NPORT-EX 2 ptlc.htm PART F

Pacer Trendpilot US Large Cap ETF
  
Schedule of Investments
  
July 31, 2025 (Unaudited)
  
   
COMMON STOCKS - 98.1%
  
Shares
    
Value
 
Communication Services - 9.8%
        
Alphabet, Inc. - Class A
    
361,145
    
$
69,303,725
  
Alphabet, Inc. - Class C
    
292,565
      
56,424,086
  
AT&T, Inc.
    
444,313
      
12,178,619
  
Charter Communications, Inc. - Class A (a)(b)
    
5,925
      
1,595,958
  
Comcast Corp. - Class A
    
233,409
      
7,756,181
  
Electronic Arts, Inc.
    
14,695
      
2,240,841
  
Fox Corp. - Class A
    
13,503
      
752,927
  
Fox Corp. - Class B
    
8,170
      
417,814
  
Interpublic Group of Cos., Inc.
    
23,010
      
566,046
  
Live Nation Entertainment, Inc. (a)
    
9,660
      
1,426,782
  
Match Group, Inc.
    
15,540
      
532,556
  
Meta Platforms, Inc. - Class A
    
134,727
      
104,203,251
  
Netflix, Inc. (a)
    
26,445
      
30,660,333
  
News Corp. - Class A
    
23,410
      
686,381
  
News Corp. - Class B (b)
    
6,935
      
231,768
  
Omnicom Group, Inc. (b)
    
12,205
      
879,370
  
Paramount Global - Class B (b)
    
36,805
      
462,639
  
Take-Two Interactive Software, Inc. (a)
    
10,160
      
2,262,937
  
TKO Group Holdings, Inc. (b)
    
4,135
      
694,721
  
T-Mobile US, Inc.
    
29,635
      
7,065,280
  
Verizon Communications, Inc.
    
260,535
      
11,140,477
  
Walt Disney Co.
    
111,915
      
13,330,196
  
Warner Bros Discovery, Inc. (a)
    
138,215
      
1,820,292
  
             
326,633,180
  
                 
Consumer Discretionary - 10.4%
          
Airbnb, Inc. - Class A (a)
    
26,745
      
3,541,305
  
Amazon.com, Inc. (a)
    
586,201
      
137,235,516
  
Aptiv PLC (a)
    
14,195
      
974,345
  
AutoZone, Inc. (a)
    
1,100
      
4,145,218
  
Best Buy Co., Inc.
    
12,105
      
787,551
  
Booking Holdings, Inc.
    
1,990
      
10,953,079
  
Caesars Entertainment, Inc. (a)(b)
    
13,150
      
350,842
  
CarMax, Inc. (a)
    
9,515
      
538,644
  
Carnival Corp. (a)
    
64,850
      
1,930,585
  
Chipotle Mexican Grill, Inc. (a)(b)
    
83,925
      
3,598,704
  
Darden Restaurants, Inc.
    
7,270
      
1,466,141
  
Deckers Outdoor Corp. (a)
    
9,415
      
999,591
  
Domino's Pizza, Inc.
    
2,090
      
968,109
  
DoorDash, Inc. - Class A (a)
    
21,020
      
5,260,255
  
DR Horton, Inc.
    
17,530
      
2,503,985
  
eBay, Inc.
    
29,635
      
2,719,011
  
Expedia Group, Inc.
    
7,670
      
1,382,287
  
Ford Motor Co.
    
240,916
      
2,666,940
  
Garmin Ltd.
    
9,515
      
2,081,501
  
General Motors Co.
    
61,560
      
3,283,610
  
Genuine Parts Co.
    
8,615
      
1,110,301
  
Hasbro, Inc.
    
8,170
      
614,057
  
Hilton Worldwide Holdings, Inc.
    
14,840
      
3,978,307
  
Home Depot, Inc.
    
61,760
      
22,697,418
  
Las Vegas Sands Corp.
    
21,265
      
1,114,286
  
Lennar Corp. - Class A
    
14,495
      
1,626,049
  
LKQ Corp. (b)
    
16,085
      
474,025
  
Lowe's Cos., Inc.
    
34,915
      
7,805,947
  
Lululemon Athletica, Inc. (a)
    
6,925
      
1,388,670
  
Marriott International, Inc. - Class A
    
14,195
      
3,745,067
  
McDonald's Corp.
    
44,375
      
13,315,606
  
MGM Resorts International (a)
    
13,795
      
502,828
  
Mohawk Industries, Inc. (a)
    
3,235
      
370,440
  
NIKE, Inc. - Class B
    
73,065
      
5,457,225
  
Norwegian Cruise Line Holdings Ltd. (a)
    
27,245
      
696,382
  
NVR, Inc. (a)
    
200
      
1,509,898
  
O'Reilly Automotive, Inc. (a)
    
53,161
      
5,226,790
  
Pool Corp. (b)
    
2,390
      
736,455
  
PulteGroup, Inc.
    
12,550
      
1,417,146
  
Ralph Lauren Corp.
    
2,490
      
743,888
  
Ross Stores, Inc.
    
20,420
      
2,788,147
  
Royal Caribbean Cruises Ltd. (b)
    
15,340
      
4,876,126
  
Starbucks Corp.
    
70,275
      
6,265,719
  
Tapestry, Inc.
    
12,850
      
1,388,185
  
Tesla Motors, Inc. (a)
    
173,875
      
53,600,446
  
TJX Cos., Inc.
    
69,630
      
8,671,024
  
Tractor Supply Co.
    
33,070
      
1,883,337
  
Ulta Beauty, Inc. (a)
    
2,890
      
1,488,379
  
Williams-Sonoma, Inc.
    
7,570
      
1,415,969
  
Wynn Resorts Ltd.
    
5,580
      
608,387
  
Yum! Brands, Inc.
    
17,285
      
2,491,633
  
             
347,395,356
  
                 
Consumer Staples - 5.3%
          
Altria Group, Inc.
    
104,890
      
6,496,887
  
Archer-Daniels-Midland Co.
    
29,635
      
1,605,624
  
Brown-Forman Corp. - Class B (b)
    
11,305
      
326,149
  
Bunge Global SA
    
8,270
      
659,615
  
Church & Dwight Co., Inc. (b)
    
15,240
      
1,429,055
  
Clorox Co.
    
7,670
      
963,045
  
Coca-Cola Co.
    
239,670
      
16,271,196
  
Colgate-Palmolive Co.
    
50,255
      
4,213,882
  
Conagra Brands, Inc.
    
29,535
      
539,309
  
Constellation Brands, Inc. - Class A
    
9,615
      
1,606,090
  
Costco Wholesale Corp.
    
27,545
      
25,882,384
  
Dollar General Corp.
    
13,595
      
1,426,115
  
Dollar Tree, Inc. (a)
    
12,450
      
1,413,698
  
Estee Lauder Cos., Inc.
    
14,495
      
1,352,963
  
General Mills, Inc. (b)
    
34,115
      
1,670,953
  
Hershey Co. (b)
    
9,115
      
1,696,575
  
Hormel Foods Corp.
    
18,030
      
506,463
  
J M Smucker Co.
    
6,625
      
711,128
  
Kellanova
    
16,685
      
1,331,964
  
Kenvue, Inc.
    
118,640
      
2,543,642
  
Keurig Dr Pepper, Inc.
    
84,125
      
2,746,681
  
Kimberly-Clark Corp.
    
20,520
      
2,557,202
  
Kroger Co.
    
41,240
      
2,890,924
  
Lamb Weston Holdings, Inc.
    
8,815
      
503,072
  
McCormick & Co., Inc.
    
15,640
      
1,104,653
  
Molson Coors Beverage Co. - Class B
    
10,660
      
519,355
  
Mondelez International, Inc. - Class A
    
80,090
      
5,181,022
  
Monster Beverage Corp. (a)
    
43,330
      
2,545,637
  
PepsiCo, Inc.
    
84,870
      
11,705,270
  
Philip Morris International, Inc.
    
96,275
      
15,793,914
  
Procter & Gamble Co.
    
145,585
      
21,906,175
  
Sysco Corp. (b)
    
30,280
      
2,410,288
  
Target Corp.
    
28,390
      
2,853,195
  
The Campbell's Co. (b)
    
12,205
      
389,584
  
The Kraft Heinz Co.
    
53,990
      
1,482,565
  
Tyson Foods, Inc. - Class A
    
17,730
      
927,279
  
Walgreens Boots Alliance, Inc.
    
44,375
      
516,525
  
Walmart, Inc.
    
268,505
      
26,308,120
  
             
174,988,198
  
                 
Energy - 3.0%
          
APA Corp. (b)
    
22,910
      
441,934
  
Baker Hughes Co.
    
61,260
      
2,759,763
  
Chevron Corp.
    
118,167
      
17,918,844
  
ConocoPhillips
    
78,945
      
7,526,617
  
Coterra Energy, Inc.
    
45,575
      
1,111,574
  
Devon Energy Corp.
    
40,640
      
1,350,061
  
Diamondback Energy, Inc.
    
11,605
      
1,725,199
  
EOG Resources, Inc.
    
34,815
      
4,178,496
  
EQT Corp.
    
36,905
      
1,983,644
  
Expand Energy Corp.
    
13,050
      
1,367,379
  
Exxon Mobil Corp.
    
269,405
      
30,076,374
  
Halliburton Co.
    
53,690
      
1,202,656
  
Kinder Morgan, Inc.
    
119,685
      
3,358,361
  
Marathon Petroleum Corp.
    
19,575
      
3,331,469
  
Occidental Petroleum Corp.
    
44,750
      
1,966,315
  
ONEOK, Inc.
    
38,350
      
3,148,919
  
Phillips 66
    
25,600
      
3,163,648
  
Schlumberger Ltd.
    
86,715
      
2,930,967
  
Targa Resources Corp.
    
13,503
      
2,247,034
  
Texas Pacific Land Corp. (b)
    
1,200
      
1,161,756
  
Valero Energy Corp.
    
19,575
      
2,687,843
  
Williams Cos., Inc.
    
75,455
      
4,523,527
  
             
100,162,380
  
                 
Financials - 13.7%
          
Aflac, Inc.
    
30,580
      
3,038,429
  
Allstate Corp.
    
16,385
      
3,330,251
  
American Express Co.
    
34,315
      
10,270,823
  
American International Group, Inc.
    
36,705
      
2,849,409
  
Ameriprise Financial, Inc.
    
5,925
      
3,070,276
  
Aon PLC - Class A
    
13,450
      
4,784,299
  
Apollo Global Management, Inc.
    
27,645
      
4,017,371
  
Arch Capital Group Ltd.
    
23,210
      
1,997,453
  
Arthur J Gallagher & Co.
    
15,740
      
4,521,315
  
Assurant, Inc.
    
3,190
      
597,487
  
Bank of America Corp.
    
409,755
      
19,369,119
  
Bank of New York Mellon Corp.
    
44,375
      
4,501,844
  
Berkshire Hathaway, Inc. - Class B (a)
    
113,842
      
53,719,763
  
Blackrock, Inc. (b)
    
9,015
      
9,970,680
  
Blackstone, Inc.
    
45,275
      
7,830,764
  
Brown & Brown, Inc.
    
17,641
      
1,611,858
  
Capital One Financial Corp.
    
39,395
      
8,469,925
  
Cboe Global Markets, Inc.
    
6,525
      
1,572,786
  
Charles Schwab Corp.
    
105,490
      
10,309,538
  
Chubb Ltd.
    
23,110
      
6,148,184
  
Cincinnati Financial Corp.
    
9,660
      
1,424,947
  
Citigroup, Inc.
    
116,150
      
10,883,255
  
Citizens Financial Group, Inc.
    
27,045
      
1,290,587
  
CME Group, Inc.
    
22,365
      
6,223,732
  
Coinbase Global, Inc. - Class A (a)
    
13,050
      
4,929,768
  
Corpay, Inc. (a)
    
4,335
      
1,400,422
  
Erie Indemnity Co. - Class A (b)
    
1,545
      
550,391
  
Everest Group Ltd.
    
2,690
      
903,302
  
FactSet Research Systems, Inc.
    
2,390
      
962,931
  
Fidelity National Information Services, Inc.
    
32,793
      
2,604,092
  
Fifth Third Bancorp
    
41,440
      
1,722,661
  
Fiserv, Inc. (a)
    
35,215
      
4,892,772
  
Franklin Resources, Inc.
    
19,175
      
460,200
  
Global Payments, Inc.
    
15,340
      
1,226,433
  
Globe Life, Inc.
    
5,180
      
727,635
  
Goldman Sachs Group, Inc.
    
19,275
      
13,947,197
  
Hartford Financial Services Group, Inc.
    
17,830
      
2,217,874
  
Huntington Bancshares, Inc.
    
89,950
      
1,477,879
  
Intercontinental Exchange, Inc.
    
35,560
      
6,572,555
  
Invesco Ltd.
    
27,690
      
581,767
  
Jack Henry & Associates, Inc.
    
4,501
      
764,337
  
JPMorgan Chase & Co.
    
173,075
      
51,271,738
  
KeyCorp.
    
61,660
      
1,104,947
  
KKR & Co., Inc.
    
41,795
      
6,126,311
  
Loews Corp.
    
10,931
      
989,693
  
M&T Bank Corp.
    
10,260
      
1,936,062
  
MarketAxess Holdings, Inc.
    
2,290
      
470,595
  
Marsh & McLennan Cos., Inc.
    
30,380
      
6,051,696
  
Mastercard, Inc. - Class A
    
50,455
      
28,581,244
  
MetLife, Inc.
    
35,860
      
2,723,567
  
Moody's Corp.
    
9,615
      
4,958,744
  
Morgan Stanley
    
76,600
      
10,912,436
  
MSCI, Inc.
    
4,780
      
2,683,301
  
Nasdaq, Inc.
    
25,600
      
2,463,232
  
Northern Trust Corp.
    
12,105
      
1,573,650
  
PayPal Holdings, Inc. (a)
    
61,160
      
4,205,362
  
PNC Financial Services Group, Inc.
    
24,555
      
4,672,080
  
Principal Financial Group, Inc.
    
13,050
      
1,015,681
  
Progressive Corp.
    
36,260
      
8,776,370
  
Prudential Financial, Inc.
    
21,865
      
2,264,777
  
Raymond James Financial, Inc.
    
11,405
      
1,906,118
  
Regions Financial Corp.
    
56,280
      
1,425,572
  
S&P Global, Inc.
    
19,475
      
10,732,672
  
State Street Corp.
    
17,830
      
1,992,502
  
Synchrony Financial
    
24,055
      
1,675,912
  
T Rowe Price Group, Inc.
    
13,795
      
1,399,503
  
Travelers Cos., Inc.
    
13,995
      
3,642,059
  
Truist Financial Corp.
    
81,435
      
3,559,524
  
US Bancorp
    
96,575
      
4,342,012
  
Visa, Inc. - Class A
    
106,635
      
36,839,193
  
W R Berkley Corp.
    
18,630
      
1,281,930
  
Wells Fargo & Co.
    
203,610
      
16,417,074
  
Willis Towers Watson PLC
    
6,125
      
1,934,336
  
             
457,676,204
  
                 
Health Care - 8.8%
          
Abbott Laboratories
    
108,117
      
13,643,284
  
AbbVie, Inc.
    
109,725
      
20,740,220
  
Agilent Technologies, Inc.
    
17,630
      
2,024,100
  
Align Technology, Inc. (a)
    
4,335
      
559,258
  
Amgen, Inc.
    
33,270
      
9,817,977
  
Baxter International, Inc.
    
31,625
      
688,160
  
Becton Dickinson & Co.
    
17,730
      
3,160,373
  
Biogen, Inc. (a)
    
9,015
      
1,153,920
  
Bio-Techne Corp.
    
9,760
      
534,165
  
Boston Scientific Corp. (a)
    
91,195
      
9,568,179
  
Bristol-Myers Squibb Co.
    
125,610
      
5,440,169
  
Cardinal Health, Inc.
    
14,940
      
2,318,987
  
Cencora, Inc.
    
10,660
      
3,049,613
  
Centene Corp. (a)
    
30,680
      
799,828
  
Charles River Laboratories International, Inc. (a)
    
3,190
      
541,152
  
Cigna Group
    
16,985
      
4,541,449
  
Cooper Cos., Inc. (a)
    
12,350
      
873,021
  
CVS Health Corp.
    
78,045
      
4,846,594
  
Danaher Corp.
    
39,595
      
7,806,550
  
DaVita, Inc. (a)(b)
    
2,690
      
377,595
  
DexCom, Inc. (a)
    
24,155
      
1,950,999
  
Edwards Lifesciences Corp. (a)
    
36,560
      
2,899,574
  
Elevance Health, Inc.
    
14,395
      
4,074,937
  
Eli Lilly & Co.
    
48,810
      
36,122,817
  
GE HealthCare Technologies, Inc. (b)
    
28,290
      
2,017,643
  
Gilead Sciences, Inc.
    
77,100
      
8,657,559
  
HCA Healthcare, Inc.
    
11,005
      
3,895,660
  
Henry Schein, Inc. (a)
    
7,670
      
518,875
  
Hologic, Inc. (a)
    
13,895
      
928,464
  
Humana, Inc.
    
7,470
      
1,866,529
  
IDEXX Laboratories, Inc. (a)
    
5,080
      
2,714,295
  
Incyte Corp. (a)
    
9,960
      
745,904
  
Insulet Corp. (a)
    
4,335
      
1,250,214
  
Intuitive Surgical, Inc. (a)
    
22,265
      
10,711,469
  
IQVIA Holdings, Inc. (a)
    
10,360
      
1,925,510
  
Johnson & Johnson
    
149,020
      
24,549,555
  
Labcorp Holdings, Inc.
    
5,180
      
1,347,214
  
McKesson Corp.
    
7,770
      
5,388,806
  
Medtronic PLC
    
79,390
      
7,164,154
  
Merck & Co., Inc.
    
156,590
      
12,232,811
  
Mettler-Toledo International, Inc. (a)
    
1,345
      
1,659,300
  
Moderna, Inc. (a)
    
21,020
      
621,351
  
Molina Healthcare, Inc. (a)
    
3,435
      
542,283
  
Pfizer, Inc.
    
350,685
      
8,167,454
  
Quest Diagnostics, Inc.
    
6,925
      
1,159,314
  
Regeneron Pharmaceuticals, Inc.
    
6,525
      
3,559,127
  
ResMed, Inc. (b)
    
9,115
      
2,478,733
  
Revvity, Inc.
    
7,570
      
665,403
  
Solventum Corp. (a)
    
8,515
      
607,630
  
STERIS PLC
    
6,025
      
1,364,602
  
Stryker Corp.
    
21,265
      
8,351,403
  
Thermo Fisher Scientific, Inc.
    
23,710
      
11,088,693
  
UnitedHealth Group, Inc.
    
56,980
      
14,219,929
  
Universal Health Services, Inc. - Class B
    
3,635
      
605,046
  
Vertex Pharmaceuticals, Inc. (a)
    
15,940
      
7,282,508
  
Viatris, Inc.
    
73,865
      
645,580
  
Waters Corp. (a)
    
3,635
      
1,049,643
  
West Pharmaceutical Services, Inc.
    
4,501
      
1,076,909
  
Zimmer Biomet Holdings, Inc.
    
12,250
      
1,122,712
  
Zoetis, Inc.
    
27,690
      
4,036,925
  
             
293,752,128
  
                 
Industrials - 8.7%
          
3M Co.
    
33,570
      
5,009,315
  
A O Smith Corp.
    
7,270
      
514,643
  
Allegion PLC (b)
    
5,380
      
892,650
  
AMETEK, Inc.
    
14,295
      
2,642,431
  
Automatic Data Processing, Inc.
    
25,200
      
7,799,400
  
Axon Enterprise, Inc. (a)
    
4,501
      
3,400,460
  
Boeing Co. (a)
    
46,920
      
10,408,733
  
Broadridge Financial Solutions, Inc.
    
7,270
      
1,799,398
  
Builders FirstSource, Inc. (a)
    
7,073
      
899,190
  
Carrier Global Corp.
    
49,955
      
3,427,912
  
Caterpillar, Inc.
    
29,535
      
12,936,921
  
CH Robinson Worldwide, Inc.
    
7,370
      
849,908
  
Cintas Corp.
    
21,219
      
4,722,288
  
Copart, Inc. (a)
    
54,290
      
2,460,966
  
CSX Corp.
    
119,385
      
4,242,943
  
Cummins, Inc.
    
8,515
      
3,130,284
  
Dayforce, Inc. (a)(b)
    
9,860
      
568,626
  
Deere & Co.
    
15,640
      
8,201,147
  
Delta Air Lines, Inc.
    
39,695
      
2,112,171
  
Dover Corp.
    
8,515
      
1,542,407
  
Eaton Corp. PLC
    
24,455
      
9,408,328
  
Emerson Electric Co.
    
34,915
      
5,080,482
  
Equifax, Inc. (b)
    
7,670
      
1,842,564
  
Expeditors International of Washington, Inc.
    
8,615
      
1,001,408
  
Fastenal Co.
    
70,962
      
3,273,477
  
FedEx Corp.
    
13,695
      
3,060,695
  
Fortive Corp.
    
21,120
      
1,012,282
  
GE Vernova, Inc.
    
17,085
      
11,281,055
  
Generac Holdings, Inc. (a)
    
3,635
      
707,698
  
General Dynamics Corp.
    
15,740
      
4,904,741
  
General Electric Co.
    
66,440
      
18,010,555
  
Honeywell International, Inc.
    
40,295
      
8,959,593
  
Howmet Aerospace, Inc. (b)
    
25,055
      
4,504,137
  
Hubbell, Inc.
    
3,335
      
1,458,996
  
Huntington Ingalls Industries, Inc.
    
2,390
      
666,475
  
IDEX Corp.
    
4,680
      
765,227
  
Illinois Tool Works, Inc.
    
16,485
      
4,219,665
  
Ingersoll Rand, Inc.
    
24,955
      
2,111,942
  
Jacobs Solutions, Inc. (b)
    
7,570
      
1,073,956
  
JB Hunt Trasport Services, Inc.
    
4,880
      
702,964
  
Johnson Controls International PLC
    
40,840
      
4,288,200
  
L3Harris Technologies, Inc.
    
11,705
      
3,216,768
  
Leidos Holdings, Inc.
    
8,170
      
1,304,340
  
Lennox International, Inc.
    
1,990
      
1,211,910
  
Lockheed Martin Corp.
    
12,950
      
5,451,691
  
Masco Corp.
    
13,150
      
895,909
  
Nordson Corp.
    
3,335
      
714,390
  
Norfolk Southern Corp.
    
13,995
      
3,890,610
  
Northrop Grumman Corp.
    
8,415
      
4,852,173
  
Old Dominion Freight Line, Inc.
    
11,605
      
1,732,046
  
Otis Worldwide Corp.
    
24,555
      
2,104,118
  
PACCAR, Inc.
    
32,425
      
3,202,293
  
Parker-Hannifin Corp.
    
7,970
      
5,833,243
  
Paychex, Inc.
    
19,875
      
2,868,559
  
Paycom Software, Inc. (b)
    
2,890
      
669,151
  
Pentair PLC
    
10,260
      
1,048,572
  
Quanta Services, Inc.
    
9,115
      
3,701,875
  
Republic Services, Inc.
    
12,550
      
2,894,657
  
Rockwell Automation, Inc.
    
7,025
      
2,470,763
  
Rollins, Inc.
    
17,361
      
994,264
  
RTX Corp.
    
82,480
      
12,996,374
  
Snap-On, Inc.
    
3,235
      
1,039,050
  
Southwest Airlines Co. (b)
    
36,705
      
1,135,286
  
Stanley Black & Decker, Inc. (b)
    
9,615
      
650,455
  
Textron, Inc.
    
11,305
      
879,190
  
Trane Technologies PLC
    
13,895
      
6,087,122
  
TransDigm Group, Inc.
    
3,435
      
5,525,060
  
Uber Technologies, Inc. (a)
    
129,245
      
11,341,249
  
Union Pacific Corp. (b)
    
37,405
      
8,302,788
  
United Airlines Holdings, Inc. (a)
    
20,320
      
1,794,459
  
United Parcel Service, Inc. - Class B
    
45,275
      
3,900,894
  
United Rentals, Inc.
    
4,035
      
3,562,663
  
Veralto Corp.
    
15,340
      
1,608,092
  
Verisk Analytics, Inc.
    
8,715
      
2,428,958
  
W.W. Grainger, Inc.
    
2,790
      
2,900,317
  
Waste Management, Inc.
    
22,610
      
5,181,308
  
Westinghouse Air Brake Technologies Corp.
    
10,560
      
2,028,048
  
Xylem, Inc.
    
15,040
      
2,175,085
  
             
288,489,963
  
                 
Information Technology - 34.0%(c)
          
Accenture PLC - Class A
    
38,750
      
10,350,125
  
Adobe, Inc. (a)
    
26,945
      
9,637,957
  
Advanced Micro Devices, Inc. (a)
    
100,310
      
17,685,656
  
Akamai Technologies, Inc. (a)
    
9,315
      
710,828
  
Amphenol Corp.
    
75,010
      
7,989,315
  
Analog Devices, Inc.
    
30,680
      
6,891,648
  
Apple, Inc.
    
926,540
      
192,321,908
  
Applied Materials, Inc. (b)
    
50,355
      
9,066,921
  
Arista Networks, Inc. (a)
    
63,950
      
7,879,919
  
Autodesk, Inc. (a)
    
13,350
      
4,046,518
  
Broadcom, Inc.
    
291,741
      
85,684,332
  
Cadence Design System, Inc. (a)
    
16,985
      
6,192,221
  
CDW Corp.
    
8,270
      
1,442,123
  
Cisco Systems, Inc.
    
246,440
      
16,777,635
  
Cognizant Technology Solutions Corp. - Class A
    
30,580
      
2,194,421
  
Corning, Inc.
    
47,765
      
3,020,659
  
Crowdstrike Holdings, Inc. (a)
    
15,540
      
7,064,018
  
Dell Technologies, Inc. - Class C
    
19,275
      
2,557,600
  
Enphase Energy, Inc. (a)
    
8,270
      
267,617
  
EPAM Systems, Inc. (a)
    
3,535
      
557,505
  
F5, Inc. (a)
    
3,535
      
1,107,940
  
Fair Isaac Corp. (a)
    
1,545
      
2,219,732
  
First Solar, Inc. (a)
    
6,625
      
1,157,586
  
Fortinet, Inc. (a)
    
39,395
      
3,935,560
  
Gartner, Inc. (a)
    
4,780
      
1,618,747
  
Gen Digital, Inc.
    
33,570
      
989,979
  
GoDaddy, Inc. - Class A (a)
    
8,715
      
1,408,170
  
Hewlett Packard Enterprise Co.
    
81,335
      
1,682,821
  
HP, Inc.
    
58,025
      
1,439,020
  
Intel Corp.
    
268,060
      
5,307,588
  
International Business Machines Corp.
    
57,725
      
14,613,084
  
Intuit, Inc.
    
17,361
      
13,630,642
  
Jabil, Inc. (b)
    
6,825
      
1,523,135
  
Keysight Technologies, Inc. (a)
    
10,760
      
1,763,672
  
KLA Corp.
    
8,270
      
7,269,578
  
Lam Research Corp.
    
79,390
      
7,529,348
  
Microchip Technology, Inc.
    
33,270
      
2,248,719
  
Micron Technology, Inc.
    
68,930
      
7,523,020
  
Microsoft Corp.
    
461,101
      
245,997,383
  
Monolithic Power Systems, Inc. (b)
    
2,990
      
2,126,608
  
Motorola Solutions, Inc.
    
10,360
      
4,547,833
  
NetApp, Inc.
    
12,550
      
1,306,831
  
NVIDIA Corp.
    
1,516,582
      
269,754,440
  
NXP Semiconductors NV
    
15,740
      
3,364,740
  
ON Semiconductor Corp. (a)
    
26,100
      
1,470,996
  
Oracle Corp.
    
100,992
      
25,628,740
  
Palantir Technologies, Inc. - Class A (a)
    
131,839
      
20,876,706
  
Palo Alto Networks, Inc. (a)
    
40,940
      
7,107,184
  
PTC, Inc. (a)
    
7,470
      
1,604,631
  
Qualcomm, Inc.
    
68,485
      
10,050,859
  
Ralliant Corp. (a)
    
7,047
      
322,189
  
Roper Technologies, Inc.
    
6,625
      
3,646,400
  
salesforce.com, Inc.
    
59,670
      
15,414,551
  
Seagate Technology Holdings PLC
    
13,150
      
2,064,681
  
ServiceNow, Inc. (a)
    
12,850
      
12,119,092
  
Skyworks Solutions, Inc.
    
9,960
      
682,658
  
Super Micro Computer, Inc. (a)(b)
    
31,180
      
1,838,684
  
Synopsys, Inc. (a)
    
11,441
      
7,247,644
  
TE Connectivity PLC
    
18,530
      
3,812,547
  
Teledyne Technologies, Inc. (a)
    
2,890
      
1,592,448
  
Teradyne, Inc.
    
10,060
      
1,080,746
  
Texas Instruments, Inc.
    
56,380
      
10,208,163
  
Trimble, Inc. (a)(b)
    
15,240
      
1,278,484
  
Tyler Technologies, Inc. (a)
    
2,690
      
1,572,466
  
VeriSign, Inc.
    
5,080
      
1,365,860
  
Western Digital Corp.
    
21,465
      
1,689,081
  
Workday, Inc. - Class A (a)(b)
    
13,250
      
3,039,285
  
Zebra Technologies Corp. (a)
    
3,190
      
1,081,474
  
             
1,133,200,671
  
                 
Materials - 1.8%
          
Air Products & Chemicals, Inc. (b)
    
13,795
      
3,971,305
  
Albemarle Corp. (b)
    
7,270
      
493,269
  
Amcor PLC
    
141,450
      
1,322,557
  
Avery Dennison Corp.
    
4,980
      
835,495
  
Ball Corp. (b)
    
18,530
      
1,061,028
  
CF Industries Holdings, Inc.
    
10,760
      
998,851
  
Corteva, Inc.
    
42,385
      
3,057,230
  
Dow, Inc. (b)
    
43,530
      
1,013,814
  
DuPont de Nemours, Inc.
    
25,900
      
1,862,210
  
Eastman Chemical Co.
    
7,073
      
513,571
  
Ecolab, Inc.
    
15,640
      
4,093,926
  
Freeport-McMoRan, Inc.
    
88,905
      
3,577,537
  
International Flavors & Fragrances, Inc.
    
15,840
      
1,125,115
  
International Paper Co.
    
32,625
      
1,524,892
  
Linde PLC
    
29,435
      
13,547,753
  
LyondellBasell Industries NV - Class A
    
16,040
      
929,197
  
Martin Marietta Materials, Inc.
    
3,735
      
2,147,177
  
Mosaic Co.
    
19,675
      
708,497
  
Newmont Goldcorp Corp.
    
70,475
      
4,376,497
  
Nucor Corp.
    
14,595
      
2,088,107
  
Packaging Corp. of America
    
5,580
      
1,081,125
  
PPG Industries, Inc.
    
14,395
      
1,518,673
  
Sherwin-Williams Co.
    
14,395
      
4,763,018
  
Smurfit WestRock PLC
    
30,580
      
1,357,140
  
Steel Dynamics, Inc.
    
8,715
      
1,111,685
  
Vulcan Materials Co.
    
8,170
      
2,244,054
  
             
61,323,723
  
                 
Real Estate - 0.2%
          
CBRE Group, Inc. - Class A (a)
    
18,330
      
2,854,714
  
CoStar Group, Inc. (a)
    
26,100
      
2,484,459
  
             
5,339,173
  
                 
Utilities - 2.4%
          
AES Corp.
    
44,030
      
578,995
  
Alliant Energy Corp. (b)
    
15,940
      
1,036,259
  
Ameren Corp.
    
16,685
      
1,687,354
  
American Electric Power Co., Inc.
    
32,970
      
3,730,226
  
American Water Works Co., Inc.
    
12,105
      
1,697,605
  
Atmos Energy Corp.
    
9,760
      
1,521,779
  
CenterPoint Energy, Inc.
    
40,395
      
1,568,134
  
CMS Energy Corp.
    
18,530
      
1,367,514
  
Consolidated Edison, Inc.
    
21,465
      
2,221,628
  
Constellation Energy Corp.
    
19,375
      
6,739,400
  
Dominion Energy, Inc.
    
52,000
      
3,039,400
  
DTE Energy Co.
    
12,850
      
1,778,568
  
Duke Energy Corp. (b)
    
48,065
      
5,846,627
  
Edison International
    
23,955
      
1,248,535
  
Entergy Corp.
    
28,027
      
2,534,482
  
Evergy, Inc. (b)
    
14,195
      
1,005,006
  
Eversource Energy
    
22,710
      
1,501,131
  
Exelon Corp.
    
62,260
      
2,797,964
  
FirstEnergy Corp.
    
31,725
      
1,354,975
  
NextEra Energy, Inc.
    
127,255
      
9,042,740
  
NiSource, Inc. (b)
    
29,035
      
1,232,536
  
NRG Energy, Inc.
    
12,550
      
2,098,360
  
PG&E Corp.
    
135,770
      
1,903,495
  
Pinnacle West Capital Corp.
    
7,025
      
636,605
  
PPL Corp.
    
45,720
      
1,631,747
  
Public Service Enterprise Group, Inc.
    
30,880
      
2,772,715
  
Sempra
    
40,896
      
3,340,385
  
Southern Co.
    
67,785
      
6,404,327
  
Vistra Corp.
    
21,120
      
4,404,365
  
WEC Energy Group, Inc.
    
19,675
      
2,146,149
  
Xcel Energy, Inc. (b)
    
35,560
      
2,611,526
  
             
81,480,532
  
TOTAL COMMON STOCKS (Cost $3,071,670,010)
      
3,270,441,508
  
                 
REAL ESTATE INVESTMENT TRUSTS - COMMON - 1.8%
                
Real Estate - 1.8%
          
Alexandria Real Estate Equities, Inc.
    
9,515
      
727,231
  
American Tower Corp.
    
28,935
      
6,029,765
  
AvalonBay Communities, Inc.
    
8,815
      
1,642,058
  
BXP, Inc.
    
9,015
      
589,851
  
Camden Property Trust
    
6,625
      
723,450
  
Crown Castle, Inc.
    
26,845
      
2,821,141
  
Digital Realty Trust, Inc.
    
19,575
      
3,453,813
  
Equinix, Inc.
    
6,025
      
4,730,649
  
Equity Residential
    
21,219
      
1,341,041
  
Essex Property Trust, Inc.
    
3,935
      
1,023,808
  
Extra Space Storage, Inc.
    
13,150
      
1,766,834
  
Federal Realty Investment Trust
    
4,780
      
440,525
  
Healthpeak Properties, Inc.
    
43,330
      
734,010
  
Host Hotels & Resorts, Inc.
    
43,230
      
679,576
  
Invitation Homes, Inc.
    
35,315
      
1,082,405
  
Iron Mountain, Inc.
    
18,230
      
1,774,873
  
Kimco Realty Corp.
    
42,085
      
893,465
  
Mid-America Apartment Communities, Inc.
    
7,170
      
1,021,223
  
Prologis, Inc.
    
57,325
      
6,121,163
  
Public Storage
    
9,760
      
2,654,134
  
Realty Income Corp. (b)
    
56,554
      
3,174,376
  
Regency Centers Corp.
    
10,060
      
718,284
  
SBA Communications Corp.
    
6,625
      
1,488,770
  
Simon Property Group, Inc.
    
18,975
      
3,107,915
  
UDR, Inc.
    
18,630
      
731,973
  
Ventas, Inc.
    
27,045
      
1,816,883
  
VICI Properties, Inc.
    
65,195
      
2,125,357
  
Welltower, Inc.
    
38,787
      
6,402,570
  
Weyerhaeuser Co.
    
44,875
      
1,124,119
  
             
60,941,262
  
TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON (Cost $62,905,047)
      
60,941,262
  
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 2.0%
  
Units
          
Mount Vernon Liquid Assets Portfolio, LLC, 4.58%(d)
    
65,975,642
      
65,975,642
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $65,975,642)
      
65,975,642
  
                 
TOTAL INVESTMENTS - 101.9% (Cost $3,200,550,699)
      
3,397,358,412
  
Liabilities in Excess of Other Assets - (1.9)%
      
(61,980,147
)
TOTAL NET ASSETS - 100.0%
          
$
3,335,378,265
  
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

(a)
Non-income producing security.
(b)
All or a portion of this security is on loan as of July 31, 2025. The fair value of these securities was $63,391,983.
(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, 2025.


Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
 
Pacer Trendpilot US Large Cap 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:
                        
  Common Stocks
  
$
3,270,441,508
    
$
–
    
$
–
    
$
3,270,441,508
  
  Real Estate Investment Trusts - Common
    
60,941,262
      
–
      
–
      
60,941,262
  
  Investments Purchased with Proceeds from Securities Lending(a)
    
–
      
–
      
–
      
65,975,642
  
Total Investments
  
$
3,331,382,770
    
$
–
    
$
–
    
$
3,397,358,412
  
   
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 $65,975,642 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.