NPORT-EX 2 pexl.htm PART F

Pacer US Export Leaders ETF
  
Schedule of Investments
  
July 31, 2025 (Unaudited)
  
   
COMMON STOCKS - 100.0%
  
Shares
    
Value
 
Communication Services - 5.0%
        
Alphabet, Inc. - Class A
    
1,865
    
$
357,893
  
Meta Platforms, Inc. - Class A
    
477
      
368,931
  
Netflix, Inc. (a)
    
267
      
309,560
  
News Corp. - Class A
    
11,878
      
348,263
  
Warner Music Group Corp. - Class A
    
12,365
      
361,800
  
             
1,746,447
  
                 
Consumer Discretionary - 13.4%
          
Airbnb, Inc. - Class A (a)
    
2,403
      
318,181
  
Aptiv PLC (a)
    
4,843
      
332,423
  
Autoliv, Inc.
    
3,000
      
334,650
  
Booking Holdings, Inc.
    
62
      
341,252
  
Carnival Corp. (a)
    
14,534
      
432,677
  
Duolingo, Inc. (a)
    
681
      
236,001
  
Garmin Ltd.
    
1,618
      
353,954
  
NIKE, Inc. - Class B
    
5,381
      
401,907
  
Ralph Lauren Corp.
    
1,243
      
371,346
  
Royal Caribbean Cruises Ltd. (b)
    
1,262
      
401,152
  
Tesla Motors, Inc. (a)
    
994
      
306,420
  
Visteon Corp. (a)
    
3,625
      
402,919
  
Wynn Resorts Ltd.
    
3,869
      
421,837
  
             
4,654,719
  
                 
Consumer Staples - 2.8%
          
Archer-Daniels-Midland Co.
    
6,263
      
339,330
  
Coty, Inc. - Class A (a)
    
68,333
      
331,415
  
Ingredion, Inc.
    
2,356
      
309,908
  
             
980,653
  
                 
Energy - 5.7%
          
Chevron Corp.
    
2,329
      
353,170
  
Exxon Mobil Corp.
    
2,905
      
324,314
  
Halliburton Co.
    
14,045
      
314,608
  
NOV, Inc. (b)
    
23,843
      
299,945
  
Valaris Ltd. (a)(b)
    
7,003
      
340,556
  
Weatherford International PLC
    
6,142
      
347,330
  
             
1,979,923
  
                 
Health Care - 12.2%
          
Abbott Laboratories
    
2,402
      
303,108
  
Agilent Technologies, Inc.
    
2,782
      
319,402
  
BioMarin Pharmaceutical, Inc. (a)
    
5,793
      
335,125
  
Bio-Rad Laboratories, Inc. - Class A (a)
    
1,425
      
344,779
  
Cooper Cos., Inc. (a)
    
4,673
      
330,334
  
IQVIA Holdings, Inc. (a)
    
2,076
      
385,845
  
Merck & Co., Inc.
    
3,986
      
311,386
  
Mettler-Toledo International, Inc. (a)
    
280
      
345,431
  
Regeneron Pharmaceuticals, Inc.
    
615
      
335,458
  
Repligen Corp. (a)
    
2,554
      
298,997
  
Revvity, Inc.
    
3,482
      
306,068
  
Thermo Fisher Scientific, Inc.
    
809
      
378,353
  
Waters Corp. (a)
    
945
      
272,878
  
             
4,267,164
  
                 
Industrials - 11.4%
          
AGCO Corp.
    
3,238
      
381,987
  
Chart Industries, Inc. (a)(b)
    
2,258
      
448,958
  
CNH Industrial NV
    
25,911
      
335,807
  
Genpact Ltd.
    
7,588
      
334,251
  
GXO Logistics, Inc. (a)(b)
    
7,581
      
376,851
  
Howmet Aerospace, Inc. (b)
    
1,902
      
341,923
  
Ingersoll Rand, Inc.
    
4,046
      
342,413
  
ITT, Inc.
    
2,165
      
367,963
  
Uber Technologies, Inc. (a)
    
3,881
      
340,558
  
United Airlines Holdings, Inc. (a)
    
4,401
      
388,652
  
Westinghouse Air Brake Technologies Corp.
    
1,615
      
310,161
  
             
3,969,524
  
                 
Information Technology - 40.0%(c)
          
Accenture PLC - Class A
    
1,045
      
279,120
  
Advanced Micro Devices, Inc. (a)
    
2,804
      
494,373
  
Akamai Technologies, Inc. (a)
    
4,196
      
320,197
  
Amphenol Corp.
    
3,521
      
375,022
  
Analog Devices, Inc.
    
1,447
      
325,040
  
Apple, Inc.
    
1,658
      
344,151
  
Applied Materials, Inc. (b)
    
1,909
      
343,735
  
Broadcom, Inc.
    
1,310
      
384,747
  
Cadence Design System, Inc. (a)
    
1,086
      
395,923
  
Cirrus Logic, Inc. (a)
    
3,229
      
325,193
  
Coherent Corp. (a)
    
4,210
      
452,996
  
Corning, Inc.
    
6,566
      
415,234
  
Dolby Laboratories, Inc. - Class A
    
4,400
      
331,496
  
Fabrinet (a)
    
1,329
      
430,237
  
Flex Ltd. (a)
    
7,552
      
376,618
  
Fortinet, Inc. (a)
    
3,230
      
322,677
  
Jabil, Inc. (b)
    
1,852
      
413,311
  
Keysight Technologies, Inc. (a)
    
2,059
      
337,491
  
KLA Corp.
    
375
      
329,636
  
Kyndryl Holdings, Inc. (a)
    
8,298
      
313,415
  
Lam Research Corp.
    
3,638
      
345,028
  
Littelfuse, Inc. (b)
    
1,507
      
387,796
  
MACOM Technology Solutions Holdings, Inc. (a)(b)
    
2,525
      
346,278
  
Microsoft Corp.
    
681
      
363,314
  
MKS Instruments, Inc.
    
3,644
      
346,836
  
Monolithic Power Systems, Inc. (b)
    
484
      
344,240
  
NetApp, Inc.
    
3,241
      
337,485
  
Novanta, Inc. (a)(b)
    
2,665
      
327,848
  
NVIDIA Corp.
    
2,294
      
408,034
  
ON Semiconductor Corp. (a)
    
6,384
      
359,802
  
Onto Innovation, Inc. (a)
    
3,439
      
325,845
  
PTC, Inc. (a)
    
1,923
      
413,080
  
Qualcomm, Inc.
    
2,105
      
308,930
  
Rambus, Inc. (a)
    
5,606
      
414,452
  
TE Connectivity PLC
    
2,003
      
412,117
  
Teledyne Technologies, Inc. (a)
    
668
      
368,081
  
Western Digital Corp. (b)
    
5,847
      
460,100
  
Zebra Technologies Corp. (a)
    
1,148
      
389,195
  
             
13,969,073
  
                 
Materials - 9.5%
          
Alcoa Corp.
    
11,488
      
344,295
  
Amcor PLC (b)
    
35,791
      
334,646
  
Cabot Corp.
    
4,359
      
314,633
  
Corteva, Inc.
    
4,497
      
324,369
  
Crown Holdings, Inc.
    
3,262
      
324,112
  
DuPont de Nemours, Inc.
    
4,871
      
350,225
  
Freeport-McMoRan, Inc.
    
7,956
      
320,149
  
Linde PLC
    
694
      
319,420
  
NewMarket Corp.
    
499
      
342,813
  
Newmont Goldcorp Corp.
    
5,625
      
349,313
  
             
3,323,975
  
TOTAL COMMON STOCKS (Cost $31,342,252)
      
34,891,478
  
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 12.8%
  
Units
          
Mount Vernon Liquid Assets Portfolio, LLC, 4.58%(d)
    
4,474,699
      
4,474,699
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $4,474,699)
      
4,474,699
  
                 
TOTAL INVESTMENTS - 112.8% (Cost $35,816,951)
      
39,366,177
  
Liabilities in Excess of Other Assets - (12.8)%
      
(4,467,280
)
TOTAL NET ASSETS - 100.0%
          
$
34,898,897
  
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 $4,309,060.
(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 US Export Leaders 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
  
$
34,891,478
    
$
–
    
$
–
    
$
34,891,478
  
  Investments Purchased with Proceeds from Securities Lending(a)
    
–
      
–
      
–
      
4,474,699
  
Total Investments
  
$
34,891,478
    
$
–
    
$
–
    
$
39,366,177
  
   
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 $4,474,699 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.