NPORT-EX 2 inds.htm PART F

Pacer Industrial Real Estate ETF
  
Schedule of Investments
  
July 31, 2025 (Unaudited)
  
   
REAL ESTATE INVESTMENT TRUSTS - COMMON - 96.5%
  
Shares
    
Value
 
Real Estate - 96.5%(a)
        
Big Yellow Group PLC
    
110,120
    
$
1,361,230
  
Centuria Industrial REIT
    
308,545
      
630,550
  
CubeSmart
    
130,452
      
5,075,887
  
Dream Industrial Real Estate Investment Trust
    
166,601
      
1,385,135
  
EastGroup Properties, Inc.
    
30,686
      
5,009,183
  
ESR-REIT
    
345,915
      
735,309
  
Extra Space Storage, Inc.
    
124,926
      
16,785,057
  
First Industrial Realty Trust, Inc.
    
77,427
      
3,772,243
  
GLP J-Reit
    
2,696
      
2,367,045
  
Granite Real Estate Investment Trust
    
35,992
      
1,898,568
  
Lexington Realty Trust
    
172,019
      
1,334,867
  
LondonMetric Property PLC
    
1,314,068
      
3,314,671
  
Mapletree Industrial Trust
    
1,207,489
      
1,887,864
  
Mapletree Logistics Trust
    
1,989,526
      
1,777,457
  
National Storage Affiliates Trust (b)
    
41,442
      
1,220,881
  
National Storage REIT
    
746,204
      
1,150,913
  
Prologis, Inc.
    
174,201
      
18,601,183
  
Public Storage
    
63,366
      
17,231,750
  
Rexford Industrial Realty, Inc.
    
139,488
      
5,095,497
  
Safestore Holdings PLC
    
125,694
      
1,117,999
  
Segro PLC
    
597,402
      
5,107,740
  
STAG Industrial, Inc. (b)
    
109,883
      
3,772,283
  
Terreno Realty Corp. (b)
    
59,975
      
3,328,013
  
Tritax Big Box REIT PLC
    
1,306,210
      
2,437,500
  
Warehouses De Pauw CVA
    
107,909
      
2,526,953
  
WP Carey, Inc.
    
88,562
      
5,682,138
  
             
114,607,916
  
TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON (Cost $129,671,296)
      
114,607,916
  
                 
COMMON STOCKS - 3.2%
                
Real Estate - 3.2%
          
Catena AB
    
25,080
      
1,134,963
  
Sagax AB - Class B
    
125,954
      
2,671,099
  
             
3,806,062
  
TOTAL COMMON STOCKS (Cost $3,784,808)
      
3,806,062
  
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 4.7%
  
Units
          
Mount Vernon Liquid Assets Portfolio, LLC, 4.58% (c)
    
5,634,145
      
5,634,145
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $5,634,145)
      
5,634,145
  
                 
TOTAL INVESTMENTS - 104.4% (Cost $139,090,249)
      
124,048,123
  
Liabilities in Excess of Other Assets - (4.4)%
      
(5,241,688
)
TOTAL NET ASSETS - 100.0%
          
$
118,806,435
  
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
PLC - Public Limited Company
REIT - Real Estate Investment Trust

(a)
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.
(b)
All or a portion of this security is on loan as of July 31, 2025. The fair value of these securities was $5,384,256.
(c)
The rate shown represents the 7-day annualized effective yield as of July 31, 2025.


Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
 
Pacer Industrial Real Estate 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:
                        
  Real Estate Investment Trusts - Common
  
$
114,607,916
    
$
–
    
$
–
    
$
114,607,916
  
  Common Stocks
    
3,806,062
      
–
      
–
      
3,806,062
  
  Investments Purchased with Proceeds from Securities Lending(a)
    
–
      
–
      
–
      
5,634,145
  
Total Investments
  
$
118,413,978
    
$
–
    
$
–
    
$
124,048,123
  
   
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 $5,634,145 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.