| Pacer Trendpilot 100 ETF | ||||||||
| Schedule of Investments | ||||||||
| July 31, 2024 (Unaudited) | ||||||||
| COMMON STOCKS - 55.7% | Shares | Value | ||||||
| Communication Services - 8.5% | ||||||||
| Alphabet, Inc. - Class A | 110,416 | $ | 18,940,761 | |||||
| Alphabet, Inc. - Class C | 105,262 | 18,226,115 | ||||||
Charter Communications, Inc. - Class A (a)(b) | 7,025 | 2,667,533 | ||||||
| Comcast Corp. - Class A | 189,466 | 7,819,262 | ||||||
| Electronic Arts, Inc. | 12,938 | 1,952,862 | ||||||
| Meta Platforms, Inc. - Class A | 65,335 | 31,023,018 | ||||||
Netflix, Inc. (a) | 20,934 | 13,153,879 | ||||||
Take-Two Interactive Software, Inc. (a) | 8,318 | 1,252,108 | ||||||
| T-Mobile US, Inc. | 56,727 | 10,340,197 | ||||||
Trade Desk, Inc. - Class A (a) | 21,535 | 1,935,566 | ||||||
Warner Bros Discovery, Inc. (a)(b) | 118,071 | 1,021,314 | ||||||
| 108,332,615 | ||||||||
| Consumer Discretionary - 7.2% | ||||||||
Airbnb, Inc. - Class A (a) | 21,201 | 2,958,812 | ||||||
Amazon.com, Inc. (a) | 195,033 | 36,467,270 | ||||||
| Booking Holdings, Inc. | 1,651 | 6,133,482 | ||||||
DoorDash, Inc. - Class A (a)(b) | 18,227 | 2,018,093 | ||||||
Lululemon Athletica, Inc. (a) | 5,858 | 1,515,230 | ||||||
| Marriott International, Inc. | 14,008 | 3,184,018 | ||||||
MercadoLibre, Inc. (a) | 2,440 | 4,072,116 | ||||||
O'Reilly Automotive, Inc. (a) | 2,852 | 3,212,322 | ||||||
PDD Holdings, Inc. - ADR (a) | 32,320 | 4,165,725 | ||||||
| Ross Stores, Inc. | 16,287 | 2,332,787 | ||||||
| Starbucks Corp. | 54,783 | 4,270,335 | ||||||
Tesla Motors, Inc. (a) | 90,468 | 20,994,909 | ||||||
91,325,099 | ||||||||
| Consumer Staples - 3.4% | ||||||||
| Coca-Cola Europacific Partners PLC | 22,101 | 1,630,391 | ||||||
| Costco Wholesale Corp. | 21,469 | 17,647,518 | ||||||
Dollar Tree, Inc. (a) | 10,537 | 1,099,431 | ||||||
| Keurig Dr Pepper, Inc. | 65,611 | 2,249,145 | ||||||
| Mondelez International, Inc. | 65,161 | 4,453,754 | ||||||
Monster Beverage Corp. (a) | 50,362 | 2,591,125 | ||||||
| PepsiCo, Inc. | 66,509 | 11,484,109 | ||||||
| The Kraft Heinz Co. | 58,705 | 2,067,003 | ||||||
| Walgreens Boots Alliance, Inc. | 41,730 | 495,335 | ||||||
43,717,811 | ||||||||
| Energy - 0.3% | ||||||||
| Baker Hughes Co. | 48,437 | 1,875,481 | ||||||
| Diamondback Energy, Inc. | 8,635 | 1,746,947 | ||||||
3,622,428 | ||||||||
| Financials - 0.3% | ||||||||
PayPal Holdings, Inc. (a)(b) | 50,638 | 3,330,968 | ||||||
| Health Care - 3.5% | ||||||||
| Amgen, Inc. | 25,924 | 8,618,952 | ||||||
| AstraZeneca PLC - ADR | 28,180 | 2,230,447 | ||||||
Biogen, Inc. (a) | 7,028 | 1,498,370 | ||||||
DexCom, Inc. (a) | 19,251 | 1,305,603 | ||||||
| GE HealthCare Technologies, Inc. | 22,031 | 1,864,484 | ||||||
| Gilead Sciences, Inc. | 60,289 | 4,585,581 | ||||||
GRAIL, Inc. (a) | 1,280 | 19,686 | ||||||
IDEXX Laboratories, Inc. (a) | 4,020 | 1,914,002 | ||||||
Illumina, Inc. (a) | 7,687 | 942,426 | ||||||
Intuitive Surgical, Inc. (a) | 17,173 | 7,635,288 | ||||||
Moderna, Inc. (a) | 18,484 | 2,203,662 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 5,246 | 5,661,431 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 12,496 | 6,194,517 | ||||||
44,674,449 | ||||||||
| Industrials - 2.5% | ||||||||
| Automatic Data Processing, Inc. | 19,873 | 5,219,047 | ||||||
| Cintas Corp. | 4,898 | 3,741,778 | ||||||
Copart, Inc. (a) | 46,523 | 2,434,548 | ||||||
| CSX Corp. | 94,816 | 3,328,042 | ||||||
| Fastenal Co. | 27,688 | 1,958,926 | ||||||
| Honeywell International, Inc. | 31,556 | 6,461,091 | ||||||
| Old Dominion Freight Line, Inc. | 10,520 | 2,211,094 | ||||||
| PACCAR, Inc. | 25,350 | 2,501,031 | ||||||
Paychex, Inc. (b) | 17,484 | 2,238,302 | ||||||
| Verisk Analytics, Inc. | 6,933 | 1,814,713 | ||||||
31,908,572 | ||||||||
Information Technology - 28.4%(c) | ||||||||
Adobe, Inc. (a) | 21,680 | 11,959,772 | ||||||
Advanced Micro Devices, Inc. (a) | 78,193 | 11,297,325 | ||||||
| Analog Devices, Inc. | 23,991 | 5,551,038 | ||||||
ANSYS, Inc. (a) | 4,207 | 1,319,441 | ||||||
| Apple, Inc. | 287,369 | 63,818,908 | ||||||
| Applied Materials, Inc. | 40,204 | 8,531,289 | ||||||
ARM Holdings PLC - ADR (a)(b) | 5,722 | 824,941 | ||||||
| ASML Holding NV | 4,402 | 4,123,353 | ||||||
Atlassian Corp. - Class A (a) | 7,650 | 1,350,760 | ||||||
Autodesk, Inc. (a) | 10,356 | 2,563,317 | ||||||
| Broadcom, Inc. | 224,360 | 36,050,165 | ||||||
Cadence Design System, Inc. (a) | 13,173 | 3,525,885 | ||||||
| CDW Corp. | 6,496 | 1,416,843 | ||||||
| Cisco Systems, Inc. | 195,964 | 9,494,456 | ||||||
| Cognizant Technology Solutions Corp. - Class A | 24,086 | 1,822,828 | ||||||
Crowdstrike Holdings, Inc. - Class A (a) | 11,166 | 2,590,065 | ||||||
Datadog, Inc. - Class A (a) | 14,798 | 1,723,079 | ||||||
Fortinet, Inc. (a) | 36,918 | 2,142,721 | ||||||
GLOBALFOUNDRIES, Inc. (a)(b) | 26,507 | 1,352,122 | ||||||
| Intel Corp. | 206,056 | 6,334,161 | ||||||
| Intuit, Inc. | 13,547 | 8,769,650 | ||||||
| KLA Corp. | 6,545 | 5,386,993 | ||||||
| Lam Research Corp. | 6,333 | 5,834,213 | ||||||
| Marvell Technology, Inc. | 41,829 | 2,801,706 | ||||||
| Microchip Technology, Inc. | 26,144 | 2,321,064 | ||||||
| Micron Technology, Inc. | 53,600 | 5,886,352 | ||||||
| Microsoft Corp. | 139,286 | 58,270,298 | ||||||
MongoDB, Inc. (a)(b) | 3,503 | 884,017 | ||||||
| NVIDIA Corp. | 460,993 | 53,945,401 | ||||||
| NXP Semiconductors NV | 12,405 | 3,264,500 | ||||||
ON Semiconductor Corp. (a) | 20,677 | 1,617,975 | ||||||
Palo Alto Networks, Inc. (a) | 15,625 | 5,073,906 | ||||||
| QUALCOMM, Inc. | 54,000 | 9,771,300 | ||||||
| Roper Technologies, Inc. | 5,178 | 2,820,716 | ||||||
Synopsys, Inc. (a) | 7,374 | 4,117,052 | ||||||
| Texas Instruments, Inc. | 43,996 | 8,966,825 | ||||||
Workday, Inc. - Class A (a) | 10,107 | 2,295,502 | ||||||
Zscaler, Inc. (a) | 7,173 | 1,286,478 | ||||||
| 361,106,417 | ||||||||
| Materials - 0.8% | ||||||||
| Linde PLC | 23,300 | 10,566,550 | ||||||
| Real Estate - 0.1% | ||||||||
CoStar Group, Inc. (a) | 19,765 | 1,542,065 | ||||||
| Utilities - 0.7% | ||||||||
| American Electric Power Co., Inc. | 25,459 | 2,498,037 | ||||||
| Constellation Energy Corp. | 15,322 | 2,908,116 | ||||||
| Exelon Corp. | 48,367 | 1,799,252 | ||||||
| Xcel Energy, Inc. | 26,862 | 1,565,517 | ||||||
8,770,922 | ||||||||
TOTAL COMMON STOCKS (Cost $490,747,025) | 708,897,896 | |||||||
| INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.7% | ||||||||
Mount Vernon Liquid Assets Portfolio, LLC – 5.51% (d) | 9,488,841 | 9,488,841 | ||||||
| TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $9,488,841) | 9,488,841 | |||||||
| SHORT-TERM INVESTMENTS – 43.8% | Par | |||||||
| U.S. Treasury Bills - 43.8% | ||||||||
5.31%, 08/15/2024 (e) | 48,000,000 | 47,901,752 | ||||||
5.31%, 08/22/2024 (e) | 480,000,000 | 478,525,800 | ||||||
5.30%, 10/03/2024 (e) | 30,000,000 | 29,728,706 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $556,160,410) | 556,156,258 | |||||||
TOTAL INVESTMENTS - 100.2% (Cost $1,056,396,276) | 1,274,542,995 | |||||||
| Liabilities in Excess of Other Assets - (0.2)% | (1,951,527 | ) | ||||||
| TOTAL NET ASSETS - 100.0% | $ | 1,272,591,468 | ||||||
| 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. | ||||||||
| ADR - American Depositary Receipt |
| ARM Adjustable Rate Mortgage |
| 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 $9,441,607 which represented 0.7% 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. |
| (e) | The rate shown is the effective yield as of July 31, 2024. |
Summary of Fair Value Disclosure as of July 31, 2024 (Unaudited)
Pacer Trendpilot 100 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 | $ | 708,897,896 | $ | – | $ | – | $ | 708,897,896 | ||||||||
Investments Purchased with Proceeds from Securities Lending(a) | – | – | – | 9,488,841 | ||||||||||||
| U.S. Treasury Bills | – | 556,156,258 | – | 556,156,258 | ||||||||||||
| Total Investments | $ | 708,897,896 | $ | 556,156,258 | $ | – | $ | 1,274,542,995 | ||||||||
| 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. |