NPORT-EX 2 shpp.htm PART F

Pacer Industrials and Logistics ETF
  
Schedule of Investments
  
January 31, 2026 (Unaudited)
  
   
COMMON STOCKS - 99.9%
  
Shares
    
Value
 
Energy - 0.7%
        
ADNOC Logistics & Services
    
15,038
    
$
22,971
  
SFL Corp. Ltd.
    
274
      
2,427
  
             
25,398
  
                 
Industrials - 87.2% (a)
          
ABB Ltd.
    
4,772
      
413,092
  
ANE Cayman, Inc. (b)
    
2,418
      
3,756
  
AP Moller - Maersk AS - Class B
    
12
      
29,880
  
ArcBest Corp.
    
46
      
4,150
  
ATS Corp. (c)
    
201
      
5,744
  
AutoStore Holdings Ltd. (c)(d)
    
7,050
      
8,255
  
Brambles Ltd.
    
2,770
      
43,468
  
Canadian National Railway Co.
    
1,255
      
121,399
  
Canadian Pacific Kansas City Ltd.
    
1,836
      
137,237
  
CH Robinson Worldwide, Inc.
    
241
      
46,983
  
China Merchants Port Holdings Co. Ltd.
    
8,533
      
17,187
  
CJ Logistics Corp.
    
47
      
3,389
  
Clarkson PLC
    
63
      
3,622
  
COSCO Shipping Holdings Co. Ltd. - Class H
    
5,896
      
10,343
  
COSCO SHIPPING Ports Ltd.
    
7,968
      
6,316
  
Costamare, Inc.
    
246
      
4,128
  
CSX Corp.
    
3,796
      
143,337
  
CTT-Correios de Portugal SA
    
276
      
2,230
  
Daifuku Co. Ltd.
    
772
      
27,715
  
Danaos Corp.
    
38
      
3,931
  
Deutsche Post AG
    
2,449
      
137,865
  
DSV AS
    
490
      
138,089
  
Expeditors International of Washington, Inc. (e)
    
273
      
43,827
  
FedEx Corp.
    
481
      
155,002
  
Full Truck Alliance Co. Ltd. - ADR
    
1,909
      
18,899
  
GXO Logistics, Inc. (c)
    
233
      
13,186
  
Hapag-Lloyd AG (d)
    
360
      
51,907
  
Hiab Oyj
    
112
      
6,675
  
HMM Co. Ltd.
    
1,917
      
26,636
  
Hoegh Autoliners ASA
    
390
      
4,376
  
Hyundai Glovis Co. Ltd.
    
152
      
25,555
  
ID Logistics Group SACA (c)
    
13
      
6,341
  
International Container Terminal Services, Inc.
    
4,104
      
44,748
  
Interroll Holding AG
    
2
      
4,831
  
J&T Global Express Ltd. (c)
    
16,273
      
21,191
  
JB Hunt Trasport Services, Inc. (e)
    
194
      
39,328
  
JD Logistics, Inc. (c)(d)
    
13,527
      
19,382
  
Kalmar Oyj - Class B
    
113
      
5,799
  
Kamigumi Co. Ltd.
    
219
      
7,676
  
Kardex Holding AG
    
16
      
5,631
  
Kawasaki Kisen Kaisha Ltd.
    
1,302
      
18,813
  
KION Group AG
    
267
      
18,963
  
Kirby Corp. (c)(e)
    
111
      
13,060
  
Knight-Swift Transportation Holdings, Inc.
    
330
      
18,183
  
Konoike Transport Co. Ltd.
    
115
      
2,475
  
Kuehne + Nagel International AG
    
246
      
57,087
  
Landstar System, Inc.
    
70
      
10,455
  
Logista Integral SA
    
270
      
9,900
  
Mainfreight Ltd.
    
205
      
8,326
  
Marten Transport Ltd.
    
168
      
2,066
  
Matson, Inc. (e)
    
64
      
10,259
  
Mitsubishi Logisnext Co. Ltd.
    
222
      
2,244
  
Mitsubishi Logistics Corp.
    
780
      
6,672
  
Mitsui OSK Lines Ltd.
    
738
      
23,150
  
Mitsui-Soko Holdings Co. Ltd.
    
146
      
3,420
  
Navios Maritime Partners LP
    
60
      
3,589
  
Nikkon Holdings Co. Ltd.
    
260
      
6,177
  
NIPPON EXPRESS HOLDINGS INC
    
534
      
12,140
  
Nippon Yusen KK
    
882
      
29,000
  
Norfolk Southern Corp.
    
499
      
145,329
  
Old Dominion Freight Line, Inc. (e)
    
426
      
73,783
  
Orient Overseas International Ltd.
    
1,342
      
21,978
  
Pacific Basin Shipping Ltd.
    
10,740
      
4,222
  
Pan Ocean Co. Ltd. (c)
    
1,098
      
3,585
  
Qube Holdings Ltd.
    
3,626
      
12,117
  
Rumo SA
    
3,776
      
10,602
  
RXO, Inc. (c)(e)
    
336
      
4,899
  
Ryder System, Inc.
    
82
      
15,685
  
Saia, Inc. (c)(e)
    
54
      
18,083
  
Sankyu, Inc.
    
114
      
6,797
  
Schneider National, Inc. - Class B
    
189
      
5,073
  
Seino Holdings Co. Ltd.
    
384
      
5,994
  
Senko Group Holdings Co. Ltd.
    
357
      
4,452
  
SG Holdings Co. Ltd.
    
1,302
      
12,576
  
SITC International Holdings Co. Ltd.
    
5,488
      
20,477
  
Star Bulk Carriers Corp.
    
235
      
5,393
  
Sumitomo Warehouse Co. Ltd.
    
157
      
3,771
  
Symbotic, Inc. (c)
    
228
      
12,396
  
TFI International, Inc.
    
169
      
18,262
  
Toyota Industries Corp.
    
662
      
84,778
  
Transcoal Pacific Tbk PT
    
10,284
      
6,311
  
TS Lines Ltd.
    
3,426
      
3,931
  
Union Pacific Corp.
    
1,522
      
357,822
  
United Parcel Service, Inc. - Class B
    
1,507
      
160,074
  
Wallenius Wilhelmsen ASA
    
850
      
9,891
  
Werner Enterprises, Inc.
    
123
      
4,213
  
Westshore Terminals Investment Corp.
    
126
      
2,701
  
XPO Logistics, Inc. (c)
    
239
      
35,398
  
Yamato Holdings Co. Ltd.
    
738
      
9,666
  
Yaskawa Electric Corp.
    
541
      
17,237
  
ZIM Integrated Shipping Services Ltd. (e)
    
246
      
5,419
  
ZTO Express Cayman, Inc.
    
1,216
      
27,030
  
             
3,199,030
  
                 
Information Technology - 12.0%
          
Celestica, Inc. (c)
    
235
      
66,402
  
Cognex Corp.
    
341
      
13,210
  
Cybozu, Inc.
    
108
      
1,669
  
Flex Ltd. (c)(e)
    
754
      
47,532
  
Open Text Corp.
    
512
      
13,150
  
Sanmina Corp. (c)
    
111
      
15,727
  
SAP SE
    
1,385
      
281,027
  
             
438,717
  
TOTAL COMMON STOCKS (Cost $3,460,891)
      
3,663,145
  
                 
SHORT-TERM INVESTMENTS
  
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 5.7%
  
Units
    
Value
 
Mount Vernon Liquid Assets Portfolio, LLC, 3.77% (f)
    
207,640
      
207,640
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $207,640)
      
207,640
  
                 
TOTAL INVESTMENTS - 105.6% (Cost $3,668,531)
      
3,870,785
  
Liabilities in Excess of Other Assets - (5.6)%
      
(204,512
)
TOTAL NET ASSETS - 100.0%
          
$
3,666,273
  
                 
Percentages are stated as a percent of net assets.
          

ADR - American Depositary Receipt
LLC - Limited Liability Company
LP - Limited Partnership
PLC - Public Limited Company
 
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.

(a)
To the extent that the Fund invests more heavily in a particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(b)
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 $3,756 or 0.1% of net assets as of January 31, 2026.
(c)
Non-income producing security.
(d)
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 $79,544 or 2.2% of the Fund’s net assets.
(e)
All or a portion of this security is on loan as of January 31, 2026. The fair value of these securities was $201,373.
(f)
The rate shown represents the 7-day annualized yield as of January 31, 2026.

 
Summary of Fair Value Disclosure as of January 31, 2026 (Unaudited)
 
Pacer Industrials and Logistics 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
  
$
3,659,389
    
$
–
    
$
3,756
    
$
3,663,145
  
  Investments Purchased with Proceeds from Securities Lending(a)
    
–
      
–
      
–
      
207,640
  
Total Investments
  
$
3,659,389
    
$
–
    
$
3,756
    
$
3,870,785
  
   
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 $207,640 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.


Fair Value Measurement Using Significant Unobservable Inputs
  
Level 3
  
Beginning balance as of April 30, 2025
  
$
0
  
Purchases
    
8,389
  
Sales
    
(4,977
)
Change in unrealized appreciation/depreciation
    
337
  
Amortization/(Accretion)
    
0
  
Realized gain/loss
    
7
  
Ending balance as of January 31, 2026
  
$
3,756
  
   
$
0
  
Change in unrealized appreciation/depreciation still held as of January 31, 2026
  
$
337
  

Description
  
Fair Value as of January 31, 2026
  
Valuation Technique
Unobservable Inputs
  
Input Values (Ranges)
  
Common Stocks
  
$
3,756
  
Last Trade Price
Delisting
  
7.62 – 12.15 HKD
  
   
$
3,756