| Pacer Lunt MidCap Multi-Factor Alternator ETF | ||||||||
| Schedule of Investments | ||||||||
| July 31, 2024 (Unaudited) | ||||||||
| COMMON STOCKS - 84.7% | Shares | Value | ||||||
| Communication Services - 3.1% | ||||||||
Frontier Communications Parent, Inc. (a)(b) | 12,700 | $ | 372,110 | |||||
| Iridium Communications, Inc. | 11,820 | 339,234 | ||||||
J2 Global, Inc. (a) | 3,860 | 184,817 | ||||||
| TEGNA, Inc. | 14,800 | 235,764 | ||||||
| TKO Group Holdings, Inc. | 4,290 | 469,111 | ||||||
ZoomInfo Technologies, Inc. (a) | 24,050 | 273,208 | ||||||
1,874,244 | ||||||||
| Consumer Discretionary - 14.8% | ||||||||
Adient PLC (a) | 6,900 | 177,744 | ||||||
AutoNation, Inc. (a)(b) | 1,170 | 223,142 | ||||||
Burlington Stores, Inc. (a) | 3,150 | 820,008 | ||||||
Choice Hotels International, Inc. (b) | 950 | 121,078 | ||||||
Churchill Downs, Inc. (b) | 3,650 | 523,994 | ||||||
| Columbia Sportswear Co. | 2,686 | 219,446 | ||||||
Five Below, Inc. (a) | 2,840 | 206,582 | ||||||
GameStop Corp. - Class A (a)(b) | 18,420 | 417,581 | ||||||
Goodyear Tire & Rubber Co. (a) | 11,900 | 139,230 | ||||||
| H&R Block, Inc. | 9,237 | 535,192 | ||||||
| Harley-Davidson, Inc. | 10,340 | 387,750 | ||||||
Hilton Grand Vacations, Inc. (a) | 3,560 | 153,828 | ||||||
Light & Wonder, Inc. (a) | 4,550 | 487,760 | ||||||
Lithia Motors, Inc. (b) | 1,549 | 428,035 | ||||||
| Marriott Vacations Worldwide Corp. | 4,840 | 409,367 | ||||||
| Nordstrom, Inc. | 5,900 | 134,697 | ||||||
Planet Fitness, Inc. - Class A (a) | 12,630 | 930,831 | ||||||
| Polaris, Inc. | 4,040 | 336,451 | ||||||
RH (a) | 1,230 | 356,798 | ||||||
| Travel + Leisure Co. | 5,500 | 253,495 | ||||||
Under Armour, Inc. - Class A (a)(b) | 16,300 | 113,611 | ||||||
Under Armour, Inc. - Class C (a) | 15,400 | 104,566 | ||||||
Visteon Corp. (a) | 2,300 | 265,742 | ||||||
Whirlpool Corp. (b) | 2,530 | 257,984 | ||||||
| Wingstop, Inc. | 2,238 | 836,744 | ||||||
8,841,656 | ||||||||
| Consumer Staples – 6.1% | ||||||||
BellRing Brands, Inc. (a) | 9,545 | 489,468 | ||||||
Cytokinetics, Inc. (a)(b) | 6,760 | 398,907 | ||||||
Darling Ingredients, Inc. (a) | 22,780 | 905,049 | ||||||
Envista Holdings Corp. (a) | 16,900 | 288,483 | ||||||
| Flowers Foods, Inc. | 14,758 | 332,350 | ||||||
Post Holdings, Inc. (a) | 2,339 | 255,793 | ||||||
Sarepta Therapeutics, Inc. (a) | 6,790 | 965,810 | ||||||
3,635,860 | ||||||||
| Energy - 5.8% | ||||||||
Antero Resources Corp. (a) | 19,975 | 579,675 | ||||||
| Civitas Resources, Inc. | 6,430 | 448,557 | ||||||
| Matador Resources Co. | 7,000 | 430,360 | ||||||
| NOV, Inc. | 27,740 | 577,547 | ||||||
| Ovintiv, Inc. | 13,970 | 648,767 | ||||||
| Permian Resources Corp. | 35,210 | 540,121 | ||||||
Valaris Ltd. (a) | 2,770 | 217,694 | ||||||
3,442,721 | ||||||||
| Financials - 11.7% | ||||||||
| Affiliated Managers Group, Inc. | 2,370 | 439,919 | ||||||
| Ally Financial, Inc. | 12,480 | 561,725 | ||||||
| Associated Banc-Corp. | 6,200 | 142,476 | ||||||
Brighthouse Financial, Inc. (a) | 3,950 | 196,986 | ||||||
| Carlyle Group, Inc. | 12,750 | 634,185 | ||||||
| Columbia Banking System, Inc. | 15,330 | 401,033 | ||||||
| Commerce Bancshares, Inc. | 8,500 | 550,035 | ||||||
| Cullen Frost Bankers, Inc. | 4,240 | 496,334 | ||||||
| First Horizon Corp. | 44,179 | 739,115 | ||||||
Glacier Bancorp, Inc. (b) | 5,200 | 232,492 | ||||||
| Interactive Brokers Group, Inc. | 7,010 | 836,083 | ||||||
| Jefferies Financial Group, Inc. | 12,120 | 708,656 | ||||||
New York Community Bancorp, Inc. (b) | 19,333 | 203,383 | ||||||
| Prosperity Bancshares, Inc. | 6,230 | 451,800 | ||||||
WEX, Inc. (a) | 2,150 | 394,418 | ||||||
6,988,640 | ||||||||
| Health Care - 9.6% | ||||||||
Arrowhead Pharmaceuticals, Inc. (a) | 6,600 | 188,496 | ||||||
Globus Medical, Inc. - Class A (a) | 17,670 | 1,271,533 | ||||||
Halozyme Therapeutics, Inc. (a)(b) | 11,010 | 608,412 | ||||||
Jazz Pharmaceuticals PLC (a) | 5,349 | 589,727 | ||||||
Masimo Corp. (a) | 3,270 | 349,825 | ||||||
Neogen Corp. (a) | 25,690 | 437,501 | ||||||
Neurocrine Biosciences, Inc. (a) | 4,969 | 703,461 | ||||||
Progyny, Inc. (a) | 4,700 | 132,540 | ||||||
R1 RCM, Inc. (a) | 14,900 | 191,912 | ||||||
Sotera Health Co. (a) | 9,200 | 127,604 | ||||||
United Therapeutics Corp. (a) | 3,720 | 1,165,439 | ||||||
5,766,450 | ||||||||
| Industrials - 14.4% | ||||||||
Avis Budget Group, Inc. (b) | 1,850 | 186,869 | ||||||
| Brink's Co. | 2,570 | 282,674 | ||||||
Chart Industries, Inc. (a)(b) | 3,320 | 534,786 | ||||||
Concentrix Corp. (b) | 7,650 | 539,325 | ||||||
| Exponent, Inc. | 3,390 | 359,611 | ||||||
| GATX Corp. | 2,159 | 301,181 | ||||||
| Genpact Ltd. | 14,520 | 503,408 | ||||||
MasTec, Inc. (a)(b) | 4,778 | 525,723 | ||||||
| nVent Electric PLC | 7,822 | 568,112 | ||||||
Paylocity Holding Corp. (a) | 3,230 | 484,726 | ||||||
| Regal Rexnord Corp. | 5,060 | 813,041 | ||||||
| Ryder System, Inc. | 2,343 | 328,395 | ||||||
| Sensata Technologies Holding PLC | 13,777 | 537,165 | ||||||
| Tetra Tech, Inc. | 2,790 | 594,940 | ||||||
Toro Co. (b) | 7,437 | 711,944 | ||||||
| Valmont Industries, Inc. | 1,820 | 543,015 | ||||||
XPO Logistics, Inc. (a)(b) | 7,034 | 808,136 | ||||||
8,623,051 | ||||||||
| Information Technology - 6.0% | ||||||||
Allegro MicroSystems, Inc. (a)(b) | 5,800 | 139,432 | ||||||
| Avnet, Inc. | 4,060 | 218,266 | ||||||
| Cognex Corp. | 16,026 | 795,210 | ||||||
Coherent Corp. (a) | 7,790 | 542,807 | ||||||
| Crane NXT Co. | 5,652 | 355,398 | ||||||
Dropbox, Inc. - Class A (a) | 16,474 | 394,058 | ||||||
Kyndryl Holdings, Inc. (a) | 10,550 | 283,478 | ||||||
Lumentum Holdings, Inc. (a) | 4,100 | 212,298 | ||||||
Silicon Laboratories, Inc. (a) | 2,230 | 267,890 | ||||||
Wolfspeed, Inc. (a)(b) | 20,750 | 391,138 | ||||||
3,599,975 | ||||||||
| Materials - 4.3% | ||||||||
| Alcoa Corp. | 14,806 | 489,190 | ||||||
Arcadium Lithium PLC (a)(b) | 165,950 | 527,721 | ||||||
| Chemours Co. | 10,810 | 261,278 | ||||||
| Crown Holdings, Inc. | 5,570 | 494,059 | ||||||
MP Materials Corp. (a)(b) | 13,100 | 177,112 | ||||||
| Olin Corp. | 8,410 | 383,580 | ||||||
Scotts Miracle-Gro Co. (b) | 2,850 | 224,010 | ||||||
2,556,950 | ||||||||
| Utilities - 8.9% | ||||||||
| Black Hills Corp. | 6,248 | 368,944 | ||||||
| Essential Utilities, Inc. | 22,333 | 907,836 | ||||||
| National Fuel Gas Co. | 7,304 | 427,941 | ||||||
New Jersey Resources Corp. (b) | 7,810 | 365,118 | ||||||
| Northwestern Energy Group, Inc. | 4,373 | 235,136 | ||||||
| OGE Energy Corp. | 14,576 | 565,112 | ||||||
| ONE Gas, Inc. | 5,004 | 348,429 | ||||||
| Ormat Technologies, Inc. | 4,950 | 384,318 | ||||||
| PNM Resources, Inc. | 15,176 | 631,018 | ||||||
| Portland General Electric Co. | 4,999 | 236,853 | ||||||
Spire, Inc. (b) | 4,609 | 306,913 | ||||||
| UGI Corp. | 21,450 | 531,531 | ||||||
5,309,149 | ||||||||
TOTAL COMMON STOCKS (Cost $48,075,846) | 50,638,696 | |||||||
| REAL ESTATE INVESTMENT TRUSTS - 15.2% | Shares | Value | ||||||
Agree Realty Corp. (b) | 8,569 | 591,004 | ||||||
| Annaly Capital Management, Inc. | 53,220 | 1,059,610 | ||||||
| Brixmor Property Group, Inc. | 14,474 | 368,653 | ||||||
| Corporate Office Properties Trust | 6,100 | 176,717 | ||||||
| EPR Properties | 3,363 | 151,335 | ||||||
| Gaming and Leisure Properties, Inc. | 18,852 | 946,370 | ||||||
| Healthcare Realty Trust, Inc. | 46,010 | 813,917 | ||||||
| Independence Realty Trust, Inc. | 26,180 | 488,257 | ||||||
| Kite Realty Group Trust | 9,800 | 241,668 | ||||||
| National Storage Affiliates Trust | 3,860 | 164,320 | ||||||
| NNN REIT, Inc. | 12,894 | 578,812 | ||||||
Omega Healthcare Investors, Inc. (b) | 11,151 | 405,896 | ||||||
| Park Hotels & Resorts, Inc. | 10,600 | 159,636 | ||||||
| Rayonier, Inc. | 9,400 | 285,102 | ||||||
| Rexford Industrial Realty, Inc. | 15,170 | 760,169 | ||||||
| Sabra Health Care REIT, Inc. | 10,600 | 172,038 | ||||||
| Starwood Property Trust, Inc. | 19,100 | 381,045 | ||||||
| Vornado Realty Trust | 9,200 | 275,908 | ||||||
| WP Carey, Inc. | 19,297 | 1,115,560 | ||||||
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $8,483,717) | 9,136,017 | |||||||
| INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 10.7% | ||||||||
Mount Vernon Liquid Assets Portfolio, LLC (c) | 6,415,819 | 6,415,819 | ||||||
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $6,415,819) | 6,415,819 | |||||||
TOTAL INVESTMENTS - 110.6% (Cost $62,975,382) | 66,190,532 | |||||||
| Liabilities in Excess of Other Assets - (10.6)% | (6,394,564 | ) | ||||||
| TOTAL NET ASSETS - 100.0% | $ | 59,795,968 | ||||||
| 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. | ||||||||
| 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 $6,001,967 which represented 10.0% of net assets. |
| (c) | The rate shown represents the 7-day annualized effective yield as of July 31, 2024. |
Summary of Fair Value Disclosure as of July 31, 2024 (Unaudited)
Pacer Lunt MidCap Multi-Factor Alternator 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 | $ | 50,638,696 | $ | – | $ | – | $ | 50,638,696 | ||||||||
| Real Estate Investment Trusts | 9,136,017 | – | – | 9,136,017 | ||||||||||||
Investments Purchased with Proceeds from Securities Lending(a) | – | – | – | 6,415,819 | ||||||||||||
| Total Investments | $ | 59,774,713 | $ | – | $ | – | $ | 66,190,532 | ||||||||
| Refer to the Schedule of Investments for further disaggregation of investment categories. | ||||||||||||||||
| (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 amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments. |