 2.3% |
Altria Group, Inc. | 2.3% |
Roche Holding AG | 2.2% |
3M Co. | 2.2% |
| |
Top Sectors** | (%) |
Energy | 18.7% |
Health Care | 17.6% |
Consumer Staples | 15.2% |
Communication Services | 12.8% |
Industrials | 11.3% |
Materials | 8.7% |
Utilities | 6.3% |
Consumer Discretionary | 6.0% |
Information Technology | 2.9% |
Cash & Other | 0.5% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Global Cash Cows Dividend ETF | PAGE 1 | TSR-SAR-69374H709 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Global Cash Cows Dividend ETF | PAGE 2 | TSR-SAR-69374H709 |
| | |
| Pacer Industrial Real Estate ETF | |
| INDS (Principal U.S. Listing Exchange: NYSE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Industrial Real Estate ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Industrial Real Estate ETF | $29 | 0.55% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $181,587,176 |
Number of Holdings | 30 |
Portfolio Turnover | 7% |
30-Day SEC Yield | 3.43% |
30-Day SEC Yield Unsubsidized | 3.38% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Public Storage | 15.3% |
Prologis, Inc. | 14.5% |
Mount Vernon Liquid Assets Portfolio, LLC | 7.0% |
Extra Space Storage, Inc. | 4.6% |
EastGroup Properties, Inc. | 4.6% |
CubeSmart | 4.4% |
WP Carey, Inc. | 4.4% |
Rexford Industrial Realty, Inc. | 4.3% |
Segro PLC | 4.2% |
First Industrial Realty Trust, Inc. | 4.2% |
| |
Top Sectors** | (%) |
Real Estate | 99.8% |
Cash & Other | 0.2% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Industrial Real Estate ETF | PAGE 1 | TSR-SAR-69374H766 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Industrial Real Estate ETF | PAGE 2 | TSR-SAR-69374H766 |
| | |
| Pacer Industrials and Logistics ETF | |
| SHPP (Principal U.S. Listing Exchange: NYSE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Industrials and Logistics ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Industrials and Logistics ETF | $31 | 0.60% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $1,096,631 |
Number of Holdings | 98 |
Portfolio Turnover | 20% |
30-Day SEC Yield | 1.62% |
30-Day SEC Yield Unsubsidized | 1.62% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
SAP SE | 10.7% |
Union Pacific Corp. | 7.7% |
ABB Ltd. | 5.6% |
United Parcel Service, Inc. | 5.4% |
Norfolk Southern Corp. | 4.3% |
Canadian Pacific Kansas City Ltd. | 3.9% |
Canadian National Railway Co. | 3.7% |
FedEx Corp. | 3.6% |
DHL Group | 3.6% |
CSX Corp. | 3.5% |
| |
Top Sectors** | (%) |
Industrials | 85.6% |
Information Technology | 13.1% |
Energy | 1.0% |
Cash & Other | 0.3% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Industrials and Logistics ETF | PAGE 1 | TSR-SAR-69374H378 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Industrials and Logistics ETF | PAGE 2 | TSR-SAR-69374H378 |
| | |
| Pacer Lunt Large Cap Alternator ETF | |
| ALTL (Principal U.S. Listing Exchange: NYSE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Lunt Large Cap Alternator ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Lunt Large Cap Alternator ETF | $32 | 0.60% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $206,059,747 |
Number of Holdings | 101 |
Portfolio Turnover | 38% |
30-Day SEC Yield | 1.55% |
30-Day SEC Yield Unsubsidized | 1.55% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Mount Vernon Liquid Assets Portfolio, LLC | 3.1% |
T-Mobile US, Inc. | 1.4% |
Berkshire Hathaway, Inc. - Class B | 1.4% |
Visa, Inc. | 1.3% |
Fiserv, Inc. | 1.2% |
Coca-Cola Co. | 1.2% |
Loews Corp. | 1.2% |
Walmart, Inc. | 1.2% |
Republic Services, Inc. | 1.2% |
Kinder Morgan, Inc. | 1.2% |
| |
Top Sectors** | (%) |
Financials | 23.4% |
Industrials | 15.1% |
Consumer Staples | 14.7% |
Utilities | 12.7% |
Health Care | 9.7% |
Materials | 6.5% |
Consumer Discretionary | 5.1% |
Information Technology | 4.1% |
Energy | 3.4% |
Cash & Other | 5.3% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Lunt Large Cap Alternator ETF | PAGE 1 | TSR-SAR-69374H717 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Lunt Large Cap Alternator ETF | PAGE 2 | TSR-SAR-69374H717 |
| | |
| Pacer Lunt Large Cap Multi-Factor Alternator ETF | |
| PALC (Principal U.S. Listing Exchange: NYSE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Lunt Large Cap Multi-Factor Alternator ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Lunt Large Cap Multi-Factor Alternator ETF | $32 | 0.60% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $343,731,867 |
Number of Holdings | 183 |
Portfolio Turnover | 161% |
30-Day SEC Yield | 0.51% |
30-Day SEC Yield Unsubsidized | 0.51% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Broadcom, Inc. | 5.7% |
Nvidia Corp. | 5.5% |
Amazon.com, Inc. | 5.2% |
Costco Wholesale Corp. | 4.0% |
Meta Platforms, Inc. | 3.7% |
Berkshire Hathaway, Inc. | 3.4% |
Eli Lilly & Co. | 3.4% |
JPMorgan Chase & Co. | 2.8% |
MasterCard, Inc. | 2.4% |
Johnson & Johnson | 2.3% |
| |
Top Sectors** | (%) |
Information Technology | 26.5% |
Financials | 19.9% |
Industrials | 12.4% |
Consumer Staples | 10.1% |
Health Care | 10.1% |
Consumer Discretionary | 9.2% |
Communication Services | 6.9% |
Energy | 1.7% |
Materials | 1.5% |
Cash & Other | 1.7% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Lunt Large Cap Multi-Factor Alternator ETF | PAGE 1 | TSR-SAR-69374H816 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Lunt Large Cap Multi-Factor Alternator ETF | PAGE 2 | TSR-SAR-69374H816 |
| | |
| Pacer Lunt MidCap Multi-Factor Alternator ETF | |
| PAMC (Principal U.S. Listing Exchange: NYSE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Lunt MidCap Multi-Factor Alternator ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Lunt MidCap Multi-Factor Alternator ETF | $31 | 0.60% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $61,980,624 |
Number of Holdings | 153 |
Portfolio Turnover | 212% |
30-Day SEC Yield | 1.37% |
30-Day SEC Yield Unsubsidized | 1.37% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Mount Vernon Liquid Assets Portfolio, LLC | 19.1% |
Illumina, Inc. | 3.2% |
Dynatrace, Inc. | 2.1% |
Penumbra, Inc. | 1.4% |
WP Carey, Inc. | 1.3% |
Floor & Decor Holdings, Inc. | 1.3% |
Paylocity Holding Corp. | 1.1% |
PNM Resources, Inc. | 1.1% |
Flowers Foods, Inc. | 1.1% |
Alcoa Corp. | 1.0% |
| |
Top Sectors** | (%) |
Industrials | 15.4% |
Financials | 14.2% |
Health Care | 12.4% |
Real Estate | 11.1% |
Information Technology | 11.1% |
Consumer Discretionary | 9.8% |
Utilities | 8.8% |
Materials | 7.7% |
Consumer Staples | 5.4% |
Cash & Other | 4.1% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Lunt MidCap Multi-Factor Alternator ETF | PAGE 1 | TSR-SAR-69374H725 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Lunt MidCap Multi-Factor Alternator ETF | PAGE 2 | TSR-SAR-69374H725 |
| | |
| Pacer MSCI World Industry Advantage ETF | |
| GLBL (Principal U.S. Listing Exchange: CBOE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer MSCI World Industry Advantage ETF for the period of September 16, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer MSCI World Industry Advantage ETF | $8 | 0.66% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from September 16, 2024 to October 31, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $813,192 |
Number of Holdings | 384 |
Portfolio Turnover | 0% |
30-Day SEC Yield | 0.48% |
30-Day SEC Yield Unsubsidized | 0.48% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Securities | (%) |
Amazon.com, Inc. | 5.1% |
Nvidia Corp. | 5.1% |
Apple, Inc. | 4.9% |
Microsoft Corp. | 4.7% |
Meta Platforms, Inc. - Class A | 4.0% |
Alphabet, Inc. - Class A | 3.3% |
Alphabet, Inc. - Class C | 2.8% |
Broadcom, Inc. | 2.5% |
Berkshire Hathaway, Inc. - Class B | 2.0% |
UnitedHealth Group, Inc. | 1.7% |
| |
Top Sectors** | (%) |
Information Technology | 34.8% |
Financials | 14.7% |
Communication Services | 14.2% |
Consumer Discretionary | 13.6% |
Health Care | 8.8% |
Consumer Staples | 4.7% |
Real Estate | 3.8% |
Industrials | 2.9% |
Energy | 1.3% |
Cash & Other | 1.2% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer MSCI World Industry Advantage ETF | PAGE 1 | TSR-SAR-69374H295 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer MSCI World Industry Advantage ETF | PAGE 2 | TSR-SAR-69374H295 |
| | |
| Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | |
QQQG (Principal U.S. Listing Exchange: NasdaqNASDAQ) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF for the period of August 19, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | $10 | 0.50% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from August 19, 2024 to October 31, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $2,074,738 |
Number of Holdings | 50 |
Portfolio Turnover | 0% |
30-Day SEC Yield | 0.31% |
30-Day SEC Yield Unsubsidized | 0.31% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Securities | (%) |
Nvidia Corp. | 5.7% |
Trade Desk, Inc. - Class A | 5.3% |
Broadcom, Inc. | 4.8% |
KLA Corp. | 4.0% |
Cintas Corp. | 3.6% |
Applied Materials, Inc. | 3.5% |
Diamondback Energy, Inc. | 3.5% |
Meta Platforms, Inc. - Class A | 3.4% |
NXP Semiconductors NV | 3.1% |
Alphabet, Inc. - Class A | 3.0% |
| |
Top Sectors** | (%) |
Information Technology | 53.5% |
Communication Services | 16.2% |
Industrials | 12.2% |
Consumer Discretionary | 7.5% |
Health Care | 6.0% |
Energy | 3.5% |
Consumer Staples | 1.0% |
Cash & Other | 0.1% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | PAGE 1 | TSR-SAR-69374H329 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | PAGE 2 | TSR-SAR-69374H329 |
| | |
| Pacer Nasdaq International Patent Leaders ETF | |
PATN (Principal U.S. Listing Exchange: NasdaqNASDAQ) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Nasdaq International Patent Leaders ETF for the period of September 16, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Nasdaq International Patent Leaders ETF | $8 | 0.66% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from September 16, 2024 to October 31, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $806,952 |
Number of Holdings | 100 |
Portfolio Turnover | 0% |
30-Day SEC Yield | 1.55% |
30-Day SEC Yield Unsubsidized | 1.55% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Securities | (%) |
Taiwan Semiconductor Manufacturing Co. Ltd. | 12.6% |
Tencent Holdings Ltd. | 7.5% |
SAP SE | 4.5% |
Toyota Motor Corp. | 4.3% |
ASML Holding NV | 4.2% |
Samsung Electronics Co. Ltd. | 4.0% |
Novartis AG | 3.7% |
Roche Holding AG | 3.5% |
L’Oreal SA | 3.1% |
Siemens AG | 2.5% |
| |
Top Sectors | (%) |
Information Technology | 39.5% |
Industrials | 14.9% |
Health Care | 13.3% |
Consumer Discretionary | 12.3% |
Communication Services | 10.3% |
Materials | 4.1% |
Consumer Staples | 3.9% |
Financials | 0.8% |
Energy | 0.6% |
Cash & Other | 0.3% |
| |
Top Ten Countries | (%) |
Japan | 29.0% |
Taiwan | 15.2% |
Germany | 10.5% |
Switzerland | 9.4% |
China | 9.2% |
France | 8.5% |
South Korea | 7.9% |
Netherlands | 6.5% |
United Kingdom | 1.2% |
Cash & Other | 2.6% |
| * | Percentages are stated as a percent of net assets. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Nasdaq International Patent Leaders ETF | PAGE 1 | TSR-SAR-69374H311 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Nasdaq International Patent Leaders ETF | PAGE 2 | TSR-SAR-69374H311 |
| | |
| Pacer Pacific Asset Floating Rate High Income ETF | |
| FLRT (Principal U.S. Listing Exchange: NYSE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Pacific Asset Floating Rate High Income ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Pacific Asset Floating Rate High Income ETF | $31 | 0.60% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $386,338,392 |
Number of Holdings | 191 |
Portfolio Turnover | 24% |
30-Day SEC Yield | 7.66% |
30-Day SEC Yield Unsubsidized | 7.66% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Magnetite CLO Ltd. | 3.7% |
Neuberger Berman CLO Ltd. | 3.0% |
Aimco CDO | 2.0% |
OHA Credit Funding | 1.8% |
Symphony CLO Ltd. | 1.7% |
MajorDrive Holdings IV LLC | 1.7% |
RR Ltd./Cayman Islands | 1.6% |
SeaWorld Parks & Entertainment, Inc. | 1.5% |
UKG, Inc. | 1.4% |
SPX FLOW, Inc. | 1.4% |
| |
Top Sectors** | (%) |
Asset Backed Securities | 29.3% |
Industrials | 18.3% |
Consumer Discretionary | 16.6% |
Technology | 7.5% |
Financials | 6.7% |
Materials | 5.7% |
Energy | 3.6% |
Health Care | 3.1% |
Consumer Staples | 2.2% |
Cash & Other | 7.0% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Pacific Asset Floating Rate High Income ETF | PAGE 1 | TSR-SAR-69374H428 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Pacific Asset Floating Rate High Income ETF | PAGE 2 | TSR-SAR-69374H428 |
| | |
| Pacer Trendpilot 100 ETF | |
PTNQ (Principal U.S. Listing Exchange: NasdaqNASDAQ) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Trendpilot 100 ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Trendpilot 100 ETF | $34 | 0.65% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $1,317,653,548 |
Number of Holdings | 105 |
Portfolio Turnover | 1% |
30-Day SEC Yield | 1.98% |
30-Day SEC Yield Unsubsidized | 1.98% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
United States Treasury Bill | 42.9% |
Apple, Inc. | 5.0% |
Nvidia Corp. | 4.7% |
Microsoft Corp. | 4.4% |
Broadcom, Inc. | 2.9% |
Meta Platforms, Inc. | 2.9% |
Alphabet, Inc. | 2.9% |
Amazon.com, Inc. | 2.8% |
Tesla Motors, Inc. | 1.7% |
Mount Vernon Liquid Assets Portfolio, LLC | 1.6% |
| |
Top Sectors** | (%) |
Information Technology | 28.0% |
Communication Services | 9.2% |
Consumer Discretionary | 7.5% |
Consumer Staples | 3.3% |
Health Care | 3.3% |
Industrials | 2.6% |
Materials | 0.8% |
Utilities | 0.8% |
Financials | 0.3% |
Cash & Other | 44.2% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Trendpilot 100 ETF | PAGE 1 | TSR-SAR-69374H303 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Trendpilot 100 ETF | PAGE 2 | TSR-SAR-69374H303 |
| | |
| Pacer Trendpilot European Index ETF | |
| PTEU (Principal U.S. Listing Exchange: CBOE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Trendpilot European Index ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Trendpilot European Index ETF | $33 | 0.65% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $30,345,661 |
Number of Holdings | 297 |
Portfolio Turnover | 8% |
30-Day SEC Yield | 2.62% |
30-Day SEC Yield Unsubsidized | 2.62% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Mount Vernon Liquid Assets Portfolio, LLC | 9.9% |
ASML Holding NV | 4.7% |
SAP SE | 4.5% |
LVMH Moet Hennessy Louis Vuitton SE | 2.9% |
Siemens AG | 2.5% |
Schneider Electric SE | 2.4% |
TotalEnergies SE | 2.2% |
Allianz SE | 2.2% |
Sanofi SA | 2.0% |
Air Liquide SA | 1.8% |
| |
Top Sectors** | (%) |
Financials | 21.5% |
Industrials | 18.1% |
Consumer Discretionary | 13.1% |
Information Technology | 12.4% |
Health Care | 7.3% |
Consumer Staples | 6.1% |
Utilities | 5.9% |
Materials | 5.1% |
Communication Services | 4.6% |
Cash & Other | 5.9% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Trendpilot European Index ETF | PAGE 1 | TSR-SAR-69374H808 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Trendpilot European Index ETF | PAGE 2 | TSR-SAR-69374H808 |
| | |
| Pacer Trendpilot Fund of Funds ETF | |
| TRND (Principal U.S. Listing Exchange: NYSE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Trendpilot Fund of Funds ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Trendpilot Fund of Funds ETF | $8 | 0.15% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $52,618,660 |
Number of Holdings | 5 |
Portfolio Turnover | 3% |
30-Day SEC Yield | 2.44% |
30-Day SEC Yield Unsubsidized | 2.44% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Pacer Trendpilot US Mid Cap ETF | 20.3% |
Pacer Trendpilot 100 ETF | 20.2% |
Pacer Trendpilot US Large Cap ETF | 20.1% |
Pacer Trendpilot US Bond ETF | 19.8% |
Pacer Trendpilot International ETF | 19.5% |
| |
Top Sectors** | (%) |
Cash & Other | 100.0% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Trendpilot Fund of Funds ETF | PAGE 1 | TSR-SAR-69374H675 |
| | |
| Pacer Trendpilot International ETF | |
| PTIN (Principal U.S. Listing Exchange: NYSE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Trendpilot International ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Trendpilot International ETF | $33 | 0.65% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $146,565,470 |
Number of Holdings | 459 |
Portfolio Turnover | 9% |
30-Day SEC Yield | 2.30% |
30-Day SEC Yield Unsubsidized | 2.30% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Mount Vernon Liquid Assets Portfolio, LLC | 18.7% |
iShares MSCI South Korea ETF | 4.0% |
Novo Nordisk AS | 2.1% |
ASML Holding NV | 1.6% |
Nestle SA | 1.5% |
SAP SE | 1.4% |
Roche Holding AG | 1.4% |
AstraZeneca PLC | 1.3% |
Toyota Motor Corp. | 1.3% |
Novartis AG | 1.3% |
| |
Top Sectors** | (%) |
Financials | 23.1% |
Industrials | 15.2% |
Health Care | 12.1% |
Consumer Discretionary | 10.1% |
Information Technology | 8.9% |
Consumer Staples | 7.7% |
Materials | 6.0% |
Energy | 5.2% |
Communication Services | 3.5% |
Cash & Other | 8.2% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Trendpilot International ETF | PAGE 1 | TSR-SAR-69374H683 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Trendpilot International ETF | PAGE 2 | TSR-SAR-69374H683 |
| | |
| Pacer Trendpilot US Bond ETF | |
| PTBD (Principal U.S. Listing Exchange: NYSE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Trendpilot US Bond ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Trendpilot US Bond ETF | $31 | 0.60% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $177,219,541 |
Number of Holdings | 1,165 |
Portfolio Turnover | 316% |
30-Day SEC Yield | 6.06% |
30-Day SEC Yield Unsubsidized | 6.06% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Mount Vernon Liquid Assets Portfolio, LLC | 9.2% |
CCO Holdings LLC / CCO Holdings Capital Corp. | 2.4% |
TransDigm, Inc. | 1.5% |
CSC Holdings LLC | 1.2% |
Tenet Healthcare Corp. | 1.2% |
Venture Global LNG, Inc. | 1.1% |
CHS/Community Health Systems, Inc. | 1.0% |
Cloud Software Group, Inc. | 0.9% |
Bausch Health Cos., Inc. | 0.8% |
DISH DBS Corp. | 0.8% |
| |
Top Sectors** | (%) |
Consumer Discretionary | 18.9% |
Communications | 12.7% |
Financials | 12.4% |
Energy | 11.8% |
Health Care | 8.5% |
Industrials | 8.4% |
Materials | 7.8% |
Utilities | 3.8% |
Communication Services | 3.8% |
Cash & Other | 11.9% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Trendpilot US Bond ETF | PAGE 1 | TSR-SAR-69374H642 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Trendpilot US Bond ETF | PAGE 2 | TSR-SAR-69374H642 |
| | |
| Pacer Trendpilot US Large Cap ETF | |
| PTLC (Principal U.S. Listing Exchange: CBOE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Trendpilot US Large Cap ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Trendpilot US Large Cap ETF | $32 | 0.60% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $3,153,451,015 |
Number of Holdings | 505 |
Portfolio Turnover | 2% |
30-Day SEC Yield | 0.70% |
30-Day SEC Yield Unsubsidized | 0.70% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Apple, Inc. | 7.1% |
Nvidia Corp. | 6.8% |
Microsoft Corp. | 6.3% |
Alphabet, Inc. | 3.8% |
Amazon.com, Inc. | 3.6% |
Meta Platforms, Inc. | 2.6% |
Berkshire Hathaway, Inc. | 1.7% |
Broadcom, Inc. | 1.6% |
Tesla Motors, Inc. | 1.4% |
Eli Lilly & Co. | 1.4% |
| |
Top Sectors** | (%) |
Information Technology | 31.7% |
Financials | 13.4% |
Health Care | 11.1% |
Consumer Discretionary | 10.0% |
Communication Services | 9.1% |
Industrials | 8.5% |
Consumer Staples | 5.8% |
Energy | 3.4% |
Utilities | 2.5% |
Cash & Other | 4.5% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Trendpilot US Large Cap ETF | PAGE 1 | TSR-SAR-69374H105 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Trendpilot US Large Cap ETF | PAGE 2 | TSR-SAR-69374H105 |
| | |
| Pacer Trendpilot US Mid Cap ETF | |
| PTMC (Principal U.S. Listing Exchange: CBOE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer Trendpilot US Mid Cap ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer Trendpilot US Mid Cap ETF | $32 | 0.60% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $424,046,054 |
Number of Holdings | 402 |
Portfolio Turnover | 10% |
30-Day SEC Yield | 0.86% |
30-Day SEC Yield Unsubsidized | 0.86% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Mount Vernon Liquid Assets Portfolio, LLC | 12.0% |
Illumina, Inc. | 0.8% |
Texas Pacific Land Corp. | 0.8% |
EMCOR Group, Inc. | 0.7% |
Carlisle Cos., Inc. | 0.7% |
Lennox International, Inc. | 0.7% |
Expand Energy Corp. | 0.6% |
Williams-Sonoma, Inc. | 0.6% |
United Therapeutics Corp. | 0.6% |
Interactive Brokers Group, Inc. | 0.6% |
| |
Top Sectors** | (%) |
Industrials | 22.7% |
Financials | 17.1% |
Consumer Discretionary | 13.6% |
Health Care | 9.7% |
Information Technology | 9.4% |
Real Estate | 7.2% |
Materials | 6.6% |
Energy | 5.2% |
Consumer Staples | 4.4% |
Cash & Other | 4.1% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer Trendpilot US Mid Cap ETF | PAGE 1 | TSR-SAR-69374H204 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer Trendpilot US Mid Cap ETF | PAGE 2 | TSR-SAR-69374H204 |
| | |
| Pacer US Cash Cows 100 ETF | |
| COWZ (Principal U.S. Listing Exchange: CBOE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer US Cash Cows 100 ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer US Cash Cows 100 ETF | $25 | 0.49% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $24,921,226,076 |
Number of Holdings | 101 |
Portfolio Turnover | 56% |
30-Day SEC Yield | 1.54% |
30-Day SEC Yield Unsubsidized | 1.54% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Airbnb, Inc. | 2.3% |
Bristol-Myers Squibb Co. | 2.2% |
Hewlett Packard Enterprise Co. | 2.1% |
AT&T, Inc. | 2.1% |
Chevron Corp. | 2.1% |
Gen Digital, Inc. | 2.1% |
Expedia Group, Inc. | 2.0% |
HP, Inc. | 2.0% |
ConocoPhillips | 2.0% |
Qualcomm, Inc. | 2.0% |
| |
Top Sectors** | (%) |
Energy | 21.5% |
Information Technology | 20.2% |
Consumer Discretionary | 19.7% |
Industrials | 10.3% |
Consumer Staples | 8.7% |
Health Care | 8.3% |
Materials | 6.1% |
Communication Services | 5.0% |
Cash & Other | 0.2% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer US Cash Cows 100 ETF | PAGE 1 | TSR-SAR-69374H881 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer US Cash Cows 100 ETF | PAGE 2 | TSR-SAR-69374H881 |
| | |
| Pacer US Cash Cows Growth ETF | |
| BUL (Principal U.S. Listing Exchange: NYSE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer US Cash Cows Growth ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer US Cash Cows Growth ETF | $32 | 0.60% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $64,018,615 |
Number of Holdings | 51 |
Portfolio Turnover | 0% |
30-Day SEC Yield | 0.09% |
30-Day SEC Yield Unsubsidized | 0.09% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Mount Vernon Liquid Assets Portfolio, LLC | 5.8% |
Booking Holdings, Inc. | 5.8% |
salesforce.com, Inc. | 5.6% |
Lululemon Athletica, Inc. | 5.1% |
Diamondback Energy, Inc. | 5.0% |
Lam Research Corp. | 4.7% |
Applied Materials, Inc. | 4.7% |
NVR, Inc. | 3.7% |
PulteGroup, Inc. | 3.6% |
Fortive Corp. | 3.3% |
| |
Top Sectors** | (%) |
Consumer Discretionary | 35.5% |
Information Technology | 24.5% |
Industrials | 20.2% |
Energy | 8.1% |
Materials | 5.9% |
Health Care | 4.4% |
Consumer Staples | 1.3% |
Cash & Other | 0.1% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer US Cash Cows Growth ETF | PAGE 1 | TSR-SAR-69374H667 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer US Cash Cows Growth ETF | PAGE 2 | TSR-SAR-69374H667 |
| | |
| Pacer US Export Leaders ETF | |
| PEXL (Principal U.S. Listing Exchange: NYSE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer US Export Leaders ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer US Export Leaders ETF | $31 | 0.60% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $63,458,787 |
Number of Holdings | 101 |
Portfolio Turnover | 0% |
30-Day SEC Yield | 0.48% |
30-Day SEC Yield Unsubsidized | 0.48% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Mount Vernon Liquid Assets Portfolio, LLC | 10.2% |
Booking Holdings, Inc. | 1.2% |
Coherent Corp. | 1.2% |
Altair Engineering, Inc. | 1.2% |
GXO Logistics, Inc. | 1.2% |
Rambus, Inc. | 1.2% |
Jabil, Inc. | 1.2% |
Garmin Ltd. | 1.1% |
Baker Hughes Co. | 1.1% |
Airbnb, Inc. | 1.1% |
| |
Top Sectors** | (%) |
Information Technology | 36.5% |
Materials | 15.1% |
Industrials | 15.1% |
Consumer Discretionary | 10.1% |
Health Care | 7.2% |
Energy | 6.0% |
Communication Services | 5.4% |
Consumer Staples | 4.5% |
Cash & Other | 0.1% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer US Export Leaders ETF | PAGE 1 | TSR-SAR-69374H402 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer US Export Leaders ETF | PAGE 2 | TSR-SAR-69374H402 |
| | |
| Pacer US Large Cap Cash Cows Growth Leaders ETF | |
COWG (Principal U.S. Listing Exchange: NasdaqNASDAQ) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer US Large Cap Cash Cows Growth Leaders ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer US Large Cap Cash Cows Growth Leaders ETF | $27 | 0.49% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $261,171,710 |
Number of Holdings | 100 |
Portfolio Turnover | 60% |
30-Day SEC Yield | 0.63% |
30-Day SEC Yield Unsubsidized | 0.63% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
AppLovin Corp. | 4.6% |
Texas Pacific Land Corp. | 3.8% |
Ubiquiti, Inc. | 3.7% |
Nvidia Corp. | 2.8% |
United Therapeutics Corp. | 2.7% |
GoDaddy, Inc. | 2.2% |
Cirrus Logic, Inc. | 2.0% |
DT Midstream, Inc. | 2.0% |
Fair Isaac Corp. | 1.9% |
TKO Group Holdings, Inc. | 1.8% |
| |
Top Sectors** | (%) |
Information Technology | 50.2% |
Health Care | 13.9% |
Energy | 13.2% |
Consumer Discretionary | 5.1% |
Industrials | 5.0% |
Communication Services | 4.9% |
Consumer Staples | 3.3% |
Materials | 2.7% |
Utilities | 1.6% |
Cash & Other | 0.1% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer US Large Cap Cash Cows Growth Leaders ETF | PAGE 1 | TSR-SAR-69374H360 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer US Large Cap Cash Cows Growth Leaders ETF | PAGE 2 | TSR-SAR-69374H360 |
| | |
| Pacer US Small Cap Cash Cows 100 ETF | |
| CALF (Principal U.S. Listing Exchange: CBOE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer US Small Cap Cash Cows 100 ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer US Small Cap Cash Cows 100 ETF | $29 | 0.59% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $8,562,539,184 |
Number of Holdings | 99 |
Portfolio Turnover | 54% |
30-Day SEC Yield | 1.02% |
30-Day SEC Yield Unsubsidized | 1.02% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Mount Vernon Liquid Assets Portfolio, LLC | 5.8% |
Peabody Energy Corp. | 2.4% |
SkyWest, Inc. | 2.4% |
Mueller Industries, Inc. | 2.4% |
Sylvamo Corp. | 2.3% |
SM Energy Co. | 2.2% |
Hanesbrands, Inc. | 2.1% |
Signet Jewelers Ltd. | 2.0% |
TEGNA, Inc. | 2.0% |
Andersons, Inc. | 1.9% |
| |
Top Sectors** | (%) |
Consumer Discretionary | 27.6% |
Energy | 17.0% |
Industrials | 15.8% |
Information Technology | 13.2% |
Health Care | 10.4% |
Materials | 6.4% |
Consumer Staples | 4.8% |
Communication Services | 4.7% |
Cash & Other | 0.1% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer US Small Cap Cash Cows 100 ETF | PAGE 1 | TSR-SAR-69374H857 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer US Small Cap Cash Cows 100 ETF | PAGE 2 | TSR-SAR-69374H857 |
| | |
| Pacer US Small Cap Cash Cows Growth Leaders ETF | |
CAFG (Principal U.S. Listing Exchange: NasdaqNASDAQ) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer US Small Cap Cash Cows Growth Leaders ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer US Small Cap Cash Cows Growth Leaders ETF | $31 | 0.59% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $17,559,327 |
Number of Holdings | 99 |
Portfolio Turnover | 74% |
30-Day SEC Yield | 0.14% |
30-Day SEC Yield Unsubsidized | 0.14% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
ADMA Biologics, Inc. | 3.7% |
Omnicell, Inc. | 2.9% |
Clear Secure, Inc. | 2.7% |
Corcept Therapeutics, Inc. | 2.6% |
Adtalem Global Education, Inc. | 2.3% |
Frontdoor, Inc. | 2.2% |
Impinj, Inc. | 2.2% |
ACI Worldwide, Inc. | 2.1% |
Mueller Industries, Inc. | 2.1% |
CSW Industrials, Inc. | 2.0% |
| |
Top Sectors** | (%) |
Health Care | 29.7% |
Information Technology | 25.3% |
Industrials | 15.8% |
Consumer Discretionary | 11.6% |
Energy | 6.5% |
Communication Services | 3.5% |
Consumer Staples | 3.2% |
Materials | 2.8% |
Utilities | 1.5% |
Cash & Other | 0.1% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer US Small Cap Cash Cows Growth Leaders ETF | PAGE 1 | TSR-SAR-69374H352 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer US Small Cap Cash Cows Growth Leaders ETF | PAGE 2 | TSR-SAR-69374H352 |
| | |
| Pacer WealthShield ETF | |
| PWS (Principal U.S. Listing Exchange: CBOE) |
| Semi-Annual Shareholder Report | October 31, 2024 |
This semi-annual shareholder report contains important information about the Pacer WealthShield ETF for the period of May 1, 2024, to October 31, 2024. You can find additional information about the Fund at https://www.paceretfs.com/. You can also request this information by contacting us at 877-337-0500.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Pacer WealthShield ETF | $31 | 0.60% |
| * | Expense ratio is annualized. |
KEY FUND STATISTICS (as of October 31, 2024)
| |
Net Assets | $19,445,339 |
Number of Holdings | 221 |
Portfolio Turnover | 261% |
30-Day SEC Yield | 3.96% |
30-Day SEC Yield Unsubsidized | 3.96% |
Visit https://www.paceretfs.com/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of October 31, 2024)*
| |
Top 10 Issuers | (%) |
Amazon.com, Inc. | 7.1% |
Apple, Inc. | 4.3% |
Nvidia Corp. | 4.1% |
Microsoft Corp. | 3.8% |
Tesla Motors, Inc. | 2.8% |
Procter & Gamble Co. | 2.8% |
Costco Wholesale Corp. | 2.8% |
NextEra Energy, Inc. | 2.7% |
Walmart, Inc. | 2.6% |
Prologis, Inc. | 1.9% |
| |
Top Sectors** | (%) |
Utilities | 20.3% |
Consumer Staples | 20.0% |
Real Estate | 19.8% |
Consumer Discretionary | 19.8% |
Information Technology | 19.2% |
Health Care | 0.0% |
Cash & Other | 0.9% |
| * | Percentages are stated as a percent of net assets. |
| ** | The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.paceretfs.com/.
| Pacer WealthShield ETF | PAGE 1 | TSR-SAR-69374H840 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Pacer Advisors, Inc. documents not be householded, please contact Pacer Advisors, Inc. at 877-337-0500, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Pacer Advisors, Inc. or your financial intermediary.
| Pacer WealthShield ETF | PAGE 2 | TSR-SAR-69374H840 |
Item 2. Code of Ethics.
Not applicable for semi-annual reports.
Item 3. Audit Committee Financial Expert.
Not applicable for semi-annual reports.
Item 4. Principal Accountant Fees and Services.
Not applicable for semi-annual reports.
Item 5. Audit Committee of Listed Registrants.
Not applicable for semi-annual reports.
Item 6. Investments.
| (a) | Schedule of Investments is included within the financial statements filed under Item 7 of this Form. |
Item 7. Financial Statements and Financial Highlights for Open-End Investment Companies.
Pacer Funds
Pacer Cash Cows Fund of Funds ETF
Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF
Pacer Data & Infrastructure Real Estate ETF
Pacer Data and Digital Revolution ETF
Pacer Developed Markets International Cash Cows 100 ETF
Pacer Emerging Markets Cash Cows 100 ETF
Pacer Global Cash Cows Dividend ETF
Pacer Industrial Real Estate ETF
Pacer Industrials and Logistics ETF
Pacer Lunt Large Cap Alternator ETF
Pacer Lunt Large Cap Multi-Factor Alternator ETF
Pacer Lunt MidCap Multi-Factor Alternator ETF
Pacer MSCI World Industry Advantage ETF
Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF
Pacer Nasdaq International Patent Leaders ETF
Pacer Pacific Asset Floating Rate High Income ETF
Pacer Trendpilot 100 ETF
Pacer Trendpilot European Index ETF
Pacer Trendpilot Fund of Funds ETF
Pacer Trendpilot International ETF
Pacer Trendpilot US Bond ETF
Pacer Trendpilot US Large Cap ETF
Pacer Trendpilot US Mid Cap ETF
Pacer US Cash Cows 100 ETF
Pacer US Cash Cows Growth ETF
Pacer US Export Leaders ETF
Pacer US Large Cap Cash Cows Growth Leaders ETF
Pacer US Small Cap Cash Cows 100 ETF
Pacer US Small Cap Cash Cows Growth Leaders ETF
Pacer WealthShield ETF
October 31, 2024
TABLE OF CONTENTS
Pacer Cash Cows Fund of Funds ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
AFFILIATED EXCHANGE TRADED FUNDS - 99.9%
| | | | | | |
Pacer Developed Markets International Cash Cows 100 ETF(a) | | | 585,420 | | | $17,717,736 |
Pacer Global Cash Cows Dividend ETF(a) | | | 512,174 | | | 18,049,012 |
Pacer US Cash Cows 100 ETF(a) | | | 323,686 | | | 18,424,207 |
Pacer US Cash Cows Growth ETF(a) | | | 400,807 | | | 18,367,582 |
Pacer US Small Cap Cash Cows
100 ETF(a) | | | 405,341 | | | 17,956,606 |
TOTAL AFFILIATED EXCHANGE TRADED FUNDS
(Cost $82,901,444) | | | | | | 90,515,143 |
TOTAL INVESTMENTS - 99.9%
(Cost $82,901,444) | | | | | | $90,515,143 |
Other Assets in Excess of
Liabilities - 0.1%(b) | | | | | | 98,720 |
TOTAL NET ASSETS - 100.0% | | | | | | $90,613,863 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
(a)
| Affiliated company as defined by the Investment Company Act of 1940. |
(b)
| Represents less than 0.05% of net assets. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 99.7%
| | | | | | |
Consumer Discretionary - 25.0%
| | | | | | |
Airbnb, Inc. - Class A(a) | | | 1,380 | | | $186,010 |
Amazon.com, Inc.(a) | | | 870 | | | 162,168 |
Aptiv PLC(a) | | | 2,350 | | | 133,551 |
AutoZone, Inc.(a) | | | 50 | | | 150,450 |
Best Buy Co., Inc. | | | 1,650 | | | 149,209 |
Booking Holdings, Inc. | | | 40 | | | 187,050 |
BorgWarner, Inc. | | | 5,040 | | | 169,495 |
Caesars Entertainment, Inc.(a) | | | 4,170 | | | 167,008 |
CarMax, Inc.(a) | | | 2,060 | | | 149,103 |
Carnival Corp.(a) | | | 9,400 | | | 206,800 |
Chipotle Mexican Grill, Inc.(a) | | | 2,890 | | | 161,175 |
Darden Restaurants, Inc. | | | 1,010 | | | 161,620 |
Deckers Outdoor Corp.(a) | | | 1,040 | | | 167,326 |
Domino’s Pizza, Inc. | | | 400 | | | 165,492 |
DR Horton, Inc. | | | 830 | | | 140,270 |
eBay, Inc. | | | 2,560 | | | 147,226 |
Expedia Group, Inc.(a) | | | 1,200 | | | 187,572 |
Ford Motor Co. | | | 15,170 | | | 156,099 |
Garmin Ltd. | | | 940 | | | 186,449 |
General Motors Co. | | | 3,500 | | | 177,660 |
Genuine Parts Co. | | | 1,180 | | | 135,346 |
Hasbro, Inc. | | | 2,360 | | | 154,887 |
Hilton Worldwide Holdings, Inc. | | | 750 | | | 176,137 |
Home Depot, Inc. | | | 430 | | | 169,312 |
Las Vegas Sands Corp. | | | 4,050 | | | 209,992 |
Lennar Corp. - Class A | | | 870 | | | 148,161 |
LKQ Corp. | | | 3,950 | | | 145,320 |
Lowe’s Cos., Inc. | | | 640 | | | 167,571 |
Lululemon Athletica, Inc.(a) | | | 610 | | | 181,719 |
Marriott International, Inc. | | | 700 | | | 182,014 |
McDonald’s Corp. | | | 550 | | | 160,661 |
MGM Resorts International(a) | | | 4,440 | | | 163,703 |
Mohawk Industries, Inc.(a) | | | 1,040 | | | 139,641 |
NIKE, Inc. - Class B | | | 2,050 | | | 158,117 |
Norwegian Cruise Line Holdings Ltd.(a) | | | 8,390 | | | 212,603 |
NVR, Inc.(a) | | | 20 | | | 183,056 |
O’Reilly Automotive, Inc.(a) | | | 140 | | | 161,440 |
Pool Corp. | | | 460 | | | 166,354 |
PulteGroup, Inc. | | | 1,160 | | | 150,255 |
Ralph Lauren Corp. | | | 910 | | | 180,116 |
Ross Stores, Inc. | | | 1,050 | | | 146,706 |
Royal Caribbean Cruises Ltd. | | | 970 | | | 200,160 |
Starbucks Corp. | | | 1,650 | | | 161,205 |
Tapestry, Inc. | | | 3,790 | | | 179,836 |
Tesla Motors, Inc.(a) | | | 700 | | | 174,895 |
TJX Cos., Inc. | | | 1,350 | | | 152,591 |
Tractor Supply Co. | | | 570 | | | 151,341 |
Ulta Beauty, Inc.(a) | | | 430 | | | 158,661 |
Wynn Resorts Ltd. | | | 2,070 | | | 198,761 |
Yum! Brands, Inc. | | | 1,210 | | | 158,704 |
| | | | | | 8,340,998 |
| | | | | | | |
| | | | | | | |
Industrials - 25.2%(b)
| | | | | | |
3M Co. | | | 780 | | | $100,207 |
A O Smith Corp. | | | 1,290 | | | 96,879 |
Allegion PLC | | | 730 | | | 101,930 |
Amentum Holdings, Inc.(a) | | | 4,100 | | | 121,934 |
AMETEK, Inc. | | | 620 | | | 113,671 |
Automatic Data Processing, Inc. | | | 370 | | | 107,019 |
Axon Enterprise, Inc.(a) | | | 270 | | | 114,345 |
Boeing Co.(a) | | | 660 | | | 98,544 |
Broadridge Financial Solutions, Inc. | | | 490 | | | 103,321 |
Builders FirstSource, Inc.(a) | | | 560 | | | 95,984 |
Carrier Global Corp. | | | 1,350 | | | 98,172 |
Caterpillar, Inc. | | | 300 | | | 112,860 |
CH Robinson Worldwide, Inc. | | | 1,030 | | | 106,131 |
Cintas Corp. | | | 500 | | | 102,905 |
Copart, Inc.(a) | | | 2,060 | | | 106,028 |
CSX Corp. | | | 3,080 | | | 103,611 |
Cummins, Inc. | | | 340 | | | 111,853 |
Dayforce, Inc.(a) | | | 1,740 | | | 123,453 |
Deere & Co. | | | 260 | | | 105,219 |
Delta Air Lines, Inc. | | | 2,290 | | | 131,034 |
Dover Corp. | | | 560 | | | 106,025 |
Eaton Corp. PLC | | | 340 | | | 112,737 |
Emerson Electric Co. | | | 1,010 | | | 109,353 |
Equifax, Inc. | | | 340 | | | 90,107 |
Expeditors International of Washington, Inc. | | | 860 | | | 102,340 |
Fastenal Co. | | | 1,480 | | | 115,706 |
FedEx Corp. | | | 360 | | | 98,586 |
Fortive Corp. | | | 1,400 | | | 100,002 |
GE Vernova, Inc.(a) | | | 460 | | | 138,763 |
Generac Holdings, Inc.(a) | | | 740 | | | 122,507 |
General Dynamics Corp. | | | 340 | | | 99,147 |
General Electric Co. | | | 580 | | | 99,632 |
Honeywell International, Inc. | | | 510 | | | 104,897 |
Howmet Aerospace, Inc. | | | 1,080 | | | 107,698 |
Hubbell, Inc. | | | 260 | | | 111,028 |
Huntington Ingalls Industries, Inc. | | | 400 | | | 73,984 |
IDEX Corp. | | | 520 | | | 111,613 |
Illinois Tool Works, Inc. | | | 410 | | | 107,063 |
Ingersoll Rand, Inc. | | | 1,140 | | | 109,440 |
Jacobs Solutions, Inc. | | | 880 | | | 123,710 |
JB Hunt Trasport Services, Inc. | | | 610 | | | 110,178 |
Johnson Controls International PLC | | | 1,420 | | | 107,281 |
L3Harris Technologies, Inc. | | | 450 | | | 111,361 |
Leidos Holdings, Inc. | | | 660 | | | 120,886 |
Lockheed Martin Corp. | | | 180 | | | 98,289 |
Masco Corp. | | | 1,290 | | | 103,084 |
Nordson Corp. | | | 410 | | | 101,635 |
Norfolk Southern Corp. | | | 420 | | | 105,181 |
Northrop Grumman Corp. | | | 200 | | | 101,804 |
Old Dominion Freight Line, Inc. | | | 540 | | | 108,713 |
Otis Worldwide Corp. | | | 1,100 | | | 108,020 |
PACCAR, Inc. | | | 1,090 | | | 113,665 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Industrials - (Continued)
|
Parker-Hannifin Corp. | | | 180 | | | $114,133 |
Paychex, Inc. | | | 770 | | | 107,284 |
Paycom Software, Inc. | | | 610 | | | 127,508 |
Pentair PLC | | | 1,130 | | | 112,006 |
Quanta Services, Inc. | | | 380 | | | 114,619 |
Republic Services, Inc. | | | 500 | | | 99,000 |
Rockwell Automation, Inc. | | | 390 | | | 104,017 |
Rollins, Inc. | | | 2,050 | | | 96,637 |
RTX Corp. | | | 870 | | | 105,261 |
Snap-On, Inc. | | | 370 | | | 122,148 |
Southwest Airlines Co. | | | 3,600 | | | 110,088 |
Stanley Black & Decker, Inc. | | | 1,020 | | | 94,799 |
Textron, Inc. | | | 1,180 | | | 94,896 |
Trane Technologies PLC | | | 280 | | | 103,645 |
TransDigm Group, Inc. | | | 80 | | | 104,184 |
Uber Technologies, Inc.(a) | | | 1,430 | | | 103,031 |
Union Pacific Corp. | | | 420 | | | 97,469 |
United Airlines Holdings, Inc.(a) | | | 2,060 | | | 161,216 |
United Parcel Service, Inc. - Class B | | | 810 | | | 108,589 |
United Rentals, Inc. | | | 140 | | | 113,792 |
Veralto Corp. | | | 940 | | | 96,059 |
Verisk Analytics, Inc. | | | 380 | | | 104,394 |
W.W. Grainger, Inc. | | | 100 | | | 110,923 |
Waste Management, Inc. | | | 500 | | | 107,925 |
Westinghouse Air Brake Technologies Corp. | | | 610 | | | 114,668 |
Xylem, Inc. | | | 790 | | | 96,206 |
| | | | | | 8,414,032 |
Information Technology - 24.3%
| | | | | | |
Accenture PLC - Class A | | | 340 | | | 117,239 |
Adobe, Inc.(a) | | | 220 | | | 105,178 |
Advanced Micro Devices, Inc.(a) | | | 770 | | | 110,934 |
Akamai Technologies, Inc.(a) | | | 1,190 | | | 120,285 |
Amphenol Corp. | | | 1,840 | | | 123,317 |
Analog Devices, Inc. | | | 520 | | | 116,017 |
Ansys, Inc.(a) | | | 370 | | | 118,552 |
Apple, Inc. | | | 530 | | | 119,732 |
Applied Materials, Inc. | | | 620 | | | 112,580 |
Arista Networks, Inc.(a) | | | 330 | | | 127,525 |
Autodesk, Inc.(a) | | | 440 | | | 124,872 |
Broadcom, Inc. | | | 700 | | | 118,839 |
Cadence Design System, Inc.(a) | | | 440 | | | 121,493 |
CDW Corp. | | | 530 | | | 99,762 |
Cisco Systems, Inc. | | | 2,350 | | | 128,709 |
Cognizant Technology Solutions Corp. | | | 1,520 | | | 113,377 |
Corning, Inc. | | | 2,750 | | | 130,872 |
Crowdstrike Holdings, Inc. - Class A(a) | | | 450 | | | 133,591 |
Dell Technologies, Inc. - Class C | | | 1,020 | | | 126,103 |
Enphase Energy, Inc.(a) | | | 1,060 | | | 88,022 |
EPAM Systems, Inc.(a) | | | 580 | | | 109,417 |
F5, Inc.(a) | | | 560 | | | 130,973 |
Fair Isaac Corp.(a) | | | 60 | | | 119,587 |
| | | | | | | |
| | | | | | | |
First Solar, Inc.(a) | | | 510 | | | $99,185 |
Fortinet, Inc.(a) | | | 1,560 | | | 122,710 |
Gartner, Inc.(a) | | | 230 | | | 115,575 |
Gen Digital, Inc. | | | 4,420 | | | 128,666 |
GoDaddy, Inc. - Class A(a) | | | 770 | | | 128,436 |
Hewlett Packard Enterprise Co. | | | 6,820 | | | 132,922 |
HP, Inc. | | | 3,510 | | | 124,675 |
Intel Corp. | | | 5,950 | | | 128,044 |
International Business Machines Corp. | | | 550 | | | 113,696 |
Intuit, Inc. | | | 180 | | | 109,854 |
Jabil, Inc. | | | 1,100 | | | 135,399 |
Juniper Networks, Inc. | | | 3,030 | | | 117,867 |
Keysight Technologies, Inc.(a) | | | 780 | | | 116,228 |
KLA Corp. | | | 160 | | | 106,597 |
Lam Research Corp. | | | 1,520 | | | 113,012 |
Microchip Technology, Inc. | | | 1,510 | | | 110,789 |
Micron Technology, Inc. | | | 1,280 | | | 127,552 |
Microsoft Corp. | | | 270 | | | 109,714 |
Monolithic Power Systems, Inc. | | | 130 | | | 98,709 |
Motorola Solutions, Inc. | | | 270 | | | 121,324 |
NetApp, Inc. | | | 1,000 | | | 115,310 |
Nvidia Corp. | | | 980 | | | 130,105 |
NXP Semiconductors NV | | | 510 | | | 119,595 |
ON Semiconductor Corp.(a) | | | 1,630 | | | 114,899 |
Oracle Corp. | | | 720 | | | 120,845 |
Palantir Technologies, Inc. - Class A(a) | | | 3,290 | | | 136,732 |
Palo Alto Networks, Inc.(a) | | | 340 | | | 122,512 |
PTC, Inc.(a) | | | 680 | | | 126,024 |
Qorvo, Inc.(a) | | | 1,090 | | | 77,673 |
Qualcomm, Inc. | | | 700 | | | 113,939 |
Roper Technologies, Inc. | | | 210 | | | 112,923 |
salesforce.com, Inc. | | | 460 | | | 134,030 |
Seagate Technology Holdings PLC | | | 1,150 | | | 115,426 |
ServiceNow, Inc.(a) | | | 130 | | | 121,289 |
Skyworks Solutions, Inc. | | | 1,140 | | | 99,841 |
Super Micro Computer, Inc.(a) | | | 2,560 | | | 74,522 |
Synopsys, Inc.(a) | | | 240 | | | 123,266 |
TE Connectivity PLC | | | 800 | | | 117,936 |
Teledyne Technologies, Inc.(a) | | | 270 | | | 122,936 |
Teradyne, Inc. | | | 890 | | | 94,527 |
Texas Instruments, Inc. | | | 590 | | | 119,864 |
Trimble, Inc.(a) | | | 2,070 | | | 125,235 |
Tyler Technologies, Inc.(a) | | | 200 | | | 121,118 |
VeriSign, Inc.(a) | | | 640 | | | 113,178 |
Western Digital Corp.(a) | | | 1,800 | | | 117,558 |
Zebra Technologies Corp.(a) | | | 350 | | | 133,690 |
| | | | | | 8,102,903 |
Materials - 25.2%(b)
| | | | | | |
Air Products & Chemicals, Inc. | | | 1,040 | | | 322,951 |
Albemarle Corp. | | | 3,390 | | | 321,135 |
Amcor PLC | | | 26,980 | | | 300,287 |
Avery Dennison Corp. | | | 1,350 | | | 279,490 |
Ball Corp. | | | 4,490 | | | 266,032 |
Celanese Corp. | | | 2,410 | | | 303,588 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Materials - (Continued)
|
CF Industries Holdings, Inc. | | | 3,750 | | | $308,363 |
Corteva, Inc. | | | 5,240 | | | 319,221 |
Dow, Inc. | | | 5,910 | | | 291,836 |
DuPont de Nemours, Inc. | | | 3,640 | | | 302,084 |
Eastman Chemical Co. | | | 2,880 | | | 302,659 |
Ecolab, Inc. | | | 1,180 | | | 289,961 |
FMC Corp. | | | 4,670 | | | 303,503 |
Freeport-McMoRan, Inc. | | | 6,950 | | | 312,889 |
International Flavors & Fragrances, Inc. | | | 2,860 | | | 284,370 |
International Paper Co. | | | 5,790 | | | 321,577 |
Linde PLC | | | 630 | | | 287,375 |
LyondellBasell Industries NV | | | 3,180 | | | 276,183 |
Martin Marietta Materials, Inc. | | | 540 | | | 319,864 |
Mosaic Co. | | | 11,240 | | | 300,782 |
Newmont Goldcorp Corp. | | | 5,520 | | | 250,829 |
Nucor Corp. | | | 2,070 | | | 293,609 |
Packaging Corp. of America | | | 1,410 | | | 322,805 |
PPG Industries, Inc. | | | 2,340 | | | 291,353 |
Sherwin-Williams Co. | | | 790 | | | 283,428 |
Smurfit WestRock PLC | | | 6,280 | | | 323,420 |
Steel Dynamics, Inc. | | | 2,500 | | | 326,250 |
Vulcan Materials Co. | | | 1,190 | | | 325,977 |
| | | | | | 8,431,821 |
TOTAL COMMON STOCKS
(Cost $33,292,529) | | | | | | 33,289,754 |
| | | | | | | |
| | | | | | | |
INVESTMENTS PURCHASED WITH
PROCEEDS FROM SECURITIES
LENDING - 12.5%
|
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(c) | | | 4,182,473 | | | 4,182,473 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $4,182,473) | | | | | | 4,182,473 |
TOTAL INVESTMENTS - 112.2%
(Cost $37,475,002) | | | | | | $37,472,227 |
Liabilities in Excess of Other
Assets - (12.2)% | | | | | | (4,065,003) |
TOTAL NET ASSETS - 100.0% | | | | | | $33,407,224 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
NV - Naamloze Vennootschap
PLC - Public Limited Company
(a)
| Non-income producing security. |
(b)
| To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors. |
(c)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Data & Infrastructure Real Estate ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
REAL ESTATE INVESTMENT TRUSTS - 63.7%
| | | | | | |
American Tower Corp.(a) | | | 289,163 | | | $61,747,867 |
Crown Castle, Inc. | | | 173,995 | | | 18,702,723 |
Digital Realty Trust, Inc.(a) | | | 433,915 | | | 77,336,670 |
Equinix, Inc. | | | 79,139 | | | 71,864,543 |
Iron Mountain, Inc. | | | 176,813 | | | 21,877,073 |
Keppel DC REIT | | | 8,564,283 | | | 14,825,163 |
SBA Communications Corp. | | | 85,160 | | | 19,541,665 |
Uniti Group, Inc.(a) | | | 1,531,904 | | | 7,766,753 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $270,524,968) | | | | | | 293,662,457 |
COMMON STOCKS - 36.3%
| | | | | | |
Communication Services - 24.9%
| | | | | | |
Cellnex Telecom SA(b) | | | 507,737 | | | 18,576,214 |
China Tower Corp. Ltd. - Class H(b) | | | 169,315,310 | | | 22,867,498 |
Chorus Ltd. | | | 2,575,487 | | | 13,563,008 |
Eutelsat Communications
SACA(a)(c) | | | 850,820 | | | 3,548,817 |
HKBN Ltd. | | | 5,560,977 | | | 2,453,456 |
Infrastrutture Wireless Italiane
SpA(b) | | | 1,680,396 | | | 18,881,674 |
Iridium Communications, Inc. | | | 674,078 | | | 19,770,708 |
Sarana Menara Nusantara Tbk PT | | | 121,257,030 | | | 6,180,671 |
SES SA | | | 2,320,016 | | | 9,238,656 |
| | | | | | 115,080,702 |
Financials - 3.8%
| | | | | | |
DigitalBridge Group, Inc.(a) | | | 1,103,082 | | | 17,307,357 |
Information Technology - 7.6%
| | | | | | |
GDS Holdings Ltd. - ADR(a)(c) | | | 712,910 | | | 15,619,858 |
NEXTDC Ltd.(c) | | | 1,789,126 | | | 19,242,198 |
| | | | | | 34,862,056 |
TOTAL COMMON STOCKS
(Cost $178,132,738) | | | | | | 167,250,115 |
| | | | | | | |
| | | | | | | |
INVESTMENTS PURCHASED WITH
PROCEEDS FROM SECURITIES
LENDING - 7.6%
|
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(d) | | | 34,949,187 | | | $34,949,187 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $34,949,187) | | | | | | 34,949,187 |
TOTAL INVESTMENTS - 107.6%
(Cost $483,606,893) | | | | | | $495,861,759 |
Liabilities in Excess of Other
Assets - (7.6)% | | | | | | (34,610,828) |
TOTAL NET ASSETS - 100.0% | | | | | | $461,250,931 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
ADR - American Depositary Receipt
SA - Sociedad Anónima
SpA - Societa per Azioni
(a)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $33,256,333 which represented 7.2% of net assets.
|
(b)
| Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of October 31, 2024, the value of these securities total $60,325,386 or 13.1% of the Fund’s net assets.
|
(c)
| Non-income producing security.
|
(d)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Data and Digital Revolution ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 99.9%
| | | | | | |
Industrials - 9.0%
| | | | | | |
AAON, Inc. | | | 1,542 | | | $176,127 |
Atkore, Inc. | | | 674 | | | 57,802 |
Carrier Global Corp. | | | 17,204 | | | 1,251,075 |
Johnson Controls International PLC | | | 12,690 | | | 958,730 |
Legrand SA | | | 4,986 | | | 560,790 |
Lennox International, Inc. | | | 674 | | | 406,132 |
Nexans SA | | | 833 | | | 115,304 |
nVent Electric PLC | | | 3,153 | | | 235,119 |
SPX Technologies, Inc.(a) | | | 883 | | | 126,702 |
| | | | | | 3,887,781 |
Information Technology - 90.9%(b)
| | | | | | |
Advanced Micro Devices, Inc.(a) | | | 13,634 | | | 1,964,250 |
Akamai Technologies, Inc.(a) | | | 2,891 | | | 292,222 |
Ambarella, Inc.(a) | | | 775 | | | 43,547 |
Arista Networks, Inc.(a) | | | 3,406 | | | 1,316,215 |
AvePoint, Inc.(a) | | | 3,553 | | | 43,133 |
Belden, Inc. | | | 771 | | | 87,794 |
BlackBerry Ltd.(a) | | | 11,212 | | | 25,336 |
Broadcom, Inc. | | | 25,555 | | | 4,338,472 |
Calix, Inc.(a) | | | 1,254 | | | 44,366 |
Check Point Software Technologies
Ltd.(a) | | | 2,116 | | | 366,512 |
Ciena Corp.(a) | | | 2,727 | | | 173,192 |
Cisco Systems, Inc. | | | 33,935 | | | 1,858,620 |
CommVault Systems, Inc.(a) | | | 832 | | | 129,950 |
Computacenter PLC | | | 2,151 | | | 60,563 |
Confluent, Inc. - Class A(a) | | | 4,651 | | | 121,717 |
Couchbase, Inc.(a) | | | 957 | | | 15,379 |
Credo Technology Group Holding
Ltd.(a) | | | 3,135 | | | 118,189 |
Crowdstrike Holdings, Inc. - Class A(a) | | | 4,393 | | | 1,304,150 |
CyberArk Software Ltd.(a) | | | 821 | | | 227,023 |
Datadog, Inc. - Class A(a) | | | 5,861 | | | 735,204 |
Digi International, Inc.(a) | | | 683 | | | 19,786 |
DigitalOcean Holdings, Inc.(a) | | | 1,751 | | | 69,305 |
Dropbox, Inc. - Class A(a) | | | 4,759 | | | 123,020 |
DXC Technology Co.(a) | | | 3,424 | | | 68,001 |
Dynatrace, Inc.(a) | | | 5,663 | | | 304,669 |
Elastic NV(a) | | | 1,924 | | | 154,363 |
Extreme Networks, Inc.(a) | | | 2,469 | | | 36,862 |
F5, Inc.(a) | | | 1,109 | | | 259,373 |
Fortinet, Inc.(a) | | | 14,538 | | | 1,143,559 |
Hewlett Packard Enterprise Co. | | | 24,710 | | | 481,598 |
Infinera Corp.(a) | | | 4,476 | | | 30,079 |
Informatica, Inc. - Class A(a) | | | 4,915 | | | 134,179 |
Intel Corp. | | | 81,484 | | | 1,753,536 |
InterDigital, Inc. | | | 478 | | | 71,910 |
Juniper Networks, Inc. | | | 6,261 | | | 243,553 |
Marvell Technology, Inc. | | | 16,493 | | | 1,321,254 |
MaxLinear, Inc.(a) | | | 1,593 | | | 20,661 |
MicroStrategy, Inc.(a) | | | 3,320 | | | 811,740 |
| | | | | | | |
| | | | | | | |
MongoDB, Inc.(a) | | | 1,398 | | | $378,019 |
Motorola Solutions, Inc. | | | 3,178 | | | 1,428,034 |
NET One Systems Co. Ltd. | | | 1,529 | | | 37,290 |
NetApp, Inc. | | | 3,900 | | | 449,709 |
NetScout Systems, Inc.(a) | | | 1,351 | | | 28,412 |
Nokia OYJ | | | 106,710 | | | 501,048 |
Nutanix, Inc.(a) | | | 4,683 | | | 290,814 |
NVIDIA Corp. | | | 36,168 | | | 4,801,664 |
Okta, Inc.(a) | | | 3,061 | | | 220,055 |
Oracle Corp. | | | 28,685 | | | 4,814,490 |
Oracle Corp. Japan | | | 2,444 | | | 235,616 |
Palo Alto Networks, Inc.(a) | | | 3,511 | | | 1,265,119 |
Pure Storage, Inc.(a) | | | 6,179 | | | 309,259 |
Qorvo, Inc.(a) | | | 1,802 | | | 128,411 |
Qualys, Inc.(a) | | | 695 | | | 82,872 |
Rapid7, Inc.(a) | | | 1,190 | | | 48,100 |
Seagate Technology Holdings PLC | | | 3,991 | | | 400,577 |
Semtech Corp.(a) | | | 1,222 | | | 54,000 |
SentinelOne, Inc. - Class A(a) | | | 5,448 | | | 140,504 |
Snowflake, Inc.(a) | | | 6,365 | | | 730,829 |
SolarWinds Corp. | | | 3,220 | | | 42,118 |
Super Micro Computer, Inc.(a) | | | 11,092 | | | 322,888 |
TE Connectivity PLC | | | 5,780 | | | 852,088 |
Tenable Holdings, Inc.(a) | | | 2,264 | | | 89,677 |
Teradata Corp.(a) | | | 1,824 | | | 58,788 |
Trend Micro, Inc. | | | 2,682 | | | 142,107 |
Varonis Systems, Inc.(a) | | | 2,134 | | | 107,490 |
Western Digital Corp.(a) | | | 6,212 | | | 405,706 |
Zscaler, Inc.(a) | | | 2,876 | | | 519,952 |
| | | | | | 39,198,918 |
TOTAL COMMON STOCKS
(Cost $35,757,369) | | | | | | 43,086,699 |
TOTAL INVESTMENTS - 99.9%
(Cost $35,757,369) | | | | | | $43,086,699 |
Other Assets in Excess of
Liabilities - 0.1% | | | | | | 50,376 |
TOTAL NET ASSETS - 100.0% | | | | | | $43,137,075 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
NV - Naamloze Vennootschap
PLC - Public Limited Company
SA - Sociedad Anónima
(a)
| Non-income producing security. |
(b)
| To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Developed Markets International Cash Cows 100 ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 98.3%
| | | | | | |
Australia - 3.9%
| | | | | | |
BHP Group Ltd. | | | 931,818 | | | $26,148,032 |
Fortescue Ltd. | | | 1,703,427 | | | 21,489,997 |
MMG Ltd.(a) | | | 9,849,350 | | | 3,458,757 |
Whitehaven Coal Ltd. | | | 269,523 | | | 1,207,908 |
| | | | | | 52,304,694 |
Canada - 7.9%
| | | | | | |
Canadian Natural Resources Ltd. | | | 777,095 | | | 26,426,867 |
Cenovus Energy, Inc. | | | 1,184,461 | | | 19,046,994 |
Imperial Oil Ltd.(b) | | | 243,053 | | | 18,102,588 |
Nutrien Ltd. | | | 288,993 | | | 13,779,757 |
Suncor Energy, Inc. | | | 718,169 | | | 27,125,243 |
| | | | | | 104,481,449 |
Finland - 1.5%
| | | | | | |
Fortum Oyj | | | 506,919 | | | 7,460,449 |
Nokia OYJ | | | 2,744,510 | | | 12,911,583 |
| | | | | | 20,372,032 |
France - 13.8%
| | | | | | |
Bouygues SA | | | 371,380 | | | 11,888,781 |
Carrefour SA | | | 1,138,819 | | | 18,005,215 |
Cie de Saint-Gobain SA | | | 287,412 | | | 25,942,206 |
Cie Generale des Etablissements Michelin SCA | | | 448,598 | | | 15,151,217 |
Eiffage SA | | | 138,891 | | | 12,911,169 |
Engie SA | | | 1,686,718 | | | 28,282,290 |
Publicis Groupe SA | | | 106,331 | | | 11,302,433 |
Rexel SA | | | 162,100 | | | 4,439,840 |
Teleperformance SE | | | 56,315 | | | 5,935,761 |
TOTAL SA | | | 389,668 | | | 24,329,613 |
Vinci SA | | | 228,506 | | | 25,526,814 |
| | | | | | 183,715,339 |
Germany - 8.3%
| | | | | | |
Brenntag SE | | | 92,789 | | | 6,039,718 |
Deutsche Post AG | | | 640,595 | | | 25,733,059 |
Deutsche Telekom AG | | | 1,119,761 | | | 33,885,276 |
Evonik Industries AG | | | 255,725 | | | 5,627,269 |
Fresenius SE & Co. KGaA(a) | | | 606,309 | | | 22,106,836 |
HeidelbergCement AG | | | 110,911 | | | 12,209,101 |
Zalando SE(a)(c) | | | 174,573 | | | 5,244,805 |
| | | | | | 110,846,064 |
Italy - 2.1%
| | | | | | |
Eni SpA | | | 1,808,290 | | | 27,561,115 |
Japan - 18.8%
| | | | | | |
Aisin Corp. | | | 861,613 | | | 9,087,369 |
ANA Holdings, Inc. | | | 724,256 | | | 14,347,838 |
Bridgestone Corp. | | | 292,202 | | | 10,552,273 |
Denso Corp. | | | 1,349,940 | | | 19,697,361 |
ENEOS Holdings, Inc. | | | 4,239,042 | | | 21,661,131 |
Inpex Corp. | | | 1,450,335 | | | 19,219,755 |
Isuzu Motors Ltd. | | | 390,675 | | | 5,133,491 |
| | | | | | | |
| | | | | | | |
Japan Airlines Co. Ltd. | | | 419,812 | | | $6,784,575 |
JFE Holdings, Inc. | | | 728,501 | | | 8,870,125 |
Kawasaki Kisen Kaisha Ltd. | | | 1,018,867 | | | 14,253,006 |
Koito Manufacturing Co. Ltd. | | | 161,764 | | | 2,121,862 |
Mazda Motor Corp. | | | 764,818 | | | 5,574,805 |
Mitsubishi Motors Corp. | | | 1,410,791 | | | 4,271,185 |
NIPPON EXPRESS HOLDINGS INC | | | 116,634 | | | 5,782,572 |
Nippon Yusen KK | | | 808,777 | | | 27,349,587 |
Niterra Co. Ltd. | | | 99,294 | | | 2,868,900 |
Obayashi Corp. | | | 471,243 | | | 5,863,399 |
Ono Pharmaceutical Co. Ltd. | | | 254,643 | | | 3,205,244 |
SCREEN Holdings Co. Ltd. | | | 49,070 | | | 3,239,253 |
Shionogi & Co. Ltd. | | | 310,430 | | | 4,472,366 |
Subaru Corp. | | | 696,663 | | | 12,753,509 |
TDK Corp. | | | 751,156 | | | 9,108,891 |
Tokyo Gas Co. Ltd. | | | 552,949 | | | 13,716,367 |
Toyota Tsusho Corp. | | | 883,288 | | | 15,364,816 |
USS Co. Ltd. | | | 169,975 | | | 1,435,290 |
Yakult Honsha Co. Ltd. | | | 127,875 | | | 2,792,479 |
| | | | | | 249,527,449 |
Luxembourg - 2.9%
| | | | | | |
ArcelorMittal | | | 671,323 | | | 16,561,633 |
Tenaris SA - ADR | | | 658,680 | | | 21,657,398 |
| | | | | | 38,219,031 |
Netherlands - 5.7%
| | | | | | |
Koninklijke Ahold Delhaize NV | | | 848,464 | | | 27,973,572 |
Randstad Holding NV | | | 106,547 | | | 4,908,211 |
Shell PLC - ADR(b) | | | 387,587 | | | 26,181,502 |
Stellantis NV | | | 1,246,572 | | | 17,079,635 |
| | | | | | 76,142,920 |
Norway - 1.7%
| | | | | | |
Equinor ASA - ADR(b) | | | 978,646 | | | 22,978,608 |
Poland - 0.3%
| | | | | | |
LPP SA | | | 935 | | | 3,389,382 |
Portugal - 0.9%
| | | | | | |
Galp Energia SGPS SA | | | 369,435 | | | 6,297,028 |
Jeronimo Martins SGPS SA | | | 289,375 | | | 5,624,891 |
| | | | | | 11,921,919 |
Singapore - 1.4%
| | | | | | |
Seatrium Ltd.(a) | | | 1,650,175 | | | 2,374,353 |
Singapore Airlines Ltd. | | | 3,419,307 | | | 16,727,545 |
| | | | | | 19,101,898 |
South Korea - 4.4%
| | | | | | |
Doosan Enerbility Co. Ltd.(a) | | | 475,330 | | | 6,906,063 |
Hanwha Aerospace Co. Ltd. | | | 26,154 | | | 6,974,400 |
Hanwha Industrial Solutions Co. Ltd./ New(a) | | | 28,955 | | | 887,534 |
HD Korea Shipbuilding & Offshore Engineering Co. Ltd.(a) | | | 64,530 | | | 8,575,943 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Developed Markets International Cash Cows 100 ETF
Schedule of Investments
October 31, 2024 (Unaudited) (Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
South Korea - (Continued)
|
Hyundai Mobis Co. Ltd. | | | 49,444 | | | $8,939,332 |
Kia Corp. | | | 308,579 | | | 20,549,572 |
Krafton, Inc.(a) | | | 15,750 | | | 3,777,717 |
LG H&H Co. Ltd. | | | 7,088 | | | 1,702,661 |
| | | | | | 58,313,222 |
Spain - 2.5%
| | | | | | |
ACS Actividades de Construccion y Servicios SA | | | 142,221 | | | 6,806,831 |
Telefonica SA | | | 5,779,563 | | | 27,120,876 |
| | | | | | 33,927,707 |
Sweden - 1.5%
| | | | | | |
H & M Hennes & Mauritz AB - Class B | | | 720,174 | | | 10,696,607 |
SSAB AB - Class B | | | 1,190,821 | | | 5,601,734 |
Tele2 AB - Class B | | | 398,674 | | | 4,177,741 |
| | | | | | 20,476,082 |
Switzerland - 4.1%
| | | | | | |
Glencore PLC | | | 4,578,539 | | | 23,987,265 |
Holcim Ltd. | | | 261,111 | | | 25,725,579 |
Logitech International SA | | | 60,100 | | | 4,924,644 |
| | | | | | 54,637,488 |
United Kingdom - 16.4%
| | | | | | |
Associated British Foods PLC | | | 340,800 | | | 9,760,120 |
B&M European Value Retail SA | | | 671,007 | | | 3,353,651 |
BP PLC - ADR | | | 771,521 | | | 22,651,856 |
British American Tobacco PLC - ADR | | | 875,848 | | | 30,637,163 |
Bunzl PLC | | | 146,997 | | | 6,467,322 |
Centrica PLC | | | 10,743,207 | | | 16,249,461 |
Imperial Brands PLC | | | 612,542 | | | 18,458,720 |
International Consolidated Airlines Group SA | | | 3,650,666 | | | 9,927,861 |
JD Sports Fashion PLC | | | 2,796,613 | | | 4,471,580 |
Kingfisher PLC | | | 2,017,540 | | | 7,609,481 |
Marks & Spencer Group PLC | | | 1,120,675 | | | 5,430,545 |
Rio Tinto PLC | | | 401,793 | | | 25,987,643 |
Tesco PLC | | | 4,886,204 | | | 21,560,489 |
Vodafone Group PLC - ADR | | | 3,009,886 | | | 27,901,643 |
WPP PLC | | | 722,525 | | | 7,581,891 |
| | | | | | 218,049,426 |
United States - 0.2%
| | | | | | |
Samsonite International SA(c) | | | 852,230 | | | 2,001,739 |
TOTAL COMMON STOCKS
(Cost $1,278,446,581) | | | | | | 1,307,967,564 |
| | | | | | | |
| | | | | | | |
PREFERRED STOCKS - 1.1%
| | | | | | |
Germany - 1.1%
| | | | | | |
Henkel AG & Co. KGaA 0.00%, | | | 172,558 | | | $14,937,145 |
TOTAL PREFERRED STOCKS
(Cost $15,135,474) | | | | | | 14,937,145 |
| | | Units | | | |
INVESTMENTS PURCHASED WITH
PROCEEDS FROM SECURITIES
LENDING - 3.5%
|
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(d) | | | 46,961,687 | | | 46,961,686 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $46,961,686) | | | | | | 46,961,686 |
TOTAL INVESTMENTS - 102.9%
(Cost $1,340,543,741) | | | | | | $1,369,866,395 |
Liabilities in Excess of
Other Assets - (2.9)% | | | | | | (39,561,633) |
TOTAL NET ASSETS - 100.0% | | | | | | $1,330,304,762 |
| | | | | | | |
Percentages are stated as a percent of net assets.
AB - Aktiebolag
ADR - American Depositary Receipt
AG - Aktiengesellschaft
ASA - Advanced Subscription Agreement
KGaA - Kommanditgesellschaft auf Aktien
NV - Naamloze Vennootschap
OYJ - Julkinen Asakeyhtio
PLC - Public Limited Company
SA - Sociedad Anónima
SE - Societas Europeae
SpA - Societa per Azioni
(a)
| Non-income producing security. |
(b)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $45,593,449 which represented 3.4% of net assets. |
(c)
| Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of October 31, 2024, the value of these securities total $7,246,544 or 0.5% of the Fund’s net assets. |
(d)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Emerging Markets Cash Cows 100 ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 98.6%
| | | | | | |
Brazil - 13.3%
| | | | | | |
Ambev SA - ADR - ADR | | | 968,849 | | | $2,112,091 |
Auren Energia SA | | | 250,446 | | | 444,927 |
CPFL Energia SA | | | 184,733 | | | 1,048,788 |
CSN Mineracao SA | | | 988,877 | | | 1,060,568 |
Embraer SA - ADR(a)(b) | | | 15,500 | | | 519,560 |
Gerdau SA - ADR - ADR(b) | | | 195,964 | | | 611,408 |
Lojas Renner SA | | | 151,875 | | | 489,182 |
M Dias Branco SA | | | 57,165 | | | 246,226 |
Petroleo Brasileiro SA - ADR - ADR | | | 151,960 | | | 1,879,745 |
PRIO SA/Brazil | | | 97,742 | | | 693,556 |
Sendas Distribuidora S/A(a) | | | 168,605 | | | 219,036 |
Telefonica Brasil SA | | | 201,806 | | | 1,839,011 |
TIM SA/Brazil | | | 454,351 | | | 1,302,322 |
Vale SA - ADR - ADR | | | 185,565 | | | 1,985,546 |
| | | | | | 14,451,966 |
Cayman Islands - 4.8%
| | | | | | |
Baidu, Inc. - ADR(a)(b) | | | 21,823 | | | 1,990,912 |
Xiaomi Corp. - Class B(a)(c) | | | 944,555 | | | 3,244,057 |
| | | | | | 5,234,969 |
Chile - 2.8%
| | | | | | |
Cencosud SA | | | 535,244 | | | 1,110,104 |
Falabella SA(a) | | | 329,839 | | | 1,183,951 |
Latam Airlines Group SA(a) | | | 56,699,990 | | | 758,422 |
| | | | | | 3,052,477 |
China - 24.7%
| | | | | | |
Alibaba Group Holding Ltd. - ADR(b) | | | 27,161 | | | 2,661,235 |
China Coal Energy Co. Ltd. - Class H | | | 1,694,836 | | | 2,114,703 |
China Feihe Ltd.(c) | | | 635,687 | | | 479,171 |
COSCO SHIPPING Holdings Co. Ltd. - Class H | | | 1,103,485 | | | 1,638,031 |
CRRC Corp Ltd. - Class H | | | 3,322,040 | | | 2,153,700 |
Hisense Home Appliances Group Co. Ltd. | | | 279,278 | | | 883,734 |
JD Health International, Inc.(a)(c) | | | 174,037 | | | 622,352 |
JD Logistics, Inc.(a)(c) | | | 1,120,911 | | | 2,278,128 |
JD.com, Inc. - ADR | | | 71,969 | | | 2,923,381 |
Kingsoft Corp. Ltd. | | | 116,839 | | | 404,287 |
Li Auto, Inc. - ADR(a)(b) | | | 105,125 | | | 2,629,176 |
Sinotruk Hong Kong Ltd. | | | 444,247 | | | 1,200,034 |
Tianqi Lithium Corp. - Class H | | | 584,007 | | | 1,956,932 |
Weichai Power Co. Ltd. - Class H | | | 1,118,382 | | | 1,694,671 |
Yangzijiang Shipbuilding Holdings Ltd. | | | 500,704 | | | 978,278 |
ZTE Corp. - Class H | | | 871,270 | | | 2,178,708 |
| | | | | | 26,796,521 |
Czech Republic - 1.8%
| | | | | | |
CEZ AS | | | 50,576 | | | 1,959,780 |
| | | | | | | |
| | | | | | | |
Greece - 0.9%
| | | | | | |
Hellenic Telecommunications Organization SA | | | 31,539 | | | $520,430 |
OPAP SA | | | 28,311 | | | 482,869 |
| | | | | | 1,003,299 |
Hong Kong - 1.4%
| | | | | | |
China Medical System Holdings Ltd. | | | 328,179 | | | 328,850 |
Kunlun Energy Co. Ltd. | | | 1,246,121 | | | 1,186,156 |
| | | | | | 1,515,006 |
Indonesia - 3.7%
| | | | | | |
Adaro Energy Tbk PT | | | 7,146,011 | | | 1,648,204 |
Perusahaan Gas Negara Tbk PT | | | 5,986,267 | | | 596,911 |
Telekom Indonesia Persero Tbk
PT | | | 9,737,230 | | | 1,749,537 |
| | | | | | 3,994,652 |
Malaysia - 3.3%
| | | | | | |
Malaysia Airports Holdings Bhd | | | 135,485 | | | 313,729 |
MISC Bhd | | | 330,072 | | | 566,828 |
Telekom Malaysia Bhd | | | 274,210 | | | 406,399 |
Tenaga Nasional Bhd | | | 724,232 | | | 2,322,041 |
| | | | | | 3,608,997 |
Mexico - 7.8%
| | | | | | |
Cemex SAB de CV - ADR - ADR | | | 128,382 | | | 670,154 |
Coca-Cola Femsa SAB de CV - ADR | | | 11,958 | | | 996,939 |
Fomento Economico Mexicano SAB de CV - ADR - ADR | | | 15,506 | | | 1,502,376 |
Gruma SAB de CV - Class B | | | 30,179 | | | 518,832 |
Grupo Aeroportuario del Sureste SAB de CV - ADR | | | 2,016 | | | 542,869 |
Grupo Mexico SAB de CV - Class B | | | 410,754 | | | 2,155,229 |
Kimberly-Clark de Mexico SAB de CV - Class A | | | 271,463 | | | 391,128 |
Wal-Mart de Mexico SAB de CV | | | 624,422 | | | 1,724,147 |
| | | | | | 8,501,674 |
Qatar - 1.2%
| | | | | | |
Industries Qatar QSC | | | 348,286 | | | 1,277,017 |
Russia - 0.0%(d)
| | | | | | |
Alrosa PJSC(e) | | | 91,900 | | | 0 |
Inter RAO UES PJSC(e) | | | 1,901,988 | | | 0 |
LUKOIL PJSC - ADR - ADR(a)(e) | | | 2,652 | | | 0 |
Magnit PJSC(e) | | | 1,958 | | | 0 |
Magnitogorsk Iron & Steel Works PJSC(e) | | | 106,418 | | | 0 |
Magnitogorsk Iron & Steel Works PJSC - GDR(a)(e) | | | 2,458 | | | 0 |
Severstal PAO(e) | | | 9,320 | | | 0 |
Severstal PAO - GDR(a)(e) | | | 2,129 | | | 0 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Emerging Markets Cash Cows 100 ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Russia - (Continued)
|
Surgutneftegas PJSC(e) | | | 477,461 | | | $0 |
TATNEFT PJSC ADS
(REPR 6 ORD RUB0.1)(a)(e) | | | 3,600 | | | 0 |
| | | | | | 0 |
South Africa - 5.4%
| | | | | | |
African Rainbow Minerals Ltd. | | | 14,377 | | | 144,822 |
Clicks Group Ltd. | | | 13,226 | | | 282,330 |
Exxaro Resources Ltd. | | | 69,678 | | | 654,689 |
Harmony Gold Mining Co. Ltd. - ADR | | | 34,670 | | | 375,823 |
Kumba Iron Ore Ltd. | | | 38,033 | | | 716,220 |
Mr Price Group Ltd. | | | 32,042 | | | 464,981 |
MTN Group Ltd. | | | 196,202 | | | 974,110 |
MultiChoice Group(a) | | | 31,812 | | | 200,778 |
Sasol Ltd. | | | 102,543 | | | 571,053 |
Vodacom Group Ltd. | | | 238,807 | | | 1,490,004 |
| | | | | | 5,874,810 |
Taiwan - 18.0%
| | | | | | |
Catcher Technology Co. Ltd. | | | 48,740 | | | 359,009 |
Cheng Shin Rubber Industry Co. Ltd. | | | 339,378 | | | 490,954 |
Chicony Electronics Co. Ltd. | | | 68,448 | | | 349,290 |
China Airlines Ltd. | | | 873,985 | | | 616,481 |
Compal Electronics, Inc. | | | 514,207 | | | 575,353 |
Eva Airways Corp. | | | 1,064,181 | | | 1,240,548 |
Giant Manufacturing Co. Ltd. | | | 49,283 | | | 279,947 |
Hon Hai Precision Industry Co.
Ltd. | | | 387,148 | | | 2,555,612 |
Largan Precision Co. Ltd. | | | 7,433 | | | 530,100 |
Lite-On Technology Corp. | | | 131,111 | | | 419,441 |
MediaTek, Inc. | | | 53,857 | | | 2,168,400 |
Novatek Microelectronics Corp. | | | 40,219 | | | 631,403 |
Pegatron Corp. | | | 577,858 | | | 1,785,516 |
Pou Chen Corp. | | | 523,268 | | | 617,339 |
Powertech Technology, Inc. | | | 74,705 | | | 294,949 |
President Chain Store Corp. | | | 112,066 | | | 1,031,819 |
Quanta Computer, Inc. | | | 251,736 | | | 2,384,578 |
Synnex Technology International Corp. | | | 197,893 | | | 437,909 |
Uni-President Enterprises Corp. | | | 616,891 | | | 1,727,064 |
Wistron Corp. | | | 283,112 | | | 980,819 |
| | | | | | 19,476,531 |
Thailand - 3.8%
| | | | | | |
PTT Exploration & Production
PCL | | | 465,553 | | | 1,745,220 |
PTT PCL | | | 2,411,362 | | | 2,393,855 |
| | | | | | 4,139,075 |
| | | | | | | |
| | | | | | | |
Turkey - 5.4%
| | | | | | |
AG Anadolu Grubu Holding AS | | | 64,235 | | | $543,181 |
Borusan Birlesik Boru Fabrikalari Sanayi ve Ticaret AS(a) | | | 14,819 | | | 210,078 |
Enka Insaat ve Sanayi AS | | | 292,355 | | | 401,695 |
KOC Holding AS | | | 322,415 | | | 1,590,198 |
Migros Ticaret AS | | | 23,133 | | | 274,605 |
Oyak Cimento Fabrikalari AS(a) | | | 88,578 | | | 148,125 |
Tofas Turk Otomobil Fabrikasi AS | | | 37,639 | | | 206,512 |
Turk Traktor ve Ziraat Makineleri AS | | | 12,054 | | | 253,991 |
Turkcell Iletisim Hizmetleri AS | | | 191,450 | | | 473,527 |
Turkiye Petrol Rafinerileri AS | | | 419,084 | | | 1,768,555 |
| | | | | | 5,870,467 |
United Arab Emirates - 0.3%
| | | | | | |
National Marine Dredging Co. | | | 47,129 | | | 346,438 |
TOTAL COMMON STOCKS
(Cost $99,961,599) | | | | | | 107,103,679 |
PREFERRED STOCKS - 0.9%
| | | | | | |
Brazil - 0.9%
| | | | | | |
Cia Energetica de Minas Gerais 0.00%, | | | 500,459 | | | 982,582 |
TOTAL PREFERRED STOCKS
(Cost $968,586) | | | | | | 982,582 |
| | | Units | | | |
INVESTMENTS PURCHASED
WITH PROCEEDS FROM
SECURITIES LENDING - 5.4%
|
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(f) | | | 5,872,998 | | | 5,872,998 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $5,872,998) | | | | | | 5,872,998 |
TOTAL INVESTMENTS - 104.9%
(Cost $106,803,183) | | | | | | $113,959,259 |
Liabilities in Excess of
Other Assets - (4.9)% | | | | | | (5,424,079) |
TOTAL NET ASSETS - 100.0% | | | | | | $108,535,180 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Emerging Markets Cash Cows 100 ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
Percentages are stated as a percent of net assets.
ADR - American Depositary Receipt
AG - Aktiengesellschaft
AS - Aksjeselskap
GDR - Global Depositary Receipt
PCL - Public Company Limited
PJSC - Public Joint Stock Company
SA - Sociedad Anónima
SAB de CV - Sociedad Anónima Bursátil de Capital Variable
(a)
| Non-income producing security. |
(b)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $5,301,436 which represented 4.9% of net assets. |
(c)
| Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of October 31, 2024, the value of these securities total $6,623,708 or 6.1% of the Fund’s net assets. |
(d)
| Represents less than 0.05% of net assets. |
(e)
| Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of October 31, 2024. |
(f)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Global Cash Cows Dividend ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 99.5%
| | | | | | |
Australia - 5.8%
| | | | | | |
Ampol Ltd. | | | 158,235 | | | $2,905,343 |
Atlas Arteria Ltd. | | | 1,145,529 | | | 3,678,889 |
BHP Group Ltd. - ADR(a) | | | 688,350 | | | 38,175,891 |
Coles Group Ltd. | | | 553,498 | | | 6,407,264 |
Endeavour Group Ltd. | | | 811,220 | | | 2,503,815 |
Fortescue Ltd. | | | 2,473,714 | | | 31,207,740 |
Origin Energy Ltd. | | | 841,120 | | | 5,330,586 |
Santos Ltd. | | | 1,836,401 | | | 8,193,849 |
Sonic Healthcare Ltd. | | | 213,071 | | | 3,776,169 |
Telstra Group Ltd. | | | 6,019,033 | | | 15,131,459 |
Worley Ltd. | | | 193,640 | | | 1,784,078 |
| | | | | | 119,095,083 |
Canada - 3.7%
| | | | | | |
Canadian Natural Resources Ltd. | | | 920,191 | | | 31,304,898 |
Enbridge, Inc.(a) | | | 1,110,833 | | | 44,877,653 |
| | | | | | 76,182,551 |
Finland - 0.5%
| | | | | | |
Kone Oyj - Class B - Class B | | | 202,760 | | | 11,084,940 |
France - 10.2%
| | | | | | |
Cie Generale des Etablissements Michelin SCA | | | 270,930 | | | 9,150,551 |
Danone SA | | | 236,355 | | | 16,891,131 |
Engie SA | | | 2,447,113 | | | 41,032,325 |
Kering | | | 55,080 | | | 13,711,135 |
Orange SA | | | 2,019,111 | | | 22,171,501 |
Sanofi SA - ADR | | | 807,539 | | | 42,702,662 |
TotalEnergies SE - ADR(a) | | | 566,207 | | | 35,421,910 |
Vinci SA | | | 246,050 | | | 27,486,686 |
| | | | | | 208,567,901 |
Germany - 4.4%
| | | | | | |
BASF SE | | | 687,561 | | | 33,389,708 |
Daimler AG | | | 564,544 | | | 34,204,367 |
Deutsche Post AG | | | 586,945 | | | 23,577,909 |
| | | | | | 91,171,984 |
Hong Kong - 4.2%
| | | | | | |
Budweiser Brewing Co. APAC
Ltd.(b) | | | 5,928,344 | | | 6,184,493 |
Cathay Pacific Airways Ltd. | | | 3,534,072 | | | 3,682,225 |
Chow Tai Fook Jewellery Group
Ltd. | | | 13,501,730 | | | 12,782,538 |
CK Hutchison Holdings Ltd. | | | 2,633,855 | | | 13,856,867 |
CK Infrastructure Holdings Ltd. | | | 1,491,560 | | | 10,552,450 |
CLP Holdings Ltd. | | | 1,258,964 | | | 10,696,360 |
Jardine Matheson Holdings Ltd. | | | 181,440 | | | 6,985,440 |
Power Assets Holdings Ltd. | | | 1,438,651 | | | 9,576,696 |
Swire Pacific Ltd. - Class A -
Class A | | | 711,510 | | | 5,981,037 |
WH Group Ltd.(b) | | | 7,629,172 | | | 5,947,027 |
| | | | | | 86,245,133 |
| | | | | | | |
| | | | | | | |
Italy - 3.7%
| | | | | | |
Enel SpA | | | 5,476,154 | | | $41,518,055 |
Eni SpA | | | 2,292,954 | | | 34,948,138 |
| | | | | | 76,466,193 |
Japan - 7.6%
| | | | | | |
Aisin Corp. | | | 303,540 | | | 3,201,414 |
Astellas Pharma, Inc. | | | 863,921 | | | 10,209,097 |
Inpex Corp. | | | 459,200 | | | 6,085,292 |
Isuzu Motors Ltd. | | | 382,532 | | | 5,026,492 |
Japan Tobacco, Inc. | | | 869,096 | | | 24,487,297 |
JFE Holdings, Inc. | | | 262,322 | | | 3,193,996 |
Kawasaki Kisen Kaisha Ltd. | | | 450,280 | | | 6,299,000 |
KDDI Corp. | | | 809,321 | | | 25,450,413 |
Kirin Holdings Co. Ltd. | | | 297,540 | | | 4,402,198 |
Komatsu Ltd. | | | 362,372 | | | 9,566,106 |
Mitsubishi Chemical Group Corp. | | | 628,500 | | | 3,436,605 |
Nippon Steel Corp. | | | 532,067 | | | 10,747,095 |
Nippon Yusen KK | | | 246,509 | | | 8,335,943 |
Ono Pharmaceutical Co. Ltd. | | | 190,520 | | | 2,398,114 |
SG Holdings Co. Ltd. | | | 258,180 | | | 2,599,812 |
SoftBank Corp. | | | 24,615,214 | | | 31,234,785 |
| | | | | | 156,673,659 |
Luxembourg - 0.4%
| | | | | | |
Tenaris SA | | | 449,440 | | | 7,404,054 |
Netherlands - 3.7%
| | | | | | |
Koninklijke Ahold Delhaize NV | | | 386,587 | | | 12,745,643 |
Shell PLC - ADR | | | 564,768 | | | 38,150,079 |
Stellantis NV | | | 1,821,978 | | | 24,963,435 |
| | | | | | 75,859,157 |
Norway - 1.7%
| | | | | | |
Equinor ASA | | | 1,424,139 | | | 34,185,188 |
Singapore - 2.4%
| | | | | | |
Genting Singapore Ltd. | | | 5,047,000 | | | 3,191,401 |
Jardine Cycle & Carriage Ltd. | | | 247,086 | | | 5,201,810 |
Singapore Airlines Ltd. | | | 2,228,404 | | | 10,901,545 |
Singapore Telecommunications
Ltd. | | | 9,029,676 | | | 21,403,170 |
Wilmar International Ltd. | | | 3,639,439 | | | 8,819,542 |
| | | | | | 49,517,468 |
South Korea - 1.4%
| | | | | | |
Hyundai Glovis Co. Ltd. | | | 28,410 | | | 2,513,667 |
Kia Corp. | | | 200,060 | | | 13,322,836 |
Korean Air Lines Co Ltd. | | | 138,060 | | | 2,391,039 |
KT&G Corp. | | | 74,737 | | | 5,941,050 |
LG Corp. | | | 65,690 | | | 3,603,430 |
| | | | | | 27,772,022 |
Spain - 1.7%
| | | | | | |
Endesa SA | | | 491,460 | | | 10,587,455 |
Repsol SA | | | 642,251 | | | 7,999,058 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Global Cash Cows Dividend ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Spain - (Continued)
|
Telefonica SA | | | 3,294,378 | | | $15,459,027 |
| | | | | | 34,045,540 |
Sweden - 0.6%
| | | | | | |
Telefonaktiebolaget LM Ericsson - Class B | | | 1,424,400 | | | 11,895,679 |
Switzerland - 5.9%
| | | | | | |
Holcim Ltd. | | | 206,626 | | | 20,357,524 |
Novartis AG - ADR(a) | | | 375,209 | | | 40,672,656 |
Roche Holding AG - ADR(a) | | | 1,174,506 | | | 45,582,578 |
Swisscom AG | | | 23,887 | | | 14,549,895 |
| | | | | | 121,162,653 |
Thailand - 0.2%
| | | | | | |
Thai Beverage PCL | | | 11,760,940 | | | 4,720,407 |
United Kingdom - 10.9%
| | | | | | |
BP PLC - ADR | | | 1,124,474 | | | 33,014,557 |
British American Tobacco PLC - ADR | | | 1,277,140 | | | 44,674,357 |
GSK PLC - ADR(a) | | | 768,531 | | | 28,251,200 |
Imperial Brands PLC | | | 676,877 | | | 20,397,431 |
Reckitt Benckiser Group PLC | | | 313,835 | | | 18,955,064 |
Rio Tinto PLC - ADR | | | 582,234 | | | 37,781,164 |
Tesco PLC | | | 2,837,400 | | | 12,520,093 |
Vodafone Group PLC - ADR | | | 3,043,815 | | | 28,216,165 |
| | | | | | 223,810,031 |
United States - 30.5%(c)
| | | | | | |
3M Co. | | | 350,030 | | | 44,968,354 |
AbbVie, Inc. | | | 234,744 | | | 47,857,259 |
Altria Group, Inc. | | | 851,773 | | | 46,387,558 |
AT&T, Inc. | | | 2,197,519 | | | 49,532,078 |
Bristol-Myers Squibb Co. | | | 958,835 | | | 53,474,228 |
Chevron Corp.(a) | | | 254,847 | | | 37,926,331 |
CVS Health Corp. | | | 546,100 | | | 30,832,806 |
EOG Resources, Inc. | | | 252,093 | | | 30,745,262 |
Gilead Sciences, Inc. | | | 614,730 | | | 54,600,319 |
International Business Machines Corp. | | | 233,954 | | | 48,362,971 |
Philip Morris International, Inc. | | | 383,900 | | | 50,943,530 |
The Kraft Heinz Co. | | | 599,747 | | | 20,067,535 |
United Parcel Service, Inc. -
Class B | | | 288,891 | | | 38,728,727 |
Verizon Communications, Inc. | | | 971,671 | | | 40,936,499 |
Williams Cos., Inc. | | | 577,587 | | | 30,248,231 |
| | | | | | 625,611,688 |
TOTAL COMMON STOCKS
(Cost $1,920,602,065) | | | | | | 2,041,471,331 |
| | | | | | | |
| | | | | | | |
INVESTMENTS PURCHASED WITH PROCEEDS
FROM SECURITIES LENDING - 7.5%
| | | | | | |
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(d) | | | 153,159,631 | | | $153,159,631 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $153,159,631) | | | | | | 153,159,631 |
TOTAL INVESTMENTS - 107.0%
(Cost $2,073,761,696) | | | | | | $2,194,630,962 |
Liabilities in Excess of Other
Assets - (7.0)% | | | | | | (142,777,629) |
TOTAL NET ASSETS - 100.0% | | | | | | $2,051,853,333 |
| | | | | | | |
Percentages are stated as a percent of net assets.
ADR - American Depositary Receipt
AG - Aktiengesellschaft
ASA - Advanced Subscription Agreement
NV - Naamloze Vennootschap
OYJ - Julkinen Asakeyhtio
PCL - Public Company Limited
PLC - Public Limited Company
SA - Sociedad Anónima
SE - Societas Europeae
SpA - Societa per Azioni
(a)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $148,188,310 which represented 7.2% of net assets. |
(b)
| Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of October 31, 2024, the value of these securities total $12,131,520 or 0.6% of the Fund’s net assets. |
(c)
| To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting the country or region. |
(d)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Industrial Real Estate ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
REAL ESTATE INVESTMENT TRUSTS - 95.4%
| | | | | | |
Big Yellow Group PLC | | | 206,883 | | | $3,222,543 |
Centuria Industrial REIT | | | 590,004 | | | 1,184,256 |
CubeSmart | | | 168,522 | | | 8,062,093 |
Dream Industrial Real Estate Investment Trust | | | 295,975 | | | 2,810,205 |
EastGroup Properties, Inc. | | | 48,676 | | | 8,337,225 |
ESR-LOGOS REIT | | | 6,403,345 | | | 1,357,771 |
Extra Space Storage, Inc. | | | 51,306 | | | 8,378,270 |
First Industrial Realty Trust, Inc. | | | 145,148 | | | 7,618,819 |
GLP J-Reit | | | 5,302 | | | 4,679,467 |
Granite Real Estate Investment Trust | | | 69,599 | | | 3,797,990 |
Lexington Realty Trust | | | 322,157 | | | 3,041,162 |
LondonMetric Property PLC | | | 2,185,527 | | | 5,467,199 |
Mapletree Industrial Trust | | | 2,284,760 | | | 4,152,536 |
Mapletree Logistics Trust | | | 3,742,978 | | | 3,769,906 |
National Storage Affiliates Trust(a) | | | 77,330 | | | 3,259,460 |
Prologis, Inc. | | | 233,926 | | | 26,419,602 |
Public Storage | | | 84,614 | | | 27,843,083 |
Rexford Industrial Realty, Inc. | | | 180,280 | | | 7,732,209 |
Safestore Holdings PLC | | | 236,857 | | | 2,470,824 |
Segro PLC | | | 761,952 | | | 7,714,626 |
STAG Industrial, Inc.(a) | | | 201,165 | | | 7,499,431 |
Terreno Realty Corp. | | | 105,170 | | | 6,304,942 |
Tritax Big Box REIT PLC | | | 2,456,710 | | | 4,469,798 |
Urban Logistics REIT PLC | | | 520,573 | | | 790,740 |
Warehouses De Pauw CVA | | | 198,525 | | | 4,711,927 |
WP Carey, Inc.(a) | | | 143,814 | | | 8,013,316 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $176,455,376) | | | | | | 173,109,400 |
COMMON STOCKS - 4.4%
| | | | | | |
Real Estate - 4.4%
| | | | | | |
National Storage REIT | | | 1,405,511 | | | 2,321,660 |
Sagax AB - Class B | | | 236,486 | | | 5,655,484 |
| | | | | | 7,977,144 |
TOTAL COMMON STOCKS
(Cost $7,453,650) | | | | | | 7,977,144 |
| | | | | | | |
| | | | | | | |
RIGHTS - 0.0%(b)
|
Real Estate - 0.0%(b)
| | | | | | |
ESR-LOGOS REIT, Expires 11/04/2024, Exercise Price $0.31(c)(d) | | | 267,150 | | | 0 |
TOTAL RIGHTS
(Cost $0) | | | | | | 0 |
| | | | | | | |
| | | | | | | |
INVESTMENTS PURCHASED WITH
PROCEEDS FROM SECURITIES
LENDING - 7.0%
|
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(e) | | | 12,785,723 | | | $12,785,723 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $12,785,723) | | | | | | 12,785,723 |
TOTAL INVESTMENTS - 106.8%
(Cost $196,694,749) | | | | | | $193,872,267 |
Liabilities in Excess of Other
Assets - (6.8)% | | | | | | (12,285,091) |
TOTAL NET ASSETS - 100.0% | | | | | | $181,587,176 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
PLC - Public Limited Company
(a)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $12,337,992 which represented 6.8% of net assets.
|
(b)
| Represents less than 0.05% of net assets.
|
(c)
| Non-income producing security.
|
(d)
| Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of October 31, 2024.
|
(e)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Industrials and Logistics ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 99.7%
| | | | | | |
Energy - 1.0%
| | | | | | |
ADNOC Logistics & Services | | | 6,119 | | | $9,662 |
SFL Corp. Ltd. | | | 121 | | | 1,284 |
| | | | | | 10,946 |
Industrials - 85.6%(a)
| | | | | | |
ABB Ltd. | | | 1,109 | | | 61,433 |
Abu Dhabi Ports Co. PJSC(b) | | | 4,210 | | | 6,132 |
AP Moller - Maersk AS - Class B | | | 5 | | | 7,860 |
ArcBest Corp. | | | 20 | | | 2,084 |
ATS Corp.(b) | | | 81 | | | 2,425 |
AutoStore Holdings Ltd.(b)(c) | | | 2,836 | | | 2,571 |
Az-com Maruwa Holdings, Inc. | | | 114 | | | 778 |
Canadian National Railway Co. | | | 376 | | | 40,555 |
Canadian Pacific Kansas City Ltd. | | | 558 | | | 42,996 |
Cargojet, Inc. | | | 14 | | | 1,367 |
Cargotec Oyj | | | 46 | | | 2,776 |
CH Robinson Worldwide, Inc. | | | 97 | | | 9,995 |
China Merchants Port Holdings Co. Ltd. | | | 3,472 | | | 5,716 |
Cia de Distribucion Integral Logista Holdings SA | | | 110 | | | 3,356 |
CJ Logistics Corp. | | | 19 | | | 1,209 |
Clarkson PLC | | | 25 | | | 1,130 |
COSCO Shipping Holdings Co. Ltd. - Class H | | | 2,646 | | | 3,928 |
COSCO Shipping Ports Ltd. | | | 3,037 | | | 1,734 |
Costamare, Inc. | | | 99 | | | 1,347 |
CSX Corp. | | | 1,156 | | | 38,888 |
D/S Norden AS | | | 26 | | | 890 |
Daifuku Co. Ltd. | | | 314 | | | 6,042 |
Danaos Corp. | | | 16 | | | 1,312 |
Dfds AS | | | 48 | | | 1,090 |
DHL Group | | | 995 | | | 39,892 |
DSV AS | | | 177 | | | 38,402 |
Expeditors International of
Washington, Inc. | | | 117 | | | 13,923 |
FedEx Corp. | | | 146 | | | 39,982 |
Full Truck Alliance Co. Ltd. - ADR | | | 777 | | | 6,954 |
Golden Ocean Group Ltd. | | | 165 | | | 1,769 |
GXO Logistics, Inc.(b) | | | 99 | | | 5,921 |
Hapag-Lloyd AG(c) | | | 146 | | | 25,646 |
HMM Co. Ltd. | | | 619 | | | 7,679 |
Hoegh Autoliners ASA | | | 158 | | | 1,642 |
Hyundai Glovis Co. Ltd. | | | 62 | | | 5,486 |
International Container Terminal
Services, Inc. | | | 1,682 | | | 11,462 |
International Distribution Services PLC | | | 793 | | | 3,438 |
Interroll Holding AG | | | 1 | | | 2,631 |
JB Hunt Trasport Services, Inc. | | | 85 | | | 15,353 |
JD Logistics, Inc.(b)(c) | | | 5,477 | | | 11,131 |
Kalmar Oyj - Class B(b) | | | 45 | | | 1,398 |
Kamigumi Co. Ltd. | | | 93 | | | 1,950 |
Kardex Holding AG | | | 6 | | | 1,825 |
| | | | | | | |
| | | | | | | |
Kawasaki Kisen Kaisha Ltd. | | | 558 | | | $7,786 |
KION Group AG | | | 109 | | | 4,218 |
Kirby Corp.(b) | | | 48 | | | 5,509 |
Knight-Swift Transportation
Holdings, Inc. | | | 134 | | | 6,979 |
Kuehne + Nagel International AG | | | 100 | | | 24,934 |
Landstar System, Inc. | | | 29 | | | 5,097 |
Mainfreight Ltd. | | | 83 | | | 3,539 |
Marten Transport Ltd. | | | 67 | | | 1,037 |
Matson, Inc. | | | 28 | | | 4,337 |
Mitsubishi Logisnext Co. Ltd. | | | 88 | | | 670 |
Mitsubishi Logistics Corp. | | | 330 | | | 2,231 |
Mitsui OSK Lines Ltd. | | | 300 | | | 10,287 |
Navios Maritime Partners LP | | | 25 | | | 1,334 |
Nikkon Holdings Co. Ltd. | | | 104 | | | 1,338 |
Nippon Express Holdings Inc. | | | 75 | | | 3,709 |
Nippon Yusen KK | | | 381 | | | 12,851 |
Nishi-Nippon Railroad Co. Ltd. | | | 66 | | | 956 |
Norfolk Southern Corp. | | | 187 | | | 46,830 |
Old Dominion Freight Line, Inc. | | | 178 | | | 35,835 |
Orient Overseas International Ltd. | | | 546 | | | 7,423 |
Pacific Basin Shipping Ltd. | | | 4,343 | | | 1,195 |
Pan Ocean Co. Ltd. | | | 442 | | | 1,139 |
Rumo SA | | | 1,534 | | | 5,255 |
RXO, Inc.(b) | | | 97 | | | 2,734 |
Ryder System, Inc. | | | 36 | | | 5,266 |
Saia, Inc.(b) | | | 22 | | | 10,749 |
Sankyu, Inc. | | | 48 | | | 1,680 |
Santos Brasil Participacoes SA | | | 715 | | | 1,554 |
Schneider National, Inc. - Class B | | | 76 | | | 2,149 |
Seino Holdings Co. Ltd. | | | 155 | | | 2,504 |
Senko Group Holdings Co. Ltd. | | | 130 | | | 1,226 |
SG Holdings Co. Ltd. | | | 530 | | | 5,324 |
SITC International Holdings Co. Ltd. | | | 2,219 | | | 6,279 |
Star Bulk Carriers Corp. | | | 94 | | | 1,796 |
Sumitomo Warehouse Co. Ltd. | | | 66 | | | 1,161 |
Symbotic, Inc.(b) | | | 86 | | | 2,390 |
TFI International, Inc. | | | 70 | | | 9,357 |
Toyota Industries Corp. | | | 269 | | | 19,046 |
Transcoal Pacific Tbk PT | | | 4,135 | | | 1,923 |
Union Pacific Corp. | | | 364 | | | 84,474 |
United Parcel Service, Inc. - Class B | | | 438 | | | 58,718 |
Wallenius Wilhelmsen ASA | | | 350 | | | 3,433 |
Werner Enterprises, Inc. | | | 51 | | | 1,881 |
XPO Logistics, Inc.(b) | | | 96 | | | 12,531 |
Yamato Holdings Co. Ltd. | | | 298 | | | 3,170 |
Yaskawa Electric Corp. | | | 221 | | | 6,464 |
ZIM Integrated Shipping Services Ltd. | | | 100 | | | 2,379 |
ZTO Express Cayman, Inc. | | | 502 | | | 11,603 |
| | | | | | 938,378 |
Information Technology - 13.1%
| | | | | | |
Celestica, Inc.(b) | | | 98 | | | 6,699 |
Cognex Corp. | | | 142 | | | 5,713 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Industrials and Logistics ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Information Technology - (Continued)
|
Flex Ltd.(b) | | | 329 | | | $11,406 |
Sanmina Corp.(b) | | | 45 | | | 3,154 |
SAP SE | | | 502 | | | 117,065 |
| | | | | | 144,037 |
TOTAL COMMON STOCKS
(Cost $978,207) | | | | | | 1,093,361 |
TOTAL INVESTMENTS - 99.7%
(Cost $978,207) | | | | | | $1,093,361 |
Other Assets in Excess of
Liabilities - 0.3% | | | | | | 3,270 |
TOTAL NET ASSETS - 100.0% | | | | | | $1,096,631 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
ADR - American Depositary Receipt
AG - Aktiengesellschaft
ASA - Advanced Subscription Agreement
PJSC - Public Joint Stock Company
PLC - Public Limited Company
SA - Sociedad Anónima
(a)
| To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors. |
(b)
| Non-income producing security. |
(c)
| Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of October 31, 2024, the value of these securities total $39,348 or 3.6% of the Fund’s net assets. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Lunt Large Cap Alternator ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 98.0%
| | | | | | |
Communication Services - 3.3%
| | | | | | |
Electronic Arts, Inc. | | | 12,689 | | | $1,914,136 |
Omnicom Group, Inc.(a) | | | 19,293 | | | 1,948,593 |
T-Mobile US, Inc. | | | 12,954 | | | 2,890,814 |
| | | | | | 6,753,543 |
Consumer Discretionary - 5.1%
| | | | | | |
Darden Restaurants, Inc. | | | 12,230 | | | 1,957,044 |
Hilton Worldwide Holdings, Inc. | | | 8,589 | | | 2,017,127 |
McDonald’s Corp. | | | 7,610 | | | 2,222,957 |
TJX Cos., Inc. | | | 19,856 | | | 2,244,324 |
Yum! Brands, Inc.(a) | | | 15,517 | | | 2,035,210 |
| | | | | | 10,476,662 |
Consumer Staples - 14.7%
| | | | | | |
Altria Group, Inc. | | | 36,331 | | | 1,978,586 |
Church & Dwight Co., Inc. | | | 19,081 | | | 1,906,383 |
Coca-Cola Co. | | | 38,031 | | | 2,483,805 |
Colgate-Palmolive Co. | | | 23,153 | | | 2,169,668 |
Constellation Brands, Inc. - Class A | | | 7,732 | | | 1,796,453 |
Costco Wholesale Corp. | | | 2,236 | | | 1,954,666 |
General Mills, Inc. | | | 25,665 | | | 1,745,733 |
Keurig Dr Pepper, Inc. | | | 53,698 | | | 1,769,349 |
Kimberly-Clark Corp. | | | 13,792 | | | 1,850,611 |
Mondelez International, Inc. - Class A | | | 28,273 | | | 1,936,135 |
PepsiCo, Inc. | | | 11,697 | | | 1,942,638 |
Philip Morris International, Inc. | | | 17,689 | | | 2,347,330 |
Procter & Gamble Co. | | | 13,912 | | | 2,297,984 |
Sysco Corp.(a) | | | 23,423 | | | 1,755,554 |
Walmart, Inc. | | | 29,834 | | | 2,444,896 |
| | | | | | 30,379,791 |
Energy - 3.4%
| | | | | | |
Kinder Morgan, Inc. | | | 98,603 | | | 2,416,760 |
ONEOK, Inc. | | | 22,105 | | | 2,141,532 |
Williams Cos., Inc. | | | 45,153 | | | 2,364,663 |
| | | | | | 6,922,955 |
Financials - 23.4%
| | | | | | |
Aflac, Inc. | | | 17,985 | | | 1,884,648 |
American International Group, Inc. | | | 26,575 | | | 2,016,511 |
Ameriprise Financial, Inc. | | | 4,711 | | | 2,404,023 |
Arthur J Gallagher & Co. | | | 6,766 | | | 1,902,599 |
Bank of New York Mellon Corp. | | | 30,975 | | | 2,334,276 |
Berkshire Hathaway, Inc. - Class B(b) | | | 6,353 | | | 2,864,695 |
Brown & Brown, Inc. | | | 18,522 | | | 1,938,142 |
Cboe Global Markets, Inc. | | | 8,681 | | | 1,854,001 |
Chubb Ltd. | | | 7,576 | | | 2,139,765 |
CME Group, Inc. | | | 9,861 | | | 2,222,275 |
Fiserv, Inc.(b) | | | 12,969 | | | 2,566,565 |
Hartford Financial Services
Group, Inc. | | | 18,232 | | | 2,013,542 |
Intercontinental Exchange, Inc. | | | 13,627 | | | 2,124,041 |
JPMorgan Chase & Co. | | | 9,633 | | | 2,137,755 |
| | | | | | | |
| | | | | | | |
Loews Corp. | | | 31,085 | | | $2,454,472 |
Marsh & McLennan Cos., Inc. | | | 10,748 | | | 2,345,644 |
MasterCard, Inc. - Class A | | | 4,807 | | | 2,401,529 |
MetLife, Inc. | | | 26,524 | | | 2,080,012 |
Principal Financial Group, Inc. | | | 24,089 | | | 1,984,934 |
Prudential Financial, Inc. | | | 17,126 | | | 2,097,593 |
S&P Global, Inc. | | | 3,970 | | | 1,907,029 |
Visa, Inc. - Class A | | | 9,086 | | | 2,633,577 |
| | | | | | 48,307,628 |
Health Care - 9.7%
| | | | | | |
Abbott Laboratories | | | 16,582 | | | 1,879,901 |
AbbVie, Inc. | | | 9,636 | | | 1,964,491 |
Cencora, Inc. | | | 8,515 | | | 1,942,101 |
Elevance Health, Inc. | | | 3,379 | | | 1,371,063 |
Hologic, Inc.(b) | | | 22,574 | | | 1,825,559 |
Johnson & Johnson | | | 13,740 | | | 2,196,477 |
Labcorp Holdings, Inc. | | | 8,133 | | | 1,856,520 |
McKesson Corp. | | | 3,063 | | | 1,533,307 |
Medtronic PLC | | | 21,899 | | | 1,954,486 |
Quest Diagnostics, Inc. | | | 12,006 | | | 1,858,889 |
Regeneron Pharmaceuticals, Inc.(b) | | | 1,810 | | | 1,517,142 |
| | | | | | 19,899,936 |
Industrials - 15.1%
| | | | | | |
AMETEK, Inc. | | | 12,036 | | | 2,206,680 |
Automatic Data Processing, Inc. | | | 7,365 | | | 2,130,253 |
Broadridge Financial Solutions, Inc. | | | 8,670 | | | 1,828,156 |
Cintas Corp. | | | 9,734 | | | 2,003,354 |
CSX Corp. | | | 57,023 | | | 1,918,254 |
General Dynamics Corp. | | | 6,764 | | | 1,972,450 |
Honeywell International, Inc. | | | 10,791 | | | 2,219,493 |
IDEX Corp. | | | 9,834 | | | 2,110,770 |
Illinois Tool Works, Inc. | | | 8,731 | | | 2,279,926 |
Lockheed Martin Corp. | | | 3,517 | | | 1,920,458 |
Otis Worldwide Corp. | | | 20,819 | | | 2,044,426 |
Paychex, Inc.(a) | | | 14,389 | | | 2,004,819 |
Republic Services, Inc. | | | 12,219 | | | 2,419,362 |
Union Pacific Corp. | | | 8,390 | | | 1,947,067 |
Waste Management, Inc. | | | 9,460 | | | 2,041,941 |
| | | | | | 31,047,409 |
Information Technology - 4.1%
| | | | | | |
Cisco Systems, Inc. | | | 40,746 | | | 2,231,659 |
Motorola Solutions, Inc. | | | 4,844 | | | 2,176,651 |
Roper Technologies, Inc. | | | 4,025 | | | 2,164,363 |
VeriSign, Inc.(b) | | | 10,828 | | | 1,914,824 |
| | | | | | 8,487,497 |
Materials - 6.5%
| | | | | | |
Avery Dennison Corp. | | | 9,733 | | | 2,015,023 |
Dow, Inc. | | | 33,898 | | | 1,673,883 |
Ecolab, Inc. | | | 7,524 | | | 1,848,873 |
Linde PLC | | | 4,863 | | | 2,218,257 |
LyondellBasell Industries NV - Class A | | | 19,279 | | | 1,674,381 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Lunt Large Cap Alternator ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Materials - (Continued)
|
Packaging Corp. of America | | | 9,324 | | | $2,134,637 |
PPG Industries, Inc. | | | 14,885 | | | 1,853,331 |
| | | | | | 13,418,385 |
Utilities - 12.7%
| | | | | | |
Alliant Energy Corp. | | | 32,488 | | | 1,949,280 |
Atmos Energy Corp.(a) | | | 16,221 | | | 2,251,151 |
CMS Energy Corp. | | | 28,005 | | | 1,949,428 |
Consolidated Edison, Inc. | | | 18,925 | | | 1,924,294 |
Duke Energy Corp. | | | 18,012 | | | 2,076,243 |
Entergy Corp. | | | 15,603 | | | 2,415,032 |
Evergy, Inc. | | | 29,719 | | | 1,796,216 |
FirstEnergy Corp. | | | 43,879 | | | 1,835,459 |
PPL Corp. | | | 62,322 | | | 2,029,204 |
Public Service Enterprise Group, Inc. | | | 23,288 | | | 2,082,180 |
Sempra | | | 23,397 | | | 1,950,608 |
Southern Co. | | | 22,223 | | | 2,022,960 |
WEC Energy Group, Inc. | | | 19,837 | | | 1,895,029 |
| | | | | | 26,177,084 |
TOTAL COMMON STOCKS
(Cost $183,412,795) | | | | | | 201,870,890 |
REAL ESTATE INVESTMENT TRUSTS - 1.9%
| | | | | | |
AvalonBay Communities, Inc. | | | 8,444 | | | 1,871,275 |
Welltower, Inc. | | | 15,249 | | | 2,056,784 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $3,583,551) | | | | | | 3,928,059 |
| | | | | | | |
| | | | | | | |
INVESTMENTS PURCHASED WITH
PROCEEDS FROM SECURITIES
LENDING - 3.1%
|
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(c) | | | 6,346,271 | | | 6,346,271 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $6,346,271) | | | | | | 6,346,271 |
TOTAL INVESTMENTS - 103.0%
(Cost $193,342,617) | | | | | | $212,145,220 |
Liabilities in Excess of Other
Assets - (3.0)% | | | | | | (6,085,473) |
TOTAL NET ASSETS - 100.0% | | | | | | $206,059,747 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
NV - Naamloze Vennootschap
PLC - Public Limited Company
(a)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $6,140,458 which represented 3.0% of net assets.
|
(b)
| Non-income producing security.
|
(c)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Lunt Large Cap Multi-Factor Alternator ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 99.3%
| | | | | | |
Communication Services - 6.9%
| | | | | | |
AT&T, Inc. | | | 100,690 | | | $ 2,269,553 |
Electronic Arts, Inc. | | | 3,483 | | | 525,410 |
Meta Platforms, Inc. - Class A | | | 22,482 | | | 12,760,334 |
Netflix, Inc.(a) | | | 7,891 | | | 5,965,833 |
News Corp. - Class A | | | 5,110 | | | 139,247 |
News Corp. - Class B(b) | | | 1,580 | | | 45,883 |
Omnicom Group, Inc.(b) | | | 2,963 | | | 299,263 |
T-Mobile US, Inc. | | | 8,348 | | | 1,862,940 |
| | | | | | 23,868,463 |
Consumer Discretionary - 9.2%
| | | | | | |
Amazon.com, Inc.(a) | | | 95,929 | | | 17,881,166 |
BorgWarner, Inc.(b) | | | 4,527 | | | 152,243 |
Chipotle Mexican Grill, Inc.(a)(b) | | | 16,000 | | | 892,320 |
Deckers Outdoor Corp.(a) | | | 4,522 | | | 727,544 |
eBay, Inc. | | | 8,408 | | | 483,544 |
Garmin Ltd. | | | 2,790 | | | 553,396 |
Hilton Worldwide Holdings, Inc. | | | 3,482 | | | 817,748 |
Lennar Corp. - Class A | | | 3,863 | | | 657,869 |
Lululemon Athletica, Inc.(a) | | | 1,784 | | | 531,454 |
NIKE, Inc. - Class B | | | 22,362 | | | 1,724,781 |
NVR, Inc.(a) | | | 84 | | | 768,836 |
Pool Corp. | | | 828 | | | 299,438 |
PulteGroup, Inc. | | | 2,720 | | | 352,322 |
Ralph Lauren Corp. | | | 631 | | | 124,894 |
Ross Stores, Inc. | | | 5,059 | | | 706,843 |
Royal Caribbean Cruises Ltd.(b) | | | 2,440 | | | 503,494 |
TJX Cos., Inc. | | | 36,665 | | | 4,144,245 |
Ulta Beauty, Inc.(a) | | | 849 | | | 313,264 |
| | | | | | 31,635,401 |
Consumer Staples - 10.1%
| | | | | | |
Archer-Daniels-Midland Co. | | | 7,565 | | | 417,664 |
Clorox Co. | | | 2,218 | | | 351,664 |
Colgate-Palmolive Co. | | | 13,196 | | | 1,236,597 |
Costco Wholesale Corp. | | | 15,572 | | | 13,612,731 |
Hershey Co.(b) | | | 2,226 | | | 395,293 |
Kellanova | | | 4,936 | | | 398,088 |
Kenvue, Inc. | | | 29,884 | | | 685,240 |
Kimberly-Clark Corp. | | | 6,044 | | | 810,984 |
Mondelez International, Inc. | | | 21,162 | | | 1,449,174 |
Monster Beverage Corp.(a) | | | 11,143 | | | 587,013 |
PepsiCo, Inc. | | | 21,389 | | | 3,552,285 |
Procter & Gamble Co. | | | 36,357 | | | 6,005,449 |
Sysco Corp.(b) | | | 7,587 | | | 568,646 |
Walmart, Inc. | | | 56,571 | | | 4,635,993 |
| | | | | | 34,706,821 |
Energy - 1.7%
| | | | | | |
APA Corp.(b) | | | 6,501 | | | 153,424 |
Diamondback Energy, Inc. | | | 2,490 | | | 440,157 |
Kinder Morgan, Inc. | | | 23,392 | | | 573,338 |
Marathon Petroleum Corp. | | | 9,109 | | | 1,325,086 |
| | | | | | | |
| | | | | | | |
ONEOK, Inc. | | | 6,934 | | | $ 671,766 |
Phillips 66 | | | 4,590 | | | 559,154 |
Targa Resources Corp. | | | 4,760 | | | 794,730 |
Valero Energy Corp.(b) | | | 4,881 | | | 633,358 |
Williams Cos., Inc. | | | 15,996 | | | 837,710 |
| | | | | | 5,988,723 |
Financials - 19.9%
| | | | | | |
Aflac, Inc. | | | 6,694 | | | 701,464 |
Allstate Corp. | | | 4,600 | | | 857,992 |
American Express Co. | | | 9,670 | | | 2,611,674 |
American International Group, Inc. | | | 8,752 | | | 664,102 |
Ameriprise Financial, Inc. | | | 2,349 | | | 1,198,695 |
Arch Capital Group Ltd.(a) | | | 6,344 | | | 625,265 |
Arthur J Gallagher & Co. | | | 2,936 | | | 825,603 |
Bank of New York Mellon Corp. | | | 13,692 | | | 1,031,829 |
Berkshire Hathaway, Inc. - Class B(a) | | | 25,801 | | | 11,634,187 |
Brown & Brown, Inc. | | | 3,765 | | | 393,970 |
Cboe Global Markets, Inc. | | | 1,306 | | | 278,922 |
Chubb Ltd. | | | 5,806 | | | 1,639,847 |
Cincinnati Financial Corp. | | | 2,393 | | | 337,006 |
Citigroup, Inc. | | | 25,780 | | | 1,654,303 |
Everest Group Ltd. | | | 685 | | | 243,593 |
Fifth Third Bancorp | | | 8,540 | | | 373,027 |
Fiserv, Inc.(a)(b) | | | 7,361 | | | 1,456,742 |
Goldman Sachs Group, Inc. | | | 4,940 | | | 2,557,883 |
Hartford Financial Services
Group, Inc. | | | 6,466 | | | 714,105 |
Intercontinental Exchange, Inc. | | | 8,360 | | | 1,303,073 |
Jack Henry & Associates, Inc. | | | 1,137 | | | 206,854 |
JPMorgan Chase & Co. | | | 43,835 | | | 9,727,863 |
KKR & Co., Inc. | | | 16,410 | | | 2,268,518 |
Loews Corp. | | | 2,550 | | | 201,348 |
MarketAxess Holdings, Inc. | | | 566 | | | 163,812 |
MasterCard, Inc. - Class A | | | 16,324 | | | 8,155,307 |
Moody’s Corp. | | | 2,359 | | | 1,071,080 |
Nasdaq, Inc. | | | 5,380 | | | 397,690 |
Progressive Corp. | | | 22,456 | | | 5,452,990 |
Prudential Financial, Inc. | | | 5,108 | | | 625,628 |
Synchrony Financial | | | 5,060 | | | 279,008 |
T Rowe Price Group, Inc. | | | 3,340 | | | 366,932 |
Visa, Inc. - Class A | | | 26,751 | | | 7,753,777 |
W R Berkley Corp. | | | 3,780 | | | 216,103 |
Willis Towers Watson PLC | | | 1,310 | | | 395,869 |
| | | | | | 68,386,061 |
Health Care - 10.1%
| | | | | | |
Agilent Technologies, Inc. | | | 4,368 | | | 569,194 |
Amgen, Inc. | | | 7,290 | | | 2,333,966 |
Baxter International, Inc. | | | 9,293 | | | 331,760 |
Boston Scientific Corp.(a) | | | 22,400 | | | 1,882,048 |
Cencora, Inc. | | | 5,117 | | | 1,167,085 |
Centene Corp.(a) | | | 9,510 | | | 592,093 |
Eli Lilly & Co. | | | 13,902 | | | 11,535,045 |
GE HealthCare Technologies, Inc. | | | 7,539 | | | 658,532 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Lunt Large Cap Multi-Factor Alternator ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Health Care - (Continued)
|
Hologic, Inc.(a) | | | 3,480 | | | $ 281,428 |
IDEXX Laboratories, Inc.(a) | | | 1,460 | | | 594,103 |
Johnson & Johnson | | | 49,730 | | | 7,949,838 |
Labcorp Holdings, Inc. | | | 1,509 | | | 344,459 |
McKesson Corp.(b) | | | 2,653 | | | 1,328,065 |
Regeneron Pharmaceuticals, Inc.(a) | | | 1,894 | | | 1,587,551 |
Solventum Corp.(a) | | | 2,125 | | | 154,233 |
Steris PLC | | | 1,420 | | | 315,027 |
Universal Health Services, Inc. -
Class B | | | 900 | | | 183,879 |
Vertex Pharmaceuticals, Inc.(a) | | | 3,300 | | | 1,570,734 |
Zoetis, Inc. | | | 6,588 | | | 1,177,803 |
| | | | | | 34,556,843 |
Industrials - 12.4%
| | | | | | |
A O Smith Corp. | | | 2,254 | | | 169,275 |
Automatic Data Processing, Inc. | | | 10,390 | | | 3,005,203 |
Axon Enterprise, Inc.(a) | | | 980 | | | 415,030 |
Broadridge Financial Solutions, Inc. | | | 3,204 | | | 675,595 |
Builders FirstSource, Inc.(a) | | | 2,043 | | | 350,170 |
Caterpillar, Inc. | | | 8,097 | | | 3,046,091 |
CH Robinson Worldwide, Inc.(b) | | | 1,872 | | | 192,891 |
Cintas Corp. | | | 12,022 | | | 2,474,248 |
Cummins, Inc. | | | 2,432 | | | 800,079 |
Eaton Corp. PLC | | | 5,300 | | | 1,757,374 |
Emerson Electric Co. | | | 10,500 | | | 1,136,835 |
Expeditors International of
Washington, Inc. | | | 2,640 | | | 314,160 |
Fastenal Co. | | | 11,176 | | | 873,740 |
General Dynamics Corp. | | | 3,824 | | | 1,115,117 |
General Electric Co. | | | 41,325 | | | 7,098,808 |
Howmet Aerospace, Inc. | | | 7,910 | | | 788,785 |
Illinois Tool Works, Inc. | | | 6,730 | | | 1,757,405 |
Ingersoll Rand, Inc. | | | 6,550 | | | 628,800 |
Leidos Holdings, Inc. | | | 2,580 | | | 472,553 |
Lockheed Martin Corp. | | | 4,792 | | | 2,616,672 |
Parker-Hannifin Corp. | | | 1,480 | | | 938,424 |
Paychex, Inc.(b) | | | 6,990 | | | 973,917 |
Paycom Software, Inc. | | | 725 | | | 151,547 |
Republic Services, Inc. | | | 3,160 | | | 625,680 |
Rockwell Automation, Inc. | | | 2,149 | | | 573,160 |
RTX Corp. | | | 17,020 | | | 2,059,250 |
Trane Technologies PLC | | | 4,150 | | | 1,536,164 |
TransDigm Group, Inc. | | | 890 | | | 1,159,047 |
United Rentals, Inc. | | | 860 | | | 699,008 |
Veralto Corp. | | | 7,941 | | | 811,491 |
Verisk Analytics, Inc. | | | 2,438 | | | 669,767 |
W.W. Grainger, Inc. | | | 1,318 | | | 1,461,965 |
Waste Management, Inc. | | | 4,002 | | | 863,832 |
Westinghouse Air Brake Technologies Corp. | | | 2,260 | | | 424,835 |
| | | | | | 42,636,918 |
| | | | | | | |
| | | | | | | |
Information Technology - 26.5%(c)
| | | | | | |
Adobe, Inc.(a) | | | 8,442 | | | $ 4,035,951 |
Amphenol Corp. - Class A | | | 18,500 | | | 1,239,870 |
Apple, Inc. | | | 33,944 | | | 7,668,289 |
Applied Materials, Inc. | | | 14,161 | | | 2,571,354 |
Arista Networks, Inc.(a) | | | 4,900 | | | 1,893,556 |
Autodesk, Inc.(a) | | | 4,355 | | | 1,235,949 |
Broadcom, Inc. | | | 114,483 | | | 19,435,779 |
CDW Corp. | | | 2,127 | | | 400,365 |
Cisco Systems, Inc. | | | 70,295 | | | 3,850,057 |
Cognizant Technology Solutions
Corp. | | | 7,078 | | | 527,948 |
F5, Inc.(a) | | | 963 | | | 225,226 |
Fair Isaac Corp.(a) | | | 510 | | | 1,016,486 |
Gartner, Inc.(a) | | | 2,759 | | | 1,386,398 |
GoDaddy, Inc. - Class A(a) | | | 3,420 | | | 570,456 |
International Business Machines Corp. | | | 12,390 | | | 2,561,261 |
Intuit, Inc. | | | 4,079 | | | 2,489,414 |
Jabil, Inc. | | | 2,304 | | | 283,599 |
Keysight Technologies, Inc.(a)(b) | | | 2,571 | | | 383,105 |
KLA Corp. | | | 4,272 | | | 2,846,135 |
Lam Research Corp. | | | 21,886 | | | 1,627,224 |
Microchip Technology, Inc. | | | 10,234 | | | 750,869 |
Microsoft Corp. | | | 16,394 | | | 6,661,702 |
Motorola Solutions, Inc. | | | 2,744 | | | 1,233,016 |
NetApp, Inc. | | | 3,210 | | | 370,145 |
Nvidia Corp. | | | 143,453 | | | 19,044,820 |
Palo Alto Networks, Inc.(a) | | | 4,873 | | | 1,755,888 |
Qualcomm, Inc. | | | 20,941 | | | 3,408,567 |
Seagate Technology Holdings PLC | | | 3,090 | | | 310,143 |
Skyworks Solutions, Inc. | | | 2,506 | | | 219,476 |
TE Connectivity PLC | | | 4,924 | | | 725,896 |
Tyler Technologies, Inc.(a) | | | 530 | | | 320,963 |
| | | | | | 91,049,907 |
Materials - 1.5%
| | | | | | |
Ball Corp. | | | 6,814 | | | 403,730 |
DuPont de Nemours, Inc. | | | 5,979 | | | 496,197 |
Ecolab, Inc. | | | 2,689 | | | 660,768 |
LyondellBasell Industries NV -
Class A | | | 4,011 | | | 348,355 |
Martin Marietta Materials, Inc. | | | 1,822 | | | 1,079,243 |
Packaging Corp. of America | | | 1,182 | | | 270,607 |
Sherwin-Williams Co. | | | 4,027 | | | 1,444,767 |
Vulcan Materials Co. | | | 2,034 | | | 557,174 |
| | | | | | 5,260,841 |
Utilities - 1.0%
| | | | | | |
Constellation Energy Corp. | | | 5,160 | | | 1,356,874 |
NRG Energy, Inc. | | | 4,890 | | | 442,056 |
Public Service Enterprise Group, Inc. | | | 6,116 | | | 546,831 |
Vistra Corp. | | | 8,360 | | | 1,044,666 |
| | | | | | 3,390,427 |
TOTAL COMMON STOCKS
(Cost $324,334,744) | | | | | | 341,480,405 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Lunt Large Cap Multi-Factor Alternator ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
REAL ESTATE INVESTMENT TRUSTS - 0.6%
| | | | | | |
Iron Mountain, Inc. | | | 6,330 | | | $783,211 |
Welltower, Inc. | | | 8,320 | | | 1,122,202 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $1,720,836) | | | | | | 1,905,413 |
| | | Units | | | |
INVESTMENTS PURCHASED WITH
PROCEEDS FROM SECURITIES
LENDING - 1.4%
|
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(d) | | | 4,834,392 | | | 4,834,392 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $4,834,392) | | | | | | 4,834,392 |
TOTAL INVESTMENTS - 101.3%
(Cost $330,889,972) | | | | | | $348,220,210 |
Liabilities in Excess of Other
Assets - (1.3)% | | | | | | (4,488,343) |
TOTAL NET ASSETS - 100.0% | | | | | | $343,731,867 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
NV - Naamloze Vennootschap
PLC - Public Limited Company
(a)
| Non-income producing security. |
(b)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $4,702,649 which represented 1.4% of net assets. |
(c)
| To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors. |
(d)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Lunt MidCap Multi-Factor Alternator ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 88.7%
| | | | | | |
Communication Services - 1.6%
| | | | | | |
Iridium Communications, Inc. | | | 12,040 | | | $353,133 |
New York Times Co. - Class A | | | 6,268 | | | 350,005 |
ZoomInfo Technologies, Inc.(a) | | | 26,190 | | | 289,400 |
| | | | | | 992,538 |
Consumer Discretionary - 9.8%
| | | | | | |
Boyd Gaming Corp. | | | 4,700 | | | 325,663 |
Carter’s, Inc. | | | 2,790 | | | 152,613 |
Five Below, Inc.(a) | | | 6,060 | | | 574,427 |
Floor & Decor Holdings, Inc. - Class A(a)(b) | | | 7,530 | | | 775,967 |
Gentex Corp. | | | 13,255 | | | 401,759 |
Goodyear Tire & Rubber Co.(a) | | | 23,250 | | | 186,233 |
Lear Corp.(b) | | | 4,670 | | | 447,199 |
Marriott Vacations Worldwide Corp. | | | 2,716 | | | 209,213 |
Murphy USA, Inc. | | | 664 | | | 324,331 |
Polaris, Inc. | | | 5,070 | | | 354,444 |
RH(a) | | | 1,066 | | | 339,041 |
Texas Roadhouse, Inc. | | | 2,065 | | | 394,663 |
Under Armour, Inc. - Class(a)(b) | | | 12,980 | | | 110,979 |
Under Armour, Inc. - Class C(a) | | | 9,030 | | | 71,337 |
Vail Resorts, Inc.(b) | | | 3,050 | | | 505,355 |
Visteon Corp.(a) | | | 2,340 | | | 211,185 |
Wendy’s Co. | | | 13,990 | | | 267,349 |
Whirlpool Corp.(b) | | | 4,297 | | | 444,782 |
| | | | | | 6,096,540 |
Consumer Staples - 5.4%
| | | | | | |
Boston Beer Co., Inc. - Class A(a) | | | 710 | | | 206,660 |
Coty, Inc. - Class A(a) | | | 27,610 | | | 205,418 |
Darling Ingredients, Inc.(a) | | | 15,658 | | | 612,384 |
Flowers Foods, Inc. | | | 29,611 | | | 658,253 |
Ingredion, Inc. | | | 3,290 | | | 436,780 |
Pilgrim’s Pride Corp.(a)(b) | | | 7,980 | | | 386,551 |
Post Holdings, Inc.(a) | | | 3,652 | | | 398,835 |
US Foods Holding Corp.(a) | | | 6,549 | | | 403,746 |
| | | | | | 3,308,627 |
Energy - 2.3%
| | | | | | |
Antero Midstream Corp. | | | 29,426 | | | 422,852 |
Chord Energy Corp. | | | 2,189 | | | 273,844 |
DT Midstream, Inc.(b) | | | 6,176 | | | 556,766 |
PBF Energy, Inc. - Class A | | | 6,750 | | | 192,510 |
| | | | | | 1,445,972 |
Financials - 14.2%
| | | | | | |
Affiliated Managers Group, Inc. | | | 2,263 | | | 438,796 |
American Financial Group, Inc. | | | 3,051 | | | 393,365 |
Essent Group Ltd. | | | 6,446 | | | 386,824 |
Federated Hermes, Inc. | | | 12,133 | | | 486,897 |
Flagstar Financial, Inc.(b) | | | 25,928 | | | 262,391 |
Hanover Insurance Group, Inc. | | | 2,948 | | | 437,277 |
Houlihan Lokey, Inc. | | | 2,584 | | | 446,438 |
Interactive Brokers Group, Inc. | | | 2,988 | | | 455,909 |
| | | | | | | |
| | | | | | | |
Janus Henderson Group PLC | | | 10,004 | | | $413,265 |
Jefferies Financial Group, Inc. | | | 6,317 | | | 404,162 |
MGIC Investment Corp. | | | 15,172 | | | 379,907 |
Old Republic International Corp. | | | 12,663 | | | 442,319 |
Primerica, Inc. | | | 1,484 | | | 410,786 |
Reinsurance Group of America, Inc. | | | 2,044 | | | 431,447 |
RLI Corp. | | | 2,647 | | | 412,853 |
SEI Investments Co. | | | 7,256 | | | 542,458 |
Selective Insurance Group, Inc. | | | 4,280 | | | 388,710 |
Stifel Financial Corp. | | | 4,566 | | | 473,129 |
Unum Group | | | 6,662 | | | 427,567 |
Valley National Bancorp | | | 28,910 | | | 273,778 |
Voya Financial, Inc.(b) | | | 6,143 | | | 493,283 |
| | | | | | 8,801,561 |
Health Care - 12.4%
| | | | | | |
Acadia Healthcare Co., Inc.(a) | | | 7,300 | | | 311,637 |
Chemed Corp. | | | 688 | | | 371,685 |
Dentsply Serona, Inc.(b) | | | 20,560 | | | 476,375 |
Doximity, Inc. - Class A(a) | | | 9,080 | | | 378,999 |
Encompass Health Corp. | | | 4,670 | | | 464,478 |
Enovis Corp.(a)(b) | | | 4,930 | | | 203,461 |
Envista Holdings Corp.(a) | | | 18,520 | | | 388,365 |
Illumina, Inc.(a) | | | 13,670 | | | 1,970,394 |
Jazz Pharmaceuticals PLC(a) | | | 4,720 | | | 519,342 |
LivaNova PLC(a) | | | 3,820 | | | 197,188 |
Masimo Corp.(a) | | | 3,060 | | | 440,671 |
Neogen Corp.(a)(b) | | | 15,329 | | | 218,898 |
Option Care Health, Inc.(a) | | | 12,110 | | | 279,015 |
Penumbra, Inc.(a) | | | 3,660 | | | 837,664 |
Perrigo Co. PLC(b) | | | 10,500 | | | 269,115 |
R1 RCM, Inc.(a) | | | 11,480 | | | 163,705 |
Sotera Health Co.(a) | | | 10,484 | | | 164,284 |
| | | | | | 7,655,276 |
Industrials - 16.0%
| | | | | | |
AECOM | | | 3,924 | | | 419,083 |
AGCO Corp.(b) | | | 5,700 | | | 569,088 |
Avis Budget Group, Inc. | | | 1,540 | | | 127,820 |
CACI International, Inc. - Class A(a) | | | 934 | | | 516,091 |
Concentrix Corp.(b) | | | 3,221 | | | 136,925 |
Curtiss-Wright Corp. | | | 1,629 | | | 561,940 |
Donaldson Co., Inc. | | | 6,030 | | | 441,155 |
Flowserve Corp. | | | 7,765 | | | 408,750 |
GATX Corp. | | | 2,524 | | | 347,706 |
Genpact Ltd. | | | 10,267 | | | 391,891 |
Graco, Inc. | | | 4,877 | | | 397,232 |
GXO Logistics, Inc.(a)(b) | | | 9,120 | | | 545,467 |
Insperity, Inc. | | | 2,400 | | | 189,048 |
KBR, Inc. | | | 5,428 | | | 363,730 |
Knight-Swift Transportation Holdings, Inc. | | | 11,030 | | | 574,443 |
Landstar System, Inc. | | | 1,982 | | | 348,376 |
ManpowerGroup, Inc. | | | 4,774 | | | 300,046 |
MasTec, Inc.(a) | | | 3,760 | | | 462,066 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Lunt MidCap Multi-Factor Alternator ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Industrials - (Continued)
|
Maximus, Inc. | | | 3,964 | | | $342,648 |
Middleby Corp.(a) | | | 3,770 | | | 488,969 |
MSA Safety, Inc. | | | 2,055 | | | 341,027 |
MSC Industrial Direct Co., Inc. -
Class A | | | 3,120 | | | 246,699 |
Paylocity Holding Corp.(a) | | | 3,820 | | | 705,057 |
Sensata Technologies Holding PLC | | | 9,760 | | | 335,158 |
Silgan Holdings, Inc.(b) | | | 7,119 | | | 368,337 |
| | | | | | 9,928,752 |
Information Technology - 11.1%
| | | | | | |
Allegro MicroSystems, Inc.(a)(b) | | | 15,300 | | | 318,852 |
Arrow Electronics, Inc.(a) | | | 4,050 | | | 480,613 |
Avnet, Inc. | | | 6,735 | | | 365,104 |
Cognex Corp. | | | 11,400 | | | 458,622 |
Dolby Laboratories, Inc. - Class A | | | 8,825 | | | 643,343 |
Dropbox, Inc. - Class A(a) | | | 16,247 | | | 419,985 |
Dynatrace, Inc.(a)(b) | | | 23,940 | | | 1,287,972 |
IPG Photonics Corp.(a) | | | 2,590 | | | 209,686 |
Lattice Semiconductor Corp.(a) | | | 11,950 | | | 605,387 |
Littelfuse, Inc. | | | 1,750 | | | 428,103 |
Power Integrations, Inc. | | | 4,570 | | | 276,165 |
Rambus, Inc.(a) | | | 7,310 | | | 349,564 |
Silicon Laboratories, Inc.(a)(b) | | | 2,360 | | | 245,110 |
TD SYNNEX Corp. | | | 3,166 | | | 365,198 |
Teradata Corp.(a) | | | 9,130 | | | 294,260 |
Vishay Intertechnology, Inc.(b) | | | 8,230 | | | 139,581 |
| | | | | | 6,887,545 |
Materials - 7.1%
| | | | | | |
Alcoa Corp.(b) | | | 16,050 | | | 643,444 |
AptarGroup, Inc. | | | 3,394 | | | 569,886 |
Arcadium Lithium PLC(a)(b) | | | 103,753 | | | 559,229 |
Chemours Co. | | | 11,555 | | | 209,839 |
Cleveland-Cliffs, Inc.(a)(b) | | | 32,090 | | | 416,528 |
Greif, Inc. - Class A | | | 7,634 | | | 476,667 |
NewMarket Corp. | | | 633 | | | 332,306 |
Olin Corp. | | | 9,230 | | | 378,707 |
RPM International, Inc.(b) | | | 3,196 | | | 406,244 |
Sonoco Products Co. | | | 7,971 | | | 418,637 |
| | | | | | 4,411,487 |
Utilities - 8.8%
| | | | | | |
Allete, Inc. | | | 5,894 | | | 376,686 |
Black Hills Corp.(b) | | | 5,934 | | | 351,233 |
Essential Utilities, Inc. | | | 8,440 | | | 325,784 |
Idacorp, Inc.(b) | | | 4,141 | | | 428,511 |
National Fuel Gas Co. | | | 6,314 | | | 382,186 |
New Jersey Resources Corp. | | | 8,925 | | | 409,568 |
Northwestern Energy Group, Inc. | | | 7,331 | | | 391,915 |
OGE Energy Corp. | | | 10,583 | | | 423,214 |
| | | | | | | |
| | | | | | | |
ONE Gas, Inc. | | | 8,988 | | | $640,575 |
Ormat Technologies, Inc. | | | 3,280 | | | 259,186 |
PNM Resources, Inc. | | | 15,909 | | | 692,678 |
Portland General Electric Co. | | | 7,892 | | | 374,081 |
Spire, Inc. | | | 6,071 | | | 387,694 |
| | | | | | 5,443,311 |
TOTAL COMMON STOCKS
(Cost $53,486,024) | | | | | | 54,971,609 |
REAL ESTATE INVESTMENT TRUSTS - 11.1%
| | | | | | |
Agree Realty Corp.(b) | | | 5,625 | | | 417,656 |
American Homes 4 Rent - Class A - Class A | | | 10,452 | | | 368,329 |
Brixmor Property Group, Inc. | | | 13,496 | | | 363,717 |
Corporate Office Properties Trust | | | 11,837 | | | 381,152 |
EastGroup Properties, Inc. | | | 2,096 | | | 359,003 |
EPR Properties | | | 8,817 | | | 400,027 |
Equity LifeStyle Properties, Inc.(b) | | | 5,511 | | | 386,431 |
First Industrial Realty Trust, Inc. | | | 6,704 | | | 351,893 |
Gaming and Leisure Properties, Inc. | | | 8,337 | | | 418,434 |
NNN REIT, Inc.(b) | | | 8,618 | | | 374,366 |
Omega Healthcare Investors, Inc.(b) | | | 10,041 | | | 426,441 |
PotlatchDeltic Corp. | | | 5,490 | | | 228,219 |
Rayonier, Inc. | | | 8,390 | | | 262,020 |
Rexford Industrial Realty, Inc. | | | 14,290 | | | 612,898 |
Sabra Health Care REIT, Inc.(b) | | | 20,457 | | | 396,866 |
STAG Industrial, Inc.(b) | | | 9,507 | | | 354,421 |
WP Carey, Inc.(b) | | | 14,600 | | | 813,512 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $6,794,993) | | | | | | 6,915,385 |
| | | Units | | | |
INVESTMENTS PURCHASED WITH
PROCEEDS FROM SECURITIES
LENDING - 19.1%
|
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(c) | | | 11,855,806 | | | 11,855,806 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $11,855,806) | | | | | | 11,855,806 |
TOTAL INVESTMENTS - 118.9%
(Cost $72,136,823) | | | | | | $73,742,800 |
Liabilities in Excess of Other
Assets - (18.9)% | | | | | | (11,762,176) |
TOTAL NET ASSETS - 100.0% | | | | | | $61,980,624 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Lunt MidCap Multi-Factor Alternator ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
PLC - Public Limited Company
(a)
| Non-income producing security. |
(b)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $11,454,140 which represented 18.5% of net assets. |
(c)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer MSCI World Industry Advantage ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 96.4%
| | | | | | |
Communication Services - 14.2%
| | | | | | |
Alphabet, Inc. - Class A | | | 156 | | | $26,693 |
Alphabet, Inc. - Class C | | | 134 | | | 23,140 |
Charter Communications, Inc. - Class A(a) | | | 2 | | | 655 |
Comcast Corp. - Class A | | | 104 | | | 4,542 |
Electronic Arts, Inc. | | | 6 | | | 905 |
Fox Corp. - Class A | | | 6 | | | 252 |
FOX Corp. - Class B | | | 4 | | | 156 |
Interpublic Group of Cos., Inc. | | | 10 | | | 294 |
KDDI Corp. | | | 40 | | | 1,258 |
Liberty Media Corp.-Liberty Formula One - Class C(a) | | | 6 | | | 479 |
Live Nation Entertainment, Inc.(a) | | | 4 | | | 469 |
Match Group, Inc.(a) | | | 6 | | | 216 |
Meta Platforms, Inc. - Class A | | | 58 | | | 32,919 |
Netflix, Inc.(a) | | | 12 | | | 9,072 |
News Corp. - Class A | | | 10 | | | 273 |
Nippon Telegraph & Telephone Corp. | | | 792 | | | 770 |
Omnicom Group, Inc. | | | 6 | | | 606 |
Paramount Global - Class B | | | 16 | | | 175 |
Pinterest, Inc. - Class A(a) | | | 16 | | | 509 |
ROBLOX Corp. - Class A(a) | | | 12 | | | 621 |
Roku, Inc.(a) | | | 4 | | | 256 |
Snap, Inc. - Class A(a) | | | 28 | | | 340 |
SoftBank Corp. | | | 760 | | | 964 |
SoftBank Group Corp. | | | 28 | | | 1,750 |
Take-Two Interactive Software, Inc.(a) | | | 4 | | | 647 |
Trade Desk, Inc. - Class A(a) | | | 12 | | | 1,443 |
Walt Disney Co. | | | 48 | | | 4,618 |
Warner Bros Discovery, Inc.(a) | | | 62 | | | 504 |
| | | | | | 114,526 |
Consumer Discretionary - 13.6%
| | | | | | |
Airbnb, Inc. - Class A(a) | | | 12 | | | 1,617 |
Aisin Corp. | | | 12 | | | 127 |
Amazon.com, Inc.(a) | | | 224 | | | 41,753 |
Bath & Body Works, Inc. | | | 6 | | | 170 |
Best Buy Co., Inc. | | | 6 | | | 543 |
Bridgestone Corp. | | | 16 | | | 578 |
Burlington Stores, Inc.(a) | | | 2 | | | 496 |
CarMax, Inc.(a) | | | 4 | | | 290 |
Carnival Corp.(a) | | | 26 | | | 572 |
Chipotle Mexican Grill, Inc.(a) | | | 36 | | | 2,008 |
Darden Restaurants, Inc. | | | 4 | | | 640 |
Denso Corp. | | | 50 | | | 730 |
Dick’s Sporting Goods, Inc. | | | 2 | | | 392 |
Domino’s Pizza, Inc. | | | 1 | | | 414 |
DoorDash, Inc. - Class A(a) | | | 8 | | | 1,254 |
DraftKings, Inc. - Class A(a) | | | 12 | | | 424 |
eBay, Inc. | | | 14 | | | 805 |
Expedia Group, Inc.(a) | | | 4 | | | 625 |
Genuine Parts Co. | | | 4 | | | 459 |
Hilton Worldwide Holdings, Inc. | | | 6 | | | 1,409 |
| | | | | | | |
| | | | | | | |
Home Depot, Inc. | | | 26 | | | $10,237 |
Honda Motor Co. Ltd. | | | 118 | | | 1,210 |
Hyatt Hotels Corp. - Class A - Class A | | | 2 | | | 291 |
Isuzu Motors Ltd. | | | 16 | | | 210 |
Kering | | | 2 | | | 498 |
Las Vegas Sands Corp. | | | 10 | | | 519 |
LKQ Corp. | | | 8 | | | 294 |
Lowe’s Cos., Inc. | | | 16 | | | 4,189 |
LVMH Moet Hennessy Louis Vuitton SE | | | 8 | | | 5,305 |
Marriott International, Inc. - Class A | | | 6 | | | 1,560 |
Mazda Motor Corp. | | | 16 | | | 117 |
McDonald’s Corp. | | | 20 | | | 5,842 |
MercadoLibre, Inc.(a) | | | 2 | | | 4,074 |
MGM Resorts International(a) | | | 6 | | | 221 |
Nissan Motor Co. Ltd. | | | 62 | | | 168 |
O’Reilly Automotive, Inc.(a) | | | 2 | | | 2,306 |
Pool Corp. | | | 1 | | | 362 |
Ross Stores, Inc. | | | 8 | | | 1,118 |
Royal Caribbean Cruises Ltd. | | | 6 | | | 1,238 |
Starbucks Corp. | | | 30 | | | 2,931 |
Subaru Corp. | | | 16 | | | 293 |
Sumitomo Electric Industries Ltd. | | | 18 | | | 282 |
Suzuki Motor Corp. | | | 42 | | | 426 |
TJX Cos., Inc. | | | 30 | | | 3,391 |
Toyota Motor Corp. | | | 272 | | | 4,802 |
Tractor Supply Co. | | | 2 | | | 531 |
Ulta Beauty, Inc.(a) | | | 2 | | | 738 |
Williams-Sonoma, Inc. | | | 4 | | | 537 |
Wynn Resorts Ltd. | | | 2 | | | 192 |
Yamaha Motor Co. Ltd. | | | 22 | | | 196 |
Yum! Brands, Inc. | | | 8 | | | 1,049 |
| | | | | | 110,433 |
Consumer Staples - 4.7%
| | | | | | |
Albertsons Cos., Inc. - Class A | | | 10 | | | 181 |
Costco Wholesale Corp. | | | 12 | | | 10,491 |
Dollar General Corp. | | | 6 | | | 480 |
Dollar Tree, Inc.(a) | | | 6 | | | 388 |
Haleon PLC | | | 194 | | | 932 |
Kroger Co. | | | 18 | | | 1,004 |
Nestle SA | | | 70 | | | 6,613 |
Reckitt Benckiser Group PLC | | | 18 | | | 1,087 |
Sysco Corp. | | | 14 | | | 1,049 |
Target Corp. | | | 12 | | | 1,800 |
Unilever PLC | | | 66 | | | 4,025 |
Walgreens Boots Alliance, Inc. | | | 20 | | | 189 |
Walmart, Inc. | | | 118 | | | 9,670 |
| | | | | | 37,909 |
Energy - 1.3%
| | | | | | |
ARC Resources Ltd. | | | 16 | | | 265 |
Cameco Corp. | | | 12 | | | 627 |
Canadian Natural Resources Ltd. | | | 56 | | | 1,905 |
Cenovus Energy, Inc. | | | 36 | | | 579 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer MSCI World Industry Advantage ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Energy - (Continued)
|
Enbridge, Inc. | | | 58 | | | $2,344 |
Imperial Oil Ltd. | | | 4 | | | 298 |
Keyera Corp. | | | 6 | | | 184 |
MEG Energy Corp. | | | 8 | | | 146 |
Parkland Corp.(a) | | | 4 | | | 93 |
Pembina Pipeline Corp. | | | 16 | | | 669 |
Suncor Energy, Inc. | | | 34 | | | 1,283 |
TC Energy Corp. | | | 28 | | | 1,302 |
Tourmaline Oil Corp. | | | 8 | | | 369 |
| | | | | | 10,064 |
Financials - 14.6%
| | | | | | |
Allianz SE | | | 10 | | | 3,147 |
Ally Financial, Inc. | | | 8 | | | 280 |
American Express Co. | | | 16 | | | 4,321 |
Ameriprise Financial, Inc. | | | 3 | | | 1,531 |
Apollo Global Management, Inc. | | | 10 | | | 1,433 |
Ares Management Corp. - Class A | | | 4 | | | 671 |
Bank of Montreal | | | 20 | | | 1,823 |
Bank of New York Mellon Corp. | | | 20 | | | 1,507 |
Bank of Nova Scotia | | | 32 | | | 1,648 |
Berkshire Hathaway, Inc. - Class B(a) | | | 36 | | | 16,234 |
Blackrock, Inc. | | | 4 | | | 3,924 |
Blackstone, Inc. | | | 18 | | | 3,020 |
Block, Inc.(a) | | | 14 | | | 1,012 |
Canadian Imperial Bank of Commerce | | | 24 | | | 1,502 |
Capital One Financial Corp. | | | 10 | | | 1,628 |
Carlyle Group, Inc. | | | 6 | | | 300 |
Cboe Global Markets, Inc. | | | 2 | | | 427 |
Charles Schwab Corp. | | | 40 | | | 2,833 |
CME Group, Inc. | | | 10 | | | 2,254 |
Coinbase Global, Inc. - Class A(a) | | | 6 | | | 1,076 |
Corebridge Financial, Inc. | | | 8 | | | 254 |
Corpay, Inc.(a) | | | 2 | | | 659 |
Discover Financial Services | | | 6 | | | 891 |
Equitable Holdings, Inc. | | | 8 | | | 363 |
FactSet Research Systems, Inc. | | | 1 | | | 454 |
Fidelity National Information Services, Inc. | | | 14 | | | 1,256 |
Fiserv, Inc.(a) | | | 16 | | | 3,166 |
Franklin Resources, Inc. | | | 8 | | | 166 |
Global Payments, Inc. | | | 6 | | | 622 |
Goldman Sachs Group, Inc. | | | 8 | | | 4,142 |
Intercontinental Exchange, Inc. | | | 16 | | | 2,494 |
Jack Henry & Associates, Inc. | | | 2 | | | 364 |
KKR & Co., Inc. | | | 16 | | | 2,212 |
LPL Financial Holdings, Inc. | | | 2 | | | 564 |
MarketAxess Holdings, Inc. | | | 1 | | | 289 |
MasterCard, Inc. - Class A | | | 22 | | | 10,991 |
Moody’s Corp. | | | 4 | | | 1,816 |
Morgan Stanley | | | 32 | | | 3,720 |
MSCI, Inc. | | | 2 | | | 1,142 |
| | | | | | | |
| | | | | | | |
Muenchener Rueckversicherungs-Gesellschaft AG - Class R | | | 4 | | | $2,046 |
Nasdaq, Inc. | | | 12 | | | 887 |
National Bank of Canada | | | 8 | | | 763 |
Northern Trust Corp. | | | 6 | | | 603 |
PayPal Holdings, Inc.(a) | | | 26 | | | 2,062 |
Raymond James Financial, Inc. | | | 6 | | | 889 |
Robinhood Markets, Inc. - Class A(a) | | | 14 | | | 329 |
Royal Bank of Canada | | | 38 | | | 4,595 |
S&P Global, Inc. | | | 8 | | | 3,843 |
SEI Investments Co. | | | 2 | | | 150 |
State Street Corp. | | | 8 | | | 742 |
Synchrony Financial | | | 10 | | | 551 |
T Rowe Price Group, Inc. | | | 6 | | | 659 |
Talanx AG | | | 2 | | | 154 |
Toast, Inc. - Class A(a) | | | 10 | | | 300 |
Toronto-Dominion Bank | | | 46 | | | 2,543 |
Tradeweb Markets, Inc. - Class A | | | 4 | | | 508 |
Visa, Inc. - Class A | | | 42 | | | 12,175 |
| | | | | | 119,935 |
Health Care - 8.8%
| | | | | | |
Abbott Laboratories | | | 46 | | | 5,215 |
Align Technology, Inc.(a) | | | 2 | | | 410 |
Baxter International, Inc. | | | 14 | | | 500 |
Becton Dickinson & Co. | | | 8 | | | 1,869 |
Boston Scientific Corp.(a) | | | 38 | | | 3,193 |
Cardinal Health, Inc. | | | 6 | | | 651 |
Cencora, Inc. | | | 4 | | | 912 |
Centene Corp.(a) | | | 14 | | | 872 |
Cigna Corp. | | | 8 | | | 2,518 |
Cooper Cos., Inc.(a) | | | 6 | | | 628 |
CVS Health Corp. | | | 34 | | | 1,920 |
DaVita, Inc.(a) | | | 2 | | | 280 |
DexCom, Inc.(a) | | | 10 | | | 705 |
Edwards Lifesciences Corp.(a) | | | 16 | | | 1,072 |
Elevance Health, Inc. | | | 6 | | | 2,435 |
GE HealthCare Technologies, Inc. | | | 12 | | | 1,048 |
Genmab AS(a) | | | 2 | | | 448 |
HCA Healthcare, Inc. | | | 6 | | | 2,152 |
Henry Schein, Inc.(a) | | | 4 | | | 281 |
Hologic, Inc.(a) | | | 6 | | | 485 |
Humana, Inc. | | | 4 | | | 1,031 |
IDEXX Laboratories, Inc.(a) | | | 2 | | | 814 |
Insulet Corp.(a) | | | 2 | | | 463 |
Intuitive Surgical, Inc.(a) | | | 9 | | | 4,535 |
Labcorp Holdings, Inc. | | | 2 | | | 457 |
McKesson Corp. | | | 4 | | | 2,002 |
Medtronic PLC | | | 34 | | | 3,034 |
Molina Healthcare, Inc.(a) | | | 2 | | | 642 |
Novo Nordisk AS | | | 86 | | | 9,569 |
Quest Diagnostics, Inc. | | | 2 | | | 310 |
ResMed, Inc. | | | 4 | | | 970 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer MSCI World Industry Advantage ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Health Care - (Continued)
|
Solventum Corp.(a) | | | 4 | | | $290 |
STERIS PLC | | | 2 | | | 444 |
Stryker Corp. | | | 9 | | | 3,207 |
Teleflex, Inc. | | | 2 | | | 402 |
UnitedHealth Group, Inc. | | | 24 | | | 13,547 |
Universal Health Services, Inc. - Class B | | | 2 | | | 409 |
Veeva Systems, Inc. - Class A(a) | | | 4 | | | 835 |
Zealand Pharma AS(a) | | | 2 | | | 231 |
Zimmer Biomet Holdings, Inc. | | | 6 | | | 642 |
| | | | | | 71,428 |
Industrials - 2.9%
| | | | | | |
AGC, Inc. | | | 6 | | | 186 |
Air Canada(a) | | | 4 | | | 54 |
Canadian National Railway Co. | | | 14 | | | 1,512 |
Canadian Pacific Kansas City Ltd. | | | 24 | | | 1,851 |
Daifuku Co. Ltd. | | | 8 | | | 154 |
Daikin Industries Ltd. | | | 6 | | | 736 |
Experian PLC | | | 24 | | | 1,169 |
FANUC Corp. | | | 26 | | | 705 |
Fuji Electric Co. Ltd. | | | 4 | | | 209 |
Hitachi Construction Machinery Co. Ltd. | | | 2 | | | 44 |
Hitachi Ltd. | | | 122 | | | 3,151 |
Hoshizaki Corp. | | | 2 | | | 67 |
Intertek Group PLC | | | 4 | | | 240 |
ITOCHU Corp. | | | 32 | | | 1,612 |
KAJIMA Corp. | | | 10 | | | 175 |
Komatsu Ltd. | | | 24 | | | 634 |
Kubota Corp. | | | 26 | | | 337 |
Makita Corp. | | | 6 | | | 200 |
Marubeni Corp. | | | 38 | | | 581 |
MINEBEA MITSUMI, Inc. | | | 10 | | | 181 |
Mitsubishi Corp. | | | 88 | | | 1,642 |
Mitsubishi Electric Corp. | | | 50 | | | 786 |
Mitsubishi Heavy Industries Ltd. | | | 84 | | | 1,212 |
Mitsui & Co. Ltd. | | | 68 | | | 1,415 |
MonotaRO Co. Ltd. | | | 6 | | | 92 |
NIDEC CORP | | | 24 | | | 486 |
Obayashi Corp. | | | 18 | | | 224 |
RELX PLC | | | 50 | | | 2,295 |
Rentokil Initial PLC | | | 66 | | | 330 |
SMC Corp. | | | 2 | | | 871 |
Sumitomo Corp. | | | 28 | | | 598 |
Taisei Corp. | | | 4 | | | 170 |
TFI International, Inc. | | | 2 | | | 268 |
TOTO Ltd. | | | 4 | | | 113 |
Toyota Industries Corp. | | | 4 | | | 284 |
Toyota Tsusho Corp. | | | 16 | | | 278 |
Yaskawa Electric Corp. | | | 6 | | | 176 |
| | | | | | 25,038 |
| | | | | | | |
| | | | | | | |
Information Technology - 34.8%(b)
| | | | | | |
Accenture PLC - Class A | | | 16 | | | $5,518 |
Adobe, Inc.(a) | | | 12 | | | 5,737 |
Advanced Micro Devices, Inc.(a) | | | 42 | | | 6,051 |
Akamai Technologies, Inc.(a) | | | 4 | | | 404 |
Amphenol Corp. - Class A - Class A | | | 32 | | | 2,145 |
Analog Devices, Inc. | | | 14 | | | 3,124 |
ANSYS, Inc.(a) | | | 2 | | | 641 |
Apple, Inc. | | | 176 | | | 39,759 |
Applied Materials, Inc. | | | 22 | | | 3,995 |
AppLovin Corp. - Class A(a) | | | 6 | | | 1,016 |
Arista Networks, Inc.(a) | | | 7 | | | 2,705 |
Aspen Technology, Inc.(a) | | | 1 | | | 235 |
Atlassian Corp. - Class A(a) | | | 4 | | | 754 |
Autodesk, Inc.(a) | | | 6 | | | 1,703 |
Bentley Systems, Inc. - Class B | | | 4 | | | 193 |
Broadcom, Inc. | | | 118 | | | 20,033 |
Cadence Design System, Inc.(a) | | | 8 | | | 2,209 |
CDW Corp. | | | 4 | | | 753 |
Cisco Systems, Inc. | | | 106 | | | 5,806 |
Cloudflare, Inc. - Class A(a) | | | 8 | | | 702 |
Cognizant Technology Solutions Corp. - Class A | | | 14 | | | 1,044 |
Corning, Inc. | | | 22 | | | 1,047 |
Crowdstrike Holdings, Inc. - Class A(a) | | | 6 | | | 1,781 |
Datadog, Inc. - Class A(a) | | | 8 | | | 1,004 |
Dell Technologies, Inc. - Class C | | | 8 | | | 989 |
DocuSign, Inc.(a) | | | 6 | | | 416 |
Dynatrace, Inc.(a) | | | 8 | | | 430 |
Enphase Energy, Inc.(a) | | | 4 | | | 332 |
Entegris, Inc. | | | 4 | | | 419 |
EPAM Systems, Inc.(a) | | | 2 | | | 377 |
F5, Inc.(a) | | | 2 | | | 468 |
First Solar, Inc.(a) | | | 2 | | | 389 |
Fortinet, Inc.(a) | | | 18 | | | 1,416 |
Gartner, Inc.(a) | | | 2 | | | 1,005 |
Gen Digital, Inc. | | | 14 | | | 408 |
GoDaddy, Inc. - Class A(a) | | | 4 | | | 667 |
Hewlett Packard Enterprise Co. | | | 34 | | | 663 |
HP, Inc. | | | 26 | | | 924 |
HubSpot, Inc.(a) | | | 2 | | | 1,109 |
Intel Corp. | | | 112 | | | 2,410 |
International Business Machines Corp. | | | 24 | | | 4,961 |
Intuit, Inc. | | | 7 | | | 4,272 |
Jabil, Inc. | | | 2 | | | 246 |
Juniper Networks, Inc. | | | 8 | | | 311 |
Keysight Technologies, Inc.(a) | | | 4 | | | 596 |
KLA Corp. | | | 4 | | | 2,665 |
Lam Research Corp. | | | 40 | | | 2,974 |
Manhattan Associates, Inc.(a) | | | 2 | | | 527 |
Marvell Technology, Inc. | | | 22 | | | 1,762 |
Microchip Technology, Inc. | | | 14 | | | 1,027 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer MSCI World Industry Advantage ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Information Technology - (Continued)
|
Micron Technology, Inc. | | | 30 | | | $2,990 |
Microsoft Corp. | | | 94 | | | 38,197 |
MicroStrategy, Inc. - Class A(a) | | | 4 | | | 978 |
MongoDB, Inc.(a) | | | 2 | | | 541 |
Monolithic Power Systems, Inc. | | | 2 | | | 1,519 |
Motorola Solutions, Inc. | | | 4 | | | 1,797 |
NetApp, Inc. | | | 6 | | | 692 |
NVIDIA Corp. | | | 314 | | | 41,686 |
NXP Semiconductors NV | | | 7 | | | 1,642 |
Okta, Inc.(a) | | | 4 | | | 288 |
ON Semiconductor Corp.(a) | | | 12 | | | 846 |
Oracle Corp. | | | 44 | | | 7,385 |
Palantir Technologies, Inc. - Class A(a) | | | 54 | | | 2,244 |
Palo Alto Networks, Inc.(a) | | | 8 | | | 2,883 |
PTC, Inc.(a) | | | 4 | | | 741 |
Pure Storage, Inc. - Class A(a) | | | 8 | | | 400 |
Qorvo, Inc.(a) | | | 2 | | | 143 |
QUALCOMM, Inc. | | | 30 | | | 4,883 |
Roper Technologies, Inc. | | | 3 | | | 1,613 |
salesforce.com, Inc. | | | 26 | | | 7,576 |
Samsara, Inc. - Class A(a) | | | 6 | | | 287 |
Seagate Technology Holdings PLC | | | 6 | | | 602 |
ServiceNow, Inc.(a) | | | 6 | | | 5,598 |
Skyworks Solutions, Inc. | | | 4 | | | 350 |
Snowflake, Inc. - Class A(a) | | | 8 | | | 919 |
Super Micro Computer, Inc.(a) | | | 20 | | | 582 |
Synopsys, Inc.(a) | | | 4 | | | 2,054 |
TE Connectivity PLC | | | 8 | | | 1,179 |
Teledyne Technologies, Inc.(a) | | | 1 | | | 455 |
Teradyne, Inc. | | | 4 | | | 425 |
Texas Instruments, Inc. | | | 24 | | | 4,876 |
Trimble, Inc.(a) | | | 6 | | | 363 |
Twilio, Inc. - Class A(a) | | | 4 | | | 323 |
Tyler Technologies, Inc.(a) | | | 2 | | | 1,211 |
VeriSign, Inc.(a) | | | 2 | | | 354 |
Western Digital Corp.(a) | | | 8 | | | 522 |
Workday, Inc. - Class A(a) | | | 6 | | | 1,403 |
Zebra Technologies Corp. - Class A(a) | | | 2 | | | 764 |
Zoom Video Communications, Inc. -
Class A(a) | | | 6 | | | 448 |
Zscaler, Inc.(a) | | | 2 | | | 362 |
| | | | | | 282,243 |
Materials - 0.8%
| | | | | | |
BHP Group Ltd. | | | 134 | | | 3,760 |
BlueScope Steel Ltd. | | | 12 | | | 160 |
Fortescue Ltd. | | | 44 | | | 555 |
James Hardie Industries PLC(a) | | | 12 | | | 386 |
Mineral Resources Ltd. | | | 4 | | | 104 |
Northern Star Resources Ltd. | | | 30 | | | 350 |
Orica Ltd. | | | 12 | | | 137 |
Pilbara Minerals Ltd.(a) | | | 76 | | | 143 |
Rio Tinto Ltd. | | | 10 | | | 785 |
| | | | | | | |
| | | | | | | |
South32 Ltd. | | | 120 | | | $291 |
| | | | | | 6,671 |
Real Estate - 0.4%
| | | | | | |
Daito Trust Construction Co. Ltd. | | | 2 | | | 222 |
Daiwa House Industry Co. Ltd. | | | 14 | | | 421 |
Hannover Rueck SE | | | 2 | | | 525 |
Hulic Co. Ltd. | | | 10 | | | 94 |
Mitsubishi Estate Co. Ltd. | | | 30 | | | 452 |
Mitsui Fudosan Co. Ltd. | | | 70 | | | 611 |
Nomura Real Estate Holdings, Inc. | | | 2 | | | 50 |
Sumitomo Realty & Development Co. Ltd. | | | 8 | | | 242 |
| | | | | | 2,617 |
Utilities - 0.3%
| | | | | | |
Endesa SA | | | 8 | | | 172 |
Iberdrola SA | | | 162 | | | 2,405 |
Redeia Corp. SA | | | 10 | | | 185 |
| | | | | | 2,762 |
TOTAL COMMON STOCKS
(Cost $773,066) | | | | | | 783,626 |
REAL ESTATE INVESTMENT TRUSTS - 3.5%
|
Alexandria Real Estate Equities, Inc. | | | 4 | | | 446 |
American Homes 4 Rent - Class A | | | 8 | | | 282 |
American Tower Corp. | | | 12 | | | 2,562 |
Annaly Capital Management, Inc. | | | 14 | | | 266 |
AvalonBay Communities, Inc. | | | 4 | | | 886 |
BXP, Inc. | | | 4 | | | 322 |
Camden Property Trust | | | 2 | | | 232 |
Crown Castle, Inc. | | | 12 | | | 1,290 |
Digital Realty Trust, Inc. | | | 8 | | | 1,426 |
Equinix, Inc. | | | 2 | | | 1,816 |
Equity LifeStyle Properties, Inc. | | | 4 | | | 280 |
Equity Residential | | | 10 | | | 704 |
Essex Property Trust, Inc. | | | 2 | | | 568 |
Extra Space Storage, Inc. | | | 6 | | | 980 |
Gaming and Leisure Properties, Inc. | | | 8 | | | 402 |
Healthpeak Properties, Inc. | | | 18 | | | 404 |
Host Hotels & Resorts, Inc. | | | 18 | | | 310 |
Invitation Homes, Inc. | | | 16 | | | 503 |
Iron Mountain, Inc. | | | 8 | | | 990 |
Kimco Realty Corp. | | | 18 | | | 427 |
Mid-America Apartment Communities, Inc. | | | 4 | | | 605 |
Prologis, Inc. | | | 24 | | | 2,710 |
Public Storage | | | 4 | | | 1,316 |
Realty Income Corp. | | | 24 | | | 1,425 |
Regency Centers Corp. | | | 4 | | | 286 |
SBA Communications Corp. | | | 2 | | | 459 |
Simon Property Group, Inc. | | | 8 | | | 1,353 |
Sun Communities, Inc. | | | 4 | | | 531 |
UDR, Inc. | | | 8 | | | 338 |
Ventas, Inc. | | | 10 | | | 655 |
VICI Properties, Inc. | | | 28 | | | 889 |
Welltower, Inc. | | | 16 | | | 2,158 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer MSCI World Industry Advantage ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
REAL ESTATE INVESTMENT
TRUSTS - (Continued)
|
Weyerhaeuser Co. | | | 20 | | | $623 |
WP Carey, Inc. | | | 6 | | | 334 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $30,359) | | | | | | 28,778 |
TOTAL INVESTMENTS - 99.9%
(Cost $803,425) | | | | | | $812,404 |
Other Assets in Excess of
Liabilities - 0.1% | | | | | | 788 |
TOTAL NET ASSETS - 100.0% | | | | | | $813,192 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
AG - Aktiengesellschaft
AS - Aksjeselskap
NV - Naamloze Vennootschap
PLC - Public Limited Company
SA - Sociedad Anónima
SE - Societas Europeae
(a)
| Non-income producing security. |
(b)
| To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 99.9%
| | | | | | |
Communication Services - 16.2%
| | | | | | |
Alphabet, Inc. - Class A | | | 369 | | | $63,140 |
Electronic Arts, Inc. | | | 271 | | | 40,880 |
Facebook, Inc. - Class A | | | 123 | | | 69,812 |
Netflix, Inc.(a) | | | 71 | | | 53,678 |
Trade Desk, Inc. - Class A(a) | | | 916 | | | 110,113 |
| | | | | | 337,623 |
Consumer Discretionary - 7.5%
| | | | | | |
Airbnb, Inc. - Class A(a) | | | 180 | | | 24,262 |
Booking Holdings, Inc. | | | 10 | | | 46,763 |
DoorDash, Inc. - Class A(a) | | | 296 | | | 46,383 |
Lululemon Athletica, Inc.(a) | | | 40 | | | 11,916 |
MercadoLibre, Inc.(a) | | | 13 | | | 26,483 |
| | | | | | 155,807 |
Consumer Staples - 1.0%
| | | | | | |
Monster Beverage Corp.(a) | | | 401 | | | 21,125 |
Energy - 3.5%
| | | | | | |
Diamondback Energy, Inc. | | | 405 | | | 71,592 |
Health Care - 6.0%
| | | | | | |
Amgen, Inc. | | | 102 | | | 32,656 |
DexCom, Inc.(a) | | | 130 | | | 9,162 |
Gilead Sciences, Inc. | | | 306 | | | 27,179 |
IDEXX Laboratories, Inc.(a) | | | 43 | | | 17,498 |
Regeneron Pharmaceuticals, Inc.(a) | | | 45 | | | 37,719 |
| | | | | | 124,214 |
Industrials - 12.2%
| | | | | | |
Automatic Data Processing, Inc. | | | 136 | | | 39,337 |
Cintas Corp. | | | 360 | | | 74,091 |
Copart, Inc.(a) | | | 757 | | | 38,963 |
CSX Corp. | | | 717 | | | 24,120 |
Paychex, Inc. | | | 260 | | | 36,226 |
Verisk Analytics, Inc. | | | 144 | | | 39,559 |
| | | | | | 252,296 |
Information Technology - 53.5%(b)
| | | | | | |
Adobe, Inc.(a) | | | 35 | | | 16,733 |
Analog Devices, Inc. | | | 278 | | | 62,025 |
ANSYS, Inc.(a) | | | 74 | | | 23,710 |
Apple, Inc. | | | 265 | | | 59,866 |
Applied Materials, Inc. | | | 399 | | | 72,450 |
Atlassian Corp. - Class A(a) | | | 83 | | | 15,649 |
Autodesk, Inc.(a) | | | 103 | | | 29,231 |
Broadcom, Inc. | | | 585 | | | 99,316 |
Cadence Design System, Inc.(a) | | | 82 | | | 22,642 |
Cisco Systems, Inc. | | | 491 | | | 26,892 |
Crowdstrike Holdings, Inc. - Class A(a) | | | 65 | | | 19,297 |
Datadog, Inc. - Class A(a) | | | 192 | | | 24,084 |
Fortinet, Inc.(a) | | | 330 | | | 25,958 |
Intuit, Inc. | | | 47 | | | 28,684 |
KLA Corp. | | | 126 | | | 83,946 |
| | | | | | | |
| | | | | | | |
Lam Research Corp. | | | 575 | | | $42,751 |
Marvell Technology, Inc. | | | 422 | | | 33,806 |
Microchip Technology, Inc. | | | 417 | | | 30,595 |
Microsoft Corp. | | | 81 | | | 32,914 |
NVIDIA Corp. | | | 887 | | | 117,759 |
NXP Semiconductors NV | | | 276 | | | 64,722 |
Palo Alto Networks, Inc.(a) | | | 73 | | | 26,304 |
QUALCOMM, Inc. | | | 380 | | | 61,853 |
Roper Technologies, Inc. | | | 52 | | | 27,962 |
Synopsys, Inc.(a) | | | 64 | | | 32,871 |
Workday, Inc. - Class A(a) | | | 65 | | | 15,200 |
Zscaler, Inc.(a) | | | 79 | | | 14,282 |
| | | | | | 1,111,502 |
TOTAL COMMON STOCKS
(Cost $2,063,058) | | | | | | 2,074,159 |
TOTAL INVESTMENTS - 99.9%
(Cost $2,063,058) | | | | | | $2,074,159 |
Other Assets in Excess of
Liabilities - 0.1% | | | | | | 579 |
TOTAL NET ASSETS - 100.0% | | | | | | $2,074,738 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
NV - Naamloze Vennootschap
(a)
| Non-income producing security. |
(b)
| To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Nasdaq International Patent Leaders ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 99.3%
| | | | | | |
Cayman Islands - 1.2%
| | | | | | |
Xiaomi Corp. - Class B(a)(b) | | | 2,728 | | | $ 9,369 |
China - 9.2%
| | | | | | |
BYD Co. Ltd. - Class H | | | 148 | | | 5,357 |
PetroChina Co. Ltd. - Class H | | | 2,882 | | | 2,165 |
Ping An Insurance Group Co. of
China Ltd. - Class H | | | 998 | | | 6,181 |
Tencent Holdings Ltd. | | | 1,166 | | | 60,684 |
| | | | | | 74,387 |
Finland - 0.4%
| | | | | | |
Nokia OYJ | | | 766 | | | 3,604 |
France - 8.5%
| | | | | | |
Arkema SA | | | 10 | | | 874 |
Cie de Saint-Gobain | | | 68 | | | 6,138 |
L’Oreal SA | | | 67 | | | 25,088 |
Renault SA | | | 40 | | | 1,823 |
Safran SA | | | 56 | | | 12,658 |
Sanofi | | | 164 | | | 17,324 |
Thales SA | | | 28 | | | 4,512 |
| | | | | | 68,417 |
Germany - 10.1%
| | | | | | |
BASF SE | | | 118 | | | 5,731 |
Bayer AG | | | 132 | | | 3,560 |
Bayerische Motoren Werke AG | | | 77 | | | 6,057 |
Evonik Industries AG | | | 66 | | | 1,452 |
Infineon Technologies AG | | | 172 | | | 5,430 |
Merck KGaA | | | 18 | | | 2,976 |
SAP SE | | | 156 | | | 36,449 |
Siemens AG | | | 103 | | | 19,988 |
| | | | | | 81,643 |
Hong Kong - 0.3%
| | | | | | |
Lenovo Group Ltd. | | | 1,704 | | | 2,257 |
Japan - 29.0%(c)
| | | | | | |
AGC, Inc. | | | 30 | | | 928 |
Aisin Corp. | | | 120 | | | 1,266 |
Asahi Kasei Corp. | | | 196 | | | 1,367 |
Bridgestone Corp. | | | 96 | | | 3,467 |
Canon, Inc. | | | 178 | | | 5,862 |
Dai Nippon Printing Co. Ltd. | | | 76 | | | 1,336 |
Daikin Industries Ltd. | | | 39 | | | 4,787 |
Denso Corp. | | | 418 | | | 6,099 |
Disco Corp. | | | 15 | | | 4,390 |
ENEOS Holdings, Inc. | | | 418 | | | 2,136 |
FANUC Corp. | | | 136 | | | 3,685 |
Fuji Electric Co. Ltd. | | | 20 | | | 1,046 |
FUJIFILM Holdings Corp. | | | 168 | | | 4,068 |
Fujitsu Ltd. | | | 280 | | | 5,460 |
Hamamatsu Photonics KK | | | 48 | | | 644 |
| | | | | | | |
| | | | | | | |
Hitachi Ltd. | | | 602 | | | $15,547 |
Honda Motor Co. Ltd. | | | 696 | | | 7,135 |
JFE Holdings, Inc. | | | 90 | | | 1,096 |
Kao Corp. | | | 64 | | | 2,856 |
Komatsu Ltd. | | | 132 | | | 3,485 |
Kyocera Corp. | | | 208 | | | 2,153 |
Mitsubishi Chemical Holdings Corp. | | | 212 | | | 1,159 |
Mitsubishi Electric Corp. | | | 288 | | | 4,525 |
Mitsubishi Heavy Industries Ltd. | | | 456 | | | 6,582 |
Mitsui Chemicals, Inc. | | | 28 | | | 649 |
Murata Manufacturing Co. Ltd. | | | 272 | | | 4,846 |
NEC Corp. | | | 38 | | | 3,310 |
NIDEC CORP | | | 160 | | | 3,239 |
Nippon Steel Corp. | | | 130 | | | 2,626 |
Nippon Telegraph & Telephone Corp. | | | 11,796 | | | 11,467 |
Nissan Chemical Corp. | | | 20 | | | 685 |
Nissan Motor Co. Ltd. | | | 556 | | | 1,505 |
Nitto Denko Corp. | | | 100 | | | 1,684 |
Olympus Corp. | | | 166 | | | 2,961 |
Omron Corp. | | | 30 | | | 1,204 |
Panasonic Holdings Corp. | | | 334 | | | 2,721 |
Renesas Electronics Corp. | | | 252 | | | 3,500 |
Rohm Co. Ltd. | | | 58 | | | 655 |
SCREEN Holdings Co. Ltd. | | | 14 | | | 924 |
Seiko Epson Corp. | | | 54 | | | 998 |
Sekisui Chemical Co. Ltd. | | | 64 | | | 914 |
Shin-Etsu Chemical Co. Ltd. | | | 262 | | | 9,923 |
SoftBank Group Corp. | | | 192 | | | 12,002 |
Sony Group Corp. | | | 820 | | | 14,698 |
Sumitomo Electric Industries Ltd. | | | 110 | | | 1,725 |
Takeda Pharmaceutical Co. Ltd. | | | 212 | | | 5,949 |
TDK Corp. | | | 270 | | | 3,274 |
Terumo Corp. | | | 202 | | | 3,915 |
Tokyo Electron Ltd. | | | 61 | | | 9,396 |
Toppan Printing Co. Ltd. | | | 46 | | | 1,367 |
Toray Industries, Inc. | | | 230 | | | 1,266 |
Toyota Motor Corp. | | | 1,973 | | | 34,834 |
| | | | | | 233,316 |
Netherlands - 6.5%
| | | | | | |
Airbus Group SE | | | 102 | | | 15,551 |
ASML Holding NV | | | 50 | | | 33,786 |
Koninklijke Philips NV(a) | | | 128 | | | 3,358 |
| | | | | | 52,695 |
South Korea - 7.9%
| | | | | | |
Hyundai Motor Co. | | | 28 | | | 4,362 |
Kia Corp. | | | 54 | | | 3,596 |
LG Chem Ltd. | | | 10 | | | 2,272 |
LG Corp. | | | 22 | | | 1,207 |
LG Electronics, Inc. | | | 22 | | | 1,427 |
POSCO | | | 12 | | | 2,917 |
Samsung Electro-Mechanics Co. Ltd. | | | 10 | | | 858 |
Samsung Electronics Co. Ltd. | | | 748 | | | 32,088 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Nasdaq International Patent Leaders ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
South Korea - (Continued)
|
Samsung SDI Co. Ltd. | | | 10 | | | $2,370 |
SK Hynix, Inc. | | | 95 | | | 12,825 |
| | | | | | 63,922 |
Sweden - 0.4%
| | | | | | |
Telefonaktiebolaget LM Ericsson -
Class B | | | 424 | | | 3,541 |
Switzerland - 9.4%
| | | | | | |
ABB Ltd. | | | 244 | | | 13,534 |
Novartis AG | | | 277 | | | 30,088 |
Roche Holding AG | | | 90 | | | 27,921 |
STMicroelectronics NV | | | 122 | | | 3,321 |
Swatch Group AG | | | 4 | | | 818 |
| | | | | | 75,682 |
Taiwan - 15.2%
| | | | | | |
AU Optronics Corp. | | | 1,110 | | | 575 |
Hon Hai Precision Industry Co. Ltd. | | | 1,818 | | | 12,001 |
MediaTek, Inc. | | | 210 | | | 8,455 |
Taiwan Semiconductor Manufacturing
Co. Ltd. | | | 3,170 | | | 101,907 |
| | | | | | 122,938 |
United Kingdom - 1.2%
| | | | | | |
GSK PLC | | | 538 | | | 9,660 |
TOTAL COMMON STOCKS
(Cost $799,836) | | | | | | 801,431 |
PREFERRED STOCKS - 0.4%
| | | | | | |
Germany - 0.4%
| | | | | | |
Henkel AG & Co. KGaA 0.00% | | | 24 | | | 2,078 |
Porsche Automobil
Holding SE 0.00% | | | 22 | | | 912 |
TOTAL PREFERRED STOCKS
(Cost $3,124) | | | | | | 2,990 |
TOTAL INVESTMENTS - 99.7%
(Cost $802,960) | | | | | | $804,421 |
Other Assets in Excess of
Liabilities - 0.3% | | | | | | 2,531 |
TOTAL NET ASSETS - 100.0% | | | | | | $806,952 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
AG - Aktiengesellschaft
KGaA - Kommanditgesellschaft auf Aktien
NV - Naamloze Vennootschap
OYJ - Julkinen Asakeyhtio
PLC - Public Limited Company
SA - Sociedad Anónima
SE - Societas Europeae
(a)
| Non-income producing security.
|
(b)
| Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of October 31, 2024, the value of these securities total $9,369 or 1.2% of the Fund’s net assets.
|
(c)
| To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting the country or region. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Pacific Asset Floating Rate High Income ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
BANK LOANS - 55.4%
| | | | | | |
Communication Services - 1.0%
| | | | | | |
SBA Senior Finance II LLC, Senior Secured First Lien, 6.44% (1 mo. SOFR US + 1.75%), 01/27/2031 | | | $3,935,461 | | | $3,934,438 |
Consumer Discretionary - 12.8%
| | | | | | |
1011778 BC ULC, Senior Secured First Lien, 6.44% (1 mo. SOFR US + 1.75%), 09/23/2030 | | | 3,303,140 | | | 3,280,017 |
Allied Universal Holdco LLC, Senior Secured First Lien, 8.64% (1 mo. SOFR US + 3.75%), 05/15/2028 | | | 1,964,607 | | | 1,962,937 |
Aramark Services, Inc., Senior Secured First Lien, 6.66% (1 mo. SOFR US + 1.75%), 01/15/2027 | | | 4,000,000 | | | 4,003,140 |
Bombardier Recreational Products, Inc., Senior Secured First Lien, 7.05%
(1 mo. SOFR US + 2.00%), 05/24/2027 | | | 212,534 | | | 212,693 |
Carnival Corp., Senior Secured First Lien, 7.44% (1 mo. SOFR US + 2.75%), 10/18/2028 | | | 1,148,779 | | | 1,153,087 |
Chariot Buyer LLC, Senior Secured First Lien, 8.14% (1 mo. SOFR US + 3.25%), 11/03/2028 | | | 3,979,540 | | | 3,978,067 |
ClubCorp Holdings, Inc., Senior Secured First Lien
| | | | | | |
10.13% (3 mo. SOFR US + 5.00%), 09/18/2026 | | | 2,842,582 | | | 2,851,166 |
10.13% (3 mo. SOFR US + 5.00%), 09/18/2026 | | | 73,754 | | | 73,977 |
Golden State Foods LLC, 9.07%
(1 mo. Term SOFR + 4.25%), 10/07/2031 | | | 3,250,000 | | | 3,256,094 |
IRB Holding Corp., Senior Secured First Lien, 7.64% (1 mo. SOFR US + 2.75%), 12/15/2027 | | | 3,728,061 | | | 3,731,864 |
MajorDrive Holdings IV LLC, Senior Secured First Lien
| | | | | | |
8.98% (3 mo. SOFR US + 4.00%), 06/01/2028 | | | 3,473,175 | | | 3,487,120 |
10.40% (3 mo. SOFR US + 5.50%), 06/01/2029 | | | 994,898 | | | 1,001,947 |
MIC Glen LLC, Senior Secured First Lien, 8.41% (1 mo. SOFR US + 3.50%), 07/21/2028 | | | 2,965,251 | | | 2,972,901 |
SeaWorld Parks & Entertainment, Inc., Senior Secured First Lien, 7.19%
(1 mo. SOFR US + 2.50%), 08/25/2028 | | | 3,694,559 | | | 3,700,341 |
Six Flags Entertainment Corp., Senior Secured First Lien, 6.85% (1 mo. SOFR US + 2.00%), 05/01/2031 | | | 3,990,000 | | | 3,992,494 |
United Airlines, Inc., Senior Secured First Lien, 7.38% (3 mo. SOFR US + 2.75%), 02/24/2031 | | | 1,791,000 | | | 1,797,233 |
| | | | | | | |
| | | | | | | |
Wand NewCo 3, Inc., Senior Secured First Lien
| | | | | | |
7.85% (3 mo. SOFR US + 3.25%), 01/30/2031 | | | $1,467,890 | | | $1,469,725 |
7.94% (1 mo. SOFR US + 3.25%), 01/30/2031 | | | 2,522,110 | | | 2,525,263 |
Whatabrands LLC, Senior Secured First Lien, 7.44% (1 mo. SOFR US + 2.75%), 08/03/2028 | | | 3,964,899 | | | 3,968,963 |
| | | | | | 49,419,029 |
Consumer Staples - 1.2%
| | | | | | |
8th Avenue Food & Provisions, Inc., Senior Secured First Lien, 8.66%
(1 mo. SOFR US + 3.75%), 10/01/2025 | | | 2,992,063 | | | 2,947,183 |
Naked Juice LLC, Senior Secured First Lien
| | | | | | |
8.05% (3 mo. SOFR US + 3.25%), 01/24/2029 | | | 1,984,784 | | | 1,499,127 |
8.05% (3 mo. SOFR US + 3.25%), 01/24/2029 | | | 5,089 | | | 3,844 |
| | | | | | 4,450,154 |
Energy - 1.6%
| | | | | | |
CQP Holdco LP, Senior Secured First Lien, 6.85% (3 mo. SOFR US + 2.25%), 12/31/2030 | | | 3,153,798 | | | 3,156,195 |
Traverse Midstream Partners LLC, Senior Secured First Lien, 8.19%
(3 mo. SOFR US + 3.50%), 02/16/2028 | | | 3,147,518 | | | 3,163,255 |
| | | | | | 6,319,450 |
Financials - 5.4%
| | | | | | |
Acrisure LLC, Senior Secured First Lien
| | | | | | |
7.76% (3 mo. SOFR US + 3.00%), 02/16/2027 | | | 2,731,431 | | | 2,730,994 |
8.01% (3 mo. SOFR US + 3.25%), 11/06/2030 | | | 2,244,375 | | | 2,243,679 |
AssuredPartners, Inc., Senior Secured First Lien, 8.19% (1 mo. SOFR US + 3.50%), 02/14/2031 | | | 1,990,000 | | | 1,995,115 |
Avolon TLB Borrower 1 US LLC, Senior Secured First Lien,
6.51% (1 mo. SOFR US + 1.75%), 06/22/2028 | | | 4,144,070 | | | 4,145,002 |
Boost Newco Borrower LLC, Senior Secured First Lien, 7.10% (3 mo. SOFR US + 2.50%), 01/31/2031 | | | 4,000,000 | | | 4,016,260 |
Deerfield Dakota Holding LLC, Senior Secured First Lien, 8.35% (3 mo. SOFR US + 3.75%), 04/09/2027 | | | 3,951,700 | | | 3,903,213 |
HUB International Ltd., Senior Secured First Lien, 8.01% (3 mo. SOFR US + 2.75%), 06/20/2030 | | | 1,987,525 | | | 1,993,587 |
| | | | | | 21,027,850 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Pacific Asset Floating Rate High Income ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
BANK LOANS - (Coninued)
| | | | | | |
Health Care - 2.7%
| | | | | | |
Bausch + Lomb Corp. First Lien, 8.27% (1 mo. Term SOFR + 3.25%), 05/10/2027 | | | $1,000,000 | | | $1,000,625 |
Bausch + Lomb Corp., Senior Secured First Lien, 8.69% (1 mo. SOFR US + 4.00%), 09/29/2028 | | | 2,479,975 | | | 2,489,275 |
ICON Luxembourg Sarl, Senior Secured First Lien
| | | | | | |
6.60% (1 mo. SOFR US + 2.00%), 07/03/2028 | | | 567,746 | | | 570,366 |
6.60% (1 mo. SOFR US + 2.00%), 07/03/2028 | | | 141,454 | | | 142,107 |
Medline Borrower LP, Senior Secured First Lien, 7.55% (1 mo. SOFR US + 2.75%), 10/23/2028 | | | 3,784,355 | | | 3,792,132 |
Phoenix Newco, Inc., Senior Secured First Lien, 7.69% (1 mo. SOFR US + 3.00%), 11/15/2028 | | | 2,386,399 | | | 2,387,854 |
| | | | | | 10,382,359 |
Industrials - 17.0%
| | | | | | |
Apple Bidco LLC, Senior Secured First Lien, 8.19% (1 mo. SOFR US + 3.50%), 09/25/2028 | | | 3,979,900 | | | 3,994,128 |
Chart Industries, Inc., Senior Secured First Lien, 7.09% (3 mo. SOFR US + 2.50%), 03/18/2030 | | | 4,263,587 | | | 4,276,932 |
Clark Equipment (Doosan Bobcat/Doosan Infracore) T/L B (6/24)- Target, Senior Secured First Lien, 6.60% (3 mo. SOFR US + 2.00%), 04/20/2029 | | | 3,482,575 | | | 3,483,672 |
Core & Main LP, Senior Secured First Lien, 6.97% (3 mo. SOFR US + 2.25%), 02/10/2031 | | | 3,472,494 | | | 3,479,717 |
CoreLogic, Inc., Senior Secured First Lien, 8.41% (1 mo. SOFR US + 3.50%), 06/02/2028 | | | 3,974,463 | | | 3,961,685 |
Crosby US Acquisition Corp., Senior Secured First Lien, 8.19% (1 mo. SOFR US + 3.50%), 08/16/2029 | | | 3,485,000 | | | 3,504,986 |
Dun & Bradstreet Corp., Senior Secured First Lien, 7.47% (1 mo. SOFR US + 2.75%), 01/18/2029 | | | 2,484,631 | | | 2,491,513 |
Emrld Borrower LP, Senior Secured First Lien, 7.56% (1 mo. SOFR US + 2.50%), 05/31/2030 | | | 3,316,278 | | | 3,316,278 |
Engineered Machinery Holdings, Inc., Senior Secured First Lien, 8.88%
(3 mo. SOFR US + 3.75%), 05/22/2028 | | | 1,984,694 | | | 1,993,655 |
Engineered Machinery Holdings, Inc., Senior Secured Second Lien, 11.13% (3 mo. SOFR US + 6.00%), 05/21/2029 | | | 600,000 | | | 601,650 |
| | | | | | | |
| | | | | | | |
Filtration Group Corp., Senior Secured First Lien, 8.41% (1 mo. SOFR US + 3.50%), 10/23/2028 | | | $3,982,045 | | | $3,993,752 |
GFL Environmental, Inc., Senior Secured First Lien, 6.61%
(3 mo. SOFR US + 2.00%), 06/27/2031 | | | 4,000,000 | | | 3,998,760 |
Madison IAQ LLC, Senior Secured First Lien, 8.00% (6 mo. SOFR US + 2.75%), 06/21/2028 | | | 2,949,484 | | | 2,951,902 |
Roper Industrial Products Investment Co., Senior Secured First Lien, 7.85% (3 mo. SOFR US + 3.25%), 11/23/2029 | | | 3,971,309 | | | 3,976,571 |
SPX FLOW, Inc., Senior Secured First Lien, 8.19% (1 mo. SOFR US + 3.50%), 04/05/2029 | | | 3,272,617 | | | 3,283,548 |
Titan Acquisition Ltd./Canada, Senior Secured First Lien, 10.33% (1 mo. SOFR US + 5.00%), 02/15/2029 | | | 4,229,998 | | | 4,240,066 |
TK Elevator US Newco, Inc., Senior Secured First Lien
| | | | | | |
8.59% (6 mo. SOFR US + 3.50%), 04/30/2030 | | | 2,218,275 | | | 2,226,671 |
8.59% (6 mo. SOFR US + 3.50%), 04/30/2030 | | | 1,274,234 | | | 1,279,057 |
TransDigm, Inc., Senior Secured First Lien
| | | | | | |
7.35% (3 mo. SOFR US + 2.75%), 03/22/2030 | | | 1,613,366 | | | 1,618,440 |
7.10% (3 mo. SOFR US + 2.50%), 02/28/2031 | | | 2,992,500 | | | 2,998,694 |
Wec US Holdings Ltd., Senior Secured First Lien, 7.60% (1 mo. SOFR US + 2.75%), 01/27/2031 | | | 3,990,000 | | | 3,997,382 |
| | | | | | 65,669,059 |
Information Technology - 7.8%
| | | | | | |
Applied Systems, Inc., Senior Secured First Lien, 7.60% (3 mo. SOFR
US + 3.00%), 02/24/2031 | | | 3,491,250 | | | 3,503,260 |
AthenaHealth Group, Inc., Senior Secured First Lien, 7.94%
(1 mo. SOFR US + 3.25%), 02/15/2029 | | | 3,801,314 | | | 3,795,365 |
Central Parent LLC, Senior Secured First Lien, 7.85% (3 mo. SOFR US + 3.25%), 07/06/2029 | | | 3,997,487 | | | 3,973,183 |
Epicor Software Corp., Senior Secured First Lien, 8.10% (1 mo. SOFR US + 3.25%), 05/30/2031 | | | 4,074,879 | | | 4,091,647 |
Peraton Corp., Senior Secured First Lien, 8.64% (1 mo. SOFR US + 3.75%), 02/01/2028 | | | 3,958,405 | | | 3,841,929 |
Polaris Newco LLC, Senior Secured First Lien, 8.96% (1 mo. SOFR US + 4.00%), 06/05/2028 | | | 3,210,894 | | | 3,192,929 |
Tempo Acquisition LLC, Senior Secured First Lien, 6.94% (1 mo. SOFR US + 2.25%), 08/31/2028 | | | 3,558,174 | | | 3,563,458 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Pacific Asset Floating Rate High Income ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
BANK LOANS - (Coninued)
| | | | | | |
Information Technology - (Continued)
| |
UKG, Inc., Senior Secured First Lien, 7.62% (3 mo. SOFR US + 3.00%), 02/10/2031 | | | $3,974,886 | | | $3,983,889 |
| | | | | | 29,945,660 |
Materials - 5.1%
| | | | | | |
Asplundh Tree Expert LLC, Senior Secured First Lien, 6.44%
(1 mo. SOFR US + 1.75%), 05/23/2031 | | | 3,986,000 | | | 3,989,986 |
Graham Packaging Co., Inc., Senior Secured First Lien, 7.19%
(1 mo. SOFR US + 2.50%), 08/04/2027 | | | 3,698,517 | | | 3,702,364 |
Iris Holding, Inc., Senior Secured First Lien
| | | | | | |
9.44% (3 mo. SOFR US + 4.75%), 06/28/2028 | | | 761,421 | | | 728,943 |
9.54% (3 mo. SOFR US + 4.75%), 06/28/2028 | | | 730,964 | | | 699,785 |
Nouryon USA LLC, Senior Secured First Lien
| | | | | | |
8.63% (3 mo. SOFR US + 3.50%), 04/03/2028 | | | 957,816 | | | 964,401 |
8.63% (3 mo. SOFR US + 3.50%), 04/03/2028 | | | 248,626 | | | 250,335 |
Pregis TopCo LLC, Senior Secured First Lien, 8.69% (1 mo. SOFR US + 4.00%), 07/31/2026 | | | 1,969,362 | | | 1,978,185 |
Proampac PG Borrower LLC, Senior Secured First Lien
| | | | | | |
8.66% (3 mo. SOFR US + 4.00%), 09/15/2028 | | | 2,081,494 | | | 2,091,256 |
9.23% (1 mo. SOFR US + 4.00%), 09/15/2028 | | | 1,366,727 | | | 1,373,137 |
Quikrete Holdings, Inc., Senior Secured First Lien, 7.19% (1 mo. SOFR US + 2.50%), 04/14/2031 | | | 3,926,650 | | | 3,929,733 |
| | | | | | 19,708,125 |
Technology - 0.8%
| | | | | | |
BCPE Pequod Buyer, Inc., 8.42% (1 mo. Term SOFR + 3.50%), 09/19/2031 | | | 3,000,000 | | | 3,002,250 |
Epicor Software Corp., Senior Secured First Lien, 8.10% (1 mo. SOFR US + 3.25%), 05/30/2031 | | | 188,332 | | | 189,107 |
| | | | | | 3,191,357 |
TOTAL BANK LOANS
(Cost $213,969,666) | | | | | | 214,047,481 |
COLLATERALIZED LOAN OBLIGATIONS - 29.3%
|
Aimco CDO
| | | | | | |
Series 2015-AA, Class ER3, 11.00% (3 mo. Term SOFR + 6.35%), 10/17/2034(a) | | | 2,500,000 | | | 2,511,522 |
| | | | | | | |
| | | | | | | |
Series 2019-10A, Class ERR, 10.28% (3 mo. Term SOFR + 5.65%), 07/22/2037(a) | | | $825,000 | | | $834,496 |
Series 2020-11A, Class ER2, 10.00% (3 mo. Term SOFR + 5.35%), 07/17/2037(a) | | | 3,000,000 | | | 3,015,291 |
Series 2021-15A, Class E, 10.86%
(3 mo. Term SOFR + 6.21%), 10/17/2034(a) | | | 1,250,000 | | | 1,259,924 |
AIMCO CLO Series 2018-B, Series 2018-BA, Class ER, 10.95% (3 mo. Term SOFR + 6.30%), 04/16/2037(a) | | | 2,000,000 | | | 2,040,964 |
Beechwood Park CLO Ltd., Series 2019-1A, Class ER, 11.15% (3 mo. Term SOFR + 6.50%), 01/17/2035(a) | | | 1,000,000 | | | 1,008,551 |
Benefit Street Partners CLO Ltd., Series 2022-28A, Class E, 12.21%
(3 mo. Term SOFR + 7.59%), 10/20/2035(a) | | | 1,000,000 | | | 1,009,638 |
Blackstone, Inc., Series 2017-1A, Class A1R, 5.92% (3 mo. Term SOFR + 1.30%), 04/20/2034(a) | | | 3,000,000 | | | 3,002,721 |
CarVal CLO
| | | | | | |
Series 2019-2A, Class E, 11.32%
(3 mo. Term SOFR + 6.70%), 07/20/2032(a) | | | 1,000,000 | | | 1,006,638 |
Series 2023-1A, Class ER, 10.97%
(3 mo. Term SOFR + 6.35%), 07/20/2037(a) | | | 2,000,000 | | | 2,020,541 |
CIFC Funding Ltd.
| | | | | | |
Series 2019-6A, Class A1R, 6.10%
(3 mo. Term SOFR + 1.45%), 07/16/2037(a) | | | 2,000,000 | | | 2,006,078 |
Series 2019-FAL, Class E, 12.29%
(3 mo. Term SOFR + 7.67%), 01/20/2033(a) | | | 1,000,000 | | | 1,002,142 |
Clover CLO
| | | | | | |
Series 2018-1A, Class ERR, 11.02% (3 mo. Term SOFR + 6.40%), 04/20/2037(a) | | | 1,650,000 | | | 1,659,752 |
Series 2021-2A, Class E, 11.38%
(3 mo. Term SOFR + 6.76%), 07/20/2034(a) | | | 1,000,000 | | | 1,004,066 |
Series 2021-3A, Class E, 11.35%
(3 mo. Term SOFR + 6.72%), 01/25/2035(a) | | | 1,000,000 | | | 1,012,749 |
Dryden Senior Loan Fund, Series 2018-64A, Class A, 5.86% (3 mo. Term SOFR + 1.23%), 04/18/2031(a) | | | 2,577,177 | | | 2,578,928 |
Eaton Vance Management, Series 2020-1A, Class ERR, 10.91% (3 mo. Term SOFR + 6.25%), 10/15/2037(a) | | | 1,000,000 | | | 1,004,798 |
Elmwood CLO Ltd.
| | | | | | |
Series 2022-4A, Class ER, 10.35%
(3 mo. Term SOFR + 5.70%), 07/17/2037(a) | | | 1,275,000 | | | 1,291,280 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Pacific Asset Floating Rate High Income ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COLLATERALIZED LOAN OBLIGATIONS - (Continued)
|
Series 2022-8A, Class ER, 11.12%
(3 mo. Term SOFR + 6.50%), 10/20/2036(a) | | | $1,000,000 | | | $1,022,086 |
Series 2024-10A, Class E, 0.00%
(3 mo. Term SOFR + 5.35%), 10/17/2037(a) | | | 2,000,000 | | | 2,010,410 |
Flatiron CLO Ltd.
| | | | | | |
Series 2020-1A, Class ER, 11.58%
(3 mo. Term SOFR + 6.45%), 05/20/2036(a) | | | 1,500,000 | | | 1,530,469 |
Series 2021-1A, Class ER, 10.52%
(3 mo. Term SOFR + 5.90%), 10/19/2037(a) | | | 1,250,000 | | | 1,256,291 |
Galaxy CLO Ltd., Series 2024-34A, Class E, 0.00% (3 mo. Term SOFR + 5.90%), 10/20/2037(a) | | | 1,875,000 | | | 1,884,752 |
GoldenTree Loan Management US CLO, Series 2017-1A, Class FR2, 12.38% (3 mo. Term SOFR + 7.76%), 04/20/2034(a) | | | 1,000,000 | | | 990,869 |
Goldentree Loan Opportunities Ltd.
| | | | | | |
Series 2019-6A, Class ER, 11.32%
(3 mo. Term SOFR + 6.70%), 04/20/2035(a) | | | 1,000,000 | | | 1,004,437 |
Series 2023-17A, Class E, 11.12%
(3 mo. Term SOFR + 6.50%), 07/20/2036(a) | | | 1,000,000 | | | 1,023,284 |
Harbor Park CLO Ltd., Series 2018-1A, Class E, 10.48% (3 mo. Term
SOFR + 5.86%), 01/20/2031(a) | | | 1,000,000 | | | 1,007,740 |
Juniper Valley Park CLO Ltd., Series 2023-1A, Class ER, 10.12%
(3 mo. Term SOFR + 5.50%), 07/20/2036(a) | | | 1,550,000 | | | 1,565,093 |
Magnetite CLO Ltd.
| | | | | | |
Series 2016-17A, Class DR2, 8.12% (3 mo. Term SOFR + 3.50%), 04/20/2037(a) | | | 3,000,000 | | | 3,034,043 |
Series 2019-22A, Class ERR, 10.06% (3 mo. Term SOFR + 5.40%), 07/15/2036(a) | | | 1,900,000 | | | 1,908,321 |
Series 2020-28A, Class ER, 11.03% (3 mo. Term SOFR + 6.41%), 01/20/2035(a) | | | 1,750,000 | | | 1,761,485 |
Series 2021-29A, Class ER, 11.24% (3 mo. Term SOFR + 6.00%), 07/15/2037(a) | | | 1,000,000 | | | 1,008,737 |
Series 2021-30A, Class E, 11.09%
(3 mo. Term SOFR + 6.46%), 10/25/2034(a) | | | 1,500,000 | | | 1,500,075 |
Series 2021-30A, Class ER, 0.00%
(3 mo. Term SOFR + 5.35%), 10/25/2037(a) | | | 1,475,000 | | | 1,482,679 |
Series 2021-31A, Class E, 10.92%
(3 mo. Term SOFR + 6.26%), 07/15/2034(a) | | | 500,000 | | | 504,226 |
| | | | | | | |
| | | | | | | |
Series 2023-37A, Class D, 8.62%
(3 mo. Term SOFR + 4.00%), 10/20/2036(a) | | | $2,000,000 | | | $2,030,840 |
Series 2024-40A, Class E, 11.08%
(3 mo. Term SOFR + 5.75%), 07/15/2037(a) | | | 1,125,000 | | | 1,137,625 |
Morgan Stanley Eaton Vance CLO Ltd., Series 2021-1A, Class A, 6.05%
(3 mo. Term SOFR + 1.42%), 10/20/2034(a) | | | 2,000,000 | | | 2,000,790 |
Neuberger Berman CLO Ltd.
| | | | | | |
Series 2018-28A, Class ER, 11.93% (3 mo. Term SOFR + 6.95%), 10/20/2038(a) | | | 1,000,000 | | | 1,037,628 |
Series 2019-35A, Class E, 11.88%
(3 mo. Term SOFR + 7.26%), 01/19/2033(a) | | | 1,000,000 | | | 1,022,799 |
Series 2021-41A, Class E, 11.42%
(3 mo. Term SOFR + 6.76%), 04/15/2034(a) | | | 1,000,000 | | | 1,011,037 |
Series 2021-45A, Class E, 11.17%
(3 mo. Term SOFR + 6.51%), 10/14/2035(a) | | | 1,000,000 | | | 1,000,579 |
Series 2022-48A, Class E, 11.13%
(3 mo. Term SOFR + 6.50%), 04/25/2036(a) | | | 1,500,000 | | | 1,507,603 |
Series 2022-49A, Class ER, 10.13% (3 mo. Term SOFR + 5.50%), 07/25/2035(a) | | | 2,875,000 | | | 2,889,269 |
Series 2022-50A, Class ER, 10.13% (3 mo. Term SOFR + 5.50%), 07/23/2036(a) | | | 3,000,000 | | | 3,033,638 |
Niagara Park CLO, Series 2019-1A, Class AR, 5.91% (3 mo. Term
SOFR + 1.26%), 07/17/2032(a) | | | 2,000,000 | | | 2,001,172 |
OCP CLO Ltd.
| | | | | | |
Series 2018-15A, Class D, 10.73%
(3 mo. Term SOFR + 6.11%), 07/20/2031(a) | | | 1,000,000 | | | 1,004,676 |
Series 2020-19A, Class ER, 11.38% (3 mo. Term SOFR + 6.76%), 10/20/2034(a) | | | 250,000 | | | 251,028 |
Series 2021-21A, Class E, 11.16%
(3 mo. Term SOFR + 6.54%), 07/20/2034(a) | | | 1,000,000 | | | 1,005,016 |
Octagon Investment Partners Ltd., Series 2021-1A, Class A1, 6.04%
(3 mo. Term SOFR + 1.38%), 07/15/2034(a) | | | 1,000,000 | | | 1,000,621 |
OHA Credit Funding
| | | | | | |
Series 2018-1A, Class ER, 11.12%
(3 mo. Term SOFR + 6.50%), 04/20/2037(a) | | | 1,000,000 | | | 1,028,848 |
Series 2019-2A, Class ER, 11.24%
(3 mo. Term SOFR + 6.62%), 04/21/2034(a) | | | 810,000 | | | 815,109 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Pacific Asset Floating Rate High Income ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COLLATERALIZED LOAN OBLIGATIONS - (Continued)
|
Series 2020-5A, Class ER, 10.18%
(3 mo. Term SOFR + 5.40%), 10/18/2037(a) | | | $2,000,000 | | | $2,010,220 |
Series 2022-11A, Class ER, 10.02% (3 mo. Term SOFR + 5.40%), 07/19/2037(a) | | | 3,000,000 | | | 3,032,414 |
OHA Credit Partners Ltd.
| | | | | | |
Series 2014-10RA, Class ER, 11.13% (3 mo. Term SOFR + 6.51%), 04/20/2034(a) | | | 1,000,000 | | | 1,003,863 |
Series 2015-11A, Class ER2, 10.37% (3 mo. Term SOFR + 5.75%), 04/20/2037(a) | | | 1,000,000 | | | 1,008,101 |
Series 2017-14A, Class ER, 10.71% (3 mo. Term SOFR + 5.45%), 07/21/2037(a) | | | 1,175,000 | | | 1,186,502 |
Series 2021-16A, Class ER, 10.13% (3 mo. Term SOFR + 5.50%), 10/18/2037(a) | | | 1,000,000 | | | 1,004,822 |
OHA Loan Funding Ltd., Series 2016-1A, Class ER2, 10.32% (3 mo. Term SOFR + 5.70%), 07/20/2037(a) | | | 1,625,000 | | | 1,642,332 |
Palmer Square Loan Funding Ltd.
| | | | | | |
Series 2022-4A, Class DR, 9.38%
(3 mo. Term SOFR + 4.75%), 07/24/2031(a) | | | 1,000,000 | | | 1,007,491 |
Series 2024-3A, Class D, 10.56%
(3 mo. Term SOFR + 5.40%), 08/08/2032(a) | | | 1,000,000 | | | 1,008,349 |
Parallel CLO Ltd., Series 2020-1A, Class A1R, 6.10% (3 mo. Term SOFR + 1.48%), 07/20/2034(a) | | | 2,000,000 | | | 2,001,501 |
Point Au Roche Park CLO, Series 2021-1A, Class E, 10.98% (3 mo. Term SOFR + 6.36%), 07/20/2034(a) | | | 370,000 | | | 372,538 |
Rad CLO, Series 2021-12A, Class E, 11.20% (3 mo. Term SOFR + 6.61%), 10/30/2034(a) | | | 500,000 | | | 503,999 |
Regatta Funding Ltd., Series 2024-2A, Class A1, 6.18% (3 mo. Term
SOFR + 1.55%), 04/25/2037(a) | | | 1,300,000 | | | 1,309,025 |
RR Ltd./Cayman Islands
| | | | | | |
Series 2020-8A, Class DR, 10.91%
(3 mo. Term SOFR + 6.25%), 07/15/2037(a) | | | 1,000,000 | | | 1,017,920 |
Series 2021-19A, Class D, 11.42%
(3 mo. Term SOFR + 6.76%), 10/15/2035(a) | | | 1,000,000 | | | 1,010,086 |
Series 2023-26A, Class A1, 6.44%
(3 mo. Term SOFR + 1.78%), 04/15/2038(a) | | | 2,000,000 | | | 2,008,355 |
Series 2024-32RA, Class DR, 10.76% (3 mo. Term SOFR + 6.10%), 10/15/2039(a) | | | 2,000,000 | | | 2,007,882 |
Sixth Street CLO, Series 2021-19A, Class E, 10.78% (3 mo. Term
SOFR + 6.16%), 07/20/2034(a) | | | 500,000 | | | 502,094 |
| | | | | | | |
| | | | | | | |
Symphony CLO Ltd.
| | | | | | |
Series 2020-24A, Class E, 11.89%
(3 mo. Term SOFR + 7.26%), 01/23/2032(a) | | | $1,000,000 | | | $1,007,443 |
Series 2021-26A, Class AR, 5.96%
(3 mo. Term SOFR + 1.34%), 04/20/2033(a) | | | 2,687,850 | | | 2,689,292 |
Series 2021-29A, Class E, 11.17%
(3 mo. Term SOFR + 6.51%), 01/15/2034(a) | | | 1,500,000 | | | 1,489,423 |
Series 2022-37A, Class DR, 9.52%
(3 mo. Term SOFR + 4.90%), 01/20/2037(a) | | | 1,250,000 | | | 1,269,701 |
TCI-Flatiron CLO Ltd., Series 2016-1A, Class ER3, 10.90% (3 mo. Term SOFR + 6.25%), 01/17/2032(a) | | | 1,000,000 | | | 1,005,455 |
Trimaran CAVU LLC, Series 2021-3A, Class E, 12.26% (3 mo. Term
SOFR + 7.63%), 01/18/2035(a) | | | 1,925,000 | | | 1,911,617 |
Unity-Peace Park CLO Ltd., Series 2022-1A, Class E, 11.79%
(3 mo. Term SOFR + 7.18%), 04/20/2035(a) | | | 1,500,000 | | | 1,509,791 |
Wellington Management Clo 2 Ltd., Series 2024-2A, Class E, 11.52%
(3 mo. Term SOFR + 6.90%), 04/20/2037(a) | | | 1,000,000 | | | 1,044,727 |
TOTAL COLLATERALIZED LOAN OBLIGATIONS
(Cost $111,596,399) | | | | | | 113,108,297 |
CORPORATE BONDS - 13.2%
| | | | | | |
Communication Services - 0.6%
| | | | | | |
CCO Holdings LLC / CCO Holdings Capital Corp., 4.75%, 03/01/2030(a) | | | 500,000 | | | 455,308 |
DISH Network Corp., 11.75%, 11/15/2027(a) | | | 2,000,000 | | | 2,106,775 |
| | | | | | 2,562,083 |
Consumer Discretionary - 3.3%
| | | | | | |
1011778 BC ULC / New Red Finance, Inc., 4.00%, 10/15/2030(a) | | | 2,000,000 | | | 1,806,602 |
Allied Universal Holdco LLC / Allied Universal Finance Corp.,
9.75%, 07/15/2027(a) | | | 2,000,000 | | | 2,006,360 |
American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 04/20/2026(a) | | | 250,000 | | | 249,387 |
Caesars Entertainment, Inc.,
4.63%, 10/15/2029(a) | | | 2,000,000 | | | 1,877,259 |
Ford Motor Credit Co. LLC,
5.11%, 05/03/2029 | | | 1,000,000 | | | 974,312 |
Las Vegas Sands Corp.,
3.90%, 08/08/2029 | | | 2,000,000 | | | 1,870,573 |
MajorDrive Holdings IV LLC,
6.38%, 06/01/2029(a) | | | 2,000,000 | | | 1,919,853 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Pacific Asset Floating Rate High Income ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Consumer Discretionary - (Continued)
| |
Merlin Entertainments Group US Holdings, Inc.,
7.38%, 02/15/2031(a) | | | $2,000,000 | | | $1,963,369 |
| | | | | | 12,667,715 |
Consumer Staples - 1.0%
| | | | | | |
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC, 3.50%, 03/15/2029(a) | | | 2,000,000 | | | 1,849,785 |
US Foods, Inc., 4.63%, 06/01/2030(a) | | | 2,000,000 | | | 1,899,463 |
| | | | | | 3,749,248 |
Consumer, Cyclical - 0.5%
| | | | | | |
SeaWorld Parks & Entertainment, Inc., 5.25%, 08/15/2029(a) | | | 2,000,000 | | | 1,924,455 |
Energy - 2.0%
| | | | | | |
Antero Midstream Partners LP / Antero Midstream Finance Corp.,
5.38%, 06/15/2029(a) | | | 2,000,000 | | | 1,948,976 |
Enerflex Ltd., 9.00%, 10/15/2027(a) | | | 1,800,000 | | | 1,874,763 |
Energy Transfer LP, 7.13% to 10/01/2029 then 5 yr. CMT Rate + 2.83%, 10/01/2054 | | | 2,000,000 | | | 2,022,860 |
Venture Global LNG, Inc.,
8.13%, 06/01/2028(a) | | | 2,000,000 | | | 2,076,926 |
| | | | | | 7,923,525 |
Financials - 0.3%
| | | | | | |
Boost Newco Borrower LLC,
7.50%, 01/15/2031(a) | | | 1,000,000 | | | 1,053,543 |
Health Care - 0.4%
| | | | | | |
Medline Borrower LP,
3.88%, 04/01/2029(a) | | | 1,500,000 | | | 1,404,615 |
Industrial - 0.5%
| | | | | | |
BWX Technologies, Inc.,
4.13%, 04/15/2029(a) | | | 2,000,000 | | | 1,896,086 |
Industrials - 1.7%
| | | | | | |
Madison IAQ LLC,
4.13%, 06/30/2028(a) | | | 2,000,000 | | | 1,907,793 |
OT Merger Corp.,
7.88%, 10/15/2029(a) | | | 1,000,000 | | | 441,735 |
SPX FLOW, Inc.,
8.75%, 04/01/2030(a) | | | 2,000,000 | | | 2,081,412 |
TK Elevator Holdco GmbH,
7.63%, 07/15/2028(a) | | | 2,000,000 | | | 2,017,978 |
| | | | | | 6,448,918 |
Information Technology - 0.4%
| | | | | | |
UKG, Inc., 6.88%, 02/01/2031(a) | | | 1,500,000 | | | 1,538,326 |
| | | | | | | |
| | | | | | | |
Materials - 0.6%
| | | | | | |
Olympus Water US Holding Corp., 7.25%, 06/15/2031(a) | | | $2,000,000 | | | $2,054,020 |
Standard Industries, Inc./NJ,
4.75%, 01/15/2028(a) | | | 500,000 | | | 482,523 |
| | | | | | 2,536,543 |
Utilities - 1.9%
| | | | | | |
Calpine Corp., 5.13%, 03/15/2028(a) | | | 2,000,000 | | | 1,956,318 |
NextEra Energy Operating Partners LP, 7.25%, 01/15/2029(a) | | | 2,000,000 | | | 2,059,414 |
NRG Energy, Inc.,
3.63%, 02/15/2031(a) | | | 1,500,000 | | | 1,329,548 |
Vistra Operations Co. LLC,
4.38%, 05/01/2029(a) | | | 2,000,000 | | | 1,905,363 |
| | | | | | 7,250,643 |
TOTAL CORPORATE BONDS
(Cost $50,274,774) | | | | | | 50,955,700 |
| | | | | | | |
| | | | | | | |
EXCHANGE TRADED FUNDS - 0.3%
| | | |
iShares iBoxx $ High Yield Corporate Bond ETF | | | 8,065 | | | 638,264 |
SPDR Bloomberg High Yield Bond ETF | | | 6,533 | | | 629,128 |
TOTAL EXCHANGE TRADED FUNDS
(Cost $1,201,405) | | | | | | 1,267,392 |
CLOSED END FUNDS - 0.0%(b)
| | | | | | |
Eagle Point Credit Co., Inc. | | | 1,905 | | | 18,231 |
TOTAL CLOSED END FUNDS
(Cost $33,494) | | | | | | 18,231 |
TOTAL INVESTMENTS - 98.2%
(Cost $377,075,738) | | | | | | $379,397,101 |
Liabilities in Excess of
Other Assets – 1.8% | | | | | | 6,941,291 |
TOTAL NET ASSETS - 100.0% | | | | | | $386,338,392 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
CMT - Constant Maturity Treasury Rate
SOFR - Secured Overnight Financing Rate
(a)
| Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of October 31, 2024, the value of these securities total $159,196,252 or 41.2% of the Fund’s net assets. |
(b)
| Represents less than 0.05% of net assets. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot 100 ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 56.2%
| | | | | | |
Communication Services - 9.2%
| | | | | | |
Alphabet, Inc. - Class A | | | 111,966 | | | $19,158,502 |
Alphabet, Inc. - Class C | | | 106,737 | | | 18,432,413 |
Charter Communications, Inc. - Class A(a)(b) | | | 7,120 | | | 2,332,583 |
Comcast Corp. - Class A | | | 189,908 | | | 8,293,282 |
Electronic Arts, Inc. | | | 13,118 | | | 1,978,850 |
Meta Platforms, Inc. - Class A | | | 66,250 | | | 37,602,175 |
Netflix, Inc.(a) | | | 21,224 | | | 16,045,981 |
Take-Two Interactive Software,
Inc.(a) | | | 8,433 | | | 1,363,785 |
T-Mobile US, Inc. | | | 57,522 | | | 12,836,610 |
Trade Desk, Inc. - Class A(a) | | | 21,835 | | | 2,624,785 |
Warner Bros Discovery, Inc.(a) | | | 119,726 | | | 973,372 |
| | | | | | 121,642,338 |
Consumer Discretionary - 7.5%
| | | | | | |
Airbnb, Inc. - Class A(a) | | | 21,496 | | | 2,897,446 |
Amazon.com, Inc.(a) | | | 200,089 | | | 37,296,589 |
Booking Holdings, Inc. | | | 1,671 | | | 7,814,014 |
DoorDash, Inc. - Class A(a) | | | 18,985 | | | 2,974,949 |
Lululemon Athletica, Inc.(a) | | | 5,938 | | | 1,768,930 |
Marriott International, Inc. | | | 13,800 | | | 3,588,276 |
MercadoLibre, Inc.(a) | | | 2,470 | | | 5,031,835 |
O’Reilly Automotive, Inc.(a) | | | 2,892 | | | 3,334,881 |
PDD Holdings, Inc. - ADR(a)(b) | | | 32,770 | | | 3,951,734 |
Ross Stores, Inc. | | | 16,512 | | | 2,307,057 |
Starbucks Corp. | | | 55,548 | | | 5,427,040 |
Tesla Motors, Inc.(a)(b) | | | 92,038 | | | 22,995,694 |
| | | | | | 99,388,445 |
Consumer Staples - 3.3%
| | | | | | |
Coca-Cola Europacific Partners
PLC | | | 22,411 | | | 1,703,236 |
Costco Wholesale Corp. | | | 21,869 | | | 19,117,442 |
Dollar Tree, Inc.(a) | | | 10,682 | | | 690,485 |
Keurig Dr Pepper, Inc. | | | 66,531 | | | 2,192,196 |
Mondelez International, Inc. | | | 66,076 | | | 4,524,885 |
Monster Beverage Corp.(a) | | | 48,143 | | | 2,536,173 |
PepsiCo, Inc. | | | 67,439 | | | 11,200,269 |
The Kraft Heinz Co. | | | 59,525 | | | 1,991,707 |
| | | | | | 43,956,393 |
Energy - 0.3%
| | | | | | |
Baker Hughes Co. | | | 49,117 | | | 1,870,376 |
Diamondback Energy, Inc. | | | 8,755 | | | 1,547,621 |
| | | | | | 3,417,997 |
Financials - 0.3%
| | | | | | |
PayPal Holdings, Inc.(a) | | | 50,239 | | | 3,983,953 |
Health Care - 3.3%
| | | | | | |
Amgen, Inc. | | | 26,487 | | | 8,480,078 |
AstraZeneca PLC - ADR | | | 28,575 | | | 2,033,111 |
Biogen, Inc.(a) | | | 7,123 | | | 1,239,402 |
| | | | | | | |
| | | | | | | |
DexCom, Inc.(a) | | | 19,521 | | | $1,375,840 |
GE HealthCare Technologies, Inc. | | | 22,336 | | | 1,951,050 |
Gilead Sciences, Inc. | | | 61,134 | | | 5,429,922 |
IDEXX Laboratories, Inc.(a) | | | 4,075 | | | 1,658,199 |
Illumina, Inc.(a) | | | 7,792 | | | 1,123,139 |
Intuitive Surgical, Inc.(a) | | | 17,513 | | | 8,823,750 |
Moderna, Inc.(a)(b) | | | 18,739 | | | 1,018,652 |
Regeneron Pharmaceuticals, Inc.(a) | | | 5,316 | | | 4,455,871 |
Vertex Pharmaceuticals, Inc.(a) | | | 12,671 | | | 6,031,142 |
| | | | | | 43,620,156 |
Industrials - 2.6%
| | | | | | |
Automatic Data Processing, Inc. | | | 20,148 | | | 5,827,608 |
Cintas Corp. | | | 19,861 | | | 4,087,592 |
Copart, Inc.(a) | | | 47,173 | | | 2,427,994 |
CSX Corp. | | | 96,146 | | | 3,234,352 |
Fastenal Co. | | | 28,073 | | | 2,194,747 |
Honeywell International, Inc. | | | 31,996 | | | 6,580,937 |
Old Dominion Freight Line, Inc.(b) | | | 10,665 | | | 2,147,078 |
PACCAR, Inc. | | | 25,705 | | | 2,680,517 |
Paychex, Inc.(b) | | | 17,729 | | | 2,470,182 |
Verisk Analytics, Inc. | | | 7,028 | | | 1,930,732 |
| | | | | | 33,581,739 |
Information Technology - 28.0%(c)
| | | | | | |
Adobe, Inc.(a) | | | 21,780 | | | 10,412,582 |
Advanced Micro Devices, Inc.(a) | | | 79,691 | | | 11,481,082 |
Analog Devices, Inc. | | | 24,326 | | | 5,427,374 |
ANSYS, Inc.(a) | | | 4,262 | | | 1,365,587 |
Apple, Inc. | | | 289,892 | | | 65,489,502 |
Applied Materials, Inc. | | | 40,764 | | | 7,401,927 |
ARM Holdings PLC - ADR(a)(b) | | | 6,205 | | | 876,767 |
ASML Holding NV | | | 4,662 | | | 3,135,428 |
Atlassian Corp. - Class A(a) | | | 7,755 | | | 1,462,128 |
Autodesk, Inc.(a) | | | 10,501 | | | 2,980,184 |
Broadcom, Inc. | | | 228,216 | | | 38,744,230 |
Cadence Design System, Inc.(a) | | | 13,358 | | | 3,688,411 |
CDW Corp. | | | 6,586 | | | 1,239,683 |
Cisco Systems, Inc. | | | 198,714 | | | 10,883,566 |
Cognizant Technology Solutions
Corp. - Class A | | | 24,421 | | | 1,821,562 |
Crowdstrike Holdings, Inc. -
Class A(a) | | | 11,321 | | | 3,360,865 |
Datadog, Inc. - Class A(a) | | | 15,003 | | | 1,881,976 |
Fortinet, Inc.(a) | | | 37,433 | | | 2,944,480 |
GlobalFoundries, Inc.(a)(b) | | | 26,877 | | | 981,011 |
Intel Corp.(b) | | | 208,946 | | | 4,496,518 |
Intuit, Inc. | | | 13,737 | | | 8,383,691 |
KLA Corp. | | | 6,635 | | | 4,420,436 |
Lam Research Corp. | | | 64,201 | | | 4,773,344 |
Marvell Technology, Inc. | | | 42,414 | | | 3,397,786 |
Microchip Technology, Inc. | | | 26,509 | | | 1,944,965 |
Micron Technology, Inc. | | | 54,350 | | | 5,415,978 |
Microsoft Corp. | | | 141,744 | | | 57,597,674 |
MongoDB, Inc.(a) | | | 3,548 | | | 959,379 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot 100 ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Information Technology - (Continued)
|
NVIDIA Corp. | | | 467,463 | | | $62,060,388 |
NXP Semiconductors NV | | | 12,575 | | | 2,948,838 |
ON Semiconductor Corp.(a) | | | 20,967 | | | 1,477,964 |
Palo Alto Networks, Inc.(a) | | | 15,840 | | | 5,707,627 |
QUALCOMM, Inc. | | | 54,755 | | | 8,912,471 |
Roper Technologies, Inc. | | | 5,248 | | | 2,822,007 |
Super Micro Computer, Inc.(a)(b) | | | 29,243 | | | 851,264 |
Synopsys, Inc.(a) | | | 7,574 | | | 3,890,082 |
Texas Instruments, Inc. | | | 44,914 | | | 9,124,728 |
Workday, Inc. - Class A(a) | | | 10,447 | | | 2,443,031 |
Zscaler, Inc.(a) | | | 7,273 | | | 1,314,886 |
| | | | | | 368,521,402 |
Materials - 0.8%
| | | | | | |
Linde PLC | | | 23,625 | | | 10,776,544 |
Real Estate - 0.1%
| | | | | | |
CoStar Group, Inc.(a) | | | 20,040 | | | 1,458,712 |
Utilities - 0.8%
| | | | | | |
American Electric Power Co., Inc. | | | 25,814 | | | 2,549,132 |
Constellation Energy Corp. | | | 15,537 | | | 4,085,609 |
Exelon Corp. | | | 49,042 | | | 1,927,351 |
Xcel Energy, Inc. | | | 27,237 | | | 1,819,704 |
| | | | | | 10,381,796 |
TOTAL COMMON STOCKS
(Cost $501,520,163) | | | | | | 740,729,475 |
| | | Units | |
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES
LENDING - 44.5%
| | | |
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(d) | | | 20,918,650 | | | 20,918,650 |
| | | Par | | | |
U.S. Treasury Bills - 42.9%
| | | | | | |
5.13%, 11/14/2024(e) | | | $50,600,000 | | | 50,514,932 |
5.07%, 11/21/2024(e) | | | 486,200,000 | | | 484,953,383 |
4.52%, 01/02/2025(e) | | | 30,000,000 | | | 29,767,128 |
| | | | | | 565,235,443 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $586,042,115) | | | | | | 586,154,093 |
TOTAL INVESTMENTS - 100.7%
(Cost $1,087,562,278) | | | | | | $1,326,883,568 |
Liabilities in Excess of
Other Assets - (0.7)% | | | | | | (9,230,020) |
TOTAL NET ASSETS - 100.0% | | | | | | $1,317,653,548 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
ADR - American Depositary Receipt
NV - Naamloze Vennootschap
PLC - Public Limited Company
(a)
| Non-income producing security. |
(b)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $19,840,393 which represented 1.5% of net assets. |
(c)
| To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors. |
(d)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
(e)
| The rate shown is the effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot European Index ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 97.3%
| | | | | | |
Austria - 0.7%
| | | | | | |
Andritz AG | | | 370 | | | $22,277 |
Erste Group Bank AG | | | 1,670 | | | 93,988 |
OMV AG | | | 759 | | | 31,455 |
Raiffeisen Bank International AG | | | 690 | | | 12,376 |
Telekom Austria AG | | | 466 | | | 3,868 |
Verbund AG | | | 350 | | | 28,629 |
voestalpine AG | | | 590 | | | 12,226 |
| | | | | | 204,819 |
Belgium - 2.5%
| | | | | | |
Ackermans & van Haaren NV | | | 120 | | | 24,370 |
Ageas SA/NV | | | 874 | | | 45,519 |
Anheuser-Busch InBev SA/NV - ADR(a) | | | 4,860 | | | 288,538 |
Cenergy Holdings SA | | | 190 | | | 1,798 |
D’ieteren Group | | | 120 | | | 25,910 |
Elia Group SA/NV | | | 197 | | | 18,718 |
Groupe Bruxelles Lambert NV | | | 447 | | | 32,188 |
KBC Groep NV | | | 1,266 | | | 91,824 |
Lotus Bakeries NV | | | 3 | | | 39,224 |
Sofina SA | | | 92 | | | 22,476 |
Syensqo SA | | | 380 | | | 29,360 |
Titan Cement International SA | | | 210 | | | 7,493 |
UCB SA | | | 644 | | | 123,850 |
Viohalco SA | | | 230 | | | 1,289 |
| | | | | | 752,557 |
Finland - 3.1%
| | | | | | |
Elisa OYJ | | | 759 | | | 36,128 |
Fortum Oyj | | | 2,320 | | | 34,144 |
Kesko Oyj - Class B | | | 1,440 | | | 30,802 |
Kone Oyj - Class B | | | 1,740 | | | 95,126 |
Metso Oyj | | | 3,410 | | | 32,292 |
Neste Oyj | | | 2,210 | | | 35,290 |
Nokia Oyj - ADR(a) | | | 27,779 | | | 130,839 |
Nordea Bank Abp | | | 17,698 | | | 207,237 |
Orion Oyj - Class B | | | 562 | | | 27,295 |
Sampo Oyj - Class A | | | 2,656 | | | 117,585 |
Stora Enso Oyj - Class R | | | 3,140 | | | 34,907 |
UPM-Kymmene Oyj | | | 2,835 | | | 83,046 |
Valmet Oyj | | | 874 | | | 22,351 |
Wartsila OYJ Abp | | | 2,580 | | | 49,140 |
| | | | | | 936,182 |
France - 29.6%(b)
| | | | | | |
Accor SA | | | 1,198 | | | 54,288 |
Aeroports de Paris SA | | | 170 | | | 20,119 |
Air Liquide SA | | | 3,029 | | | 542,520 |
ALD SA(c) | | | 718 | | | 4,733 |
Alstom SA(d) | | | 1,838 | | | 40,106 |
Amundi SA(c) | | | 310 | | | 22,424 |
Arkema SA | | | 310 | | | 27,094 |
AXA SA | | | 9,544 | | | 358,369 |
BioMerieux | | | 220 | | | 24,529 |
| | | | | | | |
| | | | | | | |
BNP Paribas SA | | | 5,334 | | | $364,079 |
Bollore SE | | | 3,718 | | | 23,194 |
Bouygues SA | | | 966 | | | 30,924 |
Bureau Veritas SA | | | 1,624 | | | 51,299 |
Capgemini SE | | | 853 | | | 147,714 |
Carrefour SA | | | 2,697 | | | 42,641 |
Cie de Saint-Gobain SA | | | 2,441 | | | 220,328 |
Cie Generale des Etablissements Michelin SCA | | | 3,734 | | | 126,114 |
Credit Agricole SA | | | 5,346 | | | 81,906 |
Danone SA | | | 3,329 | | | 237,907 |
Dassault Aviation SA | | | 100 | | | 20,156 |
Dassault Systemes SE | | | 3,563 | | | 121,928 |
Edenred SE | | | 1,322 | | | 42,493 |
Eiffage SA | | | 406 | | | 37,741 |
Engie SA | | | 9,326 | | | 156,375 |
EssilorLuxottica SA | | | 1,627 | | | 381,208 |
Eurazeo SE | | | 263 | | | 20,011 |
Getlink SE | | | 1,873 | | | 31,752 |
Hermes International SCA | | | 184 | | | 415,102 |
Ipsen SA | | | 184 | | | 22,396 |
JCDecaux SE(d) | | | 390 | | | 7,352 |
Kering | | | 380 | | | 94,594 |
La Francaise des Jeux SAEM(c) | | | 510 | | | 21,724 |
Legrand SA | | | 1,339 | | | 150,893 |
L’Oreal SA | | | 1,233 | | | 461,706 |
LVMH Moet Hennessy Louis Vuitton SE - ADR(a) | | | 6,577 | | | 872,044 |
Neoen SA(c) | | | 369 | | | 15,834 |
Orange SA | | | 10,192 | | | 111,917 |
Pernod Ricard SA | | | 1,079 | | | 134,093 |
Pluxee NV(d) | | | 470 | | | 9,801 |
Publicis Groupe SA | | | 1,208 | | | 128,404 |
Remy Cointreau SA | | | 120 | | | 7,486 |
Renault SA | | | 1,022 | | | 46,579 |
Rexel SA | | | 1,250 | | | 34,237 |
Safran SA | | | 1,795 | | | 405,731 |
Sanofi SA - ADR | | | 11,757 | | | 621,710 |
Sartorius Stedim Biotech | | | 140 | | | 27,914 |
Schneider Electric SE | | | 2,847 | | | 734,566 |
SCOR SE | | | 800 | | | 17,186 |
SEB SA | | | 129 | | | 13,527 |
Societe Generale SA | | | 3,890 | | | 111,644 |
Sodexo SA | | | 470 | | | 40,797 |
SOITEC(d) | | | 129 | | | 10,166 |
Teleperformance SE | | | 320 | | | 33,729 |
Thales SA | | | 520 | | | 83,798 |
TotalEnergies SE - ADR(a) | | | 10,862 | | | 679,527 |
Veolia Environnement SA | | | 3,326 | | | 105,533 |
Vinci SA | | | 2,633 | | | 294,137 |
Vivendi SE | | | 3,554 | | | 37,862 |
Wendel SA | | | 140 | | | 13,888 |
| | | | | | 8,997,829 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot European Index ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Germany - 25.8%(b)
| | | | | | |
adidas AG | | | 875 | | | $208,821 |
Allianz SE | | | 2,090 | | | 657,920 |
BASF SE | | | 4,735 | | | 229,944 |
Bayer AG - ADR | | | 20,930 | | | 141,696 |
Bayerische Motoren Werke AG | | | 1,565 | | | 123,112 |
Bechtle AG | | | 437 | | | 14,907 |
Beiersdorf AG | | | 522 | | | 70,408 |
Brenntag SE | | | 695 | | | 45,238 |
Carl Zeiss Meditec AG | | | 190 | | | 11,904 |
Commerzbank AG | | | 5,484 | | | 97,412 |
Continental AG | | | 577 | | | 35,938 |
Covestro AG(c)(d) | | | 1,000 | | | 63,307 |
CTS Eventim AG & Co. KGaA | | | 310 | | | 32,523 |
Daimler AG | | | 4,449 | | | 269,554 |
Daimler Truck Holding AG | | | 2,786 | | | 115,188 |
Delivery Hero SE(c)(d) | | | 1,048 | | | 44,356 |
Deutsche Bank AG | | | 10,407 | | | 176,867 |
Deutsche Boerse AG | | | 982 | | | 228,268 |
Deutsche Lufthansa AG | | | 3,180 | | | 22,006 |
Deutsche Post AG | | | 5,172 | | | 207,762 |
Deutsche Telekom AG | | | 17,913 | | | 542,068 |
Deutsche Wohnen SE | | | 260 | | | 6,618 |
DWS Group GmbH & Co. KGaA(c) | | | 164 | | | 7,022 |
E.ON SE | | | 11,793 | | | 159,257 |
Evonik Industries AG | | | 1,336 | | | 29,399 |
Fielmann Group AG | | | 129 | | | 6,476 |
Fraport AG Frankfurt Airport Services Worldwide(d) | | | 190 | | | 10,272 |
Fresenius Medical Care AG & Co. KGaA | | | 1,081 | | | 42,225 |
Fresenius SE & Co. KGaA(d) | | | 2,188 | | | 79,777 |
FUCHS SE | | | 160 | | | 5,735 |
GEA Group AG | | | 907 | | | 44,673 |
Hannover Rueck SE | | | 319 | | | 83,799 |
Heidelberg Materials AG | | | 688 | | | 75,735 |
Henkel AG & Co. KGaA | | | 520 | | | 40,556 |
HOCHTIEF AG | | | 117 | | | 14,305 |
Infineon Technologies AG | | | 6,911 | | | 218,193 |
KION Group AG | | | 380 | | | 14,732 |
Knorr-Bremse AG | | | 350 | | | 28,782 |
LEG Immobilien SE | | | 391 | | | 36,925 |
Merck KGaA | | | 685 | | | 113,256 |
MTU Aero Engines AG | | | 282 | | | 92,238 |
Muenchener Rueckversicherungs-Gesellschaft AG | | | 708 | | | 362,113 |
Nemetschek SE | | | 290 | | | 31,371 |
Puma SE | | | 530 | | | 24,087 |
Rational AG | | | 26 | | | 25,453 |
Rheinmetall AG | | | 231 | | | 118,901 |
RWE AG | | | 3,788 | | | 122,664 |
SAP SE - ADR(a) | | | 5,865 | | | 1,370,299 |
Sartorius AG | | | 10 | | | 2,047 |
Scout24 SE(c) | | | 391 | | | 33,663 |
| | | | | | | |
| | | | | | | |
Siemens AG - ADR | | | 7,967 | | | $773,357 |
Siemens Energy AG(d) | | | 3,363 | | | 137,288 |
Siemens Healthineers AG(c) | | | 1,482 | | | 77,330 |
Symrise AG | | | 691 | | | 83,131 |
Talanx AG | | | 323 | | | 24,928 |
Traton SE | | | 270 | | | 8,635 |
Volkswagen AG | | | 150 | | | 14,929 |
Vonovia SE | | | 3,740 | | | 122,696 |
Wacker Chemie AG | | | 80 | | | 6,730 |
Zalando SE(c)(d) | | | 1,170 | | | 35,151 |
| | | | | | 7,823,947 |
Greece - 0.8%
| | | | | | |
Aegean Airlines SA | | | 200 | | | 2,168 |
Alpha Services and Holdings SA | | | 11,383 | | | 17,081 |
Athens International Airport SA | | | 390 | | | 3,330 |
Athens Water Supply & Sewage Co. SA | | | 220 | | | 1,386 |
Autohellas Tourist and Trading SA | | | 110 | | | 1,359 |
Ellaktor SA | | | 440 | | | 848 |
Eurobank Ergasias SA | | | 13,457 | | | 27,665 |
FF Group(d)(e) | | | 1,259 | | | 6,573 |
GEK TERNA SA | | | 299 | | | 5,627 |
Hellenic Telecommunications Organization SA | | | 990 | | | 16,336 |
HELLENiQ ENERGY Holdings SA | | | 492 | | | 3,693 |
Holding Co. ADMIE IPTO SA | | | 600 | | | 1,547 |
Intrakat Technical And Energy Projects SA(d) | | | 250 | | | 1,332 |
Intralot SA-Integrated Information Systems & Gaming Services(d) | | | 1,480 | | | 1,629 |
JUMBO SA | | | 580 | | | 15,457 |
LAMDA Development SA(d) | | | 430 | | | 3,461 |
Motor Oil Hellas Corinth Refineries SA | | | 300 | | | 6,409 |
Mytilineos SA | | | 578 | | | 20,157 |
National Bank of Greece SA | | | 3,964 | | | 30,959 |
OPAP SA | | | 1,000 | | | 17,056 |
Optima bank SA | | | 350 | | | 4,873 |
Piraeus Financial Holdings SA | | | 5,398 | | | 20,187 |
Piraeus Port Authority SA | | | 47 | | | 1,414 |
Public Power Corp. SA | | | 1,060 | | | 13,894 |
Quest Holdings SA | | | 140 | | | 842 |
Sarantis SA | | | 150 | | | 1,798 |
Terna Energy SA | | | 277 | | | 5,966 |
| | | | | | 233,047 |
Ireland - 0.9%
| | | | | | |
AIB Group PLC | | | 9,600 | | | 51,105 |
Bank of Ireland Group PLC | | | 5,420 | | | 49,888 |
Glanbia PLC | | | 940 | | | 15,593 |
Kerry Group PLC - Class A | | | 790 | | | 78,628 |
Kingspan Group PLC | | | 810 | | | 71,059 |
| | | | | | 266,273 |
Italy - 8.6%
| | | | | | |
A2A SpA | | | 8,170 | | | 18,662 |
Amplifon SpA | | | 690 | | | 19,289 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot European Index ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Italy - (Continued)
|
Banca Mediolanum SpA | | | 1,150 | | | $14,235 |
Banco BPM SpA | | | 7,290 | | | 49,132 |
BPER Banca SPA | | | 5,620 | | | 34,234 |
Brunello Cucinelli SpA | | | 184 | | | 18,173 |
Buzzi SpA | | | 450 | | | 17,612 |
Davide Campari-Milano NV | | | 2,542 | | | 17,083 |
DiaSorin SpA | | | 117 | | | 12,727 |
Enel SpA | | | 41,311 | | | 313,204 |
Eni SpA | | | 11,996 | | | 182,837 |
Ferrari NV | | | 632 | | | 302,344 |
FinecoBank Banca Fineco SpA | | | 3,250 | | | 51,914 |
Generali | | | 6,658 | | | 185,039 |
Hera SpA | | | 4,071 | | | 15,587 |
Infrastrutture Wireless Italiane SpA(c) | | | 1,850 | | | 20,828 |
Interpump Group SpA | | | 420 | | | 18,658 |
Intesa Sanpaolo SpA | | | 84,760 | | | 362,982 |
Italgas SpA | | | 2,610 | | | 15,970 |
Leonardo SpA | | | 2,127 | | | 50,831 |
Mediobanca Banca di Credito Finanziario SpA | | | 2,892 | | | 47,721 |
Moncler SpA | | | 1,211 | | | 67,101 |
Nexi SpA(c)(d) | | | 4,230 | | | 26,696 |
Pirelli & C SpA(c) | | | 1,955 | | | 10,688 |
Poste Italiane SpA(c) | | | 2,410 | | | 33,922 |
Prysmian SpA | | | 1,486 | | | 104,775 |
Recordati Industria Chimica e Farmaceutica SpA | | | 520 | | | 29,469 |
Reply SpA | | | 120 | | | 18,313 |
Snam SpA | | | 12,097 | | | 58,134 |
Telecom Italia SpA(d) | | | 53,850 | | | 13,630 |
Telecom Italia SpA - Savings Shares(d) | | | 24,820 | | | 7,254 |
Terna Rete Elettrica Nazionale SpA | | | 7,490 | | | 64,885 |
UniCredit SpA | | | 8,447 | | | 373,777 |
Unipol Gruppo SpA | | | 2,290 | | | 28,472 |
| | | | | | 2,606,178 |
Luxembourg - 0.4%
| | | | | | |
ArcelorMittal | | | 2,572 | | | 63,451 |
Eurofins Scientific SE(d) | | | 684 | | | 33,615 |
RTL Group SA | | | 197 | | | 6,268 |
Tenaris SA - ADR | | | 1,176 | | | 38,667 |
| | | | | | 142,001 |
Netherlands - 15.2%
| | | | | | |
Aalberts Industries NV | | | 510 | | | 18,396 |
ABN AMRO Group NV(c) | | | 2,372 | | | 39,192 |
Adyen NV(c)(d) | | | 161 | | | 246,299 |
Aegon Ltd. | | | 5,764 | | | 36,402 |
Airbus SE | | | 3,140 | | | 478,721 |
Akzo Nobel NV | | | 910 | | | 57,886 |
Argenx SE - ADR(d) | | | 320 | | | 187,616 |
ASM International NV | | | 250 | | | 139,286 |
ASML Holding NV | | | 2,110 | | | 1,419,081 |
| | | | | | | |
| | | | | | | |
ASR Nederland NV | | | 780 | | | $36,967 |
BE Semiconductor Industries NV | | | 410 | | | 43,679 |
CTP NV(c) | | | 605 | | | 10,082 |
Euronext NV(c) | | | 417 | | | 45,994 |
EXOR NV | | | 536 | | | 56,671 |
Heineken Holding NV | | | 690 | | | 47,847 |
Heineken NV | | | 1,463 | | | 120,149 |
IMCD NV | | | 300 | | | 47,660 |
ING Groep NV - ADR | | | 17,279 | | | 292,879 |
JDE Peet’s NV | | | 530 | | | 11,934 |
Koninklijke Ahold Delhaize NV | | | 5,008 | | | 165,112 |
Koninklijke KPN NV | | | 20,127 | | | 78,662 |
Koninklijke Philips NV(d) | | | 4,235 | | | 111,112 |
Koninklijke Vopak NV | | | 347 | | | 15,943 |
NN Group NV | | | 1,453 | | | 71,423 |
OCI NV | | | 520 | | | 6,315 |
Prosus NV | | | 6,899 | | | 290,757 |
QIAGEN NV | | | 1,156 | | | 49,103 |
Randstad Holding NV | | | 570 | | | 26,258 |
Stellantis NV | | | 10,844 | | | 148,577 |
Universal Music Group NV | | | 4,000 | | | 100,421 |
Wolters Kluwer NV | | | 1,279 | | | 215,223 |
| | | | | | 4,615,647 |
Poland - 0.1%
| | | | | | |
InPost SA(d) | | | 1,266 | | | 24,691 |
Portugal - 0.4%
| | | | | | |
EDP SA | | | 16,000 | | | 62,863 |
Galp Energia SGPS SA | | | 2,288 | | | 38,999 |
Jeronimo Martins SGPS SA | | | 1,460 | | | 28,380 |
| | | | | | 130,242 |
Spain - 8.5%
| | | | | | |
Acciona SA | | | 120 | | | 15,324 |
ACS Actividades de Construccion y Servicios SA | | | 1,036 | | | 49,584 |
Aena SME SA(c) | | | 370 | | | 81,701 |
Amadeus IT Holding SA | | | 2,321 | | | 168,143 |
Banco Bilbao Vizcaya Argentaria SA - ADR | | | 30,461 | | | 302,478 |
Banco de Sabadell SA | | | 27,930 | | | 54,336 |
Banco Santander SA - ADR(a) | | | 80,162 | | | 389,587 |
Bankinter SA | | | 3,425 | | | 27,904 |
CaixaBank SA | | | 21,031 | | | 127,879 |
Cellnex Telecom SA(c) | | | 2,975 | | | 109,055 |
Corp. ACCIONA Energias Renovables SA | | | 300 | | | 6,187 |
EDP Renovaveis SA | | | 1,587 | | | 21,371 |
Enagas SA | | | 1,321 | | | 18,709 |
Endesa SA | | | 1,689 | | | 36,386 |
Ferrovial SE | | | 2,758 | | | 110,641 |
Grifols SA(d) | | | 1,390 | | | 15,490 |
Iberdrola SA | | | 32,221 | | | 478,235 |
Industria de Diseno Textil SA | | | 5,587 | | | 317,840 |
Mapfre SA | | | 5,280 | | | 15,082 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot European Index ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Spain - (Continued)
|
Naturgy Energy Group SA | | | 670 | | | $16,660 |
Redeia Corp. SA | | | 2,300 | | | 42,531 |
Repsol SA | | | 6,264 | | | 78,016 |
Telefonica SA | | | 22,236 | | | 104,344 |
| | | | | | 2,587,483 |
Switzerland - 0.7%
| | | | | | |
DSM-Firmenich AG | | | 919 | | | 109,061 |
STMicroelectronics NV | | | 3,456 | | | 94,075 |
| | | | | | 203,136 |
TOTAL COMMON STOCKS
(Cost $27,246,497) | | | | | | 29,524,032 |
PREFERRED STOCKS - 0.8%
| | | | | | |
Germany - 0.8%
| | | | | | |
Bayerische Motoren Werke AG 0.00% | | | 300 | | | 22,043 |
FUCHS SE 0.00% | | | 349 | | | 16,256 |
Henkel AG & Co. KGaA 0.00% | | | 871 | | | 75,396 |
Sartorius AG 0.00% | | | 129 | | | 33,354 |
Volkswagen AG 0.00% | | | 978 | | | 94,616 |
| | | | | | 241,665 |
Spain - 0.0%(f)
| | | | | | |
Grifols SA Class B, 0.00% | | | 1,357 | | | 11,802 |
TOTAL PREFERRED STOCKS
(Cost $277,790) | | | | | | 253,467 |
REAL ESTATE INVESTMENT TRUSTS - 0.6%
|
Belgium - 0.1%
| | | | | | |
Warehouses De Pauw CVA | | | 912 | | | 21,646 |
France - 0.4%
| | | | | | |
Covivio SA | | | 290 | | | 16,498 |
Gecina SA | | | 277 | | | 29,543 |
Klepierre | | | 1,100 | | | 35,130 |
Unibail-Rodamco-Westfield | | | 550 | | | 44,798 |
| | | | | | 125,969 |
Spain - 0.1%
| | | | | | |
Merlin Properties Socimi SA | | | 2,330 | | | 26,003 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $154,590) | | | | | | 173,618 |
| | | | | | | |
| | | | | | | |
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 9.9%
| | | | | | |
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(g) | | | 2,998,249 | | | $2,998,249 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $2,998,249) | | | | | | 2,998,249 |
TOTAL INVESTMENTS - 108.6%
(Cost $30,677,126) | | | | | | $32,949,366 |
Liabilities in Excess of
Other Assets - (8.6)% | | | | | | (2,603,705) |
TOTAL NET ASSETS - 100.0% | | | | | | $30,345,661 |
| | | | | | | |
Percentages are stated as a percent of net assets.
ADR - American Depositary Receipt
AG - Aktiengesellschaft
KGaA - Kommanditgesellschaft auf Aktien
NV - Naamloze Vennootschap
OYJ - Julkinen Asakeyhtio
PLC - Public Limited Company
SA - Sociedad Anónima
SA/NV - Societe Anonime/Naamloze Vennootschap
SE - Societas Europeae
SpA - Societa per Azioni
(a)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $2,878,833 which represented 9.5% of net assets. |
(b)
| To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting the country or region. |
(c)
| Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of October 31, 2024, the value of these securities total $950,001 or 3.1% of the Fund’s net assets. |
(d)
| Non-income producing security. |
(e)
| Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $6,573 or 0.0% of net assets as of October 31, 2024. |
(f)
| Represents less than 0.05% of net assets. |
(g)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot Fund of Funds ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
AFFILIATED EXCHANGE TRADED FUNDS - 99.9%
| | | | | | |
Pacer Trendpilot 100 ETF(a) | | | 145,428 | | | $10,627,878 |
Pacer Trendpilot International ETF(a) | | | 349,398 | | | 10,286,277 |
Pacer Trendpilot US Bond ETF(a) | | | 518,337 | | | 10,434,124 |
Pacer Trendpilot US Large Cap ETF(a) | | | 203,507 | | | 10,588,469 |
Pacer Trendpilot US Mid Cap ETF(a) | | | 289,081 | | | 10,655,526 |
TOTAL AFFILIATED EXCHANGE TRADED FUNDS
(Cost $48,126,512) | | | | | | 52,592,274 |
TOTAL INVESTMENTS - 99.9%
(Cost $48,126,512) | | | | | | $52,592,274 |
Other Assets in Excess of
Liabilities - 0.1% | | | | | | 26,386 |
TOTAL NET ASSETS - 100.0% | | | | | | $52,618,660 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
(a)
| Affiliated company as defined by the Investment Company Act of 1940. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot International ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 94.9%
| | | | | | |
Australia - 6.2%
| | | | | | |
ANZ Group Holdings Ltd. | | | 26,248 | | | $538,078 |
Aristocrat Leisure Ltd. | | | 5,519 | | | 223,443 |
BHP Group Ltd. - ADR(a) | | | 22,723 | | | 1,260,218 |
Brambles Ltd. | | | 12,224 | | | 147,699 |
Cochlear Ltd. | | | 569 | | | 106,054 |
Coles Group Ltd. | | | 11,690 | | | 135,323 |
Commonwealth Bank of Australia | | | 14,640 | | | 1,375,333 |
Computershare Ltd. | | | 4,883 | | | 84,772 |
CSL Ltd. | | | 4,275 | | | 807,297 |
Fortescue Ltd. | | | 14,812 | | | 186,864 |
Insurance Australia Group Ltd. | | | 20,721 | | | 102,273 |
Macquarie Group Ltd. | | | 3,150 | | | 479,922 |
National Australia Bank Ltd. | | | 26,973 | | | 688,734 |
Origin Energy Ltd. | | | 15,050 | | | 95,379 |
QBE Insurance Group Ltd. | | | 13,109 | | | 148,471 |
REA Group Ltd. | | | 440 | | | 65,708 |
Rio Tinto Ltd. | | | 3,261 | | | 256,046 |
Santos Ltd. | | | 28,424 | | | 126,825 |
Sonic Healthcare Ltd. | | | 4,220 | | | 74,789 |
South32 Ltd. | | | 39,660 | | | 96,049 |
Suncorp Group Ltd. | | | 11,183 | | | 131,883 |
Telstra Group Ltd. | | | 35,408 | | | 89,014 |
Transurban Group | | | 27,224 | | | 227,713 |
Wesfarmers Ltd. | | | 9,938 | | | 440,023 |
Westpac Banking Corp. | | | 30,308 | | | 640,654 |
WiseTech Global Ltd. | | | 1,656 | | | 128,903 |
Woodside Energy Group Ltd. - ADR(a) | | | 16,412 | | | 258,489 |
Woolworths Group Ltd. | | | 10,670 | | | 210,376 |
| | | | | | 9,126,332 |
Austria - 0.2%
| | | | | | |
Andritz AG | | | 610 | | | 36,726 |
Erste Group Bank AG | | | 2,925 | | | 164,619 |
OMV AG | | | 1,200 | | | 49,732 |
Telekom Austria AG | | | 675 | | | 5,602 |
Verbund AG | | | 713 | | | 58,323 |
| | | | | | 315,002 |
Belgium - 0.6%
| | | | | | |
Anheuser-Busch InBev SA/NV - ADR(a) | | | 7,887 | | | 468,251 |
KBC Groep NV | | | 2,260 | | | 163,920 |
UCB SA | | | 1,028 | | | 197,699 |
| | | | | | 829,870 |
Canada - 10.1%
| | | | | | |
Agnico Eagle Mines Ltd.(a) | | | 4,421 | | | 381,488 |
Alimentation Couche-Tard, Inc. | | | 6,907 | | | 360,195 |
Bank of Montreal | | | 6,443 | | | 587,086 |
Barrick Gold Corp. | | | 15,410 | | | 297,721 |
BCE, Inc. | | | 2,672 | | | 86,199 |
Brookfield Corp. | | | 12,632 | | | 669,496 |
Canadian Imperial Bank of Commerce(a) | | | 8,230 | | | 514,869 |
Canadian National Railway Co. | | | 4,890 | | | 527,729 |
| | | | | | | |
| | | | | | | |
Canadian Natural Resources Ltd. | | | 18,669 | | | $635,119 |
Canadian Pacific Kansas City Ltd.(a) | | | 8,219 | | | 634,178 |
Cenovus Energy, Inc. | | | 11,434 | | | 183,744 |
CGI, Inc.(b) | | | 1,781 | | | 197,174 |
Constellation Software, Inc. | | | 177 | | | 533,795 |
Dollarama, Inc. | | | 2,472 | | | 257,240 |
Enbridge, Inc.(a) | | | 19,072 | | | 770,509 |
Fairfax Financial Holdings Ltd. | | | 206 | | | 255,993 |
Fortis, Inc. | | | 4,386 | | | 189,607 |
Franco-Nevada Corp. | | | 1,716 | | | 227,645 |
Great-West Lifeco, Inc. | | | 2,403 | | | 80,632 |
Imperial Oil Ltd.(a) | | | 1,475 | | | 109,858 |
Intact Financial Corp. | | | 1,576 | | | 300,972 |
Loblaw Cos. Ltd. | | | 1,272 | | | 160,824 |
Manulife Financial Corp. | | | 15,545 | | | 454,069 |
National Bank of Canada | | | 2,981 | | | 284,323 |
Nutrien Ltd. | | | 4,323 | | | 206,121 |
Restaurant Brands International, Inc. | | | 2,754 | | | 191,541 |
Rogers Communications, Inc. -
Class B | | | 3,367 | | | 122,289 |
Royal Bank of Canada | | | 12,467 | | | 1,507,136 |
Shopify, Inc. - Class A(a)(b) | | | 10,604 | | | 829,339 |
South Bow Corp.(b) | | | 1,813 | | | 45,252 |
Sun Life Financial, Inc. | | | 5,104 | | | 282,864 |
Suncor Energy, Inc. | | | 11,102 | | | 419,322 |
TC Energy Corp. | | | 9,067 | | | 421,706 |
Teck Resources Ltd. - Class B | | | 4,006 | | | 186,239 |
TELUS Corp.(a) | | | 4,273 | | | 67,556 |
The Bank of Nova Scotia | | | 10,730 | | | 552,488 |
The Toronto-Dominion Bank | | | 15,407 | | | 851,545 |
Thomson Reuters Corp. | | | 1,165 | | | 190,641 |
Wheaton Precious Metals Corp. | | | 3,928 | | | 259,287 |
| | | | | | 14,833,791 |
Denmark - 2.5%
| | | | | | |
AP Moller - Maersk AS - Class A | | | 20 | | | 30,418 |
AP Moller - Maersk AS - Class B | | | 40 | | | 62,995 |
Coloplast AS - Class B | | | 1,062 | | | 132,437 |
DSV AS | | | 1,523 | | | 331,017 |
Novo Nordisk AS - ADR | | | 27,674 | | | 3,098,104 |
| | | | | | 3,654,971 |
Finland - 0.8%
| | | | | | |
Kone Oyj - Class B | | | 3,533 | | | 193,150 |
Neste Oyj | | | 3,773 | | | 60,248 |
Nokia Oyj - ADR(a) | | | 46,634 | | | 219,646 |
Nordea Bank Abp | | | 30,701 | | | 359,322 |
Sampo Oyj - Class A | | | 4,585 | | | 202,984 |
UPM-Kymmene Oyj | | | 4,648 | | | 136,154 |
| | | | | | 1,171,504 |
France - 7.9%
| | | | | | |
Air Liquide SA | | | 5,115 | | | 916,141 |
AXA SA | | | 15,072 | | | 565,940 |
BNP Paribas SA | | | 8,802 | | | 600,791 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot International ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
France - (Continued)
|
Christian Dior SE | | | 30 | | | $18,519 |
Credit Agricole SA | | | 8,795 | | | 134,748 |
Danone SA | | | 5,581 | | | 398,847 |
Dassault Systemes SE | | | 5,700 | | | 195,057 |
Engie SA | | | 15,316 | | | 256,813 |
EssilorLuxottica SA | | | 2,558 | | | 599,342 |
Hermes International SCA | | | 302 | | | 681,309 |
Kering | | | 603 | | | 150,106 |
L’Oreal SA | | | 2,038 | | | 763,144 |
LVMH Moet Hennessy Louis Vuitton SE - ADR | | | 11,200 | | | 1,485,008 |
Pernod Ricard SA | | | 1,703 | | | 211,641 |
Safran SA | | | 3,002 | | | 678,555 |
Sanofi SA - ADR | | | 19,435 | | | 1,027,723 |
Schneider Electric SE - ADR(a) | | | 23,634 | | | 1,221,641 |
TotalEnergies SE - ADR(a) | | | 19,880 | | | 1,243,693 |
Vinci SA | | | 4,440 | | | 496,000 |
| | | | | | 11,645,018 |
Germany - 6.7%
| | | | | | |
adidas AG | | | 1,470 | | | 350,818 |
Allianz SE | | | 3,450 | | | 1,086,041 |
BASF SE | | | 7,862 | | | 381,799 |
Bayer AG - ADR | | | 34,448 | | | 233,213 |
Bayerische Motoren Werke AG | | | 2,468 | | | 194,148 |
Beiersdorf AG | | | 840 | | | 113,300 |
Daimler AG | | | 6,703 | | | 406,119 |
Daimler Truck Holding AG | | | 4,511 | | | 186,509 |
Deutsche Boerse AG | | | 1,672 | | | 388,659 |
Deutsche Post AG | | | 8,059 | | | 323,734 |
Deutsche Telekom AG | | | 30,615 | | | 926,446 |
E.ON SE | | | 19,710 | | | 266,172 |
Hannover Rueck SE | | | 515 | | | 135,286 |
Hapag-Lloyd AG(c) | | | 72 | | | 12,672 |
Henkel AG & Co. KGaA | | | 840 | | | 65,513 |
Infineon Technologies AG | | | 11,390 | | | 359,604 |
Merck KGaA | | | 1,104 | | | 182,533 |
Muenchener Rueckversicherungs-Gesellschaft AG | | | 1,187 | | | 607,102 |
SAP SE - ADR(a) | | | 8,974 | | | 2,096,685 |
Siemens AG - ADR | | | 13,251 | | | 1,286,275 |
Siemens Healthineers AG(c) | | | 2,503 | | | 130,605 |
Volkswagen AG | | | 250 | | | 24,882 |
| | | | | | 9,758,115 |
Hong Kong - 1.8%
| | | | | | |
AIA Group Ltd. - ADR | | | 24,460 | | | 776,116 |
BOC Hong Kong Holdings Ltd. | | | 31,497 | | | 102,909 |
Budweiser Brewing Co. APAC Ltd.(c) | | | 14,643 | | | 15,276 |
CK Asset Holdings Ltd. | | | 16,201 | | | 66,375 |
CK Hutchison Holdings Ltd. | | | 23,529 | | | 123,787 |
CK Infrastructure Holdings Ltd. | | | 5,166 | | | 36,548 |
CLP Holdings Ltd. | | | 14,600 | | | 124,044 |
| | | | | | | |
| | | | | | | |
Galaxy Entertainment Group Ltd. | | | 18,023 | | | $80,099 |
Hang Seng Bank Ltd. | | | 6,300 | | | 77,067 |
Henderson Land Development Co.
Ltd. | | | 11,136 | | | 35,883 |
Hong Kong & China Gas Co. Ltd. | | | 94,775 | | | 73,512 |
Hong Kong Exchanges & Clearing Ltd. | | | 10,455 | | | 417,979 |
Jardine Matheson Holdings Ltd. | | | 1,854 | | | 71,379 |
MTR Corp. Ltd. | | | 13,629 | | | 49,614 |
Power Assets Holdings Ltd. | | | 11,960 | | | 79,614 |
Prudential PLC - ADR(a) | | | 11,919 | | | 197,617 |
Sun Hung Kai Properties Ltd. | | | 13,237 | | | 143,283 |
Techtronic Industries Co. Ltd. | | | 11,456 | | | 165,339 |
| | | | | | 2,636,441 |
Ireland - 0.7%
| | | | | | |
Experian PLC | | | 8,048 | | | 391,960 |
ICON PLC(b) | | | 721 | | | 160,141 |
James Hardie Industries PLC(b) | | | 3,745 | | | 120,419 |
Kerry Group PLC - Class A | | | 1,330 | | | 132,374 |
Kingspan Group PLC | | | 1,339 | | | 117,467 |
Ryanair Holdings PLC - ADR(a) | | | 1,957 | | | 86,617 |
| | | | | | 1,008,978 |
Israel - 1.0%
| | | | | | |
Azrieli Group Ltd. | | | 315 | | | 24,160 |
Bank Hapoalim BM | | | 11,730 | | | 122,655 |
Bank Leumi Le-Israel BM | | | 13,234 | | | 134,946 |
Bezeq The Israeli Telecommunication Corp. Ltd. | | | 17,171 | | | 22,060 |
Camtek Ltd. | | | 206 | | | 16,318 |
Check Point Software Technologies Ltd.(b) | | | 803 | | | 139,088 |
CyberArk Software Ltd.(b) | | | 389 | | | 107,566 |
Elbit Systems Ltd. | | | 216 | | | 49,446 |
First International Bank Of Israel Ltd. | | | 450 | | | 20,034 |
Global-e Online Ltd.(a)(b) | | | 913 | | | 35,096 |
ICL Group Ltd. | | | 6,139 | | | 25,391 |
Isracard Ltd. | | | 1 | | | 3 |
Israel Discount Bank Ltd. - Class A | | | 10,823 | | | 63,829 |
JFrog Ltd.(b) | | | 781 | | | 22,789 |
Melisron Ltd. | | | 218 | | | 17,362 |
Mizrahi Tefahot Bank Ltd. | | | 1,377 | | | 56,990 |
Monday.com Ltd.(b) | | | 317 | | | 93,157 |
Nice Ltd. - ADR(a)(b) | | | 547 | | | 95,014 |
Nova Ltd.(b) | | | 246 | | | 46,230 |
Phoenix Holdings Ltd. | | | 1,450 | | | 16,827 |
Teva Pharmaceutical Industries Ltd. - ADR(b) | | | 9,943 | | | 183,349 |
Tower Semiconductor Ltd.(b) | | | 952 | | | 40,038 |
Wix.com Ltd.(b) | | | 492 | | | 82,223 |
| | | | | | 1,414,571 |
Italy - 2.1%
| | | | | | |
Davide Campari-Milano NV | | | 4,959 | | | 33,325 |
Enel SpA | | | 67,642 | | | 512,835 |
Eni SpA | | | 19,035 | | | 290,123 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot International ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Italy - (Continued)
|
Ferrari NV | | | 973 | | | $465,475 |
Generali | | | 9,513 | | | 264,385 |
Intesa Sanpaolo SpA | | | 140,971 | | | 603,703 |
PRADA SpA | | | 4,360 | | | 33,398 |
Prysmian SpA | | | 2,575 | | | 181,558 |
UniCredit SpA | | | 14,357 | | | 635,292 |
| | | | | | 3,020,094 |
Japan - 22.5%
| | | | | | |
Advantest Corp. | | | 6,721 | | | 404,658 |
Aeon Co. Ltd. | | | 7,614 | | | 187,418 |
Aisin Corp. | | | 5,610 | | | 59,168 |
Ajinomoto Co., Inc. | | | 4,189 | | | 162,774 |
ANA Holdings, Inc. | | | 1,369 | | | 27,121 |
Asahi Group Holdings Ltd. | | | 13,248 | | | 160,390 |
Asahi Kasei Corp. | | | 12,161 | | | 84,800 |
Asics Corp. | | | 6,701 | | | 119,695 |
Astellas Pharma, Inc. | | | 15,901 | | | 187,905 |
Bandai Namco Holdings, Inc. | | | 5,773 | | | 122,421 |
Bridgestone Corp. | | | 5,082 | | | 183,526 |
Canon, Inc. | | | 8,416 | | | 277,173 |
Capcom Co. Ltd. | | | 2,955 | | | 59,551 |
Central Japan Railway Co. | | | 9,068 | | | 190,264 |
Chubu Electric Power Co., Inc. | | | 6,650 | | | 76,812 |
Chugai Pharmaceutical Co. Ltd. | | | 5,628 | | | 271,881 |
Dai Nippon Printing Co. Ltd. | | | 3,917 | | | 68,832 |
Dai-ichi Life Holdings, Inc. | | | 8,412 | | | 213,926 |
Daiichi Sankyo Co. Ltd. | | | 17,094 | | | 560,387 |
Daikin Industries Ltd. | | | 2,613 | | | 320,735 |
Daiwa House Industry Co. Ltd. | | | 5,454 | | | 164,079 |
Daiwa Securities Group, Inc. | | | 12,060 | | | 80,723 |
Denso Corp. | | | 18,485 | | | 269,720 |
Dentsu Group, Inc. | | | 1,957 | | | 60,974 |
Disco Corp. | | | 864 | | | 252,877 |
East Japan Railway Co. | | | 9,957 | | | 201,185 |
Eisai Co. Ltd. | | | 2,620 | | | 89,288 |
ENEOS Holdings, Inc. | | | 26,608 | | | 135,965 |
FANUC Corp. | | | 8,218 | | | 222,677 |
Fast Retailing Co. Ltd. | | | 1,823 | | | 594,149 |
Fujifilm Holdings Corp. | | | 10,872 | | | 263,249 |
Fujitsu Ltd. | | | 15,103 | | | 294,525 |
Hitachi Ltd. | | | 40,608 | | | 1,048,742 |
Honda Motor Co. Ltd. - ADR(a) | | | 14,101 | | | 427,401 |
Hoya Corp. | | | 3,088 | | | 421,211 |
Inpex Corp. | | | 8,488 | | | 112,482 |
Isuzu Motors Ltd. | | | 5,292 | | | 69,537 |
ITOCHU Corp. | | | 12,737 | | | 641,544 |
Japan Exchange Group, Inc. | | | 9,210 | | | 110,018 |
Japan Post Bank Co. Ltd. | | | 12,003 | | | 108,386 |
Japan Post Holdings Co. Ltd. | | | 16,845 | | | 157,153 |
Japan Tobacco, Inc. | | | 9,666 | | | 272,345 |
JFE Holdings, Inc. | | | 5,589 | | | 68,051 |
Kansai Electric Power Co., Inc. | | | 7,022 | | | 113,459 |
| | | | | | | |
| | | | | | | |
KAJIMA Corp. | | | 3,917 | | | $68,407 |
Kawasaki Kisen Kaisha Ltd. | | | 5,874 | | | 82,172 |
KDDI Corp. | | | 12,503 | | | 393,177 |
Keyence Corp. | | | 1,754 | | | 805,542 |
Kikkoman Corp. | | | 8,462 | | | 100,944 |
Kirin Holdings Co. Ltd. | | | 7,123 | | | 105,387 |
Komatsu Ltd. | | | 8,484 | | | 223,966 |
Konami Group Corp. | | | 884 | | | 81,977 |
Kubota Corp. | | | 9,245 | | | 119,959 |
Kyocera Corp. | | | 12,325 | | | 127,598 |
Kyowa Kirin Co. Ltd. | | | 2,262 | | | 37,561 |
Lasertec Corp. | | | 727 | | | 112,323 |
LY Corp. | | | 23,428 | | | 64,668 |
Makita Corp. | | | 2,472 | | | 82,210 |
Marubeni Corp. | | | 14,644 | | | 223,891 |
Mitsubishi Chemical Group Corp. | | | 12,583 | | | 68,803 |
Mitsubishi Corp. | | | 36,563 | | | 682,338 |
Mitsubishi Electric Corp. | | | 18,563 | | | 291,689 |
Mitsubishi Estate Co. Ltd. | | | 11,256 | | | 169,536 |
Mitsubishi HC Capital, Inc. | | | 8,436 | | | 57,215 |
Mitsubishi Heavy Industries Ltd. | | | 29,555 | | | 426,577 |
Mitsubishi UFJ Financial Group, Inc. - ADR | | | 108,021 | | | 1,142,862 |
Mitsui & Co. Ltd. | | | 26,567 | | | 552,882 |
Mitsui Fudosan Co. Ltd. | | | 24,625 | | | 214,906 |
Mitsui OSK Lines Ltd. | | | 3,187 | | | 109,554 |
Mizuho Financial Group, Inc. | | | 22,277 | | | 470,934 |
MS&AD Insurance Group Holdings,
Inc. | | | 11,559 | | | 261,626 |
Murata Manufacturing Co. Ltd. | | | 16,240 | | | 289,336 |
NEC Corp. | | | 2,420 | | | 210,798 |
Nexon Co. Ltd. | | | 3,650 | | | 64,369 |
NIDEC CORP | | | 9,145 | | | 185,139 |
Nintendo Co. Ltd. - ADR | | | 41,547 | | | 549,251 |
Nippon Paint Holdings Co. Ltd. | | | 9,381 | | | 72,485 |
Nippon Steel Corp. | | | 8,593 | | | 173,568 |
Nippon Telegraph & Telephone Corp. | | | 261,795 | | | 254,489 |
Nippon Yusen KK | | | 4,048 | | | 136,887 |
Nissan Motor Co. Ltd. | | | 20,102 | | | 54,403 |
Nissin Foods Holdings Co. Ltd. | | | 2,139 | | | 58,001 |
Nitori Holdings Co. Ltd. | | | 745 | | | 94,388 |
Nitto Denko Corp. | | | 6,402 | | | 107,803 |
Nomura Holdings, Inc. - ADR | | | 25,636 | | | 132,794 |
Nomura Research Institute Ltd. | | | 3,838 | | | 115,994 |
NTT Data Group Corp. | | | 5,008 | | | 80,555 |
Obic Co. Ltd. | | | 2,854 | | | 93,750 |
Olympus Corp. | | | 10,287 | | | 183,513 |
Oracle Corp. Japan | | | 292 | | | 28,222 |
Oriental Land Co. Ltd. | | | 10,680 | | | 260,428 |
ORIX Corp. | | | 10,082 | | | 216,981 |
Otsuka Corp. | | | 1,957 | | | 44,256 |
Otsuka Holdings Co. Ltd. | | | 4,642 | | | 283,274 |
Pan Pacific International Holdings Corp. | | | 4,640 | | | 116,901 |
Panasonic Holdings Corp. | | | 20,242 | | | 164,931 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot International ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Japan - (Continued)
|
Rakuten Group, Inc.(b) | | | 12,957 | | | $78,685 |
Recruit Holdings Co. Ltd. | | | 14,433 | | | 905,553 |
Renesas Electronics Corp. | | | 14,267 | | | 198,127 |
Resona Holdings, Inc. | | | 20,393 | | | 136,902 |
Secom Co. Ltd. | | | 3,602 | | | 129,462 |
Sekisui House Ltd. | | | 5,840 | | | 142,829 |
Seven & i Holdings Co. Ltd. | | | 20,971 | | | 303,509 |
Shimadzu Corp. | | | 2,447 | | | 73,310 |
Shimano, Inc. | | | 700 | | | 104,880 |
Shin-Etsu Chemical Co. Ltd. | | | 17,541 | | | 664,397 |
Shionogi & Co. Ltd. | | | 7,167 | | | 103,255 |
Shiseido Co. Ltd. | | | 3,503 | | | 77,465 |
SMC Corp. | | | 535 | | | 233,099 |
SoftBank Corp. | | | 246,369 | | | 312,623 |
SoftBank Group Corp. - ADR(a) | | | 18,530 | | | 553,491 |
Sompo Holdings, Inc. | | | 8,685 | | | 190,002 |
Sony Group Corp. - ADR(a) | | | 55,113 | | | 969,989 |
Subaru Corp. | | | 5,232 | | | 95,780 |
Sumitomo Corp. | | | 10,709 | | | 228,713 |
Sumitomo Electric Industries Ltd. | | | 6,955 | | | 109,058 |
Sumitomo Metal Mining Co. Ltd. | | | 2,426 | | | 68,514 |
Sumitomo Mitsui Financial Group, Inc. - ADR(a) | | | 57,791 | | | 737,991 |
Sumitomo Mitsui Trust Holdings, Inc. | | | 6,304 | | | 140,153 |
Sumitomo Realty & Development Co. Ltd. | | | 4,155 | | | 125,793 |
Suntory Beverage & Food Ltd. | | | 1,082 | | | 36,781 |
Suzuki Motor Corp. | | | 17,215 | | | 174,767 |
Sysmex Corp. | | | 4,173 | | | 78,371 |
T&D Holdings, Inc. | | | 4,741 | | | 77,025 |
Taiyo Nippon Sanso Corp. | | | 1,808 | | | 63,995 |
Takeda Pharmaceutical Co. Ltd. - ADR(a) | | | 27,891 | | | 388,801 |
TDK Corp. | | | 17,020 | | | 206,393 |
Terumo Corp. | | | 13,012 | | | 252,164 |
Tokio Marine Holdings, Inc. | | | 17,309 | | | 634,306 |
Tokyo Electron Ltd. - ADR | | | 8,345 | | | 621,452 |
Tokyo Gas Co. Ltd. | | | 3,135 | | | 77,766 |
Toray Industries, Inc. | | | 14,286 | | | 78,623 |
Toyota Industries Corp. | | | 1,610 | | | 114,281 |
Toyota Motor Corp. - ADR(a) | | | 10,927 | | | 1,890,590 |
Toyota Tsusho Corp. | | | 6,266 | | | 108,997 |
Unicharm Corp. | | | 3,755 | | | 121,369 |
West Japan Railway Co. | | | 4,264 | | | 76,109 |
Yamaha Motor Co. Ltd. | | | 9,224 | | | 82,199 |
Yaskawa Electric Corp. | | | 2,377 | | | 69,696 |
| | | | | | 32,989,366 |
Luxembourg - 0.0%(d)
| | | | | | |
Tenaris SA - ADR | | | 1,969 | | | 64,741 |
Macao - 0.0%(d)
| | | | | | |
Sands China Ltd.(b) | | | 20,646 | | | 52,637 |
| | | | | | | |
| | | | | | | |
Netherlands - 5.4%
| | | | | | |
Adyen NV(b)(c) | | | 276 | | | $422,227 |
Airbus Group SE | | | 5,403 | | | 823,735 |
Argenx SE - ADR(b) | | | 527 | | | 308,980 |
ASML Holding NV | | | 3,549 | | | 2,386,880 |
Ferrovial SE | | | 4,329 | | | 173,663 |
Heineken NV | | | 2,468 | | | 202,684 |
ING Groep NV - ADR | | | 28,933 | | | 490,414 |
Prosus NV | | | 12,164 | | | 512,650 |
Shell PLC - ADR(a) | | | 27,436 | | | 1,853,302 |
Stellantis NV | | | 19,347 | | | 265,079 |
Universal Music Group NV | | | 6,707 | | | 168,381 |
Wolters Kluwer NV | | | 2,220 | | | 373,570 |
| | | | | | 7,981,565 |
New Zealand - 0.3%
| | | | | | |
Auckland International Airport Ltd. | | | 11,561 | | | 50,443 |
Fisher & Paykel Healthcare Corp. Ltd. | | | 5,155 | | | 110,890 |
Infratil Ltd. | | | 8,432 | | | 63,502 |
Mercury NZ Ltd. | | | 5,662 | | | 22,369 |
Meridian Energy Ltd. | | | 11,060 | | | 39,366 |
Spark New Zealand Ltd. | | | 15,680 | | | 27,272 |
Xero Ltd.(b) | | | 1,303 | | | 128,197 |
| | | | | | 442,039 |
Norway - 0.6%
| | | | | | |
Aker BP ASA | | | 2,741 | | | 58,457 |
DNB Bank ASA | | | 7,604 | | | 157,054 |
Equinor ASA - ADR(a) | | | 6,864 | | | 161,167 |
Gjensidige Forsikring ASA | | | 1,618 | | | 29,197 |
Kongsberg Gruppen ASA | | | 753 | | | 78,379 |
Mowi ASA | | | 3,890 | | | 66,854 |
Norsk Hydro ASA | | | 11,452 | | | 70,481 |
Orkla ASA | | | 6,593 | | | 60,954 |
Salmar ASA | | | 600 | | | 30,436 |
Telenor ASA | | | 5,563 | | | 68,322 |
Var Energi ASA | | | 8,076 | | | 25,366 |
Yara International ASA | | | 1,401 | | | 42,131 |
| | | | | | 848,798 |
Portugal - 0.1%
| | | | | | |
EDP SA | | | 26,385 | | | 103,665 |
Galp Energia SGPS SA | | | 3,814 | | | 65,010 |
| | | | | | 168,675 |
Singapore - 1.3%
| | | | | | |
CapitaLand Investment Ltd./Singapore | | | 20,349 | | | 43,302 |
DBS Group Holdings Ltd. | | | 17,671 | | | 517,350 |
Grab Holdings Ltd. - Class A(b) | | | 21,207 | | | 86,525 |
Oversea-Chinese Banking Corp. Ltd. | | | 33,618 | | | 386,715 |
Sea Ltd. - ADR(b) | | | 3,025 | | | 284,501 |
Singapore Airlines Ltd. | | | 12,019 | | | 58,798 |
Singapore Technologies Engineering Ltd. | | | 13,002 | | | 44,702 |
Singapore Telecommunications Ltd. | | | 65,096 | | | 154,298 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot International ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Singapore - (Continued)
|
United Overseas Bank Ltd. | | | 13,448 | | | $327,518 |
Wilmar International Ltd. | | | 23,008 | | | 55,756 |
| | | | | | 1,959,465 |
South Korea - 0.2%
| | | | | | |
Coupang, Inc.(b) | | | 11,389 | | | 293,722 |
Spain - 2.2%
| | | | | | |
Amadeus IT Holding SA | | | 3,933 | | | 284,922 |
Banco Bilbao Vizcaya Argentaria SA - ADR | | | 50,306 | | | 499,539 |
Banco Santander SA - ADR | | | 136,077 | | | 661,334 |
CaixaBank SA | | | 34,436 | | | 209,389 |
Cellnex Telecom SA(c) | | | 5,101 | | | 186,988 |
EDP Renovaveis SA | | | 2,568 | | | 34,582 |
Iberdrola SA | | | 50,733 | | | 752,996 |
Industria de Diseno Textil SA | | | 9,833 | | | 559,392 |
| | | | | | 3,189,142 |
Sweden - 3.0%
| | | | | | |
Alfa Laval AB | | | 2,565 | | | 113,125 |
Assa Abloy AB - Class B | | | 8,737 | | | 272,986 |
Atlas Copco AB - Class A | | | 22,354 | | | 368,002 |
Atlas Copco AB - Class B | | | 13,684 | | | 198,494 |
Epiroc AB(b) | | | 5,535 | | | 107,744 |
Epiroc AB - Class B(b) | | | 3,416 | | | 58,640 |
EQT AB | | | 3,131 | | | 90,804 |
Essity AB - Class B | | | 5,335 | | | 150,618 |
Evolution AB(c) | | | 1,632 | | | 153,940 |
H & M Hennes & Mauritz AB -
Class B | | | 4,939 | | | 73,358 |
Hexagon AB - Class B | | | 17,876 | | | 167,073 |
Industrivarden AB - Class A | | | 1,222 | | | 42,069 |
Industrivarden AB - Class C | | | 1,387 | | | 47,646 |
Investment AB Latour - Class B | | | 1,169 | | | 32,191 |
Investor AB(b) | | | 15,976 | | | 452,010 |
INVESTOR AB SER’A’NPV - Class A(b) | | | 4,947 | | | 140,221 |
L E Lundbergforetagen AB - Class B | | | 620 | | | 30,638 |
Nibe Industrier AB - Class B(b) | | | 13,444 | | | 64,908 |
Sandvik AB | | | 9,482 | | | 185,999 |
Skandinaviska Enskilda Banken AB - Class A | | | 14,416 | | | 203,564 |
Skandinaviska Enskilda Banken AB - Class C | | | 179 | | | 2,564 |
Spotify Technology SA(b) | | | 1,292 | | | 497,549 |
Svenska Handelsbanken AB - Class A | | | 13,602 | | | 141,452 |
Svenska Handelsbanken AB - Class B | | | 302 | | | 4,068 |
Swedbank AB - Class A | | | 8,006 | | | 162,456 |
Telefonaktiebolaget LM Ericsson - ADR(a) | | | 27,214 | | | 228,053 |
Volvo AB - Class A | | | 1,628 | | | 42,631 |
Volvo AB - Class B | | | 13,952 | | | 362,335 |
| | | | | | 4,395,138 |
| | | | | | | |
| | | | | | | |
Switzerland - 7.9%
| | | | | | |
ABB Ltd. | | | 14,060 | | | $779,890 |
Alcon AG | | | 4,353 | | | 401,148 |
Cie Financiere Richemont SA | | | 4,706 | | | 683,107 |
Glencore PLC | | | 86,530 | | | 453,336 |
Holcim AG | | | 4,645 | | | 457,642 |
Kuehne + Nagel International AG | | | 482 | | | 120,340 |
Lonza Group AG | | | 630 | | | 388,557 |
Nestle SA - ADR(a) | | | 22,989 | | | 2,172,920 |
Novartis AG - ADR(a) | | | 17,348 | | | 1,880,523 |
Roche Holding AG - ADR | | | 51,666 | | | 2,005,158 |
Sika AG | | | 1,424 | | | 396,586 |
STMicroelectronics NV | | | 5,721 | | | 155,762 |
UBS Group AG | | | 28,222 | | | 867,364 |
Zurich Insurance Group AG | | | 1,288 | | | 761,867 |
| | | | | | 11,524,200 |
United Kingdom - 10.5%
| | | | | | |
3i Group PLC | | | 8,480 | | | 346,845 |
Anglo American PLC | | | 11,684 | | | 361,584 |
ARM Holdings PLC - ADR(a)(b) | | | 995 | | | 140,594 |
Ashtead Group PLC | | | 3,840 | | | 286,594 |
AstraZeneca PLC - ADR(a) | | | 27,195 | | | 1,934,924 |
BAE Systems PLC - ADR | | | 6,629 | | | 427,239 |
Barclays PLC - ADR(a) | | | 31,781 | | | 394,402 |
BP PLC - ADR | | | 24,339 | | | 714,593 |
British American Tobacco PLC - ADR | | | 17,413 | | | 609,107 |
Coca-Cola Europacific Partners PLC | | | 1,864 | | | 141,664 |
Compass Group PLC | | | 14,848 | | | 481,518 |
Diageo PLC - ADR(a) | | | 4,911 | | | 609,750 |
GSK PLC - ADR(a) | | | 18,268 | | | 671,532 |
Haleon PLC - ADR(a) | | | 30,593 | | | 296,446 |
HSBC Holdings PLC - ADR(a) | | | 32,335 | | | 1,491,614 |
Imperial Brands PLC | | | 6,985 | | | 210,490 |
Lloyds Banking Group PLC - ADR | | | 136,802 | | | 376,206 |
London Stock Exchange Group PLC | | | 4,060 | | | 550,481 |
National Grid PLC - ADR(a) | | | 8,535 | | | 542,741 |
NatWest Group PLC - ADR(a)(b) | | | 29,065 | | | 277,861 |
Reckitt Benckiser Group PLC | | | 6,091 | | | 367,885 |
RELX PLC - ADR | | | 16,341 | | | 755,281 |
Rio Tinto PLC - ADR | | | 9,367 | | | 607,825 |
Rolls-Royce Holdings PLC(b) | | | 74,535 | | | 514,571 |
SSE PLC | | | 9,610 | | | 218,218 |
Standard Chartered PLC | | | 18,248 | | | 211,864 |
Tesco PLC | | | 60,107 | | | 265,224 |
Unilever PLC - ADR(a) | | | 21,915 | | | 1,334,843 |
Vodafone Group PLC - ADR | | | 19,909 | | | 184,556 |
| | | | | | 15,326,452 |
United States - 0.3%
| | | | | | |
Waste Connections, Inc. | | | 2,281 | | | 403,167 |
TOTAL COMMON STOCKS
(Cost $121,399,633) | | | | | | 139,053,794 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot International ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
EXCHANGE TRADED FUNDS - 4.0%
|
iShares MSCI South Korea ETF(a) | | | 97,641 | | | $5,849,672 |
TOTAL EXCHANGE TRADED FUNDS
(Cost $5,908,237) | | | | | | 5,849,672 |
REAL ESTATE INVESTMENT
TRUSTS - 0.3%
|
Australia - 0.3%
| | | | | | |
Goodman Group | | | 15,335 | | | 369,769 |
Scentre Group | | | 45,557 | | | 105,233 |
| | | | | | 475,002 |
Singapore - 0.0%(d)
| | | | | | |
CapitaLand Integrated Commercial
Trust | | | 47,317 | | | 72,382 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $374,113) | | | | | | 547,384 |
PREFERRED STOCKS - 0.2%
| | | | | | |
Germany - 0.2%
| | | | | | |
Bayerische Motoren Werke AG 0.00% | | | 500 | | | 36,739 |
Dr Ing hc F Porsche AG 0.00%(c) | | | 779 | | | 54,773 |
Henkel AG & Co. KGaA 0.00% | | | 1,387 | | | 120,063 |
Volkswagen AG 0.00% | | | 1,563 | | | 151,211 |
TOTAL PREFERRED STOCKS
(Cost $421,777) | | | | | | 362,786 |
| | | Contracts | | | |
WARRANTS - 0.0%(d)
| | | | | | |
Canada - 0.0%(d)
| | | | | | |
Constellation Software, Inc./Canada, Expires 03/31/2040, Exercise Price $0.00(b)(e) | | | 162 | | | 0 |
TOTAL WARRANTS
(Cost $0) | | | | | | 0 |
| | | Units | | | |
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 18.7%
| | | | | | |
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(f) | | | 27,401,493 | | | 27,401,493 |
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $27,401,493) | | | | | | 27,401,493 |
TOTAL INVESTMENTS - 118.1%
(Cost $155,505,253) | | | | | | $173,215,129 |
Liabilities in Excess of
Other Assets - (18.1)% | | | | | | (26,649,660) |
TOTAL NET ASSETS - 100.0% | | | | | | $146,565,469 |
| | | | | | | |
Percentages are stated as a percent of net assets.
AB - Aktiebolag
ADR - American Depositary Receipt
AG - Aktiengesellschaft
AS - Aksjeselskap
ASA - Advanced Subscription Agreement
KGaA - Kommanditgesellschaft auf Aktien
NV - Naamloze Vennootschap
OYJ - Julkinen Asakeyhtio
PLC - Public Limited Company
SA - Sociedad Anónima
SA/NV - Societe Anonime/Naamloze Vennootschap
SE - Societas Europeae
SpA - Societa per Azioni
(a)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $26,469,816 which represented 18.1% of net assets. |
(b)
| Non-income producing security. |
(c)
| Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of October 31, 2024, the value of these securities total $976,481 or 0.7% of the Fund’s net assets. |
(d)
| Represents less than 0.05% of net assets. |
(e)
| Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of October 31, 2024. |
(f)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
CORPORATE BONDS - 98.2%
| | | | | | |
Communication Services - 3.8%
| | | | | | |
Altice France SA/France
| | | | | | |
8.13%, 02/01/2027(a) | | | $316,000 | | | $260,589 |
5.50%, 01/15/2028(a) | | | 191,000 | | | 147,941 |
5.13%, 07/15/2029(a) | | | 432,000 | | | 322,920 |
5.50%, 10/15/2029(a) | | | 332,000 | | | 248,303 |
AMC Entertainment Holdings, Inc.
| | | | | | |
10.00% (includes 12.00% PIK), 06/15/2026(a)(b) | | | 216,000 | | | 216,659 |
7.50%, 02/15/2029(a) | | | 176,000 | | | 151,800 |
AMC Networks, Inc.
| | | | | | |
10.25%, 01/15/2029(a)(b) | | | 145,000 | | | 149,350 |
4.25%, 02/15/2029 | | | 166,000 | | | 114,651 |
Clear Channel Outdoor Holdings, Inc.
| | | | | | |
5.13%, 08/15/2027(a) | | | 231,000 | | | 223,809 |
7.75%, 04/15/2028(a) | | | 166,000 | | | 147,795 |
9.00%, 09/15/2028(a) | | | 125,000 | | | 130,859 |
7.50%, 06/01/2029(a) | | | 176,000 | | | 150,436 |
7.88%, 04/01/2030(a) | | | 145,000 | | | 147,900 |
DISH Network Corp., 11.75%, 11/15/2027(a)(b) | | | 608,000 | | | 639,920 |
Gray Television, Inc.
| | | | | | |
7.00%, 05/15/2027(a) | | | 110,000 | | | 106,980 |
10.50%, 07/15/2029(a)(b) | | | 206,000 | | | 213,983 |
4.75%, 10/15/2030(a) | | | 135,000 | | | 83,936 |
5.38%, 11/15/2031(a) | | | 216,000 | | | 132,489 |
Lamar Media Corp.
| | | | | | |
3.75%, 02/15/2028 | | | 100,000 | | | 94,852 |
4.88%, 01/15/2029 | | | 70,000 | | | 67,984 |
4.00%, 02/15/2030 | | | 90,000 | | | 83,173 |
3.63%, 01/15/2031 | | | 100,000 | | | 89,281 |
Live Nation Entertainment, Inc.
| | | | | | |
6.50%, 05/15/2027(a) | | | 201,000 | | | 203,911 |
4.75%, 10/15/2027(a) | | | 186,000 | | | 180,859 |
3.75%, 01/15/2028(a) | | | 85,000 | | | 80,157 |
Lumen Technologies, Inc.
| | | | | | |
4.13%, 04/15/2030(a) | | | 100,000 | | | 85,069 |
10.00%, 10/15/2032(a) | | | 75,000 | | | 74,827 |
News Corp.
| | | | | | |
3.88%, 05/15/2029(a) | | | 166,000 | | | 154,961 |
5.13%, 02/15/2032(a) | | | 85,000 | | | 81,174 |
Paramount Global
| | | | | | |
6.25% to 02/28/2027 then
3 mo. LIBOR US + 3.90%, 02/28/2057(c) | | | 115,000 | | | 102,546 |
6.38% to 03/30/2027 then
5 yr. CMT Rate + 4.00%, 03/30/2062 | | | 171,000 | | | 158,234 |
ROBLOX Corp., 3.88%, 05/01/2030(a) | | | 166,000 | | | 150,230 |
Rogers Communications, Inc., 5.25% to 03/15/2027 then 5 yr. CMT Rate + 3.59%, 03/15/2082(a) | | | 140,000 | | | 137,480 |
| | | | | | | |
| | | | | | | |
Shutterfly Finance LLC, 9.75%, 10/01/2027(a) | | | $0 | | | $0 |
TEGNA, Inc.
| | | | | | |
4.75%, 03/15/2026(a) | | | 90,000 | | | 89,083 |
4.63%, 03/15/2028 | | | 166,000 | | | 156,329 |
5.00%, 09/15/2029 | | | 181,000 | | | 169,021 |
Vodafone Group PLC
| | | | | | |
7.00% to 04/04/2029 then 5 yr. Swap Rate USD + 4.87%, 04/04/2079 | | | 332,000 | | | 347,637 |
3.25% to 09/04/2026 then 5 yr. CMT Rate + 2.45%, 06/04/2081 | | | 85,000 | | | 81,427 |
4.13% to 06/04/2031 then 5 yr. CMT Rate + 2.77%, 06/04/2081 | | | 166,000 | | | 149,109 |
Zayo Group Holdings, Inc.
| | | | | | |
4.00%, 03/01/2027(a) | | | 246,000 | | | 218,940 |
6.13%, 03/01/2028(a)(b) | | | 181,000 | | | 155,220 |
| | | | | | 6,701,824 |
Communications - 12.7%
| | | | | | |
Altice Financing SA
| | | | | | |
5.00%, 01/15/2028(a) | | | 201,000 | | | 169,822 |
5.75%, 08/15/2029(a) | | | 342,000 | | | 279,332 |
Altice France Holding SA, 10.50%, 05/15/2027(a) | | | 402,000 | | | 122,108 |
Arches Buyer, Inc.
| | | | | | |
4.25%, 06/01/2028(a) | | | 171,000 | | | 156,191 |
6.13%, 12/01/2028(a) | | | 90,000 | | | 78,885 |
British Telecommunications PLC
| | | | | | |
4.25% to 02/23/2027 then 5 yr. CMT Rate + 2.99%, 11/23/2081(a) | | | 100,000 | | | 96,574 |
4.88% to 11/23/2031 then 5 yr. CMT Rate + 3.49%, 11/23/2081(a) | | | 95,000 | | | 87,336 |
CCO Holdings LLC/CCO Holdings Capital Corp.
| | | | | | |
5.50%, 05/01/2026(a) | | | 125,000 | | | 124,637 |
5.13%, 05/01/2027(a)(b) | | | 568,000 | | | 556,038 |
5.00%, 02/01/2028(a) | | | 442,000 | | | 427,856 |
5.38%, 06/01/2029(a) | | | 251,000 | | | 240,019 |
6.38%, 09/01/2029(a) | | | 266,000 | | | 263,340 |
4.75%, 03/01/2030(a) | | | 503,000 | | | 457,579 |
4.50%, 08/15/2030(a) | | | 457,000 | | | 408,018 |
4.25%, 02/01/2031(a) | | | 498,000 | | | 432,015 |
7.38%, 03/01/2031(a)(b) | | | 181,000 | | | 183,941 |
4.75%, 02/01/2032(a) | | | 201,000 | | | 174,460 |
4.50%, 05/01/2032 | | | 482,000 | | | 409,700 |
4.50%, 06/01/2033(a) | | | 291,000 | | | 242,384 |
4.25%, 01/15/2034(a) | | | 332,000 | | | 265,322 |
CMG Media Corp., 8.88%, 12/15/2027(a) | | | 201,000 | | | 146,762 |
Cogent Communications Group LLC
| | | | | | |
3.50%, 05/01/2026(a) | | | 90,000 | | | 87,553 |
7.00%, 06/15/2027(a) | | | 75,000 | | | 75,770 |
Connect Finco SARL/Connect US Finco LLC, 9.00%, 09/15/2029(a)(b) | | | 326,000 | | | 309,517 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Communications - (Continued)
|
Consolidated Communications, Inc., 6.50%, 10/01/2028(a) | | | $186,000 | | | $176,695 |
CSC Holdings LLC
| | | | | | |
5.50%, 04/15/2027(a) | | | 231,000 | | | 205,590 |
5.38%, 02/01/2028(a) | | | 166,000 | | | 142,025 |
7.50%, 04/01/2028(a) | | | 176,000 | | | 116,160 |
11.25%, 05/15/2028(a) | | | 166,000 | | | 161,850 |
11.75%, 01/31/2029(a) | | | 367,000 | | | 358,284 |
6.50%, 02/01/2029(a) | | | 291,000 | | | 246,077 |
5.75%, 01/15/2030(a) | | | 377,000 | | | 199,339 |
4.13%, 12/01/2030(a) | | | 196,000 | | | 144,604 |
4.63%, 12/01/2030(a) | | | 392,000 | | | 197,960 |
3.38%, 02/15/2031(a) | | | 166,000 | | | 119,110 |
4.50%, 11/15/2031(a) | | | 251,000 | | | 184,158 |
Directv Financing LLC, 8.88%, 02/01/2030(a)(b) | | | 125,000 | | | 123,372 |
Directv Financing LLC/Directv Financing Co.-Obligor, Inc., 5.88%, 08/15/2027(a) | | | 613,000 | | | 590,779 |
DISH DBS Corp.
| | | | | | |
7.75%, 07/01/2026 | | | 357,000 | | | 301,665 |
5.25%, 12/01/2026(a) | | | 482,000 | | | 445,850 |
7.38%, 07/01/2028 | | | 166,000 | | | 121,595 |
5.75%, 12/01/2028(a) | | | 437,000 | | | 381,829 |
5.13%, 06/01/2029 | | | 251,000 | | | 166,789 |
Frontier Communications Holdings LLC
|
5.88%, 10/15/2027(a) | | | 191,000 | | | 190,746 |
5.00%, 05/01/2028(a) | | | 281,000 | | | 276,498 |
6.75%, 05/01/2029(a) | | | 166,000 | | | 165,170 |
5.88%, 11/01/2029 | | | 125,000 | | | 122,344 |
6.00%, 01/15/2030(a)(b) | | | 166,000 | | | 162,310 |
8.75%, 05/15/2030(a) | | | 201,000 | | | 212,729 |
8.63%, 03/15/2031(a) | | | 125,000 | | | 134,004 |
Go Daddy Operating Co. LLC/GD Finance Co., Inc.
| | | | | | |
5.25%, 12/01/2027(a) | | | 100,000 | | | 98,694 |
3.50%, 03/01/2029(a) | | | 140,000 | | | 129,028 |
Hughes Satellite Systems Corp.
| | | | | | |
5.25%, 08/01/2026 | | | 135,000 | | | 123,224 |
6.63%, 08/01/2026 | | | 145,000 | | | 125,425 |
iHeartCommunications, Inc.
| | | | | | |
6.38%, 05/01/2026(b) | | | 135,000 | | | 113,472 |
8.38%, 05/01/2027 | | | 196,000 | | | 101,920 |
5.25%, 08/15/2027(a) | | | 171,000 | | | 114,998 |
Iliad Holding SASU
| | | | | | |
6.50%, 10/15/2026(a) | | | 115,000 | | | 115,863 |
7.00%, 10/15/2028(a) | | | 150,000 | | | 152,063 |
8.50%, 04/15/2031(a) | | | 155,000 | | | 164,731 |
Intelsat Jackson Holdings SA, 6.50%, 03/15/2030(a)(b) | | | 498,000 | | | 468,120 |
LCPR Senior Secured Financing DAC
| | | | | | |
6.75%, 10/15/2027(a) | | | 206,000 | | | 192,101 |
5.13%, 07/15/2029(a) | | | 155,000 | | | 130,293 |
| | | | | | | |
| | | | | | | |
Level 3 Financing, Inc.
| | | | | | |
4.25%, 07/01/2028(a) | | | $95,000 | | | $78,969 |
10.50%, 04/15/2029(a) | | | 130,000 | | | 144,694 |
4.88%, 06/15/2029(a) | | | 171,000 | | | 146,205 |
11.00%, 11/15/2029(a) | | | 261,000 | | | 293,910 |
4.50%, 04/01/2030(a) | | | 201,000 | | | 160,267 |
10.50%, 05/15/2030(a) | | | 155,000 | | | 169,084 |
10.75%, 12/15/2030(a) | | | 110,000 | | | 123,200 |
Match Group Holdings II LLC
| | | | | | |
5.00%, 12/15/2027(a) | | | 135,000 | | | 131,711 |
3.63%, 10/01/2031(a) | | | 181,000 | | | 158,594 |
McGraw-Hill Education, Inc.
| | | | | | |
5.75%, 08/01/2028(a) | | | 150,000 | | | 146,849 |
8.00%, 08/01/2029(a) | | | 120,000 | | | 120,666 |
7.38%, 09/01/2031(a) | | | 110,000 | | | 112,697 |
Neptune Bidco US, Inc., 9.29%, 04/15/2029(a) | | | 467,000 | | | 435,814 |
Nexstar Media, Inc.
| | | | | | |
5.63%, 07/15/2027(a) | | | 286,000 | | | 280,906 |
4.75%, 11/01/2028(a) | | | 166,000 | | | 155,926 |
Optics Bidco SpA
| | | | | | |
6.38%, 11/15/2033(a) | | | 85,000 | | | 85,657 |
6.00%, 09/30/2034(a) | | | 85,000 | | | 82,689 |
7.20%, 07/18/2036(a) | | | 85,000 | | | 87,437 |
7.72%, 06/04/2038(a) | | | 85,000 | | | 90,137 |
Outfront Media Capital LLC/ Outfront Media Capital Corp.
| | | | | | |
5.00%, 08/15/2027(a) | | | 110,000 | | | 108,137 |
4.25%, 01/15/2029(a) | | | 191,000 | | | 178,919 |
7.38%, 02/15/2031(a) | | | 75,000 | | | 78,936 |
Radiate Holdco LLC/Radiate Finance, Inc.
| | | | | | |
4.50%, 09/15/2026(a) | | | 150,000 | | | 129,671 |
6.50%, 09/15/2028(a) | | | 191,000 | | | 130,799 |
Scripps Escrow, Inc., 5.88%, 07/15/2027(a) | | | 85,000 | | | 74,830 |
Sinclair Television Group, Inc.
| | | | | | |
5.50%, 03/01/2030(a) | | | 85,000 | | | 58,487 |
4.13%, 12/01/2030(a) | | | 125,000 | | | 95,894 |
Sirius XM Radio, Inc.
| | | | | | |
3.13%, 09/01/2026(a) | | | 176,000 | | | 168,756 |
5.00%, 08/01/2027(a) | | | 266,000 | | | 260,385 |
4.00%, 07/15/2028(a)(b) | | | 332,000 | | | 310,553 |
5.50%, 07/01/2029(a) | | | 206,000 | | | 200,005 |
4.13%, 07/01/2030(a)(b) | | | 251,000 | | | 224,645 |
3.88%, 09/01/2031(a) | | | 251,000 | | | 215,599 |
Stagwell Global LLC, 5.63%, 08/15/2029(a) | | | 181,000 | | | 172,176 |
Sunrise FinCo I BV, 4.88%, 07/15/2031(a) | | | 206,000 | | | 188,490 |
Sunrise HoldCo IV BV, 5.50%, 01/15/2028(a) | | | 75,000 | | | 74,063 |
Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/2028(a) | | | 200,000 | | | 195,250 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Communications - (Continued)
|
Univision Communications, Inc.
| | | | | | |
6.63%, 06/01/2027(a) | | | $251,000 | | | $249,071 |
8.00%, 08/15/2028(a) | | | 241,000 | | | 244,774 |
4.50%, 05/01/2029(a) | | | 176,000 | | | 156,338 |
7.38%, 06/30/2030(a)(b) | | | 150,000 | | | 143,854 |
8.50%, 07/31/2031(a) | | | 285,000 | | | 280,101 |
Virgin Media Finance PLC, 5.00%, 07/15/2030(a) | | | 171,000 | | | 147,060 |
Virgin Media Secured Finance PLC
| | | | | | |
5.50%, 05/15/2029(a) | | | 236,000 | | | 223,102 |
4.50%, 08/15/2030(a) | | | 150,000 | | | 131,205 |
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/2028(a) | | | 65,000 | | | 62,183 |
Vmed O2 UK Financing I PLC
| | | | | | |
4.25%, 01/31/2031(a) | | | 226,000 | | | 194,473 |
4.75%, 07/15/2031(a) | | | 231,000 | | | 200,023 |
7.75%, 04/15/2032(a) | | | 125,000 | | | 125,156 |
VZ Secured Financing BV, 5.00%, 01/15/2032(a) | | | 271,000 | | | 243,125 |
Windstream Services LLC/ Windstream Escrow Finance Corp.
| | | | | | |
7.75%, 08/15/2028(a)(b) | | | 231,000 | | | 232,309 |
8.25%, 10/01/2031(a) | | | 135,000 | | | 136,709 |
Ziggo Bond Co. BV
| | | | | | |
6.00%, 01/15/2027(a) | | | 110,000 | | | 109,660 |
5.13%, 02/28/2030(a) | | | 85,000 | | | 76,832 |
Ziggo BV, 4.88%, 01/15/2030(a) | | | 166,000 | | | 153,920 |
| | | | | | 22,453,525 |
Consumer Discretionary - 18.9%
| | | | | | |
1011778 BC ULC/New Red Finance, Inc.
|
3.88%, 01/15/2028(a) | | | 256,000 | | | 243,836 |
4.38%, 01/15/2028(a) | | | 125,000 | | | 120,094 |
3.50%, 02/15/2029(a) | | | 130,000 | | | 120,126 |
6.13%, 06/15/2029(a) | | | 201,000 | | | 204,381 |
5.63%, 09/15/2029(a) | | | 85,000 | | | 84,788 |
4.00%, 10/15/2030(a) | | | 482,000 | | | 435,849 |
Adient Global Holdings Ltd.
| | | | | | |
4.88%, 08/15/2026(a) | | | 130,000 | | | 127,889 |
7.00%, 04/15/2028(a) | | | 85,000 | | | 86,275 |
8.25%, 04/15/2031(a) | | | 90,000 | | | 93,052 |
Allied Universal Holdco LLC, 7.88%, 02/15/2031(a) | | | 427,000 | | | 434,827 |
Allied Universal Holdco LLC/Allied Universal Finance Corp.
| | | | | | |
9.75%, 07/15/2027(a) | | | 176,000 | | | 176,297 |
6.00%, 06/01/2029(a)(b) | | | 196,000 | | | 179,585 |
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl
| | | | | | |
4.63%, 06/01/2028(a)(b) | | | 206,000 | | | 193,282 |
4.63%, 06/01/2028(a)(b) | | | 135,000 | | | 126,434 |
| | | | | | | |
| | | | | | | |
American Airlines, Inc.
| | | | | | |
7.25%, 02/15/2028(a)(b) | | | $125,000 | | | $126,839 |
8.50%, 05/15/2029(a) | | | 166,000 | | | 174,135 |
American Airlines, Inc./AAdvantage Loyalty IP Ltd.
| | | | | | |
5.50%, 04/20/2026(a) | | | 291,500 | | | 290,910 |
5.75%, 04/20/2029(a)(b) | | | 498,000 | | | 493,496 |
American Axle & Manufacturing, Inc.
| | | | | | |
6.50%, 04/01/2027 | | | 80,000 | | | 79,526 |
6.88%, 07/01/2028 | | | 65,000 | | | 64,276 |
5.00%, 10/01/2029(b) | | | 130,000 | | | 117,656 |
American Builders & Contractors Supply Co., Inc., 4.00%, 01/15/2028(a) | | | 155,000 | | | 147,388 |
Aramark Services, Inc., 5.00%, 02/01/2028(a) | | | 201,000 | | | 197,253 |
Asbury Automotive Group, Inc.
| | | | | | |
4.63%, 11/15/2029(a) | | | 140,000 | | | 131,050 |
4.75%, 03/01/2030 | | | 85,000 | | | 79,912 |
5.00%, 02/15/2032(a) | | | 100,000 | | | 92,310 |
Aston Martin Capital Holdings Ltd., 10.00%, 03/31/2029(a) | | | 216,000 | | | 209,664 |
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.
| | | | | | |
5.75%, 07/15/2027(a) | | | 70,000 | | | 68,731 |
4.75%, 04/01/2028(a) | | | 95,000 | | | 89,199 |
5.38%, 03/01/2029(a)(b) | | | 110,000 | | | 102,376 |
8.25%, 01/15/2030(a)(b) | | | 125,000 | | | 127,641 |
8.00%, 02/15/2031(a) | | | 90,000 | | | 91,976 |
Bath & Body Works, Inc.
| | | | | | |
5.25%, 02/01/2028 | | | 90,000 | | | 88,776 |
7.50%, 06/15/2029 | | | 85,000 | | | 87,656 |
6.63%, 10/01/2030(a) | | | 166,000 | | | 166,314 |
BCPE Ulysses Intermediate, Inc., 7.75% (includes 8.50% PIK), 04/01/2027(a) | | | 70,000 | | | 68,192 |
Belron UK Finance PLC, 5.75%, 10/15/2029(a) | | | 200,000 | | | 200,402 |
Boyd Gaming Corp.
| | | | | | |
4.75%, 12/01/2027(b) | | | 166,000 | | | 162,830 |
4.75%, 06/15/2031(a) | | | 150,000 | | | 139,608 |
Brightline East LLC, 11.00%, 01/31/2030(a)(b) | | | 236,000 | | | 212,990 |
Brookfield Residential Properties, Inc./
Brookfield Residential US LLC
|
6.25%, 09/15/2027(a) | | | 100,000 | | | 99,303 |
4.88%, 02/15/2030(a) | | | 85,000 | | | 78,940 |
Caesars Entertainment, Inc.
| | | | | | |
8.13%, 07/01/2027(a)(b) | | | 100,000 | | | 102,044 |
4.63%, 10/15/2029(a)(b) | | | 221,000 | | | 207,187 |
7.00%, 02/15/2030(a) | | | 332,000 | | | 340,531 |
6.50%, 02/15/2032(a) | | | 251,000 | | | 254,493 |
6.00%, 10/15/2032(a) | | | 200,000 | | | 195,080 |
Camelot Return Merger Sub, Inc., 8.75%, 08/01/2028(a) | | | 140,000 | | | 140,223 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Consumer Discretionary - (Continued)
|
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/2028(a) | | | $362,000 | | | $388,509 |
Carvana Co.
| | | | | | |
12.00% (includes 12.00% PIK), 12/01/2028(a) | | | 166,000 | | | 175,512 |
13.00% (includes 13.00% PIK), 06/01/2030(a) | | | 246,000 | | | 267,935 |
14.00% (includes 14.00% PIK), 06/01/2031(a) | | | 291,000 | | | 346,290 |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./ Millennium Op
| | | | | | |
5.38%, 04/15/2027 | | | 85,000 | | | 84,289 |
5.25%, 07/15/2029 | | | 85,000 | | | 81,872 |
Century Communities, Inc.
| | | | | | |
6.75%, 06/01/2027 | | | 85,000 | | | 85,511 |
3.88%, 08/15/2029(a) | | | 95,000 | | | 86,307 |
Churchill Downs, Inc.
| | | | | | |
5.50%, 04/01/2027(a) | | | 100,000 | | | 99,266 |
4.75%, 01/15/2028(a) | | | 115,000 | | | 111,549 |
5.75%, 04/01/2030(a) | | | 201,000 | | | 197,619 |
6.75%, 05/01/2031(a) | | | 100,000 | | | 101,804 |
Cinemark USA, Inc.
| | | | | | |
5.25%, 07/15/2028(a) | | | 125,000 | | | 122,656 |
7.00%, 08/01/2032(a) | | | 85,000 | | | 87,125 |
Clarios Global LP/Clarios US Finance Co.
|
6.25%, 05/15/2026(a) | | | 150,000 | | | 150,317 |
8.50%, 05/15/2027(a) | | | 326,000 | | | 326,904 |
6.75%, 05/15/2028(a) | | | 125,000 | | | 127,931 |
Cooper-Standard Automotive, Inc., 13.50% (includes 4.50% PIK), 03/31/2027(a) | | | 130,000 | | | 138,757 |
Dana, Inc.
| | | | | | |
5.38%, 11/15/2027 | | | 65,000 | | | 63,522 |
5.63%, 06/15/2028 | | | 70,000 | | | 68,075 |
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.
| | | | | | |
4.63%, 01/15/2029(a) | | | 166,000 | | | 155,003 |
6.75%, 01/15/2030(a) | | | 241,000 | | | 219,009 |
Gap, Inc.
| | | | | | |
3.63%, 10/01/2029(a) | | | 135,000 | | | 121,163 |
3.88%, 10/01/2031(a) | | | 135,000 | | | 115,722 |
Garda World Security Corp.
| | | | | | |
4.63%, 02/15/2027(a) | | | 95,000 | | | 92,466 |
9.50%, 11/01/2027(a) | | | 100,000 | | | 100,101 |
7.75%, 02/15/2028(a) | | | 70,000 | | | 72,254 |
6.00%, 06/01/2029(a) | | | 100,000 | | | 93,625 |
8.25%, 08/01/2032(a) | | | 95,000 | | | 94,547 |
Global Auto Holdings Ltd./AAG FH UK Ltd.
| | | | | | |
8.38%, 01/15/2029(a) | | | 90,000 | | | 84,261 |
8.75%, 01/15/2032(a) | | | 155,000 | | | 141,366 |
| | | | | | | |
| | | | | | | |
Goodyear Tire & Rubber Co.
| | | | | | |
5.00%, 05/31/2026 | | | $150,000 | | | $147,122 |
4.88%, 03/15/2027 | | | 145,000 | | | 139,925 |
5.00%, 07/15/2029(b) | | | 160,000 | | | 144,777 |
5.25%, 04/30/2031 | | | 100,000 | | | 87,701 |
5.25%, 07/15/2031 | | | 110,000 | | | 96,660 |
5.63%, 04/30/2033 | | | 80,000 | | | 69,117 |
Group 1 Automotive, Inc.
| | | | | | |
4.00%, 08/15/2028(a) | | | 130,000 | | | 121,638 |
6.38%, 01/15/2030(a) | | | 85,000 | | | 85,425 |
Hanesbrands, Inc.
| | | | | | |
4.88%, 05/15/2026(a) | | | 150,000 | | | 148,218 |
9.00%, 02/15/2031(a)(b) | | | 100,000 | | | 107,105 |
Hertz Corp.
| | | | | | |
4.63%, 12/01/2026(a)(b) | | | 90,000 | | | 67,597 |
12.63%, 07/15/2029(a)(b) | | | 135,000 | | | 143,238 |
5.00%, 12/01/2029(a) | | | 176,000 | | | 112,640 |
Hilton Domestic Operating Co., Inc.
| | | | | | |
5.75%, 05/01/2028(a) | | | 85,000 | | | 85,244 |
5.88%, 04/01/2029(a) | | | 95,000 | | | 95,842 |
3.75%, 05/01/2029(a) | | | 145,000 | | | 135,032 |
4.88%, 01/15/2030 | | | 166,000 | | | 161,020 |
4.00%, 05/01/2031(a) | | | 181,000 | | | 164,958 |
3.63%, 02/15/2032(a) | | | 251,000 | | | 220,227 |
6.13%, 04/01/2032(a) | | | 75,000 | | | 75,822 |
5.88%, 03/15/2033(a) | | | 166,000 | | | 166,000 |
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc
| | | | | | |
5.00%, 06/01/2029(a)(b) | | | 160,000 | | | 150,360 |
4.88%, 07/01/2031(a)(b) | | | 95,000 | | | 84,990 |
6.63%, 01/15/2032(a) | | | 160,000 | | | 160,032 |
Hilton Worldwide Finance LLC/ Hilton Worldwide Finance Corp., 4.88%, 04/01/2027 | | | 100,000 | | | 99,076 |
IHO Verwaltungs GmbH
| | | | | | |
7.75% (includes 8.50% PIK), 11/15/2030(a) | | | 100,000 | | | 100,021 |
8.00% (includes 8.75% PIK), 11/15/2032(a) | | | 100,000 | | | 100,427 |
International Game Technology PLC
| | | | | | |
4.13%, 04/15/2026(a) | | | 135,000 | | | 133,053 |
6.25%, 01/15/2027(a) | | | 155,000 | | | 156,293 |
5.25%, 01/15/2029(a) | | | 135,000 | | | 132,624 |
Jaguar Land Rover Automotive PLC
| | | | | | |
4.50%, 10/01/2027(a) | | | 145,000 | | | 139,896 |
5.88%, 01/15/2028(a) | | | 100,000 | | | 98,853 |
JetBlue Airways Corp./JetBlue Loyalty LP, 9.88%, 09/20/2031(a) | | | 332,000 | | | 345,851 |
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 4.75%, 06/01/2027(a) | | | 125,000 | | | 123,494 |
LBM Acquisition LLC, 6.25%, 01/15/2029(a) | | | 140,000 | | | 129,032 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Consumer Discretionary - (Continued)
|
LCM Investments Holdings II LLC
| | | | | | |
4.88%, 05/01/2029(a) | | | $176,000 | | | $166,320 |
8.25%, 08/01/2031(a) | | | 166,000 | | | 173,609 |
Life Time, Inc.
| | | | | | |
5.75%, 01/15/2026(a) | | | 155,000 | | | 154,915 |
8.00%, 04/15/2026(a) | | | 80,000 | | | 80,380 |
Light & Wonder International, Inc.
| | | | | | |
7.00%, 05/15/2028(a) | | | 115,000 | | | 115,437 |
7.25%, 11/15/2029(a) | | | 85,000 | | | 86,836 |
7.50%, 09/01/2031(a) | | | 95,000 | | | 97,994 |
Lithia Motors, Inc.
| | | | | | |
4.63%, 12/15/2027(a) | | | 65,000 | | | 63,060 |
3.88%, 06/01/2029(a) | | | 135,000 | | | 124,065 |
4.38%, 01/15/2031(a) | | | 90,000 | | | 82,181 |
Macy’s Retail Holdings LLC
| | | | | | |
5.88%, 03/15/2030(a) | | | 80,000 | | | 77,160 |
6.13%, 03/15/2032(a) | | | 80,000 | | | 76,271 |
Mattamy Group Corp.
| | | | | | |
5.25%, 12/15/2027(a) | | | 85,000 | | | 83,485 |
4.63%, 03/01/2030(a) | | | 115,000 | | | 107,392 |
Melco Resorts Finance Ltd.
| | | | | | |
5.25%, 04/26/2026(a) | | | 85,000 | | | 83,298 |
5.63%, 07/17/2027(a) | | | 100,000 | | | 96,991 |
5.75%, 07/21/2028(a) | | | 150,000 | | | 143,057 |
5.38%, 12/04/2029(a) | | | 191,000 | | | 175,209 |
7.63%, 04/17/2032(a) | | | 125,000 | | | 126,425 |
Merlin Entertainments Group US Holdings, Inc., 7.38%, 02/15/2031(a) | | | 85,000 | | | 83,388 |
Merlin Entertainments Ltd.,
5.75%, 06/15/2026(a) | | | 70,000 | | | 68,872 |
MGM China Holdings Ltd.
| | | | | | |
5.88%, 05/15/2026(a) | | | 125,000 | | | 124,322 |
4.75%, 02/01/2027(a) | | | 140,000 | | | 135,328 |
7.13%, 06/26/2031(a) | | | 85,000 | | | 86,367 |
MGM Resorts International
| | | | | | |
4.63%, 09/01/2026 | | | 65,000 | | | 64,289 |
5.50%, 04/15/2027 | | | 145,000 | | | 144,703 |
4.75%, 10/15/2028 | | | 140,000 | | | 135,048 |
6.13%, 09/15/2029 | | | 140,000 | | | 139,475 |
6.50%, 04/15/2032 | | | 125,000 | | | 125,000 |
Michaels Cos., Inc.
| | | | | | |
5.25%, 05/01/2028(a) | | | 140,000 | | | 100,593 |
7.88%, 05/01/2029(a) | | | 221,000 | | | 117,342 |
Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, 6.75%, 04/01/2032(a) | | | 130,000 | | | 132,121 |
Mohegan Tribal Gaming Authority
| | | | | | |
8.00%, 02/01/2026(a) | | | 196,000 | | | 194,530 |
13.25%, 12/15/2027(a) | | | 85,000 | | | 96,307 |
Motion Bondco DAC, 6.63%, 11/15/2027(a) | | | 40,000 | | | 37,739 |
| | | | | | | |
| | | | | | | |
NCL Corp. Ltd.
| | | | | | |
5.88%, 03/15/2026(a) | | | $261,000 | | | $259,499 |
5.88%, 02/15/2027(a) | | | 176,000 | | | 175,780 |
8.38%, 02/01/2028(a) | | | 100,000 | | | 104,695 |
8.13%, 01/15/2029(a) | | | 130,000 | | | 137,682 |
7.75%, 02/15/2029(a) | | | 120,000 | | | 126,667 |
NCL Finance Ltd., 6.13%, 03/15/2028(a) | | | 100,000 | | | 100,580 |
Newell Brands, Inc.
| | | | | | |
5.70%, 04/01/2026 | | | 352,000 | | | 352,616 |
6.38%, 09/15/2027 | | | 85,000 | | | 86,061 |
6.63%, 09/15/2029 | | | 100,000 | | | 101,514 |
NMG Holding Co., Inc./Neiman Marcus Group LLC, 8.50%, 10/01/2028(a) | | | 181,000 | | | 183,805 |
Nordstrom, Inc., 4.38%, 04/01/2030 | | | 125,000 | | | 113,455 |
Odeon Finco PLC, 12.75%, 11/01/2027(a) | | | 70,000 | | | 73,675 |
PetSmart, Inc./PetSmart Finance Corp.
| | | | | | |
4.75%, 02/15/2028(a) | | | 206,000 | | | 195,869 |
7.75%, 02/15/2029(a) | | | 206,000 | | | 199,797 |
Premier Entertainment Sub LLC/ Premier Entertainment Finance Corp., 5.88%, 09/01/2031(a) | | | 211,000 | | | 135,831 |
Prime Security Services Borrower LLC/Prime Finance, Inc.
| | | | | | |
5.75%, 04/15/2026(a) | | | 241,000 | | | 241,102 |
3.38%, 08/31/2027(a) | | | 166,000 | | | 156,223 |
6.25%, 01/15/2028(a) | | | 216,000 | | | 215,773 |
QVC, Inc., 6.88%, 04/15/2029(a) | | | 145,000 | | | 124,533 |
Rakuten Group, Inc.
| | | | | | |
5.13% to 04/22/2026 then 5 yr. CMT Rate + 4.58%, Perpetual(a) | | | 176,000 | | | 168,909 |
11.25%, 02/15/2027(a) | | | 301,000 | | | 326,850 |
9.75%, 04/15/2029(a) | | | 332,000 | | | 357,730 |
6.25% to 04/22/2031 then 5 yr. CMT Rate + 4.96%, Perpetual(a) | | | 181,000 | | | 163,805 |
Resorts World Las Vegas LLC/RWLV Capital, Inc.,
4.63%, 04/16/2029(a) | | | 201,000 | | | 176,987 |
Sabre GLBL, Inc.
| | | | | | |
8.63%, 06/01/2027(a) | | | 166,000 | | | 159,943 |
11.25%, 12/15/2027(a) | | | 90,000 | | | 92,561 |
Service Corp. International/US
| | | | | | |
4.63%, 12/15/2027 | | | 90,000 | | | 88,012 |
5.13%, 06/01/2029 | | | 125,000 | | | 122,750 |
3.38%, 08/15/2030 | | | 140,000 | | | 123,913 |
4.00%, 05/15/2031 | | | 135,000 | | | 121,655 |
5.75%, 10/15/2032 | | | 140,000 | | | 137,991 |
Six Flags Entertainment Corp./Six Flags Theme Parks, Inc., 6.63%, 05/01/2032(a) | | | 140,000 | | | 142,625 |
Six Flags Entertainment Corp./DE
| | | | | | |
5.50%, 04/15/2027(a) | | | 85,000 | | | 84,469 |
7.25%, 05/15/2031(a) | | | 135,000 | | | 138,375 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Consumer Discretionary - (Continued)
|
Sonic Automotive, Inc., 4.63%, 11/15/2029(a) | | | $171,000 | | | $156,999 |
Sotheby’s, 7.38%, 10/15/2027(a) | | | 125,000 | | | 122,302 |
Staples, Inc.
| | | | | | |
10.75%, 09/01/2029(a) | | | 422,000 | | | 408,285 |
12.75%, 01/15/2030(a) | | | 145,000 | | | 114,902 |
Station Casinos LLC
| | | | | | |
4.50%, 02/15/2028(a) | | | 115,000 | | | 109,805 |
4.63%, 12/01/2031(a) | | | 90,000 | | | 81,788 |
6.63%, 03/15/2032(a) | | | 95,000 | | | 95,315 |
Stena International SA
| | | | | | |
7.25%, 01/15/2031(a) | | | 115,000 | | | 119,572 |
7.63%, 02/15/2031(a) | | | 65,000 | | | 67,974 |
Studio City Finance Ltd.
| | | | | | |
6.50%, 01/15/2028(a) | | | 85,000 | | | 81,813 |
5.00%, 01/15/2029(a) | | | 241,000 | | | 217,739 |
Taylor Morrison Communities, Inc., 5.88%, 06/15/2027(a) | | | 236,000 | | | 236,524 |
Tempur Sealy International, Inc.
| | | | | | |
4.00%, 04/15/2029(a) | | | 145,000 | | | 133,409 |
3.88%, 10/15/2031(a) | | | 135,000 | | | 117,407 |
Tenneco, Inc., 8.00%, 11/17/2028(a) | | | 357,000 | | | 330,387 |
TKC Holdings, Inc.
| | | | | | |
6.88%, 05/15/2028(a) | | | 80,000 | | | 78,810 |
10.50%, 05/15/2029(a) | | | 120,000 | | | 121,463 |
Travel + Leisure Co.
| | | | | | |
6.63%, 07/31/2026(a) | | | 111,000 | | | 111,785 |
6.00%, 04/01/2027 | | | 70,000 | | | 70,671 |
4.50%, 12/01/2029(a) | | | 110,000 | | | 102,728 |
United Airlines, Inc.
| | | | | | |
4.38%, 04/15/2026(a) | | | 357,000 | | | 350,881 |
4.63%, 04/15/2029(a)(b) | | | 332,000 | | | 317,693 |
VF Corp.
| | | | | | |
2.80%, 04/23/2027 | | | 110,000 | | | 103,672 |
2.95%, 04/23/2030 | | | 125,000 | | | 107,880 |
Viking Cruises Ltd.
| | | | | | |
5.88%, 09/15/2027(a) | | | 135,000 | | | 134,137 |
7.00%, 02/15/2029(a) | | | 85,000 | | | 85,815 |
9.13%, 07/15/2031(a) | | | 130,000 | | | 140,400 |
VistaJet Malta Finance PLC/Vista Management Holding, Inc.
| | | | | | |
7.88%, 05/01/2027(a) | | | 85,000 | | | 82,424 |
9.50%, 06/01/2028(a) | | | 90,000 | | | 88,335 |
6.38%, 02/01/2030(a)(b) | | | 176,000 | | | 150,185 |
VOC Escrow Ltd., 5.00%, 02/15/2028(a) | | | 110,000 | | | 106,679 |
Wand NewCo 3, Inc., 7.63%, 01/30/2032(a) | | | 206,000 | | | 212,695 |
Williams Scotsman, Inc.
| | | | | | |
4.63%, 08/15/2028(a) | | | 85,000 | | | 80,973 |
6.63%, 06/15/2029(a) | | | 125,000 | | | 126,719 |
7.38%, 10/01/2031(a) | | | 95,000 | | | 98,061 |
| | | | | | | |
| | | | | | | |
Wynn Macau Ltd.
| | | | | | |
5.50%, 01/15/2026(a) | | | $166,000 | | | $164,074 |
5.50%, 10/01/2027(a) | | | 135,000 | | | 130,768 |
5.63%, 08/26/2028(a) | | | 226,000 | | | 216,971 |
5.13%, 12/15/2029(a) | | | 166,000 | | | 153,988 |
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.
| | | | | | |
5.13%, 10/01/2029(a) | | | 135,000 | | | 131,119 |
7.13%, 02/15/2031(a) | | | 166,000 | | | 174,593 |
6.25%, 03/15/2033(a) | | | 135,000 | | | 134,340 |
Yum! Brands, Inc.
| | | | | | |
4.75%, 01/15/2030(a) | | | 135,000 | | | 130,471 |
3.63%, 03/15/2031 | | | 176,000 | | | 159,337 |
4.63%, 01/31/2032 | | | 181,000 | | | 169,108 |
5.38%, 04/01/2032 | | | 166,000 | | | 161,519 |
ZF North America Capital, Inc.
| | | | | | |
6.88%, 04/14/2028(a) | | | 110,000 | | | 110,927 |
7.13%, 04/14/2030(a) | | | 100,000 | | | 100,539 |
6.75%, 04/23/2030(a) | | | 135,000 | | | 133,088 |
6.88%, 04/23/2032(a) | | | 115,000 | | | 112,413 |
| | | | | | 33,426,922 |
Consumer Staples - 3.4%
| | | | | | |
B&G Foods, Inc.
| | | | | | |
5.25%, 09/15/2027 | | | 100,000 | | | 96,929 |
8.00%, 09/15/2028(a) | | | 135,000 | | | 139,894 |
Central Garden & Pet Co.
| | | | | | |
4.13%, 10/15/2030 | | | 130,000 | | | 117,640 |
4.13%, 04/30/2031(a) | | | 65,000 | | | 58,134 |
Chobani Holdco II LLC, 8.75% (includes 9.50% PIK), 10/01/2029(a) | | | 185,000 | | | 190,891 |
Chobani LLC/Chobani Finance Corp., Inc., 7.63%, 07/01/2029(a) | | | 160,000 | | | 166,800 |
Coty, Inc., 5.00%, 04/15/2026(a) | | | 110,000 | | | 109,450 |
Coty, Inc./HFC Prestige Products, Inc./
HFC Prestige International US LLC
| | | | | | |
4.75%, 01/15/2029(a) | | | 85,000 | | | 81,891 |
6.63%, 07/15/2030(a) | | | 125,000 | | | 127,468 |
Darling Ingredients, Inc.
| | | | | | |
5.25%, 04/15/2027(a) | | | 85,000 | | | 84,150 |
6.00%, 06/15/2030(a) | | | 166,000 | | | 164,755 |
Edgewell Personal Care Co.
| | | | | | |
5.50%, 06/01/2028(a) | | | 125,000 | | | 123,437 |
4.13%, 04/01/2029(a) | | | 85,000 | | | 79,061 |
Energizer Holdings, Inc.
| | | | | | |
4.75%, 06/15/2028(a) | | | 100,000 | | | 96,090 |
4.38%, 03/31/2029(a) | | | 135,000 | | | 125,887 |
HLF Financing Sarl LLC/Herbalife International, Inc.
| | | | | | |
12.25%, 04/15/2029(a) | | | 135,000 | | | 135,844 |
4.88%, 06/01/2029(a) | | | 100,000 | | | 68,500 |
KeHE Distributors LLC/KeHE Finance Corp./NextWave Distribution, Inc., 9.00%, 02/15/2029(a) | | | 176,000 | | | 182,084 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Consumer Staples - (Continued)
|
Kronos Acquisition Holdings, Inc.
| | | | | | |
8.25%, 06/30/2031(a) | | | $90,000 | | | $89,078 |
10.75%, 06/30/2032(a) | | | 85,000 | | | 79,217 |
Lamb Weston Holdings, Inc.
| | | | | | |
4.88%, 05/15/2028(a) | | | 90,000 | | | 88,154 |
4.13%, 01/31/2030(a) | | | 160,000 | | | 148,554 |
4.38%, 01/31/2032(a)(b) | | | 115,000 | | | 105,196 |
Performance Food Group, Inc.
| | | | | | |
5.50%, 10/15/2027(a) | | | 176,000 | | | 174,621 |
4.25%, 08/01/2029(a) | | | 181,000 | | | 169,077 |
6.13%, 09/15/2032(a) | | | 166,000 | | | 166,550 |
Perrigo Finance Unlimited Co., 6.13%, 09/30/2032(b) | | | 125,000 | | | 123,438 |
Pilgrim’s Pride Corp.
| | | | | | |
4.25%, 04/15/2031 | | | 176,000 | | | 163,602 |
3.50%, 03/01/2032 | | | 150,000 | | | 131,236 |
6.25%, 07/01/2033 | | | 166,000 | | | 172,037 |
6.88%, 05/15/2034 | | | 85,000 | | | 92,091 |
Post Holdings, Inc.
| | | | | | |
5.63%, 01/15/2028(a) | | | 75,000 | | | 75,637 |
5.50%, 12/15/2029(a) | | | 206,000 | | | 201,025 |
4.63%, 04/15/2030(a) | | | 246,000 | | | 229,872 |
4.50%, 09/15/2031(a) | | | 186,000 | | | 169,411 |
6.25%, 02/15/2032(a) | | | 166,000 | | | 167,796 |
6.38%, 03/01/2033(a) | | | 201,000 | | | 198,672 |
6.25%, 10/15/2034(a) | | | 100,000 | | | 98,850 |
US Foods, Inc.
| | | | | | |
6.88%, 09/15/2028(a) | | | 85,000 | | | 87,490 |
4.75%, 02/15/2029(a) | | | 160,000 | | | 154,242 |
4.63%, 06/01/2030(a) | | | 85,000 | | | 80,610 |
7.25%, 01/15/2032(a) | | | 85,000 | | | 88,374 |
5.75%, 04/15/2033(a) | | | 100,000 | | | 98,490 |
Vector Group Ltd., 10.50%, 11/01/2026(a) | | | 90,000 | | | 89,941 |
Walgreens Boots Alliance, Inc.
| | | | | | |
3.45%, 06/01/2026 | | | 246,000 | | | 236,406 |
8.13%, 08/15/2029(b) | | | 130,000 | | | 128,830 |
3.20%, 04/15/2030 | | | 85,000 | | | 68,042 |
| | | | | | 6,025,444 |
Energy - 11.8%
| | | | | | |
Aethon United BR LP/Aethon United Finance Corp., 7.50%, 10/01/2029(a) | | | 170,000 | | | 171,142 |
Antero Midstream Partners LP/Antero Midstream Finance Corp.
| | | | | | |
5.75%, 03/01/2027(a) | | | 110,000 | | | 109,642 |
5.75%, 01/15/2028(a) | | | 110,000 | | | 109,450 |
5.38%, 06/15/2029(a) | | | 125,000 | | | 122,061 |
6.63%, 02/01/2032(a) | | | 100,000 | | | 100,799 |
Antero Resources Corp.
| | | | | | |
7.63%, 02/01/2029(a) | | | 70,000 | | | 71,750 |
5.38%, 03/01/2030(a) | | | 100,000 | | | 97,072 |
| | | | | | | |
| | | | | | | |
Archrock Partners LP/Archrock Partners Finance Corp.
| | | | | | |
6.25%, 04/01/2028(a) | | | $135,000 | | | $135,246 |
6.63%, 09/01/2032(a) | | | 115,000 | | | 115,529 |
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
| | | | | | |
7.00%, 11/01/2026(a) | | | 20,000 | | | 20,017 |
8.25%, 12/31/2028(a) | | | 85,000 | | | 86,610 |
6.63%, 10/15/2032(a) | | | 170,000 | | | 168,339 |
BaytexEnergy Corp.
| | | | | | |
8.50%, 04/30/2030(a) | | | 135,000 | | | 137,376 |
7.38%, 03/15/2032(a) | | | 95,000 | | | 92,054 |
Blue Racer Midstream LLC/Blue Racer Finance Corp.
| | | | | | |
7.00%, 07/15/2029(a) | | | 85,000 | | | 87,263 |
7.25%, 07/15/2032(a) | | | 85,000 | | | 87,635 |
Buckeye Partners LP
| | | | | | |
3.95%, 12/01/2026 | | | 140,000 | | | 134,607 |
4.13%, 12/01/2027 | | | 70,000 | | | 66,996 |
4.50%, 03/01/2028(a) | | | 90,000 | | | 85,635 |
6.88%, 07/01/2029(a) | | | 110,000 | | | 111,936 |
California Resources Corp., 8.25%, 06/15/2029(a) | | | 150,000 | | | 151,500 |
CITGO Petroleum Corp.
| | | | | | |
6.38%, 06/15/2026(a) | | | 110,000 | | | 110,168 |
8.38%, 01/15/2029(a) | | | 181,000 | | | 187,789 |
Civitas Resources, Inc.
| | | | | | |
5.00%, 10/15/2026(a) | | | 70,000 | | | 68,741 |
8.38%, 07/01/2028(a) | | | 226,000 | | | 233,627 |
8.63%, 11/01/2030(a) | | | 166,000 | | | 174,589 |
8.75%, 07/01/2031(a) | | | 236,000 | | | 247,210 |
CNX Resources Corp.
| | | | | | |
6.00%, 01/15/2029(a) | | | 85,000 | | | 84,040 |
7.38%, 01/15/2031(a) | | | 85,000 | | | 87,169 |
7.25%, 03/01/2032(a) | | | 65,000 | | | 66,818 |
Comstock Resources, Inc.
| | | | | | |
6.75%, 03/01/2029(a)(b) | | | 231,000 | | | 221,182 |
5.88%, 01/15/2030(a) | | | 160,000 | | | 145,880 |
CQP Holdco LP/BIP-V Chinook Holdco LLC
| | | | | | |
5.50%, 06/15/2031(a) | | | 256,000 | | | 243,371 |
7.50%, 12/15/2033(a) | | | 85,000 | | | 89,771 |
Crescent Energy Finance LLC
| | | | | | |
9.25%, 02/15/2028(a) | | | 166,000 | | | 173,570 |
7.63%, 04/01/2032(a) | | | 115,000 | | | 113,563 |
7.38%, 01/15/2033(a) | | | 125,000 | | | 121,250 |
CVR Energy, Inc., 8.50%, 01/15/2029(a) | | | 145,000 | | | 140,456 |
Delek Logistics Partners LP/Delek Logistics Finance Corp.
| | | | | | |
7.13%, 06/01/2028(a) | | | 70,000 | | | 69,306 |
8.63%, 03/15/2029(a) | | | 221,000 | | | 226,390 |
DT Midstream, Inc.
| | | | | | |
4.13%, 06/15/2029(a) | | | 181,000 | | | 170,108 |
4.38%, 06/15/2031(a) | | | 166,000 | | | 152,654 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Energy - (Continued)
|
eG Global Finance PLC, 12.00%, 11/30/2028(a) | | | $211,000 | | | $234,192 |
Encino Acquisition Partners Holdings LLC
| | | | | | |
8.50%, 05/01/2028(a) | | | 115,000 | | | 115,604 |
8.75%, 05/01/2031(a) | | | 85,000 | | | 87,317 |
Energean Israel Finance Ltd.
| | | | | | |
4.88%, 03/30/2026(a) | | | 100,000 | | | 97,093 |
5.38%, 03/30/2028(a) | | | 130,000 | | | 117,325 |
5.88%, 03/30/2031(a) | | | 100,000 | | | 85,000 |
8.50%, 09/30/2033(a) | | | 125,000 | | | 118,711 |
Energy Transfer LP
| | | | | | |
8.00% to 05/15/2029 then 5 yr. CMT Rate + 4.02%, 05/15/2054 | | | 135,000 | | | 142,569 |
7.13% to 10/01/2029 then 5 yr. CMT Rate + 2.83%, 10/01/2054 | | | 70,000 | | | 70,749 |
EQM Midstream Partners LP
| | | | | | |
4.13%, 12/01/2026 | | | 95,000 | | | 92,870 |
7.50%, 06/01/2027(a) | | | 85,000 | | | 86,849 |
6.50%, 07/01/2027(a) | | | 150,000 | | | 153,380 |
5.50%, 07/15/2028 | | | 140,000 | | | 139,384 |
4.50%, 01/15/2029(a) | | | 135,000 | | | 129,928 |
6.38%, 04/01/2029(a) | | | 100,000 | | | 101,350 |
7.50%, 06/01/2030(a) | | | 85,000 | | | 91,378 |
4.75%, 01/15/2031(a) | | | 181,000 | | | 172,122 |
Genesis Energy LP/Genesis Energy Finance Corp.
| | | | | | |
8.00%, 01/15/2027 | | | 166,000 | | | 168,876 |
7.75%, 02/01/2028 | | | 115,000 | | | 116,150 |
8.25%, 01/15/2029 | | | 100,000 | | | 101,950 |
8.88%, 04/15/2030 | | | 85,000 | | | 87,712 |
7.88%, 05/15/2032 | | | 115,000 | | | 114,707 |
Global Partners LP/GLP Finance Corp.
|
7.00%, 08/01/2027 | | | 70,000 | | | 70,189 |
8.25%, 01/15/2032(a) | | | 75,000 | | | 76,352 |
Harvest Midstream I LP
| | | | | | |
7.50%, 09/01/2028(a) | | | 135,000 | | | 136,350 |
7.50%, 05/15/2032(a) | | | 85,000 | | | 86,931 |
Hess Midstream Operations LP
| | | | | | |
5.63%, 02/15/2026(a) | | | 130,000 | | | 129,722 |
5.13%, 06/15/2028(a) | | | 90,000 | | | 87,981 |
6.50%, 06/01/2029(a) | | | 130,000 | | | 131,768 |
4.25%, 02/15/2030(a) | | | 125,000 | | | 116,607 |
5.50%, 10/15/2030(a) | | | 65,000 | | | 63,461 |
Hilcorp Energy I LP/Hilcorp Finance Co.
|
6.25%, 11/01/2028(a) | | | 100,000 | | | 97,975 |
5.75%, 02/01/2029(a) | | | 125,000 | | | 119,728 |
6.00%, 04/15/2030(a) | | | 85,000 | | | 81,015 |
6.00%, 02/01/2031(a) | | | 125,000 | | | 117,911 |
6.25%, 04/15/2032(a) | | | 90,000 | | | 84,449 |
8.38%, 11/01/2033(a) | | | 100,000 | | | 104,553 |
6.88%, 05/15/2034(a) | | | 85,000 | | | 81,318 |
7.25%, 02/15/2035(a) | | | 170,000 | | | 166,733 |
| | | | | | | |
| | | | | | | |
Howard Midstream Energy Partners LLC
|
8.88%, 07/15/2028(a) | | | $90,000 | | | $94,968 |
7.38%, 07/15/2032(a) | | | 100,000 | | | 101,945 |
ITT Holdings LLC, 6.50%, 08/01/2029(a) | | | 201,000 | | | 185,787 |
Kinetik Holdings LP
| | | | | | |
6.63%, 12/15/2028(a) | | | 135,000 | | | 137,840 |
5.88%, 06/15/2030(a) | | | 166,000 | | | 164,667 |
Leviathan Bond Ltd., 6.50%, 06/30/2027(a) | | | 191,000 | | | 180,987 |
Matador Resources Co.
| | | | | | |
6.88%, 04/15/2028(a) | | | 85,000 | | | 86,502 |
6.50%, 04/15/2032(a) | | | 150,000 | | | 148,778 |
6.25%, 04/15/2033(a) | | | 125,000 | | | 122,438 |
Murphy Oil USA, Inc., 4.75%, 09/15/2029 | | | 140,000 | | | 133,841 |
Nabors Industries, Inc.
| | | | | | |
7.38%, 05/15/2027(a) | | | 115,000 | | | 115,000 |
9.13%, 01/31/2030(a) | | | 110,000 | | | 113,699 |
8.88%, 08/15/2031(a) | | | 90,000 | | | 85,050 |
New Fortress Energy, Inc.
| | | | | | |
6.50%, 09/30/2026(a)(b) | | | 251,000 | | | 232,439 |
8.75%, 03/15/2029(a)(b) | | | 125,000 | | | 103,820 |
NGL Energy Operating LLC/NGL Energy Finance Corp.
| | | | | | |
8.13%, 02/15/2029(a) | | | 150,000 | | | 150,966 |
8.38%, 02/15/2032(a) | | | 216,000 | | | 218,160 |
Noble Finance II LLC, 8.00%, 04/15/2030(a) | | | 231,000 | | | 234,176 |
Northern Oil & Gas, Inc.
| | | | | | |
8.13%, 03/01/2028(a) | | | 115,000 | | | 116,079 |
8.75%, 06/15/2031(a) | | | 85,000 | | | 87,975 |
NuStar Logistics LP
| | | | | | |
6.00%, 06/01/2026 | | | 85,000 | | | 84,997 |
5.63%, 04/28/2027 | | | 90,000 | | | 89,311 |
6.38%, 10/01/2030 | | | 100,000 | | | 100,711 |
Parkland Corp.
| | | | | | |
5.88%, 07/15/2027(a) | | | 85,000 | | | 84,115 |
4.50%, 10/01/2029(a) | | | 176,000 | | | 163,599 |
4.63%, 05/01/2030(a) | | | 136,000 | | | 124,756 |
6.63%, 08/15/2032(a) | | | 85,000 | | | 84,793 |
PBF Holding Co. LLC/PBF Finance Corp.
|
6.00%, 02/15/2028 | | | 135,000 | | | 131,119 |
7.88%, 09/15/2030(a) | | | 85,000 | | | 84,787 |
Permian Resources Operating LLC
| | | | | | |
8.00%, 04/15/2027(a) | | | 90,000 | | | 92,364 |
5.88%, 07/01/2029(a) | | | 115,000 | | | 113,252 |
9.88%, 07/15/2031(a) | | | 90,000 | | | 99,360 |
7.00%, 01/15/2032(a) | | | 166,000 | | | 169,320 |
6.25%, 02/01/2033(a) | | | 166,000 | | | 164,709 |
Range Resources Corp.
| | | | | | |
8.25%, 01/15/2029 | | | 100,000 | | | 103,070 |
4.75%, 02/15/2030(a) | | | 85,000 | | | 79,956 |
Rockies Express Pipeline LLC, 4.95%, 07/15/2029(a) | | | 90,000 | | | 84,248 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Energy - (Continued)
|
SM Energy Co.
| | | | | | |
6.75%, 09/15/2026 | | | $70,000 | | | $70,258 |
6.63%, 01/15/2027 | | | 70,000 | | | 69,949 |
6.50%, 07/15/2028 | | | 70,000 | | | 69,747 |
6.75%, 08/01/2029(a) | | | 150,000 | | | 148,905 |
7.00%, 08/01/2032(a) | | | 125,000 | | | 123,683 |
South Bow Canadian Infrastructure Holdings Ltd.
| | | | | | |
7.50% to 03/01/2035 then 5 yr. CMT Rate + 3.67%, 03/01/2055(a) | | | 110,000 | | | 114,259 |
7.63% to 03/01/2030 then 5 yr. CMT Rate + 3.95%, 03/01/2055(a) | | | 75,000 | | | 77,156 |
Sunoco LP
| | | | | | |
7.00%, 05/01/2029(a) | | | 125,000 | | | 128,836 |
7.25%, 05/01/2032(a) | | | 125,000 | | | 130,126 |
Sunoco LP/Sunoco Finance Corp.
| | | | | | |
6.00%, 04/15/2027 | | | 100,000 | | | 100,201 |
5.88%, 03/15/2028 | | | 70,000 | | | 69,676 |
7.00%, 09/15/2028(a) | | | 85,000 | | | 87,194 |
4.50%, 05/15/2029 | | | 140,000 | | | 132,992 |
4.50%, 04/30/2030 | | | 135,000 | | | 126,556 |
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
| | | | | | |
6.00%, 03/01/2027(a) | | | 75,000 | | | 74,362 |
5.50%, 01/15/2028(a) | | | 125,000 | | | 119,962 |
7.38%, 02/15/2029(a) | | | 135,000 | | | 135,322 |
6.00%, 12/31/2030(a) | | | 125,000 | | | 117,237 |
6.00%, 09/01/2031(a) | | | 90,000 | | | 83,287 |
Talos Production, Inc.
| | | | | | |
9.00%, 02/01/2029(a)(b) | | | 100,000 | | | 102,906 |
9.38%, 02/01/2031(a) | | | 100,000 | | | 102,888 |
Transocean Titan Financing Ltd., 8.38%, 02/01/2028(a) | | | 85,000 | | | 87,560 |
Transocean, Inc.
| | | | | | |
8.00%, 02/01/2027(a) | | | 85,000 | | | 84,787 |
8.25%, 05/15/2029(a) | | | 150,000 | | | 150,937 |
8.75%, 02/15/2030(a) | | | 166,600 | | | 173,014 |
8.50%, 05/15/2031(a) | | | 150,000 | | | 151,125 |
USA Compression Partners LP/USA Compression Finance Corp.
| | | | | | |
6.88%, 09/01/2027 | | | 125,000 | | | 125,366 |
7.13%, 03/15/2029(a) | | | 166,000 | | | 168,877 |
Valaris Ltd., 8.38%, 04/30/2030(a)(b) | | | 181,000 | | | 183,585 |
Venture Global Calcasieu Pass LLC
| | | | | | |
3.88%, 08/15/2029(a) | | | 221,000 | | | 203,596 |
6.25%, 01/15/2030(a) | | | 166,000 | | | 169,300 |
4.13%, 08/15/2031(a) | | | 206,000 | | | 187,575 |
3.88%, 11/01/2033(a) | | | 206,000 | | | 178,402 |
Venture Global LNG, Inc.
| | | | | | |
8.13%, 06/01/2028(a) | | | 377,000 | | | 391,012 |
9.50%, 02/01/2029(a) | | | 498,000 | | | 551,012 |
7.00%, 01/15/2030(a)(b) | | | 251,000 | | | 252,569 |
| | | | | | | |
| | | | | | | |
8.38%, 06/01/2031(a) | | | $377,000 | | | $391,609 |
9.88%, 02/01/2032(a) | | | 332,000 | | | 362,295 |
Vital Energy, Inc., 7.88%, 04/15/2032(a)(b) | | | 166,000 | | | 159,423 |
Weatherford International Ltd., 8.63%, 04/30/2030(a) | | | 266,000 | | | 274,977 |
| | | | | | 20,870,677 |
Financials - 12.4%
| | | | | | |
Acrisure LLC/Acrisure Finance, Inc.
| | | | | | |
8.25%, 02/01/2029(a) | | | 155,000 | | | 157,519 |
4.25%, 02/15/2029(a) | | | 115,000 | | | 108,244 |
8.50%, 06/15/2029(a) | | | 85,000 | | | 87,201 |
6.00%, 08/01/2029(a) | | | 85,000 | | | 80,379 |
7.50%, 11/06/2030(a) | | | 181,000 | | | 183,780 |
AG Issuer LLC,
6.25%, 03/01/2028(a) | | | 85,000 | | | 83,243 |
AG TTMT Escrow Issuer LLC, 8.63%, 09/30/2027(a) | | | 85,000 | | | 87,550 |
Alliant Holdings Intermediate LLC/ Alliant Holdings Co.-Issuer
| | | | | | |
4.25%, 10/15/2027(a) | | | 125,000 | | | 118,594 |
6.75%, 10/15/2027(a) | | | 221,000 | | | 220,033 |
6.75%, 04/15/2028(a) | | | 216,000 | | | 217,018 |
5.88%, 11/01/2029(a) | | | 75,000 | | | 70,730 |
7.00%, 01/15/2031(a) | | | 241,000 | | | 242,471 |
6.50%, 10/01/2031(a) | | | 166,000 | | | 164,434 |
7.38%, 10/01/2032(a) | | | 115,000 | | | 113,994 |
Ally Financial, Inc., 6.70%, 02/14/2033 | | | 85,000 | | | 85,325 |
AmWINS Group, Inc.
| | | | | | |
6.38%, 02/15/2029(a) | | | 125,000 | | | 125,557 |
4.88%, 06/30/2029(a) | | | 130,000 | | | 122,575 |
Anywhere Real Estate Group LLC/ Anywhere Co.-Issuer Corp., 7.00%, 04/15/2030(a) | | | 120,000 | | | 105,031 |
Ardonagh Finco Ltd., 7.75%, 02/15/2031(a) | | | 125,000 | | | 127,740 |
Ardonagh Group Finance Ltd., 8.88%, 02/15/2032(a) | | | 166,000 | | | 169,501 |
Aretec Group, Inc.
| | | | | | |
7.50%, 04/01/2029(a) | | | 70,000 | | | 67,293 |
10.00%, 08/15/2030(a) | | | 176,000 | | | 191,864 |
AssuredPartners, Inc.
| | | | | | |
5.63%, 01/15/2029(a) | | | 100,000 | | | 94,511 |
7.50%, 02/15/2032(a) | | | 85,000 | | | 85,633 |
Block, Inc.
| | | | | | |
2.75%, 06/01/2026 | | | 176,000 | | | 169,415 |
3.50%, 06/01/2031 | | | 176,000 | | | 155,961 |
6.50%, 05/15/2032(a) | | | 357,000 | | | 363,698 |
Boost Newco Borrower LLC, 7.50%, 01/15/2031(a) | | | 362,000 | | | 380,925 |
Brandywine Operating Partnership LP
| | | | | | |
3.95%, 11/15/2027 | | | 75,000 | | | 70,500 |
8.88%, 04/12/2029 | | | 65,000 | | | 70,161 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Financials - (Continued)
|
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/ GGSI Sellco LL
| | | | | | |
5.75%, 05/15/2026(a) | | | $155,000 | | | $153,338 |
4.50%, 04/01/2027(a) | | | 125,000 | | | 120,469 |
Burford Capital Global Finance LLC
| | | | | | |
6.25%, 04/15/2028(a) | | | 65,000 | | | 64,837 |
9.25%, 07/01/2031(a) | | | 110,000 | | | 118,050 |
Coinbase Global, Inc.
| | | | | | |
3.38%, 10/01/2028(a) | | | 166,000 | | | 147,299 |
3.63%, 10/01/2031(a) | | | 120,000 | | | 100,056 |
Compass Group Diversified Holdings LLC, 5.25%, 04/15/2029(a) | | | 166,000 | | | 159,579 |
Credit Acceptance Corp.
| | | | | | |
6.63%, 03/15/2026(b) | | | 65,000 | | | 64,789 |
9.25%, 12/15/2028(a) | | | 100,000 | | | 105,779 |
Cushman & Wakefield US Borrower LLC
|
6.75%, 05/15/2028(a) | | | 110,000 | | | 110,550 |
8.88%, 09/01/2031(a) | | | 75,000 | | | 80,685 |
Encore Capital Group, Inc.
| | | | | | |
9.25%, 04/01/2029(a) | | | 85,000 | | | 90,435 |
8.50%, 05/15/2030(a) | | | 85,000 | | | 89,569 |
FirstCash, Inc.
| | | | | | |
4.63%, 09/01/2028(a) | | | 85,000 | | | 80,452 |
5.63%, 01/01/2030(a) | | | 90,000 | | | 87,192 |
6.88%, 03/01/2032(a) | | | 85,000 | | | 85,645 |
Focus Financial Partners LLC, 6.75%, 09/15/2031(a) | | | 176,000 | | | 174,742 |
Freedom Mortgage Corp.
| | | | | | |
7.63%, 05/01/2026(a) | | | 85,000 | | | 85,374 |
6.63%, 01/15/2027(a) | | | 90,000 | | | 88,987 |
12.00%, 10/01/2028(a) | | | 135,000 | | | 145,800 |
12.25%, 10/01/2030(a) | | | 90,000 | | | 99,034 |
Freedom Mortgage Holdings LLC
| | | | | | |
9.25%, 02/01/2029(a) | | | 186,000 | | | 190,650 |
9.13%, 05/15/2031(a) | | | 120,000 | | | 121,170 |
FWD Group Holdings Ltd., 8.40%, 04/05/2029(a)(b) | | | 150,000 | | | 158,860 |
GGAM Finance Ltd.
| | | | | | |
7.75%, 05/15/2026(a) | | | 70,000 | | | 71,249 |
8.00%, 02/15/2027(a) | | | 130,000 | | | 133,996 |
8.00%, 06/15/2028(a) | | | 100,000 | | | 105,491 |
6.88%, 04/15/2029(a) | | | 65,000 | | | 66,300 |
5.88%, 03/15/2030(a) | | | 65,000 | | | 64,106 |
Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/2027(a)(b) | | | 181,000 | | | 186,402 |
Global Atlantic Fin Co.
| | | | | | |
4.70% to 10/15/2026 then 5 yr. CMT Rate + 3.80%, 10/15/2051(a) | | | 135,000 | | | 129,144 |
7.95% to 10/15/2029 then 5 yr. CMT Rate + 3.61%, 10/15/2054(a) | | | 100,000 | | | 103,767 |
| | | | | | | |
| | | | | | | |
goeasy Ltd.
| | | | | | |
9.25%, 12/01/2028(a) | | | $90,000 | | | $95,610 |
7.63%, 07/01/2029(a)(b) | | | 100,000 | | | 102,730 |
Howden UK Refinance PLC/Howden UK Refinance 2 PLC/Howden US Refinance LLC
| | | | | | |
7.25%, 02/15/2031(a) | | | 166,000 | | | 168,443 |
8.13%, 02/15/2032(a) | | | 85,000 | | | 86,062 |
HUB International Ltd.
| | | | | | |
5.63%, 12/01/2029(a) | | | 100,000 | | | 96,648 |
7.25%, 06/15/2030(a) | | | 543,000 | | | 562,043 |
7.38%, 01/31/2032(a) | | | 316,000 | | | 321,381 |
Hudson Pacific Properties LP
| | | | | | |
3.95%, 11/01/2027 | | | 70,000 | | | 62,449 |
4.65%, 04/01/2029 | | | 85,000 | | | 67,839 |
3.25%, 01/15/2030 | | | 65,000 | | | 47,125 |
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
| | | | | | |
6.25%, 05/15/2026 | | | 206,000 | | | 201,313 |
5.25%, 05/15/2027 | | | 256,000 | | | 238,407 |
9.75%, 01/15/2029 | | | 135,000 | | | 134,541 |
4.38%, 02/01/2029 | | | 135,000 | | | 112,293 |
9.00%, 06/15/2030 | | | 135,000 | | | 130,275 |
Intesa Sanpaolo SpA
| | | | | | |
5.71%, 01/15/2026(a) | | | 251,000 | | | 251,518 |
4.20% to 06/01/2031 then 1 yr. CMT Rate + 2.60%, 06/01/2032(a) | | | 125,000 | | | 109,433 |
Iron Mountain Information Management Services, Inc., 5.00%, 07/15/2032(a) | | | 125,000 | | | 117,813 |
Jane Street Group/JSG Finance, Inc.
| | | | | | |
4.50%, 11/15/2029(a) | | | 100,000 | | | 94,500 |
7.13%, 04/30/2031(a) | | | 230,000 | | | 238,338 |
6.13%, 11/01/2032(a) | | | 270,000 | | | 270,338 |
Jefferies Finance LLC/JFIN Co.-Issuer Corp.
| | | | | | |
5.00%, 08/15/2028(a) | | | 166,000 | | | 153,102 |
6.63%, 10/15/2031(a) | | | 165,000 | | | 164,116 |
Jones Deslauriers Insurance Management, Inc.
| | | | | | |
8.50%, 03/15/2030(a) | | | 120,000 | | | 127,101 |
10.50%, 12/15/2030(a) | | | 85,000 | | | 91,534 |
Kennedy-Wilson, Inc.
| | | | | | |
4.75%, 03/01/2029 | | | 110,000 | | | 101,200 |
4.75%, 02/01/2030 | | | 100,000 | | | 89,024 |
5.00%, 03/01/2031 | | | 100,000 | | | 88,418 |
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
| | | | | | |
4.25%, 02/01/2027(a) | | | 100,000 | | | 96,875 |
4.75%, 06/15/2029(a) | | | 115,000 | | | 109,681 |
7.00%, 07/15/2031(a) | | | 85,000 | | | 88,352 |
Liberty Mutual Group, Inc.
| | | | | | |
4.13% to 12/15/2026 then 5 yr. CMT Rate + 3.32%, 12/15/2051(a) | | | 95,000 | | | 89,317 |
4.30%, 02/01/2061(a) | | | 135,000 | | | 88,951 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Financials - (Continued)
|
Midcap Financial Issuer Trust
| | | | | | |
6.50%, 05/01/2028(a) | | | $166,000 | | | $157,077 |
5.63%, 01/15/2030(a) | | | 65,000 | | | 57,817 |
MPT Operating Partnership LP/MPT Finance Corp.
| | | | | | |
5.25%, 08/01/2026 | | | 85,000 | | | 80,739 |
5.00%, 10/15/2027(b) | | | 236,000 | | | 208,197 |
4.63%, 08/01/2029 | | | 150,000 | | | 116,250 |
3.50%, 03/15/2031 | | | 221,000 | | | 156,634 |
Nationstar Mortgage Holdings, Inc.
| | | | | | |
5.00%, 02/01/2026(a) | | | 85,000 | | | 84,111 |
6.00%, 01/15/2027(a) | | | 100,000 | | | 99,586 |
5.50%, 08/15/2028(a) | | | 140,000 | | | 136,544 |
6.50%, 08/01/2029(a) | | | 130,000 | | | 130,068 |
5.13%, 12/15/2030(a) | | | 110,000 | | | 102,964 |
5.75%, 11/15/2031(a) | | | 110,000 | | | 105,462 |
7.13%, 02/01/2032(a) | | | 166,000 | | | 169,497 |
Navient Corp.
| | | | | | |
6.75%, 06/15/2026 | | | 85,000 | | | 86,530 |
5.00%, 03/15/2027 | | | 115,000 | | | 112,989 |
4.88%, 03/15/2028 | | | 85,000 | | | 80,880 |
5.50%, 03/15/2029 | | | 125,000 | | | 119,063 |
9.38%, 07/25/2030 | | | 85,000 | | | 91,961 |
11.50%, 03/15/2031 | | | 85,000 | | | 95,139 |
NCR Atleos Corp., 9.50%, 04/01/2029(a) | | | 226,000 | | | 248,600 |
OneMain Finance Corp.
| | | | | | |
7.13%, 03/15/2026 | | | 266,000 | | | 272,517 |
3.50%, 01/15/2027 | | | 135,000 | | | 128,619 |
6.63%, 01/15/2028 | | | 135,000 | | | 137,248 |
3.88%, 09/15/2028 | | | 100,000 | | | 92,284 |
9.00%, 01/15/2029 | | | 150,000 | | | 158,885 |
5.38%, 11/15/2029 | | | 125,000 | | | 119,844 |
7.88%, 03/15/2030 | | | 115,000 | | | 119,600 |
4.00%, 09/15/2030 | | | 140,000 | | | 123,357 |
7.50%, 05/15/2031 | | | 125,000 | | | 127,785 |
7.13%, 11/15/2031 | | | 125,000 | | | 126,333 |
Panther Escrow Issuer LLC, 7.13%, 06/01/2031(a) | | | 498,000 | | | 508,894 |
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer
| | | | | | |
5.88%, 10/01/2028(a) | | | 120,000 | | | 118,535 |
4.88%, 05/15/2029(a) | | | 125,000 | | | 118,900 |
7.00%, 02/01/2030(a) | | | 90,000 | | | 92,017 |
PennyMac Financial Services, Inc.
| | | | | | |
4.25%, 02/15/2029(a) | | | 135,000 | | | 125,499 |
7.88%, 12/15/2029(a) | | | 130,000 | | | 136,163 |
7.13%, 11/15/2030(a) | | | 120,000 | | | 121,800 |
5.75%, 09/15/2031(a) | | | 85,000 | | | 81,387 |
PRA Group, Inc., 8.88%, 01/31/2030(a) | | | 70,000 | | | 72,523 |
| | | | | | | |
| | | | | | | |
Realogy Group LLC/Realogy
Co.-Issuer Corp., 5.75%, 01/15/2029(a)(b) | | | $140,000 | | | $114,121 |
RHP Hotel Properties LP/RHP Finance Corp.
| | | | | | |
4.75%, 10/15/2027 | | | 125,000 | | | 122,366 |
7.25%, 07/15/2028(a) | | | 65,000 | | | 67,267 |
4.50%, 02/15/2029(a) | | | 100,000 | | | 95,586 |
6.50%, 04/01/2032(a) | | | 166,000 | | | 167,912 |
RLJ Lodging Trust LP
| | | | | | |
3.75%, 07/01/2026(a) | | | 85,000 | | | 82,108 |
4.00%, 09/15/2029(a) | | | 100,000 | | | 90,095 |
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.
| | | | | | |
2.88%, 10/15/2026(a) | | | 191,000 | | | 181,789 |
3.63%, 03/01/2029(a) | | | 125,000 | | | 115,225 |
3.88%, 03/01/2031(a) | | | 206,000 | | | 183,597 |
4.00%, 10/15/2033(a) | | | 140,000 | | | 120,606 |
Ryan Specialty LLC, 5.88%, 08/01/2032(a) | | | 115,000 | | | 114,511 |
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.
| | | | | | |
4.63%, 11/01/2026(a) | | | 75,000 | | | 73,874 |
6.75%, 08/15/2032(a) | | | 181,000 | | | 185,310 |
Starwood Property Trust, Inc.
| | | | | | |
3.63%, 07/15/2026(a) | | | 65,000 | | | 62,311 |
4.38%, 01/15/2027(a) | | | 100,000 | | | 96,348 |
7.25%, 04/01/2029(a) | | | 150,000 | | | 154,155 |
6.00%, 04/15/2030(a) | | | 100,000 | | | 97,813 |
Synchrony Financial, 7.25%, 02/02/2033 | | | 125,000 | | | 128,140 |
UniCredit SpA
| | | | | | |
5.86% to 06/19/2027 then 5 yr. Mid Swap Rate USD + 3.70%, 06/19/2032(a) | | | 166,000 | | | 165,332 |
7.30% to 04/02/2029 then 5 yr. Mid Swap Rate USD + 4.91%, 04/02/2034(a) | | | 206,000 | | | 215,369 |
5.46% to 06/30/2030 then 5 yr. CMT Rate + 4.75%, 06/30/2035(a) | | | 251,000 | | | 241,332 |
United Wholesale Mortgage LLC
| | | | | | |
5.50%, 11/15/2025(a) | | | 135,000 | | | 134,325 |
5.75%, 06/15/2027(a) | | | 85,000 | | | 83,512 |
5.50%, 04/15/2029(a) | | | 135,000 | | | 128,653 |
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 6.00%, 01/15/2030(a) | | | 125,000 | | | 104,750 |
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC
| | | | | | |
10.50%, 02/15/2028(a) | | | 507,000 | | | 539,955 |
4.75%, 04/15/2028(a) | | | 100,000 | | | 91,625 |
6.50%, 02/15/2029(a) | | | 201,000 | | | 172,981 |
| | | | | | 22,054,712 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Health Care - 8.7%
| | | | | | |
AdaptHealth LLC
| | | | | | |
4.63%, 08/01/2029(a) | | | $95,000 | | | $86,268 |
5.13%, 03/01/2030(a) | | | 115,000 | | | 105,437 |
Avantor Funding, Inc.
| | | | | | |
4.63%, 07/15/2028(a) | | | 256,000 | | | 247,285 |
3.88%, 11/01/2029(a) | | | 140,000 | | | 129,290 |
Bausch + Lomb Corp., 8.38%, 10/01/2028(a) | | | 231,000 | | | 242,736 |
Bausch Health Americas, Inc.
| | | | | | |
9.25%, 04/01/2026(a) | | | 100,000 | | | 96,750 |
8.50%, 01/31/2027(a) | | | 145,000 | | | 116,363 |
Bausch Health Cos., Inc.
| | | | | | |
5.50%, 11/01/2025(a) | | | 296,000 | | | 290,450 |
9.00%, 12/15/2025(a) | | | 95,000 | | | 93,151 |
6.13%, 02/01/2027(a)(b) | | | 186,000 | | | 167,400 |
5.75%, 08/15/2027(a) | | | 100,000 | | | 82,837 |
5.00%, 01/30/2028(a) | | | 75,000 | | | 48,000 |
4.88%, 06/01/2028(a) | | | 266,000 | | | 205,485 |
11.00%, 09/30/2028(a) | | | 301,000 | | | 277,023 |
6.25%, 02/15/2029(a) | | | 231,000 | | | 143,797 |
5.25%, 01/30/2030(a) | | | 211,000 | | | 118,055 |
Catalent Pharma Solutions, Inc.
| | | | | | |
5.00%, 07/15/2027(a) | | | 85,000 | | | 84,342 |
3.13%, 02/15/2029(a) | | | 100,000 | | | 96,975 |
3.50%, 04/01/2030(a) | | | 110,000 | | | 106,538 |
Charles River Laboratories International, Inc.
| | | | | | |
4.25%, 05/01/2028(a) | | | 85,000 | | | 80,852 |
3.75%, 03/15/2029(a) | | | 85,000 | | | 77,822 |
4.00%, 03/15/2031(a) | | | 85,000 | | | 75,953 |
CHS/Community Health Systems, Inc.
| | | | | | |
5.63%, 03/15/2027(a) | | | 316,000 | | | 308,442 |
8.00%, 12/15/2027(a) | | | 115,000 | | | 114,932 |
6.88%, 04/01/2028(a) | | | 120,000 | | | 98,660 |
6.00%, 01/15/2029(a) | | | 115,000 | | | 108,168 |
6.88%, 04/15/2029(a)(b) | | | 221,000 | | | 186,634 |
6.13%, 04/01/2030(a) | | | 221,000 | | | 173,861 |
5.25%, 05/15/2030(a) | | | 271,000 | | | 236,448 |
4.75%, 02/15/2031(a) | | | 196,000 | | | 162,802 |
10.88%, 01/15/2032(a) | | | 392,000 | | | 420,530 |
DaVita, Inc.
| | | | | | |
4.63%, 06/01/2030(a) | | | 482,000 | | | 443,291 |
3.75%, 02/15/2031(a) | | | 271,000 | | | 235,906 |
6.88%, 09/01/2032(a) | | | 176,000 | | | 176,880 |
Encompass Health Corp.
| | | | | | |
4.50%, 02/01/2028 | | | 135,000 | | | 131,156 |
4.75%, 02/01/2030(b) | | | 166,000 | | | 159,710 |
4.63%, 04/01/2031 | | | 65,000 | | | 60,964 |
Endo Finance Holdings, Inc., 8.50%, 04/15/2031(a)(b) | | | 166,000 | | | 177,500 |
| | | | | | | |
| | | | | | | |
Hologic, Inc.
| | | | | | |
4.63%, 02/01/2028(a) | | | $70,000 | | | $68,427 |
3.25%, 02/15/2029(a) | | | 155,000 | | | 142,395 |
IQVIA, Inc.
| | | | | | |
5.00%, 10/15/2026(a) | | | 176,000 | | | 174,069 |
5.00%, 05/15/2027(a) | | | 181,000 | | | 178,738 |
6.50%, 05/15/2030(a) | | | 85,000 | | | 87,227 |
Jazz Securities DAC, 4.38%, 01/15/2029(a) | | | 251,000 | | | 237,288 |
LifePoint Health, Inc.
| | | | | | |
4.38%, 02/15/2027(a) | | | 100,000 | | | 96,876 |
5.38%, 01/15/2029(a) | | | 85,000 | | | 77,364 |
9.88%, 08/15/2030(a) | | | 135,000 | | | 147,866 |
11.00%, 10/15/2030(a) | | | 181,000 | | | 201,815 |
10.00%, 06/01/2032(a) | | | 135,000 | | | 143,539 |
Medline Borrower LP
| | | | | | |
3.88%, 04/01/2029(a) | | | 749,000 | | | 700,877 |
5.25%, 10/01/2029(a)(b) | | | 417,000 | | | 404,081 |
Medline Borrower LP/Medline
Co.-Issuer, Inc., 6.25%, 04/01/2029(a) | | | 251,000 | | | 255,348 |
Molina Healthcare, Inc.
| | | | | | |
4.38%, 06/15/2028(a) | | | 135,000 | | | 129,170 |
3.88%, 11/15/2030(a) | | | 110,000 | | | 99,655 |
3.88%, 05/15/2032(a) | | | 135,000 | | | 119,734 |
MPH Acquisition Holdings LLC, 5.50%, 09/01/2028(a) | | | 261,000 | | | 175,465 |
Organon & Co./Organon Foreign Debt Co.-Issuer BV
| | | | | | |
4.13%, 04/30/2028(a) | | | 352,000 | | | 333,751 |
5.13%, 04/30/2031(a)(b) | | | 332,000 | | | 302,535 |
6.75%, 05/15/2034(a) | | | 85,000 | | | 85,234 |
7.88%, 05/15/2034(a)(b) | | | 85,000 | | | 87,754 |
Owens & Minor, Inc.
| | | | | | |
4.50%, 03/31/2029(a) | | | 90,000 | | | 80,778 |
6.63%, 04/01/2030(a) | | | 90,000 | | | 85,703 |
Perrigo Finance Unlimited Co., 4.90%, 06/15/2030 | | | 125,000 | | | 118,321 |
Prestige Brands, Inc.
| | | | | | |
5.13%, 01/15/2028(a) | | | 70,000 | | | 68,548 |
3.75%, 04/01/2031(a) | | | 110,000 | | | 97,958 |
Prime Healthcare Services, Inc., 9.38%, 09/01/2029(a) | | | 261,000 | | | 265,215 |
Radiology Partners, Inc.
| | | | | | |
7.78% (includes 3.50% PIK), 01/31/2029(a) | | | 120,000 | | | 119,100 |
9.78% (includes 9.78% PIK), 02/15/2030(a) | | | 120,000 | | | 113,190 |
Select Medical Corp., 6.25%, 08/15/2026(a) | | | 206,000 | | | 206,509 |
Star Parent, Inc., 9.00%, 10/01/2030(a) | | | 171,000 | | | 177,840 |
Teleflex, Inc.
| | | | | | |
4.63%, 11/15/2027 | | | 171,000 | | | 167,742 |
4.25%, 06/01/2028(a) | | | 165,000 | | | 158,362 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Health Care - (Continued)
|
Tenet Healthcare Corp.
| | | | | | |
6.25%, 02/01/2027 | | | $251,000 | | | $251,249 |
5.13%, 11/01/2027 | | | 251,000 | | | 249,015 |
4.63%, 06/15/2028 | | | 100,000 | | | 96,652 |
6.13%, 10/01/2028(b) | | | 437,000 | | | 437,546 |
4.25%, 06/01/2029 | | | 231,000 | | | 218,799 |
4.38%, 01/15/2030 | | | 256,000 | | | 240,328 |
6.13%, 06/15/2030(b) | | | 332,000 | | | 333,919 |
6.75%, 05/15/2031 | | | 226,000 | | | 230,850 |
Teva Pharmaceutical Finance Netherlands III BV
| | | | | | |
3.15%, 10/01/2026 | | | 563,000 | | | 536,257 |
4.75%, 05/09/2027(b) | | | 166,000 | | | 161,337 |
6.75%, 03/01/2028 | | | 206,000 | | | 210,379 |
5.13%, 05/09/2029(b) | | | 166,000 | | | 160,418 |
7.88%, 09/15/2029(b) | | | 100,000 | | | 107,794 |
8.13%, 09/15/2031 | | | 85,000 | | | 94,965 |
| | | | | | 15,406,675 |
Industrials - 8.4%
| | | | | | |
ADT Security Corp., 4.13%, 08/01/2029(a) | | | 166,000 | | | 155,133 |
Air Canada, 3.88%, 08/15/2026(a) | | | 201,000 | | | 194,630 |
Albion Financing 1 SARL/Aggreko Holdings, Inc., 6.13%, 10/15/2026(a) | | | 95,000 | | | 94,969 |
Albion Financing 2 Sarl, 8.75%, 04/15/2027(a) | | | 75,000 | | | 76,486 |
Allison Transmission, Inc.
| | | | | | |
4.75%, 10/01/2027(a) | | | 70,000 | | | 68,301 |
5.88%, 06/01/2029(a) | | | 85,000 | | | 84,748 |
3.75%, 01/30/2031(a) | | | 181,000 | | | 160,185 |
Amentum Holdings, Inc., 7.25%, 08/01/2032(a) | | | 166,000 | | | 172,006 |
Arcosa, Inc.
| | | | | | |
4.38%, 04/15/2029(a) | | | 70,000 | | | 65,894 |
6.88%, 08/15/2032(a) | | | 100,000 | | | 102,566 |
Beacon Roofing Supply, Inc., 6.50%, 08/01/2030(a) | | | 100,000 | | | 101,687 |
Bombardier, Inc.
| | | | | | |
7.88%, 04/15/2027(a) | | | 166,000 | | | 166,306 |
6.00%, 02/15/2028(a) | | | 125,000 | | | 124,886 |
7.50%, 02/01/2029(a)(b) | | | 125,000 | | | 130,280 |
8.75%, 11/15/2030(a) | | | 125,000 | | | 135,625 |
7.25%, 07/01/2031(a) | | | 125,000 | | | 129,063 |
7.00%, 06/01/2032(a) | | | 125,000 | | | 128,165 |
Brand Industrial Services, Inc., 10.38%, 08/01/2030(a)(b) | | | 221,000 | | | 234,474 |
Brink’s Co.
| | | | | | |
4.63%, 10/15/2027(a) | | | 100,000 | | | 97,302 |
6.50%, 06/15/2029(a) | | | 70,000 | | | 71,172 |
6.75%, 06/15/2032(a) | | | 65,000 | | | 66,185 |
| | | | | | | |
| | | | | | | |
Builders FirstSource, Inc.
| | | | | | |
5.00%, 03/01/2030(a) | | | $90,000 | | | $85,936 |
4.25%, 02/01/2032(a) | | | 236,000 | | | 210,777 |
6.38%, 06/15/2032(a) | | | 115,000 | | | 115,378 |
6.38%, 03/01/2034(a) | | | 166,000 | | | 166,685 |
Chart Industries, Inc.
| | | | | | |
7.50%, 01/01/2030(a) | | | 266,000 | | | 276,341 |
9.50%, 01/01/2031(a) | | | 85,000 | | | 91,281 |
Clean Harbors, Inc.
| | | | | | |
4.88%, 07/15/2027(a) | | | 90,000 | | | 88,685 |
6.38%, 02/01/2031(a) | | | 85,000 | | | 85,596 |
Cornerstone Building Brands, Inc., 9.50%, 08/15/2029(a) | | | 110,000 | | | 113,066 |
Covanta Holding Corp.
| | | | | | |
4.88%, 12/01/2029(a) | | | 125,000 | | | 116,149 |
5.00%, 09/01/2030 | | | 80,000 | | | 73,453 |
EMRLD Borrower LP/Emerald
Co.-Issuer, Inc.
| | | | | | |
6.63%, 12/15/2030(a) | | | 462,000 | | | 469,336 |
6.75%, 07/15/2031(a) | | | 85,000 | | | 86,890 |
EquipmentShare.com, Inc.
| | | | | | |
9.00%, 05/15/2028(a) | | | 171,000 | | | 176,995 |
8.63%, 05/15/2032(a) | | | 100,000 | | | 103,052 |
8.00%, 03/15/2033(a) | | | 85,000 | | | 85,708 |
Fortress Transportation and Infrastructure Investors LLC
| | | | | | |
5.50%, 05/01/2028(a) | | | 166,000 | | | 162,680 |
7.88%, 12/01/2030(a) | | | 85,000 | | | 89,393 |
7.00%, 05/01/2031(a) | | | 115,000 | | | 118,276 |
7.00%, 06/15/2032(a) | | | 135,000 | | | 138,186 |
5.88%, 04/15/2033(a) | | | 100,000 | | | 97,520 |
FXI Holdings, Inc.
| | | | | | |
12.25%, 11/15/2026(a) | | | 130,000 | | | 129,017 |
12.25%, 11/15/2026(a) | | | 85,000 | | | 84,386 |
GEO Group, Inc.
| | | | | | |
8.63%, 04/15/2029 | | | 110,000 | | | 114,916 |
10.25%, 04/15/2031 | | | 120,000 | | | 128,722 |
GFL Environmental, Inc.
| | | | | | |
5.13%, 12/15/2026(a) | | | 85,000 | | | 84,234 |
4.00%, 08/01/2028(a) | | | 125,000 | | | 118,198 |
3.50%, 09/01/2028(a) | | | 130,000 | | | 121,814 |
4.75%, 06/15/2029(a) | | | 125,000 | | | 119,391 |
4.38%, 08/15/2029(a) | | | 90,000 | | | 84,356 |
6.75%, 01/15/2031(a) | | | 166,000 | | | 170,831 |
H&E Equipment Services, Inc., 3.88%, 12/15/2028(a) | | | 211,000 | | | 194,929 |
Herc Holdings, Inc.
| | | | | | |
5.50%, 07/15/2027(a) | | | 211,000 | | | 209,759 |
6.63%, 06/15/2029(a) | | | 135,000 | | | 138,037 |
Hillenbrand, Inc.,
6.25%, 02/15/2029 | | | 85,000 | | | 85,427 |
Husky Injection Molding Systems Ltd./Titan Co.-Borrower LLC, 9.00%, 02/15/2029(a) | | | 201,000 | | | 206,829 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Industrials - (Continued)
|
Madison IAQ LLC
| | | | | | |
4.13%, 06/30/2028(a) | | | $130,000 | | | $123,504 |
5.88%, 06/30/2029(a) | | | 171,000 | | | 162,202 |
Pike Corp.
| | | | | | |
5.50%, 09/01/2028(a) | | | 120,000 | | | 117,419 |
8.63%, 01/31/2031(a) | | | 70,000 | | | 74,321 |
Ritchie Bros Holdings, Inc.
| | | | | | |
6.75%, 03/15/2028(a) | | | 90,000 | | | 92,284 |
7.75%, 03/15/2031(a) | | | 135,000 | | | 141,480 |
RR Donnelley & Sons Co.
| | | | | | |
9.50%, 08/01/2029(a)(b) | | | 176,000 | | | 177,452 |
10.88%, 08/01/2029(a) | | | 85,000 | | | 83,815 |
Sensata Technologies BV
| | | | | | |
4.00%, 04/15/2029(a) | | | 196,000 | | | 183,305 |
5.88%, 09/01/2030(a) | | | 85,000 | | | 84,140 |
Sensata Technologies, Inc.
| | | | | | |
4.38%, 02/15/2030(a) | | | 75,000 | | | 69,864 |
3.75%, 02/15/2031(a) | | | 155,000 | | | 138,417 |
6.63%, 07/15/2032(a) | | | 85,000 | | | 86,063 |
Spirit AeroSystems, Inc.
| | | | | | |
4.60%, 06/15/2028 | | | 120,000 | | | 114,445 |
9.38%, 11/30/2029(a) | | | 150,000 | | | 161,831 |
9.75%, 11/15/2030(a) | | | 201,000 | | | 223,311 |
Terex Corp.
| | | | | | |
5.00%, 05/15/2029(a) | | | 100,000 | | | 96,131 |
6.25%, 10/15/2032(a) | | | 200,000 | | | 199,144 |
TK Elevator Holdco GmbH, 7.63%, 07/15/2028(a) | | | 65,000 | | | 65,309 |
TK Elevator US Newco, Inc., 5.25%, 07/15/2027(a) | | | 261,000 | | | 256,596 |
TransDigm, Inc.
| | | | | | |
5.50%, 11/15/2027(b) | | | 467,000 | | | 462,393 |
6.75%, 08/15/2028(a)(b) | | | 352,000 | | | 359,920 |
4.63%, 01/15/2029 | | | 201,000 | | | 190,736 |
6.38%, 03/01/2029(a) | | | 482,000 | | | 489,476 |
4.88%, 05/01/2029 | | | 125,000 | | | 119,284 |
6.88%, 12/15/2030(a) | | | 241,000 | | | 247,025 |
7.13%, 12/01/2031(a) | | | 166,000 | | | 171,602 |
6.63%, 03/01/2032(a) | | | 367,000 | | | 373,525 |
6.00%, 01/15/2033(a) | | | 251,000 | | | 248,804 |
United Rentals North America, Inc.
| | | | | | |
5.50%, 05/15/2027 | | | 100,000 | | | 99,811 |
3.88%, 11/15/2027 | | | 125,000 | | | 120,278 |
4.88%, 01/15/2028 | | | 276,000 | | | 270,632 |
5.25%, 01/15/2030 | | | 125,000 | | | 122,862 |
4.00%, 07/15/2030 | | | 145,000 | | | 133,833 |
3.88%, 02/15/2031 | | | 201,000 | | | 181,980 |
3.75%, 01/15/2032 | | | 125,000 | | | 110,823 |
6.13%, 03/15/2034(a) | | | 181,000 | | | 182,186 |
WESCO Distribution, Inc.
| | | | | | |
7.25%, 06/15/2028(a) | | | 221,000 | | | 226,028 |
6.38%, 03/15/2029(a) | | | 150,000 | | | 152,955 |
| | | | | | | |
| | | | | | | |
6.63%, 03/15/2032(a) | | | $140,000 | | | $143,717 |
Wrangler Holdco Corp., 6.63%, 04/01/2032(a) | | | 85,000 | | | 86,836 |
XPO, Inc.
| | | | | | |
7.13%, 06/01/2031(a) | | | 75,000 | | | 77,575 |
7.13%, 02/01/2032(a) | | | 95,000 | | | 98,629 |
| | | | | | 14,824,235 |
Information Technology - 2.7%
| | | | | | |
Cloud Software Group, Inc.
| | | | | | |
6.50%, 03/31/2029(a) | | | 669,000 | | | 652,710 |
9.00%, 09/30/2029(a)(b) | | | 638,000 | | | 638,000 |
8.25%, 06/30/2032(a)(b) | | | 301,000 | | | 309,184 |
Entegris, Inc.
| | | | | | |
4.38%, 04/15/2028(a) | | | 70,000 | | | 66,800 |
4.75%, 04/15/2029(a) | | | 337,000 | | | 326,251 |
5.95%, 06/15/2030(a) | | | 150,000 | | | 149,649 |
Fair Isaac Corp.
| | | | | | |
5.25%, 05/15/2026(a) | | | 65,000 | | | 65,097 |
4.00%, 06/15/2028(a) | | | 150,000 | | | 142,485 |
Gen Digital, Inc.
| | | | | | |
6.75%, 09/30/2027(a) | | | 150,000 | | | 152,625 |
7.13%, 09/30/2030(a) | | | 100,000 | | | 103,512 |
McAfee Corp., 7.38%, 02/15/2030(a)(b) | | | 337,000 | | | 325,330 |
NCR Voyix Corp., 5.00%, 10/01/2028(a) | | | 140,000 | | | 134,461 |
Newfold Digital Holdings Group, Inc., 11.75%, 10/15/2028(a) | | | 146,000 | | | 144,167 |
Open Text Corp.
| | | | | | |
3.88%, 02/15/2028(a) | | | 150,000 | | | 141,000 |
3.88%, 12/01/2029(a) | | | 140,000 | | | 127,591 |
Twilio, Inc.
| | | | | | |
3.63%, 03/15/2029 | | | 85,000 | | | 78,227 |
3.88%, 03/15/2031 | | | 85,000 | | | 76,712 |
UKG, Inc., 6.88%, 02/01/2031(a)(b) | | | 417,000 | | | 427,034 |
Viasat, Inc.
| | | | | | |
5.63%, 04/15/2027(a) | | | 140,000 | | | 130,757 |
7.50%, 05/30/2031(a)(b) | | | 166,000 | | | 108,838 |
Western Digital Corp., 4.75%, 02/15/2026 | | | 382,000 | | | 378,520 |
Xerox Holdings Corp.
| | | | | | |
5.50%, 08/15/2028(a) | | | 125,000 | | | 102,719 |
8.88%, 11/30/2029(a) | | | 85,000 | | | 73,853 |
| | | | | | 4,855,522 |
Materials - 7.8%
| | | | | | |
Alcoa Nederland Holding BV
| | | | | | |
5.50%, 12/15/2027(a)(b) | | | 125,000 | | | 123,736 |
6.13%, 05/15/2028(a) | | | 85,000 | | | 85,157 |
4.13%, 03/31/2029(a) | | | 90,000 | | | 84,542 |
7.13%, 03/15/2031(a) | | | 125,000 | | | 130,360 |
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
| | | | | | |
6.00%, 06/15/2027(a) | | | 100,000 | | | 99,791 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Materials - (Continued)
|
3.25%, 09/01/2028(a)(b) | | | $100,000 | | | $90,062 |
4.00%, 09/01/2029(a) | | | 176,000 | | | 154,493 |
Ardagh Packaging Finance PLC/ Ardagh Holdings USA, Inc.
| | | | | | |
4.13%, 08/15/2026(a)(b) | | | 231,000 | | | 200,970 |
5.25%, 08/15/2027(a)(b) | | | 271,000 | | | 162,600 |
Arsenal AIC Parent LLC
| | | | | | |
8.00%, 10/01/2030(a) | | | 115,000 | | | 121,023 |
11.50%, 10/01/2031(a) | | | 130,000 | | | 144,743 |
Avient Corp.
| | | | | | |
7.13%, 08/01/2030(a) | | | 120,000 | | | 123,538 |
6.25%, 11/01/2031(a) | | | 110,000 | | | 110,275 |
Axalta Coating Systems Dutch Holding B BV, 7.25%, 02/15/2031(a) | | | 85,000 | | | 88,728 |
Axalta Coating Systems LLC, 3.38%, 02/15/2029(a) | | | 130,000 | | | 119,717 |
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/2027(a) | | | 85,000 | | | 83,285 |
Ball Corp.
| | | | | | |
6.88%, 03/15/2028 | | | 125,000 | | | 128,420 |
6.00%, 06/15/2029 | | | 166,000 | | | 168,523 |
2.88%, 08/15/2030 | | | 236,000 | | | 204,809 |
3.13%, 09/15/2031 | | | 150,000 | | | 129,810 |
Berry Global, Inc., 5.63%, 07/15/2027(a) | | | 85,000 | | | 84,917 |
Chemours Co.
| | | | | | |
5.38%, 05/15/2027 | | | 90,000 | | | 86,330 |
5.75%, 11/15/2028(a) | | | 130,000 | | | 119,513 |
4.63%, 11/15/2029(a) | | | 115,000 | | | 99,159 |
Cleveland-Cliffs, Inc.
| | | | | | |
5.88%, 06/01/2027 | | | 90,000 | | | 89,926 |
6.88%, 11/01/2029(a) | | | 155,000 | | | 155,617 |
6.75%, 04/15/2030(a) | | | 135,000 | | | 135,371 |
7.00%, 03/15/2032(a) | | | 251,000 | | | 251,314 |
7.38%, 05/01/2033(a) | | | 155,000 | | | 156,162 |
Clydesdale Acquisition Holdings, Inc.
| | | | | | |
6.63%, 04/15/2029(a) | | | 85,000 | | | 85,267 |
6.88%, 01/15/2030(a) | | | 90,000 | | | 91,259 |
8.75%, 04/15/2030(a)(b) | | | 186,000 | | | 188,769 |
Constellium SE,
3.75%, 04/15/2029(a) | | | 100,000 | | | 90,519 |
Crown Americas LLC, 5.25%, 04/01/2030 | | | 85,000 | | | 83,523 |
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/2026 | | | 80,000 | | | 78,325 |
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/2026 | | | 145,000 | | | 144,034 |
FMG Resources August 2006 Pty Ltd.
| | | | | | |
4.50%, 09/15/2027(a) | | | 100,000 | | | 97,268 |
5.88%, 04/15/2030(a) | | | 130,000 | | | 129,034 |
| | | | | | | |
| | | | | | | |
4.38%, 04/01/2031(a) | | | $286,000 | | | $260,517 |
6.13%, 04/15/2032(a) | | | 150,000 | | | 150,563 |
Glatfelter Corp.,
7.25%, 11/15/2031(a) | | | 145,000 | | | 143,767 |
Graphic Packaging International LLC
| | | | | | |
3.50%, 03/15/2028(a) | | | 145,000 | | | 135,255 |
3.75%, 02/01/2030(a) | | | 70,000 | | | 64,024 |
6.38%, 07/15/2032(a) | | | 85,000 | | | 85,744 |
INEOS Finance PLC
| | | | | | |
6.75%, 05/15/2028(a) | | | 70,000 | | | 70,609 |
7.50%, 04/15/2029(a) | | | 130,000 | | | 133,955 |
Kaiser Aluminum Corp.
| | | | | | |
4.63%, 03/01/2028(a) | | | 85,000 | | | 80,951 |
4.50%, 06/01/2031(a) | | | 115,000 | | | 102,522 |
LABL, Inc.
| | | | | | |
10.50%, 07/15/2027(a) | | | 115,000 | | | 113,850 |
8.25%, 11/01/2029(a) | | | 155,000 | | | 136,472 |
8.63%, 10/01/2031(a) | | | 150,000 | | | 144,600 |
Mauser Packaging Solutions Holding Co.
|
7.88%, 04/15/2027(a) | | | 472,000 | | | 484,980 |
9.25%, 04/15/2027(a) | | | 221,000 | | | 226,111 |
Mercer International, Inc., 5.13%, 02/01/2029 | | | 171,000 | | | 147,293 |
Methanex Corp.
| | | | | | |
5.13%, 10/15/2027 | | | 135,000 | | | 131,413 |
5.25%, 12/15/2029 | | | 145,000 | | | 139,775 |
Mineral Resources Ltd.
| | | | | | |
8.13%, 05/01/2027(a) | | | 115,000 | | | 115,818 |
8.00%, 11/01/2027(a) | | | 100,000 | | | 102,500 |
9.25%, 10/01/2028(a) | | | 181,000 | | | 190,572 |
8.50%, 05/01/2030(a) | | | 100,000 | | | 102,907 |
NOVA Chemicals Corp.
| | | | | | |
5.25%, 06/01/2027(a) | | | 176,000 | | | 172,790 |
8.50%, 11/15/2028(a) | | | 65,000 | | | 68,934 |
4.25%, 05/15/2029(a) | | | 95,000 | | | 86,490 |
9.00%, 02/15/2030(a) | | | 110,000 | | | 117,081 |
Novelis Corp.
| | | | | | |
3.25%, 11/15/2026(a) | | | 125,000 | | | 120,222 |
4.75%, 01/30/2030(a) | | | 266,000 | | | 249,285 |
3.88%, 08/15/2031(a) | | | 140,000 | | | 122,915 |
OI European Group BV, 4.75%, 02/15/2030(a) | | | 75,000 | | | 68,006 |
Olin Corp.
| | | | | | |
5.13%, 09/15/2027 | | | 85,000 | | | 83,733 |
5.63%, 08/01/2029 | | | 110,000 | | | 108,487 |
5.00%, 02/01/2030 | | | 85,000 | | | 81,075 |
Olympus Water US Holding Corp.
| | | | | | |
4.25%, 10/01/2028(a) | | | 145,000 | | | 135,937 |
9.75%, 11/15/2028(a) | | | 306,000 | | | 324,290 |
6.25%, 10/01/2029(a) | | | 75,000 | | | 71,437 |
7.25%, 06/15/2031(a) | | | 140,000 | | | 143,210 |
Owens-Brockway Glass Container, Inc.
|
6.63%, 05/13/2027(a) | | | 100,000 | | | 99,492 |
7.25%, 05/15/2031(a)(b) | | | 115,000 | | | 113,350 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Materials - (Continued)
|
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC, 4.00%, 10/15/2027(a) | | | $166,000 | | | $158,673 |
SCIH Salt Holdings, Inc.
| | | | | | |
4.88%, 05/01/2028(a) | | | 181,000 | | | 173,307 |
6.63%, 05/01/2029(a) | | | 150,000 | | | 145,281 |
Scotts Miracle-Gro Co.
| | | | | | |
4.50%, 10/15/2029 | | | 75,000 | | | 70,711 |
4.00%, 04/01/2031 | | | 171,000 | | | 152,953 |
4.38%, 02/01/2032 | | | 115,000 | | | 103,993 |
Sealed Air Corp.
| | | | | | |
4.00%, 12/01/2027(a) | | | 110,000 | | | 105,299 |
5.00%, 04/15/2029(a) | | | 130,000 | | | 125,560 |
6.50%, 07/15/2032(a) | | | 65,000 | | | 65,634 |
Sealed Air Corp./Sealed Air Corp. US
| | | | | | |
6.13%, 02/01/2028(a) | | | 130,000 | | | 131,423 |
7.25%, 02/15/2031(a) | | | 70,000 | | | 72,488 |
Silgan Holdings, Inc., 4.13%, 02/01/2028 | | | 95,000 | | | 90,606 |
Smyrna Ready Mix Concrete LLC
| | | | | | |
6.00%, 11/01/2028(a) | | | 181,000 | | | 179,253 |
8.88%, 11/15/2031(a) | | | 206,000 | | | 216,362 |
Standard Industries, Inc./NJ, 4.75%, 01/15/2028(a) | | | 166,000 | | | 160,081 |
Standard Industries, Inc./NY
| | | | | | |
5.00%, 02/15/2027(a) | | | 140,000 | | | 137,025 |
4.38%, 07/15/2030(a)(b) | | | 266,000 | | | 244,514 |
3.38%, 01/15/2031(a) | | | 186,000 | | | 161,518 |
6.50%, 08/15/2032(a) | | | 85,000 | | | 85,396 |
Summit Materials LLC/Summit Materials Finance Corp.
| | | | | | |
5.25%, 01/15/2029(a) | | | 115,000 | | | 113,971 |
7.25%, 01/15/2031(a) | | | 135,000 | | | 140,136 |
Trivium Packaging Finance BV
| | | | | | |
5.50%, 08/15/2026(a) | | | 176,000 | | | 174,460 |
8.50%, 08/15/2027(a) | | | 115,000 | | | 114,791 |
Tronox, Inc., 4.63%, 03/15/2029(a) | | | 186,000 | | | 168,538 |
WR Grace Holdings LLC
| | | | | | |
4.88%, 06/15/2027(a) | | | 130,000 | | | 127,429 |
5.63%, 08/15/2029(a) | | | 216,000 | | | 199,800 |
| | | | | | 13,771,023 |
Real Estate - 1.6%
| | | | | | |
Diversified Healthcare Trust
| | | | | | |
4.75%, 02/15/2028 | | | 90,000 | | | 79,769 |
4.38%, 03/01/2031 | | | 85,000 | | | 68,822 |
Howard Hughes Corp.
| | | | | | |
5.38%, 08/01/2028(a) | | | 125,000 | | | 121,442 |
4.13%, 02/01/2029(a) | | | 110,000 | | | 101,304 |
4.38%, 02/01/2031(a) | | | 110,000 | | | 98,584 |
Iron Mountain, Inc.
| | | | | | |
4.88%, 09/15/2027(a) | | | 166,000 | | | 163,054 |
5.25%, 03/15/2028(a) | | | 145,000 | | | 142,368 |
| | | | | | | |
| | | | | | | |
5.00%, 07/15/2028(a) | | | $90,000 | | | $87,652 |
7.00%, 02/15/2029(a) | | | 166,000 | | | 170,649 |
4.88%, 09/15/2029(a) | | | 166,000 | | | 159,515 |
5.25%, 07/15/2030(a) | | | 216,000 | | | 209,015 |
4.50%, 02/15/2031(a) | | | 181,000 | | | 168,398 |
5.63%, 07/15/2032(a) | | | 100,000 | | | 97,210 |
SBA Communications Corp.
| | | | | | |
3.88%, 02/15/2027 | | | 251,000 | | | 242,971 |
3.13%, 02/01/2029(b) | | | 251,000 | | | 228,410 |
Service Properties Trust
| | | | | | |
4.75%, 10/01/2026 | | | 140,000 | | | 131,834 |
5.50%, 12/15/2027 | | | 120,000 | | | 113,090 |
8.38%, 06/15/2029(b) | | | 171,000 | | | 166,693 |
8.63%, 11/15/2031(a) | | | 166,000 | | | 174,454 |
8.88%, 06/15/2032(b) | | | 166,000 | | | 153,841 |
| | | | | | 2,879,075 |
Technology - 2.2%
| | | | | | |
AthenaHealth Group, Inc., 6.50%, 02/15/2030(a)(b) | | | 412,000 | | | 389,340 |
Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc., 8.00%, 06/15/2029(a) | | | 125,000 | | | 127,759 |
Central Parent, Inc./CDK Global, Inc., 7.25%, 06/15/2029(a) | | | 125,000 | | | 125,385 |
Clarivate Science Holdings Corp.
| | | | | | |
3.88%, 07/01/2028(a) | | | 155,000 | | | 146,557 |
4.88%, 07/01/2029(a) | | | 155,000 | | | 146,441 |
CommScope LLC
| | | | | | |
6.00%, 03/01/2026(a) | | | 251,000 | | | 245,499 |
8.25%, 03/01/2027(a) | | | 171,000 | | | 161,365 |
7.13%, 07/01/2028(a) | | | 125,000 | | | 109,726 |
4.75%, 09/01/2029(a) | | | 221,000 | | | 184,811 |
CommScope Technologies LLC, 5.00%, 03/15/2027(a) | | | 140,000 | | | 123,900 |
Fortress Intermediate 3, Inc., 7.50%, 06/01/2031(a) | | | 125,000 | | | 129,500 |
Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl, 8.75%, 05/01/2029(a) | | | 115,000 | | | 116,725 |
Imola Merger Corp., 4.75%, 05/15/2029(a) | | | 332,000 | | | 322,681 |
ION Trading Technologies Sarl
| | | | | | |
5.75%, 05/15/2028(a) | | | 75,000 | | | 67,931 |
9.50%, 05/30/2029(a) | | | 130,000 | | | 132,275 |
Open Text Holdings, Inc.
| | | | | | |
4.13%, 02/15/2030(a) | | | 150,000 | | | 137,578 |
4.13%, 12/01/2031(a) | | | 115,000 | | | 102,985 |
Rocket Software, Inc.
| | | | | | |
9.00%, 11/28/2028(a) | | | 135,000 | | | 140,716 |
6.50%, 02/15/2029(a) | | | 110,000 | | | 101,922 |
Seagate HDD Cayman
| | | | | | |
4.88%, 06/01/2027 | | | 90,000 | | | 88,760 |
4.09%, 06/01/2029 | | | 90,000 | | | 84,816 |
8.25%, 12/15/2029 | | | 85,000 | | | 91,376 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
CORPORATE BONDS - (Continued)
|
Technology - (Continued)
|
8.50%, 07/15/2031 | | | $85,000 | | | $91,586 |
9.63%, 12/01/2032 | | | 125,000 | | | 142,500 |
SS&C Technologies, Inc.
| | | | | | |
5.50%, 09/30/2027(a) | | | 332,000 | | | 331,274 |
6.50%, 06/01/2032(a) | | | 125,000 | | | 127,250 |
| | | | | | 3,970,658 |
Utilities - 3.8%
| | | | | | |
AES Corp., 7.60% to 01/15/2030 then 5 yr. CMT Rate + 3.20%, 01/15/2055 | | | 155,000 | | | 160,619 |
Alpha Generation LLC, 6.75%, 10/15/2032(a) | | | 166,000 | | | 167,707 |
AmeriGas Partners LP/AmeriGas Finance Corp.
| | | | | | |
5.88%, 08/20/2026 | | | 115,000 | | | 112,452 |
5.75%, 05/20/2027 | | | 85,000 | | | 81,722 |
9.38%, 06/01/2028(a) | | | 85,000 | | | 87,444 |
Calpine Corp.
| | | | | | |
4.50%, 02/15/2028(a) | | | 206,000 | | | 198,209 |
5.13%, 03/15/2028(a) | | | 256,000 | | | 250,171 |
4.63%, 02/01/2029(a) | | | 110,000 | | | 104,279 |
5.00%, 02/01/2031(a) | | | 140,000 | | | 131,863 |
3.75%, 03/01/2031(a) | | | 150,000 | | | 135,202 |
Clearway Energy Operating LLC
| | | | | | |
4.75%, 03/15/2028(a) | | | 140,000 | | | 135,773 |
3.75%, 02/15/2031(a) | | | 155,000 | | | 137,960 |
DPL, Inc., 4.35%, 04/15/2029 | | | 65,000 | | | 60,916 |
Edison International
| | | | | | |
8.13% to 06/15/2028 then 5 yr. CMT Rate + 3.86%, 06/15/2053 | | | 85,000 | | | 89,029 |
7.88% to 06/15/2029 then 5 yr. CMT Rate + 3.66%, 06/15/2054 | | | 75,000 | | | 78,656 |
Electricite de France SA, 9.13% to 06/15/2033 then 5 yr. CMT Rate + 5.41%, Perpetual(a) | | | 251,000 | | | 284,680 |
Emera, Inc., 6.75% to 06/15/2026 then 3 mo. LIBOR US + 5.44%, 06/15/2076(c) | | | 201,000 | | | 202,085 |
EUSHI Finance, Inc., 7.63% to 12/15/2029 then 5 yr. CMT Rate + 3.14%, 12/15/2054(a) | | | 85,000 | | | 88,080 |
Ferrellgas LP/Ferrellgas Finance Corp.
| | | | | | |
5.38%, 04/01/2026(a) | | | 110,000 | | | 109,149 |
5.88%, 04/01/2029(a)(b) | | | 135,000 | | | 125,719 |
Lightning Power LLC, 7.25%, 08/15/2032(a) | | | 251,000 | | | 261,040 |
NextEra Energy Operating Partners LP
|
3.88%, 10/15/2026(a) | | | 85,000 | | | 81,993 |
4.50%, 09/15/2027(a) | | | 90,000 | | | 86,400 |
7.25%, 01/15/2029(a)(b) | | | 125,000 | | | 128,603 |
NRG Energy, Inc.
| | | | | | |
5.75%, 01/15/2028 | | | 135,000 | | | 135,130 |
3.38%, 02/15/2029(a) | | | 85,000 | | | 77,430 |
| | | | | | | |
| | | | | | | |
5.25%, 06/15/2029(a) | | | $120,000 | | | $117,300 |
5.75%, 07/15/2029(a)(d) | | | 135,000 | | | 133,335 |
3.63%, 02/15/2031(a) | | | 181,000 | | | 160,230 |
3.88%, 02/15/2032(a) | | | 85,000 | | | 75,351 |
6.00%, 02/01/2033(a) | | | 230,000 | | | 228,620 |
6.25%, 11/01/2034(a) | | | 235,000 | | | 234,671 |
PG&E Corp.
| | | | | | |
5.00%, 07/01/2028 | | | 176,000 | | | 169,444 |
5.25%, 07/01/2030 | | | 176,000 | | | 171,122 |
7.38% to 03/15/2030 then 5 yr. CMT Rate + 3.88%, 03/15/2055 | | | 166,000 | | | 171,450 |
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/2031(a) | | | 110,000 | | | 100,865 |
Talen Energy Supply LLC, 8.63%, 06/01/2030(a) | | | 201,000 | | | 216,879 |
TerraForm Power Operating LLC
| | | | | | |
5.00%, 01/31/2028(a) | | | 115,000 | | | 112,412 |
4.75%, 01/15/2030(a) | | | 115,000 | | | 107,305 |
Vistra Operations Co. LLC
| | | | | | |
5.50%, 09/01/2026(a) | | | 166,000 | | | 165,160 |
5.63%, 02/15/2027(a) | | | 216,000 | | | 215,460 |
5.00%, 07/31/2027(a) | | | 216,000 | | | 212,903 |
4.38%, 05/01/2029(a) | | | 221,000 | | | 209,909 |
7.75%, 10/15/2031(a) | | | 241,000 | | | 254,556 |
6.88%, 04/15/2032(a) | | | 166,000 | | | 171,602 |
| | | | | | 6,740,885 |
TOTAL CORPORATE BONDS
(Cost $175,364,171) | | | | | | 173,981,177 |
| | | Units | | | |
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 9.2%
| | | | | | |
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(e) | | | 16,376,878 | | | 16,376,878 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $16,376,878) | | | | | | 16,376,878 |
TOTAL INVESTMENTS - 107.4%
(Cost $191,741,049) | | | | | | $190,358,055 |
Liabilities in Excess of Other
Assets - (7.4)% | | | | | | (13,138,514) |
TOTAL NET ASSETS - 100.0% | | | | | | $177,219,541 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
AG - Aktiengesellschaft
CMT - Constant Maturity Treasury Rate
LIBOR - London Interbank Offered Rate
PIK - Payment in Kind
PLC - Public Limited Company
SA - Sociedad Anónima
SE - Societas Europeae
SpA - Societa per Azioni
(a)
| Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of October 31, 2024, the value of these securities total $145,232,345 or 82.0% of the Fund’s net assets. |
(b)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $15,898,910 which represented 9.0% of net assets. |
(c)
| Securities referencing LIBOR are expected to transition to an alternative reference rate by the security’s next scheduled coupon reset date. |
(d)
| Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $133,335 or 0.1% of net assets as of October 31, 2024. |
(e)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
(a)
| Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of $16,376,878 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Large Cap ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 97.8%
| | | | | | |
Communication Services - 9.1%
| | | | | | |
Alphabet, Inc. - Class A | | | 382,862 | | | $65,511,517 |
Alphabet, Inc. - Class C | | | 314,039 | | | 54,231,395 |
AT&T, Inc. | | | 467,140 | | | 10,529,336 |
Charter Communications, Inc. - Class A(a)(b) | | | 6,315 | | | 2,068,857 |
Comcast Corp. - Class A | | | 251,675 | | | 10,990,647 |
Electronic Arts, Inc. | | | 15,663 | | | 2,362,764 |
Fox Corp. - Class A(b) | | | 14,635 | | | 614,670 |
Fox Corp. - Class B | | | 8,675 | | | 337,978 |
Interpublic Group of Cos., Inc. | | | 25,400 | | | 746,760 |
Live Nation Entertainment, Inc.(a)(b) | | | 10,196 | | | 1,194,359 |
Match Group, Inc.(a) | | | 16,803 | | | 605,412 |
Meta Platforms, Inc. - Class A | | | 142,771 | | | 81,033,964 |
Netflix, Inc.(a) | | | 28,061 | | | 21,214,958 |
News Corp. - Class A | | | 25,098 | | | 683,921 |
News Corp. - Class B(b) | | | 7,557 | | | 219,455 |
Omnicom Group, Inc. | | | 13,004 | | | 1,313,404 |
Paramount Global - Class B(b) | | | 38,744 | | | 423,859 |
Take-Two Interactive Software, Inc.(a) | | | 10,483 | | | 1,695,311 |
T-Mobile US, Inc. | | | 31,914 | | | 7,121,928 |
Verizon Communications, Inc. | | | 275,014 | | | 11,586,340 |
Walt Disney Co. | | | 118,165 | | | 11,367,473 |
Warner Bros Discovery, Inc.(a) | | | 146,059 | | | 1,187,460 |
| | | | | | 287,041,768 |
Consumer Discretionary - 10.0%
| | | | | | |
Airbnb, Inc. - Class A(a) | | | 28,888 | | | 3,893,814 |
Amazon.com, Inc.(a) | | | 610,411 | | | 113,780,610 |
Aptiv PLC(a) | | | 17,304 | | | 983,386 |
AutoZone, Inc.(a) | | | 1,099 | | | 3,306,891 |
Bath & Body Works, Inc. | | | 12 | | | 341 |
Best Buy Co., Inc. | | | 12,802 | | | 1,157,685 |
Booking Holdings, Inc. | | | 2,189 | | | 10,236,311 |
BorgWarner, Inc. | | | 15,522 | | | 522,005 |
Caesars Entertainment, Inc.(a) | | | 14,214 | | | 569,271 |
CarMax, Inc.(a)(b) | | | 10,483 | | | 758,760 |
Carnival Corp.(a) | | | 66,322 | | | 1,459,084 |
Chipotle Mexican Grill, Inc.(a) | | | 89,229 | | | 4,976,301 |
Darden Restaurants, Inc. | | | 7,714 | | | 1,234,394 |
Deckers Outdoor Corp.(a) | | | 10,126 | | | 1,629,172 |
Domino’s Pizza, Inc. | | | 2,319 | | | 959,440 |
DR Horton, Inc. | | | 19,119 | | | 3,231,111 |
eBay, Inc. | | | 31,855 | | | 1,831,981 |
Expedia Group, Inc.(a) | | | 8,215 | | | 1,284,087 |
Ford Motor Co. | | | 254,368 | | | 2,617,447 |
Garmin Ltd. | | | 10,077 | | | 1,998,773 |
General Motors Co. | | | 73,215 | | | 3,716,393 |
Genuine Parts Co. | | | 9,274 | | | 1,063,728 |
Hasbro, Inc. | | | 8,567 | | | 562,252 |
Hilton Worldwide Holdings, Inc. | | | 16,161 | | | 3,795,411 |
Home Depot, Inc. | | | 64,839 | | | 25,530,356 |
Las Vegas Sands Corp. | | | 23,029 | | | 1,194,054 |
| | | | | | | |
| | | | | | | |
Lennar Corp. - Class A | | | 15,751 | | | $2,682,395 |
LKQ Corp. | | | 17,632 | | | 648,681 |
Lowe’s Cos., Inc. | | | 37,126 | | | 9,720,701 |
Lululemon Athletica, Inc.(a) | | | 7,493 | | | 2,232,165 |
Marriott International, Inc. - Class A | | | 15,235 | | | 3,961,405 |
McDonald’s Corp. | | | 46,739 | | | 13,652,929 |
MGM Resorts International(a)(b) | | | 15,028 | | | 554,082 |
Mohawk Industries, Inc.(a) | | | 3,528 | | | 473,705 |
NIKE, Inc. - Class B | | | 78,280 | | | 6,037,736 |
Norwegian Cruise Line Holdings
Ltd.(a) | | | 28,020 | | | 710,027 |
NVR, Inc.(a) | | | 200 | | | 1,830,562 |
O’Reilly Automotive, Inc.(a) | | | 3,779 | | | 4,357,716 |
Pool Corp. | | | 2,519 | | | 910,971 |
PulteGroup, Inc. | | | 13,520 | | | 1,751,246 |
Ralph Lauren Corp. | | | 2,619 | | | 518,379 |
Ross Stores, Inc. | | | 21,728 | | | 3,035,836 |
Royal Caribbean Cruises Ltd.(b) | | | 15,521 | | | 3,202,758 |
Starbucks Corp. | | | 73,789 | | | 7,209,185 |
Tapestry, Inc. | | | 15,321 | | | 726,981 |
Tesla Motors, Inc.(a) | | | 181,410 | | | 45,325,289 |
TJX Cos., Inc. | | | 73,859 | | | 8,348,283 |
Tractor Supply Co. | | | 7,157 | | | 1,900,255 |
Ulta Beauty, Inc.(a) | | | 3,116 | | | 1,149,742 |
Wynn Resorts Ltd. | | | 6,356 | | | 610,303 |
Yum! Brands, Inc.(b) | | | 18,452 | | | 2,420,164 |
| | | | | | 316,264,554 |
Consumer Staples - 5.8%
| | | | | | |
Altria Group, Inc. | | | 111,160 | | | 6,053,774 |
Archer-Daniels-Midland Co. | | | 31,157 | | | 1,720,178 |
Brown-Forman Corp. - Class B(b) | | | 12,095 | | | 532,543 |
Bunge Global SA | | | 9,238 | | | 776,177 |
Campbell Soup Co.(b) | | | 13,004 | | | 606,637 |
Church & Dwight Co., Inc. | | | 16,125 | | | 1,611,049 |
Clorox Co. | | | 8,166 | | | 1,294,719 |
Coca-Cola Co. | | | 253,318 | | | 16,544,199 |
Colgate-Palmolive Co. | | | 53,235 | | | 4,988,652 |
Conagra Brands, Inc. | | | 31,448 | | | 910,105 |
Constellation Brands, Inc. - Class A | | | 10,195 | | | 2,368,706 |
Costco Wholesale Corp. | | | 28,988 | | | 25,340,730 |
Dollar General Corp. | | | 14,414 | | | 1,153,697 |
Dollar Tree, Inc.(a) | | | 13,164 | | | 850,921 |
Estee Lauder Cos., Inc. | | | 15,321 | | | 1,056,230 |
General Mills, Inc. | | | 36,263 | | | 2,466,609 |
Hershey Co.(b) | | | 9,626 | | | 1,709,385 |
Hormel Foods Corp. | | | 19,052 | | | 582,039 |
J M Smucker Co. | | | 7,057 | | | 801,040 |
Kellanova | | | 17,334 | | | 1,397,987 |
Kenvue, Inc. | | | 125,068 | | | 2,867,809 |
Keurig Dr Pepper, Inc. | | | 68,917 | | | 2,270,815 |
Kimberly-Clark Corp. | | | 22,180 | | | 2,976,112 |
Kroger Co. | | | 43,443 | | | 2,422,816 |
Lamb Weston Holdings, Inc. | | | 9,576 | | | 743,959 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Large Cap ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Consumer Staples - (Continued)
|
McCormick & Co., Inc. | | | 16,531 | | | $1,293,385 |
Molson Coors Beverage Co. - Class B | | | 11,435 | | | 622,864 |
Mondelez International, Inc. - Class A | | | 87,604 | | | 5,999,122 |
Monster Beverage Corp.(a) | | | 46,290 | | | 2,438,557 |
PepsiCo, Inc. | | | 89,824 | | | 14,917,970 |
Philip Morris International, Inc. | | | 101,570 | | | 13,478,339 |
Procter & Gamble Co. | | | 153,914 | | | 25,423,515 |
Sysco Corp. | | | 32,026 | | | 2,400,349 |
Target Corp. | | | 30,339 | | | 4,552,064 |
The Kraft Heinz Co. | | | 57,498 | | | 1,923,883 |
Tyson Foods, Inc. - Class A | | | 18,850 | | | 1,104,421 |
Walgreens Boots Alliance, Inc. | | | 47,192 | | | 446,436 |
Walmart, Inc. | | | 283,993 | | | 23,273,226 |
| | | | | | 181,921,019 |
Energy - 3.4%
| | | | | | |
APA Corp.(b) | | | 23,476 | | | 554,034 |
Baker Hughes Co. | | | 64,712 | | | 2,464,233 |
Chevron Corp. | | | 110,817 | | | 16,491,786 |
ConocoPhillips | | | 75,649 | | | 8,286,591 |
Coterra Energy, Inc. | | | 48,168 | | | 1,152,179 |
Devon Energy Corp. | | | 40,802 | | | 1,578,221 |
Diamondback Energy, Inc. | | | 12,245 | | | 2,164,549 |
EOG Resources, Inc. | | | 37,052 | | | 4,518,862 |
EQT Corp. | | | 39,012 | | | 1,425,499 |
Exxon Mobil Corp. | | | 290,489 | | | 33,923,305 |
Halliburton Co. | | | 57,503 | | | 1,595,133 |
Hess Corp. | | | 18,243 | | | 2,453,319 |
Kinder Morgan, Inc. | | | 125,804 | | | 3,083,456 |
Marathon Oil Corp. | | | 36,439 | | | 1,009,360 |
Marathon Petroleum Corp. | | | 21,807 | | | 3,172,264 |
Occidental Petroleum Corp. | | | 43,670 | | | 2,188,304 |
ONEOK, Inc. | | | 38,430 | | | 3,723,098 |
Phillips 66 | | | 27,279 | | | 3,323,128 |
Schlumberger Ltd. | | | 92,502 | | | 3,706,555 |
Targa Resources Corp. | | | 14,274 | | | 2,383,187 |
Valero Energy Corp. | | | 20,870 | | | 2,708,091 |
Williams Cos., Inc. | | | 80,038 | | | 4,191,590 |
| | | | | | 106,096,744 |
Financials - 13.4%
| | | | | | |
Aflac, Inc. | | | 32,832 | | | 3,440,465 |
Allstate Corp. | | | 17,242 | | | 3,215,978 |
American Express Co. | | | 36,589 | | | 9,881,957 |
American International Group, Inc. | | | 41,958 | | | 3,183,773 |
Ameriprise Financial, Inc. | | | 6,391 | | | 3,261,327 |
Aon PLC - Class A | | | 14,259 | | | 5,231,199 |
Arch Capital Group Ltd.(a) | | | 24,491 | | | 2,413,833 |
Arthur J Gallagher & Co. | | | 14,214 | | | 3,996,977 |
Assurant, Inc. | | | 3,528 | | | 676,318 |
Bank of America Corp. | | | 439,811 | | | 18,392,896 |
Bank of New York Mellon Corp. | | | 48,078 | | | 3,623,158 |
Berkshire Hathaway, Inc. - Class B(a) | | | 119,708 | | | 53,978,731 |
| | | | | | | |
| | | | | | | |
Blackrock, Inc. | | | 9,059 | | | $8,887,151 |
Blackstone, Inc. | | | 46,915 | | | 7,869,991 |
Brown & Brown, Inc. | | | 15,524 | | | 1,624,431 |
Capital One Financial Corp.(b) | | | 25,098 | | | 4,085,703 |
Cboe Global Markets, Inc. | | | 6,957 | | | 1,485,807 |
Charles Schwab Corp. | | | 97,894 | | | 6,933,832 |
Chubb Ltd. | | | 24,468 | | | 6,910,742 |
Cincinnati Financial Corp. | | | 10,383 | | | 1,462,238 |
Citigroup, Inc. | | | 124,600 | | | 7,995,582 |
Citizens Financial Group, Inc. | | | 29,203 | | | 1,230,030 |
CME Group, Inc. | | | 23,448 | | | 5,284,241 |
Corpay, Inc.(a) | | | 4,528 | | | 1,492,972 |
Discover Financial Services | | | 16,539 | | | 2,454,884 |
Erie Indemnity Co. - Class A | | | 1,620 | | | 727,121 |
Everest Group Ltd. | | | 2,819 | | | 1,002,465 |
FactSet Research Systems, Inc. | | | 2,519 | | | 1,143,777 |
Fidelity National Information Services, Inc. | | | 35,535 | | | 3,188,556 |
Fifth Third Bancorp | | | 44,861 | | | 1,959,528 |
Fiserv, Inc.(a) | | | 37,513 | | | 7,423,823 |
Franklin Resources, Inc. | | | 18,654 | | | 387,444 |
Global Payments, Inc. | | | 16,581 | | | 1,719,616 |
Globe Life, Inc. | | | 5,745 | | | 606,672 |
Goldman Sachs Group, Inc. | | | 20,572 | | | 10,651,976 |
Hartford Financial Services Group, Inc. | | | 19,091 | | | 2,108,410 |
Huntington Bancshares, Inc. | | | 95,341 | | | 1,486,366 |
Intercontinental Exchange, Inc. | | | 37,631 | | | 5,865,544 |
Invesco Ltd. | | | 29,537 | | | 512,172 |
Jack Henry & Associates, Inc. | | | 4,838 | | | 880,177 |
JPMorgan Chase & Co. | | | 186,026 | | | 41,282,890 |
KeyCorp. | | | 61,677 | | | 1,063,928 |
KKR & Co., Inc. | | | 43,934 | | | 6,073,436 |
Loews Corp. | | | 12,203 | | | 963,549 |
M&T Bank Corp. | | | 10,903 | | | 2,122,596 |
MarketAxess Holdings, Inc. | | | 2,519 | | | 729,049 |
Marsh & McLennan Cos., Inc. | | | 32,027 | | | 6,989,572 |
Mastercard, Inc. - Class A | | | 53,899 | | | 26,927,401 |
MetLife, Inc. | | | 38,331 | | | 3,005,917 |
Moody’s Corp. | | | 10,193 | | | 4,628,030 |
Morgan Stanley | | | 81,674 | | | 9,494,603 |
MSCI, Inc. | | | 5,138 | | | 2,934,826 |
Nasdaq, Inc. | | | 26,958 | | | 1,992,735 |
Northern Trust Corp. | | | 13,135 | | | 1,320,330 |
PayPal Holdings, Inc.(a) | | | 66,602 | | | 5,281,539 |
PNC Financial Services Group, Inc. | | | 25,887 | | | 4,873,746 |
Principal Financial Group, Inc. | | | 13,872 | | | 1,143,053 |
Progressive Corp. | | | 38,165 | | | 9,267,607 |
Prudential Financial, Inc. | | | 23,258 | | | 2,848,640 |
Raymond James Financial, Inc. | | | 12,073 | | | 1,789,460 |
Regions Financial Corp. | | | 59,615 | | | 1,423,010 |
S&P Global, Inc. | | | 20,858 | | | 10,019,349 |
State Street Corp. | | | 19,456 | | | 1,805,517 |
Synchrony Financial | | | 25,743 | | | 1,419,469 |
T Rowe Price Group, Inc. | | | 14,714 | | | 1,616,480 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Large Cap ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Financials - (Continued)
|
Travelers Cos., Inc. | | | 14,843 | | | $3,650,487 |
Truist Financial Corp. | | | 87,695 | | | 3,775,270 |
US Bancorp | | | 102,552 | | | 4,954,287 |
Visa, Inc. - Class A | | | 109,152 | | | 31,637,707 |
W R Berkley Corp. | | | 20,132 | | | 1,150,946 |
Wells Fargo & Co. | | | 221,754 | | | 14,396,270 |
Willis Towers Watson PLC | | | 6,605 | | | 1,995,965 |
| | | | | | 421,255,527 |
Health Care - 11.1%
| | | | | | |
Abbott Laboratories | | | 113,641 | | | 12,883,480 |
AbbVie, Inc. | | | 115,351 | | | 23,516,608 |
Agilent Technologies, Inc. | | | 19,016 | | | 2,477,975 |
Align Technology, Inc.(a) | | | 4,578 | | | 938,627 |
Amgen, Inc. | | | 35,097 | | | 11,236,656 |
Baxter International, Inc. | | | 33,364 | | | 1,191,095 |
Becton Dickinson & Co. | | | 18,842 | | | 4,401,303 |
Biogen, Inc.(a) | | | 9,576 | | | 1,666,224 |
Bio-Techne Corp. | | | 10,383 | | | 765,746 |
Boston Scientific Corp.(a) | | | 96,492 | | | 8,107,258 |
Bristol-Myers Squibb Co. | | | 132,080 | | | 7,366,102 |
Cardinal Health, Inc. | | | 15,881 | | | 1,723,406 |
Catalent, Inc.(a) | | | 11,895 | | | 697,047 |
Cencora, Inc. | | | 11,356 | | | 2,590,077 |
Centene Corp.(a) | | | 34,263 | | | 2,133,214 |
Charles River Laboratories International, Inc.(a) | | | 3,428 | | | 612,172 |
Cigna Corp. | | | 18,215 | | | 5,734,264 |
Cooper Cos., Inc.(a) | | | 13,225 | | | 1,384,393 |
CVS Health Corp. | | | 82,025 | | | 4,631,132 |
Danaher Corp. | | | 41,880 | | | 10,288,241 |
DaVita, Inc.(a) | | | 2,998 | | | 419,150 |
DexCom, Inc.(a) | | | 26,121 | | | 1,841,008 |
Edwards Lifesciences Corp.(a) | | | 39,233 | | | 2,629,003 |
Elevance Health, Inc. | | | 15,214 | | | 6,173,233 |
Eli Lilly & Co. | | | 51,584 | | | 42,801,308 |
GE HealthCare Technologies, Inc. | | | 29,861 | | | 2,608,358 |
Gilead Sciences, Inc. | | | 81,114 | | | 7,204,545 |
HCA Healthcare, Inc. | | | 12,107 | | | 4,343,265 |
Henry Schein, Inc.(a) | | | 8,567 | | | 601,660 |
Hologic, Inc.(a) | | | 15,123 | | | 1,222,997 |
Humana, Inc. | | | 7,834 | | | 2,019,840 |
IDEXX Laboratories, Inc.(a) | | | 5,355 | | | 2,179,057 |
Incyte Corp.(a) | | | 10,425 | | | 772,701 |
Insulet Corp.(a)(b) | | | 4,654 | | | 1,077,541 |
Intuitive Surgical, Inc.(a) | | | 23,112 | | | 11,644,750 |
IQVIA Holdings, Inc.(a) | | | 11,275 | | | 2,320,621 |
Johnson & Johnson | | | 157,249 | | | 25,137,825 |
Labcorp Holdings, Inc. | | | 5,476 | | | 1,250,007 |
McKesson Corp. | | | 8,475 | | | 4,242,500 |
Medtronic PLC | | | 83,565 | | | 7,458,176 |
Merck & Co., Inc. | | | 165,480 | | | 16,931,914 |
Mettler-Toledo International, Inc.(a) | | | 1,376 | | | 1,777,448 |
| | | | | | | |
| | | | | | | |
Moderna, Inc.(a)(b) | | | 21,771 | | | $1,183,472 |
Molina Healthcare, Inc.(a) | | | 3,829 | | | 1,229,951 |
Pfizer, Inc. | | | 370,228 | | | 10,477,452 |
Quest Diagnostics, Inc. | | | 7,357 | | | 1,139,084 |
Regeneron Pharmaceuticals, Inc.(a) | | | 6,917 | | | 5,797,829 |
ResMed, Inc. | | | 9,676 | | | 2,346,140 |
Revvity, Inc. | | | 8,166 | | | 968,406 |
Solventum Corp.(a) | | | 9,133 | | | 662,873 |
STERIS PLC | | | 6,448 | | | 1,430,489 |
Stryker Corp. | | | 22,330 | | | 7,955,732 |
Teleflex, Inc. | | | 3,126 | | | 628,514 |
Thermo Fisher Scientific, Inc. | | | 25,003 | | | 13,659,639 |
UnitedHealth Group, Inc. | | | 60,377 | | | 34,082,817 |
Universal Health Services, Inc. - Class B | | | 3,866 | | | 789,862 |
Vertex Pharmaceuticals, Inc.(a) | | | 16,853 | | | 8,021,691 |
Viatris, Inc. | | | 78,936 | | | 915,658 |
Waters Corp.(a) | | | 3,829 | | | 1,237,188 |
West Pharmaceutical Services, Inc. | | | 4,838 | | | 1,489,765 |
Zimmer Biomet Holdings, Inc. | | | 13,264 | | | 1,418,187 |
Zoetis, Inc. | | | 29,538 | | | 5,280,804 |
| | | | | | 351,717,480 |
Industrials - 8.5%
| | | | | | |
3M Co. | | | 35,797 | | | 4,598,841 |
A O Smith Corp. | | | 7,806 | | | 586,231 |
Allegion PLC | | | 5,847 | | | 816,417 |
Amentum Holdings, Inc.(a) | | | 8,266 | | | 245,831 |
AMETEK, Inc. | | | 15,221 | | | 2,790,618 |
Automatic Data Processing, Inc. | | | 26,568 | | | 7,684,528 |
Axon Enterprise, Inc.(a) | | | 4,618 | | | 1,955,723 |
Boeing Co.(a) | | | 38,126 | | | 5,692,593 |
Broadridge Financial Solutions, Inc. | | | 7,758 | | | 1,635,852 |
Builders FirstSource, Inc.(a) | | | 7,578 | | | 1,298,869 |
Carrier Global Corp. | | | 55,236 | | | 4,016,762 |
Caterpillar, Inc. | | | 31,584 | | | 11,881,901 |
Ceridian HCM Holding, Inc.(a)(b) | | | 10,177 | | | 722,058 |
CH Robinson Worldwide, Inc. | | | 7,657 | | | 788,977 |
Cintas Corp. | | | 22,315 | | | 4,592,650 |
Copart, Inc.(a) | | | 57,213 | | | 2,944,753 |
CSX Corp. | | | 126,590 | | | 4,258,488 |
Cummins, Inc. | | | 8,922 | | | 2,935,160 |
Deere & Co. | | | 16,700 | | | 6,758,323 |
Delta Air Lines, Inc. | | | 42,334 | | | 2,422,351 |
Dover Corp. | | | 8,944 | | | 1,693,368 |
Eaton Corp. PLC | | | 25,927 | | | 8,596,875 |
Emerson Electric Co. | | | 37,664 | | | 4,077,881 |
Equifax, Inc. | | | 8,066 | | | 2,137,651 |
Expeditors International of Washington, Inc. | | | 9,204 | | | 1,095,276 |
Fastenal Co. | | | 37,608 | | | 2,940,193 |
FedEx Corp. | | | 14,767 | | | 4,043,943 |
Fortive Corp. | | | 23,173 | | | 1,655,247 |
GE Vernova, Inc.(a) | | | 17,904 | | | 5,400,921 |
Generac Holdings, Inc.(a) | | | 4,029 | | | 667,001 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Large Cap ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Industrials - (Continued)
|
General Dynamics Corp. | | | 16,805 | | | $4,900,506 |
General Electric Co. | | | 70,635 | | | 12,133,680 |
Honeywell International, Inc. | | | 42,670 | | | 8,776,366 |
Howmet Aerospace, Inc. | | | 26,593 | | | 2,651,854 |
Hubbell, Inc. | | | 3,516 | | | 1,501,437 |
Huntington Ingalls Industries, Inc. | | | 2,619 | | | 484,410 |
IDEX Corp. | | | 4,938 | | | 1,059,892 |
Illinois Tool Works, Inc. | | | 17,623 | | | 4,601,894 |
Ingersoll Rand, Inc. | | | 26,609 | | | 2,554,464 |
Jacobs Solutions, Inc. | | | 8,266 | | | 1,162,034 |
JB Hunt Trasport Services, Inc. | | | 5,347 | | | 965,775 |
Johnson Controls International PLC | | | 43,521 | | | 3,288,012 |
L3Harris Technologies, Inc. | | | 12,396 | | | 3,067,638 |
Leidos Holdings, Inc. | | | 8,976 | | | 1,644,044 |
Lockheed Martin Corp. | | | 13,812 | | | 7,542,043 |
Masco Corp. | | | 14,224 | | | 1,136,640 |
Nordson Corp. | | | 3,528 | | | 874,556 |
Norfolk Southern Corp. | | | 14,723 | | | 3,687,081 |
Northrop Grumman Corp. | | | 9,020 | | | 4,591,360 |
Old Dominion Freight Line, Inc. | | | 12,284 | | | 2,473,015 |
Otis Worldwide Corp. | | | 26,108 | | | 2,563,806 |
PACCAR, Inc. | | | 34,432 | | | 3,590,569 |
Parker-Hannifin Corp. | | | 8,377 | | | 5,311,604 |
Paychex, Inc. | | | 21,071 | | | 2,935,822 |
Paycom Software, Inc. | | | 3,226 | | | 674,331 |
Pentair PLC | | | 10,886 | | | 1,079,020 |
Quanta Services, Inc. | | | 9,576 | | | 2,888,409 |
Republic Services, Inc. | | | 13,295 | | | 2,632,410 |
Rockwell Automation, Inc. | | | 7,387 | | | 1,970,187 |
Rollins, Inc. | | | 18,464 | | | 870,393 |
RTX Corp. | | | 86,998 | | | 10,525,888 |
Snap-On, Inc. | | | 3,528 | | | 1,164,699 |
Southwest Airlines Co.(b) | | | 39,214 | | | 1,199,164 |
Stanley Black & Decker, Inc. | | | 10,077 | | | 936,556 |
Textron, Inc. | | | 12,202 | | | 981,285 |
Trane Technologies PLC | | | 14,703 | | | 5,442,462 |
TransDigm Group, Inc. | | | 3,659 | | | 4,765,116 |
Uber Technologies, Inc.(a) | | | 136,870 | | | 9,861,484 |
Union Pacific Corp. | | | 39,913 | | | 9,262,610 |
United Airlines Holdings, Inc.(a) | | | 21,571 | | | 1,688,146 |
United Parcel Service, Inc. - Class B | | | 47,710 | | | 6,396,003 |
United Rentals, Inc. | | | 4,336 | | | 3,524,301 |
Veralto Corp. | | | 16,098 | | | 1,645,055 |
Verisk Analytics, Inc. | | | 9,289 | | | 2,551,874 |
W.W. Grainger, Inc. | | | 2,919 | | | 3,237,842 |
Waste Management, Inc. | | | 23,798 | | | 5,136,798 |
Westinghouse Air Brake Technologies Corp. | | | 11,405 | | | 2,143,912 |
Xylem, Inc./NY | | | 15,835 | | | 1,928,386 |
| | | | | | 266,940,115 |
| | | | | | | |
| | | | | | | |
Information Technology - 31.7%(c)
| | | | | | |
Accenture PLC - Class A | | | 40,814 | | | $14,073,483 |
Adobe, Inc.(a) | | | 28,894 | | | 13,813,643 |
Advanced Micro Devices, Inc.(a) | | | 105,439 | | | 15,190,597 |
Akamai Technologies, Inc.(a) | | | 9,984 | | | 1,009,183 |
Amphenol Corp. - Class A | | | 78,482 | | | 5,259,864 |
Analog Devices, Inc. | | | 32,376 | | | 7,223,409 |
ANSYS, Inc.(a) | | | 5,747 | | | 1,841,396 |
Apple, Inc. | | | 994,087 | | | 224,574,194 |
Applied Materials, Inc. | | | 54,266 | | | 9,853,620 |
Arista Networks, Inc.(a) | | | 16,783 | | | 6,485,622 |
Autodesk, Inc.(a) | | | 14,112 | | | 4,004,986 |
Broadcom, Inc. | | | 304,171 | | | 51,639,111 |
Cadence Design System, Inc.(a) | | | 17,943 | | | 4,954,421 |
CDW Corp./DE | | | 8,767 | | | 1,650,212 |
Cisco Systems, Inc. | | | 262,482 | | | 14,376,139 |
Cognizant Technology Solutions Corp. - Class A | | | 32,296 | | | 2,408,959 |
Corning, Inc. | | | 50,598 | | | 2,407,959 |
Crowdstrike Holdings, Inc. -
Class A(a) | | | 15,048 | | | 4,467,300 |
Dell Technologies, Inc. - Class C | | | 18,784 | | | 2,322,266 |
Enphase Energy, Inc.(a) | | | 8,968 | | | 744,703 |
EPAM Systems, Inc.(a) | | | 3,829 | | | 722,341 |
F5, Inc.(a) | | | 3,929 | | | 918,914 |
Fair Isaac Corp.(a) | | | 1,595 | | | 3,179,010 |
First Solar, Inc.(a) | | | 7,049 | | | 1,370,890 |
Fortinet, Inc.(a) | | | 41,362 | | | 3,253,535 |
Gartner, Inc.(a) | | | 5,018 | | | 2,521,545 |
Gen Digital, Inc. | | | 35,281 | | | 1,027,030 |
GoDaddy, Inc. - Class A(a) | | | 9,232 | | | 1,539,898 |
Hewlett Packard Enterprise Co. | | | 84,976 | | | 1,656,182 |
HP, Inc. | | | 63,764 | | | 2,264,897 |
Intel Corp. | | | 278,152 | | | 5,985,831 |
International Business Machines Corp. | | | 60,019 | | | 12,407,128 |
Intuit, Inc. | | | 18,272 | | | 11,151,402 |
Jabil, Inc. | | | 7,388 | | | 909,389 |
Juniper Networks, Inc. | | | 21,071 | | | 819,662 |
Keysight Technologies, Inc.(a)(b) | | | 11,363 | | | 1,693,201 |
KLA Corp. | | | 8,756 | | | 5,833,510 |
Lam Research Corp. | | | 84,940 | | | 6,315,289 |
Microchip Technology, Inc. | | | 34,953 | | | 2,564,502 |
Micron Technology, Inc. | | | 72,211 | | | 7,195,826 |
Microsoft Corp. | | | 485,994 | | | 197,483,662 |
Monolithic Power Systems, Inc. | | | 3,223 | | | 2,447,224 |
Motorola Solutions, Inc. | | | 10,866 | | | 4,882,637 |
NetApp, Inc. | | | 13,394 | | | 1,544,462 |
NVIDIA Corp. | | | 1,608,417 | | | 213,533,441 |
NXP Semiconductors NV | | | 16,603 | | | 3,893,403 |
ON Semiconductor Corp.(a) | | | 28,328 | | | 1,996,841 |
Oracle Corp. | | | 104,597 | | | 17,555,560 |
Palantir Technologies, Inc. -
Class A(a) | | | 131,532 | | | 5,466,470 |
Palo Alto Networks, Inc.(a) | | | 21,094 | | | 7,600,801 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Large Cap ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Information Technology - (Continued)
|
PTC, Inc.(a) | | | 7,793 | | | $1,444,277 |
Qorvo, Inc.(a) | | | 6,456 | | | 460,055 |
QUALCOMM, Inc. | | | 72,574 | | | 11,812,870 |
Roper Technologies, Inc. | | | 7,057 | | | 3,794,761 |
salesforce.com, Inc. | | | 63,409 | | | 18,475,480 |
Seagate Technology Holdings PLC | | | 13,674 | | | 1,372,459 |
ServiceNow, Inc.(a) | | | 13,415 | | | 12,516,061 |
Skyworks Solutions, Inc. | | | 10,485 | | | 918,276 |
Super Micro Computer, Inc.(a)(b) | | | 32,365 | | | 942,145 |
Synopsys, Inc.(a) | | | 9,976 | | | 5,123,773 |
TE Connectivity PLC | | | 19,790 | | | 2,917,442 |
Teledyne Technologies, Inc.(a) | | | 3,126 | | | 1,423,330 |
Teradyne, Inc. | | | 10,635 | | | 1,129,543 |
Texas Instruments, Inc. | | | 59,479 | | | 12,083,754 |
Trimble, Inc.(a) | | | 16,431 | | | 994,075 |
Tyler Technologies, Inc.(a) | | | 2,779 | | | 1,682,935 |
VeriSign, Inc.(a) | | | 5,477 | | | 968,553 |
Western Digital Corp.(a) | | | 21,054 | | | 1,375,037 |
Zebra Technologies Corp. - Class A(a) | | | 3,428 | | | 1,309,393 |
| | | | | | 998,779,769 |
Materials - 2.2%
| | | | | | |
Air Products & Chemicals, Inc. | | | 14,614 | | | 4,538,085 |
Albemarle Corp.(b) | | | 7,658 | | | 725,442 |
Amcor PLC | | | 96,875 | | | 1,078,219 |
Avery Dennison Corp. | | | 5,238 | | | 1,084,423 |
Ball Corp. | | | 19,772 | | | 1,171,491 |
Celanese Corp.(b) | | | 7,119 | | | 896,780 |
CF Industries Holdings, Inc. | | | 11,762 | | | 967,189 |
Corteva, Inc. | | | 45,099 | | | 2,747,431 |
Dow, Inc. | | | 46,271 | | | 2,284,862 |
DuPont de Nemours, Inc. | | | 27,192 | | | 2,256,664 |
Eastman Chemical Co. | | | 7,766 | | | 816,129 |
Ecolab, Inc. | | | 16,503 | | | 4,055,282 |
FMC Corp. | | | 8,266 | | | 537,207 |
Freeport-McMoRan, Inc. | | | 94,452 | | | 4,252,229 |
International Flavors & Fragrances, Inc. | | | 16,833 | | | 1,673,705 |
International Paper Co.(b) | | | 22,789 | | | 1,265,701 |
Linde PLC | | | 31,373 | | | 14,310,794 |
LyondellBasell Industries NV -
Class A | | | 16,833 | | | 1,461,946 |
Martin Marietta Materials, Inc. | | | 4,029 | | | 2,386,538 |
Mosaic Co. | | | 21,879 | | | 585,482 |
Newmont Goldcorp Corp. | | | 74,756 | | | 3,396,913 |
Nucor Corp. | | | 15,677 | | | 2,223,626 |
Packaging Corp. of America | | | 5,947 | | | 1,361,506 |
PPG Industries, Inc. | | | 15,204 | | | 1,893,050 |
Sherwin-Williams Co. | | | 15,085 | | | 5,412,046 |
Smurfit WestRock PLC | | | 32,157 | | | 1,656,086 |
Steel Dynamics, Inc. | | | 9,355 | | | 1,220,828 |
Vulcan Materials Co. | | | 8,597 | | | 2,354,976 |
| | | | | | 68,614,630 |
| | | | | | | |
| | | | | | | |
Real Estate - 0.1%
| | | | | | |
CBRE Group, Inc. - Class A(a) | | | 19,620 | | | $2,569,631 |
CoStar Group, Inc.(a) | | | 26,910 | | | 1,958,779 |
| | | | | | 4,528,410 |
Utilities - 2.5%
| | | | | | |
AES Corp. | | | 46,312 | | | 763,685 |
Alliant Energy Corp. | | | 16,633 | | | 997,980 |
Ameren Corp. | | | 17,234 | | | 1,501,254 |
American Electric Power Co., Inc. | | | 34,677 | | | 3,424,354 |
American Water Works Co., Inc.(b) | | | 12,831 | | | 1,772,089 |
Atmos Energy Corp. | | | 10,106 | | | 1,402,511 |
CenterPoint Energy, Inc. | | | 41,533 | | | 1,226,469 |
CMS Energy Corp. | | | 19,252 | | | 1,340,132 |
Consolidated Edison, Inc. | | | 22,689 | | | 2,307,018 |
Constellation Energy Corp. | | | 20,375 | | | 5,357,810 |
Dominion Energy, Inc. | | | 55,037 | | | 3,276,353 |
DTE Energy Co. | | | 13,550 | | | 1,683,181 |
Duke Energy Corp. | | | 50,301 | | | 5,798,196 |
Edison International | | | 25,300 | | | 2,084,720 |
Entergy Corp. | | | 14,004 | | | 2,167,539 |
Evergy, Inc. | | | 15,221 | | | 919,957 |
Eversource Energy | | | 22,981 | | | 1,513,299 |
Exelon Corp. | | | 65,523 | | | 2,575,054 |
FirstEnergy Corp. | | | 33,983 | | | 1,421,509 |
NextEra Energy, Inc.(b) | | | 134,258 | | | 10,639,946 |
NiSource, Inc.(b) | | | 29,218 | | | 1,027,305 |
NRG Energy, Inc. | | | 13,569 | | | 1,226,638 |
PG&E Corp. | | | 139,253 | | | 2,815,696 |
Pinnacle West Capital Corp.(b) | | | 7,457 | | | 654,799 |
PPL Corp. | | | 48,549 | | | 1,580,755 |
Public Service Enterprise Group, Inc. | | | 32,849 | | | 2,937,029 |
Sempra | | | 41,371 | | | 3,449,100 |
Southern Co. | | | 71,771 | | | 6,533,314 |
Vistra Corp. | | | 22,374 | | | 2,795,855 |
WEC Energy Group, Inc. | | | 20,763 | | | 1,983,489 |
Xcel Energy, Inc. | | | 36,286 | | | 2,424,268 |
| | | | | | 79,601,304 |
TOTAL COMMON STOCKS
(Cost $2,330,311,333) | | | | | | 3,082,761,320 |
REAL ESTATE INVESTMENT TRUSTS - 2.1%
|
Alexandria Real Estate Equities,
Inc.(b) | | | 10,230 | | | 1,141,157 |
American Tower Corp. | | | 30,647 | | | 6,544,360 |
AvalonBay Communities, Inc. | | | 9,376 | | | 2,077,815 |
BXP, Inc. | | | 9,476 | | | 763,387 |
Camden Property Trust | | | 7,057 | | | 817,130 |
Crown Castle, Inc. | | | 28,626 | | | 3,077,009 |
Digital Realty Trust, Inc. | | | 20,062 | | | 3,575,650 |
Equinix, Inc. | | | 6,188 | | | 5,619,199 |
Equity Residential | | | 22,221 | | | 1,563,692 |
Essex Property Trust, Inc. | | | 4,138 | | | 1,174,613 |
Extra Space Storage, Inc. | | | 13,821 | | | 2,256,969 |
Federal Realty Investment Trust | | | 4,838 | | | 536,244 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Large Cap ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
REAL ESTATE INVESTMENT
TRUSTS - (Continued)
|
Healthpeak Properties, Inc. | | | 46,425 | | | $1,042,241 |
Host Hotels & Resorts, Inc. | | | 46,870 | | | 808,039 |
Invitation Homes, Inc. | | | 37,804 | | | 1,187,424 |
Iron Mountain, Inc. | | | 19,252 | | | 2,382,050 |
Kimco Realty Corp. | | | 43,917 | | | 1,041,711 |
Mid-America Apartment Communities, Inc. | | | 7,657 | | | 1,158,810 |
Prologis, Inc. | | | 60,325 | | | 6,813,106 |
Public Storage | | | 10,253 | | | 3,373,852 |
Realty Income Corp.(b) | | | 56,892 | | | 3,377,678 |
Regency Centers Corp. | | | 10,778 | | | 769,980 |
SBA Communications Corp. | | | 7,007 | | | 1,607,896 |
Simon Property Group, Inc. | | | 19,961 | | | 3,375,804 |
UDR, Inc. | | | 20,059 | | | 846,289 |
Ventas, Inc. | | | 26,509 | | | 1,736,074 |
VICI Properties, Inc. | | | 68,218 | | | 2,166,604 |
Welltower, Inc. | | | 37,700 | | | 5,084,976 |
Weyerhaeuser Co. | | | 48,147 | | | 1,500,261 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $58,685,858) | | | | | | 67,420,020 |
| | | Units | | | |
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 1.0%
| | | | | | |
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(d) | | | 32,168,328 | | | 32,168,328 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $32,168,328) | | | | | | 32,168,328 |
TOTAL INVESTMENTS - 100.9%
(Cost $2,421,165,519) | | | | | | $3,182,349,668 |
Liabilities in Excess of
Other Assets - (0.9)% | | | | | | (28,898,653) |
TOTAL NET ASSETS - 100.0% | | | | | | $3,153,451,015 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
NV - Naamloze Vennootschap
PLC - Public Limited Company
SA - Sociedad Anónima
(a)
| Non-income producing security. |
(b)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $31,390,048 which represented 1.0% of net assets. |
(c)
| To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors. |
(d)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Mid Cap ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 92.6%
| | | | | | |
Communication Services - 1.4%
| | | |
Frontier Communications Parent, Inc.(a) | | | 32,371 | | | $1,156,616 |
Iridium Communications, Inc. | | | 17,312 | | | 507,761 |
New York Times Co. - Class A | | | 23,920 | | | 1,335,693 |
Nexstar Media Group, Inc. | | | 4,443 | | | 781,612 |
TKO Group Holdings, Inc.(a) | | | 9,718 | | | 1,134,771 |
Warner Music Group Corp. - Class A(b) | | | 20,726 | | | 662,403 |
ZoomInfo Technologies, Inc.(a) | | | 42,224 | | | 466,575 |
| | | | | | 6,045,431 |
Consumer Discretionary - 13.3%
| | | | | | |
Aramark | | | 38,548 | | | 1,458,271 |
Autoliv, Inc. | | | 10,700 | | | 993,816 |
AutoNation, Inc.(a) | | | 3,834 | | | 596,072 |
Boyd Gaming Corp. | | | 10,073 | | | 697,958 |
Brunswick Corp./DE(b) | | | 9,693 | | | 772,920 |
Burlington Stores, Inc.(a) | | | 9,240 | | | 2,289,395 |
Capri Holdings Ltd.(a) | | | 17,233 | | | 340,179 |
Carter’s, Inc. | | | 5,286 | | | 289,144 |
Choice Hotels International, Inc.(b) | | | 3,317 | | | 462,755 |
Churchill Downs, Inc. | | | 10,745 | | | 1,505,374 |
Columbia Sportswear Co.(b) | | | 4,767 | | | 383,600 |
Crocs, Inc.(a) | | | 8,690 | | | 936,956 |
Dick’s Sporting Goods, Inc.(b) | | | 8,476 | | | 1,659,177 |
Duolingo, Inc.(a) | | | 5,475 | | | 1,604,011 |
Five Below, Inc.(a) | | | 8,026 | | | 760,785 |
Floor & Decor Holdings, Inc.(a) | | | 15,678 | | | 1,615,618 |
GameStop Corp.(a)(b) | | | 56,754 | | | 1,258,804 |
Gap, Inc. | | | 32,378 | | | 672,491 |
Gentex Corp. | | | 33,689 | | | 1,021,114 |
Goodyear Tire & Rubber Co.(a) | | | 41,812 | | | 334,914 |
Graham Holdings Co. - Class B(b) | | | 504 | | | 425,023 |
Grand Canyon Education, Inc.(a) | | | 4,248 | | | 582,443 |
H&R Block, Inc. | | | 20,430 | | | 1,220,284 |
Harley-Davidson, Inc. | | | 17,354 | | | 554,460 |
Hilton Grand Vacations, Inc.(a) | | | 9,384 | | | 346,082 |
Hyatt Hotels Corp. - Class A(b) | | | 6,553 | | | 953,134 |
KB Home | | | 10,549 | | | 828,096 |
Lear Corp. | | | 8,208 | | | 785,998 |
Light & Wonder, Inc.(a) | | | 12,980 | | | 1,217,264 |
Lithia Motors, Inc. | | | 3,910 | | | 1,299,567 |
Macy’s, Inc. | | | 40,451 | | | 620,518 |
Marriott Vacations Worldwide Corp. | | | 4,722 | | | 363,736 |
Mattel, Inc.(a) | | | 49,739 | | | 1,013,681 |
Murphy USA, Inc. | | | 2,731 | | | 1,333,957 |
Nordstrom, Inc. | | | 14,176 | | | 320,519 |
Ollie’s Bargain Outlet Holdings, Inc.(a) | | | 8,957 | | | 822,521 |
Planet Fitness, Inc. - Class A(a)(b) | | | 12,380 | | | 972,078 |
Polaris, Inc. | | | 7,668 | | | 536,070 |
PVH Corp. | | | 8,173 | | | 804,714 |
RH(a) | | | 2,188 | | | 695,893 |
Service Corp. International/US(b) | | | 21,304 | | | 1,739,472 |
Skechers USA, Inc. - Class A(a) | | | 19,394 | | | 1,191,955 |
| | | | | | | |
| | | | | | | |
Taylor Morrison Home Corp.(a) | | | 15,254 | | | $1,044,899 |
Tempur Sealy International, Inc. | | | 25,411 | | | 1,217,441 |
Texas Roadhouse, Inc. | | | 9,758 | | | 1,864,949 |
Thor Industries, Inc.(b) | | | 7,780 | | | 809,742 |
Toll Brothers, Inc. | | | 15,018 | | | 2,199,236 |
TopBuild Corp.(a) | | | 4,389 | | | 1,550,985 |
Travel + Leisure Co. | | | 10,213 | | | 488,284 |
Under Armour, Inc. - Class A(a) | | | 27,672 | | | 236,596 |
Under Armour, Inc. - Class C(a) | | | 19,019 | | | 150,250 |
Vail Resorts, Inc. | | | 5,495 | | | 910,467 |
Valvoline, Inc.(a)(b) | | | 18,854 | | | 759,439 |
Visteon Corp.(a) | | | 4,042 | | | 364,791 |
Wendy’s Co. | | | 24,920 | | | 476,221 |
Whirlpool Corp.(b) | | | 8,032 | | | 831,392 |
Williams-Sonoma, Inc. | | | 18,824 | | | 2,524,863 |
Wingstop, Inc. | | | 4,286 | | | 1,233,039 |
Wyndham Hotels & Resorts, Inc. | | | 11,560 | | | 1,020,979 |
YETI Holdings, Inc.(a) | | | 12,367 | | | 435,442 |
| | | | | | 56,399,834 |
Consumer Staples - 4.4%
| | | | | | |
BellRing Brands, Inc.(a) | | | 18,904 | | | 1,244,450 |
BJ’s Wholesale Club Holdings, Inc.(a) | | | 19,414 | | | 1,644,948 |
Boston Beer Co., Inc. - Class A(a) | | | 1,292 | | | 376,062 |
Casey’s General Stores, Inc. | | | 5,431 | | | 2,139,923 |
Celsius Holdings, Inc.(a)(b) | | | 22,858 | | | 687,569 |
Coca-Cola Consolidated, Inc. | | | 859 | | | 965,739 |
Coty, Inc. - Class A(a)(b) | | | 53,426 | | | 397,489 |
Darling Ingredients, Inc.(a) | | | 23,274 | | | 910,246 |
elf Beauty, Inc.(a)(b) | | | 8,255 | | | 868,839 |
Flowers Foods, Inc. | | | 28,658 | | | 637,067 |
Ingredion, Inc. | | | 9,521 | | | 1,264,008 |
Lancaster Colony Corp. | | | 2,816 | | | 488,858 |
Performance Food Group Co.(a) | | | 22,802 | | | 1,852,663 |
Pilgrim’s Pride Corp.(a) | | | 5,867 | | | 284,198 |
Post Holdings, Inc.(a) | | | 6,892 | | | 752,675 |
Sprouts Farmers Market, Inc.(a) | | | 14,655 | | | 1,882,142 |
US Foods Holding Corp.(a) | | | 35,788 | | | 2,206,330 |
| | | | | | 18,603,206 |
Consumer, Cyclical - 0.3%
| | | | | | |
Abercrombie & Fitch Co. - Class A(a) | | | 7,480 | | | 985,789 |
Penske Automotive Group, Inc. | | | 2,733 | | | 411,508 |
| | | | | | 1,397,297 |
Consumer, Non-cyclical - 0.6%
| | | | | | |
Cytokinetics, Inc.(a) | | | 17,228 | | | 878,628 |
Sarepta Therapeutics, Inc.(a) | | | 13,956 | | | 1,758,456 |
| | | | | | 2,637,084 |
Energy - 5.2%
| | | | | | |
Antero Midstream Corp. | | | 49,295 | | | 708,369 |
Antero Resources Corp.(a) | | | 42,776 | | | 1,107,043 |
ChampionX Corp. | | | 27,873 | | | 786,576 |
Chord Energy Corp. | | | 9,059 | | | 1,133,281 |
Civitas Resources, Inc.(b) | | | 13,239 | | | 645,931 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Mid Cap ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Energy - (Continued)
|
CNX Resources Corp.(a) | | | 22,127 | | | $752,982 |
DT Midstream, Inc.(b) | | | 14,209 | | | 1,280,941 |
Expand Energy Corp.(b) | | | 30,211 | | | 2,559,476 |
HF Sinclair Corp. | | | 23,741 | | | 916,640 |
Matador Resources Co. | | | 16,981 | | | 884,880 |
Murphy Oil Corp. | | | 20,755 | | | 653,367 |
NOV, Inc. | | | 57,611 | | | 893,547 |
Ovintiv, Inc. | | | 38,636 | | | 1,514,531 |
PBF Energy, Inc. - Class A | | | 14,605 | | | 416,535 |
Permian Resources Corp. | | | 92,867 | | | 1,265,777 |
Range Resources Corp. | | | 35,456 | | | 1,064,744 |
Texas Pacific Land Corp.(b) | | | 2,760 | | | 3,218,160 |
Valaris Ltd.(a) | | | 9,753 | | | 493,502 |
Viper Energy, Inc.(b) | | | 13,416 | | | 696,290 |
Weatherford International PLC | | | 10,708 | | | 845,932 |
| | | | | | 21,838,504 |
Financials - 16.6%
| | | | | | |
Affiliated Managers Group, Inc. | | | 4,358 | | | 845,016 |
Ally Financial, Inc. | | | 40,124 | | | 1,406,346 |
American Financial Group, Inc./OH | | | 10,559 | | | 1,361,372 |
Associated Banc-Corp. | | | 21,732 | | | 515,918 |
Bank OZK(b) | | | 15,445 | | | 675,719 |
Brighthouse Financial, Inc.(a) | | | 8,902 | | | 421,065 |
Cadence Bank | | | 26,700 | | | 892,581 |
Carlyle Group, Inc. | | | 30,764 | | | 1,539,123 |
CNO Financial Group, Inc. | | | 15,481 | | | 532,546 |
Columbia Banking System, Inc. | | | 30,649 | | | 873,803 |
Commerce Bancshares, Inc./MO | | | 17,165 | | | 1,072,812 |
Cullen Frost Bankers, Inc.(b) | | | 9,373 | | | 1,193,652 |
East West Bancorp, Inc. | | | 20,286 | | | 1,977,682 |
Equitable Holdings, Inc. | | | 46,793 | | | 2,121,595 |
Essent Group Ltd. | | | 15,550 | | | 933,155 |
Euronet Worldwide, Inc.(a) | | | 6,188 | | | 609,332 |
Evercore, Inc. | | | 5,209 | | | 1,376,061 |
Federated Hermes, Inc. | | | 11,514 | | | 462,057 |
Fidelity National Financial, Inc.(b) | | | 38,020 | | | 2,287,663 |
First American Financial Corp. | | | 15,056 | | | 965,842 |
First Financial Bankshares, Inc. | | | 18,819 | | | 680,119 |
First Horizon Corp. | | | 78,419 | | | 1,359,001 |
FirstCash Holdings, Inc. | | | 5,695 | | | 589,262 |
Flagstar Financial, Inc.(b) | | | 43,711 | | | 442,355 |
FNB Corp./PA | | | 52,705 | | | 764,222 |
Glacier Bancorp, Inc. | | | 16,591 | | | 865,221 |
Hamilton Lane, Inc. - Class A | | | 5,932 | | | 1,065,624 |
Hancock Whitney Corp. | | | 12,632 | | | 657,875 |
Hanover Insurance Group, Inc. | | | 5,266 | | | 781,106 |
Home BancShares, Inc./AR | | | 27,179 | | | 741,715 |
Houlihan Lokey, Inc. | | | 7,770 | | | 1,342,423 |
Interactive Brokers Group, Inc. | | | 15,924 | | | 2,429,684 |
International Bancshares Corp. | | | 7,828 | | | 479,543 |
Janus Henderson Group PLC | | | 18,642 | | | 770,101 |
Jefferies Financial Group, Inc. | | | 23,758 | | | 1,520,037 |
| | | | | | | |
| | | | | | | |
Kemper Corp. | | | 8,833 | | | $550,031 |
Kinsale Capital Group, Inc. | | | 3,235 | | | 1,384,936 |
MGIC Investment Corp. | | | 37,968 | | | 950,719 |
Morningstar, Inc. | | | 3,948 | | | 1,295,141 |
Old National Bancorp/IN | | | 46,678 | | | 899,018 |
Old Republic International Corp. | | | 34,799 | | | 1,215,529 |
Pinnacle Financial Partners, Inc. | | | 11,193 | | | 1,180,302 |
Primerica, Inc.(b) | | | 4,951 | | | 1,370,486 |
Prosperity Bancshares, Inc. | | | 13,935 | | | 1,020,042 |
Reinsurance Group of America, Inc. | | | 9,632 | | | 2,033,123 |
RenaissanceRe Holdings Ltd. | | | 7,629 | | | 2,001,850 |
RLI Corp. | | | 6,088 | | | 949,545 |
Ryan Specialty Holdings, Inc. | | | 14,970 | | | 986,074 |
SEI Investments Co. | | | 14,429 | | | 1,078,712 |
Selective Insurance Group, Inc. | | | 8,902 | | | 808,480 |
SLM Corp. | | | 31,842 | | | 701,479 |
SouthState Corp. | | | 11,152 | | | 1,087,655 |
Stifel Financial Corp. | | | 14,997 | | | 1,553,989 |
Synovus Financial Corp. | | | 21,071 | | | 1,050,811 |
Texas Capital Bancshares, Inc.(a) | | | 6,762 | | | 520,336 |
UMB Financial Corp.(b) | | | 6,478 | | | 710,831 |
United Bankshares, Inc./WV | | | 19,761 | | | 744,594 |
Unum Group | | | 25,007 | | | 1,604,949 |
Valley National Bancorp | | | 62,595 | | | 592,775 |
Voya Financial, Inc. | | | 14,387 | | | 1,155,276 |
Webster Financial Corp. | | | 25,090 | | | 1,299,662 |
Western Alliance Bancorp | | | 15,960 | | | 1,328,032 |
Western Union Co. | | | 49,530 | | | 532,943 |
WEX, Inc.(a) | | | 6,008 | | | 1,036,981 |
Wintrust Financial Corp. | | | 9,732 | | | 1,127,841 |
Zions Bancorp | | | 21,612 | | | 1,125,121 |
| | | | | | 70,448,891 |
GICS~Biotechnology - 0.6%
| | | | | | |
BioMarin Pharmaceutical, Inc.(a) | | | 27,856 | | | 1,835,432 |
Roivant Sciences Ltd.(a)(b) | | | 63,848 | | | 737,444 |
| | | | | | 2,572,876 |
Health Care - 8.5%
| | | | | | |
Acadia Healthcare Co., Inc.(a) | | | 13,581 | | | 579,773 |
Amedisys, Inc.(a) | | | 4,782 | | | 452,377 |
Arrowhead Pharmaceuticals, Inc.(a)(b) | | | 18,237 | | | 350,698 |
Avantor, Inc.(a) | | | 99,486 | | | 2,225,502 |
Azenta, Inc.(a) | | | 7,132 | | | 293,054 |
Bio-Rad Laboratories, Inc. - Class A(a) | | | 2,804 | | | 1,004,365 |
Bruker Corp. | | | 16,177 | | | 915,780 |
Chemed Corp. | | | 2,206 | | | 1,191,769 |
DENTSPLY SIRONA, Inc.(b) | | | 29,668 | | | 687,408 |
Doximity, Inc. - Class A(a)(b) | | | 18,313 | | | 764,385 |
Encompass Health Corp. | | | 14,712 | | | 1,463,256 |
Enovis Corp.(a) | | | 8,189 | | | 337,960 |
Ensign Group, Inc. | | | 8,300 | | | 1,286,417 |
Envista Holdings Corp.(a) | | | 25,197 | | | 528,381 |
Exelixis, Inc.(a) | | | 41,746 | | | 1,385,967 |
Globus Medical, Inc. - Class A(a)(b) | | | 16,518 | | | 1,214,734 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Mid Cap ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Health Care - (Continued)
|
Haemonetics Corp.(a) | | | 7,456 | | | $530,569 |
Halozyme Therapeutics, Inc.(a) | | | 18,539 | | | 937,517 |
HealthEquity, Inc.(a) | | | 12,730 | | | 1,085,232 |
Illumina, Inc.(a) | | | 23,306 | | | 3,359,327 |
Jazz Pharmaceuticals PLC(a) | | | 9,013 | | | 991,700 |
Lantheus Holdings, Inc.(a) | | | 10,155 | | | 1,115,425 |
LivaNova PLC(a) | | | 7,930 | | | 409,347 |
Masimo Corp.(a) | | | 6,460 | | | 930,305 |
Medpace Holdings, Inc.(a) | | | 3,717 | | | 1,167,956 |
Neogen Corp.(a)(b) | | | 28,893 | | | 412,592 |
Neurocrine Biosciences, Inc.(a) | | | 14,772 | | | 1,776,628 |
Option Care Health, Inc.(a) | | | 25,054 | | | 577,244 |
Penumbra, Inc.(a) | | | 5,688 | | | 1,301,813 |
Perrigo Co. PLC(b) | | | 19,996 | | | 512,497 |
R1 RCM, Inc.(a) | | | 22,859 | | | 325,969 |
Repligen Corp.(a)(b) | | | 7,625 | | | 1,023,809 |
Sotera Health Co.(a) | | | 22,430 | | | 351,478 |
Tenet Healthcare Corp.(a) | | | 14,025 | | | 2,174,155 |
United Therapeutics Corp.(a) | | | 6,507 | | | 2,433,423 |
| | | | | | 36,098,812 |
Industrials - 23.1%
| | | | | | |
AAON, Inc. | | | 9,838 | | | 1,123,696 |
Acuity Brands, Inc. | | | 4,497 | | | 1,352,203 |
Advanced Drainage Systems, Inc. | | | 10,324 | | | 1,547,361 |
AECOM | | | 19,622 | | | 2,095,630 |
AGCO Corp. | | | 9,069 | | | 905,449 |
American Airlines Group, Inc.(a) | | | 96,098 | | | 1,287,713 |
Applied Industrial Technologies, Inc. | | | 5,608 | | | 1,298,757 |
ASGN, Inc.(a) | | | 6,556 | | | 603,808 |
Avis Budget Group, Inc. | | | 2,520 | | | 209,160 |
Brink’s Co. | | | 6,456 | | | 663,612 |
BWX Technologies, Inc. | | | 13,379 | | | 1,628,893 |
CACI International, Inc. - Class A(a) | | | 3,265 | | | 1,804,108 |
Carlisle Cos., Inc. | | | 6,745 | | | 2,847,941 |
Chart Industries, Inc.(a)(b) | | | 6,155 | | | 743,032 |
Clean Harbors, Inc.(a) | | | 7,423 | | | 1,716,643 |
CNH Industrial NV(b) | | | 128,430 | | | 1,442,269 |
Comfort Systems USA, Inc. | | | 5,204 | | | 2,034,972 |
Concentrix Corp.(b) | | | 6,884 | | | 292,639 |
Core & Main, Inc. - Class A(a) | | | 28,226 | | | 1,249,847 |
Crane Co. | | | 7,115 | | | 1,119,047 |
Curtiss-Wright Corp. | | | 5,609 | | | 1,934,881 |
Donaldson Co., Inc. | | | 17,621 | | | 1,289,152 |
EMCOR Group, Inc. | | | 6,829 | | | 3,046,212 |
EnerSys | | | 5,867 | | | 568,278 |
Esab Corp. | | | 8,314 | | | 1,022,955 |
ExlService Holdings, Inc.(a) | | | 23,622 | | | 984,329 |
Exponent, Inc.(b) | | | 7,426 | | | 700,866 |
Fabrinet(a) | | | 5,286 | | | 1,273,767 |
Flowserve Corp. | | | 19,245 | | | 1,013,057 |
Fluor Corp.(a) | | | 25,079 | | | 1,311,130 |
| | | | | | | |
| | | | | | | |
Fortune Brands Innovations, Inc. | | | 18,157 | | | $1,513,023 |
FTI Consulting, Inc.(a) | | | 5,160 | | | 1,006,613 |
GATX Corp. | | | 5,218 | | | 718,832 |
Genpact Ltd. | | | 23,985 | | | 915,507 |
Graco, Inc. | | | 24,723 | | | 2,013,688 |
GXO Logistics, Inc.(a) | | | 17,486 | | | 1,045,838 |
Hexcel Corp. | | | 11,963 | | | 702,108 |
Insperity, Inc. | | | 5,206 | | | 410,077 |
ITT, Inc. | | | 11,955 | | | 1,675,135 |
KBR, Inc. | | | 19,471 | | | 1,304,752 |
Kirby Corp.(a) | | | 8,468 | | | 971,788 |
Knight-Swift Transportation Holdings, Inc. | | | 23,682 | | | 1,233,359 |
Landstar System, Inc. | | | 5,185 | | | 911,367 |
Lennox International, Inc. | | | 4,695 | | | 2,829,066 |
Lincoln Electric Holdings, Inc. | | | 8,298 | | | 1,597,863 |
ManpowerGroup, Inc. | | | 6,955 | | | 437,122 |
MasTec, Inc.(a) | | | 9,005 | | | 1,106,624 |
Maximus, Inc. | | | 8,801 | | | 760,758 |
Middleby Corp.(a) | | | 7,861 | | | 1,019,572 |
MSA Safety, Inc. | | | 5,750 | | | 954,213 |
MSC Industrial Direct Co., Inc. - Class A | | | 6,565 | | | 519,095 |
NEXTracker, Inc. - Class A(a) | | | 21,022 | | | 837,096 |
nVent Electric PLC | | | 24,323 | | | 1,813,766 |
Oshkosh Corp. | | | 9,493 | | | 970,564 |
Owens Corning | | | 12,727 | | | 2,250,006 |
Parsons Corp.(a) | | | 6,838 | | | 739,598 |
Paylocity Holding Corp.(a) | | | 6,322 | | | 1,166,852 |
RB Global, Inc. | | | 26,964 | | | 2,284,929 |
RBC Bearings, Inc.(a) | | | 4,252 | | | 1,192,048 |
Regal Rexnord Corp. | | | 9,740 | | | 1,622,100 |
Ryder System, Inc. | | | 6,334 | | | 926,538 |
Saia, Inc.(a)(b) | | | 3,886 | | | 1,898,738 |
Science Applications International Corp. | | | 7,493 | | | 1,081,165 |
Sensata Technologies Holding PLC | | | 22,113 | | | 759,360 |
Simpson Manufacturing Co., Inc. | | | 6,170 | | | 1,109,304 |
Stericycle, Inc.(a) | | | 13,589 | | | 835,316 |
Terex Corp. | | | 9,786 | | | 506,034 |
Tetra Tech, Inc. | | | 39,147 | | | 1,913,505 |
Timken Co. | | | 9,310 | | | 772,730 |
Toro Co. | | | 15,204 | | | 1,223,618 |
Trex Co., Inc.(a) | | | 15,891 | | | 1,125,877 |
UFP Industries, Inc. | | | 8,919 | | | 1,091,150 |
Valmont Industries, Inc. | | | 2,954 | | | 920,703 |
Watsco, Inc. | | | 5,093 | | | 2,409,040 |
Watts Water Technologies, Inc. - Class A | | | 4,011 | | | 764,456 |
WESCO International, Inc. | | | 6,543 | | | 1,256,060 |
Woodward, Inc.(b) | | | 8,733 | | | 1,432,998 |
XPO Logistics, Inc.(a) | | | 17,034 | | | 2,223,448 |
| | | | | | 97,884,806 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Mid Cap ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Information Technology - 9.0%
| | | | | | |
Allegro MicroSystems, Inc.(a)(b) | | | 22,782 | | | $474,777 |
Altair Engineering, Inc. - Class A(a) | | | 8,702 | | | 904,921 |
Amkor Technology, Inc. | | | 16,580 | | | 421,961 |
Appfolio, Inc. - Class A(a) | | | 3,371 | | | 700,730 |
Arrow Electronics, Inc.(a) | | | 7,728 | | | 917,082 |
Aspen Technology, Inc.(a)(b) | | | 3,869 | | | 908,170 |
Avnet, Inc. | | | 12,895 | | | 699,038 |
Belden, Inc.(b) | | | 5,964 | | | 679,121 |
Blackbaud, Inc.(a) | | | 5,841 | | | 441,054 |
Ciena Corp.(a) | | | 21,042 | | | 1,336,377 |
Cirrus Logic, Inc.(a) | | | 7,822 | | | 859,012 |
Cognex Corp. | | | 25,094 | | | 1,009,532 |
Coherent Corp.(a) | | | 22,433 | | | 2,073,706 |
CommVault Systems, Inc.(a) | | | 6,393 | | | 998,523 |
Crane NXT Co.(b) | | | 7,189 | | | 390,147 |
DocuSign, Inc.(a) | | | 29,960 | | | 2,078,625 |
Dolby Laboratories, Inc. - Class A | | | 8,735 | | | 636,781 |
Dropbox, Inc. - Class A(a) | | | 34,756 | | | 898,443 |
Dynatrace, Inc.(a) | | | 43,590 | | | 2,345,142 |
IPG Photonics Corp.(a) | | | 4,008 | | | 324,488 |
Kyndryl Holdings, Inc.(a) | | | 33,835 | | | 774,483 |
Lattice Semiconductor Corp.(a) | | | 20,177 | | | 1,022,167 |
Littelfuse, Inc. | | | 3,625 | | | 886,784 |
Lumentum Holdings, Inc.(a)(b) | | | 9,938 | | | 634,740 |
MACOM Technology Solutions Holdings, Inc.(a)(b) | | | 8,455 | | | 950,342 |
Manhattan Associates, Inc.(a) | | | 8,964 | | | 2,360,759 |
MKS Instruments, Inc.(b) | | | 9,847 | | | 978,102 |
Novanta, Inc.(a) | | | 5,255 | | | 894,611 |
Onto Innovation, Inc.(a) | | | 7,230 | | | 1,433,926 |
Power Integrations, Inc. | | | 8,286 | | | 500,723 |
Pure Storage, Inc.(a) | | | 45,217 | | | 2,263,111 |
Qualys, Inc.(a) | | | 5,389 | | | 642,584 |
Rambus, Inc.(a) | | | 15,769 | | | 754,074 |
Silicon Laboratories, Inc.(a)(b) | | | 4,722 | | | 490,427 |
Synaptics, Inc.(a) | | | 5,775 | | | 396,569 |
TD SYNNEX Corp. | | | 11,134 | | | 1,284,307 |
Teradata Corp.(a) | | | 14,064 | | | 453,283 |
Universal Display Corp. | | | 6,454 | | | 1,163,785 |
Vishay Intertechnology, Inc. | | | 16,667 | | | 282,672 |
Vontier Corp. | | | 22,495 | | | 834,115 |
| | | | | | 38,099,194 |
Materials - 6.6%
| | | | | | |
Alcoa Corp.(b) | | | 37,803 | | | 1,515,522 |
AptarGroup, Inc. | | | 9,718 | | | 1,631,749 |
Arcadium Lithium PLC(a)(b) | | | 157,366 | | | 848,203 |
Ashland, Inc. | | | 7,148 | | | 604,506 |
Avient Corp. | | | 13,362 | | | 622,803 |
Axalta Coating Systems Ltd.(a) | | | 32,112 | | | 1,217,687 |
Berry Global Group, Inc. | | | 16,768 | | | 1,181,306 |
Cabot Corp.(b) | | | 8,018 | | | 864,581 |
Chemours Co. | | | 21,876 | | | 397,268 |
| | | | | | | |
| | | | | | | |
Cleveland-Cliffs, Inc.(a) | | | 68,489 | | | $888,987 |
Commercial Metals Co.(b) | | | 16,829 | | | 905,400 |
Crown Holdings, Inc. | | | 17,444 | | | 1,631,886 |
Eagle Materials, Inc. | | | 4,921 | | | 1,404,749 |
Graphic Packaging Holding Co. | | | 43,914 | | | 1,241,010 |
Greif, Inc. - Class A | | | 3,789 | | | 236,585 |
Knife River Corp.(a) | | | 8,281 | | | 805,907 |
Louisiana-Pacific Corp. | | | 9,154 | | | 905,331 |
NewMarket Corp. | | | 1,125 | | | 590,591 |
Olin Corp. | | | 17,189 | | | 705,265 |
Reliance, Inc. | | | 8,046 | | | 2,303,892 |
Royal Gold, Inc. | | | 9,622 | | | 1,405,389 |
RPM International, Inc. | | | 18,843 | | | 2,395,134 |
Scotts Miracle-Gro Co. | | | 6,236 | | | 542,407 |
Silgan Holdings, Inc. | | | 11,859 | | | 613,585 |
Sonoco Products Co. | | | 14,366 | | | 754,502 |
United States Steel Corp. | | | 32,772 | | | 1,273,192 |
Westlake Chemical Corp. | | | 4,894 | | | 645,714 |
| | | | | | 28,133,151 |
Real Estate - 0.4%
| | | | | | |
Jones Lang LaSalle, Inc.(a) | | | 6,942 | | | 1,881,004 |
Utilities - 2.6%
| | | | | | |
ALLETE, Inc. | | | 8,449 | | | 539,976 |
Black Hills Corp. | | | 10,186 | | | 602,909 |
Essential Utilities, Inc. | | | 36,848 | | | 1,422,333 |
IDACORP, Inc.(b) | | | 7,790 | | | 806,109 |
National Fuel Gas Co. | | | 13,372 | | | 809,407 |
New Jersey Resources Corp. | | | 14,517 | | | 666,185 |
Northwestern Energy Group, Inc. | | | 8,957 | | | 478,841 |
OGE Energy Corp. | | | 29,416 | | | 1,176,346 |
ONE Gas, Inc.(b) | | | 8,267 | | | 589,189 |
Ormat Technologies, Inc. | | | 7,870 | | | 621,887 |
PNM Resources, Inc. | | | 13,242 | | | 576,557 |
Portland General Electric Co. | | | 15,080 | | | 714,792 |
Southwest Gas Holdings, Inc. | | | 8,810 | | | 645,333 |
Spire, Inc. | | | 8,451 | | | 539,681 |
UGI Corp.(b) | | | 31,418 | | | 751,204 |
| | | | | | 10,940,749 |
TOTAL COMMON STOCKS
(Cost $337,362,435) | | | | | | 392,980,839 |
REAL ESTATE INVESTMENT TRUSTS - 7.3%
|
Agree Realty Corp.(b) | | | 14,688 | | | 1,090,584 |
American Homes 4 Rent - Class A - Class A | | | 46,043 | | | 1,622,555 |
Annaly Capital Management, Inc. | | | 73,312 | | | 1,393,661 |
Brixmor Property Group, Inc. | | | 44,099 | | | 1,188,468 |
COPT Defense Properties | | | 16,436 | | | 529,239 |
Cousins Properties, Inc. | | | 22,278 | | | 682,375 |
CubeSmart | | | 32,954 | | | 1,576,519 |
EastGroup Properties, Inc. | | | 7,120 | | | 1,219,514 |
EPR Properties | | | 11,103 | | | 503,743 |
Equity LifeStyle Properties, Inc. | | | 27,291 | | | 1,913,645 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Mid Cap ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
REAL ESTATE INVESTMENT
TRUSTS - (Continued)
|
First Industrial Realty Trust, Inc. | | | 19,369 | | | $1,016,679 |
Gaming and Leisure Properties, Inc. | | | 40,151 | | | 2,015,179 |
Healthcare Realty Trust, Inc. | | | 53,123 | | | 912,653 |
Independence Realty Trust, Inc.(b) | | | 32,882 | | | 645,145 |
Kilroy Realty Corp.(b) | | | 15,460 | | | 621,801 |
Kite Realty Group Trust | | | 32,138 | | | 824,983 |
Lamar Advertising Co. - Class A | | | 12,863 | | | 1,697,916 |
National Storage Affiliates Trust(b) | | | 10,202 | | | 430,014 |
NNN REIT, Inc.(b) | | | 26,889 | | | 1,168,058 |
Omega Healthcare Investors, Inc.(b) | | | 37,731 | | | 1,602,436 |
Park Hotels & Resorts, Inc. | | | 30,574 | | | 424,673 |
PotlatchDeltic Corp. | | | 10,514 | | | 437,067 |
Rayonier, Inc. | | | 19,636 | | | 613,232 |
Rexford Industrial Realty, Inc. | | | 32,056 | | | 1,374,882 |
Sabra Health Care REIT, Inc.(b) | | | 34,320 | | | 665,808 |
STAG Industrial, Inc.(b) | | | 26,654 | | | 993,661 |
Starwood Property Trust, Inc. | | | 46,457 | | | 917,061 |
Vornado Realty Trust(b) | | | 24,254 | | | 1,004,358 |
WP Carey, Inc. | | | 32,025 | | | 1,784,433 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $27,652,458) | | | | | | 30,870,342 |
| | | Units | | | |
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 12.0%
| | | | | | |
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(c) | | | 50,916,252 | | | 50,916,252 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
| | | | | | |
(Cost $50,916,252) | | | | | | 50,916,252 |
TOTAL INVESTMENTS - 111.9%
(Cost $415,931,145) | | | | | | $474,767,433 |
Liabilities in Excess of
Other Assets - (11.9)% | | | | | | (50,721,379) |
TOTAL NET ASSETS - 100.0% | | | | | | $424,046,054 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
NV - Naamloze Vennootschap
PLC - Public Limited Company
(a)
| Non-income producing security. |
(b)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $49,084,772 which represented 11.6% of net assets. |
(c)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Cash Cows 100 ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 99.8%
| | | | | | |
Communication Services - 5.4%
| | | | | | |
AT&T, Inc. | | | 22,897,796 | | | $516,116,322 |
Fox Corp. - Class A(a) | | | 7,927,882 | | | 332,971,044 |
Lyft, Inc. - Class A(b) | | | 7,132,266 | | | 92,505,490 |
Match Group, Inc.(b) | | | 5,500,252 | | | 198,174,080 |
Playtika Holding Corp. | | | 10,287,252 | | | 80,549,183 |
TripAdvisor, Inc.(b) | | | 1,897,082 | | | 30,429,195 |
ZoomInfo Technologies, Inc.(a)(b) | | | 9,217,375 | | | 101,851,994 |
| | | | | | 1,352,597,308 |
Consumer Discretionary - 19.7%
| | | | | | |
ADT, Inc.(a) | | | 31,054,949 | | | 223,595,633 |
Airbnb, Inc. - Class A(b) | | | 4,201,444 | | | 566,312,637 |
BorgWarner, Inc. | | | 4,641,803 | | | 156,103,835 |
Carter’s, Inc.(a) | | | 1,116,983 | | | 61,098,970 |
Columbia Sportswear Co.(a) | | | 1,775,301 | | | 142,858,471 |
Crocs, Inc.(a)(b) | | | 1,446,104 | | | 155,918,933 |
Dillard’s, Inc. - Class A(a) | | | 327,978 | | | 121,850,387 |
Etsy, Inc.(a)(b) | | | 2,778,714 | | | 142,937,048 |
Expedia Group, Inc.(b) | | | 3,250,266 | | | 508,049,078 |
Gap, Inc. | | | 12,626,976 | | | 262,262,292 |
H&R Block, Inc. | | | 2,236,434 | | | 133,582,203 |
Harley-Davidson, Inc. | | | 4,180,849 | | | 133,578,125 |
Kohl’s Corp.(a) | | | 7,624,858 | | | 140,907,376 |
Lear Corp. | | | 1,260,493 | | | 120,704,810 |
Leggett & Platt, Inc. | | | 5,358,588 | | | 64,303,056 |
Lennar Corp. - Class A | | | 2,676,308 | | | 455,775,252 |
Mattel, Inc.(b) | | | 9,587,489 | | | 195,393,026 |
PVH Corp. | | | 1,696,815 | | | 167,068,405 |
Ralph Lauren Corp. | | | 1,136,839 | | | 225,014,543 |
Skechers USA, Inc. - Class A(b) | | | 2,606,866 | | | 160,217,984 |
Tapestry, Inc. | | | 6,083,597 | | | 288,666,678 |
Thor Industries, Inc.(a) | | | 1,168,219 | | | 121,588,234 |
Under Armour, Inc. - Class A(a)(b) | | | 9,606,410 | | | 82,134,805 |
Williams-Sonoma, Inc.(a) | | | 2,088,297 | | | 280,103,277 |
| | | | | | 4,910,025,058 |
Consumer Staples - 8.7%
| | | | | | |
Altria Group, Inc. | | | 8,921,780 | | | 485,880,139 |
Archer-Daniels-Midland Co. | | | 8,075,101 | | | 445,826,326 |
Conagra Brands, Inc. | | | 10,644,019 | | | 308,037,910 |
Ingredion, Inc. | | | 1,610,322 | | | 213,786,349 |
Maplebear, Inc.(b) | | | 3,909,719 | | | 172,418,608 |
Molson Coors Beverage Co. - Class B(a) | | | 5,185,545 | | | 282,456,636 |
Pilgrim’s Pride Corp.(a)(b) | | | 5,230,628 | | | 253,371,620 |
| | | | | | 2,161,777,588 |
Energy - 21.5%
| | | | | | |
Antero Midstream Corp. | | | 9,863,705 | | | 141,741,441 |
Chevron Corp. | | | 3,465,206 | | | 515,691,957 |
Chord Energy Corp. | | | 1,232,968 | | | 154,244,297 |
ConocoPhillips | | | 4,529,010 | | | 496,107,755 |
Devon Energy Corp. | | | 11,616,049 | | | 449,308,775 |
| | | | | | | |
| | | | | | | |
Diamondback Energy, Inc. | | | 2,671,710 | | | $472,278,177 |
EOG Resources, Inc. | | | 3,989,666 | | | 486,579,665 |
Halliburton Co. | | | 16,794,633 | | | 465,883,120 |
HF Sinclair Corp. | | | 8,418,808 | | | 325,050,177 |
Marathon Oil Corp. | | | 14,647,960 | | | 405,748,492 |
Marathon Petroleum Corp. | | | 2,892,672 | | | 420,796,996 |
Ovintiv, Inc. | | | 6,491,892 | | | 254,482,166 |
TechnipFMC PLC | | | 7,103,422 | | | 189,590,333 |
Valero Energy Corp. | | | 3,578,264 | | | 464,315,537 |
Weatherford International PLC | | | 1,421,953 | | | 112,334,287 |
| | | | | | 5,354,153,175 |
Health Care - 8.3%
| | | | | | |
Bristol-Myers Squibb Co. | | | 9,858,941 | | | 549,833,139 |
Cardinal Health, Inc. | | | 4,296,432 | | | 466,248,801 |
Cencora, Inc. | | | 2,038,551 | | | 464,952,712 |
Envista Holdings Corp.(b) | | | 3,517,571 | | | 73,763,464 |
Fortrea Holdings, Inc.(a)(b) | | | 2,411,967 | | | 40,569,285 |
Jazz Pharmaceuticals PLC(b) | | | 2,087,960 | | | 229,738,239 |
Premier, Inc.(a) | | | 2,257,966 | | | 45,498,015 |
United Therapeutics Corp.(b) | | | 545,549 | | | 204,018,959 |
| | | | | | 2,074,622,614 |
Industrials - 9.9%
| | | | | | |
Acuity Brands, Inc. | | | 434,765 | | | 130,729,488 |
AGCO Corp.(a) | | | 2,101,808 | | | 209,844,511 |
Allison Transmission Holdings, Inc. | | | 1,688,878 | | | 180,473,503 |
Builders FirstSource, Inc.(b) | | | 2,037,971 | | | 349,308,229 |
Core & Main, Inc. - Class A(a)(b) | | | 4,237,511 | | | 187,636,987 |
ManpowerGroup, Inc. | | | 893,139 | | | 56,133,786 |
MasTec, Inc.(b) | | | 2,260,125 | | | 277,746,761 |
Middleby Corp.(b) | | | 1,135,300 | | | 147,248,410 |
MSC Industrial Direct Co., Inc. - Class A(a) | | | 915,026 | | | 72,351,106 |
Owens Corning | | | 1,840,642 | | | 325,407,099 |
Snap-On, Inc. | | | 902,021 | | | 297,784,193 |
WESCO International, Inc. | | | 1,234,847 | | | 237,053,579 |
| | | | | | 2,471,717,652 |
Information Technology - 20.2%
| | | | | | |
Amdocs Ltd. | | | 1,696,197 | | | 148,832,806 |
Amkor Technology, Inc. | | | 3,784,881 | | | 96,325,221 |
Arrow Electronics, Inc.(b) | | | 2,089,212 | | | 247,926,788 |
Cirrus Logic, Inc.(b) | | | 829,207 | | | 91,063,513 |
DocuSign, Inc.(a)(b) | | | 3,324,244 | | | 230,636,049 |
Dropbox, Inc. - Class A(b) | | | 7,670,490 | | | 198,282,167 |
DXC Technology Co.(b) | | | 11,847,740 | | | 235,296,116 |
Gen Digital, Inc. | | | 17,596,402 | | | 512,231,262 |
Hewlett Packard Enterprise Co. | | | 27,386,974 | | | 533,772,123 |
HP, Inc. | | | 14,197,972 | | | 504,311,965 |
IPG Photonics Corp.(b) | | | 669,466 | | | 54,199,967 |
Jabil, Inc. | | | 2,197,492 | | | 270,489,290 |
Qorvo, Inc.(b) | | | 1,525,278 | | | 108,691,310 |
QUALCOMM, Inc. | | | 3,035,367 | | | 494,066,687 |
RingCentral, Inc. - Class A(b) | | | 2,649,020 | | | 95,391,210 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Cash Cows 100 ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Information Technology - (Continued)
|
Skyworks Solutions, Inc. | | | 3,343,534 | | | $292,826,708 |
TD SYNNEX Corp. | | | 1,758,366 | | | 202,827,518 |
Teradata Corp.(b) | | | 2,063,003 | | | 66,490,587 |
Twilio, Inc. - Class A(b) | | | 2,878,115 | | | 232,119,975 |
Zoom Video Communications, Inc. - Class A(b) | | | 5,484,174 | | | 409,887,165 |
| | | | | | 5,025,668,427 |
Materials - 6.1%
| | | | | | |
Ashland Global Holdings, Inc. | | | 868,960 | | | 73,487,947 |
Cleveland-Cliffs, Inc.(a)(b) | | | 25,920,266 | | | 336,445,053 |
Louisiana-Pacific Corp. | | | 1,101,246 | | | 108,913,229 |
NewMarket Corp. | | | 192,490 | | | 101,051,475 |
Nucor Corp. | | | 3,459,482 | | | 490,692,927 |
Scotts Miracle-Gro Co.(a) | | | 3,150,546 | | | 274,034,491 |
Sealed Air Corp. | | | 3,865,364 | | | 139,848,870 |
| | | | | | 1,524,473,992 |
TOTAL COMMON STOCKS
(Cost $23,769,457,935) | | | | | | 24,875,035,814 |
| | | Units | | | |
INVESTMENTS PURCHASED
WITH PROCEEDS FROM
SECURITIES LENDING- 2.0%
|
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(c) | | | 485,605,337 | | | 485,605,337 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
| | | | | | |
(Cost $485,605,337) | | | | | | 485,605,337 |
TOTAL INVESTMENTS - 101.8%
(Cost $24,255,063,272) | | | | | | $25,360,641,151 |
Liabilities in Excess of
Other Assets - (1.8)% | | | | | | (479,415,075) |
TOTAL NET ASSETS - 100.0% | | | | | | $24,921,226,076 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
PLC - Public Limited Company
(a)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $472,733,350 which represented 1.9% of net assets. |
(b)
| Non-income producing security. |
(c)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Cash Cows Growth ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 99.9%
| | | | | | |
Consumer Discretionary - 35.5%(a)
| | | | | | |
Abercrombie & Fitch Co.(b)(c) | | | 4,340 | | | $571,969 |
Booking Holdings, Inc. | | | 790 | | | 3,694,237 |
Boyd Gaming Corp. | | | 7,795 | | | 540,116 |
Crocs, Inc.(b)(c) | | | 5,045 | | | 543,952 |
Deckers Outdoor Corp.(b) | | | 12,952 | | | 2,083,847 |
Expedia Group, Inc.(b) | | | 11,060 | | | 1,728,789 |
Grand Canyon Education, Inc.(b) | | | 2,502 | | | 343,049 |
Lululemon Athletica, Inc.(b) | | | 10,865 | | | 3,236,684 |
NVR, Inc.(b)(c) | | | 261 | | | 2,388,883 |
PulteGroup, Inc. | | | 17,630 | | | 2,283,614 |
Skechers USA, Inc. - Class A(b) | | | 12,942 | | | 795,415 |
Toll Brothers, Inc. | | | 8,578 | | | 1,256,162 |
TopBuild Corp.(b) | | | 2,563 | | | 905,713 |
Williams-Sonoma, Inc.(c) | | | 10,733 | | | 1,439,617 |
Wynn Resorts Ltd. | | | 9,429 | | | 905,373 |
| | | | | | 22,717,420 |
Consumer Staples - 1.3%
| | | | | | |
Coca-Cola Consolidated, Inc.(c) | | | 744 | | | 836,449 |
Energy - 8.1%
| | | | | | |
Chord Energy Corp. | | | 5,257 | | | 657,651 |
Diamondback Energy, Inc. | | | 18,020 | | | 3,185,395 |
Ovintiv, Inc. | | | 22,394 | | | 877,845 |
Weatherford International PLC | | | 6,216 | | | 491,064 |
| | | | | | 5,211,955 |
Health Care - 4.4%
| | | | | | |
Exelixis, Inc.(b) | | | 24,233 | | | 804,536 |
Halozyme Therapeutics, Inc.(b) | | | 10,762 | | | 544,234 |
Lantheus Holdings, Inc.(b)(c) | | | 5,898 | | | 647,836 |
Medpace Holdings, Inc.(b) | | | 2,634 | | | 827,656 |
| | | | | | 2,824,262 |
Industrials - 20.2%
| | | | | | |
Applied Industrial Technologies, Inc. | | | 3,259 | | | 754,752 |
Brink’s Co. | | | 3,750 | | | 385,463 |
Builders FirstSource, Inc.(b) | | | 9,893 | | | 1,695,660 |
Comfort Systems USA, Inc. | | | 3,031 | | | 1,185,242 |
EMCOR Group, Inc. | | | 3,964 | | | 1,768,221 |
Esab Corp. | | | 5,135 | | | 631,810 |
Fortive Corp. | | | 29,762 | | | 2,125,900 |
Lincoln Electric Holdings, Inc. | | | 4,816 | | | 927,369 |
NEXTracker, Inc. - Class A(b)(c) | | | 12,348 | | | 491,697 |
nVent Electric PLC | | | 14,120 | | | 1,052,928 |
Owens Corning | | | 7,386 | | | 1,305,771 |
UFP Industries, Inc. | | | 5,175 | | | 633,110 |
| | | | | | 12,957,923 |
Information Technology - 24.5%
| | | | | | |
Applied Materials, Inc. | | | 16,485 | | | 2,993,346 |
Dropbox, Inc. - Class A(b) | | | 27,645 | | | 714,623 |
| | | | | | | |
| | | | | | | |
Fabrinet(b) | | | 3,071 | | | $740,019 |
GoDaddy, Inc. - Class A(b) | | | 11,976 | | | 1,997,597 |
Lam Research Corp. | | | 40,370 | | | 3,001,510 |
Pure Storage, Inc.(b) | | | 27,838 | | | 1,393,292 |
Qualys, Inc.(b) | | | 3,127 | | | 372,863 |
Rambus, Inc.(b) | | | 9,148 | | | 437,457 |
salesforce.com, Inc. | | | 12,205 | | | 3,556,171 |
Vontier Corp. | | | 13,057 | | | 484,154 |
| | | | | | 15,691,032 |
Materials - 5.9%
| | | | | | |
Celanese Corp.(c) | | | 9,282 | | | 1,169,253 |
Eagle Materials, Inc. | | | 2,856 | | | 815,274 |
NewMarket Corp. | | | 815 | | | 427,851 |
Reliance, Inc.(c) | | | 4,674 | | | 1,338,353 |
| | | | | | 3,750,731 |
TOTAL COMMON STOCKS
(Cost $58,619,189) | | | | | | 63,989,772 |
| | | | | | | |
| | | | | | | |
INVESTMENTS PURCHASED WITH
PROCEEDS FROM SECURITIES
LENDING - 5.8%
|
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(d) | | | 3,730,702 | | | 3,730,702 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $3,730,702) | | | | | | 3,730,702 |
TOTAL INVESTMENTS - 105.7%
(Cost $62,349,891) | | | | | | $67,720,474 |
Liabilities in Excess of Other
Assets - (5.7) % | | | | | | (3,701,859) |
TOTAL NET ASSETS - 100.0% | | | | | | $64,018,615 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
PLC - Public Limited Company
(a)
| To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
|
(b)
| Non-income producing security.
|
(c)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $3,638,770 which represented 5.7% of net assets. |
(d)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Export Leaders ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 99.9%
| | | | | | |
Communication Services - 5.4%
| | | | | | |
Alphabet, Inc. - Class A | | | 4,004 | | | $685,125 |
Meta Platforms, Inc. - Class A | | | 1,202 | | | 682,231 |
Netflix, Inc.(a) | | | 905 | | | 684,207 |
News Corp. - Class A | | | 24,113 | | | 657,079 |
Warner Music Group Corp. -
Class A(b) | | | 21,866 | | | 698,837 |
| | | | | | 3,407,479 |
Consumer Discretionary - 10.1%
| | | | | | |
Airbnb, Inc. - Class A(a) | | | 5,354 | | | 721,666 |
Aptiv PLC(a) | | | 9,142 | | | 519,540 |
Autoliv, Inc. | | | 6,600 | | | 613,008 |
Booking Holdings, Inc. | | | 162 | | | 757,553 |
Crocs, Inc.(a)(b) | | | 4,895 | | | 527,779 |
Garmin Ltd.(b) | | | 3,651 | | | 724,176 |
PVH Corp. | | | 6,655 | | | 655,251 |
Ralph Lauren Corp. - Class A | | | 3,553 | | | 703,245 |
Skechers USA, Inc. - Class A(a) | | | 9,366 | | | 575,634 |
Visteon Corp.(a) | | | 6,964 | | | 628,501 |
| | | | | | 6,426,353 |
Consumer Staples - 4.5%
| | | | | | |
Archer-Daniels-Midland Co. | | | 10,438 | | | 576,282 |
Bunge Global SA | | | 6,474 | | | 543,945 |
Coty, Inc. - Class A(a) | | | 69,486 | | | 516,976 |
Ingredion, Inc. | | | 4,683 | | | 621,715 |
Kimberly-Clark Corp. | | | 4,393 | | | 589,453 |
| | | | | | 2,848,371 |
Energy - 6.0%
| | | | | | |
APA Corp.(b) | | | 26,330 | | | 621,388 |
Baker Hughes Co. | | | 18,997 | | | 723,406 |
Exxon Mobil Corp. | | | 5,671 | | | 662,259 |
Halliburton Co. | | | 22,617 | | | 627,395 |
NOV, Inc. | | | 39,913 | | | 619,051 |
Weatherford International PLC | | | 6,887 | | | 544,073 |
| | | | | | 3,797,572 |
Health Care - 7.2%
| | | | | | |
Agilent Technologies, Inc. | | | 4,591 | | | 598,253 |
BioMarin Pharmaceutical, Inc.(a) | | | 7,425 | | | 489,233 |
Danaher Corp. | | | 2,299 | | | 564,772 |
IQVIA Holdings, Inc.(a) | | | 2,641 | | | 543,571 |
Merck & Co., Inc. | | | 5,441 | | | 556,723 |
Mettler-Toledo International, Inc.(a) | | | 459 | | | 592,913 |
Repligen Corp.(a)(b) | | | 4,503 | | | 604,618 |
West Pharmaceutical Services, Inc. | | | 2,103 | | | 647,577 |
| | | | | | 4,597,660 |
Industrials - 16.2%
| | | | | | |
AGCO Corp.(b) | | | 6,980 | | | 696,883 |
Brink’s Co. | | | 5,675 | | | 583,333 |
Caterpillar, Inc. | | | 1,826 | | | 686,941 |
CNH Industrial NV(b) | | | 61,153 | | | 686,748 |
| | | | | | | |
| | | | | | | |
Concentrix Corp.(b) | | | 9,323 | | | $396,321 |
Donaldson Co., Inc. | | | 8,915 | | | 652,222 |
Fabrinet(a) | | | 2,759 | | | 664,836 |
General Electric Co.(b) | | | 3,536 | | | 607,414 |
Genpact Ltd. | | | 16,043 | | | 612,361 |
GXO Logistics, Inc.(a)(b) | | | 12,421 | | | 742,900 |
Howmet Aerospace, Inc. | | | 6,616 | | | 659,748 |
Ingersoll Rand, Inc. | | | 6,925 | | | 664,800 |
ITT, Inc. | | | 4,657 | | | 652,539 |
Nordson Corp. | | | 2,522 | | | 625,179 |
Uber Technologies, Inc.(a) | | | 8,697 | | | 626,619 |
Westinghouse Air Brake Technologies Corp. | | | 3,731 | | | 701,353 |
| | | | | | 10,260,197 |
Information Technology - 35.4%(c)
| | | | | | |
Advanced Micro Devices, Inc.(a) | | | 4,139 | | | 596,306 |
Allegro MicroSystems, Inc.(a)(b) | | | 28,089 | | | 585,375 |
Altair Engineering, Inc. - Class A(a) | | | 7,210 | | | 749,768 |
Amphenol Corp. | | | 9,914 | | | 664,436 |
Analog Devices, Inc. | | | 2,808 | | | 626,493 |
ANSYS, Inc.(a) | | | 1,979 | | | 634,091 |
Apple, Inc. | | | 2,834 | | | 640,229 |
Applied Materials, Inc. | | | 3,345 | | | 607,385 |
Arrow Electronics, Inc.(a) | | | 5,070 | | | 601,657 |
Broadcom, Inc. | | | 3,759 | | | 638,165 |
Cadence Design System, Inc.(a) | | | 2,346 | | | 647,778 |
Cirrus Logic, Inc.(a) | | | 4,733 | | | 519,778 |
Coherent Corp.(a) | | | 8,135 | | | 751,999 |
Corning, Inc. | | | 14,831 | | | 705,807 |
Fortinet, Inc.(a) | | | 8,403 | | | 660,980 |
Hewlett Packard Enterprise Co. | | | 36,985 | | | 720,838 |
Jabil, Inc. | | | 5,991 | | | 737,432 |
KLA Corp. | | | 839 | | | 558,967 |
Kyndryl Holdings, Inc.(a) | | | 27,489 | | | 629,223 |
Lam Research Corp. | | | 8,245 | | | 613,016 |
Lattice Semiconductor Corp.(a) | | | 14,164 | | | 717,548 |
Littelfuse, Inc. | | | 2,522 | | | 616,957 |
MACOM Technology Solutions Holdings, Inc.(a)(b) | | | 6,214 | | | 698,454 |
Microsoft Corp. | | | 1,464 | | | 594,896 |
Monolithic Power Systems, Inc. | | | 690 | | | 523,917 |
Novanta, Inc.(a) | | | 3,684 | | | 627,164 |
NVIDIA Corp. | | | 5,293 | | | 702,699 |
ON Semiconductor Corp.(a) | | | 8,789 | | | 619,537 |
Onto Innovation, Inc.(a) | | | 3,187 | | | 632,078 |
PTC, Inc.(a) | | | 3,686 | | | 683,126 |
QUALCOMM, Inc. | | | 3,758 | | | 611,690 |
Rambus, Inc.(a) | | | 15,423 | | | 737,528 |
Synopsys, Inc.(a) | | | 1,287 | | | 661,016 |
TE Connectivity PLC | | | 4,322 | | | 637,149 |
Universal Display Corp. | | | 3,015 | | | 543,665 |
| | | | | | 22,497,147 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Export Leaders ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Materials - 15.1%
| | | | | | |
Amcor PLC | | | 57,354 | | | $638,350 |
AptarGroup, Inc. | | | 4,139 | | | 694,979 |
Ashland, Inc. | | | 7,271 | | | 614,908 |
Avery Dennison Corp. | | | 2,873 | | | 594,797 |
Axalta Coating Systems Ltd.(a) | | | 18,113 | | | 686,845 |
Cabot Corp. | | | 6,018 | | | 648,921 |
Corteva, Inc. | | | 11,130 | | | 678,040 |
Crown Holdings, Inc. | | | 6,901 | | | 645,588 |
DuPont de Nemours, Inc. | | | 7,742 | | | 642,509 |
FMC Corp. | | | 9,925 | | | 645,026 |
Freeport-McMoRan, Inc. | | | 14,835 | | | 667,872 |
International Flavors & Fragrances, Inc. | | | 6,085 | | | 605,031 |
Linde PLC | | | 1,345 | | | 613,522 |
Mosaic Co. | | | 23,885 | | | 639,163 |
NewMarket Corp. | | | 1,132 | | | 594,266 |
| | | | | | 9,609,817 |
TOTAL COMMON STOCKS
(Cost $58,723,019) | | | | | | 63,444,596 |
| | | | | | | |
| | | | | | | |
INVESTMENTS PURCHASED WITH
PROCEEDS FROM SECURITIES
LENDING - 10.2%
|
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(d) | | | 6,478,252 | | | 6,478,252 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $6,478,252) | | | | | | 6,478,252 |
TOTAL INVESTMENTS - 110.1%
(Cost $65,201,271) | | | | | | $69,922,848 |
Liabilities in Excess of Other
Assets - (10.1)% | | | | | | (6,464,061) |
TOTAL NET ASSETS - 100.0% | | | | | | $63,458,787 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
NV - Naamloze Vennootschap
PLC - Public Limited Company
SA - Sociedad Anónima
(a)
| Non-income producing security. |
(b)
| All or a portion of this security is on loan as of October 31, 2024. The total market value of these securities was $6,194,435 which represented 9.8% of net assets. |
(c)
| To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors. |
(d)
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Large Cap Cash Cows Growth Leaders ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 99.9%
| | | | | | |
Communication Services - 4.9%
| | | |
Electronic Arts, Inc. | | | 13,496 | | | $2,035,872 |
Iridium Communications, Inc. | | | 34,321 | | | 1,006,635 |
Match Group, Inc.(a) | | | 42,008 | | | 1,513,548 |
Meta Platforms, Inc. - Class A | | | 3,450 | | | 1,958,151 |
Pinterest, Inc. - Class A(a) | | | 30,669 | | | 974,967 |
TKO Group Holdings, Inc.(a) | | | 41,114 | | | 4,800,882 |
ZoomInfo Technologies, Inc.(a) | | | 54,849 | | | 606,081 |
| | | | | | 12,896,136 |
Consumer Discretionary - 5.1%
| | | | | | |
Airbnb, Inc. - Class A(a) | | | 5,985 | | | 806,718 |
Booking Holdings, Inc. | | | 607 | | | 2,838,484 |
Duolingo, Inc.(a) | | | 4,480 | | | 1,312,506 |
Etsy, Inc.(a) | | | 13,297 | | | 683,998 |
Garmin Ltd. | | | 22,629 | | | 4,488,462 |
Grand Canyon Education, Inc.(a) | | | 13,386 | | | 1,835,354 |
McDonald’s Corp. | | | 4,356 | | | 1,272,431 |
| | | | | | 13,237,953 |
Consumer Staples - 3.3%
| | | | | | |
Altria Group, Inc. | | | 72,681 | | | 3,958,207 |
Philip Morris International, Inc. | | | 34,887 | | | 4,629,505 |
| | | | | | 8,587,712 |
Energy - 13.2%
| | | | | | |
Antero Midstream Corp. | | | 149,006 | | | 2,141,216 |
Diamondback Energy, Inc. | | | 9,863 | | | 1,743,483 |
DT Midstream, Inc. | | | 57,626 | | | 5,194,984 |
Kinder Morgan, Inc. | | | 154,264 | | | 3,781,011 |
Marathon Oil Corp. | | | 102,950 | | | 2,851,715 |
Texas Pacific Land Corp. | | | 8,585 | | | 10,010,110 |
Viper Energy, Inc. | | | 86,115 | | | 4,469,368 |
Williams Cos., Inc. | | | 80,081 | | | 4,193,842 |
| | | | | | 34,385,729 |
Health Care - 13.9%
| | | | | | |
AbbVie, Inc. | | | 11,266 | | | 2,296,799 |
Bristol-Myers Squibb Co. | | | 25,601 | | | 1,427,768 |
Doximity, Inc. - Class A(a) | | | 104,635 | | | 4,367,465 |
Gilead Sciences, Inc. | | | 25,517 | | | 2,266,420 |
Hologic, Inc.(a) | | | 25,132 | | | 2,032,425 |
IDEXX Laboratories, Inc.(a) | | | 1,720 | | | 699,902 |
Jazz Pharmaceuticals PLC(a) | | | 11,340 | | | 1,247,740 |
Johnson & Johnson | | | 8,980 | | | 1,435,543 |
Medpace Holdings, Inc.(a) | | | 2,830 | | | 889,243 |
Mettler-Toledo International, Inc.(a) | | | 1,838 | | | 2,374,237 |
Neurocrine Biosciences, Inc.(a) | | | 10,046 | | | 1,208,232 |
Regeneron Pharmaceuticals, Inc.(a) | | | 2,775 | | | 2,326,005 |
ResMed, Inc. | | | 19,371 | | | 4,696,886 |
United Therapeutics Corp.(a) | | | 18,729 | | | 7,004,084 |
Veeva Systems, Inc. - Class A(a) | | | 5,370 | | | 1,121,417 |
Zoetis, Inc. | | | 5,470 | | | 977,927 |
| | | | | | 36,372,093 |
| | | | | | | |
| | | | | | | |
Industrials - 5.0%
| | | | | | |
AMETEK, Inc. | | | 6,833 | | | $1,252,762 |
Carlisle Cos., Inc. | | | 7,477 | | | 3,157,014 |
Paychex, Inc. | | | 13,785 | | | 1,920,664 |
Snap-On, Inc. | | | 5,500 | | | 1,815,715 |
TransDigm Group, Inc. | | | 2,020 | | | 2,630,646 |
Verisk Analytics, Inc. | | | 8,451 | | | 2,321,659 |
| | | | | | 13,098,460 |
Information Technology - 50.2%(b)
| | | |
Adobe, Inc.(a) | | | 2,594 | | | 1,240,140 |
Analog Devices, Inc. | | | 14,584 | | | 3,253,836 |
ANSYS, Inc.(a) | | | 3,781 | | | 1,211,470 |
Apple, Inc. | | | 15,789 | | | 3,566,893 |
Applied Materials, Inc. | | | 7,010 | | | 1,272,876 |
AppLovin Corp. - Class A(a) | | | 70,859 | | | 12,002,806 |
Arista Networks, Inc.(a) | | | 11,292 | | | 4,363,681 |
Aspen Technology, Inc.(a) | | | 13,210 | | | 3,100,783 |
Atlassian Corp. - Class A(a) | | | 4,684 | | | 883,121 |
Bentley Systems, Inc. - Class B | | | 27,522 | | | 1,328,212 |
Broadcom, Inc. | | | 24,514 | | | 4,161,742 |
Cadence Design System, Inc.(a) | | | 3,744 | | | 1,033,793 |
Cirrus Logic, Inc.(a) | | | 47,314 | | | 5,196,023 |
Crowdstrike Holdings, Inc. - Class A(a) | | | 3,493 | | | 1,036,967 |
Datadog, Inc. - Class A(a) | | | 8,647 | | | 1,084,680 |
DocuSign, Inc.(a) | | | 36,288 | | | 2,517,661 |
Dropbox, Inc. - Class A(a) | | | 70,212 | | | 1,814,980 |
Dynatrace, Inc.(a) | | | 28,652 | | | 1,541,478 |
F5, Inc.(a) | | | 9,654 | | | 2,257,878 |
Fair Isaac Corp.(a) | | | 2,498 | | | 4,978,789 |
Fortinet, Inc.(a) | | | 28,312 | | | 2,227,022 |
Gen Digital, Inc. | | | 125,336 | | | 3,648,531 |
GoDaddy, Inc. - Class A(a) | | | 34,838 | | | 5,810,978 |
Intuit, Inc. | | | 1,805 | | | 1,101,592 |
KLA Corp. | | | 4,143 | | | 2,760,191 |
Lam Research Corp. | | | 12,742 | | | 947,368 |
Lattice Semiconductor Corp.(a) | | | 13,104 | | | 663,849 |
Manhattan Associates, Inc.(a) | | | 6,283 | | | 1,654,691 |
Marvell Technology, Inc. | | | 26,160 | | | 2,095,678 |
Microchip Technology, Inc. | | | 16,393 | | | 1,202,754 |
Microsoft Corp. | | | 3,406 | | | 1,384,028 |
Monolithic Power Systems, Inc. | | | 4,680 | | | 3,553,524 |
NVIDIA Corp. | | | 54,378 | | | 7,219,223 |
Okta, Inc.(a) | | | 9,181 | | | 660,022 |
Oracle Corp. | | | 24,536 | | | 4,118,122 |
Palantir Technologies, Inc. - Class A(a) | | | 111,754 | | | 4,644,496 |
Palo Alto Networks, Inc.(a) | | | 7,873 | | | 2,836,878 |
PTC, Inc.(a) | | | 7,459 | | | 1,382,376 |
QUALCOMM, Inc. | | | 13,507 | | | 2,198,534 |
Roper Technologies, Inc. | | | 2,579 | | | 1,386,806 |
salesforce.com, Inc. | | | 3,278 | | | 955,111 |
ServiceNow, Inc.(a) | | | 2,568 | | | 2,395,918 |
Skyworks Solutions, Inc. | | | 15,997 | | | 1,401,017 |
Snowflake, Inc. - Class A(a) | | | 4,986 | | | 572,493 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Large Cap Cash Cows Growth Leaders ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Information Technology - (Continued)
|
Ubiquiti, Inc. | | | 36,017 | | | $9,569,357 |
UiPath, Inc. - Class A(a) | | | 40,908 | | | 505,623 |
Universal Display Corp. | | | 11,620 | | | 2,095,318 |
VeriSign, Inc.(a) | | | 6,024 | | | 1,065,284 |
Workday, Inc. - Class A(a) | | | 3,726 | | | 871,325 |
Zoom Video Communications, Inc. - Class A(a) | | | 18,071 | | | 1,350,627 |
Zscaler, Inc.(a) | | | 5,137 | | | 928,718 |
| | | | | | 131,055,263 |
Materials - 2.7%
| | | | | | |
Royal Gold, Inc. | | | 32,405 | | | 4,733,074 |
Scotts Miracle-Gro Co. | | | 27,634 | | | 2,403,606 |
| | | | | | 7,136,680 |
Utilities - 1.6%
| | | | | | |
Clearway Energy, Inc. - Class C | | | 146,348 | | | 4,153,356 |
TOTAL COMMON STOCKS
(Cost $228,926,306) | | | | | | 260,923,382 |
TOTAL INVESTMENTS - 99.9%
(Cost $228,926,306) | | | | | | $260,923,382 |
Other Assets in Excess of
Liabilities - 0.1%(d) | | | | | | 248,328 |
TOTAL NET ASSETS - 100.0% | | | | | | $261,171,710 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
PLC - Public Limited Company
(a)
| Non-income producing security. |
(b)
| To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Small Cap Cash Cows 100 ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 99.9%
| | | | | | |
Communication Services - 2.8%
| | | | | | |
AMC Networks, Inc. - Class A(a)(b) | | | 10,125,232 | | | $112,693,832 |
Scholastic Corp. | | | 1,112,903 | | | 34,867,251 |
Thryv Holdings, Inc.(a) | | | 1,569,525 | | | 30,574,347 |
YELP, Inc.(a) | | | 2,676,064 | | | 97,489,012 |
| | | | | | 275,624,442 |
Consumer Discretionary - 28.1%(c)
| | | |
Academy Sports & Outdoors, Inc.(b) | | | 3,246,481 | | | 175,537,228 |
Adtalem Global Education, Inc.(a) | | | 1,319,624 | | | 103,471,718 |
Buckle, Inc.(b) | | | 2,084,467 | | | 90,028,130 |
Cavco Industries, Inc.(a)(b) | | | 201,901 | | | 83,712,193 |
Ethan Allen Interiors, Inc.(b) | | | 882,740 | | | 27,250,184 |
Fox Factory Holding Corp.(a) | | | 1,573,608 | | | 84,014,931 |
G-III Apparel Group Ltd.(a) | | | 5,228,389 | | | 144,146,685 |
Guess?, Inc.(b) | | | 4,006,312 | | | 96,351,804 |
Hanesbrands, Inc.(a)(b) | | | 35,095,605 | | | 208,467,894 |
Kontoor Brands, Inc.(b) | | | 2,027,397 | | | 142,221,900 |
La-Z-Boy, Inc.(b) | | | 1,385,241 | | | 61,144,538 |
LCI Industries(b) | | | 1,353,404 | | | 157,928,713 |
M/I Homes, Inc.(a) | | | 1,164,403 | | | 194,257,352 |
Movado Group, Inc. | | | 1,007,213 | | | 26,086,817 |
Newell Brands, Inc. | | | 25,703,543 | | | 220,793,434 |
Oxford Industries, Inc.(b) | | | 544,300 | | | 57,331,119 |
Patrick Industries, Inc.(b) | | | 1,314,808 | | | 168,374,312 |
Perdoceo Education Corp. | | | 2,625,074 | | | 65,075,584 |
Signet Jewelers Ltd.(b) | | | 2,055,071 | | | 172,893,123 |
Sonos, Inc.(a) | | | 3,495,540 | | | 47,189,790 |
Standard Motor Products, Inc. | | | 1,065,198 | | | 34,863,930 |
Vista Outdoor, Inc.(a) | | | 3,585,245 | | | 145,668,504 |
Winnebago Industries, Inc.(b) | | | 1,422,076 | | | 88,908,191 |
Wolverine World Wide, Inc. | | | 4,723,332 | | | 70,235,947 |
Worthington Enterprises, Inc.(b) | | | 2,615,517 | | | 130,540,453 |
| | | | | | 2,796,494,474 |
Consumer Staples - 6.1%
| | | | | | |
Andersons, Inc. | | | 3,712,391 | | | 202,436,681 |
Cal-Maine Foods, Inc.(b) | | | 1,487,047 | | | 106,427,954 |
Central Garden & Pet Co.(a)(b) | | | 3,149,011 | | | 125,456,598 |
John B Sanfilippo & Son, Inc. | | | 342,928 | | | 35,962,860 |
Nu Skin Enterprises, Inc. - Class A - Class A | | | 2,377,556 | | | 26,676,178 |
USANA Health Sciences, Inc.(a) | | | 464,188 | | | 20,702,785 |
Vector Group Ltd. | | | 7,028,168 | | | 89,819,987 |
| | | | | | 607,483,043 |
Consumer, Cyclical - 1.2%
| | | | | | |
Leggett & Platt, Inc.(b) | | | 9,203,056 | | | 121,204,247 |
Energy - 12.9%
| | | | | | |
Cactus, Inc. - Class A(b) | | | 2,306,912 | | | 145,612,286 |
CONSOL Energy, Inc.(a) | | | 1,824,048 | | | 182,058,231 |
CVR Energy, Inc.(b) | | | 6,717,625 | | | 192,124,075 |
| | | | | | | |
| | | | | | | |
Dorian LPG Ltd.(b) | | | 3,040,000 | | | $124,214,400 |
Helix Energy Solutions Group, Inc.(a) | | | 6,797,000 | | | 80,204,600 |
Helmerich & Payne, Inc.(b) | | | 3,798,778 | | | 153,546,607 |
Liberty Energy, Inc.(b) | | | 6,008,322 | | | 145,100,976 |
Patterson-UTI Energy, Inc. | | | 14,597,801 | | | 160,429,833 |
ProPetro Holding Corp.(a) | | | 3,636,156 | | | 34,870,736 |
RPC, Inc.(b) | | | 8,599,843 | | | 64,240,827 |
| | | | | | 1,282,402,571 |
Health Care - 11.0%
| | | | | | |
Alkermes PLC(a) | | | 5,598,477 | | | 152,950,392 |
AMN Healthcare Services,
Inc.(a)(b) | | | 1,926,136 | | | 130,245,316 |
Catalyst Pharmaceuticals, Inc.(a) | | | 2,940,516 | | | 50,694,496 |
Collegium Pharmaceutical,
Inc.(a)(b) | | | 3,380,638 | | | 130,391,208 |
Cross Country Healthcare,
Inc.(a)(b) | | | 4,517,581 | | | 82,400,677 |
Harmony Biosciences Holdings, Inc.(a)(b) | | | 2,490,459 | | | 84,326,942 |
Innoviva, Inc.(a)(b) | | | 3,329,799 | | | 62,733,413 |
Ironwood Pharmaceuticals, Inc.(a) | | | 8,839,722 | | | 60,375,301 |
Omnicell, Inc.(a) | | | 2,054,344 | | | 60,007,388 |
Owens & Minor, Inc.(a) | | | 6,739,787 | | | 110,667,303 |
Pacira BioSciences, Inc.(a) | | | 2,145,091 | | | 44,296,129 |
Premier, Inc.(b) | | | 4,018,046 | | | 84,298,605 |
Supernus Pharmaceuticals,
Inc.(a)(b) | | | 1,338,384 | | | 39,910,611 |
| | | | | | 1,093,297,781 |
Industrials - 20.9%
| | | | | | |
ABM Industries, Inc. | | | 2,457,415 | | | 136,533,977 |
American Woodmark Corp.(a) | | | 837,483 | | | 85,548,888 |
Apogee Enterprises, Inc. | | | 907,582 | | | 62,296,429 |
Boise Cascade Co. | | | 1,230,743 | | | 174,876,273 |
DNOW, Inc.(a)(b) | | | 6,984,391 | | | 107,280,246 |
DXP Enterprises, Inc./TX(a) | | | 710,612 | | | 38,913,113 |
Gibraltar Industries, Inc.(a) | | | 1,075,549 | | | 79,881,024 |
GMS, Inc.(a)(b) | | | 1,464,853 | | | 140,962,804 |
Heidrick & Struggles Internatio nal, Inc. | | | 941,604 | | | 37,795,985 |
Herman Miller, Inc. | | | 3,988,274 | | | 123,716,260 |
Hub Group, Inc. - Class A | | | 2,340,604 | | | 109,470,049 |
Insteel Industries, Inc. | | | 635,920 | | | 21,780,260 |
Interface, Inc. | | | 2,396,849 | | | 41,417,551 |
Kelly Services, Inc. - Class A | | | 826,128 | | | 19,438,792 |
Liquidity Services, Inc.(a) | | | 795,616 | | | 17,877,492 |
Masterbrand, Inc.(a) | | | 6,713,909 | | | 121,186,057 |
Mueller Industries, Inc.(b) | | | 3,263,984 | | | 231,547,025 |
Powell Industries, Inc.(b) | | | 465,480 | | | 85,476,092 |
Quanex Building Products
Corp.(b) | | | 1,286,361 | | | 42,964,457 |
Resideo Technologies, Inc.(a) | | | 6,062,945 | | | 137,750,110 |
SkyWest, Inc.(a) | | | 2,233,954 | | | 178,582,283 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Small Cap Cash Cows 100 ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Industrials - (Continued)
|
Titan International, Inc.(a) | | | 4,449,308 | | | $37,908,104 |
Wabash National Corp.(b) | | | 2,375,565 | | | 51,050,892 |
| | | | | | 2,084,254,163 |
Information Technology - 11.7%
| | | | | | |
A10 Networks, Inc. | | | 1,707,764 | | | 22,354,631 |
Adeia, Inc. | | | 4,503,667 | | | 52,918,087 |
Benchmark Electronics, Inc. | | | 1,772,620 | | | 84,855,319 |
DXC Technology Co.(a)(b) | | | 10,037,017 | | | 204,152,926 |
ePlus, Inc.(a) | | | 1,150,222 | | | 105,728,406 |
Insight Enterprises, Inc.(a)(b) | | | 909,040 | | | 204,079,480 |
InterDigital, Inc.(b) | | | 737,104 | | | 90,486,887 |
PC Connection, Inc. | | | 1,249,763 | | | 89,445,538 |
Photronics, Inc.(a) | | | 2,460,015 | | | 62,508,981 |
ScanSource, Inc.(a) | | | 2,303,761 | | | 119,910,760 |
Xerox Holdings Corp.(b) | | | 12,490,117 | | | 134,456,110 |
| | | | | | 1,170,897,125 |
Materials - 5.2%
| | | | | | |
Alpha Metallurgical Resources, Inc.(b) | | | 608,756 | | | 179,832,610 |
Arch Resources, Inc.(b) | | | 993,868 | | | 145,651,355 |
Clearwater Paper Corp.(a) | | | 1,291,180 | | | 71,621,755 |
Olympic Steel, Inc.(b) | | | 749,023 | | | 37,960,486 |
SunCoke Energy, Inc. | | | 4,676,380 | | | 54,713,646 |
TimkenSteel Corp.(a)(b) | | | 1,517,339 | | | 34,018,740 |
| | | | | | 523,798,592 |
TOTAL COMMON STOCKS
(Cost $9,098,059,229) | | | | | | 9,955,456,438 |
| | | Units | | | |
INVESTMENTS PURCHASED
WITH PROCEEDS FROM
SECURITIES LENDING - 12.5%
| |
Mount Vernon Liquid Assets Portfolio, LLC, 5.00%(d) | | | 1,243,009,731 | | | 1,243,009,731 |
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
(Cost $1,243,009,731) | | | | | | 1,243,009,731 |
TOTAL INVESTMENTS - 112.4%
(Cost $10,341,068,960) | | | | | | $11,198,466,169 |
Liabilities in Excess of
Other Assets - (12.4)% | | | | | | (1,236,162,191) |
TOTAL NET ASSETS - 100.0% | | | | | | $9,962,303,978 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
PLC - Public Limited Company
(a)
| Non-income producing security. |
(b)
| All or a portion of this security is on loan as of July 31, 2024. The total market value of these securities was $1,239,994,542 which represented 12.4% of net assets. |
(c)
| To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors. |
(d)
| The rate shown represents the 7-day annualized effective yield as of July 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Small Cap Cash Cows Growth Leaders ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 99.9%
| | | | | | |
Communication Services - 4.5%
| | | | | | |
Cable One, Inc. | | | 205 | | | $70,020 |
Cars.com, Inc.(a) | | | 5,855 | | | 93,622 |
ePlus, Inc.(a) | | | 2,016 | | | 179,323 |
Gogo, Inc.(a) | | | 14,417 | | | 94,431 |
J2 Global, Inc.(a) | | | 1,254 | | | 58,023 |
TechTarget, Inc.(a) | | | 3,123 | | | 90,395 |
TEGNA, Inc. | | | 7,572 | | | 124,408 |
YELP, Inc.(a) | | | 2,587 | | | 88,320 |
| | | | | | 798,542 |
Consumer Discretionary - 13.0%
| | | | | | |
Adtalem Global Education, Inc.(a) | | | 5,076 | | | 410,750 |
Buckle, Inc. | | | 2,690 | | | 114,486 |
Etsy, Inc.(a) | | | 1,213 | | | 62,397 |
Fox Factory Holding Corp.(a) | | | 1,833 | | | 65,970 |
Frontdoor, Inc.(a) | | | 7,785 | | | 386,837 |
G-III Apparel Group Ltd.(a) | | | 2,297 | | | 69,553 |
Kontoor Brands, Inc. | | | 3,150 | | | 269,734 |
Monarch Casino & Resort, Inc. | | | 1,868 | | | 146,657 |
Perdoceo Education Corp. | | | 10,494 | | | 234,541 |
SkyWest, Inc.(a) | | | 2,631 | | | 250,471 |
Vista Outdoor, Inc.(a) | | | 6,134 | | | 269,712 |
| | | | | | 2,281,108 |
Consumer Staples - 3.2%
| | | | | | |
Cal-Maine Foods, Inc. | | | 3,303 | | | 289,937 |
National Beverage Corp. | | | 1,805 | | | 81,568 |
Simply Good Foods Co.(a) | | | 2,510 | | | 84,487 |
WD-40 Co. | | | 408 | | | 106,924 |
| | | | | | 562,916 |
Energy - 6.5%
| | | | | | |
Cactus, Inc. - Class A | | | 4,459 | | | 264,374 |
CONSOL Energy, Inc. | | | 2,053 | | | 227,719 |
Dorian LPG Ltd. | | | 4,075 | | | 117,564 |
Peabody Energy Corp. | | | 4,380 | | | 115,063 |
RPC, Inc. | | | 14,193 | | | 80,616 |
SM Energy Co. | | | 3,196 | | | 134,136 |
Tidewater, Inc.(a) | | | 3,302 | | | 198,351 |
| | | | | | 1,137,823 |
Health Care - 29.7%(b)
| | | | | | |
ADMA Biologics, Inc.(a) | | | 40,114 | | | 654,259 |
Alkermes PLC(a) | | | 3,605 | | | 92,648 |
Amphastar Pharmaceuticals, Inc.(a) | | | 2,635 | | | 133,147 |
ANI Pharmaceuticals, Inc.(a) | | | 1,641 | | | 93,939 |
Catalyst Pharmaceuticals, Inc.(a) | | | 11,589 | | | 252,640 |
Certara, Inc.(a) | | | 5,758 | | | 58,732 |
Collegium Pharmaceutical, Inc.(a) | | | 3,390 | | | 115,735 |
CONMED Corp. | | | 1,189 | | | 81,137 |
Corcept Therapeutics, Inc.(a) | | | 9,340 | | | 457,380 |
Dynavax Technologies Corp.(a) | | | 7,597 | | | 90,024 |
Harmony Biosciences Holdings, Inc.(a) | | | 4,160 | | | 133,661 |
HealthStream, Inc. | | | 4,659 | | | 136,206 |
| | | | | | | |
| | | | | | | |
Innoviva, Inc.(a) | | | 11,959 | | | $233,918 |
Ironwood Pharmaceuticals, Inc.(a) | | | 10,665 | | | 42,127 |
LeMaitre Vascular, Inc. | | | 2,764 | | | 244,310 |
Merit Medical Systems, Inc.(a) | | | 2,466 | | | 243,296 |
Mesa Laboratories, Inc. | | | 1,707 | | | 194,666 |
Omnicell, Inc.(a) | | | 10,523 | | | 511,839 |
Organon & Co. | | | 11,957 | | | 224,552 |
Pacira BioSciences, Inc.(a) | | | 3,666 | | | 60,856 |
Premier, Inc. | | | 5,142 | | | 103,611 |
Prestige Brands Holdings, Inc.(a) | | | 1,858 | | | 137,027 |
Progyny, Inc.(a) | | | 2,312 | | | 34,796 |
Protagonist Therapeutics, Inc.(a) | | | 6,592 | | | 302,177 |
Simulations Plus, Inc. | | | 2,548 | | | 69,357 |
Supernus Pharmaceuticals, Inc.(a) | | | 6,233 | | | 212,358 |
TG Therapeutics, Inc.(a) | | | 12,038 | | | 301,672 |
| | | | | | 5,216,070 |
Industrials - 14.4%
| | | | | | |
Brady Corp. - Class A | | | 3,190 | | | 226,937 |
CSW Industrials, Inc. | | | 1,002 | | | 353,806 |
Enerpac Tool Group Corp. | | | 5,194 | | | 229,159 |
EnPro Industries, Inc. | | | 790 | | | 115,032 |
Franklin Electric Co., Inc. | | | 1,138 | | | 108,918 |
Gibraltar Industries, Inc.(a) | | | 1,272 | | | 85,847 |
Griffon Corp. | | | 1,372 | | | 86,271 |
Hayward Holdings, Inc.(a) | | | 8,253 | | | 134,194 |
Lindsay Corp. | | | 1,031 | | | 123,411 |
Liquidity Services, Inc.(a) | | | 9,354 | | | 201,859 |
Mueller Industries, Inc. | | | 4,436 | | | 363,619 |
Powell Industries, Inc. | | | 520 | | | 132,590 |
Verra Mobility Corp.(a) | | | 8,890 | | | 230,873 |
Zurn Elkay Water Solutions Corp. | | | 3,579 | | | 129,202 |
| | | | | | 2,521,718 |
Information Technology - 24.3%
| | | | | | |
A10 Networks, Inc. | | | 9,019 | | | 132,128 |
ACI Worldwide, Inc.(a) | | | 7,629 | | | 375,347 |
Adeia, Inc. | | | 13,117 | | | 163,044 |
Agilysys, Inc.(a) | | | 3,243 | | | 324,430 |
Alarm.com Holdings, Inc.(a) | | | 1,258 | | | 67,089 |
Axcelis Technologies, Inc.(a) | | | 995 | | | 84,883 |
Badger Meter, Inc. | | | 1,220 | | | 244,061 |
BlackLine, Inc.(a) | | | 1,637 | | | 90,641 |
Box, Inc. - Class A(a) | | | 7,051 | | | 223,940 |
Clear Secure, Inc. - Class A | | | 13,033 | | | 479,354 |
CTS Corp. | | | 3,272 | | | 161,931 |
Digi International, Inc.(a) | | | 4,131 | | | 119,675 |
DigitalOcean Holdings, Inc.(a) | | | 2,658 | | | 105,204 |
DoubleVerify Holdings, Inc.(a) | | | 3,183 | | | 54,270 |
Impinj, Inc.(a) | | | 2,016 | | | 383,020 |
InterDigital, Inc. | | | 1,841 | | | 276,960 |
Knowles Corp.(a) | | | 9,593 | | | 166,151 |
N-able, Inc.(a) | | | 7,905 | | | 96,678 |
NetScout Systems, Inc.(a) | | | 5,552 | | | 116,758 |
Photronics, Inc.(a) | | | 3,684 | | | 83,995 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Small Cap Cash Cows Growth Leaders ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Information Technology - (Continued)
|
Progress Software Corp. | | | 2,518 | | | $161,379 |
Rogers Corp.(a) | | | 943 | | | 94,564 |
SolarWinds Corp. | | | 10,972 | | | 143,514 |
SPS Commerce, Inc.(a) | | | 729 | | | 120,285 |
| | | | | | 4,269,301 |
Materials - 2.8%
| | | | | | |
Alpha Metallurgical Resources, Inc. | | | 266 | | | 55,408 |
Balchem Corp. | | | 958 | | | 160,302 |
Sylvamo Corp. | | | 3,351 | | | 284,902 |
| | | | | | 500,612 |
Utilities - 1.5%
| | | | | | |
Clearway Energy, Inc. - Class C | | | 9,174 | | | 260,358 |
TOTAL COMMON STOCKS
(Cost $16,599,780) | | | | | | 17,548,448 |
TOTAL INVESTMENTS - 99.9%
(Cost $16,599,780) | | | | | | $17,548,448 |
Other Assets in Excess of
Liabilities – 0.1% | | | | | | 10,879 |
TOTAL NET ASSETS - 100.0% | | | | | | $17,559,327 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
PLC - Public Limited Company
(a)
| Non-income producing security. |
(b)
| To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer WealthShield ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| | | | | | | |
COMMON STOCKS - 80.5%
| | | | | | |
Consumer Discretionary - 19.8%
| | | | | | |
Airbnb, Inc. - Class A(a) | | | 350 | | | $47,176 |
Amazon.com, Inc.(a) | | | 7,420 | | | 1,383,088 |
Aptiv PLC(a) | | | 211 | | | 11,991 |
AutoZone, Inc.(a) | | | 14 | | | 42,126 |
Best Buy Co., Inc. | | | 156 | | | 14,107 |
Booking Holdings, Inc. | | | 27 | | | 126,259 |
BorgWarner, Inc. | | | 181 | | | 6,087 |
Caesars Entertainment, Inc.(a) | | | 172 | | | 6,888 |
CarMax, Inc.(a) | | | 124 | | | 8,975 |
Carnival Corp.(a) | | | 802 | | | 17,644 |
Chipotle Mexican Grill, Inc.(a) | | | 1,088 | | | 60,678 |
Darden Restaurants, Inc. | | | 94 | | | 15,042 |
Deckers Outdoor Corp.(a) | | | 121 | | | 19,468 |
Domino’s Pizza, Inc. | | | 28 | | | 11,584 |
DR Horton, Inc. | | | 233 | | | 39,377 |
eBay, Inc. | | | 388 | | | 22,314 |
Expedia Group, Inc.(a) | | | 99 | | | 15,475 |
Ford Motor Co. | | | 3,102 | | | 31,919 |
Garmin Ltd. | | | 122 | | | 24,199 |
General Motors Co. | | | 893 | | | 45,329 |
Genuine Parts Co. | | | 111 | | | 12,732 |
Hasbro, Inc. | | | 104 | | | 6,825 |
Hilton Worldwide Holdings, Inc. | | | 196 | | | 46,031 |
Home Depot, Inc. | | | 788 | | | 310,275 |
Las Vegas Sands Corp. | | | 281 | | | 14,570 |
Lennar Corp. - Class A | | | 192 | | | 32,698 |
LKQ Corp. | | | 209 | | | 7,689 |
Lowe’s Cos., Inc. | | | 453 | | | 118,609 |
Lululemon Athletica, Inc.(a) | | | 91 | | | 27,109 |
Marriott International, Inc. | | | 186 | | | 48,364 |
McDonald’s Corp. | | | 570 | | | 166,503 |
MGM Resorts International(a) | | | 183 | | | 6,747 |
Mohawk Industries, Inc.(a) | | | 42 | | | 5,639 |
NIKE, Inc. - Class B | | | 954 | | | 73,582 |
Norwegian Cruise Line Holdings Ltd.(a) | | | 349 | | | 8,844 |
NVR, Inc.(a) | | | 2 | | | 18,306 |
O’Reilly Automotive, Inc.(a) | | | 46 | | | 53,044 |
Pool Corp. | | | 30 | | | 10,849 |
PulteGroup, Inc. | | | 165 | | | 21,372 |
Ralph Lauren Corp. | | | 32 | | | 6,334 |
Ross Stores, Inc. | | | 265 | | | 37,026 |
Royal Caribbean Cruises Ltd. | | | 188 | | | 38,794 |
Starbucks Corp. | | | 900 | | | 87,930 |
Tapestry, Inc. | | | 183 | | | 8,683 |
Tesla Motors, Inc.(a) | | | 2,204 | | | 550,669 |
TJX Cos., Inc. | | | 898 | | | 101,501 |
Tractor Supply Co. | | | 86 | | | 22,834 |
Ulta Beauty, Inc.(a) | | | 38 | | | 14,021 |
Wynn Resorts Ltd. | | | 74 | | | 7,105 |
Yum! Brands, Inc. | | | 223 | | | 29,249 |
| | | | | | 3,843,660 |
| | | | | | | |
| | | | | | | |
Consumer Staples - 20.0%
| | | | | | |
Altria Group, Inc. | | | 2,391 | | | $130,214 |
Archer-Daniels-Midland Co. | | | 670 | | | 36,991 |
Brown-Forman Corp. - Class B | | | 257 | | | 11,316 |
Bunge Global SA | | | 199 | | | 16,720 |
Campbell Soup Co. | | | 276 | | | 12,875 |
Church & Dwight Co., Inc. | | | 343 | | | 34,269 |
Clorox Co. | | | 174 | | | 27,588 |
Coca-Cola Co. | | | 5,436 | | | 355,025 |
Colgate-Palmolive Co. | | | 1,145 | | | 107,298 |
Conagra Brands, Inc. | | | 671 | | | 19,419 |
Constellation Brands, Inc. - Class A | | | 220 | | | 51,115 |
Costco Wholesale Corp. | | | 621 | | | 542,866 |
Dollar General Corp. | | | 308 | | | 24,652 |
Dollar Tree, Inc.(a) | | | 283 | | | 18,293 |
Estee Lauder Cos., Inc. - Class A | | | 327 | | | 22,543 |
General Mills, Inc. | | | 780 | | | 53,056 |
Hershey Co. | | | 207 | | | 36,759 |
Hormel Foods Corp. | | | 407 | | | 12,434 |
J M Smucker Co. | | | 149 | | | 16,913 |
Kellanova | | | 376 | | | 30,324 |
Kenvue, Inc. | | | 2,684 | | | 61,544 |
Keurig Dr Pepper, Inc. | | | 1,482 | | | 48,832 |
Kimberly-Clark Corp. | | | 472 | | | 63,333 |
Kroger Co. | | | 931 | | | 51,922 |
Lamb Weston Holdings, Inc. | | | 201 | | | 15,616 |
McCormick & Co., Inc. | | | 353 | | | 27,619 |
Molson Coors Beverage Co. - Class B | | | 246 | | | 13,400 |
Mondelez International, Inc. - Class A | | | 1,872 | | | 128,194 |
Monster Beverage Corp.(a) | | | 988 | | | 52,048 |
PepsiCo, Inc. | | | 1,925 | | | 319,704 |
Philip Morris International, Inc. | | | 2,179 | | | 289,153 |
Procter & Gamble Co. | | | 3,299 | | | 544,929 |
Sysco Corp. | | | 689 | | | 51,640 |
Target Corp. | | | 648 | | | 97,226 |
The Kraft Heinz Co. | | | 1,237 | | | 41,390 |
Tyson Foods, Inc. - Class A | | | 401 | | | 23,494 |
Walgreens Boots Alliance, Inc. | | | 1,004 | | | 9,498 |
Walmart, Inc. | | | 6,087 | | | 498,830 |
| | | | | | 3,899,042 |
Information Technology - 19.2%
| | | | | | |
Accenture PLC - Class A | | | 153 | | | 52,757 |
Adobe, Inc.(a) | | | 108 | | | 51,633 |
Advanced Micro Devices, Inc.(a) | | | 394 | | | 56,764 |
Akamai Technologies, Inc.(a) | | | 37 | | | 3,740 |
Amphenol Corp. | | | 294 | | | 19,704 |
Analog Devices, Inc. | | | 121 | | | 26,996 |
ANSYS, Inc.(a) | | | 21 | | | 6,729 |
Apple, Inc. | | | 3,706 | | | 837,222 |
Applied Materials, Inc. | | | 202 | | | 36,679 |
Arista Networks, Inc.(a) | | | 63 | | | 24,346 |
Autodesk, Inc.(a) | | | 53 | | | 15,041 |
Broadcom, Inc. | | | 1,134 | | | 192,519 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer WealthShield ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Information Technology - (Continued)
|
Cadence Design System, Inc.(a) | | | 67 | | | $18,500 |
CDW Corp./DE | | | 33 | | | 6,212 |
Cisco Systems, Inc. | | | 982 | | | 53,784 |
Cognizant Technology Solutions Corp. | | | 121 | | | 9,025 |
Corning, Inc. | | | 188 | | | 8,947 |
Crowdstrike Holdings, Inc. - Class A(a) | | | 56 | | | 16,625 |
Dell Technologies, Inc. - Class C | | | 70 | | | 8,654 |
Enphase Energy, Inc.(a) | | | 33 | | | 2,740 |
EPAM Systems, Inc.(a) | | | 14 | | | 2,641 |
F5, Inc.(a) | | | 14 | | | 3,274 |
Fair Isaac Corp.(a) | | | 6 | | | 11,959 |
First Solar, Inc.(a) | | | 26 | | | 5,056 |
Fortinet, Inc.(a) | | | 155 | | | 12,192 |
Gartner, Inc.(a) | | | 19 | | | 9,547 |
Gen Digital, Inc. | | | 132 | | | 3,843 |
GoDaddy, Inc. - Class A(a) | | | 34 | | | 5,671 |
Hewlett Packard Enterprise Co. | | | 317 | | | 6,178 |
HP, Inc. | | | 238 | | | 8,454 |
Intel Corp. | | | 1,040 | | | 22,381 |
International Business Machines Corp. | | | 225 | | | 46,512 |
Intuit, Inc. | | | 68 | | | 41,500 |
Jabil, Inc. | | | 28 | | | 3,447 |
Juniper Networks, Inc. | | | 80 | | | 3,112 |
Keysight Technologies, Inc.(a) | | | 43 | | | 6,407 |
KLA Corp. | | | 33 | | | 21,986 |
Lam Research Corp. | | | 318 | | | 23,643 |
Microchip Technology, Inc. | | | 131 | | | 9,611 |
Micron Technology, Inc. | | | 270 | | | 26,905 |
Microsoft Corp. | | | 1,812 | | | 736,306 |
Monolithic Power Systems, Inc. | | | 12 | | | 9,112 |
Motorola Solutions, Inc. | | | 41 | | | 18,423 |
NetApp, Inc. | | | 50 | | | 5,765 |
Nvidia Corp. | | | 5,995 | | | 795,896 |
NXP Semiconductors NV | | | 62 | | | 14,539 |
ON Semiconductor Corp.(a) | | | 104 | | | 7,331 |
Oracle Corp. | | | 390 | | | 65,458 |
Palantir Technologies, Inc. - Class A(a) | | | 491 | | | 20,406 |
Palo Alto Networks, Inc.(a) | | | 79 | | | 28,466 |
PTC, Inc.(a) | | | 29 | | | 5,375 |
Qorvo, Inc.(a) | | | 23 | | | 1,639 |
Qualcomm, Inc. | | | 272 | | | 44,273 |
Roper Technologies, Inc. | | | 26 | | | 13,981 |
salesforce.com, Inc. | | | 236 | | | 68,763 |
Seagate Technology Holdings PLC | | | 51 | | | 5,119 |
ServiceNow, Inc.(a) | | | 50 | | | 46,650 |
Skyworks Solutions, Inc. | | | 39 | | | 3,416 |
Super Micro Computer, Inc.(a) | | | 123 | | | 3,581 |
Synopsys, Inc.(a) | | | 37 | | | 19,004 |
TE Connectivity PLC | | | 74 | | | 10,909 |
Teledyne Technologies, Inc.(a) | | | 11 | | | 5,009 |
Teradyne, Inc. | | | 40 | | | 4,248 |
Texas Instruments, Inc. | | | 223 | | | 45,305 |
| | | | | | | |
| | | | | | | |
Trimble, Inc.(a) | | | 60 | | | $3,630 |
Tyler Technologies, Inc.(a) | | | 10 | | | 6,056 |
VeriSign, Inc.(a) | | | 20 | | | 3,537 |
Western Digital Corp.(a) | | | 80 | | | 5,225 |
Zebra Technologies Corp.(a) | | | 13 | | | 4,966 |
| | | | | | 3,725,324 |
Real Estate - 1.2%
| | | | | | |
CBRE Group, Inc. - Class A(a) | | | 1,057 | | | 138,435 |
CoStar Group, Inc.(a) | | | 1,438 | | | 104,672 |
| | | | | | 243,107 |
Utilities - 20.3%
| | | | | | |
AES Corp. | | | 2,303 | | | 37,976 |
Alliant Energy Corp. | | | 831 | | | 49,860 |
Ameren Corp. | | | 864 | | | 75,263 |
American Electric Power Co., Inc. | | | 1,724 | | | 170,245 |
American Water Works Co., Inc. | | | 631 | | | 87,147 |
Atmos Energy Corp. | | | 503 | | | 69,806 |
CenterPoint Energy, Inc. | | | 2,111 | | | 62,338 |
CMS Energy Corp. | | | 968 | | | 67,383 |
Consolidated Edison, Inc. | | | 1,120 | | | 113,882 |
Constellation Energy Corp. | | | 1,013 | | | 266,378 |
Dominion Energy, Inc. | | | 2,718 | | | 161,803 |
DTE Energy Co. | | | 671 | | | 83,352 |
Duke Energy Corp. | | | 2,501 | | | 288,290 |
Edison International | | | 1,251 | | | 103,082 |
Entergy Corp. | | | 693 | | | 107,263 |
Evergy, Inc. | | | 745 | | | 45,028 |
Eversource Energy | | | 1,158 | | | 76,254 |
Exelon Corp. | | | 3,240 | | | 127,332 |
FirstEnergy Corp. | | | 1,661 | | | 69,480 |
NextEra Energy, Inc. | | | 6,656 | | | 527,488 |
NiSource, Inc. | | | 1,453 | | | 51,087 |
NRG Energy, Inc. | | | 669 | | | 60,478 |
PG&E Corp. | | | 6,925 | | | 140,024 |
Pinnacle West Capital Corp. | | | 368 | | | 32,314 |
PPL Corp. | | | 2,390 | | | 77,818 |
Public Service Enterprise Group, Inc. | | | 1,614 | | | 144,308 |
Sempra | | | 2,051 | | | 170,992 |
Southern Co. | | | 3,542 | | | 322,428 |
Vistra Corp. | | | 1,113 | | | 139,080 |
WEC Energy Group, Inc. | | | 1,024 | | | 97,823 |
Xcel Energy, Inc. | | | 1,806 | | | 120,659 |
| | | | | | 3,946,661 |
TOTAL COMMON STOCKS
(Cost $15,658,904) | | | | | | 15,657,794 |
REAL ESTATE INVESTMENT TRUSTS - 18.6%
| | | |
Alexandria Real Estate Equities, Inc. | | | 546 | | | 60,906 |
American Tower Corp. | | | 1,639 | | | 349,992 |
AvalonBay Communities, Inc. | | | 498 | | | 110,362 |
Boston Properties, Inc. | | | 510 | | | 41,086 |
Camden Property Trust | | | 374 | | | 43,305 |
Crown Castle, Inc. | | | 1,525 | | | 163,922 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer WealthShield ETF
Schedule of Investments
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
REAL ESTATE INVESTMENT
TRUSTS - (Continued)
|
Digital Realty Trust, Inc. | | | 1,080 | | | $192,488 |
Equinix, Inc. | | | 333 | | | 302,391 |
Equity Residential | | | 1,197 | | | 84,233 |
Essex Property Trust, Inc. | | | 225 | | | 63,868 |
Extra Space Storage, Inc. | | | 744 | | | 121,495 |
Federal Realty Investment Trust | | | 264 | | | 29,262 |
Healthpeak Properties, Inc. | | | 2,470 | | | 55,452 |
Host Hotels & Resorts, Inc. | | | 2,465 | | | 42,497 |
Invitation Homes, Inc. | | | 1,999 | | | 62,789 |
Iron Mountain, Inc. | | | 1,029 | | | 127,318 |
Kimco Realty Corp. | | | 2,366 | | | 56,122 |
Mid-America Apartment Communities, Inc. | | | 410 | | | 62,049 |
Prologis, Inc. | | | 3,249 | | | 366,942 |
Public Storage | | | 553 | | | 181,970 |
Realty Income Corp. | | | 3,056 | | | 181,435 |
Regency Centers Corp. | | | 573 | | | 40,935 |
SBA Communications Corp. | | | 377 | | | 86,510 |
Simon Property Group, Inc. | | | 1,076 | | | 181,973 |
UDR, Inc. | | | 1,053 | | | 44,426 |
Ventas, Inc. | | | 1,450 | | | 94,961 |
VICI Properties, Inc. | | | 3,675 | | | 116,718 |
Welltower, Inc. | | | 2,031 | | | 273,941 |
Weyerhaeuser Co. | | | 2,552 | | | 79,521 |
TOTAL REAL ESTATE
INVESTMENT TRUSTS
(Cost $3,619,163) | | | | | | 3,618,869 |
| | | Contracts | | | |
RIGHTS - 0.0%(a)(b)(c)
|
Health Care - 0.0%
| | | | | | |
Abiomed, Inc. | | | 64 | | | 0 |
Bristol-Myers Squibb Co., Expires 01/24/2025, Exercise Price $12.00 | | | 868 | | | 0 |
TOTAL RIGHTS
(Cost $0) | | | | | | 0 |
TOTAL INVESTMENTS - 99.1%
(Cost $19,278,067) | | | | | | $19,276,663 |
Other Assets in Excess of
Liabilities - 0.9% | | | | | | 168,676 |
TOTAL NET ASSETS - 100.0% | | | | | | $19,445,339 |
| | | | | | | |
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (”MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
NV - Naamloze Vennootschap
PLC - Public Limited Company
SA - Sociedad Anónima
(a)
| Non-income producing security. |
(b)
| Represents less than 0.05% of net assets. |
(c)
| Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of October 31, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Assets and Liabilities
October 31, 2024 (Unaudited)
| | | | | | | | | | |
ASSETS:
| | | | | | | | | |
Investments in unaffiliates, at value | | | $— | | | $37,472,227 | | | $495,861,759 |
Investments in affiliates, at fair value | | | 90,515,143 | | | — | | | — |
Cash - interest bearing deposit account | | | 107,758 | | | 42,554 | | | 333,800 |
Receivable for investments sold | | | — | | | 33,352,276 | | | — |
Receivable for fund shares sold | | | 1,927,955 | | | — | | | — |
Dividends receivable | | | — | | | 32,012 | | | 186,714 |
Interest receivable | | | 386 | | | 105 | | | 2,162 |
Security lending income receivable | | | — | | | 556 | | | 32,390 |
Prepaid expenses and other assets | | | 7 | | | 2 | | | 36 |
Total assets | | | 92,551,249 | | | 70,899,732 | | | 496,416,861 |
LIABILITIES:
| | | | | | | | | |
Payable for investments purchased | | | 1,925,718 | | | 33,292,529 | | | — |
Payable to adviser | | | 11,668 | | | 17,507 | | | 216,743 |
Payable upon return of securities loaned | | | — | | | 4,182,473 | | | 34,949,187 |
Total liabilities | | | 1,937,386 | | | 37,492,509 | | | 35,165,930 |
NET ASSETS | | | $90,613,863 | | | $33,407,223 | | | $461,250,931 |
NET ASSETS CONSISTS OF:
| | | | | | | | | |
Paid-in capital | | | $81,113,929 | | | $60,846,402 | | | $739,188,526 |
Total distributable earnings/(accumulated losses) | | | 9,499,934 | | | (27,439,179 ) | | | (277,937,595 ) |
Total net assets | | | $90,613,863 | | | $33,407,223 | | | $461,250,931 |
Net assets | | | $90,613,863 | | | $33,407,223 | | | $461,250,931 |
Shares issued and outstanding | | | 2,350,000 | | | 900,000 | | | 14,500,000 |
Net asset value per share | | | $38.56 | | | $37.12 | | | $31.81 |
COST:
| | | | | | | | | |
Investments in unaffiliates, at cost | | | $— | | | $37,475,002 | | | $479,915,856 |
Investments in affiliates, at cost | | | $82,903,082 | | | $— | | | $— |
Foreign currency, at cost | | | $— | | | $— | | | $0 |
LOANED SECURITIES:
| | | | | | | | | |
at value (included in investments) | | | $— | | | $— | | | $33,256,333 |
| | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Assets and Liabilities
October 31, 2024 (Unaudited)(Continued)
| | | | | | | | | | | | | | | | |
ASSETS:
| | | | | | | | | | | | | | | |
Investments, at value | | | $43,086,699 | | | $1,369,866,395 | | | $113,959,259 | | | $2,194,630,962 | | | $193,872,267 |
Cash - interest bearing deposit account | | | 63,327 | | | 1,950,583 | | | 161,833 | | | 3,284,445 | | | 161,907 |
Dividends receivable | | | 4,205 | | | 4,589,058 | | | 351,768 | | | 5,887,528 | | | 234,024 |
Dividend tax reclaims receivable | | | 2,528 | | | 2,005,442 | | | 93 | | | 4,046,089 | | | 195,860 |
Receivable for investments sold | | | 2,213 | | | 6,127,499 | | | — | | | — | | | — |
Interest receivable | | | 114 | | | 8,032 | | | 667 | | | 12,861 | | | 838 |
Security lending income receivable | | | — | | | 8,105 | | | 849 | | | 25,290 | | | 1,585 |
Foreign currency, at value | | | — | | | — | | | — | | | — | | | 2,134 |
Receivable for transaction fee | | | — | | | 3,418 | | | — | | | — | | | — |
Prepaid expenses and other assets | | | 2 | | | 132 | | | 11 | | | 211 | | | 14 |
Total assets | | | 43,159,088 | | | 1,384,558,664 | | | 114,474,480 | | | 2,207,887,386 | | | 194,468,629 |
LIABILITIES:
| | | | | | | | | | | | | | | |
Payable to adviser | | | 22,012 | | | 761,142 | | | 66,294 | | | 1,057,484 | | | 95,730 |
Payable to custodian foreign currency, at value | | | 1 | | | 444,103 | | | 8 | | | 1,036 | | | — |
Payable for investments purchased | | | — | | | 525 | | | — | | | 1,815,902 | | | — |
Payable for capital shares redeemed | | | — | | | 6,083,740 | | | — | | | — | | | — |
Payable upon return of securities loaned | | | — | | | 46,961,686 | | | 5,872,998 | | | 153,159,631 | | | 12,785,723 |
Payable to custodian | | | — | | | 2,705 | | | — | | | — | | | — |
Total liabilities | | | 22,013 | | | 54,253,901 | | | 5,939,300 | | | 156,034,053 | | | 12,881,453 |
NET ASSETS | | | $43,137,075 | | | $1,330,304,763 | | | $108,535,180 | | | $2,051,853,333 | | | $181,587,176 |
NET ASSETS CONSISTS OF:
| | | | | | | | | | | | | | | |
Paid-in capital | | | $36,241,210 | | | $1,329,245,884 | | | $102,941,506 | | | $1,961,988,009 | | | $242,035,614 |
Total distributable earnings/
(accumulated losses) | | | 6,895,865 | | | 1,058,879 | | | 5,593,674 | | | 89,865,324 | | | (60,448,438 ) |
Total net assets | | | $43,137,075 | | | $1,330,304,763 | | | $108,535,180 | | | $2,051,853,333 | | | $181,587,176 |
Net assets | | | $43,137,075 | | | $1,330,304,763 | | | $108,535,180 | | | $2,051,853,333 | | | $181,587,176 |
Shares issued and outstanding | | | 920,000 | | | 43,850,000 | | | 5,150,000 | | | 58,100,000 | | | 4,650,000 |
Net asset value per share | | | $46.89 | | | $30.34 | | | $21.07 | | | $35.32 | | | $39.05 |
COST:
| | | | | | | | | | | | | | | |
Investments, at cost | | | $35,757,369 | | | $1,340,543,741 | | | $106,803,182 | | | $2,073,761,696 | | | $196,458,156 |
Foreign currency, at cost | | | $— | | | $— | | | $— | | | $— | | | $2,151 |
PROCEEDS:
| | | | | | | | | | | | | | | |
Foreign currency proceeds | | | $— | | | $449,270 | | | $0 | | | $— | | | $— |
LOANED SECURITIES:
| | | | | | | | | | | | | | | |
at value (included in investments) | | | $— | | | $45,593,449 | | | $5,301,436 | | | $148,188,310 | | | $12,337,992 |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Assets and Liabilities
October 31, 2024 (Unaudited)(Continued)
| | | | | | | | | | | | | | | | |
ASSETS:
| | | | | | | | | | | | | | | |
Investments, at value | | | $1,093,361 | | | $212,145,220 | | | $348,220,210 | | | $73,742,800 | | | $812,404 |
Dividends receivable | | | 1,829 | | | 169,497 | | | 134,733 | | | 31,138 | | | 627 |
Dividend tax reclaims receivable | | | 1,308 | | | — | | | — | | | — | | | 38 |
Cash - interest bearing deposit account | | | 667 | | | 235,163 | | | 388,131 | | | 93,160 | | | 575 |
Foreign currency, at value | | | 25 | | | — | | | — | | | — | | | — |
Interest receivable | | | 4 | | | 693 | | | 1,049 | | | 198 | | | 3 |
Receivable for investments sold | | | — | | | 5,638,158 | | | — | | | — | | | — |
Security lending income receivable | | | — | | | 764 | | | 838 | | | 1,020 | | | — |
Prepaid expenses and other assets | | | — | | | 11 | | | 17 | | | 3 | | | — |
Total assets | | | 1,097,194 | | | 218,189,506 | | | 348,744,978 | | | 73,868,319 | | | 813,647 |
LIABILITIES:
| | | | | | | | | | | | | | | |
Payable to adviser | | | 563 | | | 112,123 | | | 178,719 | | | 31,889 | | | 455 |
Payable for capital shares redeemed | | | — | | | 5,671,365 | | | — | | | — | | | — |
Payable upon return of securities loaned | | | — | | | 6,346,271 | | | 4,834,392 | | | 11,855,806 | | | — |
Total liabilities | | | 563 | | | 12,129,759 | | | 5,013,111 | | | 11,887,695 | | | 455 |
NET ASSETS | | | $1,096,631 | | | $206,059,747 | | | $343,731,867 | | | $61,980,624 | | | $813,192 |
NET ASSETS CONSISTS OF:
| | | | | | | | | | | | | | | |
Paid-in capital | | | $994,800 | | | $445,449,282 | | | $346,838,075 | | | $63,791,966 | | | $803,706 |
Total distributable earnings/
(accumulated losses) | | | 101,831 | | | (239,389,535 ) | | | (3,106,208 ) | | | (1,811,342 ) | | | 9,486 |
Total net assets | | | $1,096,631 | | | $206,059,747 | | | $343,731,867 | | | $61,980,624 | | | $813,192 |
Net assets | | | $1,096,631 | | | $206,059,747 | | | $343,731,867 | | | $61,980,624 | | | $813,192 |
Shares issued and outstanding | | | 40,000 | | | 5,450,000 | | | 7,000,000 | | | 1,350,000 | | | 40,000 |
Net asset value per share | | | $27.42 | | | $37.81 | | | $49.10 | | | $45.91 | | | $20.33 |
COST:
| | | | | | | | | | | | | | | |
Investments, at cost | | | $978,207 | | | $193,342,617 | | | $330,889,972 | | | $72,136,823 | | | $803,425 |
Foreign currency, at cost | | | $26 | | | $— | | | $— | | | $— | | | $— |
LOANED SECURITIES:
| | | | | | | | | | | | | | | |
at value (included in investments) | | | $— | | | $6,140,458 | | | $4,702,649 | | | $11,454,140 | | | $— |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Assets and Liabilities
October 31, 2024 (Unaudited)(Continued)
| | | | | | | | | | | | | | | | |
ASSETS:
| | | | | | | | | | | | | | | |
Investments, at value | | | $2,074,159 | | | $804,421 | | | $379,396,831 | | | $1,326,883,568 | | | $32,949,366 |
Cash - interest bearing deposit account | | | 1,308 | | | 691 | | | 26,390,302 | | | 12,301,950 | | | 35,627 |
Interest receivable | | | 5 | | | 4 | | | 2,320,911 | | | 34,544 | | | 101 |
Receivable for investments sold | | | — | | | — | | | 4,655,031 | | | — | | | — |
Dividends receivable | | | — | | | 2,164 | | | — | | | 79,206 | | | 28,685 |
Dividend tax reclaims receivable | | | — | | | 130 | | | — | | | — | | | 340,059 |
Security lending income receivable | | | — | | | — | | | — | | | 1,702 | | | 7,041 |
Cash | | | — | | | — | | | (1 ) | | | — | | | — |
Foreign currency, at value | | | — | | | — | | | — | | | — | | | 242 |
Prepaid expenses and other assets | | | — | | | — | | | 1,556 | | | 566 | | | 2 |
Total assets | | | 2,075,472 | | | 807,410 | | | 412,764,630 | | | 1,339,301,536 | | | 33,361,123 |
LIABILITIES:
| | | | | | | | | | | | | | | |
Payable to adviser | | | 734 | | | 458 | | | 195,598 | | | 729,338 | | | 17,213 |
Payable for investments purchased | | | — | | | — | | | 26,230,582 | | | — | | | — |
Payable upon return of securities loaned | | | — | | | — | | | — | | | 20,918,650 | | | 2,998,249 |
Payable for expense and other liabilities | | | — | | | — | | | 58 | | | — | | | — |
Total liabilities | | | 734 | | | 458 | | | 26,426,238 | | | 21,647,988 | | | 3,015,462 |
NET ASSETS | | | $2,074,738 | | | $806,952 | | | $386,338,392 | | | $1,317,653,548 | | | $30,345,661 |
NET ASSETS CONSISTS OF:
| | | | | | | | | | | | | | | |
Paid-in capital | | | $2,064,258 | | | $804,000 | | | $387,148,992 | | | $1,088,351,361 | | | $75,638,542 |
Total distributable earnings/
(accumulated losses) | | | 10,480 | | | 2,952 | | | (810,600 ) | | | 229,302,187 | | | (45,292,881 ) |
Total net assets | | | $2,074,738 | | | $806,952 | | | $386,338,392 | | | $1,317,653,548 | | | $30,345,661 |
Net assets | | | $2,074,738 | | | $806,952 | | | $386,338,392 | | | $1,317,653,548 | | | $30,345,661 |
Shares issued and outstanding | | | 100,000 | | | 40,000 | | | 8,130,000 | | | 18,050,000 | | | 1,150,000 |
Net asset value per share | | | $20.75 | | | $20.17 | | | $47.52 | | | $73.00 | | | $26.39 |
COST:
| | | | | | | | | | | | | | | |
Investments, at cost | | | $2,063,058 | | | $802,960 | | | $377,075,738 | | | $1,087,562,278 | | | $30,677,126 |
Foreign currency, at cost | | | $— | | | $— | | | $— | | | $— | | | $243 |
LOANED SECURITIES:
| | | | | | | | | | | | | | | |
at value (included in investments) | | | $— | | | $— | | | $— | | | $19,840,393 | | | $2,878,833 |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Assets and Liabilities
October 31, 2024 (Unaudited)(Continued)
| | | | | | | | | | | | | | | | |
ASSETS:
| | | | | | | | | | | | | | | |
Investments in unaffiliates, at value | | | $— | | | $173,215,129 | | | $190,358,055 | | | $3,182,349,668 | | | $474,767,434 |
Investments in affiliates, at fair value | | | 52,592,274 | | | — | | | — | | | — | | | — |
Receivable for investments sold | | | 89,588 | | | — | | | 2,222,031 | | | — | | | — |
Cash - interest bearing deposit account | | | 86,819 | | | 232,920 | | | 1,189,514 | | | 3,209,276 | | | 306,892 |
Interest receivable | | | 165 | | | 567 | | | 2,890,161 | | | 9,795 | | | 788 |
Receivable for fund shares sold | | | — | | | — | | | — | | | 2,604,005 | | | — |
Dividends receivable | | | — | | | 257,919 | | | — | | | 1,640,934 | | | 99,024 |
Dividend tax reclaims receivable | | | — | | | 231,162 | | | — | | | 14,938 | | | — |
Security lending income receivable | | | — | | | 16,138 | | | 9,597 | | | 5,612 | | | 6,638 |
Foreign currency, at value | | | — | | | 94,601 | | | — | | | — | | | — |
Prepaid expenses and other assets | | | 3 | | | 4 | | | — | | | 160 | | | 13 |
Total assets | | | 52,768,849 | | | 174,048,440 | | | 196,669,358 | | | 3,189,834,388 | | | 475,180,789 |
LIABILITIES:
| | | | | | | | | | | | | | | |
Payable for investments purchased | | | 143,496 | | | — | | | 2,984,430 | | | 2,595,507 | | | — |
Payable to adviser | | | 6,693 | | | 81,477 | | | 88,509 | | | 1,619,538 | | | 218,483 |
Payable upon return of securities loaned | | | — | | | 27,401,493 | | | 16,376,878 | | | 32,168,328 | | | 50,916,252 |
Total liabilities | | | 150,189 | | | 27,482,970 | | | 19,449,817 | | | 36,383,373 | | | 51,134,735 |
NET ASSETS | | | $52,618,660 | | | $146,565,470 | | | $177,219,541 | | | $3,153,451,015 | | | $424,046,054 |
NET ASSETS CONSISTS OF:
| | | | | | | | | | | | | | | |
Paid-in capital | | | $47,881,156 | | | $148,406,614 | | | $436,351,339 | | | $2,687,888,281 | | | $488,946,527 |
Total distributable earnings/
(accumulated losses) | | | 4,737,504 | | | (1,841,144 ) | | | (259,131,798 ) | | | 465,562,734 | | | (64,900,473 ) |
Total net assets | | | $52,618,660 | | | $146,565,470 | | | $177,219,541 | | | $3,153,451,015 | | | $424,046,054 |
Net assets | | | $52,618,660 | | | $146,565,470 | | | $177,219,541 | | | $3,153,451,015 | | | $424,046,054 |
Shares issued and outstanding | | | 1,600,000 | | | 5,000,000 | | | 8,800,000 | | | 60,550,000 | | | 11,500,000 |
Net asset value per share | | | $32.89 | | | $29.31 | | | $20.14 | | | $52.08 | | | $36.87 |
COST:
| | | | | | | | | | | | | | | |
Investments in unaffiliates,
at cost | | | $— | | | $155,505,253 | | | $191,741,049 | | | $2,421,085,339 | | | $415,879,210 |
Investments in affiliates, at cost | | | $48,126,512 | | | $— | | | $— | | | $— | | | $— |
Foreign currency, at cost | | | $— | | | $94,211 | | | $— | | | $— | | | $— |
LOANED SECURITIES:
| | | | | | | | | | | | | | | |
at value (included in investments) | | | $— | | | $26,469,816 | | | $15,898,910 | | | $31,390,048 | | | $49,084,772 |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Assets and Liabilities
October 31, 2024 (Unaudited)(Continued)
| | | | | | | | | | | | | | | | |
ASSETS:
| | | | | | | | | | | | | | | |
Investments, at value | | | $25,360,641,151 | | | $67,720,474 | | | $69,922,848 | | | $260,923,382 | | | $9,051,478,390 |
Cash - interest bearing deposit account | | | 34,121,677 | | | 39,371 | | | 30,494 | | | 238,812 | | | 16,512,623 |
Dividends receivable | | | 22,516,952 | | | 21,590 | | | 16,347 | | | 108,550 | | | 3,369,601 |
Cash | | | 14,189,749 | | | — | | | — | | | — | | | — |
Receivable for investments sold | | | 8,504,446 | | | — | | | — | | | — | | | 26,501,049 |
Interest receivable | | | 136,026 | | | 126 | | | 110 | | | 947 | | | 35,507 |
Security lending income
receivable | | | 51,711 | | | 799 | | | 725 | | | — | | | 68,244 |
Prepaid expenses and
other assets | | | 1,407 | | | 2 | | | 2 | | | 16 | | | 582 |
Total assets | | | 25,440,163,119 | | | 67,782,362 | | | 69,970,526 | | | 261,271,707 | | | 9,097,965,996 |
LIABILITIES:
| | | | | | | | | | | | | | | |
Payable upon return of securities loaned | | | 485,605,336 | | | 3,730,702 | | | 6,478,252 | | | — | | | 494,317,218 |
Payable for capital shares redeemed | | | 22,775,596 | | | — | | | — | | | — | | | 26,571,300 |
Payable to adviser | | | 10,556,111 | | | 33,045 | | | 33,487 | | | 99,997 | | | 4,533,190 |
Payable for investments purchased | | | — | | | — | | | — | | | — | | | 10,005,104 |
Total liabilities | | | 518,937,043 | | | 3,763,747 | | | 6,511,739 | | | 99,997 | | | 535,426,812 |
NET ASSETS | | | $24,921,226,076 | | | $64,018,615 | | | $63,458,787 | | | $261,171,710 | | | $8,562,539,184 |
NET ASSETS CONSISTS OF:
| | | | | | | | | | | | | | | |
Paid-in capital | | | $22,877,075,411 | | | $57,384,747 | | | $57,331,800 | | | $227,065,509 | | | $8,673,658,351 |
Total distributable earnings/
(accumulated losses) | | | 2,044,150,665 | | | 6,633,868 | | | 6,126,987 | | | 34,106,201 | | | (111,119,167 ) |
Total net assets | | | $24,921,226,076 | | | $64,018,615 | | | $63,458,787 | | | $261,171,710 | | | $8,562,539,184 |
Net assets | | | $24,921,226,076 | | | $64,018,615 | | | $63,458,787 | | | $261,171,710 | | | $8,562,539,184 |
Shares issued and outstanding | | | 437,950,000 | | | 1,400,000 | | | 1,300,000 | | | 8,800,000 | | | 193,350,000 |
Net asset value per share | | | $56.90 | | | $45.73 | | | $48.81 | | | $29.68 | | | $44.29 |
COST:
| | | | | | | | | | | | | | | |
Investments, at cost | | | $24,255,063,272 | | | $62,349,891 | | | $65,201,271 | | | $228,926,306 | | | $9,224,053,049 |
LOANED SECURITIES:
| | | | | | | | | | | | | | | |
at value (included in investments) | | | $472,733,351 | | | $3,638,770 | | | $6,194,435 | | | $— | | | $471,948,443 |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Assets and Liabilities
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
ASSETS:
| | | | | | |
Investments, at value | | | $17,548,448 | | | $19,276,663 |
Cash - interest bearing deposit account | | | 15,403 | | | 37,461 |
Dividends receivable | | | 4,246 | | | — |
Interest receivable | | | 71 | | | 63 |
Receivable for investments sold | | | — | | | 19,419,310 |
Prepaid expenses and other assets | | | 1 | | | 1 |
Total assets | | | 17,568,169 | | | 38,733,498 |
LIABILITIES:
| | | | | | |
Payable to adviser | | | 8,842 | | | 10,092 |
Payable for investments purchased | | | — | | | 19,278,067 |
Total liabilities | | | 8,842 | | | 19,288,159 |
NET ASSETS | | | $17,559,327 | | | $19,445,339 |
NET ASSETS CONSISTS OF:
| | | | | | |
Paid-in capital | | | $16,529,766 | | | $44,868,528 |
Total distributable earnings/(accumulated losses) | | | 1,029,561 | | | (25,423,189 ) |
Total net assets | | | $17,559,327 | | | $19,445,339 |
Net assets | | | $17,559,327 | | | $19,445,339 |
Shares issued and outstanding | | | 700,000 | | | 650,000 |
Net asset value per share | | | $25.08 | | | $29.92 |
COST:
| | | | | | |
Investments, at cost | | | $16,599,780 | | | $19,278,067 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Operations
For the Period Ended October 31, 2024 (Unaudited)
| | | | | | | | | | |
INVESTMENT INCOME:
| | | | | | | | | |
Dividend income - unaffiliates | | | $— | | | $366,131 | | | $8,402,357 |
Dividend income - affiliates | | | 1,513,845 | | | — | | | — |
Less: Dividend withholding taxes | | | — | | | — | | | (549,591 ) |
Less: Issuance fees | | | — | | | — | | | (14,342 ) |
Interest income | | | 1,330 | | | 893 | | | 17,359 |
Securities lending income | | | — | | | 3,475 | | | 176,500 |
Total investment income | | | 1,515,175 | | | 370,499 | | | 8,032,283 |
EXPENSES:
| | | | | | | | | |
Investment advisory fee | | | 69,985 | | | 112,266 | | | 1,374,002 |
Total expenses | | | 69,985 | | | 112,266 | | | 1,374,002 |
Expense reimbursement by Adviser | | | — | | | — | | | (114,500 ) |
Net expenses | | | 69,985 | | | 112,266 | | | 1,259,502 |
NET INVESTMENT INCOME | | | 1,445,190 | | | 258,233 | | | 6,772,781 |
REALIZED AND UNREALIZED GAIN/(LOSS)
| | | | | | | | | |
Net realized gain/(loss) from:
| | | | | | | | | |
Investments - unaffiliates | | | (2 ) | | | (65,941 ) | | | (23,089,235 ) |
Investments in affiliates | | | 2,115,909 | | | — | | | — |
Foreign currency translation | | | — | | | — | | | 25,607 |
Net realized gain/(loss) | | | 2,115,907 | | | (65,941 ) | | | (23,063,628 ) |
Net change in unrealized appreciation on:
| | | | | | | | | |
Investments - unaffiliates | | | — | | | 5,622 | | | 108,918,587 |
Investments in affiliates | | | 318,054 | | | — | | | — |
Foreign currency translation | | | — | | | — | | | 441 |
Net change in unrealized appreciation | | | 318,054 | | | 5,622 | | | 108,919,028 |
Net realized and unrealized gain/(loss) | | | 2,433,961 | | | (60,319 ) | | | 85,855,400 |
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | | | $3,879,151 | | | $197,914 | | | $92,628,181 |
| | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Operations
For the Period Ended October 31, 2024 (Unaudited)(Continued)
| | | | | | | | | | | | | | | | |
INVESTMENT INCOME:
| | | | | | | | | | | | | | | |
Dividend income | | | $156,575 | | | $31,038,195 | | | $3,321,030 | | | $53,879,443 | | | $4,090,774 |
Less: Dividend withholding taxes | | | (3,233 ) | | | (2,687,075 ) | | | (351,809 ) | | | (3,211,598 ) | | | (157,800 ) |
Less: Issuance fees | | | — | | | (134,386 ) | | | (18,378 ) | | | (226,473 ) | | | — |
Interest income | | | 788 | | | 93,921 | | | 6,570 | | | 126,432 | | | 7,645 |
Securities lending income | | | — | | | 184,449 | | | 5,297 | | | 287,230 | | | 6,497 |
Other income | | | — | | | — | | | — | | | 19 | | | — |
Total investment income | | | 154,130 | | | 28,495,104 | | | 2,962,710 | | | 50,855,053 | | | 3,947,116 |
EXPENSES:
| | | | | | | | | | | | | | | |
Investment advisory fee | | | 108,763 | | | 4,599,344 | | | 371,210 | | | 6,014,028 | | | 635,149 |
Total expenses | | | 108,763 | | | 4,599,344 | | | 371,210 | | | 6,014,028 | | | 635,149 |
Expense reimbursement by Adviser | | | — | | | — | | | — | | | — | | | (52,929 ) |
Net expenses | | | 108,763 | | | 4,599,344 | | | 371,210 | | | 6,014,028 | | | 582,220 |
NET INVESTMENT INCOME | | | 45,367 | | | 23,895,760 | | | 2,591,500 | | | 44,841,025 | | | 3,364,896 |
REALIZED AND UNREALIZED GAIN/(LOSS)
| | | | | | | | | | | | | | | |
Net realized gain/(loss) from:
| | | | | | | | | | | | | | | |
Investments | | | (382,223 ) | | | 2,059,135 | | | 3,230,692 | | | 16,642,957 | | | 4,286,108 |
Distributions received from other investment companies | | | — | | | — | | | — | | | — | | | 3,673 |
Foreign currency translation | | | 542 | | | 281,872 | | | 21,127 | | | 329,627 | | | 1,251 |
Net realized gain/(loss) | | | (381,681 ) | | | 2,341,007 | | | 3,251,819 | | | 16,972,584 | | | 4,291,032 |
Net change in unrealized appreciation/
(depreciation) on:
| | | | | | | | | | |
Investments | | | 5,738,440 | | | (33,155,591 ) | | | 1,384,652 | | | 58,486,546 | | | 16,589,049 |
Foreign currency translation | | | 46 | | | 55,996 | | | (6,095 ) | | | 60,526 | | | 7,739 |
Net change in unrealized appreciation/ (depreciation) | | | 5,738,486 | | | (33,099,595 ) | | | 1,378,557 | | | 58,547,072 | | | 16,596,788 |
Net realized and unrealized gain/(loss) | | | 5,356,805 | | | (30,758,588 ) | | | 4,630,376 | | | 75,519,656 | | | 20,887,820 |
NET INCREASE/(DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | | | $5,402,172 | | | $(6,862,828 ) | | | $7,221,876 | | | $120,360,681 | | | $24,252,716 |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Operations
For the Period Ended October 31, 2024 (Unaudited)(Continued)
| | | | | | | | | | | | | | | | |
INVESTMENT INCOME:
| | | | | | | | | | | | | | | |
Dividend income | | | $16,018 | | | $2,477,651 | | | $2,501,711 | | | $523,113 | | | $1,174 |
Less: Dividend withholding taxes | | | (2,211 ) | | | — | | | — | | | — | | | (66 ) |
Interest income | | | 51 | | | 5,555 | | | 7,509 | | | 1,167 | | | 4 |
Securities lending income | | | — | | | 5,256 | | | 7,363 | | | 6,569 | | | — |
Total investment income | | | 13,858 | | | 2,488,462 | | | 2,516,583 | | | 530,849 | | | 1,112 |
EXPENSES:
| | | | | | | | | | | | | | | |
Investment advisory fee | | | 3,278 | | | 699,030 | | | 1,021,393 | | | 182,136 | | | 644 |
Total expenses | | | 3,278 | | | 699,030 | | | 1,021,393 | | | 182,136 | | | 644 |
NET INVESTMENT INCOME | | | 10,580 | | | 1,789,432 | | | 1,495,190 | | | 348,713 | | | 468 |
REALIZED AND UNREALIZED GAIN
| | | | | | | | | | | | | | | |
Net realized gain from:
| | | | | | | | | | | | | | | |
Investments | | | 3,644 | | | 6,896,849 | | | 29,095,054 | | | 5,067,319 | | | 58 |
Foreign currency translation | | | (190 ) | | | — | | | — | | | — | | | — |
Net realized gain | | | 3,454 | | | 6,896,849 | | | 29,095,054 | | | 5,067,319 | | | 58 |
Net change in unrealized appreciation/
(depreciation) on:
| | | | | | | | | | | | | | | |
Investments | | | 50,994 | | | 18,291,602 | | | 2,452,371 | | | (1,288,159 ) | | | 8,978 |
Foreign currency translation | | | (37) | | | — | | | — | | | — | | | (18 ) |
Net change in unrealized appreciation/
(depreciation) | | | 50,957 | | | 18,291,602 | | | 2,452,371 | | | (1,288,159 ) | | | 8,960 |
Net realized and unrealized gain | | | 54,411 | | | 25,188,451 | | | 31,547,425 | | | 3,779,160 | | | 9,018 |
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | | | $64,991 | | | $26,977,883 | | | $33,042,615 | | | $4,127,873 | | | $9,486 |
| | | | | | | | | | | | | | | | |
(a) Inception date of the Fund was September 16, 2024.
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Operations
For the Period Ended October 31, 2024 (Unaudited)(Continued)
| | | | | | | | | | | | | | | | |
INVESTMENT INCOME:
| | | | | | | | | | | | | | | |
Dividend income | | | $1,545 | | | $2,765 | | | $41,510 | | | $2,889,274 | | | $726,555 |
Less: Dividend withholding taxes | | | (25 ) | | | (321 ) | | | — | | | (6,012 ) | | | (70,694 ) |
Less: Issuance fees | | | — | | | — | | | — | | | (396 ) | | | (6,726 ) |
Interest income | | | 57 | | | 108 | | | 15,274,330 | | | 14,845,932 | | | 1,444 |
Securities lending income | | | — | | | — | | | — | | | 53,841 | | | 24,704 |
Other income | | | — | | | — | | | 625 | | | — | | | — |
Total investment income | | | 1,577 | | | 2,552 | | | 15,316,465 | | | 17,782,639 | | | 675,283 |
EXPENSES:
| | | | | | | | | | | | | | | |
Investment advisory fee | | | 1,319 | | | 649 | | | 1,035,180 | | | 4,166,432 | | | 112,448 |
Total expenses | | | 1,319 | | | 649 | | | 1,035,180 | | | 4,166,432 | | | 112,448 |
NET INVESTMENT INCOME | | | 258 | | | 1,903 | | | 14,281,285 | | | 13,616,207 | | | 562,835 |
REALIZED AND UNREALIZED GAIN/(LOSS)
| | | | | | | | | | | | | | | |
Net realized gain/(loss) from:
| | | | | | | | | | | | | | | |
Investments | | | — | | | 142 | | | (338,277 ) | | | 135,514 | | | 1,029,517 |
Foreign currency translation | | | — | | | (443 ) | | | — | | | — | | | 6,549 |
Net realized gain/(loss) | | | — | | | (301 ) | | | (338,277 ) | | | 135,514 | | | 1,036,066 |
Net change in unrealized appreciation/
(depreciation) on:
| | | | | | | | | | | | | | | |
Investments | | | 11,101 | | | 1,461 | | | (384,009 ) | | | 89,849,407 | | | (680,625 ) |
Foreign currency translation | | | — | | | (111 ) | | | — | | | — | | | 4,458 |
Net change in unrealized appreciation/
(depreciation) | | | 11,101 | | | 1,350 | | | (384,009 ) | | | 89,849,407 | | | (676,167 ) |
Net realized and unrealized gain/(loss) | | | 11,101 | | | 1,049 | | | (722,286 ) | | | 89,984,921 | | | 359,899 |
NET INCREASE IN NET ASSETS RESULTING FROM
OPERATIONS | | | $11,359 | | | $2,952 | | | $13,558,999 | | | $103,601,128 | | | $922,734 |
| | | | | | | | | | | | | | | | |
(a) Inception date of the Fund was August 19, 2024.
(b) Inception date of the Fund was September 16, 2024.
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Operations
For the Period Ended October 31, 2024 (Unaudited)(Continued)
| | | | | | | | | | | | | | | | |
INVESTMENT INCOME:
| | | | | | | | | | | | | | | |
Dividend income - unaffiliates | | | $— | | | $2,096,901 | | | $— | | | $19,995,823 | | | $3,077,020 |
Dividend income - affiliates | | | 294,151 | | | — | | | — | | | — | | | — |
Less: Dividend withholding taxes | | | — | | | (190,028 ) | | | — | | | (4,987 ) | | | (1,175 ) |
Less: Issuance fees | | | — | | | (21,680 ) | | | — | | | (66 ) | | | (24 ) |
Interest income | | | 921 | | | 4,725 | | | 5,515,970 | | | 61,641 | | | 9,623 |
Securities lending income | | | — | | | 76,070 | | | 29,758 | | | 39,821 | | | 48,726 |
Other income | | | — | | | — | | | 135 | | | — | | | — |
Total investment income | | | 295,072 | | | 1,965,988 | | | 5,545,863 | | | 20,092,232 | | | 3,134,170 |
EXPENSES:
| | | | | | | | | | | | | | | |
Investment advisory fee | | | 38,368 | | | 481,030 | | | 520,650 | | | 8,903,325 | | | 1,232,712 |
Total expenses | | | 38,368 | | | 481,030 | | | 520,650 | | | 8,903,325 | | | 1,232,712 |
NET INVESTMENT INCOME | | | 256,704 | | | 1,484,958 | | | 5,025,213 | | | 11,188,907 | | | 1,901,458 |
REALIZED AND UNREALIZED GAIN
| | | | | | | | | | | | | | | |
Net realized gain from:
| | | | | | | | | | | | | | | |
Investments - unaffiliates | | | — | | | 4,496,831 | | | 3,458,301 | | | 3,706,141 | | | 5,247,988 |
Investments in affiliates | | | 845,075 | | | — | | | — | | | — | | | — |
Foreign currency translation | | | — | | | (13,116 ) | | | — | | | — | | | — |
Net realized gain | | | 845,075 | | | 4,483,715 | | | 3,458,301 | | | 3,706,141 | | | 5,247,988 |
Net change in unrealized appreciation/(depreciation) on:
| | | | | | | | | | | | | | | |
Investments - unaffiliates | | | — | | | (573,216 ) | | | (2,304,441 ) | | | 350,772,733 | | | 26,943,455 |
Investments in affiliates | | | 2,695,904 | | | — | | | — | | | — | | | — |
Foreign currency translation | | | — | | | 3,684 | | | — | | | — | | | — |
Net change in unrealized appreciation/(depreciation) | | | 2,695,904 | | | (569,532 ) | | | (2,304,441 ) | | | 350,772,733 | | | 26,943,455 |
Net realized and unrealized gain | | | 3,540,979 | | | 3,914,183 | | | 1,153,860 | | | 354,478,874 | | | 32,191,443 |
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | | | $3,797,683 | | | $5,399,141 | | | $6,179,073 | | | $365,667,781 | | | $34,092,901 |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Operations
For the Period Ended October 31, 2024 (Unaudited)(Continued)
| | | | | | | | | | | | | | | | |
INVESTMENT INCOME:
| | | | | | | | | | | | | | | |
Dividend income | | | $279,360,749 | | | $255,554 | | | $342,446 | | | $1,004,197 | | | $77,501,960 |
Less: Issuance fees | | | — | | | (12 ) | | | (13 ) | | | — | | | — |
Interest income | | | 651,597 | | | 1,053 | | | 1,011 | | | 5,573 | | | 208,900 |
Securities lending income | | | 417,399 | | | 3,897 | | | 4,861 | | | — | | | 580,945 |
Total investment income | | | 280,429,745 | | | 260,492 | | | 348,305 | | | 1,009,770 | | | 78,291,805 |
EXPENSES:
| | | | | | | | | | | | | | | |
Investment advisory fee | | | 59,348,419 | | | 176,740 | | | 194,996 | | | 456,367 | | | 27,383,507 |
Total expenses | | | 59,348,419 | | | 176,740 | | | 194,996 | | | 456,367 | | | 27,383,507 |
NET INVESTMENT INCOME | | | 221,081,326 | | | 83,752 | | | 153,309 | | | 553,403 | | | 50,908,298 |
REALIZED AND UNREALIZED GAIN/(LOSS)
| | | | | | | | | | | | | | | |
Net realized gain from:
| | | | | | | | | | | | | | | |
Investments | | | 1,672,737,655 | | | 6,116,209 | | | 2,706,472 | | | 3,942,588 | | | 129,643,670 |
Net realized gain | | | 1,672,737,655 | | | 6,116,209 | | | 2,706,472 | | | 3,942,588 | | | 129,643,670 |
Net change in unrealized appreciation/(depreciation) on:
| | | | | | | | | | | | | | | |
Investments | | | (806,262,848) | | | 780,965 | | | (397,743 ) | | | 29,256,733 | | | (458,764,532 ) |
Net change in unrealized appreciation/(depreciation) | | | (806,262,848 ) | | | 780,965 | | | (397,743 ) | | | 29,256,733 | | | (458,764,532 ) |
Net realized and unrealized gain/(loss) | | | 866,474,807 | | | 6,897,174 | | | 2,308,729 | | | 33,199,321 | | | (329,120,862 ) |
NET INCREASE/(DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | | | $1,087,556,133 | | | $6,980,926 | | | $2,462,038 | | | $33,752,724 | | | $(278,212,564) |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Operations
For the Period Ended October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
INVESTMENT INCOME:
| | | | | | |
Dividend income | | | $62,512 | | | $87,127 |
Less: Dividend withholding taxes | | | — | | | (12 ) |
Interest income | | | 344 | | | 156,523 |
Securities lending income | | | — | | | 1,650 |
Total investment income | | | 62,856 | | | 245,288 |
EXPENSES:
| | | | | | |
Investment advisory fee | | | 40,881 | | | 60,828 |
Total expenses | | | 40,881 | | | 60,828 |
NET INVESTMENT INCOME | | | 21,975 | | | 184,460 |
REALIZED AND UNREALIZED GAIN
| | | | | | |
Net realized gain from:
| | | | | | |
Investments | | | 250,409 | | | 2,480,728 |
Net realized gain | | | 250,409 | | | 2,480,728 |
Net change in unrealized appreciation/(depreciation) on:
| | | | | | |
Investments | | | 916,662 | | | (1,052,800 ) |
Net change in unrealized appreciation/(depreciation) | | | 916,662 | | | (1,052,800 ) |
Net realized and unrealized gain | | | 1,167,071 | | | 1,427,928 |
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | | | $1,189,046 | | | $1,612,388 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Changes in Net Assets
| | | | |
OPERATIONS:
| | | | | | |
Net investment income | | | $1,445,190 | | | $1,922,799 |
Net realized gain | | | 2,115,907 | | | 2,476,494 |
Net change in unrealized appreciation | | | 318,054 | | | 6,775,878 |
Net increase in net assets from operations | | | 3,879,151 | | | 11,175,171 |
CAPITAL TRANSACTIONS:
| | | | | | |
Subscriptions | | | 7,627,540 | | | 55,741,170 |
Redemptions | | | (13,471,890 ) | | | (19,563,140 ) |
Net increase (decrease) in net assets from capital transactions | | | (5,844,350 ) | | | 36,178,030 |
NET INCREASE (DECREASE) IN NET ASSETS | | | (3,423,559 ) | | | 45,419,198 |
NET ASSETS:
| | | | | | |
Beginning of the period | | | 94,037,422 | | | 48,618,224 |
End of the period | | | $90,613,863 | | | $94,037,422 |
SHARES TRANSACTIONS
| | | | | | |
Subscriptions | | | 200,000 | | | 1,600,000 |
Redemptions | | | (350,000 ) | | | (550,000 ) |
Total increase/(decrease) in shares outstanding | | | (150,000 ) | | | 1,050,000 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Changes in Net Assets(Continued)
| | | | |
OPERATIONS:
| | | | | | |
Net investment income | | | $258,233 | | | $599,921 |
Net realized loss | | | (65,941 ) | | | (1,278,799 ) |
Net change in unrealized appreciation/(depreciation) | | | 5,622 | | | (1,964 ) |
Net increase/(decrease) in net assets from operations | | | 197,914 | | | (680,842 ) |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | |
Distributions to shareholders | | | (225,006 ) | | | (614,377 ) |
Total distributions to shareholders | | | (225,006 ) | | | (614,377 ) |
CAPITAL TRANSACTIONS:
| | | | | | |
Subscriptions | | | — | | | 28,483,050 |
Redemptions | | | (5,706,010 ) | | | (66,727,240 ) |
Net decrease in net assets from capital transactions | | | (5,706,010 ) | | | (38,244,190 ) |
NET DECREASE IN NET ASSETS | | | (5,733,102 ) | | | (39,539,409 ) |
NET ASSETS:
| | | | | | |
Beginning of the period | | | 39,140,325 | | | 78,679,734 |
End of the period | | | $33,407,223 | | | $39,140,325 |
SHARES TRANSACTIONS
| | | | | | |
Subscriptions | | | — | | | 750,000 |
Redemptions | | | (150,000 ) | | | (1,850,000 ) |
Total decrease in shares outstanding | | | (150,000) | | | (1,100,000 ) |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income | | | $6,772,781 | | | $13,526,287 | | | $45,367 | | | $27,498 |
Net realized gain/(loss) | | | (23,063,628 ) | | | (82,217,997 ) | | | (381,681 ) | | | 151,201 |
Net change in unrealized appreciation | | | 108,919,028 | | | 19,541,964 | | | 5,738,486 | | | 1,590,677 |
Net increase/(decrease) in net assets from operations | | | 92,628,181 | | | (49,149,746 ) | | | 5,402,172 | | | 1,769,376 |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | (6,081,583 ) | | | (21,236,193 ) | | | (154,338 ) | | | (8,801 ) |
Total distributions to shareholders | | | (6,081,583 ) | | | (21,236,193 ) | | | (154,338 ) | | | (8,801 ) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | 8,586,090 | | | 27,266,075 | | | 9,077,204 | | | 26,583,430 |
Redemptions | | | (55,082,595 ) | | | (236,283,570 ) | | | — | | | (546,454 ) |
ETF transaction fees (See Note #) | | | 39,330 | | | 17,332 | | | — | | | 19 |
Net increase (decrease) in net assets from capital transactions | | | (46,457,175 ) | | | (209,000,163 ) | | | 9,077,204 | | | 26,036,995 |
NET INCREASE (DECREASE) IN NET ASSETS | | | 40,089,423 | | | (279,386,102 ) | | | 14,325,038 | | | 27,797,570 |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the period | | | 421,161,508 | | | 700,547,610 | | | 28,812,037 | | | 1,014,467 |
End of the period | | | $461,250,931 | | | $421,161,508 | | | $43,137,075 | | | $28,812,037 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | 300,000 | | | 950,000 | | | 200,000 | | | 700,000 |
Redemptions | | | (1,800,000 ) | | | (8,550,000 ) | | | — | | | (20,000 ) |
Total increase/(decrease) in shares outstanding | | | (1,500,000) | | | (7,600,000 ) | | | 200,000 | | | 680,000 |
| | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income | | | $23,895,760 | | | $36,573,827 | | | $2,591,500 | | | $3,745,856 |
Net realized gain/(loss) | | | 2,341,007 | | | 28,570,305 | | | 3,251,819 | | | (1,465,546 ) |
Net change in unrealized appreciation/
(depreciation) | | | (33,099,595 ) | | | 33,563,243 | | | 1,378,557 | | | 5,990,455 |
Net increase/(decrease) in net assets from operations | | | (6,862,828 ) | | | 98,707,375 | | | 7,221,876 | | | 8,270,765 |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | (50,698,077 ) | | | (31,659,355 ) | | | (4,264,643 ) | | | (3,557,922 ) |
Total distributions to shareholders | | | (50,698,077 ) | | | (31,659,355 ) | | | (4,264,643 ) | | | (3,557,922 ) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | 140,868,898 | | | 847,601,895 | | | 24,393,065 | | | 37,279,240 |
Redemptions | | | (158,218,620 ) | | | (64,189,830 ) | | | (15,904,800 ) | | | — |
ETF transaction fees (See Note #) | | | 16,952 | | | 154,544 | | | 3,302 | | | 43,514 |
Net increase (decrease) in net assets from capital transactions | | | (17,332,770 ) | | | 783,566,609 | | | 8,491,567 | | | 37,322,754 |
NET INCREASE (DECREASE) IN NET ASSETS | | | (74,893,675 ) | | | 850,614,629 | | | 11,448,800 | | | 42,035,597 |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the period | | | 1,405,198,438 | | | 554,583,810 | | | 97,086,380 | | | 55,050,783 |
End of the period | | | $1,330,304,763 | | | $1,405,198,439 | | | $108,535,180 | | | $97,086,380 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | 4,450,000 | | | 28,000,000 | | | 1,150,000 | | | 1,900,000 |
Redemptions | | | (5,100,000 ) | | | (2,100,000 ) | | | (750,000 ) | | | — |
Total increase/(decrease) in shares outstanding | | | (650,000 ) | | | 25,900,000 | | | 400,000 | | | 1,900,000 |
| | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income | | | $44,841,025 | | | $91,328,959 | | | $3,364,896 | | | $6,379,580 |
Net realized gain/(loss) | | | 16,972,584 | | | 16,286,802 | | | 4,291,032 | | | (4,854,975 ) |
Net change in unrealized appreciation/
(depreciation) | | | 58,547,072 | | | 2,715,361 | | | 16,596,788 | | | (22,877,142 ) |
Net increase/(decrease) in net assets from operations | | | 120,360,681 | | | 110,331,122 | | | 24,252,716 | | | (21,352,537 ) |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | (58,379,138 ) | | | (103,433,974 ) | | | (2,836,872 ) | | | (8,470,476 ) |
Total distributions to shareholders | | | (58,379,138 ) | | | (103,433,974 ) | | | (2,836,872 ) | | | (8,470,476 ) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | 314,935,570 | | | 372,460,780 | | | — | | | 19,804,965 |
Redemptions | | | (241,760,225 ) | | | (42,288,465 ) | | | (34,597,285 ) | | | (15,145,245 ) |
ETF transaction fees (See Note #) | | | 12,968 | | | 53,609 | | | — | | | — |
Net increase (decrease) in net assets from capital transactions | | | 73,188,313 | | | 330,225,924 | | | (34,597,285 ) | | | 4,659,720 |
NET INCREASE (DECREASE) IN NET ASSETS | | | 135,169,856 | | | 337,123,072 | | | (13,181,441 ) | | | (25,163,293 ) |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the period | | | 1,916,683,477 | | | 1,579,560,405 | | | 194,768,617 | | | 219,931,910 |
End of the period | | | $2,051,853,333 | | | $1,916,683,477 | | | $181,587,176 | | | $194,768,617 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | 9,050,000 | | | 11,100,000 | | | — | | | 500,000 |
Redemptions | | | (7,050,000 ) | | | (1,250,000 ) | | | (850,000 ) | | | (400,000 ) |
Total increase/(decrease) in shares outstanding | | | 2,000,000 | | | 9,850,000 | | | (850,000 ) | | | 100,000 |
| | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income | | | $10,580 | | | $23,587 | | | $1,789,432 | | | $5,953,329 |
Net realized gain/(loss) | | | 3,454 | | | (1,853 ) | | | 6,896,849 | | | (112,545,215 ) |
Net change in unrealized appreciation | | | 50,957 | | | 53,457 | | | 18,291,602 | | | 67,003,760 |
Net increase/(decrease) in net assets from operations | | | 64,991 | | | 75,191 | | | 26,977,883 | | | (39,588,126 ) |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | (23,724 ) | | | (29,550 ) | | | (1,993,802 ) | | | (5,527,814 ) |
Total distributions to shareholders | | | (23,724 ) | | | (29,550 ) | | | (1,993,802 ) | | | (5,527,814 ) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | — | | | — | | | — | | | 10,274,100 |
Redemptions | | | — | | | — | | | (75,553,965 ) | | | (485,208,345 ) |
Net decrease in net assets from capital transactions | | | — | | | — | | | (75,553,965 ) | | | (474,934,245 ) |
NET INCREASE (DECREASE) IN NET ASSETS | | | 41,267 | | | 45,641 | | | (50,569,884 ) | | | (520,050,185 ) |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the period | | | 1,055,364 | | | 1,009,723 | | | 256,629,631 | | | 776,679,816 |
End of the period | | | $1,096,631 | | | $1,055,364 | | | $206,059,747 | | | $256,629,631 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | — | | | — | | | — | | | 300,000 |
Redemptions | | | — | | | — | | | (2,100,000 ) | | | (14,050,000 ) |
Total decrease in shares outstanding | | | — | | | — | | | (2,100,000 ) | | | (13,750,000 ) |
| | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income | | | $1,495,190 | | | $2,175,731 | | | $348,713 | | | $269,461 |
Net realized gain | | | 29,095,054 | | | 53,606,610 | | | 5,067,319 | | | 7,587,572 |
Net change in unrealized appreciation/
(depreciation) | | | 2,452,371 | | | 5,460,211 | | | (1,288,159 ) | | | 2,268,321 |
Net increase in net assets from operations | | | 33,042,615 | | | 61,242,552 | | | 4,127,873 | | | 10,125,354 |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | (1,430,702 ) | | | (2,027,944 ) | | | (262,733 ) | | | (258,009 ) |
Total distributions to shareholders | | | (1,430,702 ) | | | (2,027,944 ) | | | (262,733 ) | | | (258,009 ) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | 119,132,425 | | | 224,182,620 | | | 33,041,740 | | | 29,383,790 |
Redemptions | | | (104,090,885 ) | | | (192,509,665 ) | | | (30,734,895 ) | | | (18,294,535 ) |
Net increase in net assets from capital transactions | | | 15,041,540 | | | 31,672,955 | | | 2,306,845 | | | 11,089,255 |
NET INCREASE IN NET ASSETS | | | 46,653,453 | | | 90,887,563 | | | 6,171,985 | | | 20,956,600 |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the period | | | 297,078,414 | | | 206,190,851 | | | 55,808,639 | | | 34,852,039 |
End of the period | | | $343,731,867 | | | $297,078,414 | | | $61,980,624 | | | $55,808,639 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | 2,500,000 | | | 5,350,000 | | | 750,000 | | | 700,000 |
Redemptions | | | (2,200,000 ) | | | (4,550,000 ) | | | (700,000 ) | | | (450,000 ) |
Total increase in shares outstanding | | | 300,000 | | | 800,000 | | | 50,000 | | | 250,000 |
| | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Changes in Net Assets(Continued)
| | | | | | | | | | |
OPERATIONS:
| | | | | | | | | |
Net investment income | | | $468 | | | $258 | | | $1,903 |
Net realized gain/(loss) | | | 58 | | | — | | | (301 ) |
Net change in unrealized appreciation | | | 8,960 | | | 11,101 | | | 1,350 |
Net increase in net assets from operations | | | 9,486 | | | 11,359 | | | 2,952 |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | |
Distributions to shareholders | | | — | | | (879 ) | | | — |
Total distributions to shareholders | | | — | | | (879 ) | | | — |
CAPITAL TRANSACTIONS:
| | | | | | | | | |
Subscriptions | | | 803,600 | | | 2,064,258 | | | 804,000 |
ETF transaction fees (See Note #) | | | 106 | | | — | | | — |
Net increase in net assets from capital transactions | | | 803,706 | | | 2,064,258 | | | 804,000 |
NET INCREASE IN NET ASSETS | | | 813,192 | | | 2,074,738 | | | 806,952 |
NET ASSETS:
| | | | | | | | | |
Beginning of the period | | | — | | | — | | | — |
End of the period | | | $813,192 | | | $2,074,738 | | | $806,952 |
SHARES TRANSACTIONS
| | | | | | | | | |
Subscriptions | | | 40,000 | | | 100,000 | | | 40,000 |
Total increase in shares outstanding | | | 40,000 | | | 100,000 | | | 40,000 |
| | | | | | | | | | |
(a)
| Inception date of the Fund was September 16, 2024.
|
(b)
| Inception date of the Fund was August 19, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income | | | $14,281,285 | | | $13,968,467 | | | $13,616,207 | | | $22,739,555 |
Net realized gain/(loss) | | | (338,277 ) | | | 608,118 | | | 135,514 | | | 60,924,103 |
Net change in unrealized appreciation/
(depreciation) | | | (384,009 ) | | | 4,276,383 | | | 89,849,407 | | | 110,295,271 |
Net increase in net assets from operations | | | 13,558,999 | | | 18,852,968 | | | 103,601,128 | | | 193,958,929 |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | |
Distributions to shareholders | | | (13,983,702 ) | | | (13,662,425 ) | | | — | | | (15,996,062 ) |
Total distributions to shareholders | | | (13,983,702 ) | | | (13,662,425 ) | | | — | | | (15,996,062 ) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | 149,763,384 | | | 189,807,930 | | | 39,616,110 | | | 409,358,020 |
Redemptions | | | (11,421,896 ) | | | (46,671,646 ) | | | (7,033,155 ) | | | (156,776,250 ) |
Net increase in net assets from capital transactions | | | 138,341,488 | | | 143,136,284 | | | 32,582,955 | | | 252,581,770 |
NET INCREASE IN NET ASSETS | | | 137,916,785 | | | 148,326,827 | | | 136,184,083 | | | 430,544,637 |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the period | | | 248,421,607 | | | 100,094,780 | | | 1,181,469,465 | | | 750,924,828 |
End of the period | | | $386,338,392 | | | $248,421,607 | | | $1,317,653,548 | | | $1,181,469,465 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | (1,980,000 ) | | | 4,040,000 | | | 550,000 | | | 6,550,000 |
Redemptions | | | (240,000 ) | | | (1,000,000 ) | | | (100,000 ) | | | (2,550,000 ) |
Total increase/(decrease) in shares outstanding | | | (2,220,000) | | | 3,040,000 | | | 450,000 | | | 4,000,000 |
| | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income | | | $562,835 | | | $1,112,824 | | | $256,704 | | | $1,338,437 |
Net realized gain | | | 1,036,066 | | | 2,112,867 | | | 845,075 | | | 1,488,529 |
Net change in unrealized appreciation/
(depreciation) | | | (676,167 ) | | | (3,357,982 ) | | | 2,695,904 | | | 3,174,313 |
Net increase/(decrease) in net assets from operations | | | 922,734 | | | (132,291 ) | | | 3,797,683 | | | 6,001,279 |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | — | | | (1,192,866 ) | | | — | | | (1,304,500 ) |
Total distributions to shareholders | | | — | | | (1,192,866 ) | | | — | | | (1,304,500 ) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | — | | | 7,865,625 | | | 1,681,940 | | | 1,458,985 |
Redemptions | | | (10,667,645 ) | | | (10,293,245 ) | | | (3,154,950 ) | | | (8,680,450 ) |
Net decrease in net assets from capital transactions | | | (10,667,645 ) | | | (2,427,620 ) | | | (1,473,010 ) | | | (7,221,465 ) |
NET INCREASE (DECREASE) IN NET ASSETS | | | (9,744,911 ) | | | (3,752,777 ) | | | 2,324,673 | | | (2,524,686 ) |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the period | | | 40,090,572 | | | 43,843,349 | | | 50,293,987 | | | 52,818,673 |
End of the period | | | $30,345,661 | | | $40,090,572 | | | $52,618,660 | | | $50,293,987 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | — | | | 300,000 | | | 50,000 | | | 50,000 |
Redemptions | | | (400,000 ) | | | (400,000 ) | | | (100,000 ) | | | (300,000 ) |
Total decrease in shares outstanding | | | (400,000 ) | | | (100,000 ) | | | (50,000 ) | | | (250,000 ) |
| | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income | | | $1,484,958 | | | $3,338,115 | | | $5,025,213 | | | $13,488,556 |
Net realized gain/(loss) | | | 4,483,715 | | | (2,040,095 ) | | | 3,458,301 | | | (2,924,156 ) |
Net change in unrealized appreciation/
(depreciation) | | | (569,532 ) | | | 8,677,036 | | | (2,304,441 ) | | | 53,799 |
Net increase in net assets from operations | | | 5,399,141 | | | 9,975,056 | | | 6,179,073 | | | 10,618,199 |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | — | | | (3,142,461 ) | | | (5,039,181 ) | | | (13,319,148 ) |
Total distributions to shareholders | | | — | | | (3,142,461 ) | | | (5,039,181 ) | | | (13,319,148) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | 6,050,270 | | | 24,192,740 | | | 16,403,310 | | | 6,142,640 |
Redemptions | | | (15,555,915 ) | | | (5,496,020 ) | | | (18,342,380 ) | | | (57,768,460 ) |
ETF transaction fees (See Note #) | | | 387 | | | 1,061 | | | (2,251 ) | | | 7,524 |
Net increase (decrease) in net assets from capital transactions | | | (9,505,258 ) | | | 18,697,781 | | | (1,941,321 ) | | | (51,618,296 ) |
NET INCREASE (DECREASE) IN NET ASSETS | | | (4,106,117 ) | | | 25,530,376 | | | (801,429 ) | | | (54,319,245 ) |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the period | | | 150,671,587 | | | 125,141,211 | | | 178,020,970 | | | 232,340,215 |
End of the period | | | $146,565,470 | | | $150,671,587 | | | $177,219,541 | | | $178,020,970 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | 200,000 | | | 900,000 | | | 800,000 | | | 300,000 |
Redemptions | | | (550,000 ) | | | (200,000 ) | | | (900,000 ) | | | (2,900,000 ) |
Total increase/(decrease) in shares outstanding | | | (350,000 ) | | | 700,000 | | | (100,000 ) | | | (2,600,000 ) |
| | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income | | | $11,188,907 | | | $22,934,469 | | | $1,901,458 | | | $6,636,027 |
Net realized gain/(loss) | | | 3,706,141 | | | 40,175,324 | | | 5,247,988 | | | (7,550,405 ) |
Net change in unrealized appreciation | | | 350,772,733 | | | 361,242,587 | | | 26,943,455 | | | 25,933,702 |
Net increase in net assets from operations | | | 365,667,781 | | | 424,352,380 | | | 34,092,901 | | | 25,019,324 |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | — | | | (28,840,382 ) | | | — | | | (7,000,000 ) |
Total distributions to shareholders | | | — | | | (28,840,382 ) | | | — | | | (7,000,000 ) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | 185,229,110 | | | 269,651,410 | | | 19,597,765 | | | 31,186,025 |
Redemptions | | | (17,227,620 ) | | | (84,990,400 ) | | | (14,113,515 ) | | | (54,988,860 ) |
Net increase (decrease) in net assets from capital transactions | | | 168,001,490 | | | 184,661,010 | | | 5,484,250 | | | (23,802,835 ) |
NET INCREASE (DECREASE) IN NET ASSETS | | | 533,669,271 | | | 580,173,008 | | | 39,577,151 | | | (5,783,511 ) |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the period | | | 2,619,781,744 | | | 2,039,608,736 | | | 384,468,903 | | | 390,252,414 |
End of the period | | | $3,153,451,015 | | | $2,619,781,744 | | | $424,046,054 | | | $384,468,903 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | 3,700,000 | | | 6,400,000 | | | 550,000 | | | 950,000 |
Redemptions | | | (350,000 ) | | | (200,000 ) | | | (400,000 ) | | | (1,700,000 ) |
Total increase/(decrease) in shares outstanding | | | 3,350,000 | | | 6,200,000 | | | 150,000 | | | (750,000 ) |
| | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income | | | $221,081,326 | | | $359,861,237 | | | $83,752 | | | $610,121 |
Net realized gain | | | 1,672,737,655 | | | 1,008,210,095 | | | 6,116,209 | | | 673,502 |
Net change in unrealized appreciation/
(depreciation) | | | (806,262,848 ) | | | 1,597,970,731 | | | 780,965 | | | 5,645,580 |
Net increase in net assets from operations | | | 1,087,556,133 | | | 2,966,042,063 | | | 6,980,926 | | | 6,929,203 |
DISTRIBUTIONS TO SHAREHOLDERS:
|
Distributions to shareholders | | | (235,560,639 ) | | | (341,685,265 ) | | | (93,621 ) | | | (657,918 ) |
Return of capital | | | — | | | — | | | — | | | (16,317 ) |
Total distributions to shareholders | | | (235,560,639 ) | | | (341,685,265 ) | | | (93,621 ) | | | (674,235 ) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | 10,189,542,170 | | | 11,017,493,590 | | | 45,812,365 | | | 19,194,280 |
Redemptions | | | (8,762,197,315 ) | | | (4,219,840,280 ) | | | (35,092,685 ) | | | (17,537,245 ) |
Net increase in net assets from capital transactions | | | 1,427,344,855 | | | 6,797,653,310 | | | 10,719,680 | | | 1,657,035 |
NET INCREASE IN NET ASSETS | | | 2,279,340,349 | | | 9,422,010,108 | | | 17,606,985 | | | 7,912,003 |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the period | | | 22,641,885,727 | | | 13,219,875,619 | | | 46,411,630 | | | 38,499,627 |
End of the period | | | $24,921,226,076 | | | $22,641,885,727 | | | $64,018,615 | | | $46,411,630 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | 180,850,000 | | | 207,250,000 | | | 1,050,000 | | | 500,000 |
Redemptions | | | (155,900,000 ) | | | (77,150,000 ) | | | (800,000 ) | | | (450,000 ) |
Total increase in shares outstanding | | | 24,950,000 | | | 130,100,000 | | | 250,000 | | | 50,000 |
| | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS
| | | | | | | | | | | | |
Net investment income | | | $153,309 | | | $199,469 | | | $553,403 | | | $271,997 |
Net realized gain | | | 2,706,472 | | | 2,245,186 | | | 3,942,588 | | | 2,376,459 |
Net change in unrealized appreciation/
(depreciation) | | | (397,743 ) | | | 4,469,723 | | | 29,256,733 | | | 2,806,401 |
Net increase in net assets from operations | | | 2,462,038 | | | 6,914,378 | | | 33,752,724 | | | 5,454,857 |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | (159,415 ) | | | (199,688 ) | | | (384,420 ) | | | (265,559 ) |
Return of capital | | | — | | | (7,444 ) | | | — | | | — |
Total distributions to shareholders | | | (159,415 ) | | | (207,132 ) | | | (384,420 ) | | | (265,559 ) |
CAPITAL TRANSACTIONS: | | | | | | | | | | | | |
Subscriptions | | | 17,312,920 | | | 48,424,215 | | | 125,146,020 | | | 119,220,635 |
Redemptions | | | (17,350,965 ) | | | (13,912,915 ) | | | (17,684,709 ) | | | (23,638,568 ) |
Net increase (decrease) in net assets from capital transactions | | | (38,045 ) | | | 34,511,300 | | | 107,461,311 | | | 95,582,067 |
NET INCREASE IN NET ASSETS | | | 2,264,578 | | | 41,218,546 | | | 140,829,615 | | | 100,771,365 |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the period | | | 61,194,209 | | | 19,975,663 | | | 120,342,095 | | | 19,570,730 |
End of the period | | | $63,458,787 | | | $61,194,209 | | | $261,171,710 | | | $120,342,095 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | 200,000 | | | 1,100,000 | | | 4,525,000 | | | 4,950,000 |
Redemptions | | | (200,000 ) | | | (300,000 ) | | | (625,000 ) | | | (1,025,000 ) |
Total increase in shares outstanding | | | — | | | 800,000 | | | 3,900,000 | | | 3,925,000 |
| | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income | | | $50,908,298 | | | $61,630,283 | | | $21,975 | | | $23,563 |
Net realized gain | | | 129,643,670 | | | 364,454,879 | | | 250,409 | | | 323,418 |
Net change in unrealized appreciation/
(depreciation) | | | (458,764,532 ) | | | 263,449,038 | | | 916,662 | | | 32,006 |
Net increase/(decrease) in net assets from operations | | | (278,212,564 ) | | | 689,534,200 | | | 1,189,046 | | | 378,987 |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | (49,868,344 ) | | | (58,323,606 ) | | | (23,428 ) | | | (23,563 ) |
Return of capital | | | — | | | — | | | — | | | (93 ) |
Total distributions to shareholders | | | (49,868,344 ) | | | (58,323,606 ) | | | (23,428 ) | | | (23,656 ) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | 1,791,333,785 | | | 7,367,718,520 | | | 10,381,037 | | | 12,786,183 |
Redemptions | | | (2,300,404,885 ) | | | (635,002,345 ) | | | (3,157,587 ) | | | (3,971,255 ) |
Net increase (decrease) in net assets from capital transactions | | | (509,071,100 ) | | | 6,732,716,175 | | | 7,223,450 | | | 8,814,928 |
NET INCREASE (DECREASE) IN NET ASSETS | | | (837,152,008 ) | | | 7,363,926,769 | | | 8,389,068 | | | 9,170,259 |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the period | | | 9,399,691,192 | | | 2,035,764,423 | | | 9,170,259 | | | — |
End of the period | | | $8,562,539,184 | | | $9,399,691,192 | | | $17,559,327 | | | $9,170,259 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | 39,350,000 | | | 163,750,000 | | | 425,000 | | | 575,000 |
Redemptions | | | (51,100,000 ) | | | (13,600,000 ) | | | (125,000 ) | | | (175,000 ) |
Total increase/(decrease) in shares outstanding | | | (11,750,000 ) | | | 150,150,000 | | | 300,000 | | | 400,000 |
| | | | | | | | | | | | | |
(a)
| Inception date of the Fund was May 1, 2023. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
Statements of Changes in Net Assets(Continued)
| | | | |
OPERATIONS:
| | | | | | |
Net investment income | | | $184,460 | | | $354,480 |
Net realized gain/(loss) | | | 2,480,728 | | | (483,947 ) |
Net change in unrealized appreciation/(depreciation) | | | (1,052,800 ) | | | 1,055,852 |
Net increase in net assets from operations | | | 1,612,388 | | | 926,385 |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | |
Distributions to shareholders | | | (112,156 ) | | | (453,354 ) |
Total distributions to shareholders | | | (112,156 ) | | | (453,354 ) |
CAPITAL TRANSACTIONS:
| | | | | | |
Subscriptions | | | — | | | 6,713,655 |
Redemptions | | | (1,501,820 ) | | | (12,186,680 ) |
ETF transaction fees (See Note #) | | | 431 | | | — |
Net decrease in net assets from capital transactions | | | (1,501,389 ) | | | (5,473,025 ) |
NET DECREASE IN NET ASSETS | | | (1,157 ) | | | (4,999,994 ) |
NET ASSETS:
| | | | | | |
Beginning of the period | | | 19,446,496 | | | 24,446,490 |
End of the period | | | $19,445,339 | | | $19,446,496 |
SHARES TRANSACTIONS
| | | | | | |
Subscriptions | | | — | | | 250,000 |
Redemptions | | | (50,000 ) | | | (450,000 ) |
Total decrease in shares outstanding | | | (50,000 ) | | | (200,000 ) |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Cash Cows Fund of Funds ETF
FINANCIAL HIGHLIGHTS
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $37.61 | | | $33.53 | | | $33.44 | | | $33.44 | | | $20.83 | | | $25.31 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(b) | | | 0.60 | | | 0.94 | | | 0.76 | | | 0.79 | | | 0.55 | | | 0.53 |
Net realized and unrealized gain (loss) on investments(c) | | | 0.97 | | | 4.13 | | | 0.11 | | | — | | | 12.56 | | | (4.46) |
Total from investment operations | | | 1.57 | | | 5.07 | | | 0.87 | | | 0.79 | | | 13.11 | | | (3.93) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.62) | | | (0.99) | | | (0.78) | | | (0.79) | | | (0.50) | | | (0.55) |
Net realized gains | | | — | | | (0.00)(d) | | | (0.00)(d) | | | — | | | — | | | — |
Return of capital | | | — | | | (0.00)(d) | | | (0.00)(d) | | | — | | | — | | | (0.00)(d) |
Total distributions | | | (0.62) | | | (0.99) | | | (0.78) | | | (0.79) | | | (0.50) | | | (0.55) |
Net asset value, end of period | | | $38.56 | | | $37.61 | | | $33.53 | | | $33.44 | | | $33.44 | | | $20.83 |
TOTAL RETURN(e) | | | 4.20% | | | 15.38% | | | 2.81% | | | 2.29% | | | 63.73% | | | −15.71% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $90,614 | | | $94,037 | | | $48,618 | | | $8,361 | | | $1,672 | | | $1,041 |
Ratio of expenses to average net assets(f) | | | 0.15% | | | 0.15% | | | 0.15% | | | 0.15% | | | 0.15% | | | 0.15% |
Ratio of net investment income to average net assets(f) | | | 3.10% | | | 2.64% | | | 2.33% | | | 2.27% | | | 2.09% | | | 2.27% |
Portfolio turnover rate(e)(g) | | | 2% | | | 4% | | | 8% | | | 26% | | | 9% | | | 2% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was May 3, 2019. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Amount represents less than $0.005 per share. |
(e)
| Not annualized for periods less than one year. |
(f)
| Annualized for periods less than one year. |
(g)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $37.28 | | | $36.60 | | | $34.95 | | | $37.16 | | | $25.23 | | | $28.16 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.26 | | | 0.41 | | | 0.40 | | | 0.34 | | | 0.26 | | | 0.50 |
Net realized and unrealized gain (loss) on investments(b) | | | (0.18) | | | 0.70 | | | 1.65 | | | (2.21) | | | 11.95 | | | (3.00) |
Total from investment operations | | | 0.08 | | | 1.11 | | | 2.05 | | | (1.87) | | | 12.21 | | | (2.50) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.24) | | | (0.43) | | | (0.40) | | | (0.34) | | | (0.28) | | | (0.43) |
Total distributions | | | (0.24) | | | (0.43) | | | (0.40) | | | (0.34) | | | (0.28) | | | (0.43) |
Net asset value, end of period | | | $37.12 | | | $37.28 | | | $36.60 | | | $34.95 | | | $37.16 | | | $25.23 |
TOTAL RETURN(c) | | | 0.16% | | | 3.13% | | | 5.95% | | | −5.11% | | | 48.66% | | | −8.80% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $33,407 | | | $39,140 | | | $78,680 | | | $80,388 | | | $66,883 | | | $60,554 |
Ratio of expenses to average net assets(d) | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% |
Ratio of net investment income to average net assets(d) | | | 1.38% | | | 1.16% | | | 1.16% | | | 0.89% | | | 0.89% | | | 1.75% |
Portfolio turnover rate(c)(e) | | | 101% | | | 185% | | | 227% | | | 225% | | | 217% | | | 225% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Not annualized for periods less than one year. |
(d)
| Annualized for periods less than one year. |
(e)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Data & Infrastructure Real Estate ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $26.32 | | | $29.68 | | | $37.50 | | | $38.48 | | | $33.27 | | | $28.36 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.44 | | | 0.71 | | | 0.77 | | | 0.32 | | | 0.36 | | | 0.54 |
Net realized and unrealized gain (loss) on investments(b) | | | 5.45 | | | (2.98) | | | (7.92) | | | (0.91) | | | 5.39 | | | 4.92 |
Total from investment operations | | | 5.89 | | | (2.27) | | | (7.15) | | | (0.59) | | | 5.75 | | | 5.46 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.40) | | | (1.09) | | | (0.61) | | | (0.33) | | | (0.37) | | | (0.49) |
Net realized gains | | | — | | | — | | | (0.06) | | | (0.06) | | | — | | | — |
Return of capital | | | — | | | — | | | — | | | — | | | (0.17) | | | (0.06) |
Total distributions | | | (0.40) | | | (1.09) | | | (0.67) | | | (0.39) | | | (0.54) | | | (0.55) |
ETF transaction fees per share | | | 0.00(c) | | | 0.00(c) | | | 0.00(c) | | | — | | | — | | | — |
Net asset value, end of period | | | $31.81 | | | $26.32 | | | $29.68 | | | $37.50 | | | $38.48 | | | $33.27 |
TOTAL RETURN(d) | | | 22.53% | | | −7.74% | | | −19.11% | | | −1.63% | | | 17.46% | | | 19.50% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $461,251 | | | $421,162 | | | $700,548 | | | $1,299,321 | | | $1,119,810 | | | $552,214 |
Ratio of expenses to average
net assets:
| | | | | | | | | | | | | | | |
Before expense reimbursement/
recoupment(e) | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.62% | | | 0.60% | | | 0.60% |
After expense reimbursement/
recoupment(e) | | | 0.55% | | | 0.55% | | | 0.58% | | | 0.62% | | | 0.60% | | | 0.60% |
Ratio of net investment income to average net assets(e) | | | 2.96% | | | 2.57% | | | 2.41% | | | 0.81% | | | 1.02% | | | 1.70% |
Portfolio turnover rate(d)(f) | | | 20% | | | 68% | | | 51% | | | 23% | | | 30% | | | 28% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Amount represents less than $0.005 per share. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Data and Digital Revolution ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | |
Net asset value, beginning of period | | | $40.02 | | | $25.36 | | | $25.31 |
INVESTMENT OPERATIONS:
| | | | | | | | | |
Net investment income(b) | | | 0.06 | | | 0.10 | | | 0.15 |
Net realized and unrealized gain on investments(c) | | | 7.01 | | | 14.62 | | | 0.04 |
Total from investment operations | | | 7.07 | | | 14.72 | | | 0.19 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | |
Net investment income | | | (0.20) | | | (0.06) | | | (0.14) |
Total distributions | | | (0.20) | | | (0.06) | | | (0.14) |
ETF transaction fees per share | | | — | | | 0.00(d) | | | — |
Net asset value, end of period | | | $46.89 | | | $40.02 | | | $25.36 |
TOTAL RETURN(e) | | | 17.69% | | | 58.06% | | | 0.84% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | |
Net assets, end of period (in thousands) | | | $43,137 | | | $28,812 | | | $1,014 |
Ratio of expenses to average net assets(f) | | | 0.60% | | | 0.60% | | | 0.60% |
Ratio of net investment income to average net assets(f) | | | 0.25% | | | 0.27% | | | 0.73% |
Portfolio turnover rate(e)(g) | | | 28% | | | 27% | | | 9% |
| | | | | | | | | | |
(a)
| Inception date of the Fund was June 8, 2022. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Amount represents less than $0.005 per share. |
(e)
| Not annualized for periods less than one year. |
(f)
| Annualized for periods less than one year. |
(g)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Developed Markets International Cash Cows 100 ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $31.58 | | | $29.82 | | | $29.69 | | | $31.95 | | | $20.99 | | | $27.08 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.53 | | | 1.19 | | | 1.52 | | | 1.03 | | | 0.66 | | | 0.74 |
Net realized and unrealized gain (loss) on investments(b) | | | (0.64) | | | 1.72 | | | (0.18) | | | (2.43) | | | 10.98 | | | (6.05) |
Total from investment operations | | | (0.11) | | | 2.91 | | | 1.34 | | | (1.40) | | | 11.64 | | | (5.31) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (1.13) | | | (1.16) | | | (1.23) | | | (0.87) | | | (0.68) | | | (0.78) |
Total distributions | | | (1.13) | | | (1.16) | | | (1.23) | | | (0.87) | | | (0.68) | | | (0.78) |
ETF transaction fees per share | | | 0.00(c) | | | 0.01 | | | 0.02 | | | 0.01 | | | 0.00(c) | | | — |
Net asset value, end of period | | | $30.34 | | | $31.58 | | | $29.82 | | | $29.69 | | | $31.95 | | | $20.99 |
TOTAL RETURN(d) | | | −0.35% | | | 10.00% | | | 5.26% | | | −4.48% | | | 56.41% | | | −20.04% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $1,330,305 | | | $1,405,198 | | | $554,584 | | | $111,346 | | | $20,769 | | | $20,991 |
Ratio of expenses to average net assets(e) | | | 0.65% | | | 0.65% | | | 0.65% | | | 0.65% | | | 0.65% | | | 0.65% |
Ratio of net investment income to average net assets(e) | | | 3.38% | | | 3.89% | | | 5.43% | | | 3.28% | | | 2.52% | | | 2.96% |
Portfolio turnover rate(d)(f) | | | 41% | | | 67% | | | 59% | | | 71% | | | 83% | | | 149% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Amount represents less than $0.005 per share. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Emerging Markets Cash Cows 100 ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $20.44 | | | $19.32 | | | $22.14 | | | $25.94 | | | $19.11 | | | $24.95 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(b) | | | 0.51 | | | 1.03 | | | 1.12 | | | 1.36 | | | 0.72 | | | 1.05 |
Net realized and unrealized gain (loss) on investments(c) | | | 0.97 | | | 1.15 | | | (2.70) | | | (4.03) | | | 6.91 | | | (4.81) |
Total from investment operations | | | 1.48 | | | 2.18 | | | (1.58) | | | (2.67) | | | 7.63 | | | (3.76) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.85) | | | (1.07) | | | (1.30) | | | (1.14) | | | (0.85) | | | (2.08) |
Total distributions | | | (0.85) | | | (1.07) | | | (1.30) | | | (1.14) | | | (0.85) | | | (2.08) |
ETF transaction fees per share | | | 0.00(d) | | | 0.01 | | | 0.06 | | | 0.01 | | | 0.05 | | | 0.00(d) |
Net asset value, end of period | | | $21.07 | | | $20.44 | | | $19.32 | | | $22.14 | | | $25.94 | | | $19.11 |
TOTAL RETURN(e) | | | 7.37% | | | 11.79% | | | −6.43% | | | −10.67% | | | 41.19% | | | −16.76% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $108,535 | | | $97,086 | | | $55,051 | | | $11,070 | | | $3,891 | | | $956 |
Ratio of expenses to average net assets(f) | | | 0.70% | | | 0.70% | | | 0.70% | | | 0.71% | | | 0.70% | | | 0.70% |
Ratio of net investment income to average net assets(f) | | | 4.89% | | | 5.28% | | | 5.93% | | | 5.50% | | | 3.12% | | | 4.43% |
Portfolio turnover rate(e)(g) | | | 43% | | | 73% | | | 66% | | | 97% | | | 109% | | | 144% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was May 2, 2019. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Amount represents less than $0.005 per share. |
(e)
| Not annualized for periods less than one year. |
(f)
| Annualized for periods less than one year. |
(g)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Global Cash Cows Dividend ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $34.17 | | | $34.15 | | | $32.83 | | | $31.10 | | | $24.63 | | | $31.19 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.79 | | | 1.75 | | | 1.94 | | | 1.39 | | | 1.17 | | | 1.32 |
Net realized and unrealized gain (loss) on investments(b) | | | 1.39 | | | 0.27 | | | 0.65 | | | 1.69 | | | 6.51 | | | (6.60) |
Total from investment operations | | | 2.18 | | | 2.02 | | | 2.59 | | | 3.08 | | | 7.68 | | | (5.28) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (1.03) | | | (2.00) | | | (1.28) | | | (1.35) | | | (1.21) | | | (1.28) |
Total distributions | | | (1.03) | | | (2.00) | | | (1.28) | | | (1.35) | | | (1.21) | | | (1.28) |
ETF transaction fees per share | | | 0.00(c) | | | 0.00(c) | | | 0.01 | | | 0.00(c) | | | — | | | — |
Net asset value, end of period | | | $35.32 | | | $34.17 | | | $34.15 | | | $32.83 | | | $31.10 | | | $24.63 |
TOTAL RETURN(d) | | | 6.50% | | | 6.17% | | | 8.50% | | | 10.22% | | | 32.05% | | | −17.32% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $2,051,853 | | | $1,916,683 | | | $1,579,560 | | | $351,302 | | | $135,269 | | | $135,480 |
Ratio of expenses to average net assets(e) | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% |
Ratio of net investment income to average net assets(e) | | | 4.47% | | | 5.21% | | | 6.07% | | | 4.32% | | | 4.32% | | | 4.52% |
Portfolio turnover rate(d)(f) | | | 27% | | | 65% | | | 47% | | | 39% | | | 76% | | | 91% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Amount represents less than $0.005 per share. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Industrial Real Estate ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $35.41 | | | $40.73 | | | $47.82 | | | $42.12 | | | $30.09 | | | $29.42 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.64 | | | 1.18 | | | 0.90 | | | 0.78 | | | 0.63 | | | 0.77 |
Net realized and unrealized gain (loss) on investments(b) | | | 3.55 | | | (4.94) | | | (6.99) | | | 5.48 | | | 12.08 | | | 0.51 |
Total from investment operations | | | 4.19 | | | (3.76) | | | (6.09) | | | 6.26 | | | 12.71 | | | 1.28 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.55) | | | (1.56) | | | (1.00) | | | (0.57) | | | (0.58) | | | (0.61) |
Net realized gains | | | — | | | — | | | — | | | — | | | — | | | (0.00)(c) |
Return of capital | | | — | | | — | | | — | | | — | | | (0.10) | | | — |
Total distributions | | | (0.55) | | | (1.56) | | | (1.00) | | | (0.57) | | | (0.68) | | | (0.61) |
ETF transaction fees per share | | | 0.00(c) | | | — | | | — | | | 0.01 | | | 0.00(c) | | | — |
Net asset value, end of period | | | $39.05 | | | $35.41 | | | $40.73 | | | $47.82 | | | $42.12 | | | $30.09 |
TOTAL RETURN(d) | | | 11.75% | | | −9.31% | | | −12.56% | | | 14.88% | | | 42.70% | | | 4.38% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $181,587 | | | $194,769 | | | $219,932 | | | $384,990 | | | $200,086 | | | $48,147 |
Ratio of expenses to average
net assets:
| | | | | | | | | | | | | | | |
Before expense reimbursement/
recoupment(e) | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.61% | | | 0.60% | | | 0.60% |
After expense reimbursement/
recoupment(e) | | | 0.55% | | | 0.55% | | | 0.58% | | | 0.61% | | | 0.60% | | | 0.60% |
Ratio of net investment income to average net assets(e) | | | 3.18% | | | 3.12% | | | 2.23% | | | 1.60% | | | 1.75% | | | 2.40% |
Portfolio turnover rate(d)(f) | | | 7% | | | 19% | | | 92% | | | 43% | | | 13% | | | 29% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Amount represents less than $0.005 per share. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Industrials and Logistics ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | |
Net asset value, beginning of period | | | $26.38 | | | $25.24 | | | $24.87 |
INVESTMENT OPERATIONS:
| | | | | | | | | |
Net investment income(b) | | | 0.26 | | | 0.59 | | | 0.43 |
Net realized and unrealized gain on investments(c) | | | 1.37 | | | 1.29 | | | 0.24 |
Total from investment operations | | | 1.63 | | | 1.88 | | | 0.67 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | |
Net investment income | | | (0.59) | | | (0.74) | | | (0.30) |
Total distributions | | | (0.59) | | | (0.74) | | | (0.30) |
Net asset value, end of period | | | $27.42 | | | $26.38 | | | $25.24 |
TOTAL RETURN(d) | | | 6.25% | | | 7.54% | | | 2.90% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | |
Net assets, end of period (in thousands) | | | $1,097 | | | $1,055 | | | $1,010 |
Ratio of expenses to average net assets(e) | | | 0.60% | | | 0.60% | | | 0.60% |
Ratio of net investment income to average net assets(e) | | | 1.94% | | | 2.26% | | | 2.01% |
Portfolio turnover rate(d)(f) | | | 20% | | | 26% | | | 10% |
| | | | | | | | | | |
(a)
| Inception date of the Fund was June 8, 2022. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Lunt Large Cap Alternator ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $33.99 | | | $36.46 | | | $43.15 | | | $40.74 | | | $23.58 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(b) | | | 0.28 | | | 0.42 | | | 0.44 | | | 0.48 | | | 0.41 |
Net realized and unrealized gain (loss) on investments(c) | | | 3.86 | | | (2.47) | | | (6.67) | | | 2.36 | | | 17.16 |
Total from investment operations | | | 4.14 | | | (2.05) | | | (6.23) | | | 2.84 | | | 17.57 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.32) | | | (0.42) | | | (0.44) | | | (0.43) | | | (0.41) |
Return of capital | | | — | | | — | | | (0.02) | | | — | | | — |
Total distributions | | | (0.32) | | | (0.42) | | | (0.46) | | | (0.43) | | | (0.41) |
Net asset value, end of period | | | $37.81 | | | $33.99 | | | $36.46 | | | $43.15 | | | $40.74 |
TOTAL RETURN(d) | | | 12.21% | | | −5.65% | | | −14.49% | | | 6.97% | | | 74.99% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period (in thousands) | | | $206,060 | | | $256,630 | | | $776,680 | | | $554,454 | | | $130,353 |
Ratio of expenses to average net assets(e) | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% |
Ratio of net investment income to average net assets(e) | | | 1.54% | | | 1.19% | | | 1.11% | | | 1.09% | | | 1.59% |
Portfolio turnover rate(d)(f) | | | 38% | | | 597% | | | 384% | | | 722% | | | 193% |
| | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was June 24, 2020. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Lunt Large Cap Multi-Factor Alternator ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $44.34 | | | $34.95 | | | $36.34 | | | $37.61 | | | $24.42 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(b) | | | 0.21 | | | 0.34 | | | 0.54 | | | 0.39 | | | 0.32 |
Net realized and unrealized gain (loss) on investments(c) | | | 4.75 | | | 9.36 | | | (1.38) | | | (1.33) | | | 13.14 |
Total from investment operations | | | 4.96 | | | 9.70 | | | (0.84) | | | (0.94) | | | 13.46 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.20) | | | (0.31) | | | (0.55) | | | (0.33) | | | (0.27) |
Total distributions | | | (0.20) | | | (0.31) | | | (0.55) | | | (0.33) | | | (0.27) |
Net asset value, end of period | | | $49.10 | | | $44.34 | | | $34.95 | | | $36.34 | | | $37.61 |
TOTAL RETURN(d) | | | 11.21% | | | 27.83% | | | −2.26% | | | −2.58% | | | 55.41% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period (in thousands) | | | $343,732 | | | $297,078 | | | $206,191 | | | $267,095 | | | $43,253 |
Ratio of expenses to average net assets(e) | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% |
Ratio of net investment income to average net assets(e) | | | 0.88% | | | 0.84% | | | 1.54% | | | 0.98% | | | 1.19% |
Portfolio turnover rate(d)(f) | | | 161% | | | 417% | | | 629% | | | 434% | | | 304% |
| | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was June 24, 2020. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Lunt MidCap Multi-Factor Alternator ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $42.93 | | | $33.19 | | | $32.19 | | | $37.07 | | | $23.84 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(b) | | | 0.26 | | | 0.25 | | | 0.37 | | | 0.20 | | | 0.07 |
Net realized and unrealized gain (loss) on investments(c) | | | 2.91 | | | 9.73 | | | 1.01 | | | (4.87) | | | 13.26 |
Total from investment operations | | | 3.17 | | | 9.98 | | | 1.38 | | | (4.67) | | | 13.33 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.19) | | | (0.24) | | | (0.36) | | | (0.19) | | | (0.07) |
Return of capital | | | — | | | — | | | (0.02) | | | (0.02) | | | (0.03) |
Total distributions | | | (0.19) | | | (0.24) | | | (0.38) | | | (0.21) | | | (0.10) |
Net asset value, end of period | | | $45.91 | | | $42.93 | | | $33.19 | | | $32.19 | | | $37.07 |
TOTAL RETURN(d) | | | 7.40% | | | 30.16% | | | 4.43% | | | −12.66% | | | 56.04% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period (in thousands) | | | $61,981 | | | $55,809 | | | $34,852 | | | $35,406 | | | $35,219 |
Ratio of expenses to average net assets:
| | | | | | | | | | | | | | | |
Before expense reimbursement/
recoupment(e) | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.61% | | | 0.60% |
After expense reimbursement/
recoupment(e) | | | 0.60% | | | 0.06% | | | 0.60% | | | 0.61% | | | 0.60% |
Ratio of net investment income to average net assets(e) | | | 1.15% | | | 0.66% | | | 1.14% | | | 0.55% | | | 0.27% |
Portfolio turnover rate(d)(f) | | | 212% | | | 367% | | | 569% | | | 529% | | | 322% |
| | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was June 24, 2020. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer MSCI World Industry Advantage ETF
Financial Highlights
| | | | |
PER SHARE DATA:
| | | |
Net asset value, beginning of period | | | $20.09 |
INVESTMENT OPERATIONS:
| | | |
Net investment income(b) | | | 0.01 |
Net realized and unrealized gain on investments(c) | | | 0.23 |
Total from investment operations | | | 0.24 |
ETF transaction fees per share | | | 0.00(d) |
Net asset value, end of period | | | $20.33 |
TOTAL RETURN(e) | | | 1.19% |
SUPPLEMENTAL DATA AND RATIOS:
| | | |
Net assets, end of period (in thousands) | | | $813 |
Ratio of expenses to average net assets(f) | | | 0.66% |
Ratio of net investment income to average net assets(f) | | | 0.48% |
Portfolio turnover rate(e)(g) | | | —% |
| | | | |
(a)
| Inception date of the Fund was September 16, 2024. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Amount represents less than $0.005 per share. |
(e)
| Not annualized for periods less than one year. |
(f)
| Annualized for periods less than one year. |
(g)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF
Financial Highlights
| | | | |
PER SHARE DATA:
| | | |
Net asset value, beginning of period | | | $20.78 |
INVESTMENT OPERATIONS:
| | | |
Net investment income(b) | | | 0.00(c) |
Net realized and unrealized loss on investments(d) | | | (0.02) |
Total from investment operations | | | (0.02) |
LESS DISTRIBUTIONS FROM:
| | | |
Net investment income | | | (0.01) |
Total distributions | | | (0.01) |
Net asset value, end of period | | | $20.75 |
TOTAL RETURN(e) | | | −0.09% |
SUPPLEMENTAL DATA AND RATIOS:
| | | |
Net assets, end of period (in thousands) | | | $2,075 |
Ratio of expenses to average net assets(f) | | | 0.50% |
Ratio of net investment income to average net assets(f) | | | 0.10% |
Portfolio turnover rate(e)(g) | | | —% |
| | | | |
(a)
| Inception date of the Fund was August 19, 2024. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period. |
(c)
| Amount represents less than $0.005 per share. |
(d)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(e)
| Not annualized for periods less than one year. |
(f)
| Annualized for periods less than one year. |
(g)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Nasdaq International Patent Leaders ETF
Financial Highlights
| | | | |
PER SHARE DATA:
| | | |
Net asset value, beginning of period | | | $20.10 |
INVESTMENT OPERATIONS:
| | | |
Net investment income(b) | | | 0.05 |
Net realized and unrealized gain on investments(c) | | | 0.02 |
Total from investment operations | | | 0.07 |
Net asset value, end of period | | | $20.17 |
TOTAL RETURN(d) | | | 0.37% |
SUPPLEMENTAL DATA AND RATIOS:
| | | |
Net assets, end of period (in thousands) | | | $807 |
Ratio of expenses to average net assets(e) | | | 0.66% |
Ratio of net investment income to average net assets(e) | | | 1.95% |
Portfolio turnover rate(d)(f) | | | —% |
| | | | |
(a)
| Inception date of the Fund was September 16, 2024. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Pacific Asset Floating Rate High Income ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $47.50 | | | $45.71 | | | $47.76 | | | $48.90 | | | $46.52 | | | $48.73 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | 1.99 | | | 4.23 | | | 3.34 | | | 1.47 | | | 1.47 | | | 1.90 |
Net realized and unrealized gain (loss) on investments(c) | | | (0.08) | | | 1.58 | | | (2.10) | | | (1.29) | | | 2.47 | | | (2.20) |
Total from investment operations | | | 1.91 | | | 5.81 | | | 1.24 | | | 0.18 | | | 3.94 | | | (0.30) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (1.89) | | | (4.02) | | | (3.29) | | | (1.32) | | | (1.56) | | | (1.91) |
Total distributions | | | (1.89) | | | (4.02) | | | (3.29) | | | (1.32) | | | (1.56) | | | (1.91) |
Net asset value, end of period | | | $47.52 | | | $47.50 | | | $45.71 | | | $47.76 | | | $48.90 | | | $46.52 |
TOTAL RETURN(d) | | | 4.08% | | | 13.25% | | | 2.91% | | | 0.34% | | | 8.63% | | | −0.70% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $386,338 | | | $248,422 | | | $100,095 | | | $81,663 | | | $31,788 | | | $27,911 |
Ratio of expenses to average net assets:
| | | | | | | | | | | | | | | |
Before expense reimbursement/
recoupment(e)(f) | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.62% | | | 0.68% | | | 1.06% |
After expense reimbursement/
recoupment(e)(f) | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.62% | | | 0.86% | | | 1.10% |
Ratio of net investment income to average net assets(e)(f) | | | 8.28% | | | 9.01% | | | 7.36% | | | 3.63% | | | 3.04% | | | 3.98% |
Portfolio turnover rate(d)(g) | | | 24% | | | 43% | | | 79% | | | 37% | | | 35% | | | 48% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the underlying exchange traded funds in which the Fund invests. The ratio does not include net investment income of the exchange traded funds in which the Fund invests. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| These ratios exclude the impact of expenses of the underlying exchange traded funds as represented in the Schedule of Investments. Recognition of net investment income by the Fund is affected by the timing of the underlying exchange traded funds in which the Fund invests. |
(g)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot 100 ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $67.13 | | | $55.22 | | | $52.18 | | | $54.01 | | | $37.91 | | | $36.00 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income (loss)(a) | | | 0.77 | | | 1.43 | | | 0.48 | | | (0.13) | | | 0.01 | | | 0.15 |
Net realized and unrealized gain (loss) on investments(b) | | | 5.10 | | | 11.44 | | | 2.87 | | | (1.70) | | | 16.17 | | | 1.94 |
Total from investment operations | | | 5.87 | | | 12.87 | | | 3.35 | | | (1.83) | | | 16.18 | | | 2.09 |
Net investment income | | | — | | | (0.96) | | | (0.31) | | | — | | | (0.08) | | | (0.18) |
Total distributions | | | — | | | (0.96) | | | (0.31) | | | — | | | (0.08) | | | (0.18) |
ETF transaction fees per share | | | 0.00(c) | | | — | | | — | | | — | | | 0.00(c) | | | — |
Net asset value, end of period | | | $73.00 | | | $67.13 | | | $55.22 | | | $52.18 | | | $54.01 | | | $37.91 |
TOTAL RETURN(d) | | | 8.75% | | | 23.36% | | | 6.47% | | | −3.38% | | | 42.69% | | | 5.78% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $1,317,654 | | | $1,181,469 | | | $750,925 | | | $688,816 | | | $783,124 | | | $739,258 |
Ratio of expenses to average net assets(e) | | | 0.65% | | | 0.65% | | | 0.65% | | | 0.65% | | | 0.65% | | | 0.65% |
Ratio of net investment income (loss) to average net assets(e) | | | 2.12% | | | 2.24% | | | 0.93% | | | (0.22)% | | | 0.01% | | | 0.40% |
Portfolio turnover rate(d)(f) | | | 1% | | | 20% | | | 6% | | | 7% | | | 6% | | | 61% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Amount represents less than $0.005 per share. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot European Index ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $25.86 | | | $26.57 | | | $22.40 | | | $24.33 | | | $23.76 | | | $26.77 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.44 | | | 0.68 | | | 0.34 | | | 0.34 | | | 0.10 | | | 0.54 |
Net realized and unrealized gain (loss) on investments(b) | | | 0.09 | | | (0.71) | | | 3.99 | | | (1.89) | | | 0.47 | | | (2.61) |
Total from investment operations | | | 0.53 | | | (0.03) | | | 4.33 | | | (1.55) | | | 0.57 | | | (2.07) |
Net investment income | | | — | | | (0.68) | | | (0.16) | | | (0.38) | | | — | | | (0.94) |
Total distributions | | | — | | | (0.68) | | | (0.16) | | | (0.38) | | | — | | | (0.94) |
ETF transaction fees per share | | | 0.00(c) | | | — | | | — | | | 0.00(c) | | | — | | | — |
Net asset value, end of period | | | $26.39 | | | $25.86 | | | $26.57 | | | $22.40 | | | $24.33 | | | $23.76 |
TOTAL RETURN(d) | | | 2.02% | | | −0.02% | | | 19.43% | | | −6.47% | | | 2.38% | | | −8.18% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $30,346 | | | $40,091 | | | $43,843 | | | $45,925 | | | $54,741 | | | $91,488 |
Ratio of expenses to average net assets(e) | | | 0.65% | | | 0.65% | | | 0.65% | | | 0.66% | | | 0.65% | | | 0.65% |
Ratio of net investment income to average net assets(e) | | | 3.25% | | | 2.68% | | | 1.48% | | | 1.39% | | | 0.43% | | | 2.04% |
Portfolio turnover rate(d)(f) | | | 8% | | | 111% | | | 5% | | | 7% | | | 506% | | | 12% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Amount represents less than $0.005 per share. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot Fund of Funds ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $30.48 | | | $27.80 | | | $27.81 | | | $29.82 | | | $23.81 | | | $25.39 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(b) | | | 0.16 | | | 0.77 | | | 0.48 | | | 0.35 | | | 0.22 | | | 0.26 |
Net realized and unrealized gain (loss) on investments(c) | | | 2.25 | | | 2.66 | | | (0.03) | | | (2.07) | | | 5.96 | | | (1.59) |
Total from investment operations | | | 2.41 | | | 3.43 | | | 0.45 | | | (1.72) | | | 6.18 | | | (1.33) |
Net investment income | | | — | | | (0.75) | | | (0.46) | | | (0.29) | | | (0.17) | | | (0.25) |
Total distributions | | | — | | | (0.75) | | | (0.46) | | | (0.29) | | | (0.17) | | | (0.25) |
Net asset value, end of period | | | $32.89 | | | $30.48 | | | $27.80 | | | $27.81 | | | $29.82 | | | $23.81 |
TOTAL RETURN(d) | | | 7.89% | | | 12.39% | | | 1.71% | | | −5.87% | | | 26.02% | | | −5.37% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $52,619 | | | $50,294 | | | $52,819 | | | $63,968 | | | $44,728 | | | $27,378 |
Ratio of expenses to average net assets(e) | | | 0.15% | | | 0.15% | | | 0.15% | | | 0.15% | | | 0.15% | | | 0.15% |
Ratio of net investment income to average net assets(e) | | | 1.00% | | | 2.61% | | | 1.77% | | | 1.16% | | | 0.82% | | | 1.03% |
Portfolio turnover rate(d)(f) | | | 3% | | | 6% | | | 6% | | | 5% | | | 29% | | | 6% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was May 3, 2019. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot International ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $28.16 | | | $26.91 | | | $24.40 | | | $28.22 | | | $23.42 | | | $24.91 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(b)(c) | | | 0.30 | | | 0.65 | | | 0.45 | | | 0.44 | | | 0.28 | | | 0.32 |
Net realized and unrealized gain (loss) on investments(d) | | | 0.85 | | | 1.18 | | | 2.16 | | | (3.57) | | | 4.72 | | | (1.55) |
Total from investment operations | | | 1.15 | | | 1.83 | | | 2.61 | | | (3.13) | | | 5.00 | | | (1.23) |
Net investment income | | | — | | | (0.58) | | | (0.10) | | | (0.69) | | | (0.20) | | | (0.26) |
Total distributions | | | — | | | (0.58) | | | (0.10) | | | (0.69) | | | (0.20) | | | (0.26) |
ETF transaction fees per share | | | 0.00(e) | | | 0.00(e) | | | 0.00(e) | | | 0.00(e) | | | — | | | — |
Net asset value, end of period | | | $29.31 | | | $28.16 | | | $26.91 | | | $24.40 | | | $28.22 | | | $23.42 |
TOTAL RETURN(f) | | | 4.09% | | | 6.85% | | | 10.75% | | | −11.46% | | | 21.46% | | | −5.08% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $146,565 | | | $150,672 | | | $125,141 | | | $130,527 | | | $131,228 | | | $151,038 |
Ratio of expenses to average net assets(g)(h) | | | 0.65% | | | 0.65% | | | 0.65% | | | 0.65% | | | 0.65% | | | 0.65% |
Ratio of net investment income to average net assets(g)(h) | | | 2.01% | | | 2.38% | | | 1.82% | | | 1.56% | | | 1.15% | | | 1.26% |
Portfolio turnover rate(f)(i) | | | 9% | | | 58% | | | 3% | | | 202% | | | 161% | | | 39% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was May 2, 2019. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(c)
| Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the underlying exchange traded funds in which the Fund invests. The ratio does not include net investment income of the exchange traded funds in which the Fund invests. |
(d)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(e)
| Amount represents less than $0.005 per share. |
(f)
| Not annualized for periods less than one year. |
(g)
| Annualized for periods less than one year. |
(h)
| These ratios exclude the impact of expenses of the underlying exchange traded funds as represented in the Schedule of Investments. Recognition of net investment income by the Fund is affected by the timing of the underlying exchange traded funds in which the Fund invests. |
(i)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Bond ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $20.00 | | | $20.20 | | | $23.33 | | | $27.45 | | | $25.77 | | | $25.00 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(b) | | | 0.59 | | | 1.41 | | | 1.11 | | | 0.80 | | | 1.09 | | | 0.33 |
Net realized and unrealized gain (loss) on investments(c) | | | 0.15 | | | (0.19) | | | (2.83) | | | (4.17) | | | 1.34 | | | 0.72 |
Total from investment operations | | | 0.74 | | | 1.22 | | | (1.72) | | | (3.37) | | | 2.43 | | | 1.05 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.60) | | | (1.42) | | | (1.41) | | | (0.75) | | | (0.75) | | | (0.28) |
Total distributions | | | (0.60) | | | (1.42) | | | (1.41) | | | (0.75) | | | (0.75) | | | (0.28) |
ETF transaction fees per share | | | 0.00(d) | | | 0.00(d) | | | — | | | — | | | 0.00(d) | | | — |
Net asset value, end of period | | | $20.14 | | | $20.00 | | | $20.20 | | | $23.33 | | | $27.45 | | | $25.77 |
TOTAL RETURN(e) | | | 3.68% | | | 6.30% | | | −7.30% | | | −12.54% | | | 9.53% | | | 4.24% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $177,220 | | | $178,021 | | | $232,340 | | | $949,550 | | | $839,970 | | | $144,327 |
Ratio of expenses to average net assets(f) | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% |
Ratio of net investment income to average net assets(f) | | | 5.79% | | | 7.03% | | | 5.26% | | | 3.01% | | | 4.04% | | | 2.47% |
Portfolio turnover rate(e)(g) | | | 316% | | | 131% | | | 711% | | | 652% | | | 55% | | | 131% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was October 22, 2019. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Amount represents less than $0.005 per share. |
(e)
| Not annualized for periods less than one year. |
(f)
| Annualized for periods less than one year. |
(g)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Large Cap ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $45.80 | | | $38.63 | | | $37.54 | | | $36.54 | | | $26.99 | | | $30.56 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.19 | | | 0.42 | | | 0.66 | | | 0.28 | | | 0.25 | | | 0.39 |
Net realized and unrealized gain (loss) on investments(b) | | | 6.09 | | | 7.26 | | | 0.90 | | | 1.03 | | | 9.65 | | | (3.59) |
Total from investment operations | | | 6.28 | | | 7.68 | | | 1.56 | | | 1.31 | | | 9.90 | | | (3.20) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | — | | | (0.51) | | | (0.47) | | | (0.31) | | | (0.35) | | | (0.37) |
Total distributions | | | — | | | (0.51) | | | (0.47) | | | (0.31) | | | (0.35) | | | (0.37) |
ETF transaction fees per share | | | 0.00(c) | | | — | | | — | | | — | | | — | | | — |
Net asset value, end of period | | | $52.08 | | | $45.80 | | | $38.63 | | | $37.54 | | | $36.54 | | | $26.99 |
TOTAL RETURN(d) | | | 13.71% | | | 19.96% | | | 4.20% | | | 3.48% | | | 36.86% | | | −10.71% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $3,153,451 | | | $2,619,782 | | | $2,039,609 | | | $1,841,243 | | | $1,894,772 | | | $2,403,839 |
Ratio of expenses to average net assets(e) | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% |
Ratio of net investment income to average net assets(e) | | | 0.75% | | | 0.98% | | | 1.75% | | | 0.71% | | | 0.83% | | | 1.25% |
Portfolio turnover rate(d)(f) | | | 2% | | | 51% | | | 1% | | | 58% | | | 6% | | | 5% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Amount represents less than $0.005 per share. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Trendpilot US Mid Cap ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $33.87 | | | $32.25 | | | $34.52 | | | $35.63 | | | $28.35 | | | $30.95 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.17 | | | 0.56 | | | 0.39 | | | 0.00(b) | | | 0.09 | | | 0.28 |
Net realized and unrealized gain (loss) on investments(c) | | | 2.83 | | | 1.69 | | | (2.41) | | | (1.07) | | | 7.36 | | | (2.45) |
Total from investment operations | | | 3.00 | | | 2.25 | | | (2.02) | | | (1.07) | | | 7.45 | | | (2.17) |
Net investment income | | | — | | | (0.63) | | | (0.25) | | | (0.04) | | | (0.17) | | | (0.43) |
Total distributions | | | — | | | (0.63) | | | (0.25) | | | (0.04) | | | (0.17) | | | (0.43) |
Net asset value, end of period | | | $36.87 | | | $33.87 | | | $32.25 | | | $34.52 | | | $35.63 | | | $28.35 |
TOTAL RETURN(d) | | | 8.86% | | | 7.02% | | | −5.81% | | | −2.98% | | | 26.34% | | | −7.11% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $424,046 | | | $384,469 | | | $390,252 | | | $441,894 | | | $452,474 | | | $540,051 |
Ratio of expenses to average net assets(e) | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% |
Ratio of net investment income to average net assets(e) | | | 0.93% | | | 1.72% | | | 1.19% | | | 0.01% | | | 0.30% | | | 0.96% |
Portfolio turnover rate(d)(f) | | | 10% | | | 262% | | | 441% | | | 16% | | | 304% | | | 143% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Amount represents less than $0.005 per share. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Cash Cows 100 ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $54.82 | | | $46.73 | | | $47.94 | | | $41.95 | | | $25.17 | | | $29.72 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.52 | | | 1.10 | | | 1.08 | | | 0.84 | | | 0.71 | | | 0.77 |
Net realized and unrealized gain (loss) on investments(b) | | | 2.11 | | | 8.02 | | | (1.32) | | | 5.87 | | | 16.76 | | | (4.55) |
Total from investment operations | | | 2.63 | | | 9.12 | | | (0.24) | | | 6.71 | | | 17.47 | | | (3.78) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.55) | | | (1.03) | | | (0.97) | | | (0.72) | | | (0.69) | | | (0.77) |
Total distributions | | | (0.55) | | | (1.03) | | | (0.97) | | | (0.72) | | | (0.69) | | | (0.77) |
ETF transaction fees per
share | | | 0.00(c) | | | — | | | — | | | — | | | — | | | — |
Net asset value, end of
period | | | $56.90 | | | $54.82 | | | $46.73 | | | $47.94 | | | $41.95 | | | $25.17 |
TOTAL RETURN(d) | | | 4.82% | | | 19.70% | | | −0.38% | | | 16.08% | | | 70.43% | | | −12.63% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $24,921,226 | | | $22,641,886 | | | $13,219,876 | | | $4,554,750 | | | $432,113 | | | $190,027 |
Ratio of expenses to average net assets(e) | | | 0.49% | | | 0.49% | | | 0.49% | | | 0.49% | | | 0.49% | | | 0.49% |
Ratio of net investment income to average net assets(e) | | | 1.83% | | | 2.15% | | | 2.30% | | | 1.78% | | | 2.23% | | | 2.73% |
Portfolio turnover rate(d)(f) | | | 56% | | | 77% | | | 90% | | | 114% | | | 104% | | | 85% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Amount represents less than $0.005 per share. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Cash Cows Growth ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $40.36 | | | $35.00 | | | $35.44 | | | $36.21 | | | $22.89 | | | $24.78 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(b) | | | 0.06 | | | 0.56 | | | 0.60 | | | 0.04 | | | 0.14 | | | 0.28 |
Net realized and unrealized gain (loss) on investments(c) | | | 5.38 | | | 5.43 | | | (0.65) | | | (0.75) | | | 13.37 | | | (1.90) |
Total from investment operations | | | 5.44 | | | 5.99 | | | (0.05) | | | (0.71) | | | 13.51 | | | (1.62) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.07) | | | (0.62) | | | (0.39) | | | (0.04) | | | (0.19) | | | (0.27) |
Return of capital | | | — | | | (0.01) | | | — | | | (0.02) | | | — | | | — |
Total distributions | | | (0.07) | | | (0.63) | | | (0.39) | | | (0.06) | | | (0.19) | | | (0.27) |
Net asset value, end of period | | | $45.73 | | | $40.36 | | | $35.00 | | | $35.44 | | | $36.21 | | | $22.89 |
TOTAL RETURN(d) | | | 13.48% | | | 17.34% | | | −0.07% | | | −1.98% | | | 59.29% | | | −6.52% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $64,019 | | | $46,412 | | | $38,500 | | | $8,859 | | | $3,621 | | | $1,144 |
Ratio of expenses to average net assets(e) | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% |
Ratio of net investment income to average net assets(e) | | | 0.29% | | | 1.52% | | | 1.69% | | | 0.10% | | | 0.43% | | | 1.16% |
Portfolio turnover rate(d)(f) | | | —% | | | 123% | | | 182% | | | 76% | | | 170% | | | 166% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was May 2, 2019. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Export Leaders ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $47.07 | | | $39.95 | | | $38.27 | | | $40.41 | | | $25.15 | | | $25.97 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.12 | | | 0.21 | | | 0.25 | | | 0.12 | | | 0.14 | | | 0.16 |
Net realized and unrealized gain (loss) on investments(b) | | | 1.74 | | | 7.12 | | | 1.67 | | | (2.13) | | | 15.27 | | | (0.82) |
Total from investment operations | | | 1.86 | | | 7.33 | | | 1.92 | | | (2.01) | | | 15.41 | | | (0.66) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | | | | |
Net investment income | | | (0.12) | | | (0.21) | | | (0.24) | | | (0.12) | | | (0.15) | | | (0.16) |
Return of capital | | | — | | | — | | | — | | | (0.01) | | | — | | | — |
Total distributions | | | (0.12) | | | (0.21) | | | (0.24) | | | (0.13) | | | (0.15) | | | (0.16) |
Net asset value, end of period | | | $48.81 | | | $47.07 | | | $39.95 | | | $38.27 | | | $40.41 | | | $25.15 |
TOTAL RETURN(c) | | | 3.95% | | | 18.40% | | | 5.06% | | | −5.00% | | | 61.47% | | | −2.53% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $63,459 | | | $61,194 | | | $19,976 | | | $3,827 | | | $2,021 | | | $1,257 |
Ratio of expenses to average net assets(d) | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.61% | | | 0.60% | | | 0.60% |
Ratio of net investment income to average net assets(d) | | | 0.47% | | | 0.47% | | | 0.64% | | | 0.29% | | | 0.43% | | | 0.61% |
Portfolio turnover rate(c)(e) | | | —% | | | 75% | | | 74% | | | 79% | | | 111% | | | 79% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Not annualized for periods less than one year. |
(d)
| Annualized for periods less than one year. |
(e)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Large Cap Cash Cows Growth Leaders ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | |
Net asset value, beginning of period | | | $24.56 | | | $20.07 | | | $20.36 |
INVESTMENT OPERATIONS:
| | | | | | | | | |
Net investment income(b) | | | 0.08 | | | 0.12 | | | 0.03 |
Net realized and unrealized gain (loss) on investments(c) | | | 5.09 | | | 4.48 | | | (0.30) |
Total from investment operations | | | 5.17 | | | 4.60 | | | (0.27) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | |
Net investment income | | | (0.05) | | | (0.11) | | | (0.02) |
Total distributions | | | (0.05) | | | (0.11) | | | (0.02) |
Net asset value, end of period | | | $29.68 | | | $24.56 | | | $20.07 |
TOTAL RETURN(d) | | | 21.07% | | | 22.96% | | | −1.30% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | |
Net assets, end of period (in thousands) | | | $261,172 | | | $120,342 | | | $19,571 |
Ratio of expenses to average net assets(e) | | | 0.49% | | | 0.49% | | | 0.49% |
Ratio of net investment income to average net assets(e) | | | 0.59% | | | 0.53% | | | 0.44% |
Portfolio turnover rate(d)(f) | | | 60% | | | 111% | | | 30% |
| | | | | | | | | | |
(a)
| Inception date of the Fund was December 21, 2022. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Small Cap Cash Cows 100 ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $45.83 | | | $37.05 | | | $38.06 | | | $41.82 | | | $20.76 | | | $25.88 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.25 | | | 0.54 | | | 0.51 | | | 0.72 | | | 0.11 | | | 0.27 |
Net realized and unrealized gain (loss) on investments(b) | | | (1.54) | | | 8.76 | | | (1.09) | | | (3.37) | | | 21.13 | | | (5.12) |
Total from investment operations | | | (1.29) | | | 9.30 | | | (0.58) | | | (2.65) | | | 21.24 | | | (4.85) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.25) | | | (0.52) | | | (0.43) | | | (0.67) | | | (0.14) | | | (0.27) |
Return of capital | | | — | | | — | | | — | | | (0.44) | | | (0.04) | | | — |
Total distributions | | | (0.25) | | | (0.52) | | | (0.43) | | | (1.11) | | | (0.18) | | | (0.27) |
Net asset value, end of period | | | $44.29 | | | $45.83 | | | $37.05 | | | $38.06 | | | $41.82 | | | $20.76 |
TOTAL RETURN(c) | | | −2.83% | | | 25.18% | | | −1.46% | | | −6.57% | | | 102.70% | | | −18.72% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $8,562,539 | | | $9,399,691 | | | $2,035,764 | | | $831,675 | | | $271,840 | | | $14,534 |
Ratio of expenses to average net assets(d) | | | 0.59% | | | 0.59% | | | 0.59% | | | 0.59% | | | 0.59% | | | 0.59% |
Ratio of net investment income to average net assets(d) | | | 1.10% | | | 1.20% | | | 1.36% | | | 1.70% | | | 0.33% | | | 1.11% |
Portfolio turnover rate(c)(e) | | | 54% | | | 108% | | | 101% | | | 133% | | | 123% | | | 128% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Not annualized for periods less than one year. |
(d)
| Annualized for periods less than one year. |
(e)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer US Small Cap Cash Cows Growth Leaders ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | |
Net asset value, beginning of period | | | $22.93 | | | $20.18 |
INVESTMENT OPERATIONS:
| | | | | | |
Net investment income(b) | | | 0.04 | | | 0.13 |
Net realized and unrealized gain on investments(c) | | | 2.15 | | | 2.75 |
Total from investment operations | | | 2.19 | | | 2.88 |
LESS DISTRIBUTIONS FROM:
| | | | | | |
Net investment income | | | (0.04) | | | (0.13) |
Return of capital | | | — | | | (0.00)(d) |
Total distributions | | | (0.04) | | | (0.13) |
Net asset value, end of period | | | $25.08 | | | $22.93 |
TOTAL RETURN(e) | | | 9.62% | | | 14.26% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | |
Net assets, end of period (in thousands) | | | $17,559 | | | $9,170 |
Ratio of expenses to average net assets(f) | | | 0.59% | | | 0.59% |
Ratio of net investment income to average net assets(f) | | | 0.32% | | | 0.59% |
Portfolio turnover rate(e)(g) | | | 74% | | | 152% |
| | | | | | | |
(a)
| Inception date of the Fund was May 1, 2023. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Amount represents less than $0.005 per share. |
(e)
| Not annualized for periods less than one year. |
(f)
| Annualized for periods less than one year. |
(g)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer WealthShield ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | $27.78 | | | $27.16 | | | $30.16 | | | $32.10 | | | $23.92 | | | $25.02 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.28 | | | 0.39 | | | 0.64 | | | 0.26 | | | 0.14 | | | 0.33 |
Net realized and unrealized gain (loss) on investments(b) | | | 2.03 | | | 0.71 | | | (3.07) | | | (1.94) | | | 8.20 | | | (1.10) |
Total from investment operations | | | 2.31 | | | 1.10 | | | (2.43) | | | (1.68) | | | 8.34 | | | (0.77) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.17) | | | (0.48) | | | (0.57) | | | (0.26) | | | (0.16) | | | (0.33) |
Total distributions | | | (0.17) | | | (0.48) | | | (0.57) | | | (0.26) | | | (0.16) | | | (0.33) |
ETF transaction fees per share | | | 0.00(c) | | | — | | | — | | | 0.00(c) | | | — | | | — |
Net asset value, end of period | | | $29.92 | | | $27.78 | | | $27.16 | | | $30.16 | | | $32.10 | | | $23.92 |
TOTAL RETURN(d) | | | 8.26% | | | 4.06% | | | −8.09% | | | −5.30% | | | 35.00% | | | −3.04% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of period
(in thousands) | | | $19,445 | | | $19,446 | | | $24,446 | | | $33,172 | | | $48,143 | | | $51,428 |
Ratio of expenses to average net assets(e) | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.61% | | | 0.60% | | | 0.60% |
Ratio of net investment income to average net assets(e) | | | 1.82% | | | 1.42% | | | 2.19% | | | 0.79% | | | 0.53% | | | 1.38% |
Portfolio turnover rate(d)(f) | | | 261% | | | 315% | | | 669% | | | 448% | | | 227% | | | 676% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Amount represents less than $0.005 per share. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)
NOTE 1 – ORGANIZATION
Pacer Funds Trust (the “Trust”), a Delaware statutory trust organized on August 12, 2014. USAI, BULD, ODDS, PSFF, PSCX, PSMD, PSFD, PSCW, PSMR, PSFM, PSCJ, PSMJ, PSFJ, PSCQ, PSMO, PSFO, QDPL, EAFG and QSIX fiscal year end is October 31st and as such are not included in these financial statements. The Trust is registered with the Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company and the offering of the Funds’ shares (“Shares”) is registered under the Securities Act of 1933, as amended (the “Securities Act”). The Trust currently consists of multiple operational series, of which are covered in this report, individually the (“Fund”) or collectively the (“Funds”).
Shares of the Funds are listed and traded on the Cboe BZX Exchange, Inc. (“Cboe”), Nasdaq Stock Market LLC (“Nasdaq”), or the NYSE Arca, Inc. (“NYSE”). Market prices for the shares may be different from their net asset value (“NAV”). The Funds issue and redeem shares on a continuous basis at NAV only in large blocks of shares, called “Creation Units,” which generally consist of 50,000 shares except PTBD which generally consist of 100,000 shares, COWG and CAFG which generally consist of 25,000 shares, and FLRT, SHPP, TRFK, QQQG, PATN and GLBL which generally consist of 20,000 shares. Creation Units are issued and redeemed principally in-kind for securities included in a specified universe. Once created, Shares generally trade in the secondary market at market prices that change throughout the day in amounts less than a Creation Unit. Except when aggregated in Creation Units, Shares are not redeemable securities of a Fund. Shares of a Fund may only be purchased directly from or redeemed directly to a Fund by certain financial institutions (“Authorized Participants”). An Authorized Participant is either (i) a broker-dealer or other participant in the clearing process through the Continuous Net Settlement System of the National Securities Clearing Corporation or (ii) a DTC participant and, in each case, must have executed a Participant Agreement with Pacer Financial, Inc. (the “Distributor”). Most retail investors do not qualify as Authorized Participants nor have the resources to buy and sell whole Creation Units. Therefore, they are unable to purchase or redeem the shares directly from a Fund. Rather, most retail investors may purchase Shares in the secondary market with the assistance of a broker and are subject to customary brokerage commissions or fees.
The Funds each currently offer one class of Shares, which have no front-end sales loads, no deferred sales charges, and no redemption fees. A purchase (i.e., creation) transaction fee is imposed for the transfer and other transaction costs associated with the purchase of Creation Units. Below are the charges for the standard fixed creation fee, payable to the Custodian. The fixed transaction fee may be waived on certain orders if the Fund’s Custodian has determined to waive some or all of the costs associated with the order, or another party, such as the Adviser, has agreed to pay such fee. In addition, a variable fee may be charged on all cash transactions or substitutes for Creation Units of up to a maximum of 2% as a percentage of the value of the Creation Units subject to the transaction for the Funds. Variable fees received by each Fund are displayed in the Capital Share Transaction section of the Statement of Changes in Net Assets. Each Fund may issue an unlimited number of shares of beneficial interest, with no par value. Shares of each Fund have equal rights and privileges with respect to such Fund.
| | | | | | | | | | | | | |
Pacer Trendpilot® US Large Cap ETF | | | PTLC | | | June 11, 2015 | | | Cboe | | | $500* |
Pacer Trendpilot® US Mid Cap ETF | | | PTMC | | | June 11, 2015 | | | Cboe | | | 300* |
Pacer Trendpilot® 100 ETF | | | PTNQ | | | June 11, 2015 | | | Nasdaq | | | 300* |
Pacer Trendpilot® European Index ETF | | | PTEU | | | December 14, 2015 | | | Cboe | | | 1,250* |
Pacer Trendpilot® International ETF | | | PTIN | | | May 2, 2019 | | | NYSE | | | 4,000* |
Pacer Trendpilot® US Bond ETF | | | PTBD | | | October 22, 2019 | | | NYSE | | | 500* |
Pacer Trendpilot® Fund of Funds ETF | | | TRND | | | May 3, 2019 | | | NYSE | | | 300 |
Pacer US Cash Cows 100 ETF | | | COWZ | | | December 16, 2016 | | | Cboe | | | 300 |
Pacer US Small Cap Cash Cows 100 ETF | | | CALF | | | June 16, 2017 | | | Cboe | | | 300 |
Pacer Global Cash Cows Dividend ETF | | | GCOW | | | February 22, 2016 | | | Cboe | | | 1,000 |
Pacer Developed Markets International Cash Cows 100
ETF | | | ICOW | | | June 16, 2017 | | | Cboe | | | 1,000 |
Pacer Emerging Markets Cash Cows 100 ETF | | | ECOW | | | May 2, 2019 | | | Nasdaq | | | 1,750 |
| | | | | | | | | | | | | |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
| | | | | | | | | | | | | |
Pacer US Large Cap Cash Cows Growth Leaders ETF | | | COWG | | | December 21, 2022 | | | Nasdaq | | | 300 |
Pacer US Small Cap Cash Cows Growth Leaders ETF | | | CAFG | | | May 1, 2023 | | | Nasdaq | | | 300 |
Pacer US Cash Cows Growth ETF | | | BUL | | | May 2, 2019 | | | NYSE | | | 300 |
Pacer Cash Cows Fund of Funds ETF | | | HERD | | | May 3, 2019 | | | Nasdaq | | | 300 |
Pacer WealthShield ETF | | | PWS | | | December 11, 2017 | | | Cboe | | | 500 |
Pacer Industrial Real Estate ETF | | | INDS | | | May 14, 2018 | | | NYSE | | | 300 |
Pacer Data & Infrastructure Real Estate ETF | | | SRVR | | | May 15, 2018 | | | NYSE | | | 300 |
Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index ETF | | | SZNE | | | July 23, 2018 | | | NYSE | | | 500 |
Pacer Lunt Large Cap Alternator ETF | | | ALTL | | | June 24, 2020 | | | NYSE | | | 300 |
Pacer Lunt Midcap Multi-Factor Alternator ETF | | | PAMC | | | June 24, 2020 | | | NYSE | | | 300 |
Pacer Lunt Large Cap Multi-Factor Alternator ETF | | | PALC | | | June 24, 2020 | | | NYSE | | | 300 |
Pacer US Export Leaders ETF | | | PEXL | | | July 23, 2018 | | | NYSE | | | 300 |
Pacer Pacific Asset Floating Rate High Income ETF | | | FLRT | | | February 18, 2015 | | | NYSE | | | 300 |
Pacer Data and Digital Revolution ETF | | | TRFK | | | June 8, 2022 | | | NYSE | | | 500 |
Pacer Industrials and Logistics ETF | | | SHPP | | | June 8, 2022 | | | NYSE | | | 750 |
Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | | | QQQG | | | August 20, 2024 | | | Nasdaq | | | 300 |
Pacer Nasdaq International Patent Leaders ETF | | | PATN | | | September 17, 2024 | | | Nasdaq | | | 500 |
Pacer MSCI World Industry Advantage ETF | | | GLBL | | | September 17, 2024 | | | Cboe | | | 1,250 |
| | | | | | | | | | | | | |
*
| For the PTLC, PTMC, PTNQ, PTEU, and PTIN, the standard fixed creation transaction fee is $300 when the Deposit Securities include only U.S. Treasury bills. For PTBD, the standard fixed creation transaction fee is $300 when the Deposit Securities include only U.S. Treasury bills. |
The investment objectives of the Funds are to seek to track the total return performance, before fees and expenses, of the following indexes, respectively.
| | | | | | | |
PTLC | | | Pacer Trendpilot® US Large Cap Index | | | Diversified |
PTMC | | | Pacer Trendpilot® US Mid-Cap Index | | | Diversified |
PTNQ | | | Pacer NASDAQ-100 Trendpilot® Index | | | Non-Diversified |
PTEU | | | Pacer Trendpilot® European Index | | | Diversified |
PTIN | | | Pacer Trendpilot® International Index | | | Diversified |
PTBD | | | Pacer Trendpilot® US Bond Index | | | Diversified |
TRND | | | Pacer Trendpilot Fund of Funds Index | | | Diversified |
COWZ | | | Pacer US Cash Cows 100 Index | | | Diversified |
CALF | | | Pacer US Small Cap Cash Cows Index | | | Diversified |
GCOW | | | Pacer Global Cash Cows High Dividends 100 Index | | | Diversified |
ICOW | | | Pacer Developed Markets International Cash Cows 100 Index | | | Diversified |
ECOW | | | Pacer Emerging Markets Cash Cows 100 Index | | | Diversified |
COWG | | | Pacer US Large Cap Cash Cows Growth Leaders Index | | | Non-Diversified |
CAFG | | | Pacer US Small Cap Cash Cows Growth Leaders Index | | | Non-Diversified |
BUL | | | Pacer US Cash Cows Growth Index | | | Non-Diversified |
HERD | | | Pacer Cash Cows Fund of Funds Index | | | Diversified |
PWS | | | Pacer WealthShield Index | | | Diversified |
INDS | | | Solactive GPR Industrial Real Estate Index | | | Non-Diversified |
SRVR | | | Solactive GPR Data & Infrastructure Real Estate Index | | | Non-Diversified |
SZNE | | | Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index | | | Diversified |
ALTL | | | Lunt Capital U.S. Large Cap Equity Rotation Index | | | Diversified |
| | | | | | | |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
PAMC | | | Lunt Capital U.S. MidCap Multi-Factor Rotation Index | | | Diversified |
PALC | | | Lunt Capital U.S. Large Cap Multi-Factor Rotation Index | | | Non-Diversified |
PEXL | | | US Export Leaders Index | | | Diversified |
FLRT | | | Pacer Pacific Asset Floating Rate High Income Index | | | |
SHPP | | | Pacer Global Supply Chain Infrastructure Index | | | Non-Diversified |
TRFK | | | Pacer Data Transmission and Communication Revolution Index | | | Non-Diversified |
QQQG | | | Pacer Nasdaq-100 Top 50 Cash Cows Growth Leaders Index | | | Non-Diversified |
PATN | | | Nasdaq International Patent Leaders Index™ | | | Non-Diversified |
GLBL | | | MSCI World Ricardo Comparative Advantage Select Index | | | Non-Diversified |
| | | | | | | |
The investment objective of FLRT is to seek to provide a high level of current income. FLRT is a diversified Fund.
NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES
The following is a summary of significant accounting policies consistently followed by the Funds in the preparation of the financial statements. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The Funds are investment companies that follow the accounting and reporting guidelines of Accounting Standards Codification Topic 946 applicable to investment companies.
Securities, including master limited partnerships (“MLPs”), listed on a securities exchange, market or automated quotation system for which quotations are readily available, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded, except for securities listed on Nasdaq Global Market (“Nasdaq”). If, on a particular day, there is no such reported sale, then the most recent quoted bid price will be used. For securities traded on Nasdaq, the Nasdaq Official Closing Price (“NOCP”) will be used. If a Fund holds foreign shares of a security for which there is no reported volume, and there is an actively trading local version of the security, the last quoted sale price of the local security shall be used. Prices denominated in foreign currencies are converted to U.S. dollar equivalents at the current exchange rate.
Investments in other open-end investment companies, including money market funds, are valued at the investment company’s net asset value per share, with the exception of exchange-traded open-end investment companies, which are priced as equity securities described above.
Fixed-income securities are normally valued on the basis of quotes obtained from independent pricing services in accordance with procedures adopted by the Board of Trustees. The independent pricing services may employ methodologies that utilize market transactions (if the security is actively traded), broker-dealer supplied valuations, or matrix pricing. Short-term securities that have maturities of less than 60 days, at the time of purchase, are valued at amortized cost, which, when combined with accrued interest, approximates market value.
Options on securities that are listed on an exchange shall be valued at the sale price on such exchange (or any other exchange on which such options are listed) having the trade closest to the close of the New York Stock Exchange (“NYSE”) on the day of valuation or, if there was no sale on any of the applicable options exchanges on such day, at the mean between the highest bid and lowest ask price on any of such exchanges on such day closest to the close of the NYSE on such day. On the last trading day prior to expiration, expiring options may be priced at intrinsic value.
Foreign currency forward contracts are valued at the current day’s interpolated foreign exchange rate, as calculated using the current day’s spot rate, and the twenty, sixty, ninety, and one-hundred eighty day forward rates provided by an independent source.
Futures contracts are valued at the settlement price on the exchange on which they are principally traded.
Units of Mount Vernon Liquid Assets Portfolio are not traded on an exchange and are valued at the investment company’s NAV per share as provided by its administrator.
Cash and cash equivalents - Cash and cash equivalents are held with a financial institution. Cash and cash equivalents of the Funds may be placed in deposit accounts at U.S. banks and such deposits generally exceed Federal
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
Deposit Insurance Corporation (“FDIC”) insurance limits. The FDIC insures deposit accounts up to $250,000 for each accountholder. The counterparty is generally a single bank rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Funds place deposits only with those counterparties which are believed to be creditworthy and there has been no history of loss.
The Trust’s Valuation Procedures provide for the designation of the Adviser as “Valuation Designee”. If no quotation is available from either a pricing service, or one or more brokers or there is reason to question the reliability or accuracy of a quotation supplied, securities are valued at fair value as determined in good faith, by the Valuation Designee pursuant to procedures established by the Funds’ Board of Trustees (the “Board”).As described above, the Funds utilize various methods to measure the fair value of their investments on a recurring basis. GAAP establishes a hierarchy that prioritizes inputs to valuations methods. The three levels of inputs are:
Level 1 –
| Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have the ability to access. |
Level 2 –
| Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data. |
Level 3 –
| Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Funds’ own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. |
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.
The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
The following is a summary of the inputs used to value the Funds’ investments as of October 31, 2024:
HERD
| | | | | | | | | | | | | | | | |
Affiliated Exchange Traded Funds | | | $90,515,143 | | | $— | | | $— | | | $— | | | $90,515,143 |
Total Investments in Securities | | | $90,515,143 | | | $— | | | $— | | | $— | | | $90,515,143 |
| | | | | | | | | | | | | | | | |
SZNE
| | | | | | | | | | | | | | | | |
Common Stocks | | | $33,289,754 | | | $— | | | $— | | | $— | | | $33,289,754 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 4,182,473 | | | 4,182,473 |
Total Investments in Securities | | | $33,289,754 | | | $— | | | $— | | | $4,182,473 | | | $37,472,227 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
SRVR
| | | | | | | | | | | | | | | | |
Common Stocks | | | $167,250,115 | | | $— | | | $— | | | $— | | | $167,250,115 |
Real Estate Investment Trusts | | | 293,662,457 | | | — | | | — | | | — | | | 293,662,457 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 34,949,187 | | | 34,949,187 |
Total Investments in Securities | | | $460,912,572 | | | $— | | | $— | | | $34,949,187 | | | $495,861,759 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
TRFK
| | | | | | | | | | | | | | | | |
Common Stocks | | | $43,086,699 | | | $— | | | $— | | | $— | | | $43,086,699 |
Total Investments in Securities | | | $43,086,699 | | | $— | | | $— | | | $— | | | $43,086,699 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
ICOW
| | | | | | | | | | | | | | | | |
Common Stocks | | | $1,307,967,564 | | | $— | | | $— | | | $— | | | $1,307,967,564 |
Preferred Stocks | | | 14,937,145 | | | — | | | — | | | — | | | 14,937,145 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 46,961,686 | | | 46,961,686 |
Total Investments in Securities | | | $1,322,904,709 | | | $— | | | $— | | | $46,961,686 | | | $1,369,866,395 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for country breakouts. |
ECOW
| | | | | | | | | | | | | | | | |
Common Stocks | | | $107,103,679 | | | $— | | | $0 | | | $— | | | $107,103,679 |
Preferred Stocks | | | 982,582 | | | — | | | — | | | — | | | 982,582 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 5,872,998 | | | 5,872,998 |
Total Investments in Securities | | | $108,086,261 | | | $— | | | $— | | | $5,872,998 | | | $113,959,259 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for country breakouts. |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:
| | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | $ 0 | | | $ — | | | $ — | | | $ — | | | $ — | | | $ — | | | $ — | | | $ 0 |
| | | | | | | | | | | | | | | | | | | | | | | | | |
The following is a summary of quantitative information about Level 3 Fair Value Measurements:
| | | | | | | | | | | | | |
Common Stocks | | | $ 0 | | | Market comparable companies | | | Discount for lack of marketability | | | $ 0.00 |
| | | | | | | | | | | | | |
*
| Table presents information for ten securities, which due to the Russian foreign exchange restrictions are not actively trading. |
GCOW
| | | | | | | | | | | | | | | | |
Common Stocks | | | $2,041,471,331 | | | $— | | | $— | | | $— | | | $2,041,471,331 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 153,159,631 | | | 153,159,631 |
Total Investments in Securities | | | $2,041,471,331 | | | $— | | | $— | | | $153,159,631 | | | $2,194,630,962 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for country breakouts. |
INDS
| | | | | | | | | | | | | | | | |
Common Stocks | | | $7,977,144 | | | $— | | | $— | | | $— | | | $7,977,144 |
Real Estate Investment Trusts | | | 173,109,400 | | | — | | | — | | | — | | | 173,109,400 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 12,785,723 | | | 12,785,723 |
Contingent Value Rights | | | — | | | — | | | 0 | | | — | | | — |
Total Investments in Securities | | | $181,086,544 | | | $— | | | $— | | | $12,785,723 | | | $193,872,267 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts.
|
The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:
| | | | | | | | | | | | | | | | | | | | | | | | | |
Rights | | | $ — | | | $ — | | | $ — | | | $ — | | | $ — | | | $ — | | | $ — | | | $ — |
| | | | | | | | | | | | | | | | | | | | | | | | | |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
The following is a summary of quantitative information about Level 3 Fair Value Measurements:
| | | | | | | | | | | | | |
Rights | | | $ — | | | Acquisition Price | | | Stale Data | | | $ 0.00 |
| | | | | | | | | | | | | |
(a)
| Table presents information for one security: ESR-LOGOS REIT, which has been valued at $0.00 throughout the period. |
SHPP
| | | | | | | | | | | | | | | | |
Common Stocks | | | $1,093,361 | | | $— | | | $— | | | $— | | | $1,093,361 |
Total Investments in Securities | | | $1,093,361 | | | $— | | | $— | | | $— | | | $1,093,361 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
ALTL
| | | | | | | | | | | | | | | | |
Common Stocks | | | $201,870,890 | | | $— | | | $— | | | $— | | | $201,870,890 |
Real Estate Investment Trusts | | | 3,928,059 | | | — | | | — | | | — | | | 3,928,059 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 6,346,271 | | | 6,346,271 |
Total Investments in Securities | | | $205,798,949 | | | $— | | | $— | | | $6,346,271 | | | $212,145,220 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
PALC
| | | | | | | | | | | | | | | | |
Common Stocks | | | $341,480,405 | | | $— | | | $— | | | $— | | | $341,480,405 |
Real Estate Investment Trusts | | | 1,905,413 | | | — | | | — | | | — | | | 1,905,413 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 4,834,392 | | | 4,834,392 |
Total Investments in Securities | | | $343,385,818 | | | $— | | | $— | | | $4,834,392 | | | $348,220,210 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
PAMC
| | | | | | | | | | | | | | | | |
Common Stocks | | | $54,971,609 | | | $— | | | $— | | | $— | | | $54,971,609 |
Real Estate Investment Trusts | | | 6,915,385 | | | — | | | — | | | — | | | 6,915,385 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 11,855,806 | | | 11,855,806 |
Total Investments in Securities | | | $61,886,994 | | | $— | | | $— | | | $11,855,806 | | | $73,742,800 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
GLBL
| | | | | | | | | | | | | | | | |
Common Stocks | | | $783,626 | | | $— | | | $— | | | $— | | | $783,626 |
Real Estate Investment Trusts | | | 28,778 | | | — | | | — | | | — | | | 28,778 |
Total Investments in Securities | | | $812,404 | | | $— | | | $— | | | $— | | | $812,404 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
QQQG
| | | | | | | | | | | | | | | | |
Common Stocks | | | $2,074,159 | | | $— | | | $— | | | $— | | | $2,074,159 |
Total Investments in Securities | | | $2,074,159 | | | $— | | | $— | | | $— | | | $2,074,159 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
PATN
| | | | | | | | | | | | | | | | |
Common Stocks | | | $801,431 | | | $— | | | $— | | | $— | | | $801,431 |
Preferred Stocks | | | 2,990 | | | — | | | — | | | — | | | 2,990 |
Total Investments in Securities | | | $804,421 | | | $— | | | $— | | | $— | | | $804,421 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
FLRT
| | | | | | | | | | | | | | | | |
Bank Loans | | | $— | | | $214,047,481 | | | $— | | | $— | | | $214,047,481 |
Closed-End Funds | | | 18,231 | | | — | | | — | | | — | | | 18,231 |
Collateralized Loan Obligations | | | — | | | 113,108,297 | | | — | | | — | | | 113,108,297 |
Corporate Bonds | | | — | | | 50,955,700 | | | — | | | — | | | 50,955,700 |
Exchange Traded Funds | | | 1,267,392 | | | — | | | — | | | — | | | 1,267,392 |
Total Investments in Securities | | | $1,285,623 | | | $378,111,478 | | | $— | | | $— | | | $379,397,101 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
PTNQ
| | | | | | | | | | | | | | | | |
Common Stocks | | | $740,729,475 | | | $— | | | $— | | | $— | | | $740,729,475 |
U.S. Government Notes/Bonds | | | — | | | 565,235,443 | | | — | | | — | | | 565,235,443 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 20,918,650 | | | 20,918,650 |
Total Investments in Securities | | | $740,729,475 | | | $565,235,443 | | | $— | | | $20,918,650 | | | $1,326,883,568 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
PTEU
| | | | | | | | | | | | | | | | |
Common Stocks | | | $29,517,459 | | | $— | | | $6,573 | | | $— | | | $29,524,032 |
Preferred Stocks | | | 253,467 | | | — | | | — | | | — | | | 253,467 |
Real Estate Investment Trusts | | | 173,618 | | | — | | | — | | | — | | | 173,618 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 2,998,249 | | | 2,998,249 |
Total Investments in Securities | | | $29,944,544 | | | $— | | | $6,573 | | | $2,998,249 | | | $32,949,366 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for country breakouts.
|
The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:
| | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | $6,449 | | | $ — | | | $ 124 | | | $ — | | | $ — | | | $ — | | | $ — | | | $6,573 |
| | | | | | | | | | | | | | | | | | | | | | | | | |
The following is a summary of quantitative information about Level 3 Fair Value Measurements:
| | | | | | | | | | | | | |
Common Stocks | | | $6,573 | | | Last Trade Price | | | Stale Data | | | 4.8 EUR |
| | | | | | | | | | | | | |
(a)
| Table presents information for one security: FF Group, which has been valued at 4.8 EUR throughout the period. |
TRND
| | | | | | | | | | | | | | | | |
Affiliated Exchange Traded Funds | | | $52,592,274 | | | $— | | | $— | | | $— | | | $52,592,274 |
Total Investments in Securities | | | $52,592,274 | | | $— | | | $— | | | $— | | | $52,592,274 |
| | | | | | | | | | | | | | | | |
PTIN
| | | | | | | | | | | | | | | | |
Common Stocks | | | $139,053,794 | | | $— | | | $— | | | $— | | | $139,053,794 |
Exchange Traded Funds | | | 5,849,672 | | | — | | | — | | | — | | | 5,849,672 |
Preferred Stocks | | | 362,786 | | | — | | | — | | | — | | | 362,786 |
Real Estate Investment Trusts | | | 547,384 | | | — | | | — | | | — | | | 547,384 |
Warrants | | | — | | | — | | | 0 | | | — | | | — |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 27,401,493 | | | 27,401,493 |
Total Investments in Securities | | | $145,813,636 | | | $— | | | $— | | | $27,401,493 | | | $173,215,129 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for country breakouts.
|
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:
| | | | | | | | | | | | | | | | | | | | | | | | | |
Warrants | | | $ 0 | | | $ — | | | $ — | | | $ — | | | $ — | | | $ — | | | $ — | | | $ — |
| | | | | | | | | | | | | | | | | | | | | | | | | |
The following is a summary of quantitative information about Level 3 Fair Value Measurements:
| | | | | | | | | | | | | |
Warrants | | | $ — | | | US Line | | | Delisting | | | 0.00 CAD |
| | | | | | | | | | | | | |
(a)
| Table presents information for one security: Constellation Software, Inc. which has been valued at 0.00 CAD throughout the period. |
PTBD
| | | | | | | | | | | | | | | | |
Corporate Bonds | | | $— | | | $173,981,177 | | | $— | | | $— | | | $173,981,177 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 16,376,878 | | | 16,376,878 |
Total Investments in Securities | | | $— | | | $173,981,177 | | | $— | | | $16,376,878 | | | $190,358,055 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
PTLC
| | | | | | | | | | | | | | | | |
Common Stocks | | | $3,082,761,320 | | | $— | | | $— | | | $— | | | $3,082,761,320 |
Real Estate Investment Trusts | | | 67,420,020 | | | — | | | — | | | — | | | 67,420,020 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 31,168,328 | | | 31,168,328 |
Total Investments in Securities | | | $3,150,181,340 | | | $— | | | $— | | | $31,168,328 | | | $3,181,349,668 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
PTMC
| | | | | | | | | | | | | | | | |
Common Stocks | | | $392,980,839 | | | $— | | | $— | | | $— | | | $392,980,839 |
Real Estate Investment Trusts | | | 30,870,342 | | | — | | | — | | | — | | | 30,870,342 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 50,916,252 | | | 50,916,252 |
Total Investments in Securities | | | $423,851,181 | | | $— | | | $— | | | $50,916,252 | | | $474,767,433 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
COWZ
| | | | | | | | | | | | | | | | |
Common Stocks | | | $24,875,035,814 | | | $— | | | $— | | | $— | | | $24,875,035,814 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 485,605,337 | | | 485,605,337 |
Total Investments in Securities | | | $24,875,035,814 | | | $— | | | $— | | | $485,605,337 | | | $25,360,641,151 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
BUL
| | | | | | | | | | | | | | | | |
Common Stocks | | | $63,989,772 | | | $— | | | $— | | | $— | | | $63,989,772 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 3,730,702 | | | 3,730,702 |
Total Investments in Securities | | | $63,989,772 | | | $— | | | $— | | | $3,730,702 | | | $67,720,474 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
PEXL
| | | | | | | | | | | | | | | | |
Common Stocks | | | $63,444,596 | | | $— | | | $— | | | $— | | | $63,444,596 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 6,478,252 | | | 6,478,252 |
Total Investments in Securities | | | $63,444,596 | | | $— | | | $— | | | $6,478,252 | | | $69,922,848 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
COWG
| | | | | | | | | | | | | | | | |
Common Stocks | | | $260,923,382 | | | $— | | | $— | | | $— | | | $260,923,382 |
Total Investments in Securities | | | $260,923,382 | | | $— | | | $— | | | $— | | | $260,923,382 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
CALF
| | | | | | | | | | | | | | | | |
Common Stocks | | | $9,955,456,438 | | | $— | | | $— | | | $— | | | $9,955,456,438 |
Investments Purchased with Proceeds from Securities Lending | | | — | | | — | | | — | | | 1,243,009,731 | | | 1,243,009,731 |
Total Investments in Securities | | | $9,955,456,438 | | | $— | | | $— | | | $1,243,009,731 | | | $11,198,466,169 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
CAFG
| | | | | | | | | | | | | | | | |
Common Stocks | | | $17,548,448 | | | $— | | | $— | | | $— | | | $17,548,448 |
Total Investments in Securities | | | $17,548,448 | | | $— | | | $— | | | $— | | | $17,548,448 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts. |
PWS
| | | | | | | | | | | | | | | | |
Common Stocks | | | $15,657,794 | | | $— | | | $— | | | $— | | | $15,657,794 |
Real Estate Investment Trusts | | | 3,618,869 | | | — | | | — | | | — | | | 3,618,869 |
Contingent Value Rights | | | — | | | — | | | 0 | | | — | | | — |
Total Investments in Securities | | | $19,276,663 | | | $— | | | $— | | | $— | | | $19,276,663 |
| | | | | | | | | | | | | | | | |
^
| See Schedule of Investments for sector breakouts.
|
The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:
| | | | | | | | | | | | | | | | | | | | | | | | | |
Rights | | | $ — | | | $ — | | | $ — | | | $ — | | | $ — | | | $ — | | | $ — | | | $ — |
| | | | | | | | | | | | | | | | | | | | | | | | | |
The following is a summary of quantitative information about Level 3 Fair Value Measurements:
| | | | | | | | | | | | | |
Rights | | | $ — | | | Acquisition Price | | | Stale Data | | | $0.00 |
Rights | | | $— | | | Acquisition Price | | | Stale Data | | | $0.00 |
| | | | | | | | | | | | | |
(a)
| Table presents information for two securities, Abiomed, Inc. has been valued at $0.00 and Bristol—Myers Squibb Co. has been valued at $0.00 throughout the period. |
^
| See Schedule of Investments for sector breakouts. |
B.
| Foreign Currency. Investment securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at the date of valuation. Purchases and sales of investment securities and income and expense items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. The Funds do not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss from investments. The Funds report net realized foreign exchange gains or losses that arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on foreign currency transactions, and the differences between the amounts of dividends, interest and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates. |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
C.
| Federal Income Taxes. The Funds have complied and intend to continue to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended, necessary to qualify as regulated investment companies and distribute substantially all net taxable investment income and net realized gains to shareholders in a manner which results in no tax cost to the Funds. Therefore, no federal income tax provision is required. As of and during the fiscal period/year ended April 30, 2024, the Funds did not have any tax positions that did not meet the “more-likely- than-not” threshold of being sustained by the applicable tax authority. As of and during the fiscal period/year ended April 30, 2024, the Funds did not have liabilities for any unrecognized tax benefits on uncertain tax positions as income tax expense in the Statement of Operations. Management has analyzed each of the Fund’s tax positions and concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions taken on returns filed for open tax years (2021-2023) or expected to be taken in each of the Fund’s 2024 tax returns. During the year/period ended April 30, 2024, the Funds did not incur any interest or penalties. |
D.
| Security Transactions and Investment Income. Investment securities transactions are accounted for on the trade date. Gains and losses realized on sales of securities are computed on the basis of highest amortized cost. Dividend income is recorded on the ex-dividend date. Interest income is recorded on an accrual basis. Discounts and premiums on securities purchased are accreted and amortized over the lives of the respective securities. Withholding taxes on foreign dividends have been provided for in accordance with the Funds’ understanding of the applicable tax rules and regulations. |
Distributions received from a Fund’s investments in Real Estate Investment Trusts (“REIT”) may be characterized as ordinary income, net capital gain, or a return of capital. The proper characterization of REIT distributions is generally not known until after the end of each calendar year. As such, the Funds must use estimates in reporting the character of their income and distributions for financial statement purposes. The actual character of distributions to the Fund’s shareholders will be reflected on the Form 1099 received by shareholders after the end of the calendar year. Due to the nature of REIT investments, a portion of the distributions received by the Fund’s shareholders may represent a return of capital.
E.
| Distributions to Shareholders. Distributions to shareholders from net investment income for PTLC, PTMC, PTNQ, PTEU, PTIN and TRND, are declared and paid on an annual basis. COWZ, CALF, GCOW, ICOW, ECOW, COWG, CAFG, BUL, HERD, PWS, INDS, SRVR, SZNE, ALTL, PAMC, PALC, PEXL, TRFK, SHPP, QQQG, PATN and GLBL are declared and paid on a quarterly basis. PTBD and FLRT are declared and paid on a monthly basis. The net realized gains on securities normally are declared and paid on an annual basis for all Funds. Distributions are recorded on the ex-dividend date. |
F.
| Use of Estimates. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. |
G.
| Share Valuation. The NAV per share of each Fund is calculated by dividing the sum of the value of the securities held by the Fund, plus cash and other assets, minus all liabilities (including estimated accrued expenses) by the total number of shares outstanding for the Fund, rounded to the nearest cent. Each Fund’s shares will not be priced on the days on which the NYSE is closed for trading. The offering and redemption price per share for each Fund is equal to the Fund’s net asset value per share. |
H.
| Guarantees and Indemnifications. In the normal course of business, the Funds enter into contracts with service providers that contain general indemnification clauses. Each Fund’s maximum exposure under these arrangements is unknown as this would involve future claims that may be against the Funds that have not yet occurred. |
I.
| Reclassification of Capital Accounts. Additionally, U.S. GAAP requires that certain components of net assets relating to permanent differences be reclassified between financial and tax reporting. These reclassifications have no effect on net assets or net asset value per share. For the fiscal period/year ended April 30, 2024, the following table shows the reclassifications made: |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
| | | | | | | |
PTLC | | | $(12,168,879) | | | $12,168,879 |
PTMC | | | (1,888,737) | | | 1,888,737 |
PTNQ | | | (44,667,244) | | | 44,667,244 |
PTEU | | | (737,761) | | | 737,761 |
PTIN | | | (747,358) | | | 747,358 |
PTBD | | | (444,405) | | | 444,405 |
TRND | | | (1,298,824) | | | 1,298,824 |
COWZ | | | (866,093,044) | | | 866,093,044 |
CALF | | | (217,443,133) | | | 217,443,133 |
GCOW | | | (9,848,366) | | | 9,848,366 |
ICOW | | | (22,307,725) | | | 22,307,725 |
ECOW | | | — | | | — |
COWG | | | (4,168,391) | | | 4,168,391 |
CAFG | | | (491,388) | | | 491,388 |
BUL | | | (2,345,464) | | | 2,345,464 |
HERD | | | (2,475,114) | | | 2,475,114 |
PWS | | | (428,196) | | | 428,196 |
INDS | | | (137,585) | | | 137,585 |
SRVR | | | 21,552,673 | | | (21,552,673) |
SZNE | | | (7,642,905) | | | 7,642,905 |
PAMC | | | (5,085,174) | | | 5,085,174 |
PALC | | | (47,189,312) | | | 47,189,312 |
PEXL | | | (3,088,487) | | | 3,088,487 |
FLRT | | | — | | | — |
SHPP | | | — | | | — |
TRFK | | | (114,611) | | | 114,611 |
| | | | | | | |
QQQG, PATN and GLBL commenced operations after April 30, 2024.
During the fiscal year/period ended April 30, 2024, the Funds’ realized the following net capital gains/(losses) resulting from in-kind redemptions, in which shareholders exchanged Fund shares for securities held by the Fund rather than for cash. Because such gains are not taxable to the Fund, and are not distributed to shareholders, they have been reclassified from accumulated net realized losses to paid- in-capital.
| | | | |
PTLC | | | $15,477,025 |
PTMC | | | 2,724,049 |
PTNQ | | | 44,843,094 |
PTEU | | | (230,162) |
PTIN | | | 1,017,901 |
PTBD | | | 444,405 |
TRND | | | 1,420,611 |
COWZ | | | 902,699,272 |
CALF | | | 220,578,371 |
GCOW | | | 10,477,781 |
ICOW | | | 22,708,144 |
ECOW | | | — |
COWG | | | 4,356,668 |
| | | | |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
| | | | |
CAFG | | | $508,608 |
BUL | | | 2,435,139 |
HERD | | | 2,561,250 |
PWS | | | 506,058 |
INDS | | | 637,413 |
SRVR | | | (8,036,393) |
SZNE | | | 7,698,818 |
ALTL | | | 14,731,884 |
PAMC | | | 5,144,555 |
PALC | | | 48,417,971 |
PEXL | | | 3,259,712 |
FLRT | | | — |
SHPP | | | 637,413 |
TRFK | | | 115,344 |
| | | | |
NOTE 3 – COMMITMENTS AND OTHER RELATED PARTY TRANSACTIONS
Pacer Advisors, Inc. (“the Adviser”) serves as the investment adviser to the Funds. Pursuant to an Investment Advisory Agreement (“Investment Advisory Agreement”) between the Trust, on behalf of the Funds, and the Adviser, the Adviser provides investment advice to the Funds and oversees the day-to-day operations of the Funds, subject to the direction and control of the Board and the officers of the Trust. The Adviser administers the Funds’ business affairs, provides office facilities and equipment and certain clerical, bookkeeping and administrative services. The Adviser bears the costs of all advisory and non-advisory services required to operate the Funds, in exchange for a single unitary management fee. For services provided to the Funds, the Funds pay the Adviser at the following annual rates based on each Fund’s average daily net assets:
| | | | |
PTLC | | | 0.60% |
PTMC | | | 0.60% |
PTNQ | | | 0.65% |
PTEU | | | 0.65% |
PTIN | | | 0.65% |
PTBD | | | 0.60% |
TRND | | | 0.15% |
COWZ | | | 0.49% |
CALF | | | 0.59% |
GCOW | | | 0.60% |
ICOW | | | 0.65% |
ECOW | | | 0.70% |
COWG | | | 0.49% |
CAFG | | | 0.59% |
BUL | | | 0.60% |
HERD | | | 0.15% |
PWS | | | 0.60% |
INDS | | | 0.60% |
SRVR | | | 0.60% |
SZNE | | | 0.60% |
ALTL | | | 0.60% |
| | | | |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
| | | | |
PAMC | | | 0.60% |
PALC | | | 0.60% |
PEXL | | | 0.60% |
FLRT | | | 0.60% |
SHPP | | | 0.60% |
TRFK | | | 0.60% |
QQQG | | | 0.49% |
PATN | | | 0.65% |
GLBL | | | 0.65% |
| | | | |
The Adviser has overall responsibility for overseeing the investment of the Funds’ assets, managing the Funds’ business affairs and providing certain clerical, bookkeeping and other administrative services for the Trust. Vident Asset Management (“Vident”) serves as the sub-adviser to PTBD and Aristotle Pacific Capital, LLC (“Aristotle Pacific”) serves as the sub-adviser to FLRT. Each sub-adviser has responsibility for selecting and continuously monitoring their respective Fund(s) investments. Sub-Advisory fees earned by Vident and Aristotle Pacific are paid by the Adviser.
Effective November 1, 2023, pursuant to a contractual agreement between the Trust on behalf of each INDS and SRVR, the Adviser shall waive a portion of its advisory fee under the Advisory Agreement with respect to each Fund which limits each Fund’s total operating expenses (exclusive of any Rule 12b-1 fees, taxes, interest, brokerage fees, acquired fund fees and expenses, expenses incurred in connection with any merger, reorganization, or proxy solicitation, litigation, and other extraordinary expenses) to not more than 0.55% of the average daily net assets of each Fund. For the year ended April 30, 2024, the Adviser’s management fee was reduced by $104,738 and $235,501 in INDS and SRVR, respectively. This contractual agreement expires on October 31, 2024. The Adviser is not entitled to recoup any fees that have been previously waived.
Pursuant to a Sub-Advisory Agreement between the Adviser and Vident (the “Sub-Advisory Agreement”), Vident is responsible for the day-to-day management of the Fund, including the trading of portfolio securities for the Fund. Vident is responsible for selecting broker-dealers to execute purchase and sale transactions or in connection with any rebalancing or reconstitutions of the Index, subject to the supervision of the Adviser and the Board. For the services it provides to PTBD, Vident is compensated by the Adviser from the management fees paid by PTBD to the Adviser.
Effective April 12, 2023 and pursuant to a Sub-Advisory Agreement between the Adviser and the Aristotle Pacific (the “Sub-Advisory Agreement”), Aristotle Pacific is responsible for the day-to-day management of FLRT, including selecting broker-dealers to execute purchase and sale transactions, subject to the supervision of the Adviser and the Board. For the services it provides to FLRT, Aristotle Pacific is compensated by the Adviser from the management fees paid by FLRT to the Adviser. Prior to April 12, 2023, pursuant to a Sub-Advisory Agreement between the Adviser and the Pacific Asset Management LLC (Pacific Asset), Pacific Asset was responsible for trading portfolio securities on behalf of FLRT, including selecting broker-dealers to execute purchase and sale transactions, subject to the supervision of the Adviser and the Board. For the services they provided to FLRT, Pacific Asset was compensated by the Adviser from the management fees paid by FLRT to the Adviser.
The Distributor acts as the Funds’ principal underwriter in a continuous public offering of the Funds’ shares. The Distributor is an affiliate of the Adviser. The Funds did not pay any fees or commissions to the Distributor during the fiscal year/period ended October 31, 2024.
Certain officers and a Trustee of the Trust are affiliated with the Adviser and Distributor.
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
NOTE 4 – SERVICE AND CUSTODY AGREEMENTS
The Funds have entered into Service Agreements with U.S. Bancorp Fund Services, LLC (“Fund Services” or “Administrator”) doing business as U.S. Global Fund Services and a Custody Agreement with U.S. Bank, N.A. (the “Custodian”), an affiliate of Fund Services. Under these agreements, Fund Services and the Custodian provide certain transfer agency, administrative, accounting and custody services. The Custodian acts as securities lending agent (the “Securities Lending Agent”) for the Funds.
NOTE 5 – SECURITIES LENDING
The Funds may lend up to 33 1/3% of the value of the securities in their portfolios to brokers, dealers and financial institutions (but not individuals) under terms of participation in a securities lending program administered by the Securities Lending Agent. The securities lending agreement requires that loans are collateralized at all times in an amount equal to at least 102% of the value of any domestic loaned securities at the time of the loan, plus accrued interest. The use of loans of foreign securities, which are denominated and payable in U.S. dollars, shall be collateralized in an amount equal to 105% of the value of any loaned securities at the time of the loan plus accrued interest. The Funds receive compensation in the form of fees and earn interest on the cash collateral. Due to timing issues of when a security is recalled from loan, the financial statements may differ in presentation. The amount of fees depends on a number of factors including the type of security and length of the loan. The Funds continue to receive interest payments or dividends on the securities loaned during the borrowing period. Gain or loss in the value of securities loaned that may occur during the term of the loan will be for the account of the Funds. The Funds have the right under the terms of the securities lending agreements to recall the securities from the borrower on demand.
As of October 31, 2024, the Funds in following table had loaned securities and received cash collateral for the loans. The cash collateral is invested in the Mount Vernon Liquid Assets Portfolio, LLC of which the investment objective is to seek to maximize income to the extent consistent with the preservation of capital and liquidity and maintain a stable Net Asset Value (“NAV”) of $1.00. Although risk is mitigated by the collateral, the Funds could experience a delay in recovering their securities and possible loss of income or value if the borrower fails to return the borrowed securities. In addition, the Funds bear the risk of loss associated with the investment of cash collateral received.
During the year/period ended October 31, 2024, the Funds (excluding TRND, COWG, CAFG, HERD, FLRT, TRFK, and SHPP) had loaned securities that were collateralized by cash. The cash collateral received was invested in securities as listed in each Fund’s Schedule of Investments. Income earned from these investments is allocated to each Fund based on each Fund’s portion of total cash collateral received. Securities lending income is disclosed in each Fund’s Statement of Operations, as applicable.
NOTE 6 – SECURED BORROWINGS
The following represents gross obligations for secured borrowings by remaining time to maturity as of October 31, 2024.
Securities Lending Transactions
| | | | |
HERD | | | $— |
SZNE | | | 4,182,473 |
SRVR | | | 34,949,187 |
TRFK | | | — |
ICOW | | | 46,961,686 |
ECOW | | | 5,872,998 |
GCOW | | | 153,159,631 |
INDS | | | 12,785,723 |
| | | | |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
| | | | |
SHPP | | | $— |
ALTL | | | 6,346,271 |
PALC | | | 4,834,392 |
PAMC | | | 11,855,806 |
GLBL | | | — |
QQQG | | | — |
PATN | | | — |
FLRT | | | — |
PTNQ | | | 20,918,650 |
PTEU | | | 2,998,249 |
TRND | | | — |
PTIN | | | 27,401,493 |
PTBD | | | 16,376,878 |
PTLC | | | 32,168,328 |
PTMC | | | 50,916,252 |
COWZ | | | 485,605,336 |
BUL | | | 3,730,702 |
PEXL | | | 6,478,252 |
COWG | | | — |
CALF | | | 494,317,218 |
CAFG | | | — |
PWS | | | — |
| | | | |
*
| Proceeds from securities lending (Investments Purchased with Proceeds from Securities Lending Collateral). |
Due to the absence of a master netting agreement related to the Funds’ participation in securities lending, no additional offsetting disclosures have been made on behalf of the Funds for the total borrowings listed above.
NOTE 7 – OFFSETTING ASSETS AND LIABILITIES
The following is a summary of the Assets and Liabilities for each Fund subject to offsets as of October 31, 2024:
Liabilities
| | | | | | | | | | | | | | |
HERD
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | $— | | | $ — | | | $— | | | $— | | | $ — | | | $ — |
SZNE
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 4,182,473 | | | — | | | 4,182,473 | | | 4,182,473 | | | — | | | — |
SRVR
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 34,949,187 | | | — | | | 34,949,187 | | | 34,949,187 | | | — | | | — |
TRFK
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | — | | | — | | | — | | | — | | | — | | | — |
ICOW
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 46,961,686 | | | — | | | 46,961,686 | | | 46,961,686 | | | — | | | — |
| | | | | | | | | | | | | | | | | | | |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
| | | | | | | | | | | | | | |
ECOW
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | $5,872,998 | | | $ — | | | $5,872,998 | | | $5,872,998 | | | $ — | | | $ — |
GCOW
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 153,159,631 | | | — | | | 153,159,631 | | | 153,159,631 | | | — | | | — |
INDS
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 12,785,723 | | | — | | | 12,785,723 | | | 12,785,723 | | | — | | | — |
SHPP
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | — | | | — | | | — | | | — | | | — | | | — |
ALTL
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 6,346,271 | | | — | | | 6,346,271 | | | 6,346,271 | | | — | | | — |
PALC
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 4,834,392 | | | — | | | 4,834,392 | | | 4,834,392 | | | — | | | — |
PAMC
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 11,855,806 | | | — | | | 11,855,806 | | | 11,855,806 | | | — | | | — |
GLBL
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | — | | | — | | | — | | | — | | | — | | | — |
QQQG
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | — | | | — | | | — | | | — | | | — | | | — |
PATN
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | — | | | — | | | — | | | — | | | — | | | — |
FLRT
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | — | | | — | | | — | | | — | | | — | | | — |
PTNQ
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 20,918,650 | | | — | | | 20,918,650 | | | 20,918,650 | | | — | | | — |
PTEU
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 2,998,249 | | | — | | | 2,998,249 | | | 2,998,249 | | | — | | | — |
TRND
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | — | | | — | | | — | | | — | | | — | | | — |
PTIN
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 27,401,493 | | | — | | | 27,401,493 | | | 27,401,493 | | | — | | | — |
PTBD
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 16,376,878 | | | — | | | 16,376,878 | | | 16,376,878 | | | — | | | — |
PTLC
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 32,168,328 | | | — | | | 32,168,328 | | | 32,168,328 | | | — | | | — |
PTMC
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 50,916,252 | | | — | | | 50,916,252 | | | 50,916,252 | | | — | | | — |
COWZ
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 485,605,336 | | | — | | | 485,605,336 | | | 485,605,336 | | | — | | | — |
BUL
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 3,730,702 | | | — | | | 3,730,702 | | | 3,730,702 | | | — | | | — |
PEXL
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | 6,478,252 | | | — | | | 6,478,252 | | | 6,478,252 | | | — | | | — |
COWG
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | — | | | — | | | — | | | — | | | — | | | — |
| | | | | | | | | | | | | | | | | | | |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
| | | | | | | | | | | | | | |
CALF
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | $494,317,218 | | | $ — | | | $494,317,218 | | | $494,317,218 | | | $ — | | | $ — |
CAFG
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | — | | | — | | | — | | | — | | | — | | | — |
PWS
| | | | | | | | | | | | | | | | | | |
Securities Lending | | | — | | | — | | | — | | | — | | | — | | | — |
| | | | | | | | | | | | | | | | | | | |
NOTE 8 – INVESTMENT TRANSACTIONS
For the year/period ended October 31, 2024, the aggregate purchases and sales of securities by the Funds, excluding short-term securities and in-kind transactions, the in-kind transactions associated with creations and redemptions, and the long-term purchases and sales of U.S. Government Securities were as follows:
| | | | | | | | | | | | | | | | | | | |
HERD | | | $1,866,021 | | | $1,999,037 | | | $7,622,424 | | | $13,444,349 | | | $— | | | $— |
SZNE | | | 37,465,415 | | | 37,872,214 | | | — | | | 5,669,737 | | | — | | | — |
SRVR | | | 88,177,992 | | | 88,922,983 | | | 8,181,457 | | | 52,827,871 | | | — | | | — |
TRFK | | | 10,064,304 | | | 10,171,111 | | | 9,024,967 | | | — | | | — | | | — |
ICOW | | | 575,174,903 | | | 598,119,566 | | | 136,639,954 | | | 155,142,711 | | | — | | | — |
ECOW | | | 48,255,207 | | | 44,406,598 | | | 19,405,486 | | | 16,177,969 | | | — | | | — |
GCOW | | | 539,551,302 | | | 539,673,862 | | | 306,317,483 | | | 239,856,556 | | | — | | | — |
INDS | | | 14,512,945 | | | 13,675,837 | | | — | | | 34,497,067 | | | — | | | — |
SHPP | | | 219,512 | | | 233,144 | | | — | | | — | | | — | | | — |
ALTL | | | 86,546,645 | | | 86,953,765 | | | — | | | 75,077,632 | | | — | | | — |
PALC | | | 537,664,071 | | | 536,366,657 | | | 117,721,842 | | | 103,974,525 | | | — | | | — |
PAMC | | | 127,898,861 | | | 127,612,117 | | | 32,868,730 | | | 30,817,484 | | | — | | | — |
GLBL | | | 3,095 | | | 2,475 | | | 802,753 | | | — | | | — | | | — |
QQQG | | | 46,614 | | | — | | | 2,016,444 | | | — | | | — | | | — |
PATN | | | 257,866 | | | — | | | 545,094 | | | — | | | — | | | — |
FLRT | | | 221,771,493 | | | 80,329,440 | | | — | | | — | | | — | | | — |
PTNQ | | | 4,629,786 | | | 3,999,799 | | | 22,031,542 | | | 3,862,890 | | | — | | | — |
PTEU | | | 3,079,969 | | | 2,652,556 | | | — | | | 10,389,585 | | | — | | | — |
TRND | | | 1,680,569 | | | 1,382,078 | | | 1,680,524 | | | 3,152,113 | | | — | | | — |
PTIN | | | 15,297,522 | | | 13,977,232 | | | 5,848,860 | | | 14,937,334 | | | — | | | — |
PTBD | | | 539,573,906 | | | 538,203,506 | | | 13,130,950 | | | 18,095,747 | | | 284,534,961 | | | 284,238,357 |
PTLC | | | 56,057,529 | | | 45,046,206 | | | 184,523,880 | | | 17,170,872 | | | — | | | — |
PTMC | | | 41,337,858 | | | 39,381,957 | | | 19,347,058 | | | 13,913,145 | | | — | | | — |
COWZ | | | 13,430,540,548 | | | 13,554,477,061 | | | 10,141,736,564 | | | 8,607,050,659 | | | — | | | — |
BUL | | | 28,085,459 | | | 27,618,197 | | | 45,485,553 | | | 35,255,311 | | | — | | | — |
PEXL | | | 21,087,188 | | | 20,879,630 | | | 17,207,936 | | | 17,453,037 | | | — | | | — |
COWG | | | 114,902,538 | | | 112,394,428 | | | 122,598,909 | | | 17,521,757 | | | — | | | — |
CALF | | | 4,997,859,496 | | | 5,126,355,593 | | | 1,787,233,406 | | | 2,167,300,736 | | | — | | | — |
CAFG | | | 10,378,154 | | | 10,262,661 | | | 10,319,537 | | | 3,218,435 | | | — | | | — |
PWS | | | 53,894,932 | | | 50,397,100 | | | — | | | 1,456,902 | | | 20,428,948 | | | 19,547,595 |
| | | | | | | | | | | | | | | | | | | |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
NOTE 9 – TRANSACTIONS WITH AFFILIATED SECURITIES
The Pacer Trendpilot Fund of Funds Index uses an objective, rules-based approach to construct a portfolio that, as of each quarterly rebalance, is composed of the ETFs listed in the following table, each advised by the Adviser (collectively, the “Trendpilot ETFs”). Each of the Trendpilot ETFs is an index-based ETF that seeks to track the total return performance, before fees and expenses, of the underlying index listed in the following table (collectively, the “Trendpilot Indexes”). Each Trendpilot Index other than the Pacer Trendpilot US Bond Index (collectively, the “Trendpilot Equity Indexes”) uses an objective, rules-based methodology to implement a systematic trend-following strategy that directs exposure (i) 100% to the “Underlying Component” specified in the table below, (ii) 50% to the applicable Underlying Component and 50% to 3-Month US Treasury bills, or (iii) 100% to 3-Month US Treasury bills, depending on the relative performance of the Underlying Component and its 200-business day historical simple moving average (the “200-day moving average”). The calculation of the 200-day moving average for each Underlying Component is based on the total return version of such Underlying Component and reflects the reinvestment of dividends paid by the securities in such Underlying Component.
The Pacer Trendpilot US Bond Index (the “Trendpilot Bond Index”) uses an objective, rules-based methodology to implement a systematic trend-following strategy that directs exposure to one of the following positions: (i) 100% to the iBoxx USD Liquid High Yield Index, (ii) 50% to the iBoxx USD Liquid High Yield Index and 50% to the iBoxx USD Treasuries 7-10 Year Index or (iii) 100% to iBoxx USD Treasuries 7-10 Year Index,, depending on the value of the iBoxx USD Liquid High Yield Index divided by the value of the iBoxx USD Treasuries 7-10 Year Index (the “Risk Ratio”).
| | | | | | | | | | |
20% | | | Paer Trendpilot® US Large Cap ETF | | | Pacer Trendpilot® US Large Cap Index | | | S&P 500® Index |
20% | | | Pacer Trendpilot® US Mid Cap ETF | | | Pacer Trendpilot® US Mid Cap Index | | | S&P MidCap 400® Index |
20% | | | Pacer Trendpilot® 100 ETF | | | Pacer NASDAQ-100 Trendpilot® Index | | | NASDAQ-100® Index |
20% | | | Pacer Trendpilot® International ETF | | | Pacer Trendpilot® International Index | | | S&P Developed Ex-US Large Cap Index |
20% | | | Pacer Trendpilot® US Bond ETF | | | Pacer Trendpilot® US Bond Index | | | iBoxx USD Liquid High Yield Index |
| | | | | | | | | | |
TRND had the following transactions during the current fiscal period with affiliates:
| | | | |
PTBD | | | 508,593 | | | 42,451 | | | (32,707) | | | 518,337 |
PTIN | | | 356,544 | | | 22,481 | | | (29,627) | | | 349,398 |
PTLC | | | 218,565 | | | 7,475 | | | (22,533) | | | 203,507 |
PTMC | | | 292,679 | | | 20,421 | | | (24,019) | | | 289,081 |
PTNQ | | | 150,803 | | | 9,357 | | | (14,732) | | | 145,428 |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
PTBD | | | $ 10,434,124 | | | $294,151 | | | $(11,714) | | | $91,974 |
PTIN | | | 10,286,277 | | | — | | | 127,722 | | | 343,388 |
PTLC | | | 10,588,469 | | | — | | | 312,638 | | | 966,796 |
PTMC | | | 10,655,526 | | | — | | | 101,848 | | | 762,319 |
PTNQ | | | 10,627,878 | | | — | | | 314,581 | | | 531,427 |
Total | | | 52,592,274 | | | 294,151 | | | 845,075 | | | 2,695,904 |
| | | | | | | | | | | | | |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
The Pacer Cash Cows Fund of Funds Index uses an objective, rules-based approach to construct a portfolio that, as of each quarterly rebalance, is composed of the ETFs listed in the following table, each advised by the Adviser (collectively, the “Cash Cows ETFs”). Each of the Cash Cows ETFs is an index-based ETF that seeks to track the total return performance, before fees and expenses, of the applicable underlying index listed in the following table (collectively, the “Cash Cows Indexes”). Each Cash Cows Index uses an objective, rules-based methodology to provide exposure to companies with high free cash flow yields (commonly referred to as “cash cows”) selected from the applicable “Equity Universe” as indicated in the following table.
| | | | | | | | | | |
20% | | | Pacer US Cash Cows 100 ETF | | | Pacer US Cash Cows 100 ETF Index | | | Russell 1000 Index |
20% | | | Pacer Global Cash Cows Dividend ETF | | | Pacer Global Cash Cows Dividend Index | | | FTSE Developed Large Cap Index |
20% | | | Pacer US Small Cap Cash Cows 100 ETF | | | Pacer US Small Cap Cash Cows 100 Index | | | S&P Small Cap 600® Index |
20% | | | Pacer US Cash Cows Growth ETF | | | Pacer US Cash Cows Growth Index | | | S&P 900® Pure Growth Index |
20% | | | Pacer Developed Markets International
Cash Cows 100 ETF | | | Pacer Developed Markets International
Cash Cows 100 Index | | | FTSE Developed ex US Index |
| | | | | | | | | | |
HERD had the following transactions during the current fiscal period with affiliates:
| | | | |
BUL | | | 460,089 | | | 35,071 | | | (94,353) | | | 400,807 |
CALF | | | 402,486 | | | 60,959 | | | (58,104) | | | 405,341 |
COWZ | | | 339,100 | | | 32,342 | | | (47,756) | | | 323,686 |
GCOW | | | 563,787 | | | 44,218 | | | (95,831) | | | 512,174 |
ICOW | | | 609,263 | | | 61,952 | | | (85,795) | | | 585,420 |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
BUL | | | $ 18,367,582 | | | $28,995 | | | $588,956 | | | $1,760,570 |
CALF | | | 17,956,606 | | | 98,086 | | | 446,974 | | | (1,023,066) |
COWZ | | | 18,424,207 | | | 177,414 | | | 479,638 | | | 208,386 |
GCOW | | | 18,049,012 | | | 552,198 | | | 291,078 | | | 360,914 |
ICOW | | | 17,717,736 | | | 657,152 | | | 309,263 | | | (988,750) |
Total | | | 90,515,143 | | | 1,513,845 | | | 2,115,909 | | | 318,054 |
| | | | | | | | | | | | | |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
NOTE 10 – TAX COST BASIS
The components of tax basis cost of investments and net unrealized appreciation for federal income tax purposes at April 30, 2024 were as follows:
| | | | | | | | | | | | | | | | |
Tax cost of Investments | | | $2,386,659,462 | | | $439,038,457 | | | $1,381,941,633 | | | $43,061,918 | | | $171,131,414 |
Unrealized Appreciation | | | 477,115,222 | | | 42,554,637 | | | 163,190,260 | | | 3,844,667 | | | 22,323,005 |
Unrealized Depreciation | | | (150,472,765) | | | (10,690,572) | | | (17,076,404) | | | (1,548,761) | | | (10,702,112) |
Net unrealized appreciation (depreciation) | | | 326,642,457 | | | 31,864,065 | | | 146,113,856 | | | 2,295,906 | | | 11,620,893 |
Undistributed Ordinary
income | | | 6,125,009 | | | 1,036,862 | | | 8,554,710 | | | 265,048 | | | 1,788,565 |
Undistributed Long-term capital gain | | | — | | | — | | | — | | | — | | | — |
Distributable earnings | | | 6,125,009 | | | 1,036,862 | | | 8,554,710 | | | 265,048 | | | 1,788,565 |
Other accumulated gain/(loss) | | | (232,872,513) | | | (131,894,301) | | | (28,967,506) | | | (48,776,568) | | | (20,649,742) |
Total accumulated gain/(loss) | | | $99,894,953 | | | $(98,993,374) | | | $125,701,060 | | | $(46,215,614) | | | $(7,240,284) |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Tax cost of Investments | | | $195,470,224 | | | $48,524,276 | | | $21,986,753,752 | | | $10,138,174,414 | | | $2,103,792,967 |
Unrealized Appreciation | | | 3,600,618 | | | 5,423,537 | | | 2,666,911,885 | | | 883,492,050 | | | 169,054,460 |
Unrealized Depreciation | | | (2,686,881) | | | (3,723,420) | | | (975,237,163) | | | (651,770,789) | | | (141,072,794) |
Net unrealized appreciation (depreciation) | | | 913,737 | | | 1,700,117 | | | 1,691,674,722 | | | 231,721,261 | | | 27,981,666 |
Undistributed Ordinary
income | | | 261,706 | | | 213,638 | | | 35,837,423 | | | 5,109,271 | | | 19,479,603 |
Undistributed Long-term capital gain | | | — | | | — | | | — | | | — | | | — |
Distributable earnings | | | 261,706 | | | 213,638 | | | 35,837,423 | | | 5,109,271 | | | 19,479,603 |
Other accumulated gain/(loss) | | | (261,447,133) | | | (943,934) | | | (535,356,974) | | | (19,868,791) | | | (29,425,854) |
Total accumulated gain/(loss) | | | $(260,271,690) | | | $969,821 | | | $1,192,155,171 | | | $216,961,741 | | | $18,035,415 |
| | | | | | | | | | | | | | | | |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
| | | | | | | | | | | | | | | | |
Tax cost of Investments | | | $1,482,476,202 | | | $92,409,896 | | | $118,533,125 | | | $9,229,962 | | | $48,953,355 |
Unrealized Appreciation | | | 125,974,035 | | | 13,178,422 | | | 7,986,302 | | | 455,749 | | | 5,666,320 |
Unrealized Depreciation | | | (93,523,270) | | | (9,228,952) | | | (6,342,675) | | | (520,928) | | | (1,213,693) |
Net unrealized appreciation (depreciation) | | | 32,450,765 | | | 3,949,470 | | | 1,643,627 | | | (65,179) | | | 4,452,627 |
Undistributed Ordinary
income | | | 33,029,919 | | | 2,006,284 | | | 8,895 | | | — | | | — |
Undistributed Long-term capital gain | | | — | | | — | | | — | | | — | | | — |
Distributable earnings | | | 33,029,919 | | | 2,006,284 | | | 8,895 | | | — | | | — |
Other accumulated gain/(loss) | | | (6,860,899) | | | (3,319,313) | | | (914,625) | | | (70,878) | | | (4,706,064) |
Total accumulated gain/(loss) | | | $58,619,785 | | | $2,636,441 | | | $737,897 | | | $(136,057) | | | $(253,437) |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Tax cost of Investments | | | $86,956,977 | | | $22,598,306 | | | $232,268,767 | | | $548,141,339 | | | $46,790,873 |
Unrealized Appreciation | | | 7,560,825 | | | 1,571,440 | | | 5,985,629 | | | 24,254,170 | | | 858 |
Unrealized Depreciation | | | (481,682) | | | (834,098) | | | (29,675,258) | | | (125,470,631) | | | (8,542) |
Net unrealized appreciation (depreciation) | | | 7,079,143 | | | 737,342 | | | (23,689,629) | | | (101,216,461) | | | (7,684) |
Undistributed Ordinary
income | | | — | | | 2,741 | | | 100,987 | | | 97,065 | | | 8,527 |
Undistributed Long-term capital gain | | | — | | | — | | | — | | | — | | | — |
Distributable earnings | | | — | | | 2,741 | | | 100,987 | | | 97,065 | | | 8,527 |
Other accumulated gain/(loss) | | | — | | | (27,663,504) | | | (58,275,640) | | | (263,364,797) | | | (27,412,930) |
Total accumulated gain/(loss) | | | $7,079,143 | | | $(26,923,421) | | | $(81,864,282) | | | $(364,484,193) | | | $(27,412,087) |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | |
Tax cost of Investments | | | $269,606,589 | | | $65,567,536 | | | $294,001,679 |
Unrealized Appreciation | | | 7,801,130 | | | 4,702,988 | | | 24,513,555 |
Unrealized Depreciation | | | (8,016,824) | | | (1,942,682) | | | (12,600,717) |
Net unrealized appreciation (depreciation) | | | (215,694) | | | 2,760,306 | | | 11,912,838 |
Undistributed Ordinary income | | | 428,625 | | | 11,256 | | | 170,639 |
Undistributed Long-term capital gain | | | — | | | — | | | — |
Distributable earnings | | | 428,625 | | | 11,256 | | | 170,639 |
Other accumulated gain/(loss) | | | (264,586,547) | | | (8,448,044) | | | (46,801,598) |
Total accumulated gain/(loss) | | | $(264,373,616) | | | $(5,676,482) | | | $(34,718,121) |
| | | | | | | | | | |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
| | | | | | | | | | | | | |
Tax cost of Investments | | | $63,287,707 | | | $235,327,163 | | | $1,003,838 | | | $27,295,789 |
Unrealized Appreciation | | | 7,019,663 | | | 3,200,850 | | | 144,425 | | | 3,338,029 |
Unrealized Depreciation | | | (2,155,379) | | | (536,213) | | | (96,124) | | | (1,823,398) |
Net unrealized appreciation (depreciation) | | | 4,864,284 | | | 2,664,637 | | | 48,301 | | | 1,514,631 |
Undistributed Ordinary income | | | — | | | 424,750 | | | 14,591 | | | 123,121 |
Undistributed Long-term capital gain | | | — | | | — | | | — | | | 10,279 |
Distributable earnings | | | — | | | 424,750 | | | 14,591 | | | 133,400 |
Other accumulated gain/(loss) | | | (1,039,920) | | | (3,475,284) | | | (2,328) | | | — |
Total accumulated gain/(loss) | | | $3,824,364 | | | $(385,897) | | | $60,564 | | | $1,648,031 |
| | | | | | | | | | | | | |
The difference between book and tax-basis cost is attributable to the realization for tax purposes of unrealized gains on investments in Real Estate Investment Trusts, partnerships, passive foreign investment companies and wash sales. Under tax law, certain capital and foreign currency losses realized after April 30, 2024 and within the taxable year are deemed to arise on the first business day of the Fund’s next taxable year.
At April 30, 2024, the Funds had the following capital loss carryforwards:
| | | | | | | | | | |
PTLC | | | $(120,467,978) | | | $(112,404,535) | | | Indefinite |
PTMC | | | (131,854,933) | | | — | | | Indefinite |
PTNQ | | | (12,631,202) | | | (16,336,304) | | | Indefinite |
PTEU | | | (38,076,088) | | | (10,686,286) | | | Indefinite |
PTIN | | | (16,458,290) | | | (4,176,064) | | | Indefinite |
PTBD | | | (261,236,012) | | | (211,121) | | | Indefinite |
TRND | | | (527,317) | | | (416,617) | | | Indefinite |
COWZ | | | (283,783,366) | | | (251,573,608) | | | Indefinite |
CALF | | | — | | | (19,868,791) | | | Indefinite |
GCOW | | | (3,760,510) | | | (25,665,344) | | | Indefinite |
ICOW | | | (3,301,284) | | | (3,559,615) | | | Indefinite |
ECOW | | | (2,122,928) | | | (1,196,385) | | | Indefinite |
COWG | | | (888,588) | | | (26,037) | | | Indefinite |
CAFG | | | (70,878) | | | — | | | Indefinite |
BUL | | | (4,444,605) | | | (261,459) | | | Indefinite |
HERD | | | — | | | — | | | Indefinite |
PWS | | | (27,663,504) | | | — | | | Indefinite |
INDS | | | (45,486,103) | | | (12,789,537) | | | Indefinite |
SRVR | | | (46,157,919) | | | (217,206,878) | | | Indefinite |
SZNE | | | (27,412,930) | | | — | | | Indefinite |
ALTL | | | (264,579,997) | | | (6,550) | | | Indefinite |
PAMC | | | (8,448,044) | | | — | | | Indefinite |
PALC | | | (45,573,218) | | | (1,228,380) | | | Indefinite |
PEXL | | | (949,045) | | | (90,875) | | | Indefinite |
FLRT | | | (2,891,434) | | | (583,850) | | | Indefinite |
SHPP | | | (380) | | | (1,948) | | | Indefinite |
TRFK | | | — | | | — | | | Indefinite |
| | | | | | | | | | |
QQQG, PATN and GLBL commenced operations after April 30, 2024.
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
NOTE 11 – DISTRIBUTIONS TO SHAREHOLDERS
The tax character of distributions paid by the Funds during the fiscal year/period ended October 31, 2024, was as follows:
| | | | |
HERD | | | $— |
SZNE | | | 225,006 |
SRVR | | | 6,081,583 |
TRFK | | | 154,338 |
ICOW | | | 50,698,077 |
ECOW | | | 4,264,643 |
GCOW | | | 58,379,138 |
INDS | | | 2,836,872 |
SHPP | | | 23,724 |
ALTL | | | 1,993,802 |
PALC | | | 1,430,702 |
PAMC | | | 262,733 |
GLBL | | | — |
QQQG | | | 879 |
PATN | | | — |
FLRT | | | 13,983,702 |
PTNQ | | | — |
PTEU | | | — |
TRND | | | — |
PTIN | | | — |
PTBD | | | 5,039,181 |
PTLC | | | — |
PTMC | | | — |
COWZ | | | 235,560,639 |
BUL | | | 93,621 |
PEXL | | | 159,415 |
COWG | | | 384,420 |
CALF | | | 49,868,344 |
CAFG | | | 23,428 |
PWS | | | 112,156 |
| | | | |
The tax character of distributions paid by the Funds during the fiscal year/period ended April 30, 2024 was as follows:
| | | | | | | | | | | | | |
PTLC | | | $26,415,381 | | | $ — | | | $— | | | $— |
PTMC | | | 3,237,926 | | | — | | | — | | | — |
PTNQ | | | 4,142,394 | | | — | | | — | | | — |
PTEU | | | 273,384 | | | — | | | — | | | — |
PTIN | | | 444,569 | | | — | | | — | | | — |
PTBD | | | 26,684,806 | | | — | | | — | | | — |
TRND | | | 942,758 | | | — | | | — | | | — |
| | | | | | | | | | | | | |
TABLE OF CONTENTS
Pacer Funds
NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
| | | | | | | | | | | | | |
COWZ | | | $193,788,560 | | | $ — | | | $— | | | $— |
CALF | | | 16,000,780 | | | — | | | — | | | — |
GCOW | | | 33,617,374 | | | — | | | — | | | — |
ICOW | | | 7,687,068 | | | — | | | — | | | — |
ECOW | | | 973,073 | | | — | | | — | | | — |
COWG | | | 9,399 | | | — | | | — | | | — |
BUL | | | 382,192 | | | — | | | — | | | — |
HERD | | | 584,387 | | | — | | | 117 | | | 1,841 |
PWS | | | 597,772 | | | — | | | — | | | — |
INDS | | | 6,149,407 | | | — | | | — | | | — |
SRVR | | | 18,743,593 | | | — | | | 1,717,631 | | | — |
SZNE | | | 826,693 | | | — | | | — | | | — |
ALTL | | | 9,575,595 | | | — | | | — | | | 488,359 |
PAMC | | | 410,052 | | | — | | | — | | | 20,581 |
PALC | | | 3,553,899 | | | — | | | — | | | — |
PEXL | | | 62,468 | | | — | | | — | | | — |
FLRT | | | 5,819,045 | | | — | | | — | | | — |
TRFK | | | 5,555 | | | — | | | — | | | — |
SHPP | | | 12,171 | | | — | | | — | | | — |
| | | | | | | | | | | | | |
NOTE 12 – NEW ACCOUNTING PRONOUNCEMENTS
In June 2022, the FASB issued Accounting Standards Update 2022-03, which amends Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (“ASU 2022-03”). ASU 2022-03 clarifies guidance for fair value measurement of an equity security subject to a contractual sale restriction and establishes new disclosure requirements for such equity securities. ASU 2022-03 is effective for fiscal years beginning after December 15, 2023 and for interim periods within those fiscal years, with early adoption permitted. Management is currently evaluating the impact of these amendments on the financial statements.
NOTE 13 – RISKS
On February 24, 2022, Russia commenced a military attack on Ukraine. The outbreak of hostilities between the two countries could result in more widespread conflict and could have a severe adverse effect on the region and the markets. In addition, sanctions imposed on Russia by the United States and other countries, and any sanctions imposed in the future could have a significant adverse impact on the Russian economy and related markets. The price and liquidity of investments may fluctuate widely as a result of the conflict and related events. How long such conflict and related events will last and whether it will escalate further cannot be predicted, nor its effect on the Funds.
Sector Risk. To the extent a Fund invests more heavily in particular sectors of the economy, its performance will be especially sensitive to developments that significantly affect those sectors.
| • | Industrials Sector Risk. The SHPP Fund may invest in companies in the industrials sector, and therefore the performance of the Fund could be negatively impacted by events affecting this sector. The industrials sector may be affected by changes in the supply of and demand for products and services, product obsolescence, claims for environmental damage or product liability and general economic conditions, among other factors. |
| • | Information Technology Sector Risk. The TRFK Fund may invest in companies in the information technology sector, and therefore the performance of the Fund could be negatively impacted by events affecting this sector. Market or economic factors impacting information technology companies and companies that rely heavily on technological advances could have a significant effect on the value of the Fund’s investments. The value of stocks of information technology companies and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation |
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NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
and competition, both domestically and internationally, including competition from foreign competitors with lower production costs. Stocks of information technology companies and companies that rely heavily on technology, especially those of smaller, less-seasoned companies, tend to be more volatile than the overall market. Information technology companies are heavily dependent on patent and intellectual property rights, the loss or impairment of which may adversely affect profitability.
NOTE 14 – SUBSEQUENT EVENT
Management of the Funds has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date these financial statements were issued. The evaluation did not result in any subsequent events that necessitated disclosures and/or adjustments other than below.
On November 20, 2024, the following Funds declared a distribution from ordinary income to shareholders of record as of November 21, 2024, payable November 27, 2024, as follows:
| | | | | | | |
FLRT | | | $2,316,178 | | | $0.27410395 |
PTBD | | | 834,438 | | | 0.09591244 |
| | | | | | | |
On December 26, 2024, the following Funds declared a distribution from ordinary income to shareholders of record as of December 27, 2024, payable January 2, 2025, as follows:
| | | | | | | |
SZNE | | | $113,942 | | | $0.12660222 |
SRVR | | | 472,861 | | | 0.03414159 |
TRFK | | | — | | | — |
ICOW | | | 3,845,691 | | | 0.09886095 |
ECOW | | | 2,623,429 | | | 0.55230084 |
GCOW | | | 20,326,602 | | | 0.35504982 |
INDS | | | 1,900,539 | | | 0.43194068 |
SHPP | | | 1,876 | | | 0.04690000 |
ALTL | | | 912,078 | | | 0.19614581 |
PALC | | | 1,275,801 | | | 0.17719458 |
PAMC | | | 320,865 | | | 0.21391000 |
GLBL | | | 1,271 | | | 0.03177500 |
QQQG | | | 1,103 | | | 0.00919167 |
PATN | | | 2,334 | | | 0.05835000 |
FLRT | | | 3,435,802 | | | 0.37880948 |
PTNQ | | | 26,511,031 | | | 1.44869022 |
PTEU | | | 918,289 | | | 0.83480818 |
PTIN | | | 3,741,817 | | | 0.74095386 |
PTBD | | | 1,221,918 | | | 0.15085407 |
PTLC | | | 22,354,127 | | | 0.35823921 |
PTMC | | | 3,747,410 | | | 0.32029145 |
COWZ | | | 105,400,255 | | | 0.23757524 |
BUL | | | 14,141 | | | 0.00857030 |
PEXL | | | 72,112 | | | 0.05768960 |
COWG | | | 811,410 | | | 0.05016445 |
CALF | | | 26,419,840 | | | 0.14200398 |
CAFG | | | 8,043 | | | 0.01005375 |
PWS | | | 133,961 | | | 0.20609355 |
| | | | | | | |
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NOTES TO FINANCIAL STATEMENTS
October 31, 2024 (Unaudited)(Continued)
On December 27, 2024 the following Funds declared a distribution from ordinary income to shareholders of record as of December 30, 2024, payable January 3, 2025 as follows:
| | | | | | | |
HERD | | | $378,710 | | | $0.16115319 |
TRND | | | 1,236,269 | | | 0.74925394 |
| | | | | | | |
| | | | | | | | | | | | | |
HERD | | | $1,930,353 | | | $ — | | | $ 262 | | | $ 3,388 |
SZNE | | | 614,377 | | | — | | | — | | | — |
SRVR | | | 21,236,193 | | | — | | | — | | | — |
TRFK | | | 8,801 | | | — | | | — | | | — |
ICOW | | | 31,659,355 | | | — | | | — | | | — |
ECOW | | | 3,557,922 | | | — | | | — | | | — |
GCOW | | | 103,433,974 | | | — | | | — | | | — |
INDS | | | 8,470,476 | | | — | | | — | | | — |
SHPP | | | 29,550 | | | — | | | — | | | — |
ALTL | | | 5,527,814 | | | — | | | — | | | — |
PALC | | | 2,027,944 | | | — | | | — | | | — |
PAMC | | | 258,009 | | | — | | | — | | | — |
GLBL | | | — | | | — | | | — | | | — |
QQQG | | | — | | | — | | | — | | | — |
PATN | | | — | | | — | | | — | | | — |
FLRT | | | 13,662,425 | | | — | | | — | | | — |
PTNQ | | | 15,996,062 | | | — | | | — | | | — |
PTEU | | | 1,192,866 | | | — | | | — | | | — |
TRND | | | 1,304,500 | | | — | | | — | | | — |
PTIN | | | 3,142,461 | | | — | | | — | | | — |
PTBD | | | 13,319,148 | | | — | | | — | | | — |
PTLC | | | 28,840,382 | | | — | | | — | | | — |
PTMC | | | 7,000,000 | | | — | | | — | | | — |
COWZ | | | 341,685,265 | | | — | | | — | | | — |
BUL | | | 657,918 | | | — | | | — | | | 16,317 |
PEXL | | | 199,688 | | | — | | | — | | | 7,444 |
COWG | | | 265,559 | | | — | | | — | | | — |
CALF | | | 58,323,606 | | | — | | | — | | | — |
CAFG | | | 23,563 | | | — | | | — | | | 93 |
PWS | | | 453,354 | | | — | | | — | | | — |
| | | | | | | | | | | | | |
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PACER FUNDS
ADDITIONAL INFORMATION (Unaudited)
NOTE 1 – FREQUENCY DISTRIBUTION OF PREMIUMS AND DISCOUNTS
Information regarding how often shares of each other Fund traded on the Exchange at a price above (i.e., at a premium) or below (i.e., at a discount) the NAV of the Fund is available on the Funds’ website at www.PacerETFs.com.
NOTE 2 – FEDERAL TAX INFORMATION
Qualified Dividend Income/Dividends Received Deduction/Short Term Capital Gains
For the fiscal year/period ended April 30, 2024, certain dividends paid by the Funds may be subject to a maximum tax rate of 23%, as provided for by the Tax Cuts and Jobs Act of 2017. The following are the percentage of dividends declared from ordinary income designated as qualified dividend income (“QDI”), for corporate shareholders, the percent qualifying for the corporate dividends received deduction (“DRD”), and the percentage of taxable ordinary income distributions that are designated as short-term capital gain (“STCG”) distributions under Internal Revenue Section 871(k)(2)(C) for each fund.
| | | | | | | | | | |
PTLC | | | 68.15% | | | 68.04% | | | 0.00% |
PTMC | | | 49.35% | | | 44.25% | | | 0.00% |
PTNQ | | | 27.32% | | | 20.04% | | | 0.00% |
PTEU | | | 91.62% | | | 0.79% | | | 0.00% |
PTIN | | | 99.78% | | | 2.95% | | | 0.00% |
PTBD | | | 0.00% | | | 0.00% | | | 0.00% |
TRND | | | 30.54% | | | 15.12% | | | 0.00% |
COWZ | | | 100.00% | | | 100.00% | | | 0.00% |
CALF | | | 100.00% | | | 100.00% | | | 0.00% |
GCOW | | | 88.47% | | | 24.69% | | | 0.00% |
ICOW | | | 72.82% | | | 0.00% | | | 0.00% |
ECOW | | | 63.42% | | | 0.61% | | | 0.00% |
COWG | | | 100.00% | | | 100.00% | | | 0.00% |
CAFG | | | 100.00% | | | 100.00% | | | 0.00% |
BUL | | | 100.00% | | | 100.00% | | | 0.00% |
HERD | | | 87.13% | | | 44.42% | | | 0.39% |
PWS | | | 35.50% | | | 34.08% | | | 0.00% |
INDS | | | 37.55% | | | 2.32% | | | 0.00% |
SRVR | | | 31.96% | | | 2.06% | | | 0.00% |
SZNE | | | 100.00% | | | 100.00% | | | 0.00% |
ALTL | | | 100.00% | | | 100.00% | | | 0.00% |
PAMC | | | 100.00% | | | 100.00% | | | 0.00% |
PALC | | | 100.00% | | | 100.00% | | | 0.00% |
PEXL | | | 100.00% | | | 100.00% | | | 0.00% |
FLRT | | | 0.00% | | | 0.00% | | | 0.00% |
TRFK | | | 79.47% | | | 63.95% | | | 26.71% |
SHPP | | | 72.11% | | | 23.55% | | | 0.00% |
| | | | | | | | | | |
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PACER FUNDS
ADDITIONAL INFORMATION (Unaudited)(Continued)
Foreign Tax Credit Pass Through
Pursuant to Section 853 of the Internal Revenue code, the Funds designate the following amounts as foreign taxes paid for the year/period ended April 30, 2024. Foreign taxes paid for purposes of Section 853 may be less than actual foreign taxes paid for financial statement purposes.
| | | | | | | | | | |
PTLC | | | $— | | | $— | | | $— | | | $— |
PTMC | | | — | | | — | | | — | | | — |
PTNQ | | | — | | | — | | | — | | | — |
PTEU | | | 1,357,518 | | | 209,424 | | | 0.88 | | | 0.14 |
PTIN | | | 4,323,287 | | | 461,253 | | | 0.81 | | | 0.09 |
PTBD | | | — | | | — | | | — | | | — |
TRND | | | 219,006 | | | 18,535 | | | 0.13 | | | 0.01 |
COWZ | | | — | | | — | | | — | | | — |
CALF | | | — | | | — | | | — | | | — |
GCOW | | | 80,299,989 | | | 6,392,814 | | | 1.43 | | | 0.11 |
ICOW | | | 46,841,713 | | | 4,686,257 | | | 1.05 | | | 0.11 |
ECOW | | | 4,787,424 | | | 545,107 | | | 1.01 | | | 0.11 |
COWG | | | — | | | — | | | — | | | — |
CAFG | | | — | | | — | | | — | | | — |
BUL | | | — | | | — | | | — | | | — |
HERD | | | 1,308,198 | | | 129,755 | | | 0.52 | | | 0.05 |
PWS | | | — | | | — | | | — | | | — |
INDS | | | — | | | — | | | — | | | — |
SRVR | | | — | | | — | | | — | | | — |
SZNE | | | — | | | — | | | — | | | — |
ALTL | | | — | | | — | | | — | | | — |
PAMC | | | — | | | — | | | — | | | — |
PALC | | | — | | | — | | | — | | | — |
PEXL | | | — | | | — | | | — | | | — |
FLRT | | | — | | | — | | | — | | | — |
TRFK | | | — | | | — | | | — | | | — |
SHPP | | | 22,815 | | | 3,617 | | | 0.57 | | | 0.09 |
| | | | | | | | | | | | | |
Foreign taxes paid or withheld should be included in taxable income with an offsetting deduction from gross income or as a credit for taxes paid to foreign governments.
Above figures may differ from those cited elsewhere in this report due to difference in the calculation of income and gains under GAAP purposes and Internal Revenue Service purposes.
Shareholders are strongly advised to consult their own tax advisers with respect to the tax consequences of their investments in the Funds.
NOTE 3 – DISCLOSURE OF PORTFOLIO HOLDINGS
The Funds file their complete schedule of portfolio holdings for their first and third fiscal quarters with the Securities and Exchange Commission (“SEC”) on Part F of Form N-PORT. The Funds’ Part F of Form N-PORT is available without charge, upon request, by calling toll-free at (800) 617-0004. Furthermore, you may obtain Part F of Form N-PORT on the SEC’s website at www.sec.gov. Each Fund’s portfolio holdings are posted on their website at www.paceretfs.com daily.
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PACER FUNDS
ADDITIONAL INFORMATION (Unaudited)(Continued)
NOTE 4 – PROXY VOTING POLICIES AND PROCEDURES
A description of the policies and procedures the Funds use to determine how to vote proxies relating to portfolio securities is provided in the Statement of Additional Information (“SAI”). The SAI is available without charge upon request by calling toll-free at (800) 617-0004, by accessing the SEC’s website at http://www.sec.gov, or by accessing the Funds’ website at www.paceretfs.com. Information on how the Fund voted proxies relating to portfolio securities during the year ended June 30 is available without charge, upon request, by calling (800) 617-0004 or by accessing the website of the SEC.
NOTE 5 – BOARD CONSIDERATIONS IN APPROVING THE INVESTMENT ADVISORY AGREEMENT FOR THE FUNDS
PTBD
The Board of Trustees (the “Board”) of Pacer Funds Trust (the “Trust”), including the Trustees thereof who are not “interested persons,” as defined by the Investment Company Act of 1940, as amended (the “1940 Act”), of the Trust (the “Independent Trustees”), held a meeting on September 20, 2024 (the “Meeting”) for the purpose of, among other things, the consideration of, and voting on, the proposed renewal of the investment advisory agreement (the “Trendpilot Bond ETF Advisory Agreement”) between the Trust and Pacer Advisors, Inc. (the “Adviser”), relating to the Pacer Trendpilot US Bond ETF (“Trendpilot Bond ETF” or the “Fund”). The Board also considered the continuation of the investment sub-advisory agreement (the “Vident Sub-Advisory Agreement”) between the Adviser and Vident Asset Management (“Vident” or the “Sub-Adviser”) with respect to the Fund.
The Board, including a majority of the Trust’s Independent Trustees voting separately, approved the renewal of the Trendpilot Bond ETF Advisory Agreement and the Vident Sub-Advisory Agreement as it relates to the Fund at the Meeting, based on its review of qualitative and quantitative information provided by the Adviser, Sub-Adviser as well as the Trust’s other service providers. Prior to deciding to approve the renewal of the Trendpilot Bond ETF Advisory Agreement and Vident Sub-Advisory Agreement at the Meeting, the Independent Trustees requested and obtained from the Adviser and the Sub-Adviser such information as the Independent Trustees deemed reasonably necessary to evaluate the terms of the respective agreements. The Independent Trustees received assistance and advice from, and met separately with, independent counsel. In addition, the Independent Trustees received a memorandum from independent counsel regarding the responsibilities of the Board with respect to the renewal of the Trendpilot Bond ETF Advisory Agreement and the Vident Sub-Advisory Agreement.
Representatives from the Adviser and Vident presented additional information and participated in question-and-answer sessions at the Meeting to help the Board evaluate the Adviser’s and Vident’s services, fees and other aspects of the Trendpilot Bond ETF Advisory Agreement and Vident Sub-Advisory Agreement. Independent Trustee Counsel reviewed the factors the Trustees should consider in approving the Trendpilot Bond ETF Advisory Agreement and Vident Sub-Advisory Agreement including the following to the extent applicable: (1) the nature, quality and extent of the services to be provided by the Adviser; (2) the cost of the services provided and the profits realized by the Adviser from services rendered to the Trust; (3) comparative fee and expense data for the Trust’s series and other investment companies with similar investment objectives; (4) the extent to which economies of scale would be realized as the Trust’s assets grew and whether the advisory fee payable to the Adviser reflects these economies of scale; and (5) other incidental and “fall-out” benefits to the Adviser and its affiliates resulting from services rendered to the Trust.
The Board, including the Independent Trustees evaluated these factors and various materials in connection with the approval process, including: (1) a copy of the Trendpilot Bond ETF Advisory Agreement and the Vident Sub-Advisory Agreement; (2) the Adviser’s and Vident’s responses to questionnaires designed to provide the Board with information reasonably necessary to evaluate the terms of the Trendpilot Bond ETF Advisory Agreement and the Vident Sub-Advisory Agreement; (3) the Adviser’s and Vident’s Form ADV disclosures; (4) information describing the nature, quality and extent of services that the Adviser and Vident is prepared to provide to Trendpilot Bond ETF; (5) the advisory fee payable by the Trendpilot Bond ETF to the Adviser for its services and the sub-advisory fee payable to Vident by the Adviser under the Vident Sub-Advisory Agreement; (6) certain comparative information prepared by Broadridge Financial Solutions (“Broadridge”) regarding the Fund’s fees and expenses and performance relative to the fees and expenses of other comparable funds and each Fund’s underlying index; (7) a copy of the Trust’s registration statement and prospectuses; and (8) information regarding the ownership and management structure, financial condition, and compliance program of the Adviser and Vident.
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PACER FUNDS
ADDITIONAL INFORMATION (Unaudited)(Continued)
In considering the approval of the Trendpilot Bond ETF Advisory Agreement and the Vident Sub-Advisory Agreement, respectively, the Board considered various factors that the Trustees determined were relevant, including: (i) the nature, extent and quality of the services to be provided by the Adviser and Vident, including the performance of the Adviser and Vident with respect to the Trendpilot Bond ETF; (ii) the costs and benefits, including the fee to be paid to the Adviser by the Trendpilot Bond ETF, of the advisory services to be provided to the Trendpilot Bond ETF; (iii) the fee paid to Vident by the Adviser; and (iv) potential economies of scale.
| • | Nature, Extent and Quality of Services to be Provided by the Adviser and Vident. The Board reviewed the scope of services provided by the Adviser under the Trendpilot Bond ETF Advisory Agreement and Vident under the Vident Sub-Advisory Agreement. In this regard, the Trustees reviewed the Trendpilot Bond ETF’s investment goal and investment strategy, and each of the Adviser’s and Vident’s ability to implement such investment goal and/or investment strategy, including, but not limited to, trading practices. With respect to sub-advisory services to be provided by Vident, the Board considered Vident’s ability to ensure compliance with the Trendpilot Bond ETF’s strategies, policies, and limitations. The Board reviewed, a comparison of the Fund’s performance for the one-year, three-year and since inception periods ended June 30, 2024, to that of its specified underlying index and that, during the year, the Board received periodic reports on the Fund’s short- and longer-term performance in comparison with its underlying index. The Board noted that the Fund generally performed in line with its underlying index over the relevant periods. The Trustees also considered the successful performance of Vident in managing the Trendpilot Bond ETF. In addition, the Trustees reviewed the management team at the Adviser and Vident that is responsible for managing the Trendpilot Bond ETF, including staffing, skills and compensation program, and considered various other portfolios advised by the Adviser and Vident and any potential conflicts. The Board also considered a report from the Trust’s Chief Compliance Officer regarding Vident’s compliance program as such relates to the operation of the Bond ETF. |
Based on its review, the Board determined that each of the Adviser and Vident is capable of providing all necessary advisory and sub-advisory services required by the Trendpilot Bond ETF, as indicated by the Adviser’s and Vident’s management capabilities, the professional qualifications and experience of its portfolio management personnel and the performance of the Trendpilot Bond ETF relative to its underlying index and other products managed by the Adviser and Vident with similar investment objectives and strategies as the Bond ETF. The Board also considered other services provided to the Bond ETF by the Adviser and Vident, where relevant, such as selecting broker-dealers for executing portfolio transactions, monitoring adherence to the Trendpilot Bond ETF’s investment restrictions, and monitoring compliance with various policies and procedures and with applicable securities regulations.
Based on the factors above, as well as those discussed below, the Board concluded, within the context of its full deliberations, that it was satisfied with the nature, extent and quality of the services provided and to be provided to the Trendpilot Bond ETF by the Adviser and Vident, respectively.
| • | Costs and Benefits of Advisory Services to be Provided to the Trendpilot Bond ETF. In considering the advisory fees payable by the Trust to the Adviser and the Trendpilot Bond ETF’s expense ratio, the Board reviewed statistical information prepared by Broadridge regarding the expense ratio components, including gross and net total expenses of the Fund in comparison with the same information for other ETFs, objectively selected by Broadridge as comprising the Fund’s applicable expense peer group (“Peer Group”) pursuant to Broadridge’s proprietary ETF methodology. The Board was provided with a detailed description of the proprietary ETF methodology used by Broadridge to determine the Fund’s peer group. The Board noted that, due to the limitations in providing comparable funds in the peer group, the statistical information provided in Broadridge’s report may or may not provide meaningful direct comparisons to the Fund in all instances. The Board compared Trendpilot Bond ETF’s expense ratio to the expense ratios of funds in its Peer Group, focusing on whether the Trendpilot Bond ETF was charged fees that were within the range of fees charged by those in the Peer Group. It also noted that the Adviser had contractually agreed to pay the operating expenses of the Trendpilot Bond ETF, including the cost of transfer agency, custody, fund administration, legal, audit and other services, except interest, taxes, brokerage commissions and other expenses in connection with the execution of portfolio transactions, and extraordinary and non-routine expenses. It was further noted that this |
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PACER FUNDS
ADDITIONAL INFORMATION (Unaudited)(Continued)
contractual agreement cannot be changed without shareholder approval. The Board also evaluated the compensation and incidental or “fallout” benefits received by the Adviser from its relationship with the Trendpilot Bond ETF, considering the Adviser’s profitability analysis prepared and shared by the Adviser’s management.
Based on the factors above, as well as those discussed below, the Board concluded, within the context of its full deliberations, that Trendpilot Bond ETF’s advisory fee was reasonable in light of the nature and quality of the services expected to be rendered by the Adviser.
| • | Costs and Benefits of Vident’s Sub-Advisory Services to be Provided to the Trendpilot Bond ETF. The Board noted that the sub-advisory fees paid to Vident are paid by the Adviser and would not be additional fees to be borne by Trendpilot Bond ETF. The Board also noted that the sub-advisory fees were the product of arms-length negotiations between the Adviser and Vident. In considering the sub-advisory fees payable by the Adviser to Vident, the Board evaluated the compensation and benefits received or likely to be received by Vident from the Adviser relating to the services provided to the Trendpilot Bond ETF. Based on the factors above, as well as those discussed below, the Board concluded, within the context of its full deliberations, that the sub-advisory fees payable to Vident under the Vident Sub-Advisory Agreement with the Adviser were reasonable in light of the nature and quality of the services rendered and, where relevant, expected to be rendered by the Sub-Adviser. |
| • | Economies of Scale. The Board also reviewed and considered the extent to which economies of scale would be realized by the Adviser and the Sub-Adviser as the assets of the Funds may grow in the future. In considering the extent to which economies of scale would be realized as the Funds grow and whether advisory fee levels reflect those economies of scale for the benefit of the Funds’ investors, the Trustees considered that each Fund’s fee arrangement with the Adviser involved a contractual commitment by the Adviser to pay the operating expenses of each Fund. For each Fund, the Trustees considered that, while the investment advisory fee would remain the same at all asset levels, the Funds’ shareholders benefited from the Adviser’s commitment to pay each Fund’s operating expenses out of its investment advisory fee. The Trustees noted that the advisory fee structure of the Funds would not directly result in economies of scale for shareholders. |
In its deliberations, the Board did not identify any particular factor (or conclusion with respect thereto) or single piece of information that was all-important, controlling or determinative of its decision, but considered all of the factors together, and each Trustee may have attributed different weights to the various factors (and conclusions with respect thereto) and information.
USAI, GCOW, COWZ, PTEU, PWS and COWG
The Board of Trustees (the “Board”) of Pacer Funds Trust (the “Trust”), including the Trustees thereof who are not “interested persons,” as defined by the Investment Company Act of 1940, as amended (the “1940 Act”), of the Trust (the “Independent Trustees”), held a meeting on September 20, 2024 (the “Meeting”) for the purpose of, among other things, the consideration of, and voting on, the proposed renewal of the investment advisory agreement (the “Investment Advisory Agreement”) between the Trust and Pacer Advisors, Inc. (the “Adviser”), relating to the Pacer American Energy Independence ETF (USAI), Pacer Global Cash Cows Dividend ETF (GCOW), Pacer US Cash Cows 100 ETF (COWZ), Pacer Trendpilot European ETF (PTEU), Pacer Wealthshield ETF (PWS) and Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) (each, a “Fund” and together, the “September Renewal Funds”).
The Board, including a majority of the Trust’s Independent Trustees voting separately, approved the renewal of the Investment Advisory Agreement as it relates to each Fund at the Meeting, based on its review of qualitative and quantitative information provided by the Adviser as well as the Trust’s other service providers. Prior to deciding to approve the renewal of the Investment Advisory Agreement at the Meeting, the Independent Trustees requested and obtained from the Adviser such information as the Independent Trustees deemed reasonably necessary to evaluate the terms of the Investment Advisory Agreement. The Independent Trustees received assistance and advice from, and met separately with, independent counsel. In addition, the Independent Trustees received a memorandum from independent counsel regarding the responsibilities of the Board with respect to the renewal of the Investment Advisory Agreement.
The Independent Trustees carefully evaluated information provided by the Adviser, including: a copy of the Investment Advisory Agreement; the Adviser’s responses to a questionnaire designed to provide the Board with
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PACER FUNDS
ADDITIONAL INFORMATION (Unaudited)(Continued)
information reasonably necessary to evaluate the terms of the Investment Advisory Agreement; the Adviser’s Form ADV; information describing the nature, quality and extent of services that the Adviser has and is prepared in the future to provide to the Funds, and the advisory fees payable to the Adviser for its services; certain comparative information prepared by Broadridge Financial Solutions (“Broadridge”) regarding each Fund’s fees and expenses relative to the fees and expenses of other funds with similar investment objectives and strategies; a copy of the Trust’s registration statement that included the Funds; information regarding compliance; marketing and distribution related initiatives; changes (if any) in personnel serving the Funds; and information regarding the financial condition of the Adviser.
Representatives from the Adviser, along with other Trust service providers, presented additional information and participated in question-and-answer sessions at the Meeting to help the Board evaluate the Adviser’s services, fees and other aspects of the Investment Advisory Agreement. Independent Trustee Counsel reviewed the factors the Trustees should consider in approving the Advisory Agreement, including the following to the extent applicable: (1) the nature, quality and extent of the services to be provided by the Adviser; (2) the cost of the services provided and the profits realized by the Adviser from services rendered to the Trust; (3) comparative fee and expense data for the Trust’s series and other investment companies with similar investment objectives; (4) the extent to which economies of scale would be realized as the Trust’s assets grew and whether the advisory fee payable to the Adviser reflects these economies of scale; and (5) other incidental and “fall-out” benefits to the Adviser and its affiliates resulting from services rendered to the Trust.
The Board, including the Independent Trustees evaluated these factors and various materials in connection with the approval process, including: (1) a copy of the each Fund’s Advisory Agreement; (2) the Adviser’s responses to questionnaires designed to provide the Board with information reasonably necessary to evaluate the terms of the Fund’s Advisory Agreement; (3) the Adviser’s Form ADV disclosures; (4) information describing the nature, quality and extent of services that the Adviser is prepared to provide to the Funds; (5) the advisory fee payable by each Fund to the Adviser for its services; (6) certain comparative information prepared by Broadridge regarding each Fund’s fees and expenses and performance relative to the fees and expenses of other comparable funds and each Fund’s underlying index; (7) a copy of the Trust’s registration statement and prospectuses; and (8) information regarding the ownership and management structure, financial condition, and compliance program of the Adviser.
| • | Nature, Extent and Quality of Services to be Provided by the Adviser. The Board reviewed the scope of services to be provided by the Adviser under the Investment Advisory Agreement. In this regard, the Trustees reviewed each Fund’s investment goal and investment strategy, and the Adviser’s ability to implement such investment goal and/or investment strategy, including, but not limited to, trading practices. In addition, the Trustees reviewed the management team at the Adviser that would be responsible for managing each Fund, including staffing, skills and compensation program, and considered various other Funds advised by the Adviser and any potential conflicts. |
Based on its review, the Board determined that the Adviser is capable of providing all necessary advisory services required by each Fund, as indicated by the Adviser’s management capabilities, the professional qualifications and experience of its portfolio management personnel and the performance of the Funds relative to their respective underlying indexes. The Board reviewed, a comparison of each September Renewal Fund’s performance for the one-year, three-year, five-year and since inception periods ended June 30, 2024, to that of its underlying index and that, during the year, the Board received periodic reports on each Fund’s short- and longer-term performance in comparison with its underlying index. The Board noted that each of the September Renewal Fund’s generally performed in line with its underlying index over the relevant periods. The Board also considered other services provided to the Funds by the Adviser, where relevant, such as selecting broker-dealers for executing portfolio transactions, monitoring adherence to each Fund’s investment restrictions, and monitoring compliance with various policies and procedures and with applicable securities regulations.
Based on the factors above, as well as those discussed below, the Board concluded, within the context of its full deliberations, that it was satisfied with the nature, extent and quality of the services provided and to be provided to the Funds by the Adviser.
TABLE OF CONTENTS
PACER FUNDS
ADDITIONAL INFORMATION (Unaudited)(Continued)
| • | Costs and Benefits of Advisory Services to be Provided to the Funds. In considering the advisory fees payable by the Trust to the Adviser and each Fund’s expense ratio, the Board reviewed statistical information prepared by Broadridge regarding the expense ratio components, including gross and net total expenses of the Fund in comparison with the same information for other ETFs, objectively selected by Broadridge as comprising the Fund’s applicable expense peer group (“Peer Group”) pursuant to Broadridge’s proprietary ETF methodology. The Board was provided with a detailed description of the proprietary ETF methodology used by Broadridge to determine the Fund’s peer group. The Board noted that, due to the limitations in providing comparable funds in the peer group, the statistical information provided in Broadridge’s report may or may not provide meaningful direct comparisons to the Fund in all instances. The Board compared each Fund’s expense ratio to the expense ratios of funds in its Peer Group, focusing on whether each Fund was charged fees that were within the range of fees charged by those in the Peer Group. It also noted that the Adviser had contractually agreed to pay the operating expenses of each Fund, including the cost of transfer agency, custody, fund administration, legal, audit and other services, except interest, taxes, brokerage commissions and other expenses in connection with the execution of portfolio transactions, and extraordinary and non-routine expenses. It was noted that this contractual agreement cannot be changed without shareholder approval. The Board also evaluated the compensation and incidental or “fall-out” benefits received (or proposed or likely to be received) by the Adviser from its relationship with the Funds, taking into account assessments of the Adviser’s profitability prepared and shared by the Adviser’s management. |
Based on the factors above, as well as those discussed below, the Board concluded, within the context of its full deliberations, that each Fund’s advisory fee was reasonable in light of the nature and quality of the services expected to be rendered by the Adviser.
| • | Economies of Scale. The Board also reviewed and considered the extent to which economies of scale would be realized by the Adviser as the assets of the Funds may grow in the future. In considering the extent to which economies of scale would be realized as the Funds grow and whether advisory fee levels reflect those economies of scale for the benefit of the Funds’ investors, the Trustees considered that each Fund’s fee arrangement with the Adviser involved a contractual commitment by the Adviser to pay the operating expenses of each Fund. For each Fund the Trustees considered that, while the investment advisory fee would remain the same at all asset levels, the Funds’ shareholders benefited from the Adviser’s commitment to pay each Fund’s operating expenses out of its investment advisory fee. The Trustees noted that the advisory fee structure of the Funds would not directly result in economies of scale for shareholders. |
Based on its deliberations and its evaluation of the information described above, at the Meeting, the Board, including the Independent Trustees: (a) concluded that the terms of the Investment Advisory Agreement with respect to each Fund are fair and reasonable; (b) concluded that the Adviser’s fees are reasonable in light of the nature and quality of the services expected to be rendered by the Adviser to each Fund; and (c) agreed to approve the renewal of the Investment Advisory Agreement as to each Fund for an additional annual period. In its deliberations at the Meeting, the Board did not identify any particular factor (or conclusion with respect thereto) or single piece of information that was all-important, controlling or determinative of its decision, but considered all of the factors together, and each Trustee may have attributed different weights to the various factors (and conclusions with respect thereto) and information.
TABLE OF CONTENTS
Advisor
Pacer Advisors, Inc.
500 Chesterfield Parkway
Malvern, PA 19355
Index Provider
CFRA
One New York Plaza, 34th Floor
New York, NY 10004
FTSE International Limited
12th Floor, 10 Upper Bank Street
Canary Wharf, London E14 5NP
Index Design Group, LLC
500 Chesterfield Parkway
Malvern, PA 19355
LifeSci Index Partners, LLC
250 W 55th St, Suite 16b
New York, NY 10019
Lunt Capital Management, Inc.
215 S State St, Suite 100
Salt Lake City, UT 84111
Solactive AG
Platz der Einheit 1
60327 Frankfurt am Main
Germany
S&P Dow Jones Indices LLC
55 Water Street
New York, NY 10041
Custodian
U.S. Bank National Association
Custody Operations
1555 North Rivercenter Drive
Milwaukee, WI 53212
Sub Adviser
Vident Asset Management
1125 Sanctuary Parkway, Suite 515
Alpharetta, GA 30009
Aristotle Pacific Capital, LLC
840 Newport Center Drive, 7th Floor
Newport Beach, CA 92660
Distributor
Pacer Financial, Inc.
500 Chesterfield Parkway
Malvern, PA 19355
Transfer Agent
U.S. Bancorp Fund Services, LLC
615 East Michigan Street
Milwaukee, WI 53202
Independent Registered
Public Accounting Firm
Sanville & Company
2617 Huntingdon Pike
Huntingdon Valley, PA 19006
Legal Counsel
Practus, LLP
11300 Tomahawk Creek Parkway, Suite 310
Leawood, Kansas 66211
| (b) | Financial Highlights are included within the financial statements filed under Item 7 of this Form. |
Item 8. Changes in and Disagreements with Accountants for Open-End Investment Companies.
There were no changes in or disagreements with accountants during the period covered by this report.
Item 9. Proxy Disclosure for Open-End Investment Companies.
There were no matters submitted to a vote of shareholders during the period covered by this report.
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Investment Companies.
All fund expenses, including Trustee compensation, are paid by the Investment Adviser pursuant to the Investment Advisory Agreement. Additional information related to those fees is available in the Fund’s Statement of Additional Information.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
See Item 7(a).
Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to open-end investment companies.
Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable to open-end investment companies.
Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable to open-end investment companies.
Item 15. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of trustees.
Item 16. Controls and Procedures.
| (a) | The Registrant’s Principal Executive Officer and Principal Financial Officer have reviewed the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) as of a date within 90 days of the filing of this report, as required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934. Based on their review, such officers have concluded that the disclosure controls and procedures are effective in ensuring that information required to be disclosed in this report is appropriately recorded, processed, summarized and reported and made known to them by others within the Registrant and by the Registrant’s service provider. |
| (b) | There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting. |
Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable to open-end investment companies.
Item 18. Recovery of Erroneously Awarded Compensation.
(a) Not Applicable
(b) Not Applicable
Item 19. Exhibits.
(2) Not Applicable
(3) A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)). Filed herewith.
(4) Not Applicable
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| | (Registrant) | Pacer Funds Trust | |
| | By (Signature and Title)* | /s/ Joe M. Thomson | |
| | | Joe M. Thomson, President, (Principal Executive Officer) | |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| | By (Signature and Title)* | /s/ Joe M. Thomson | |
| | | Joe M. Thomson, President (Principal Executive Officer) | |
| | By (Signature and Title)* | /s/ Sean E. O’Hara | |
| | | Sean E. O’Hara Treasurer, (Principal Financial Officer) | |
* Print the name and title of each signing officer under his or her signature.
