NPORT-EX 2 herd.htm PART F

Pacer Cash Cows Fund of Funds ETF
  
Schedule of Investments
  
July 31, 2025 (Unaudited)
  
   
AFFILIATED EXCHANGE TRADED FUNDS - 99.9%
  
Shares
    
Value
  
Pacer Developed Markets International Cash Cows 100 ETF (a)
    
491,068
    
$
16,733,142
  
Pacer Global Cash Cows Dividend ETF (a)
    
439,945
      
16,759,705
  
Pacer US Cash Cows 100 ETF (a)(b)
    
302,572
      
16,838,132
  
Pacer US Cash Cows Growth ETF (a)
    
338,981
      
17,220,913
  
Pacer US Small Cap Cash Cows ETF (a)(b)
    
416,417
      
16,739,963
  
TOTAL AFFILIATED EXCHANGE TRADED FUNDS (Cost $76,713,963)
      
84,291,855
  
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 31.1%
  
Units
          
Mount Vernon Liquid Assets Portfolio, LLC, 4.58% (c)
    
26,199,775
      
26,199,775
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $26,199,775)
      
26,199,775
  
                 
TOTAL INVESTMENTS - 131.0% (Cost $102,913,738)
      
110,491,630
  
Liabilities in Excess of Other Assets - (31.0)%
      
(26,114,671
)
TOTAL NET ASSETS - 100.0%
          
$
84,376,959
  
two
      
–
%
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.
  

LLC - Limited Liability Company

(a)
Affiliated security as defined by the Investment Company Act of 1940.
(b)
All or a portion of this security is on loan as of July 31, 2025. The fair value of these securities was $25,289,160.
(c)
The rate shown represents the 7-day annualized effective yield as of July 31, 2025.


 
Share Activity
Period Ended July 31, 2025
Security Name
Balance as of 
May 1, 2025
Purchases
Sales
 Balance
July 31, 2025
Value
Dividend Income
Gain/(Loss) 
Realized on
Sale of Shares
Net Change in
Unrealized
Appreciation
(Depreciation)
on Investments
in Affiliates
Pacer Developed Markets International Cash Cows 100 ETF
                                 534,129
                                   11,869
                                 (54,930)
                                 491,068
 $16,733,142
 $125,689
 $200,898
 $1,025,719
Pacer Global Cash Cows Dividend ETF
                                 459,633
                                   11,214
                                 (30,902)
                                 439,945
                            16,759,705
                                 144,464
                                 146,624
                                 458,770
Pacer US Cash Cows 100 ETF
                                 310,475
                                   13,099
                                 (21,002)
                                 302,572
                            16,838,132
                                   49,848
                                 164,237
                              1,018,541
Pacer US Cash Cows Growth ETF
                                 382,490
                                   16,699
                                 (60,208)
                                 338,981
                            17,220,913
                                     4,492
                                 861,834
                              1,523,711
Pacer Small Cap US Cash Cows ETF
                                 447,577
                                     9,946
                                 (41,106)
                                 416,417
                            16,739,963
                                   34,229
                                 (25,254)
                              2,061,012


Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
 
Pacer Cash Cows Fund of Funds ETF (the "Fund") has adopted fair value accounting standards which establish a 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 valuation 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 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, 2025:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Investments:
                        
  Affiliated Exchange Traded Funds
  
$
84,291,855
    
$
–
    
$
–
    
$
84,291,855
  
  Investments Purchased with Proceeds from Securities Lending(a)
    
–
      
–
      
–
      
26,199,775
  
Total Investments
  
$
84,291,855
    
$
–
    
$
–
    
$
110,491,630
  
   
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 amount of $26,199,775 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.