NPORT-EX 2 ecow.htm PART F

Pacer Emerging Markets Cash Cows 100 ETF
  
Schedule of Investments
  
January 31, 2026 (Unaudited)
  
   
COMMON STOCKS - 94.8%
  
Shares
    
Value
 
Brazil - 8.5%
        
Ambev SA
    
1,170,686
    
$
3,301,122
  
Cia De Sanena Do Parana
    
154,438
      
1,363,392
  
CPFL Energia SA
    
213,018
      
2,070,376
  
Lojas Renner SA
    
221,453
      
630,769
  
Sendas Distribuidora SA
    
346,324
      
565,937
  
Telefonica Brasil SA
    
432,172
      
3,064,683
  
TIM SA
    
537,065
      
2,495,129
  
             
13,491,408
  
                 
China - 20.6%
          
Anhui Conch Cement Co. Ltd. - Class H
    
830,974
      
2,640,106
  
BYD Electronic International Co. Ltd.
    
576,418
      
2,464,428
  
China International Marine Containers Group Co. Ltd.
    
2,521,431
      
2,862,878
  
China Mengniu Dairy Co. Ltd.
    
744,119
      
1,552,609
  
COSCO Shipping Holdings Co. Ltd. - Class H
    
1,658,576
      
2,908,628
  
Great Wall Motor Co. Ltd. - Class H
    
1,563,951
      
2,652,597
  
Hisense Home Appliances Group Co. Ltd.
    
397,301
      
1,164,628
  
JD Logistics, Inc. (a)(b)
    
1,650,596
      
2,364,303
  
JD.com, Inc. - Class A
    
196,719
      
2,830,381
  
Kingsoft Corp. Ltd.
    
261,919
      
1,009,844
  
Li Auto, Inc. - Class A (a)
    
185,529
      
1,566,242
  
Li Ning Co. Ltd.
    
403,507
      
1,055,758
  
New Oriental Education & Technology Group, Inc.
    
175,261
      
1,089,871
  
Shandong Weigao Group Medical Polymer Co. Ltd. - Class H
    
688,947
      
440,949
  
TravelSky Technology Ltd. - Class H
    
303,734
      
413,294
  
Weichai Power Co. Ltd. - Class H
    
1,152,116
      
3,925,875
  
Yadea Group Holdings Ltd. (b)
    
531,613
      
751,271
  
Yangzijiang Shipbuilding Holdings Ltd.
    
459,170
      
1,205,587
  
             
32,899,249
  
                 
Greece - 1.2%
          
Hellenic Telecommunications Organization SA
    
41,043
      
767,218
  
OPAP SA
    
52,308
      
1,054,059
  
             
1,821,277
  
                 
Hong Kong - 1.8%
          
Guangdong Investment Ltd.
    
1,386,148
      
1,309,478
  
Kunlun Energy Co. Ltd.
    
1,560,226
      
1,597,753
  
             
2,907,231
  
                 
Hungary - 2.5%
          
MOL Hungarian Oil & Gas PLC
    
232,266
      
2,836,714
  
Richter Gedeon Nyrt
    
35,278
      
1,180,748
  
             
4,017,462
  
                 
Indonesia - 4.8%
          
Astra International Tbk PT
    
6,931,371
      
2,622,234
  
Indofood CBP Sukses Makmur Tbk PT
    
1,810,615
      
857,575
  
Kalbe Farma Tbk PT
    
3,701,530
      
252,502
  
Telekom Indonesia Persero Tbk PT
    
13,299,302
      
2,852,397
  
United Tractors Tbk PT
    
682,898
      
1,059,845
  
             
7,644,553
  
                 
Malaysia - 1.1%
          
Sime Darby Bhd
    
2,092,897
      
1,146,793
  
Telekom Malaysia Bhd
    
333,112
      
667,576
  
             
1,814,369
  
                 
Mexico - 6.0%
          
America Movil SAB de CV
    
2,747,527
      
2,840,914
  
Gruma SAB de CV - Class B
    
45,352
      
817,327
  
Grupo Aeroportuario del Sureste SAB de CV - Class B
    
27,025
      
934,695
  
Industrias Penoles SAB de CV (a)
    
52,340
      
3,033,899
  
Sigma Foods SAB de CV - Class A
    
1,971,233
      
1,949,125
  
             
9,575,960
  
                 
Qatar - 1.2%
          
Ooredoo QPSC
    
481,221
      
1,876,775
  
                 
Russia - 0.0% (c)
          
Alrosa PJSC (a)(d)
    
91,900
      
0
  
Inter RAO UES PJSC (a)(d)
    
1,901,988
      
0
  
LUKOIL PJSC - ADR (a)(d)
    
2,652
      
0
  
Magnit PJSC (a)(d)
    
1,958
      
0
  
Magnitogorsk Iron & Steel Works PJSC - GDR (a)(d)
    
2,458
      
0
  
Magnitogorsk Iron & Steel Works PJSC (a)(d)
    
106,418
      
0
  
Severstal PAO (a)(d)
    
9,320
      
0
  
Severstal PAO - GDR (a)(d)
    
2,129
      
0
  
Surgutneftegas PAO (a)(d)
    
477,461
      
0
  
Tatneft PJSC - ADR (a)(d)
    
3,600
      
0
  
             
0
  
                 
South Africa - 7.1%
          
African Rainbow Minerals Ltd.
    
18,400
      
273,282
  
Clicks Group Ltd.
    
17,580
      
354,217
  
Exxaro Resources Ltd.
    
72,790
      
830,875
  
Harmony Gold Mining Co. Ltd.
    
43,736
      
984,766
  
Kumba Iron Ore Ltd.
    
71,983
      
1,604,202
  
Mr Price Group Ltd.
    
46,502
      
513,850
  
MTN Group Ltd.
    
220,705
      
2,472,005
  
Sasol Ltd. (a)
    
168,239
      
1,190,106
  
Tiger Brands Ltd.
    
17,551
      
366,693
  
Vodacom Group Ltd.
    
296,397
      
2,762,549
  
             
11,352,545
  
                 
Taiwan - 12.4%
          
Alchip Technologies Ltd.
    
9,891
      
982,185
  
Asia Cement Corp.
    
478,119
      
534,029
  
Catcher Technology Co. Ltd.
    
56,507
      
360,014
  
Cheng Shin Rubber Industry Co. Ltd.
    
498,675
      
484,889
  
Chicony Electronics Co. Ltd.
    
81,054
      
301,345
  
Compal Electronics, Inc.
    
2,178,190
      
2,266,785
  
Eva Airways Corp.
    
763,299
      
907,130
  
Evergreen Marine Corp. Taiwan Ltd.
    
219,512
      
1,297,402
  
Far EasTone Telecommunications Co. Ltd.
    
413,879
      
1,167,857
  
Formosa Petrochemical Corp.
    
1,283,919
      
2,178,623
  
Foxconn Technology Co. Ltd.
    
164,523
      
300,083
  
Largan Precision Co. Ltd.
    
13,420
      
1,027,715
  
Micro-Star International Co. Ltd.
    
77,201
      
221,275
  
Novatek Microelectronics Corp.
    
61,258
      
729,957
  
Realtek Semiconductor Corp.
    
61,518
      
945,153
  
Synnex Technology International Corp.
    
411,844
      
857,190
  
United Microelectronics Corp.
    
1,340,230
      
2,657,463
  
Wan Hai Lines Ltd.
    
328,982
      
768,357
  
WT Microelectronics Co. Ltd.
    
371,919
      
1,843,641
  
             
19,831,093
  
                 
Thailand - 9.0%
          
Advanced Info Service PCL
    
294,117
      
3,262,254
  
Bumrungrad Hospital PCL
    
67,050
      
356,932
  
Charoen Pokphand Foods PCL
    
3,244,740
      
2,134,630
  
Global Power Synergy PCL
    
581,767
      
656,372
  
PTT Exploration & Production PCL
    
361,136
      
1,405,980
  
PTT Oil & Retail Business PCL (b)
    
2,028,512
      
876,776
  
PTT PCL
    
2,983,898
      
3,224,298
  
Siam Cement PCL
    
360,925
      
2,362,960
  
             
14,280,202
  
                 
Turkey - 9.3%
          
BIM Birlesik Magazalar AS
    
61,671
      
941,650
  
Enerjisa Enerji AS (b)
    
175,930
      
423,572
  
Enka Insaat ve Sanayi AS
    
390,830
      
879,406
  
Eregli Demir ve Celik Fabrikalari TAS
    
2,459,520
      
1,593,793
  
Ford Otomotiv Sanayi AS
    
755,160
      
1,974,422
  
Gubre Fabrikalari TAS (a)
    
42,894
      
473,948
  
Migros Ticaret AS
    
56,305
      
824,759
  
Turk Hava Yollari AO
    
464,913
      
3,250,018
  
Turkcell Iletisim Hizmetleri AS
    
653,991
      
1,758,032
  
Turkiye Petrol Rafinerileri AS
    
483,024
      
2,719,072
  
             
14,838,672
  
                 
United Arab Emirates - 9.3%
          
ADNOC Drilling Co. PJSC
    
1,375,373
      
1,996,116
  
Adnoc Gas PLC
    
3,203,844
      
3,149,320
  
Air Arabia PJSC
    
651,738
      
883,773
  
Borouge PLC
    
3,486,677
      
2,477,938
  
Dubai Electricity & Water Authority PJSC
    
3,906,814
      
3,212,683
  
Emirates Telecommunications Group Co. PJSC
    
589,596
      
3,162,707
  
             
14,882,537
  
TOTAL COMMON STOCKS (Cost $136,751,857)
      
151,233,333
  
                 
PREFERRED STOCKS - 4.9%
  
Shares
    
Value
 
Brazil - 4.9%
          
Axia Energia
    
–
    
$
–
  
0.00%
    
238,303
      
2,610,001
  
0.00%  (a)
    
62,629
      
631,076
  
Cia Energetica de Minas Gerais, 0.00%
    
408,946
      
891,285
  
Petroleo Brasileiro SA - Petrobras, 0.00%
    
507,901
      
3,635,482
  
TOTAL PREFERRED STOCKS (Cost $5,707,355)
      
7,767,844
  
                 
TOTAL INVESTMENTS - 99.7% (Cost $142,459,212)
      
159,001,177
  
Other Assets in Excess of Liabilities - 0.3%
      
484,167
  
TOTAL NET ASSETS - 100.0%
          
$
159,485,344
  
                 
Percentages are stated as a percent of net assets.
          

ADR - American Depositary Receipt
GDR - Global Depositary Receipt
PCL - Public Company Limited
PJSC - Public Joint Stock Company
PLC - Public Limited Company

(a)
Non-income producing security.
(b)
Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of January 31, 2026, the value of these securities total $4,415,922 or 2.8% of the Fund’s net assets.
(c)
Represents less than 0.05% of net assets.
(d)
Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of January 31, 2026.


Summary of Fair Value Disclosure as of January 31, 2026 (Unaudited)
 
Pacer Emerging Markets Cash Cows 100 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 January 31, 2026:
 
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
151,233,333
    
$
–
    
$
0
    
$
151,233,333
  
  Preferred Stocks
    
7,767,844
      
–
      
–
      
7,767,844
  
Total Investments
  
$
159,001,177
    
$
–
    
$
0
    
$
159,001,177
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  


Fair Value Measurement Using Significant Unobservable Inputs
  
Level 3
  
Beginning balance as of April 30, 2025
  
$
0
  
Ending balance as of January 31, 2026
  
$
0
  
   
$
0
  
Change in unrealized appreciation/depreciation still held as of January 31, 2026
  
$
0
  


Description
  
Fair Value as of
January 31, 2026
  
Valuation Technique
Unobservable Inputs
  
Input Values (Ranges)
  
Common Stocks
  
$
0
  
Market comparable companies
Discount for lack of marketability
  
0.00 RUB/0.00 USD
  
   
$
0