Pacer Trendpilot US Large Cap ETF | ||||||||
Schedule of Investments | ||||||||
July 31, 2024 (Unaudited) | ||||||||
COMMON STOCKS - 97.8% | Shares | Value | ||||||
Communication Services - 8.8% | ||||||||
Alphabet, Inc. - Class A | 368,571 | $ | 63,224,669 | |||||
Alphabet, Inc. - Class C | 306,589 | 53,085,885 | ||||||
AT&T, Inc. | 452,078 | 8,702,502 | ||||||
Charter Communications, Inc. - Class A (a)(b) | 6,467 | 2,455,649 | ||||||
Comcast Corp. - Class A | 245,557 | 10,134,137 | ||||||
Electronic Arts, Inc. | 15,609 | 2,356,022 | ||||||
Fox Corp. - Class A (b) | 16,083 | 611,797 | ||||||
Fox Corp. - Class B | 8,339 | 295,451 | ||||||
Interpublic Group of Cos., Inc. (b) | 24,392 | 784,691 | ||||||
Live Nation Entertainment, Inc. (a)(b) | 8,992 | 864,941 | ||||||
Match Group, Inc. (a) | 17,623 | 672,141 | ||||||
Meta Platforms, Inc. - Class A | 137,543 | 65,309,543 | ||||||
Netflix, Inc. (a) | 27,277 | 17,139,503 | ||||||
News Corp. - Class A | 24,090 | 664,402 | ||||||
News Corp. - Class B (b) | 7,269 | 207,094 | ||||||
Omnicom Group, Inc. (b) | 12,476 | 1,223,147 | ||||||
Paramount Global - Class B (b) | 30,516 | 348,493 | ||||||
Take-Two Interactive Software, Inc. (a) | 10,051 | 1,512,977 | ||||||
T-Mobile US, Inc. | 32,910 | 5,998,835 | ||||||
Verizon Communications, Inc. | 264,118 | 10,702,061 | ||||||
Walt Disney Co. | 115,543 | 10,825,224 | ||||||
Warner Bros Discovery, Inc. (a)(b) | 140,251 | 1,213,171 | ||||||
258,332,335 | ||||||||
Consumer Discretionary - 10.0% | ||||||||
Airbnb, Inc. - Class A (a) | 27,736 | 3,870,836 | ||||||
Amazon.com, Inc. (a) | 577,396 | 107,961,504 | ||||||
Aptiv PLC (a) | 17,824 | 1,236,807 | ||||||
AutoZone, Inc. (a) | 1,079 | 3,381,252 | ||||||
Bath & Body Works, Inc. | 14,447 | 530,927 | ||||||
Best Buy Co., Inc. | 12,274 | 1,061,946 | ||||||
Booking Holdings, Inc. | 2,173 | 8,072,717 | ||||||
BorgWarner, Inc. | 14,898 | 526,048 | ||||||
Caesars Entertainment, Inc. (a) | 13,638 | 544,838 | ||||||
CarMax, Inc. (a)(b) | 10,051 | 848,706 | ||||||
Carnival Corp. (a) | 63,682 | 1,060,942 | ||||||
Chipotle Mexican Grill, Inc. (a) | 84,665 | 4,599,003 | ||||||
Darden Restaurants, Inc. (b) | 7,628 | 1,115,900 | ||||||
Deckers Outdoor Corp. (a) | 1,633 | 1,506,655 | ||||||
Domino's Pizza, Inc. | 2,223 | 953,000 | ||||||
DR Horton, Inc. | 19,243 | 3,462,393 | ||||||
eBay, Inc. | 31,779 | 1,767,230 | ||||||
Etsy, Inc. (a) | 7,828 | 509,916 | ||||||
Expedia Group, Inc. (a) | 7,879 | 1,005,912 | ||||||
Ford Motor Co. | 248,576 | 2,689,592 | ||||||
Garmin Ltd. | 9,693 | 1,659,926 | ||||||
General Motors Co. | 72,731 | 3,223,438 | ||||||
Genuine Parts Co. | 8,890 | 1,307,808 | ||||||
Hasbro, Inc. | 8,231 | 530,570 | ||||||
Hilton Worldwide Holdings, Inc. | 15,537 | 3,335,328 | ||||||
Home Depot, Inc. | 62,733 | 23,095,781 | ||||||
Las Vegas Sands Corp. | 23,379 | 927,445 | ||||||
Lennar Corp. - Class A | 15,959 | 2,823,626 | ||||||
LKQ Corp. | 16,912 | 701,848 | ||||||
Lowe's Cos., Inc. | 35,878 | 8,808,408 | ||||||
Lululemon Athletica, Inc. (a) | 7,065 | 1,827,433 | ||||||
Marriott International, Inc. - Class A | 15,131 | 3,439,276 | ||||||
McDonald's Corp. | 45,227 | 12,003,246 | ||||||
MGM Resorts International (a) | 17,748 | 762,632 | ||||||
Mohawk Industries, Inc. (a) | 3,384 | 545,061 | ||||||
NIKE, Inc. - Class B | 76,040 | 5,692,354 | ||||||
Norwegian Cruise Line Holdings Ltd. (a) | 26,916 | 496,062 | ||||||
NVR, Inc. (a) | 200 | 1,721,496 | ||||||
O'Reilly Automotive, Inc. (a) | 3,725 | 4,195,617 | ||||||
Pool Corp. (b) | 2,423 | 906,299 | ||||||
PulteGroup, Inc. | 13,844 | 1,827,408 | ||||||
Ralph Lauren Corp. | 2,523 | 443,014 | ||||||
Ross Stores, Inc. | 21,566 | 3,088,898 | ||||||
Royal Caribbean Cruises Ltd. (a)(b) | 14,897 | 2,334,658 | ||||||
Starbucks Corp. | 70,861 | 5,523,615 | ||||||
Tapestry, Inc. | 14,697 | 589,203 | ||||||
Tesla Motors, Inc. (a) | 174,716 | 40,546,342 | ||||||
TJX Cos., Inc. | 70,931 | 8,016,622 | ||||||
Tractor Supply Co. (b) | 6,869 | 1,808,745 | ||||||
Ulta Beauty, Inc. (a) | 3,182 | 1,161,080 | ||||||
Wynn Resorts Ltd. | 6,116 | 506,527 | ||||||
Yum! Brands, Inc. (b) | 17,732 | 2,355,342 | ||||||
292,911,232 | ||||||||
Consumer Staples - 5.8% | ||||||||
Altria Group, Inc. | 107,756 | 5,281,122 | ||||||
Archer-Daniels-Midland Co. | 30,981 | 1,921,132 | ||||||
Brown-Forman Corp. - Class B (b) | 11,615 | 524,533 | ||||||
Bunge Global SA | 9,524 | 1,002,211 | ||||||
Campbell Soup Co. (b) | 12,476 | 584,625 | ||||||
Church & Dwight Co., Inc. | 15,501 | 1,519,253 | ||||||
Clorox Co. | 7,830 | 1,033,012 | ||||||
Coca-Cola Co. | 243,286 | 16,236,908 | ||||||
Colgate-Palmolive Co. | 52,275 | 5,185,157 | ||||||
Conagra Brands, Inc. | 30,200 | 915,664 | ||||||
Constellation Brands, Inc. - Class A | 10,253 | 2,513,625 | ||||||
Costco Wholesale Corp. | 27,926 | 22,955,172 | ||||||
Dollar General Corp. | 13,838 | 1,665,957 | ||||||
Dollar Tree, Inc. (a) | 13,186 | 1,375,827 | ||||||
Estee Lauder Cos., Inc. - Class - | 14,697 | 1,463,968 | ||||||
General Mills, Inc. | 35,463 | 2,380,986 | ||||||
Hershey Co. (b) | 9,492 | 1,874,480 | ||||||
Hormel Foods Corp. | 18,284 | 587,099 | ||||||
J M Smucker Co. | 6,769 | 798,404 | ||||||
Kellanova | 16,662 | 968,895 | ||||||
Kenvue, Inc. | 120,124 | 2,221,093 | ||||||
Keurig Dr Pepper, Inc. | 63,637 | 2,181,476 | ||||||
Kimberly-Clark Corp. | 21,316 | 2,878,726 | ||||||
Kroger Co. | 41,715 | 2,273,467 | ||||||
Lamb Weston Holdings, Inc. (b) | 9,192 | 551,704 | ||||||
McCormick & Co., Inc. | 15,859 | 1,221,302 | ||||||
Molson Coors Beverage Co. - Class B (b) | 11,715 | 619,138 | ||||||
Mondelez International, Inc. - Class A | 84,148 | 5,751,516 | ||||||
Monster Beverage Corp. (a) | 44,466 | 2,287,776 | ||||||
PepsiCo, Inc. | 86,272 | 14,896,586 | ||||||
Philip Morris International, Inc. | 97,538 | 11,232,476 | ||||||
Procter & Gamble Co. | 148,098 | 23,808,234 | ||||||
Sysco Corp. | 31,870 | 2,442,836 | ||||||
Target Corp. | 29,139 | 4,382,797 | ||||||
The Kraft Heinz Co. | 50,454 | 1,776,485 | ||||||
Tyson Foods, Inc. - Class A | 18,082 | 1,101,194 | ||||||
Walgreens Boots Alliance, Inc. (b) | 45,320 | 537,948 | ||||||
Walmart, Inc. | 269,873 | 18,524,083 | ||||||
169,476,867 | ||||||||
Energy - 3.7% | ||||||||
APA Corp. (b) | 22,564 | 703,771 | ||||||
Baker Hughes Co. | 63,882 | 2,473,511 | ||||||
Chevron Corp. (b) | 107,491 | 17,249,081 | ||||||
ConocoPhillips | 74,007 | 8,229,578 | ||||||
Coterra Energy, Inc. | 47,930 | 1,236,594 | ||||||
Devon Energy Corp. | 40,562 | 1,907,631 | ||||||
Diamondback Energy, Inc. | 11,315 | 2,289,138 | ||||||
EOG Resources, Inc. | 36,866 | 4,674,609 | ||||||
EQT Corp. (b) | 27,758 | 957,929 | ||||||
Exxon Mobil Corp. | 281,489 | 33,381,781 | ||||||
Halliburton Co. | 56,821 | 1,970,552 | ||||||
Hess Corp. | 17,523 | 2,688,379 | ||||||
Kinder Morgan, Inc. | 122,594 | 2,590,411 | ||||||
Marathon Oil Corp. | 38,345 | 1,075,577 | ||||||
Marathon Petroleum Corp. | 22,075 | 3,907,716 | ||||||
Occidental Petroleum Corp. (b) | 41,942 | 2,550,912 | ||||||
ONEOK, Inc. | 36,894 | 3,074,377 | ||||||
Phillips 66 | 27,025 | 3,931,597 | ||||||
Schlumberger Ltd. | 89,886 | 4,340,595 | ||||||
Targa Resources Corp. | 14,138 | 1,912,589 | ||||||
Valero Energy Corp. | 20,706 | 3,348,574 | ||||||
Williams Cos., Inc. | 76,870 | 3,300,798 | ||||||
107,795,700 | ||||||||
Financials - 13.0% | ||||||||
Aflac, Inc. | 32,428 | 3,092,983 | ||||||
Allstate Corp. | 16,570 | 2,835,458 | ||||||
American Express Co. | 35,741 | 9,043,903 | ||||||
American International Group, Inc. | 42,902 | 3,399,125 | ||||||
Ameriprise Financial, Inc. | 6,261 | 2,692,668 | ||||||
Aon PLC - Class A | 13,683 | 4,495,002 | ||||||
Arch Capital Group Ltd. (a) | 23,531 | 2,253,799 | ||||||
Arthur J Gallagher & Co. | 13,638 | 3,866,237 | ||||||
Assurant, Inc. | 3,384 | 591,760 | ||||||
Bank of America Corp. | 426,895 | 17,208,137 | ||||||
Bank of New York Mellon Corp. | 46,928 | 3,053,605 | ||||||
Berkshire Hathaway, Inc. - Class B (a) | 113,634 | 49,828,509 | ||||||
BlackRock, Inc. | 8,765 | 7,682,523 | ||||||
Blackstone, Inc. | 44,943 | 6,388,647 | ||||||
Brown & Brown, Inc. | 14,900 | 1,481,507 | ||||||
Capital One Financial Corp. | 24,090 | 3,647,226 | ||||||
Cboe Global Markets, Inc. | 6,669 | 1,223,828 | ||||||
Charles Schwab Corp. | 94,006 | 6,128,251 | ||||||
Chubb Ltd. | 25,452 | 7,016,098 | ||||||
Cincinnati Financial Corp. | 9,951 | 1,299,800 | ||||||
Citigroup, Inc. | 119,656 | 7,763,281 | ||||||
Citizens Financial Group, Inc. | 29,905 | 1,276,046 | ||||||
CME Group, Inc. | 22,728 | 4,402,641 | ||||||
Corpay, Inc. (a) | 4,646 | 1,355,796 | ||||||
Discover Financial Services | 15,867 | 2,284,689 | ||||||
Everest Group Ltd. | 2,723 | 1,069,785 | ||||||
FactSet Research Systems, Inc. | 2,423 | 1,000,917 | ||||||
Fidelity National Information Services, Inc. | 34,865 | 2,678,678 | ||||||
Fifth Third Bancorp | 43,085 | 1,824,219 | ||||||
Fiserv, Inc. (a) | 37,077 | 6,064,685 | ||||||
Franklin Resources, Inc. (b) | 17,934 | 410,151 | ||||||
Global Payments, Inc. | 16,469 | 1,673,909 | ||||||
Globe Life, Inc. | 5,505 | 510,534 | ||||||
Goldman Sachs Group, Inc. | 20,266 | 10,316,002 | ||||||
Hartford Financial Services Group, Inc. | 19,355 | 2,146,857 | ||||||
Huntington Bancshares, Inc./OH | 91,549 | 1,368,658 | ||||||
Intercontinental Exchange, Inc. | 36,143 | 5,477,833 | ||||||
Invesco Ltd. | 28,385 | 489,925 | ||||||
Jack Henry & Associates, Inc. | 4,646 | 796,696 | ||||||
JPMorgan Chase & Co. | 180,208 | 38,348,262 | ||||||
KeyCorp. | 59,229 | 955,364 | ||||||
KKR & Co., Inc. | 41,716 | 5,149,840 | ||||||
Loews Corp. | 11,723 | 937,254 | ||||||
M&T Bank Corp. | 10,471 | 1,802,792 | ||||||
MarketAxess Holdings, Inc. | 2,423 | 541,613 | ||||||
Marsh & McLennan Cos., Inc. | 31,261 | 6,957,761 | ||||||
Mastercard, Inc. - Class A | 51,960 | 24,094,372 | ||||||
MetLife, Inc. | 37,495 | 2,881,491 | ||||||
Moody's Corp. | 9,951 | 4,542,433 | ||||||
Morgan Stanley | 78,458 | 8,097,650 | ||||||
MSCI, Inc. | 4,946 | 2,674,599 | ||||||
Nasdaq, Inc. | 24,000 | 1,624,320 | ||||||
Northern Trust Corp. | 13,077 | 1,159,276 | ||||||
PayPal Holdings, Inc. (a) | 66,346 | 4,364,240 | ||||||
PNC Financial Services Group, Inc. | 25,151 | 4,554,846 | ||||||
Principal Financial Group, Inc. | 14,046 | 1,144,889 | ||||||
Progressive Corp. | 37,069 | 7,937,214 | ||||||
Prudential Financial, Inc. | 22,928 | 2,873,337 | ||||||
Raymond James Financial, Inc. (b) | 11,923 | 1,383,068 | ||||||
Regions Financial Corp. | 59,327 | 1,327,145 | ||||||
S&P Global, Inc. | 20,172 | 9,777,974 | ||||||
State Street Corp. | 18,388 | 1,562,428 | ||||||
Synchrony Financial | 26,429 | 1,342,329 | ||||||
T Rowe Price Group, Inc. | 14,138 | 1,614,701 | ||||||
Travelers Cos., Inc. | 14,447 | 3,126,909 | ||||||
Truist Financial Corp. | 84,239 | 3,764,641 | ||||||
US Bancorp | 98,472 | 4,419,423 | ||||||
Visa, Inc. - Class A | 98,817 | 26,252,712 | ||||||
W R Berkley Corp. | 19,316 | 1,064,891 | ||||||
Wells Fargo & Co. | 218,780 | 12,982,405 | ||||||
Willis Towers Watson PLC | 6,667 | 1,881,961 | ||||||
381,282,508 | ||||||||
Health Care - 11.9% | ||||||||
Abbott Laboratories | 109,129 | 11,561,126 | ||||||
AbbVie, Inc. | 110,791 | 20,531,788 | ||||||
Agilent Technologies, Inc. | 18,648 | 2,636,827 | ||||||
Align Technology, Inc. (a) | 4,546 | 1,054,127 | ||||||
Amgen, Inc. | 33,705 | 11,205,901 | ||||||
Baxter International, Inc. | 32,020 | 1,146,956 | ||||||
Becton Dickinson & Co. | 18,384 | 4,431,647 | ||||||
Biogen, Inc. (a) | 9,192 | 1,959,734 | ||||||
Bio-Rad Laboratories, Inc. - Class A (a)(b) | 1,358 | 459,493 | ||||||
Bio-Techne Corp. | 9,951 | 811,902 | ||||||
Boston Scientific Corp. (a) | 92,652 | 6,845,130 | ||||||
Bristol-Myers Squibb Co. | 126,106 | 5,997,601 | ||||||
Cardinal Health, Inc. | 16,059 | 1,619,229 | ||||||
Catalent, Inc. (a) | 11,415 | 677,366 | ||||||
Cencora, Inc. | 10,554 | 2,510,586 | ||||||
Centene Corp. (a) | 34,201 | 2,630,741 | ||||||
Charles River Laboratories International, Inc. (a) | 3,284 | 801,624 | ||||||
Cigna Corp. | 18,157 | 6,330,801 | ||||||
Cooper Cos., Inc. | 12,697 | 1,185,011 | ||||||
CVS Health Corp. | 78,761 | 4,751,651 | ||||||
Danaher Corp. | 41,412 | 11,474,437 | ||||||
DaVita, Inc. (a)(b) | 3,384 | 462,322 | ||||||
DexCom, Inc. (a) | 24,493 | 1,661,115 | ||||||
Edwards Lifesciences Corp. (a) | 38,439 | 2,423,579 | ||||||
Elevance Health, Inc. | 14,590 | 7,762,318 | ||||||
Eli Lilly & Co. | 50,136 | 40,322,881 | ||||||
GE HealthCare Technologies, Inc. | 26,669 | 2,256,997 | ||||||
Gilead Sciences, Inc. | 78,790 | 5,992,767 | ||||||
HCA Healthcare, Inc. | 12,117 | 4,399,077 | ||||||
Henry Schein, Inc. (a) | 8,231 | 592,138 | ||||||
Hologic, Inc. (a) | 15,509 | 1,265,690 | ||||||
Humana, Inc. | 7,828 | 2,830,683 | ||||||
IDEXX Laboratories, Inc. (a) | 5,305 | 2,525,817 | ||||||
Incyte Corp. (a) | 11,715 | 762,295 | ||||||
Insulet Corp. (a) | 4,462 | 867,190 | ||||||
Intuitive Surgical, Inc. (a) | 22,170 | 9,857,004 | ||||||
IQVIA Holdings, Inc. (a) | 11,615 | 2,859,961 | ||||||
Johnson & Johnson | 151,009 | 23,836,771 | ||||||
Labcorp Holdings, Inc. | 4,974 | 1,071,599 | ||||||
McKesson Corp. | 8,139 | 5,021,926 | ||||||
Medtronic PLC | 84,179 | 6,761,257 | ||||||
Merck & Co., Inc. | 158,904 | 17,976,810 | ||||||
Mettler-Toledo International, Inc. (a) | 1,358 | 2,065,559 | ||||||
Moderna, Inc. (a) | 20,907 | 2,492,533 | ||||||
Molina Healthcare, Inc. (a) | 3,685 | 1,257,580 | ||||||
Pfizer, Inc. | 355,540 | 10,858,192 | ||||||
Quest Diagnostics, Inc. | 7,069 | 1,005,919 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 6,769 | 7,305,037 | ||||||
ResMed, Inc. (b) | 9,292 | 1,981,519 | ||||||
Revvity, Inc. | 7,830 | 983,526 | ||||||
Solventum Corp. (a) | 8,749 | 515,141 | ||||||
STERIS PLC | 6,208 | 1,482,222 | ||||||
Stryker Corp. | 21,316 | 6,979,924 | ||||||
Teleflex, Inc. | 2,982 | 658,783 | ||||||
Thermo Fisher Scientific, Inc. | 23,995 | 14,717,093 | ||||||
UnitedHealth Group, Inc. | 58,117 | 33,484,691 | ||||||
Universal Health Services, Inc. - Class B | 3,902 | 834,092 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 16,181 | 8,021,245 | ||||||
Viatris, Inc. | 75,816 | 914,341 | ||||||
Waters Corp. (a) | 3,685 | 1,239,192 | ||||||
West Pharmaceutical Services, Inc. | 4,646 | 1,422,466 | ||||||
Zimmer Biomet Holdings, Inc. | 13,186 | 1,468,261 | ||||||
Zoetis, Inc. | 28,386 | 5,110,615 | ||||||
346,931,806 | ||||||||
Industrials - 8.4% | ||||||||
3M Co. | 34,937 | 4,456,214 | ||||||
A O Smith Corp. | 7,930 | 674,367 | ||||||
Allegion PLC | 5,607 | 767,094 | ||||||
American Airlines Group, Inc. (a)(b) | 41,380 | 440,283 | ||||||
AMETEK, Inc. | 14,597 | 2,532,288 | ||||||
Automatic Data Processing, Inc. | 25,472 | 6,689,457 | ||||||
Axon Enterprise, Inc. (a) | 4,426 | 1,327,844 | ||||||
Boeing Co. (a) | 36,188 | 6,897,433 | ||||||
Broadridge Financial Solutions, Inc. | 7,470 | 1,598,580 | ||||||
Builders FirstSource, Inc. (a) | 7,852 | 1,314,189 | ||||||
Carrier Global Corp. | 53,028 | 3,611,737 | ||||||
Caterpillar, Inc. (b) | 30,716 | 10,633,879 | ||||||
Ceridian HCM Holding, Inc. (a)(b) | 9,793 | 580,529 | ||||||
CH Robinson Worldwide, Inc. | 7,369 | 656,209 | ||||||
Cintas Corp. | 5,507 | 4,207,018 | ||||||
Copart, Inc. (a) | 54,957 | 2,875,900 | ||||||
CSX Corp. | 121,550 | 4,266,405 | ||||||
Cummins, Inc. | 8,586 | 2,505,395 | ||||||
Deere & Co. | 16,288 | 6,058,810 | ||||||
Delta Air Lines, Inc. | 40,654 | 1,748,935 | ||||||
Dover Corp. | 8,890 | 1,638,071 | ||||||
Eaton Corp. PLC | 25,251 | 7,696,252 | ||||||
Emerson Electric Co. | 36,176 | 4,236,571 | ||||||
Equifax, Inc. (b) | 7,730 | 2,159,530 | ||||||
Expeditors International of Washington, Inc. | 9,400 | 1,173,308 | ||||||
Fastenal Co. | 36,120 | 2,555,490 | ||||||
FedEx Corp. | 14,191 | 4,289,230 | ||||||
Fortive Corp. | 22,261 | 1,599,453 | ||||||
GE Vernova, Inc. (a) | 16,924 | 3,016,534 | ||||||
Generac Holdings, Inc. (a) | 3,885 | 604,817 | ||||||
General Dynamics Corp. | 14,339 | 4,283,203 | ||||||
General Electric Co. | 68,653 | 11,684,741 | ||||||
Honeywell International, Inc. | 40,990 | 8,392,702 | ||||||
Howmet Aerospace, Inc. | 24,785 | 2,371,924 | ||||||
Hubbell, Inc. (b) | 3,372 | 1,334,132 | ||||||
Huntington Ingalls Industries, Inc. | 2,523 | 706,390 | ||||||
IDEX Corp. | 4,746 | 989,446 | ||||||
Illinois Tool Works, Inc. | 16,903 | 4,179,774 | ||||||
Ingersoll Rand, Inc. | 25,553 | 2,565,521 | ||||||
Jacobs Solutions, Inc. | 7,930 | 1,160,555 | ||||||
JB Hunt Trasport Services, Inc. | 5,155 | 892,588 | ||||||
Johnson Controls International PLC | 42,985 | 3,075,147 | ||||||
L3Harris Technologies, Inc. | 11,916 | 2,703,621 | ||||||
Leidos Holdings, Inc. | 8,640 | 1,247,616 | ||||||
Lockheed Martin Corp. | 13,646 | 7,395,040 | ||||||
Masco Corp. | 14,238 | 1,108,428 | ||||||
Nordson Corp. | 3,384 | 847,117 | ||||||
Norfolk Southern Corp. | 14,347 | 3,580,437 | ||||||
Northrop Grumman Corp. | 8,684 | 4,205,835 | ||||||
Old Dominion Freight Line, Inc. | 11,414 | 2,398,994 | ||||||
Otis Worldwide Corp. | 26,062 | 2,462,859 | ||||||
PACCAR, Inc. | 33,088 | 3,264,462 | ||||||
Parker-Hannifin Corp. | 8,131 | 4,562,792 | ||||||
Paychex, Inc. (b) | 20,255 | 2,593,045 | ||||||
Paycom Software, Inc. | 3,082 | 514,047 | ||||||
Pentair PLC | 10,454 | 918,593 | ||||||
Quanta Services, Inc. | 9,192 | 2,439,373 | ||||||
Republic Services, Inc. | 12,977 | 2,521,691 | ||||||
Rockwell Automation, Inc. | 7,269 | 2,025,507 | ||||||
Rollins, Inc. | 17,744 | 850,115 | ||||||
RTX Corp. | 83,542 | 9,815,350 | ||||||
Snap-On, Inc. | 3,384 | 971,310 | ||||||
Southwest Airlines Co. (b) | 37,678 | 1,015,045 | ||||||
Stanley Black & Decker, Inc. | 9,693 | 1,023,775 | ||||||
Textron, Inc. | 12,574 | 1,168,125 | ||||||
Trane Technologies PLC | 14,447 | 4,829,343 | ||||||
TransDigm Group, Inc. | 3,485 | 4,510,357 | ||||||
Uber Technologies, Inc. (a) | 131,146 | 8,454,983 | ||||||
Union Pacific Corp. | 38,329 | 9,456,914 | ||||||
United Airlines Holdings, Inc. (a) | 20,707 | 940,512 | ||||||
United Parcel Service, Inc. - Class B | 45,708 | 5,958,952 | ||||||
United Rentals, Inc. | 4,144 | 3,137,422 | ||||||
Veralto Corp. | 13,842 | 1,475,004 | ||||||
Verisk Analytics, Inc. | 9,155 | 2,396,321 | ||||||
W.W. Grainger, Inc. | 2,823 | 2,757,535 | ||||||
Waste Management, Inc. | 23,338 | 4,729,679 | ||||||
Westinghouse Air Brake Technologies Corp. | 11,315 | 1,823,412 | ||||||
Xylem, Inc. | 15,211 | 2,030,668 | ||||||
246,582,224 | ||||||||
Information Technology - 31.4%(c) | ||||||||
Accenture PLC - Class A | 39,452 | 13,043,620 | ||||||
Adobe, Inc. (a) | 28,132 | 15,519,018 | ||||||
Advanced Micro Devices, Inc. (a) | 101,815 | 14,710,231 | ||||||
Akamai Technologies, Inc. (a) | 9,600 | 943,488 | ||||||
Amphenol Corp. - Class A | 75,362 | 4,842,762 | ||||||
Analog Devices, Inc. | 31,080 | 7,191,290 | ||||||
ANSYS, Inc. (a) | 5,507 | 1,727,160 | ||||||
Apple, Inc. | 908,827 | 201,832,300 | ||||||
Applied Materials, Inc. | 52,106 | 11,056,893 | ||||||
Arista Networks, Inc. (a) | 15,861 | 5,496,630 | ||||||
Autodesk, Inc. (a) | 13,536 | 3,350,431 | ||||||
Broadcom, Inc. | 273,635 | 43,967,672 | ||||||
Cadence Design System, Inc. (a) | 17,223 | 4,609,908 | ||||||
CDW Corp. | 8,431 | 1,838,885 | ||||||
Cisco Systems, Inc. | 256,172 | 12,411,533 | ||||||
Cognizant Technology Solutions Corp. - Class A | 31,870 | 2,411,922 | ||||||
Corning, Inc. | 48,582 | 1,943,766 | ||||||
Crowdstrike Holdings, Inc. - Class A (a) | 14,472 | 3,356,925 | ||||||
Enphase Energy, Inc. (a)(b) | 8,632 | 993,629 | ||||||
EPAM Systems, Inc. (a) | 3,685 | 792,754 | ||||||
F5, Inc. (a) | 3,785 | 770,777 | ||||||
Fair Isaac Corp. (a) | 1,587 | 2,539,200 | ||||||
First Solar, Inc. (a) | 6,761 | 1,460,308 | ||||||
Fortinet, Inc. (a) | 38,688 | 2,245,451 | ||||||
Gartner, Inc. (a) | 4,946 | 2,478,886 | ||||||
Gen Digital, Inc. | 35,613 | 925,582 | ||||||
GoDaddy, Inc. - Class A (a) | 8,848 | 1,286,942 | ||||||
Hewlett Packard Enterprise Co. | 81,616 | 1,624,975 | ||||||
HP, Inc. | 54,808 | 1,978,021 | ||||||
Intel Corp. | 267,112 | 8,211,023 | ||||||
International Business Machines Corp. | 57,619 | 11,070,915 | ||||||
Intuit, Inc. | 17,552 | 11,362,287 | ||||||
Jabil, Inc. | 8,152 | 918,486 | ||||||
Juniper Networks, Inc. | 20,255 | 763,411 | ||||||
Keysight Technologies, Inc. (a) | 11,313 | 1,578,955 | ||||||
KLA Corp. | 8,390 | 6,905,557 | ||||||
Lam Research Corp. | 8,248 | 7,598,388 | ||||||
Microchip Technology, Inc. | 34,443 | 3,057,850 | ||||||
Micron Technology, Inc. | 69,331 | 7,613,930 | ||||||
Microsoft Corp. | 468,503 | 195,998,230 | ||||||
Monolithic Power Systems, Inc. | 3,079 | 2,657,454 | ||||||
Motorola Solutions, Inc. | 10,554 | 4,210,202 | ||||||
NetApp, Inc. | 13,286 | 1,687,056 | ||||||
NVIDIA Corp. | 1,550,983 | 181,496,031 | ||||||
NXP Semiconductors NV | 16,261 | 4,279,245 | ||||||
ON Semiconductor Corp. (a) | 27,224 | 2,130,278 | ||||||
Oracle Corp. | 100,469 | 14,010,402 | ||||||
Palo Alto Networks, Inc. (a) | 20,278 | 6,584,875 | ||||||
PTC, Inc. (a)(b) | 7,505 | 1,334,764 | ||||||
Qorvo, Inc. (a) | 6,216 | 744,677 | ||||||
QUALCOMM, Inc. | 70,416 | 12,741,775 | ||||||
Roper Technologies, Inc. | 6,769 | 3,687,413 | ||||||
salesforce.com, Inc. | 60,913 | 15,764,284 | ||||||
Seagate Technology Holdings PLC | 12,124 | 1,238,709 | ||||||
ServiceNow, Inc. (a) | 12,877 | 10,486,900 | ||||||
Skyworks Solutions, Inc. | 10,053 | 1,142,222 | ||||||
Super Micro Computer, Inc. (a)(b) | 3,097 | 2,173,010 | ||||||
Synopsys, Inc. (a) | 9,592 | 5,355,405 | ||||||
TE Connectivity Ltd. | 19,854 | 3,064,068 | ||||||
Teledyne Technologies, Inc. (a) | 2,982 | 1,257,987 | ||||||
Teradyne, Inc. | 9,701 | 1,272,383 | ||||||
Texas Instruments, Inc. | 57,117 | 11,641,016 | ||||||
Trimble, Inc. (a) | 15,759 | 859,496 | ||||||
Tyler Technologies, Inc. (a) | 2,623 | 1,490,153 | ||||||
VeriSign, Inc. (a) | 5,707 | 1,067,266 | ||||||
Western Digital Corp. (a) | 20,238 | 1,356,958 | ||||||
Zebra Technologies Corp. - Class A (a) | 3,284 | 1,153,308 | ||||||
917,317,328 | ||||||||
Materials - 2.3% | ||||||||
Air Products & Chemicals, Inc. | 14,038 | 3,703,926 | ||||||
Albemarle Corp. (b) | 7,370 | 690,348 | ||||||
Amcor PLC | 93,035 | 979,659 | ||||||
Avery Dennison Corp. | 5,046 | 1,094,124 | ||||||
Ball Corp. | 19,946 | 1,273,153 | ||||||
Celanese Corp. (b) | 6,309 | 890,515 | ||||||
CF Industries Holdings, Inc. | 12,274 | 937,611 | ||||||
Corteva, Inc. | 44,897 | 2,518,722 | ||||||
Dow, Inc. | 44,447 | 2,421,028 | ||||||
DuPont de Nemours, Inc. | 27,208 | 2,277,310 | ||||||
Eastman Chemical Co. | 7,478 | 772,702 | ||||||
Ecolab, Inc. | 16,061 | 3,705,112 | ||||||
FMC Corp. | 7,930 | 462,795 | ||||||
Freeport-McMoRan, Inc. | 90,708 | 4,119,050 | ||||||
International Flavors & Fragrances, Inc. | 16,161 | 1,607,696 | ||||||
International Paper Co. (b) | 21,877 | 1,016,843 | ||||||
Linde PLC | 30,125 | 13,661,687 | ||||||
LyondellBasell Industries NV - Class A | 16,161 | 1,607,373 | ||||||
Martin Marietta Materials, Inc. | 3,885 | 2,305,165 | ||||||
Mosaic Co. | 21,015 | 625,617 | ||||||
Newmont Goldcorp Corp. (b) | 72,892 | 3,576,810 | ||||||
Nucor Corp. | 15,053 | 2,452,736 | ||||||
Packaging Corp. of America | 5,707 | 1,140,658 | ||||||
PPG Industries, Inc. | 14,900 | 1,892,002 | ||||||
Sherwin-Williams Co. | 14,509 | 5,089,757 | ||||||
Smurfit WestRock PLC | 32,703 | 1,466,403 | ||||||
Steel Dynamics, Inc. | 9,801 | 1,305,689 | ||||||
Vulcan Materials Co. | 8,431 | 2,314,394 | ||||||
65,908,885 | ||||||||
Real Estate - 0.1% | ||||||||
CBRE Group, Inc. - Class A (a) | 19,644 | 2,214,075 | ||||||
CoStar Group, Inc. (a) | 25,854 | 2,017,129 | ||||||
4,231,204 | ||||||||
Utilities - 2.4% | ||||||||
AES Corp. | 42,324 | 752,944 | ||||||
Alliant Energy Corp. | 15,961 | 888,389 | ||||||
Ameren Corp. | 16,562 | 1,312,870 | ||||||
American Electric Power Co., Inc. | 32,623 | 3,200,969 | ||||||
American Water Works Co., Inc. | 12,303 | 1,751,455 | ||||||
Atmos Energy Corp. | 9,392 | 1,201,049 | ||||||
CenterPoint Energy, Inc. | 39,901 | 1,107,253 | ||||||
CMS Energy Corp. | 18,484 | 1,197,763 | ||||||
Consolidated Edison, Inc. | 21,777 | 2,123,693 | ||||||
Constellation Energy Corp. | 19,799 | 3,757,850 | ||||||
Dominion Energy, Inc. | 52,877 | 2,826,804 | ||||||
DTE Energy Co. | 13,022 | 1,569,542 | ||||||
Duke Energy Corp. | 48,775 | 5,329,644 | ||||||
Edison International | 24,292 | 1,943,603 | ||||||
Entergy Corp. | 13,428 | 1,557,245 | ||||||
Evergy, Inc. | 14,597 | 846,626 | ||||||
Eversource Energy | 22,069 | 1,432,499 | ||||||
Exelon Corp. | 62,931 | 2,341,033 | ||||||
FirstEnergy Corp. | 32,639 | 1,367,901 | ||||||
NextEra Energy, Inc. | 128,930 | 9,848,963 | ||||||
NiSource, Inc. (b) | 26,204 | 818,875 | ||||||
NRG Energy, Inc. | 13,041 | 980,292 | ||||||
PG&E Corp. | 132,261 | 2,413,763 | ||||||
Pinnacle West Capital Corp. (b) | 7,169 | 613,595 | ||||||
PPL Corp. | 46,629 | 1,385,814 | ||||||
Public Service Enterprise Group, Inc. | 31,553 | 2,516,983 | ||||||
Sempra | 39,739 | 3,181,504 | ||||||
Southern Co. | 68,939 | 5,757,785 | ||||||
Vistra Corp. | 21,170 | 1,677,087 | ||||||
WEC Energy Group, Inc. | 19,947 | 1,716,639 | ||||||
Xcel Energy, Inc. | 34,846 | 2,030,825 | ||||||
69,451,257 | ||||||||
TOTAL COMMON STOCKS (Cost $2,204,022,659) | 2,860,221,346 | |||||||
REAL ESTATE INVESTMENT TRUSTS - 2.1% | Shares | Value | ||||||
Alexandria Real Estate Equities, Inc. (b) | 9,846 | 1,154,837 | ||||||
American Tower Corp. | 29,447 | 6,490,119 | ||||||
AvalonBay Communities, Inc. | 8,992 | 1,842,641 | ||||||
Boston Properties, Inc. (b) | 9,092 | 648,351 | ||||||
Camden Property Trust (b) | 6,769 | 749,667 | ||||||
Crown Castle, Inc. | 27,474 | 3,024,338 | ||||||
Digital Realty Trust, Inc. | 20,326 | 3,038,534 | ||||||
Equinix, Inc. | 5,908 | 4,668,738 | ||||||
Equity Residential | 21,869 | 1,522,738 | ||||||
Essex Property Trust, Inc. | 3,994 | 1,111,770 | ||||||
Extra Space Storage, Inc. | 13,293 | 2,121,829 | ||||||
Federal Realty Investment Trust | 4,646 | 518,726 | ||||||
Healthpeak Properties, Inc. | 44,601 | 973,194 | ||||||
Host Hotels & Resorts, Inc. (b) | 44,998 | 787,915 | ||||||
Invitation Homes, Inc. | 36,316 | 1,280,865 | ||||||
Iron Mountain, Inc. | 18,484 | 1,895,719 | ||||||
Kimco Realty Corp. | 39,195 | 851,707 | ||||||
Mid-America Apartment Communities, Inc. | 7,369 | 1,029,965 | ||||||
Prologis, Inc. | 58,385 | 7,359,429 | ||||||
Public Storage | 10,051 | 2,974,292 | ||||||
Realty Income Corp. (b) | 54,636 | 3,137,745 | ||||||
Regency Centers Corp. | 10,346 | 696,700 | ||||||
SBA Communications Corp. | 6,869 | 1,508,020 | ||||||
Simon Property Group, Inc. | 20,707 | 3,177,282 | ||||||
UDR, Inc. | 19,243 | 771,067 | ||||||
Ventas, Inc. | 25,453 | 1,385,661 | ||||||
VICI Properties, Inc. | 64,068 | 2,002,766 | ||||||
Welltower, Inc. | 37,494 | 4,171,207 | ||||||
Weyerhaeuser Co. | 46,227 | 1,468,170 | ||||||
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $56,592,132) | 62,363,992 | |||||||
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 2.1% | ||||||||
Mount Vernon Liquid Assets Portfolio, LLC (d) | 60,805,264 | 60,805,264 | ||||||
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $60,805,264) | 60,805,264 | |||||||
TOTAL INVESTMENTS - 102.0% (Cost $2,321,420,055) | 2,983,390,602 | |||||||
Liabilities in Excess of Other Assets - (2.0)% | (57,376,871 | ) | ||||||
TOTAL NET ASSETS - 100.0% | $ | 2,926,013,731 | ||||||
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 |
SA - Sociedad Anónima |
(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 $59,982,177 which represented 2.0% 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 Trendpilot US Large Cap 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 | $ | 2,860,221,346 | $ | – | $ | – | $ | 2,860,221,346 | ||||||||
Real Estate Investment Trusts | 62,363,992 | – | – | 62,363,992 | ||||||||||||
Investments Purchased with Proceeds from Securities Lending(a) | – | – | – | 60,805,264 | ||||||||||||
Total Investments | $ | 2,922,585,338 | $ | – | $ | – | $ | 2,983,390,602 | ||||||||
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. |