| Pacer CSOP FTSE China A50 ETF | ||||||||
| Schedule of Investments | ||||||||
| July 31, 2024 (Unaudited) | ||||||||
| COMMON STOCKS - 99.4% | Shares | Value | ||||||
| Consumer Discretionary - 6.8% | ||||||||
| BYD Co. Ltd. - Class A | 3,945 | $ | 134,856 | |||||
| China Tourism Group Duty Free Corp. Ltd. - Class A | 4,200 | 39,873 | ||||||
| Great Wall Motor Co. Ltd. - Class A | 5,900 | 19,283 | ||||||
| Gree Electric Appliances, Inc. of Zhuhai | 8,800 | 48,730 | ||||||
| Haier Smart Home Co. Ltd. - Class A | 13,600 | 51,355 | ||||||
294,097 | ||||||||
| Consumer Staples - 22.9% | ||||||||
| Foshan Haitian Flavouring & Food Co. Ltd. | 10,512 | 51,113 | ||||||
| Inner Mongolia Yili Industrial Group Co. Ltd. | 13,900 | 48,256 | ||||||
| Kweichow Moutai Co. Ltd. | 2,700 | 530,985 | ||||||
| Luzhou Laojiao Co. Ltd. | 3,245 | 58,667 | ||||||
Muyuan Foods Co. Ltd. (a) | 11,762 | 71,154 | ||||||
| Shanxi Xinghuacun Fen Wine Factory Co. Ltd. | 2,683 | 68,432 | ||||||
| Wuliangye Yibin Co. Ltd. | 8,500 | 149,205 | ||||||
| Yihai Kerry Arawana Holdings Co. Ltd. | 4,100 | 15,527 | ||||||
993,339 | ||||||||
| Energy - 7.0% | ||||||||
| China Petroleum & Chemical Corp. - Class A | 94,300 | 84,683 | ||||||
| China Shenhua Energy Co. Ltd. - Class A | 15,300 | 84,152 | ||||||
| PetroChina Co. Ltd. - Class A | 54,500 | 67,644 | ||||||
| Shaanxi Coal Industry Co. Ltd. - Class A | 21,100 | 68,289 | ||||||
304,768 | ||||||||
Financials - 30.7%(b) | ||||||||
| Agricultural Bank of China Ltd. - Class A | 186,800 | 118,639 | ||||||
| Bank of China Ltd. - Class A | 96,400 | 62,159 | ||||||
| Bank of Communications Co. Ltd. - Class A | 85,200 | 86,767 | ||||||
| China CITIC Bank Corp. Ltd. - Class A | 53,300 | 46,242 | ||||||
| China Construction Bank Corp. - Class A | 20,500 | 21,104 | ||||||
| China Everbright Bank Co. Ltd. - Class A | 101,100 | 44,206 | ||||||
| China Merchants Bank Co. Ltd. - Class A | 44,800 | 202,891 | ||||||
| China Pacific Insurance Group Co. Ltd. - Class A | 14,700 | 60,105 | ||||||
| CITIC Securities Co. Ltd. - Class A | 26,270 | 71,972 | ||||||
| East Money Information Co. Ltd. | 34,392 | 53,013 | ||||||
| Industrial & Commercial Bank of China Ltd. - Class A | 167,300 | 135,422 | ||||||
| Industrial Bank Co. Ltd. | 45,100 | 104,527 | ||||||
| People's Insurance Co. Group of China Ltd. - Class A | 22,700 | 17,998 | ||||||
| Ping An Bank Co. Ltd. | 41,700 | 59,258 | ||||||
| Ping An Insurance Group Co. of China Ltd. - Class A | 23,400 | 137,802 | ||||||
| Postal Savings Bank of China Co. Ltd. - Class A | 49,100 | 32,815 | ||||||
| Shanghai Pudong Development Bank Co. Ltd. | 63,700 | 74,039 | ||||||
1,328,959 | ||||||||
| Health Care - 4.0% | ||||||||
| Jiangsu Hengrui Pharmaceuticals Co. Ltd. | 13,900 | 81,184 | ||||||
| Shenzhen Mindray Bio-Medical Electronics Co. Ltd. | 2,600 | 92,498 | ||||||
173,682 | ||||||||
| Industrials – 13.4% | ||||||||
| Beijing-Shanghai High Speed Railway Co. Ltd. | 62,100 | 49,150 | ||||||
| CRRC Corp. Ltd. - Class A | 52,300 | 55,216 | ||||||
| China State Construction Engineering Corp. Ltd. | 89,500 | 69,103 | ||||||
| COSCO SHIPPING Holdings Co. Ltd. - Class A | 27,400 | 49,856 | ||||||
| Contemporary Amperex Technology Co. Ltd. | 9,540 | 245,937 | ||||||
| NARI Technology Co. Ltd. | 17,300 | 57,499 | ||||||
| SF Holding Co. Ltd. | 10,500 | 50,923 | ||||||
577,684 | ||||||||
| Information Technology - 5.2% | ||||||||
| Foxconn Industrial Internet Co. Ltd. | 27,100 | 89,395 | ||||||
| Hygon Information Technology Co. Ltd. - Class A | 5,000 | 55,002 | ||||||
| Luxshare Precision Industry Co. Ltd. | 15,629 | 82,675 | ||||||
227,072 | ||||||||
| Materials - 4.1% | ||||||||
| Wanhua Chemical Group Co. Ltd. | 6,812 | 73,143 | ||||||
| Zijin Mining Group Co. Ltd. - Class A | 44,700 | 102,549 | ||||||
175,692 | ||||||||
| Utilities - 5.3% | ||||||||
| CGN Power Co. Ltd. - Class A | 15,600 | 10,102 | ||||||
| China Yangtze Power Co. Ltd. | 53,100 | 219,393 | ||||||
229,495 | ||||||||
TOTAL COMMON STOCKS (Cost $4,437,338) | 4,304,788 | |||||||
TOTAL INVESTMENTS - 99.4% (Cost $4,437,338) | 4,304,788 | |||||||
| Other Assets in Excess of Liabilities - 0.6% | 25,812 | |||||||
| TOTAL NET ASSETS - 100.0% | $ | 4,330,600 | ||||||
| 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 Fund compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition does not apply for all purposes of this report, which may combine sub-classifications for reporting ease. | ||||||||
| (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. |
Summary of Fair Value Disclosure as of July 31, 2024 (Unaudited)
Pacer CSOP FTSE China A50 ETF has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has 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 Fund’s 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 following is a summary of the fair valuation hierarchy of the Fund’s securities as of July 31, 2024:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments: | ||||||||||||||||
| Common Stocks | $ | 4,304,788 | $ | – | $ | – | $ | 4,304,788 | ||||||||
| Total Investments | $ | 4,304,788 | $ | – | $ | – | $ | 4,304,788 | ||||||||
| Refer to the Schedule of Investments for further disaggregation of investment categories. | ||||||||||||||||