NPORT-EX 2 ptmc.htm PART F

Pacer Trendpilot US Mid Cap ETF
  
Schedule of Investments
  
July 31, 2025 (Unaudited)
  
   
COMMON STOCKS - 93.1%
  
Shares
    
Value
 
Communication Services - 1.2%
        
EchoStar Corp. - Class A (a)(b)
    
18,998
    
$
619,145
  
Frontier Communications Parent, Inc. (a)
    
31,439
      
1,155,069
  
Iridium Communications, Inc.
    
15,242
      
372,819
  
New York Times Co. - Class A
    
22,954
      
1,191,083
  
Nexstar Media Group, Inc. (b)
    
4,056
      
758,918
  
Warner Music Group Corp. - Class A
    
20,635
      
603,780
  
ZoomInfo Technologies, Inc. (a)
    
36,741
      
397,905
  
             
5,098,719
  
                 
Consumer Discretionary - 13.1%
          
Abercrombie & Fitch Co. - Class A (a)
    
6,757
      
648,807
  
Aramark
    
37,031
      
1,576,039
  
Autoliv, Inc.
    
10,031
      
1,118,958
  
AutoNation, Inc. (a)
    
3,474
      
669,231
  
Bath & Body Works, Inc.
    
30,084
      
871,233
  
Boyd Gaming Corp.
    
8,585
      
728,867
  
Brunswick Corp.
    
9,258
      
539,649
  
Burlington Stores, Inc. (a)(b)
    
8,876
      
2,422,793
  
Capri Holdings Ltd. (a)
    
16,688
      
303,555
  
Cava Group, Inc. (a)(b)
    
11,577
      
1,018,892
  
Chewy, Inc. - Class A (a)(b)
    
31,048
      
1,139,462
  
Choice Hotels International, Inc. (b)
    
3,092
      
394,879
  
Churchill Downs, Inc.
    
10,222
      
1,094,163
  
Columbia Sportswear Co. (b)
    
4,347
      
245,910
  
Crocs, Inc. (a)(b)
    
7,912
      
789,064
  
Dick's Sporting Goods, Inc.
    
8,003
      
1,692,715
  
Duolingo, Inc. (a)
    
5,593
      
1,938,254
  
Five Below, Inc. (a)
    
7,812
      
1,066,494
  
Floor & Decor Holdings, Inc. (a)(b)
    
15,242
      
1,168,147
  
GameStop Corp. (a)(b)
    
57,467
      
1,290,134
  
Gap, Inc.
    
31,439
      
611,803
  
Gentex Corp.
    
31,721
      
838,069
  
Goodyear Tire & Rubber Co. (a)(b)
    
40,406
      
415,374
  
Graham Holdings Co. - Class B
    
490
      
467,548
  
Grand Canyon Education, Inc. (a)
    
3,956
      
667,100
  
H&R Block, Inc.
    
18,898
      
1,026,917
  
Harley-Davidson, Inc.
    
15,433
      
375,485
  
Hilton Grand Vacations, Inc. (a)
    
8,203
      
367,658
  
Hyatt Hotels Corp. - Class A (b)
    
5,884
      
829,467
  
KB Home
    
10,131
      
559,839
  
Lear Corp. (b)
    
7,521
      
709,155
  
Light & Wonder, Inc. (a)
    
11,959
      
1,151,891
  
Lithia Motors, Inc.
    
3,665
      
1,055,520
  
Macy's, Inc. (b)
    
39,342
      
496,889
  
Marriott Vacations Worldwide Corp. (b)
    
4,538
      
337,945
  
Mattel, Inc. (a)
    
45,608
      
775,792
  
Murphy USA, Inc.
    
2,510
      
909,825
  
Ollie's Bargain Outlet Holdings, Inc. (a)
    
8,685
      
1,186,632
  
Penske Automotive Group, Inc.
    
2,610
      
436,940
  
Planet Fitness, Inc. - Class A (a)
    
11,859
      
1,294,884
  
Polaris, Inc. (b)
    
7,430
      
393,121
  
PVH Corp. (b)
    
6,757
      
496,099
  
RH (a)(b)
    
2,128
      
437,559
  
Service Corp. International
    
20,153
      
1,537,875
  
Skechers USA, Inc. - Class A (a)
    
18,416
      
1,164,812
  
Somnigroup International, Inc.
    
29,220
      
2,114,944
  
Taylor Morrison Home Corp. (a)
    
14,178
      
840,472
  
Texas Roadhouse, Inc.
    
9,358
      
1,732,447
  
Thor Industries, Inc. (b)
    
7,521
      
684,336
  
Toll Brothers, Inc.
    
14,078
      
1,666,272
  
TopBuild Corp. (a)
    
4,056
      
1,502,464
  
Travel + Leisure Co.
    
9,358
      
554,462
  
Under Armour, Inc. - Class A (a)
    
26,710
      
177,354
  
Under Armour, Inc. - Class C (a)(b)
    
18,134
      
114,244
  
Vail Resorts, Inc. (b)
    
5,311
      
798,031
  
Valvoline, Inc. (a)
    
17,934
      
632,174
  
VF Corp. (b)
    
46,763
      
548,062
  
Visteon Corp. (a)
    
3,865
      
429,595
  
Wendy's Co. (b)
    
22,754
      
224,127
  
Whirlpool Corp. (b)
    
7,812
      
648,708
  
Wingstop, Inc.
    
3,956
      
1,492,757
  
Wyndham Hotels & Resorts, Inc.
    
10,895
      
936,970
  
YETI Holdings, Inc. (a)
    
11,668
      
428,682
  
             
54,787,546
  
                 
Consumer Staples - 5.3%
          
Albertsons Cos., Inc. - Class A
    
56,885
      
1,093,330
  
BellRing Brands, Inc. (a)
    
17,934
      
978,838
  
BJ's Wholesale Club Holdings, Inc. (a)
    
18,616
      
1,971,434
  
Boston Beer Co., Inc. - Class A (a)
    
1,164
      
241,041
  
Casey's General Stores, Inc.
    
5,211
      
2,710,397
  
Celsius Holdings, Inc. (a)
    
22,181
      
1,005,687
  
Coca-Cola Consolidated, Inc.
    
8,294
      
926,855
  
Coty, Inc. - Class A (a)(b)
    
51,783
      
251,148
  
Darling Ingredients, Inc. (a)
    
22,280
      
721,426
  
elf Beauty, Inc. (a)(b)
    
8,003
      
969,884
  
Flowers Foods, Inc. (b)
    
27,774
      
440,218
  
Ingredion, Inc.
    
9,067
      
1,192,673
  
Lancaster Colony Corp.
    
2,701
      
480,130
  
Maplebear, Inc. (a)(b)
    
23,236
      
1,114,631
  
Performance Food Group Co. (a)
    
22,081
      
2,216,932
  
Pilgrim's Pride Corp.
    
5,693
      
269,791
  
Post Holdings, Inc. (a)
    
6,366
      
673,586
  
Sprouts Farmers Market, Inc. (a)
    
13,795
      
2,090,494
  
US Foods Holding Corp. (a)
    
32,685
      
2,723,641
  
             
22,072,136
  
                 
Energy - 3.7%
          
Antero Midstream Corp.
    
47,345
      
868,781
  
Antero Resources Corp. (a)
    
41,270
      
1,441,561
  
Chord Energy Corp.
    
8,203
      
905,037
  
Civitas Resources, Inc. (b)
    
12,059
      
366,111
  
CNX Resources Corp. (a)
    
20,444
      
619,658
  
DT Midstream, Inc. (b)
    
14,369
      
1,476,127
  
HF Sinclair Corp.
    
22,663
      
995,812
  
Matador Resources Co. (b)
    
16,488
      
822,422
  
Murphy Oil Corp. (b)
    
18,998
      
471,340
  
NOV, Inc. (b)
    
53,029
      
667,105
  
Ovintiv, Inc.
    
36,741
      
1,512,994
  
PBF Energy, Inc. - Class A
    
13,887
      
313,846
  
Permian Resources Corp.
    
90,052
      
1,275,136
  
Range Resources Corp.
    
33,749
      
1,239,263
  
Schlumberger Ltd.
    
19,850
      
670,930
  
Valaris Ltd. (a)(b)
    
9,258
      
450,217
  
Viper Energy, Inc.
    
18,516
      
697,313
  
Weatherford International PLC
    
10,222
      
578,054
  
             
15,371,707
  
                 
Financials - 17.5%
          
Affiliated Managers Group, Inc.
    
4,056
      
851,233
  
Ally Financial, Inc.
    
39,051
      
1,478,080
  
American Financial Group, Inc.
    
10,131
      
1,265,362
  
Associated Banc-Corp.
    
23,045
      
570,133
  
Bank OZK
    
14,951
      
737,084
  
Brighthouse Financial, Inc. (a)
    
8,103
      
387,729
  
Cadence Bank
    
26,328
      
917,531
  
Carlyle Group, Inc. (b)
    
30,084
      
1,824,895
  
CNO Financial Group, Inc.
    
13,987
      
515,281
  
Columbia Banking System, Inc.
    
29,702
      
706,908
  
Comerica, Inc.
    
18,616
      
1,257,883
  
Commerce Bancshares, Inc. (b)
    
17,170
      
1,050,804
  
Cullen Frost Bankers, Inc.
    
9,067
      
1,155,226
  
East West Bancorp, Inc.
    
19,480
      
1,952,870
  
Equitable Holdings, Inc.
    
42,907
      
2,203,274
  
Essent Group Ltd.
    
14,369
      
804,520
  
Euronet Worldwide, Inc. (a)
    
5,793
      
562,964
  
Evercore, Inc.
    
5,111
      
1,539,127
  
Federated Hermes, Inc.
    
10,704
      
530,597
  
Fidelity National Financial, Inc.
    
36,832
      
2,078,430
  
First American Financial Corp.
    
14,560
      
874,328
  
First Financial Bankshares, Inc.
    
18,225
      
630,949
  
First Horizon Corp.
    
71,636
      
1,562,381
  
FirstCash Holdings, Inc.
    
5,502
      
733,362
  
Flagstar Financial, Inc. (b)
    
42,816
      
483,393
  
FNB Corp.
    
50,819
      
778,547
  
Glacier Bancorp, Inc.
    
16,688
      
731,435
  
Hamilton Lane, Inc. - Class A
    
6,075
      
925,223
  
Hancock Whitney Corp.
    
12,059
      
720,163
  
Hanover Insurance Group, Inc.
    
5,111
      
877,201
  
Home BancShares, Inc.
    
25,937
      
730,386
  
Houlihan Lokey, Inc.
    
7,621
      
1,453,020
  
Interactive Brokers Group, Inc.
    
61,614
      
4,039,414
  
International Bancshares Corp. (b)
    
7,521
      
512,782
  
Janus Henderson Group PLC
    
17,843
      
772,602
  
Jefferies Financial Group, Inc.
    
23,045
      
1,328,775
  
Kemper Corp.
    
8,485
      
522,591
  
Kinsale Capital Group, Inc. (b)
    
3,092
      
1,362,613
  
MGIC Investment Corp.
    
33,558
      
869,152
  
Morningstar, Inc.
    
3,765
      
1,040,872
  
Old National Bancorp
    
45,990
      
970,849
  
Old Republic International Corp.
    
32,112
      
1,161,491
  
Pinnacle Financial Partners, Inc.
    
10,895
      
957,562
  
Primerica, Inc.
    
4,629
      
1,229,601
  
Prosperity Bancshares, Inc.
    
13,505
      
899,703
  
Reinsurance Group of America, Inc.
    
9,358
      
1,800,947
  
RenaissanceRe Holdings Ltd.
    
6,848
      
1,669,132
  
RLI Corp.
    
11,768
      
776,570
  
Ryan Specialty Holdings, Inc. (b)
    
15,242
      
932,658
  
SEI Investments Co.
    
13,405
      
1,181,249
  
Selective Insurance Group, Inc.
    
8,585
      
669,372
  
Shift4 Payments, Inc. - Class A (a)(b)
    
9,549
      
983,547
  
SLM Corp. (b)
    
29,602
      
941,344
  
SouthState Corp.
    
13,887
      
1,307,739
  
Stifel Financial Corp.
    
14,469
      
1,651,202
  
Synovus Financial Corp.
    
19,671
      
929,258
  
Texas Capital Bancshares, Inc. (a)
    
6,466
      
542,950
  
UMB Financial Corp.
    
10,131
      
1,114,309
  
United Bankshares, Inc.
    
20,062
      
712,602
  
Unum Group
    
22,663
      
1,627,430
  
Valley National Bancorp
    
67,298
      
623,852
  
Voya Financial, Inc.
    
13,596
      
951,720
  
Webster Financial Corp.
    
23,718
      
1,367,343
  
Western Alliance Bancorp
    
15,433
      
1,196,983
  
Western Union Co. (b)
    
46,672
      
375,710
  
WEX, Inc. (a)
    
4,829
      
819,385
  
Wintrust Financial Corp.
    
9,449
      
1,209,283
  
Zions Bancorp
    
20,826
      
1,116,690
  
             
73,059,601
  
                 
Health Care - 8.4%
          
Acadia Healthcare Co., Inc. (a)
    
13,023
      
283,511
  
Amedisys, Inc. (a)
    
4,629
      
456,419
  
Avantor, Inc. (a)
    
96,227
      
1,293,291
  
BioMarin Pharmaceutical, Inc. (a)
    
27,101
      
1,567,793
  
Bio-Rad Laboratories, Inc. - Class A (a)
    
2,610
      
631,489
  
Bruker Corp.
    
15,624
      
600,430
  
Chemed Corp.
    
2,028
      
836,144
  
Cytokinetics, Inc. (a)
    
16,879
      
635,326
  
Dentsply Sirona, Inc.
    
28,156
      
402,912
  
Doximity, Inc. - Class A (a)
    
18,898
      
1,110,257
  
Encompass Health Corp.
    
14,278
      
1,572,151
  
Ensign Group, Inc.
    
8,103
      
1,215,450
  
Envista Holdings Corp. (a)
    
23,918
      
451,811
  
Exelixis, Inc. (a)
    
38,569
      
1,396,969
  
Globus Medical, Inc. - Class A (a)
    
15,915
      
837,606
  
Haemonetics Corp. (a)(b)
    
7,139
      
528,572
  
Halozyme Therapeutics, Inc. (a)
    
17,452
      
1,046,596
  
HealthEquity, Inc. (a)
    
12,250
      
1,188,250
  
Hims & Hers Health, Inc. (a)
    
27,674
      
1,831,465
  
Illumina, Inc. (a)
    
22,372
      
2,297,828
  
Jazz Pharmaceuticals PLC (a)
    
8,685
      
995,562
  
Lantheus Holdings, Inc. (a)(b)
    
9,740
      
693,391
  
LivaNova PLC (a)
    
7,721
      
325,749
  
Masimo Corp. (a)(b)
    
6,366
      
979,027
  
Medpace Holdings, Inc. (a)
    
3,383
      
1,445,218
  
Neurocrine Biosciences, Inc. (a)
    
13,987
      
1,793,553
  
Option Care Health, Inc. (a)
    
23,145
      
679,306
  
Penumbra, Inc. (a)
    
5,502
      
1,387,990
  
Perrigo Co. PLC
    
19,380
      
516,865
  
Repligen Corp. (a)
    
7,430
      
869,830
  
Roivant Sciences Ltd. (a)
    
59,495
      
675,863
  
Sarepta Therapeutics, Inc. (a)
    
13,887
      
228,025
  
Sotera Health Co. (a)
    
21,699
      
249,321
  
Tenet Healthcare Corp. (a)
    
13,114
      
2,115,026
  
United Therapeutics Corp. (a)
    
6,366
      
1,748,740
  
             
34,887,736
  
                 
Industrials - 23.6%
          
AAON, Inc.
    
9,549
      
797,342
  
Acuity, Inc.
    
4,347
      
1,353,438
  
Advanced Drainage Systems, Inc.
    
9,931
      
1,139,582
  
AECOM
    
18,707
      
2,109,027
  
AGCO Corp.
    
8,776
      
1,035,305
  
Alaska Air Group, Inc. (a)
    
17,170
      
909,323
  
American Airlines Group, Inc. (a)
    
93,144
      
1,070,225
  
API Group Corp. (a)
    
51,583
      
1,860,599
  
Applied Industrial Technologies, Inc.
    
5,402
      
1,466,643
  
ATI, Inc. (a)
    
19,962
      
1,535,876
  
Avis Budget Group, Inc. (a)
    
2,419
      
411,811
  
Brink's Co.
    
5,984
      
522,643
  
BWX Technologies, Inc. (b)
    
12,923
      
1,963,391
  
CACI International, Inc. - Class A (a)
    
3,092
      
1,424,082
  
Carlisle Cos., Inc.
    
6,075
      
2,154,863
  
Chart Industries, Inc. (a)(b)
    
6,366
      
1,265,752
  
Clean Harbors, Inc. (a)
    
7,139
      
1,683,448
  
CNH Industrial NV
    
123,510
      
1,600,690
  
Comfort Systems USA, Inc.
    
5,020
      
3,530,566
  
Concentrix Corp. (b)
    
6,466
      
336,038
  
Core & Main, Inc. - Class A (a)
    
26,710
      
1,699,824
  
Crane Co.
    
6,948
      
1,360,210
  
Curtiss-Wright Corp.
    
5,311
      
2,603,558
  
Donaldson Co., Inc.
    
16,879
      
1,214,782
  
EMCOR Group, Inc.
    
6,366
      
3,994,601
  
EnerSys
    
5,593
      
516,625
  
Esab Corp.
    
8,003
      
1,073,763
  
ExlService Holdings, Inc. (a)
    
22,954
      
996,892
  
Exponent, Inc.
    
7,139
      
492,305
  
Flowserve Corp.
    
18,516
      
1,037,637
  
Fluor Corp. (a)
    
23,236
      
1,319,108
  
Fortune Brands Innovations, Inc.
    
16,970
      
925,544
  
FTI Consulting, Inc. (a)
    
4,729
      
786,669
  
GATX Corp. (b)
    
5,020
      
766,504
  
Genpact Ltd.
    
22,754
      
1,002,314
  
Graco, Inc.
    
23,627
      
1,984,195
  
GXO Logistics, Inc. (a)
    
16,206
      
805,600
  
Hexcel Corp. (b)
    
11,377
      
681,596
  
Insperity, Inc.
    
5,020
      
299,092
  
ITT, Inc.
    
11,095
      
1,885,706
  
KBR, Inc.
    
18,325
      
856,510
  
Kirby Corp. (a)(b)
    
7,912
      
754,093
  
Knight-Swift Transportation Holdings, Inc.
    
22,854
      
971,295
  
Landstar System, Inc.
    
4,920
      
656,180
  
Lincoln Electric Holdings, Inc.
    
7,912
      
1,926,572
  
ManpowerGroup, Inc.
    
6,557
      
270,476
  
MasTec, Inc. (a)
    
8,685
      
1,643,289
  
Maximus, Inc.
    
8,003
      
591,102
  
Middleby Corp. (a)
    
7,521
      
1,092,049
  
MSA Safety, Inc. (b)
    
5,593
      
994,827
  
MSC Industrial Direct Co., Inc. - Class A
    
6,275
      
543,540
  
Mueller Industries, Inc.
    
15,624
      
1,333,821
  
NEXTracker, Inc. - Class A (a)
    
20,344
      
1,185,241
  
nVent Electric PLC
    
23,236
      
1,822,167
  
Oshkosh Corp.
    
9,067
      
1,147,248
  
Owens Corning
    
12,059
      
1,681,386
  
Parsons Corp. (a)(b)
    
6,657
      
493,949
  
Paylocity Holding Corp. (a)
    
6,075
      
1,123,146
  
RB Global, Inc. (b)
    
26,136
      
2,829,483
  
RBC Bearings, Inc. (a)
    
4,438
      
1,719,015
  
Regal Rexnord Corp.
    
9,358
      
1,430,651
  
Ryder System, Inc.
    
5,884
      
1,045,646
  
Saia, Inc. (a)
    
3,765
      
1,137,934
  
Science Applications International Corp.
    
6,657
      
742,122
  
Sensata Technologies Holding PLC
    
20,635
      
634,733
  
Simpson Manufacturing Co., Inc.
    
5,884
      
1,055,766
  
Terex Corp.
    
9,258
      
470,862
  
Tetra Tech, Inc.
    
37,223
      
1,367,573
  
Timken Co.
    
8,967
      
682,299
  
Toro Co.
    
14,078
      
1,045,291
  
Trex Co., Inc. (a)
    
15,142
      
972,722
  
UFP Industries, Inc.
    
8,485
      
831,530
  
Valmont Industries, Inc.
    
2,801
      
1,019,424
  
Watsco, Inc. (b)
    
4,920
      
2,218,330
  
Watts Water Technologies, Inc. - Class A
    
3,865
      
1,013,867
  
Wesco International, Inc.
    
6,275
      
1,298,674
  
Woodward, Inc.
    
8,394
      
2,157,930
  
XPO Logistics, Inc. (a)(b)
    
16,688
      
2,007,400
  
             
98,385,312
  
                 
Information Technology - 11.7%
          
Allegro MicroSystems, Inc. (a)
    
18,516
      
581,588
  
Amkor Technology, Inc.
    
16,006
      
361,095
  
Appfolio, Inc. - Class A (a)
    
3,283
      
877,809
  
Arrow Electronics, Inc. (a)
    
7,330
      
850,280
  
ASGN, Inc. (a)
    
6,175
      
309,615
  
Avnet, Inc.
    
11,859
      
627,816
  
Belden, Inc.
    
5,593
      
691,574
  
BILL Holdings, Inc. (a)
    
13,405
      
574,404
  
Blackbaud, Inc. (a)
    
5,311
      
358,068
  
Ciena Corp. (a)
    
20,062
      
1,862,556
  
Cirrus Logic, Inc. (a)
    
7,521
      
757,440
  
Cognex Corp.
    
23,718
      
966,983
  
Coherent Corp. (a)
    
21,990
      
2,366,124
  
Commvault Systems, Inc. (a)
    
6,275
      
1,191,936
  
Crane NXT Co. (b)
    
6,948
      
412,294
  
DocuSign, Inc. (a)
    
28,638
      
2,166,178
  
Dolby Laboratories, Inc. - Class A
    
8,685
      
654,328
  
Dropbox, Inc. - Class A (a)
    
27,674
      
751,903
  
Dynatrace, Inc. (a)
    
42,334
      
2,227,192
  
Entegris, Inc. (b)
    
21,408
      
1,679,672
  
Fabrinet (a)
    
5,020
      
1,625,125
  
Flex Ltd. (a)
    
54,193
      
2,702,605
  
Guidewire Software, Inc. (a)
    
11,859
      
2,682,743
  
IPG Photonics Corp. (a)
    
3,765
      
281,961
  
Kyndryl Holdings, Inc. (a)
    
32,885
      
1,242,066
  
Lattice Semiconductor Corp. (a)
    
19,380
      
965,705
  
Littelfuse, Inc. (b)
    
3,474
      
893,964
  
Lumentum Holdings, Inc. (a)(b)
    
9,840
      
1,083,187
  
MACOM Technology Solutions Holdings, Inc. (a)
    
8,394
      
1,151,153
  
Manhattan Associates, Inc. (a)
    
8,585
      
1,885,781
  
MKS Instruments, Inc.
    
9,449
      
899,356
  
Novanta, Inc. (a)(b)
    
5,111
      
628,755
  
Okta, Inc. (a)
    
23,627
      
2,310,721
  
Onto Innovation, Inc. (a)
    
6,948
      
658,323
  
Pegasystems, Inc.
    
12,541
      
736,282
  
Power Integrations, Inc.
    
7,912
      
383,890
  
Pure Storage, Inc. (a)
    
43,871
      
2,611,202
  
Qualys, Inc. (a)
    
5,111
      
680,121
  
Rambus, Inc. (a)
    
15,142
      
1,119,448
  
Silicon Laboratories, Inc. (a)
    
4,629
      
609,963
  
Synaptics, Inc. (a)
    
5,402
      
338,705
  
TD SYNNEX Corp.
    
10,513
      
1,517,972
  
Universal Display Corp.
    
6,275
      
906,110
  
Vontier Corp.
    
20,926
      
867,801
  
             
49,051,794
  
                 
Materials - 5.3%
          
Alcoa Corp.
    
36,549
      
1,095,374
  
AptarGroup, Inc.
    
9,358
      
1,470,516
  
Ashland, Inc.
    
6,466
      
333,387
  
Avient Corp.
    
12,923
      
407,979
  
Axalta Coating Systems Ltd. (a)(b)
    
30,857
      
873,870
  
Cabot Corp.
    
7,621
      
550,084
  
Carpenter Technology Corp.
    
7,039
      
1,755,456
  
Cleveland-Cliffs, Inc. (a)
    
68,462
      
720,220
  
Commercial Metals Co.
    
16,006
      
830,071
  
Crown Holdings, Inc.
    
16,297
      
1,619,270
  
Eagle Materials, Inc.
    
4,729
      
1,060,667
  
Graphic Packaging Holding Co.
    
42,616
      
952,894
  
Greif, Inc. - Class A
    
3,665
      
232,471
  
Knife River Corp. (a)(b)
    
8,003
      
660,088
  
Louisiana-Pacific Corp.
    
8,776
      
793,438
  
NewMarket Corp.
    
1,064
      
730,968
  
Olin Corp.
    
16,297
      
308,665
  
Reliance, Inc.
    
7,430
      
2,155,666
  
Royal Gold, Inc.
    
9,258
      
1,401,846
  
RPM International, Inc.
    
18,134
      
2,129,113
  
Scotts Miracle-Gro Co. (b)
    
6,075
      
380,660
  
Silgan Holdings, Inc.
    
11,477
      
534,025
  
Sonoco Products Co.
    
13,887
      
625,887
  
Westlake Chemical Corp.
    
4,729
      
375,010
  
             
21,997,625
  
                 
Real Estate - 0.4%
          
Jones Lang LaSalle, Inc. (a)
    
6,757
      
1,826,823
  
                 
Utilities - 2.9%
          
ALLETE, Inc.
    
8,203
      
540,824
  
Black Hills Corp.
    
10,222
      
590,627
  
Essential Utilities, Inc.
    
36,450
      
1,341,360
  
IDACORP, Inc.
    
7,621
      
955,140
  
National Fuel Gas Co. (b)
    
12,732
      
1,105,010
  
New Jersey Resources Corp.
    
14,178
      
650,912
  
Northwestern Energy Group, Inc.
    
8,685
      
466,384
  
OGE Energy Corp.
    
28,447
      
1,292,063
  
ONE Gas, Inc.
    
8,485
      
616,860
  
Ormat Technologies, Inc. (b)
    
8,103
      
724,489
  
Portland General Electric Co.
    
15,433
      
634,605
  
Southwest Gas Holdings, Inc.
    
8,485
      
663,018
  
Spire, Inc.
    
8,294
      
617,654
  
TXNM Energy, Inc.
    
13,114
      
744,744
  
UGI Corp.
    
30,275
      
1,095,350
  
             
12,039,040
  
TOTAL COMMON STOCKS (Cost $393,236,144)
      
388,578,039
  
                 
REAL ESTATE INVESTMENT TRUSTS - COMMON - 6.9%
                
Financials - 0.6%
          
Annaly Capital Management, Inc.
    
85,431
      
1,736,812
  
Starwood Property Trust, Inc.
    
45,508
      
885,586
  
             
2,622,398
  
                 
Real Estate - 6.3%
          
Agree Realty Corp. (b)
    
15,524
      
1,113,071
  
American Homes 4 Rent - Class A (b)
    
44,935
      
1,558,795
  
Brixmor Property Group, Inc.
    
43,198
      
1,128,764
  
COPT Defense Properties
    
15,915
      
434,161
  
Cousins Properties, Inc.
    
23,718
      
642,758
  
CubeSmart
    
32,203
      
1,253,019
  
EastGroup Properties, Inc.
    
7,430
      
1,212,873
  
EPR Properties (b)
    
10,704
      
589,148
  
Equity LifeStyle Properties, Inc.
    
27,001
      
1,617,900
  
First Industrial Realty Trust, Inc.
    
18,707
      
911,405
  
Gaming and Leisure Properties, Inc.
    
38,860
      
1,771,239
  
Healthcare Realty Trust, Inc.
    
49,655
      
762,701
  
Independence Realty Trust, Inc. (b)
    
32,976
      
553,008
  
Kilroy Realty Corp. (b)
    
15,042
      
554,448
  
Kite Realty Group Trust
    
31,048
      
682,435
  
Lamar Advertising Co. - Class A (b)
    
12,441
      
1,520,912
  
National Storage Affiliates Trust (b)
    
9,931
      
292,567
  
NNN REIT, Inc.
    
26,519
      
1,094,174
  
Omega Healthcare Investors, Inc.
    
40,888
      
1,590,543
  
Park Hotels & Resorts, Inc. (b)
    
28,256
      
301,209
  
PotlatchDeltic Corp.
    
10,131
      
414,257
  
Rayonier, Inc.
    
19,771
      
460,862
  
Rexford Industrial Realty, Inc.
    
33,367
      
1,218,897
  
Sabra Health Care REIT, Inc.
    
33,649
      
606,691
  
STAG Industrial, Inc. (b)
    
26,328
      
903,840
  
Vornado Realty Trust
    
23,627
      
907,749
  
WP Carey, Inc.
    
30,957
      
1,986,201
  
             
26,083,627
  
TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON (Cost $29,372,702)
      
28,706,025
  
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 13.0%
  
Units
          
Mount Vernon Liquid Assets Portfolio, LLC, 4.58%(c)
    
54,181,950
      
54,181,950
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $54,181,950)
      
54,181,950
  
                 
TOTAL INVESTMENTS - 113.0% (Cost $476,790,796)
      
471,466,014
  
Liabilities in Excess of Other Assets - (13.0)%
      
(54,161,278
)
TOTAL NET ASSETS - 100.0%
          
$
417,304,736
  
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)
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 $52,058,765.
(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 Trendpilot US Mid 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
  
$
388,578,039
    
$
–
    
$
–
    
$
388,578,039
  
  Real Estate Investment Trusts - Common
    
28,706,025
      
–
      
–
      
28,706,025
  
  Investments Purchased with Proceeds from Securities Lending(a)
    
–
      
–
      
–
      
54,181,950
  
Total Investments
  
$
417,284,064
    
$
–
    
$
–
    
$
471,466,014
  
   
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 $54,181,950 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.