Pacer Lunt Large Cap Multi-Factor Alternator ETF | ||||||||
Schedule of Investments | ||||||||
July 31, 2024 (Unaudited) | ||||||||
COMMON STOCKS - 99.8% | Shares | Value | ||||||
Communication Services - 6.9% | ||||||||
Electronic Arts, Inc. | 3,600 | $ | 543,384 | |||||
Meta Platforms, Inc. - Class A | 32,667 | 15,511,272 | ||||||
Netflix, Inc. (a) | 11,762 | 7,390,653 | ||||||
Omnicom Group, Inc. (b) | 3,062 | 300,198 | ||||||
Take-Two Interactive Software, Inc. (a) | 1,376 | 207,129 | ||||||
23,952,636 | ||||||||
Consumer Discretionary - 8.5% | ||||||||
Amazon.com, Inc. (a) | 78,214 | 14,624,454 | ||||||
Booking Holdings, Inc. | 319 | 1,185,088 | ||||||
BorgWarner, Inc. (b) | 4,703 | 166,063 | ||||||
Carnival Corp. (a) | 6,614 | 110,189 | ||||||
Chipotle Mexican Grill, Inc. (a) | 13,226 | 718,436 | ||||||
Deckers Outdoor Corp. (a) | 436 | 402,267 | ||||||
DR Horton, Inc. | 2,529 | 455,043 | ||||||
eBay, Inc. (b) | 8,737 | 485,865 | ||||||
Hilton Worldwide Holdings, Inc. | 2,062 | 442,650 | ||||||
Lennar Corp. - Class A (b) | 6,268 | 1,108,997 | ||||||
Lululemon Athletica, Inc. (a)(b) | 2,813 | 727,611 | ||||||
Marriott International, Inc. | 2,175 | 494,377 | ||||||
NIKE, Inc. - Class B - Class B | 22,857 | 1,711,075 | ||||||
NVR, Inc. (a) | 74 | 636,954 | ||||||
O'Reilly Automotive, Inc. (a) | 475 | 535,012 | ||||||
Pool Corp. (b) | 862 | 322,422 | ||||||
PulteGroup, Inc. | 2,913 | 384,516 | ||||||
Ralph Lauren Corp. | 653 | 114,660 | ||||||
Ross Stores, Inc. | 5,241 | 750,668 | ||||||
Royal Caribbean Cruises Ltd. (a) | 3,035 | 475,645 | ||||||
TJX Cos., Inc. | 28,228 | 3,190,329 | ||||||
Ulta Beauty, Inc. (a) | 887 | 323,657 | ||||||
29,365,978 | ||||||||
Consumer Staples - 8.1% | ||||||||
Archer-Daniels-Midland Co. | 7,857 | 487,213 | ||||||
Clorox Co. | 2,302 | 303,703 | ||||||
Costco Wholesale Corp. | 12,468 | 10,248,696 | ||||||
Hershey Co. (b) | 2,302 | 454,599 | ||||||
Kellanova | 5,089 | 295,925 | ||||||
Kenvue, Inc. | 30,936 | 572,007 | ||||||
Kimberly-Clark Corp. | 6,255 | 844,738 | ||||||
Mondelez International, Inc. | 30,501 | 2,084,743 | ||||||
Monster Beverage Corp. (a) | 11,569 | 595,225 | ||||||
PepsiCo, Inc. | 21,852 | 3,773,185 | ||||||
Procter & Gamble Co. | 37,213 | 5,982,362 | ||||||
Sysco Corp. | 7,857 | 602,239 | ||||||
Walmart, Inc. | 28,399 | 1,949,307 | ||||||
28,193,942 | ||||||||
Energy - 0.9% | ||||||||
APA Corp. (b) | 6,758 | 210,782 | ||||||
Marathon Petroleum Corp. | 8,260 | 1,462,185 | ||||||
Phillips 66 | 4,040 | 587,739 | ||||||
Valero Energy Corp. | 5,062 | 818,627 | ||||||
3,079,333 | ||||||||
Financials - 10.2% | ||||||||
Ameriprise Financial, Inc. | 2,434 | 1,046,790 | ||||||
Arch Capital Group Ltd. (a) | 9,031 | 864,989 | ||||||
Arthur J Gallagher & Co. (b) | 1,399 | 396,603 | ||||||
Berkshire Hathaway, Inc. - Class B (a) | 16,459 | 7,217,272 | ||||||
Brown & Brown, Inc. | 2,081 | 206,914 | ||||||
Cboe Global Markets, Inc. | 1,430 | 262,419 | ||||||
Cincinnati Financial Corp. | 2,484 | 324,460 | ||||||
Corpay, Inc. (a) | 582 | 169,839 | ||||||
Everest Group Ltd. | 707 | 277,759 | ||||||
Fiserv, Inc. (a) | 5,134 | 839,768 | ||||||
Jack Henry & Associates, Inc. | 1,181 | 202,518 | ||||||
JPMorgan Chase & Co. | 22,372 | 4,760,762 | ||||||
MarketAxess Holdings, Inc. | 588 | 131,436 | ||||||
MasterCard, Inc. - Class A | 16,721 | 7,753,695 | ||||||
Moody's Corp. | 2,434 | 1,111,072 | ||||||
Progressive Corp. | 10,089 | 2,160,257 | ||||||
T Rowe Price Group, Inc. | 3,468 | 396,080 | ||||||
Visa, Inc. - Class A | 27,400 | 7,279,358 | ||||||
35,401,991 | ||||||||
Health Care - 9.1% | ||||||||
Agilent Technologies, Inc. | 4,531 | 640,683 | ||||||
Amgen, Inc. | 4,167 | 1,385,403 | ||||||
Baxter International, Inc. | 9,650 | 345,663 | ||||||
Boston Scientific Corp. (a) | 14,067 | 1,039,270 | ||||||
Cardinal Health, Inc. | 2,599 | 262,057 | ||||||
Cencora, Inc. | 4,909 | 1,167,753 | ||||||
Centene Corp. (a) | 9,840 | 756,893 | ||||||
Eli Lilly & Co. | 11,592 | 9,323,098 | ||||||
GE HealthCare Technologies, Inc. | 7,797 | 659,860 | ||||||
Hologic, Inc. (a) | 3,605 | 294,204 | ||||||
IDEXX Laboratories, Inc. (a) | 1,510 | 718,941 | ||||||
Intuitive Surgical, Inc. (a) | 3,343 | 1,486,331 | ||||||
Johnson & Johnson | 50,935 | 8,040,090 | ||||||
Labcorp Holdings, Inc. | 1,559 | 335,871 | ||||||
McKesson Corp. | 1,155 | 712,658 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 687 | 741,404 | ||||||
Solventum Corp. (a) | 2,210 | 130,125 | ||||||
STERIS PLC | 1,470 | 350,977 | ||||||
Stryker Corp. (b) | 2,674 | 875,601 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 1,977 | 980,038 | ||||||
West Pharmaceutical Services, Inc. | 582 | 178,191 | ||||||
Zoetis, Inc. | 6,823 | 1,228,413 | ||||||
31,653,524 | ||||||||
Industrials - 10.4% | ||||||||
A O Smith Corp. | 2,342 | 199,164 | ||||||
Automatic Data Processing, Inc. | 10,607 | 2,785,610 | ||||||
Broadridge Financial Solutions, Inc. | 3,099 | 663,186 | ||||||
Builders FirstSource, Inc. (a) | 3,753 | 628,140 | ||||||
Caterpillar, Inc. (b) | 8,268 | 2,862,382 | ||||||
CH Robinson Worldwide, Inc. (b) | 1,941 | 172,846 | ||||||
Cintas Corp. | 2,274 | 1,737,200 | ||||||
Copart, Inc. (a) | 9,079 | 475,104 | ||||||
Cummins, Inc. | 2,513 | 733,293 | ||||||
Eaton Corp. PLC | 4,204 | 1,281,337 | ||||||
Emerson Electric Co. | 10,878 | 1,273,923 | ||||||
Expeditors International of Washington, Inc. | 2,743 | 342,381 | ||||||
Fastenal Co. | 17,113 | 1,210,745 | ||||||
General Electric Co. | 32,836 | 5,588,687 | ||||||
Howmet Aerospace, Inc. | 3,547 | 339,448 | ||||||
Hubbell, Inc. (b) | 483 | 191,099 | ||||||
Illinois Tool Works, Inc. | 6,838 | 1,690,901 | ||||||
Ingersoll Rand, Inc. | 3,771 | 378,608 | ||||||
Lockheed Martin Corp. | 4,903 | 2,657,034 | ||||||
PACCAR, Inc. (b) | 5,404 | 533,159 | ||||||
Parker-Hannifin Corp. | 1,136 | 637,478 | ||||||
Paychex, Inc. (b) | 7,234 | 926,097 | ||||||
Paycom Software, Inc. | 750 | 125,092 | ||||||
Pentair PLC | 1,218 | 107,026 | ||||||
Quanta Services, Inc. | 911 | 241,761 | ||||||
Republic Services, Inc. | 2,604 | 506,009 | ||||||
Rockwell Automation, Inc. | 2,234 | 622,504 | ||||||
Trane Technologies PLC | 2,012 | 672,571 | ||||||
TransDigm Group, Inc. | 685 | 886,541 | ||||||
Uber Technologies, Inc. (a) | 29,656 | 1,911,922 | ||||||
United Rentals, Inc. | 454 | 343,723 | ||||||
Veralto Corp. | 4,021 | 428,478 | ||||||
Verisk Analytics, Inc. | 3,854 | 1,008,784 | ||||||
W.W. Grainger, Inc. | 1,280 | 1,250,317 | ||||||
Waste Management, Inc. | 2,920 | 591,767 | ||||||
Westinghouse Air Brake Technologies Corp. | 1,346 | 216,908 | ||||||
36,221,225 | ||||||||
Information Technology - 43.3%(c) | ||||||||
Accenture PLC - Class A | 5,208 | 1,721,869 | ||||||
Adobe, Inc. (a) | 13,432 | 7,409,763 | ||||||
Advanced Micro Devices, Inc. (a) | 20,129 | 2,908,238 | ||||||
Akamai Technologies, Inc. (a)(b) | 1,307 | 128,452 | ||||||
Amphenol Corp. - Class A | 9,925 | 637,781 | ||||||
Apple, Inc. | 123,388 | 27,402,007 | ||||||
Applied Materials, Inc. | 21,126 | 4,482,937 | ||||||
Arista Networks, Inc. (a) | 2,880 | 998,064 | ||||||
Autodesk, Inc. (a) | 4,512 | 1,116,810 | ||||||
Broadcom, Inc. | 116,001 | 18,639,041 | ||||||
Cadence Design System, Inc. (a) | 2,849 | 762,563 | ||||||
CDW Corp. | 2,200 | 479,842 | ||||||
Cisco Systems, Inc. | 71,836 | 3,480,454 | ||||||
Cognizant Technology Solutions Corp. | 7,347 | 556,021 | ||||||
F5, Inc. (a) | 991 | 201,807 | ||||||
Fair Isaac Corp. (a) | 351 | 561,600 | ||||||
Gartner, Inc. (a)(b) | 2,494 | 1,249,968 | ||||||
Intel Corp. | 33,304 | 1,023,765 | ||||||
International Business Machines Corp. | 10,699 | 2,055,706 | ||||||
Intuit, Inc. | 6,771 | 4,383,207 | ||||||
Jabil, Inc. | 3,524 | 397,049 | ||||||
Keysight Technologies, Inc. (a) | 2,665 | 371,954 | ||||||
KLA Corp. | 3,748 | 3,084,866 | ||||||
Lam Research Corp. | 3,534 | 3,255,662 | ||||||
Microchip Technology, Inc. | 10,588 | 940,003 | ||||||
Microsoft Corp. | 55,523 | 23,228,047 | ||||||
Motorola Solutions, Inc. | 1,297 | 517,399 | ||||||
NVIDIA Corp. | 202,448 | 23,690,465 | ||||||
Palo Alto Networks, Inc. (a) | 9,392 | 3,049,864 | ||||||
PTC, Inc. (a)(b) | 1,051 | 186,920 | ||||||
QUALCOMM, Inc. | 21,397 | 3,871,787 | ||||||
Roper Technologies, Inc. | 967 | 526,773 | ||||||
salesforce.com, Inc. | 11,196 | 2,897,525 | ||||||
ServiceNow, Inc. (a) | 2,308 | 1,879,612 | ||||||
Skyworks Solutions, Inc. | 2,596 | 294,958 | ||||||
Synopsys, Inc. (a) | 1,416 | 790,581 | ||||||
TE Connectivity Ltd. | 5,099 | 786,929 | ||||||
149,970,289 | ||||||||
Materials - 2.2% | ||||||||
Ball Corp. | 7,077 | 451,725 | ||||||
DuPont de Nemours, Inc. (b) | 6,204 | 519,275 | ||||||
Ecolab, Inc. | 2,101 | 484,679 | ||||||
Linde PLC | 3,598 | 1,631,693 | ||||||
LyondellBasell Industries NV - Class A | 4,148 | 412,560 | ||||||
Martin Marietta Materials, Inc. | 1,752 | 1,039,549 | ||||||
Sherwin-Williams Co. | 5,996 | 2,103,397 | ||||||
Vulcan Materials Co. | 2,980 | 818,040 | ||||||
7,460,918 | ||||||||
Utilities - 0.2% | ||||||||
Constellation Energy Corp. | 2,869 | 544,536 | ||||||
NRG Energy, Inc. | 2,520 | 189,428 | ||||||
733,964 | ||||||||
TOTAL COMMON STOCKS (Cost $302,341,766) | 346,033,800 | |||||||
REAL ESTATE INVESTMENT TRUSTS - 0.1% | Shares | Value | ||||||
Iron Mountain, Inc. | 2,194 | 225,017 | ||||||
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $134,528) | 225,017 | |||||||
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 3.1% | ||||||||
Mount Vernon Liquid Assets Portfolio, LLC – 5.51% (d) | 10,647,177 | 10,647,177 | ||||||
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $10,647,177) | 10,647,177 | |||||||
TOTAL INVESTMENTS - 103.0% (Cost $313,123,471) | 356,905,994 | |||||||
Liabilities in Excess of Other Assets - (3.0)% | (10,295,937 | |||||||
TOTAL NET ASSETS - 100.0% | $ | 346,610,057 | ||||||
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. |
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 July 31, 2024. The total market value of these securities was $10,513,387 which represented 3.0% 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 July 31, 2024. |
Summary of Fair Value Disclosure as of July 31, 2024 (Unaudited)
Pacer Lunt Large Cap 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 | $ | 346,033,800 | $ | – | $ | – | $ | 346,033,800 | ||||||||
Real Estate Investment Trusts | 225,017 | – | – | 225,017 | ||||||||||||
Investments Purchased with Proceeds from Securities Lending(a) | – | – | – | 10,647,177 | ||||||||||||
Total Investments | $ | 346,258,817 | $ | – | $ | – | $ | 356,905,994 | ||||||||
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. |