NPORT-EX 2 ptmc.htm PART F

Pacer Trendpilot® US Mid Cap ETF
  
Schedule of Investments
  
January 31, 2026 (Unaudited)
  
   
COMMON STOCKS - 93.5%
  
Shares
    
Value
 
Communication Services - 1.6%
        
EchoStar Corp. - Class A (a)(b)
    
15,724
    
$
1,780,271
  
New York Times Co. - Class A
    
18,873
      
1,383,580
  
Nexstar Media Group, Inc. (b)
    
3,334
      
708,075
  
Pinterest, Inc. - Class A (a)
    
69,179
      
1,530,931
  
Warner Music Group Corp. - Class A (b)
    
17,046
      
511,039
  
ZoomInfo Technologies, Inc. (a)
    
32,028
      
257,825
  
             
6,171,721
  
                 
Consumer Discretionary - 11.2%
          
Abercrombie & Fitch Co. - Class A (a)
    
5,502
      
537,160
  
Aramark
    
30,706
      
1,181,874
  
Autoliv, Inc. (b)
    
8,166
      
990,046
  
AutoNation, Inc. (a)
    
3,138
      
643,227
  
Bath & Body Works, Inc.
    
24,080
      
524,944
  
BorgWarner, Inc.
    
24,689
      
1,170,506
  
Boyd Gaming Corp.
    
6,760
      
571,490
  
Brunswick Corp.
    
7,602
      
609,832
  
Burlington Stores, Inc. (a)
    
7,284
      
2,155,044
  
Capri Holdings Ltd. (a)
    
13,921
      
314,197
  
Cava Group, Inc. (a)
    
11,654
      
706,465
  
Chewy, Inc. - Class A (a)
    
26,288
      
765,244
  
Choice Hotels International, Inc. (b)
    
2,418
      
248,570
  
Churchill Downs, Inc.
    
7,738
      
761,110
  
Columbia Sportswear Co.
    
2,960
      
163,629
  
Crocs, Inc. (a)
    
5,959
      
500,079
  
Dick's Sporting Goods, Inc. (b)
    
7,625
      
1,540,250
  
Duolingo, Inc. (a)
    
4,677
      
626,999
  
Five Below, Inc. (a)
    
6,449
      
1,235,886
  
Floor & Decor Holdings, Inc. (a)(b)
    
12,587
      
830,239
  
GameStop Corp. (a)(b)
    
48,128
      
1,149,297
  
Gap, Inc.
    
26,440
      
739,791
  
Gentex Corp. (b)
    
25,578
      
588,550
  
Goodyear Tire & Rubber Co. (a)
    
33,431
      
314,586
  
Graham Holdings Co. - Class B
    
404
      
471,319
  
Grand Canyon Education, Inc. (a)
    
3,230
      
561,503
  
H&R Block, Inc.
    
14,504
      
572,183
  
Harley-Davidson, Inc.
    
13,800
      
273,240
  
Hilton Grand Vacations, Inc. (a)
    
7,002
      
315,860
  
Hyatt Hotels Corp. - Class A (b)
    
4,888
      
764,337
  
KB Home
    
7,433
      
427,695
  
Lear Corp.
    
5,954
      
697,154
  
Lithia Motors, Inc. (b)
    
2,794
      
903,691
  
Macy's, Inc.
    
31,356
      
627,747
  
Mattel, Inc. (a)
    
35,653
      
744,791
  
Murphy USA, Inc.
    
1,959
      
827,697
  
Ollie's Bargain Outlet Holdings, Inc. (a)
    
7,166
      
790,481
  
Penske Automotive Group, Inc.
    
2,160
      
338,666
  
Planet Fitness, Inc. - Class A (a)
    
9,702
      
883,270
  
Polaris, Inc.
    
6,246
      
398,745
  
PVH Corp. (b)
    
5,632
      
351,212
  
RH (a)
    
1,804
      
358,689
  
Service Corp. International
    
16,379
      
1,317,363
  
Somnigroup International, Inc. (b)
    
24,518
      
2,153,906
  
Taylor Morrison Home Corp. (a)
    
11,420
      
696,049
  
Texas Roadhouse, Inc.
    
7,731
      
1,390,498
  
Thor Industries, Inc. (b)
    
6,156
      
688,672
  
Toll Brothers, Inc.
    
11,121
      
1,606,873
  
TopBuild Corp. (a)
    
3,270
      
1,530,524
  
Travel + Leisure Co.
    
7,518
      
522,802
  
Vail Resorts, Inc. (b)
    
4,130
      
549,579
  
Valvoline, Inc. (a)(b)
    
14,852
      
485,957
  
VF Corp.
    
38,330
      
750,885
  
Visteon Corp.
    
3,197
      
290,479
  
Whirlpool Corp. (b)
    
6,568
      
525,374
  
Wingstop, Inc.
    
3,250
      
862,648
  
Wyndham Hotels & Resorts, Inc.
    
8,830
      
642,736
  
YETI Holdings, Inc. (a)(b)
    
9,096
      
415,778
  
             
43,607,418
  
                 
Consumer Staples - 4.3%
          
Albertsons Cos., Inc. - Class A
    
46,189
      
769,047
  
BellRing Brands, Inc. (a)
    
14,714
      
365,937
  
BJ's Wholesale Club Holdings, Inc. (a)
    
15,390
      
1,422,652
  
Boston Beer Co., Inc. - Class A (a)
    
902
      
192,685
  
Casey's General Stores, Inc.
    
4,347
      
2,636,455
  
Celsius Holdings, Inc. (a)
    
18,670
      
979,802
  
Coca-Cola Consolidated, Inc.
    
6,529
      
992,800
  
Coty, Inc. - Class A (a)
    
42,899
      
135,990
  
Darling Ingredients, Inc. (a)
    
18,483
      
843,934
  
elf Beauty, Inc. (a)
    
6,969
      
592,295
  
Flowers Foods, Inc.
    
24,662
      
281,887
  
Ingredion, Inc.
    
7,424
      
876,774
  
Maplebear, Inc. (a)
    
21,468
      
797,751
  
Marzetti Co.
    
2,378
      
407,993
  
Performance Food Group Co. (a)
    
18,316
      
1,748,262
  
Pilgrim's Pride Corp.
    
4,998
      
216,763
  
Post Holdings, Inc. (a)
    
5,592
      
572,118
  
Sprouts Farmers Market, Inc. (a)
    
11,374
      
806,530
  
US Foods Holding Corp. (a)
    
25,888
      
2,164,755
  
             
16,804,430
  
                 
Energy - 4.2%
          
Antero Midstream Corp.
    
38,939
      
732,832
  
Antero Resources Corp. (a)
    
34,236
      
1,245,163
  
Chord Energy Corp.
    
6,645
      
666,095
  
CNX Resources Corp. (a)
    
15,466
      
600,081
  
DT Midstream, Inc.
    
11,886
      
1,497,874
  
HF Sinclair Corp.
    
18,268
      
949,753
  
Matador Resources Co.
    
13,644
      
617,255
  
Murphy Oil Corp. (b)
    
15,675
      
471,661
  
NOV, Inc.
    
42,602
      
781,747
  
Ovintiv, Inc.
    
29,231
      
1,270,672
  
PBF Energy, Inc. - Class A
    
9,614
      
321,684
  
Permian Resources Corp.
    
81,093
      
1,308,030
  
Range Resources Corp.
    
27,678
      
1,047,612
  
SM Energy Co.
    
12,770
      
248,635
  
TechnipFMC PLC
    
46,966
      
2,616,946
  
Valaris Ltd. (a)
    
7,562
      
436,554
  
Viper Energy, Inc. - Class A
    
19,675
      
833,039
  
Weatherford International PLC (b)
    
8,380
      
788,390
  
             
16,434,023
  
                 
Financials - 15.7%
          
Affiliated Managers Group, Inc.
    
3,292
      
1,030,692
  
Ally Financial, Inc.
    
32,739
      
1,384,205
  
American Financial Group, Inc.
    
8,095
      
1,054,536
  
Associated Banc-Corp.
    
19,096
      
520,557
  
Bank OZK
    
12,366
      
588,127
  
Brighthouse Financial, Inc. (a)
    
6,689
      
428,497
  
Cadence Bank
    
21,760
      
916,314
  
Carlyle Group, Inc.
    
30,305
      
1,781,328
  
CNO Financial Group, Inc.
    
11,142
      
468,521
  
Columbia Banking System, Inc.
    
34,938
      
1,028,575
  
Comerica, Inc.
    
14,921
      
1,323,045
  
Commerce Bancshares, Inc.
    
15,107
      
795,232
  
Corebridge Financial, Inc.
    
30,858
      
951,352
  
Cullen Frost Bankers, Inc. (b)
    
7,474
      
1,030,067
  
East West Bancorp, Inc.
    
15,979
      
1,828,637
  
Equitable Holdings, Inc.
    
33,065
      
1,534,216
  
Essent Group Ltd.
    
11,290
      
710,367
  
Euronet Worldwide, Inc. (a)
    
4,574
      
331,432
  
Evercore, Inc.
    
4,526
      
1,598,900
  
Federated Hermes, Inc.
    
8,632
      
459,913
  
Fidelity National Financial, Inc.
    
29,770
      
1,619,190
  
First American Financial Corp.
    
11,911
      
752,537
  
First Financial Bankshares, Inc. (b)
    
15,224
      
484,428
  
First Horizon Corp. (b)
    
56,827
      
1,391,693
  
FirstCash Holdings, Inc.
    
4,542
      
774,411
  
Flagstar Bank NA (b)
    
34,958
      
462,145
  
FNB Corp.
    
41,828
      
734,081
  
Glacier Bancorp, Inc. (b)
    
15,030
      
761,720
  
Hamilton Lane, Inc. - Class A (b)
    
4,780
      
675,127
  
Hancock Whitney Corp. (b)
    
9,776
      
672,589
  
Hanover Insurance Group, Inc.
    
4,167
      
725,641
  
Home BancShares, Inc.
    
21,354
      
617,131
  
Houlihan Lokey, Inc.
    
6,375
      
1,073,040
  
International Bancshares Corp. (b)
    
6,320
      
440,125
  
Janus Henderson Group PLC
    
14,440
      
694,997
  
Jefferies Financial Group, Inc.
    
19,275
      
1,179,245
  
Kemper Corp.
    
6,716
      
264,678
  
Kinsale Capital Group, Inc. (b)
    
2,586
      
1,023,746
  
MGIC Investment Corp.
    
25,670
      
691,036
  
Morningstar, Inc.
    
2,792
      
564,235
  
Old National Bancorp
    
40,618
      
992,298
  
Old Republic International Corp.
    
26,268
      
1,028,918
  
Pinnacle Financial Partners, Inc.
    
17,477
      
1,661,888
  
Primerica, Inc.
    
3,685
      
969,302
  
Prosperity Bancshares, Inc.
    
11,098
      
765,873
  
Reinsurance Group of America, Inc.
    
7,686
      
1,558,337
  
RenaissanceRe Holdings Ltd.
    
5,322
      
1,499,207
  
RLI Corp.
    
10,732
      
627,071
  
Ryan Specialty Holdings, Inc. (b)
    
13,241
      
639,275
  
SEI Investments Co.
    
10,875
      
955,369
  
Selective Insurance Group, Inc.
    
7,068
      
594,277
  
Shift4 Payments, Inc. - Class A (a)(b)
    
7,900
      
466,416
  
SLM Corp.
    
23,714
      
643,835
  
SouthState Bank Corp.
    
11,600
      
1,187,028
  
Stifel Financial Corp.
    
11,902
      
1,467,517
  
Texas Capital Bancshares, Inc. (a)(b)
    
5,334
      
539,641
  
UMB Financial Corp.
    
8,346
      
1,061,110
  
United Bankshares, Inc.
    
16,362
      
692,603
  
Unum Group
    
17,762
      
1,349,379
  
Valley National Bancorp (b)
    
56,012
      
697,910
  
Voya Financial, Inc.
    
11,118
      
852,306
  
Webster Financial Corp.
    
18,612
      
1,224,111
  
Western Alliance Bancorp
    
12,066
      
1,075,684
  
WEX, Inc. (a)
    
4,012
      
617,447
  
Wintrust Financial Corp.
    
7,827
      
1,154,404
  
Zions Bancorp
    
17,244
      
1,033,088
  
             
60,720,602
  
                 
Health Care - 8.5%
          
Avantor, Inc. (a)(b)
    
79,629
      
869,549
  
BioMarin Pharmaceutical, Inc. (a)
    
22,436
      
1,268,531
  
Bio-Rad Laboratories, Inc. - Class A (a)
    
2,130
      
625,581
  
Bruker Corp. (b)
    
12,960
      
573,998
  
Chemed Corp.
    
1,632
      
697,092
  
Cytokinetics, Inc. (a)
    
14,244
      
900,078
  
Dentsply Sirona, Inc.
    
23,306
      
290,626
  
Doximity, Inc. - Class A (a)
    
16,052
      
601,468
  
Elanco Animal Health, Inc. (a)(b)
    
58,030
      
1,397,362
  
Encompass Health Corp.
    
11,756
      
1,111,295
  
Ensign Group, Inc.
    
6,717
      
1,153,040
  
Envista Holdings Corp. (a)
    
19,210
      
450,859
  
Exelixis, Inc. (a)
    
31,316
      
1,295,230
  
Globus Medical, Inc. - Class A (a)
    
13,014
      
1,180,109
  
Haemonetics Corp. (a)
    
5,472
      
364,764
  
Halozyme Therapeutics, Inc. (a)
    
13,744
      
985,582
  
HealthEquity, Inc. (a)
    
10,068
      
862,526
  
Hims & Hers Health, Inc. (a)(b)
    
24,336
      
659,262
  
Illumina, Inc. (a)
    
17,748
      
2,570,088
  
Jazz Pharmaceuticals PLC (a)
    
7,106
      
1,168,866
  
Lantheus Holdings, Inc. (a)
    
7,750
      
518,630
  
LivaNova PLC (a)
    
6,384
      
419,493
  
Masimo Corp. (a)
    
5,344
      
733,892
  
Medpace Holdings, Inc. (a)
    
2,606
      
1,517,943
  
Neurocrine Biosciences, Inc. (a)
    
11,654
      
1,585,643
  
Option Care Health, Inc. (a)
    
18,540
      
630,360
  
Penumbra, Inc. (a)(b)
    
4,582
      
1,641,135
  
Repligen Corp. (a)
    
6,189
      
924,451
  
Roivant Sciences Ltd. (a)
    
51,176
      
1,106,425
  
Sotera Health Co. (a)
    
24,231
      
439,066
  
Tenet Healthcare Corp. (a)
    
10,202
      
1,931,035
  
United Therapeutics Corp. (a)
    
5,004
      
2,349,328
  
             
32,823,307
  
                 
Industrials - 24.7%
          
AAON, Inc. (b)
    
7,910
      
720,285
  
Acuity, Inc.
    
3,553
      
1,098,730
  
Advanced Drainage Systems, Inc. (b)
    
8,360
      
1,271,054
  
AECOM
    
15,472
      
1,491,965
  
AeroVironment, Inc. (a)(b)
    
3,721
      
1,035,889
  
AGCO Corp.
    
7,241
      
821,202
  
Alaska Air Group, Inc. (a)
    
13,556
      
689,051
  
American Airlines Group, Inc. (a)
    
77,086
      
1,025,244
  
API Group Corp. (a)
    
43,237
      
1,797,362
  
Applied Industrial Technologies, Inc.
    
4,411
      
1,148,668
  
ATI, Inc. (a)
    
15,772
      
1,897,372
  
Avis Budget Group, Inc. (a)(b)
    
1,984
      
228,140
  
Booz Allen Hamilton Holding Corp.
    
13,998
      
1,237,703
  
Brink's Co.
    
4,859
      
617,287
  
BWX Technologies, Inc.
    
10,683
      
2,194,609
  
CACI International, Inc. - Class A (a)
    
2,587
      
1,605,440
  
Carlisle Cos., Inc. (b)
    
4,807
      
1,638,658
  
Carpenter Technology Corp. (b)
    
5,825
      
1,851,360
  
Chart Industries, Inc. (a)
    
5,171
      
1,072,155
  
Clean Harbors, Inc. (a)
    
5,874
      
1,526,711
  
CNH Industrial NV
    
103,348
      
1,112,024
  
Concentrix Corp. (b)
    
5,166
      
192,950
  
Core & Main, Inc. - Class A (a)
    
22,276
      
1,188,647
  
Crane Co.
    
5,726
      
1,045,797
  
Curtiss-Wright Corp.
    
4,282
      
2,811,947
  
Donaldson Co., Inc.
    
13,371
      
1,363,040
  
Dycom Industries, Inc. (a)
    
3,339
      
1,216,698
  
EnerSys
    
4,314
      
777,340
  
Esab Corp.
    
6,672
      
807,979
  
ExlService Holdings, Inc. (a)
    
18,540
      
725,841
  
Exponent, Inc.
    
5,840
      
419,721
  
Flowserve Corp.
    
14,665
      
1,146,070
  
Fluor Corp. (a)
    
18,828
      
869,665
  
Fortune Brands Innovations, Inc.
    
14,030
      
759,023
  
FTI Consulting, Inc. (a)
    
3,477
      
607,328
  
GATX Corp. (b)
    
4,176
      
759,656
  
Genpact Ltd. (b)
    
18,734
      
826,169
  
Graco, Inc.
    
19,364
      
1,691,058
  
GXO Logistics, Inc. (a)
    
13,376
      
756,948
  
Hexcel Corp.
    
9,306
      
770,630
  
ITT, Inc.
    
9,805
      
1,787,451
  
KBR, Inc.
    
14,839
      
635,258
  
Kirby Corp. (a)(b)
    
6,223
      
732,198
  
Knight-Swift Transportation Holdings, Inc.
    
18,968
      
1,045,137
  
Kratos Defense & Security Solutions, Inc. (a)
    
19,724
      
2,031,769
  
Landstar System, Inc.
    
4,012
      
599,232
  
Lincoln Electric Holdings, Inc.
    
6,343
      
1,683,115
  
MasTec, Inc. (a)
    
7,164
      
1,722,799
  
Maximus, Inc.
    
6,592
      
622,548
  
Middleby Corp. (a)
    
5,424
      
798,250
  
MSA Safety, Inc.
    
4,305
      
762,631
  
MSC Industrial Direct Co., Inc. - Class A
    
5,354
      
451,556
  
Mueller Industries, Inc.
    
12,964
      
1,764,919
  
Nextpower, Inc. - Class A (a)
    
17,340
      
2,030,341
  
nVent Electric PLC
    
18,850
      
2,116,101
  
Oshkosh Corp.
    
7,394
      
1,063,405
  
Owens Corning (b)
    
9,478
      
1,135,844
  
Parsons Corp. (a)(b)
    
6,226
      
436,194
  
Paylocity Holding Corp. (a)
    
5,156
      
695,957
  
RB Global, Inc. (b)
    
21,694
      
2,463,788
  
RBC Bearings, Inc. (a)
    
3,685
      
1,841,284
  
Regal Rexnord Corp.
    
7,756
      
1,252,594
  
Ryder System, Inc.
    
4,721
      
903,033
  
Saia, Inc. (a)
    
3,126
      
1,046,804
  
Science Applications International Corp. (b)
    
5,384
      
547,876
  
Sensata Technologies Holding PLC
    
17,016
      
588,583
  
Simpson Manufacturing Co., Inc.
    
4,844
      
856,322
  
SPX Technologies, Inc. (a)
    
5,749
      
1,198,149
  
StandardAero, Inc. (a)
    
16,206
      
500,603
  
Sterling Infrastructure, Inc. (a)
    
3,595
      
1,286,686
  
Terex Corp.
    
7,672
      
437,304
  
Tetra Tech, Inc.
    
30,530
      
1,149,760
  
Timken Co.
    
7,404
      
689,979
  
Toro Co.
    
11,440
      
1,046,760
  
TransUnion
    
22,689
      
1,792,885
  
Trex Co., Inc. (a)(b)
    
12,530
      
518,993
  
UFP Industries, Inc.
    
6,810
      
703,337
  
UL Solutions, Inc.
    
8,634
      
606,366
  
Valmont Industries, Inc.
    
2,308
      
1,028,352
  
Watsco, Inc. (b)
    
4,089
      
1,580,194
  
Watts Water Technologies, Inc. - Class A (b)
    
3,207
      
959,887
  
WESCO International, Inc.
    
5,685
      
1,645,410
  
Woodward, Inc.
    
7,009
      
2,227,741
  
XPO Logistics, Inc. (a)
    
13,720
      
2,032,069
  
             
95,836,880
  
                 
Information Technology - 13.9%
          
Allegro MicroSystems, Inc. (a)
    
14,486
      
534,678
  
Amkor Technology, Inc.
    
13,288
      
642,209
  
Appfolio, Inc. - Class A (a)
    
2,700
      
512,676
  
Arrow Electronics, Inc. (a)
    
6,028
      
798,650
  
ASGN, Inc. (a)
    
4,997
      
260,294
  
Avnet, Inc.
    
9,508
      
593,204
  
Belden, Inc.
    
4,599
      
540,429
  
Bentley Systems, Inc. - Class B (b)
    
17,397
      
610,983
  
BILL Holdings, Inc. (a)
    
10,414
      
449,572
  
Blackbaud, Inc. (a)
    
4,294
      
230,588
  
Ciena Corp. (a)
    
16,289
      
4,101,733
  
Cirrus Logic, Inc. (a)
    
5,968
      
777,869
  
Cognex Corp.
    
19,582
      
758,607
  
Coherent Corp. (a)
    
18,365
      
3,896,686
  
Commvault Systems, Inc. (a)
    
5,156
      
441,869
  
Crane NXT Co. (b)
    
5,770
      
291,500
  
Docusign, Inc. (a)
    
23,492
      
1,234,270
  
Dolby Laboratories, Inc. - Class A
    
7,152
      
459,087
  
Dropbox, Inc. - Class A (a)
    
20,013
      
509,931
  
Dynatrace, Inc. (a)
    
35,212
      
1,341,225
  
Entegris, Inc.
    
17,713
      
2,091,374
  
Fabrinet (a)
    
4,189
      
2,050,264
  
Flex Ltd. (a)
    
42,935
      
2,706,622
  
Guidewire Software, Inc. (a)
    
9,935
      
1,398,451
  
IPG Photonics Corp. (a)(b)
    
2,952
      
272,794
  
Kyndryl Holdings, Inc. (a)
    
26,702
      
614,146
  
Lattice Semiconductor Corp. (a)
    
15,976
      
1,286,388
  
Littelfuse, Inc.
    
2,918
      
944,732
  
Lumentum Holdings, Inc. (a)
    
8,234
      
3,226,411
  
MACOM Technology Solutions Holdings, Inc. (a)
    
7,490
      
1,640,759
  
Manhattan Associates, Inc. (a)(b)
    
7,048
      
1,064,318
  
MKS, Inc.
    
7,850
      
1,847,969
  
Novanta, Inc. (a)(b)
    
4,180
      
562,377
  
Nutanix, Inc. - Class A (a)
    
31,629
      
1,243,969
  
Okta, Inc. (a)
    
19,675
      
1,662,144
  
Onto Innovation, Inc. (a)
    
5,728
      
1,157,342
  
Pegasystems, Inc.
    
10,712
      
468,007
  
Pure Storage, Inc. (a)
    
36,460
      
2,535,428
  
Qualys, Inc. (a)
    
4,190
      
552,661
  
Rambus, Inc. (a)
    
12,580
      
1,431,981
  
Silicon Laboratories, Inc. (a)
    
3,844
      
547,578
  
Synaptics, Inc. (a)
    
4,564
      
376,576
  
TD Synnex Corp.
    
8,742
      
1,387,093
  
Twilio, Inc. - Class A (a)
    
17,596
      
2,119,614
  
UiPath, Inc. - Class A (a)(b)
    
48,684
      
612,932
  
Universal Display Corp.
    
5,176
      
594,308
  
Vontier Corp.
    
16,946
      
635,475
  
             
54,017,773
  
                 
Materials - 5.6%
          
Alcoa Corp.
    
30,252
      
1,718,616
  
AptarGroup, Inc.
    
7,667
      
957,992
  
Ashland, Inc.
    
5,344
      
326,839
  
Avient Corp.
    
10,702
      
386,877
  
Axalta Coating Systems Ltd. (a)
    
24,918
      
836,746
  
Cabot Corp.
    
6,226
      
449,455
  
Cleveland-Cliffs, Inc. (a)
    
66,529
      
915,439
  
Commercial Metals Co.
    
12,960
      
996,235
  
Crown Holdings, Inc.
    
13,153
      
1,376,856
  
Eagle Materials, Inc.
    
3,750
      
764,288
  
Graphic Packaging Holding Co. (b)
    
34,472
      
505,015
  
Greif, Inc. - Class A
    
3,062
      
216,238
  
Hecla Mining Co.
    
77,340
      
1,741,697
  
Knife River Corp. (a)(b)
    
6,622
      
444,800
  
Louisiana-Pacific Corp.
    
7,404
      
620,011
  
MP Materials Corp. (a)(b)
    
15,738
      
924,922
  
NewMarket Corp.
    
922
      
618,468
  
Olin Corp.
    
13,332
      
277,439
  
Reliance, Inc.
    
6,107
      
2,012,257
  
Royal Gold, Inc.
    
9,468
      
2,493,019
  
RPM International, Inc.
    
14,979
      
1,602,154
  
Scotts Miracle-Gro Co.
    
5,206
      
334,329
  
Silgan Holdings, Inc.
    
10,246
      
442,115
  
Sonoco Products Co. (b)
    
11,524
      
553,152
  
Westlake Chemical Corp.
    
3,898
      
309,189
  
             
21,824,148
  
                 
Real Estate - 0.5%
          
Jones Lang LaSalle, Inc. (a)
    
5,522
      
1,976,379
  
                 
Utilities - 3.3%
          
Black Hills Corp.
    
8,660
      
632,007
  
Essential Utilities, Inc.
    
33,054
      
1,282,165
  
IDACORP, Inc. (b)
    
6,320
      
839,233
  
National Fuel Gas Co. (b)
    
10,564
      
884,735
  
New Jersey Resources Corp.
    
11,732
      
580,499
  
Northwestern Energy Group, Inc.
    
7,181
      
487,303
  
OGE Energy Corp.
    
23,534
      
1,027,965
  
ONE Gas, Inc.
    
7,018
      
558,352
  
Ormat Technologies, Inc. (b)
    
7,106
      
887,824
  
Portland General Electric Co.
    
13,076
      
657,069
  
Southwest Gas Holdings, Inc.
    
7,514
      
622,309
  
Spire, Inc.
    
6,897
      
582,727
  
Talen Energy Corp. (a)
    
5,340
      
1,860,242
  
TXNM Energy, Inc.
    
11,251
      
662,909
  
UGI Corp. (b)
    
25,098
      
1,006,681
  
             
12,572,020
  
TOTAL COMMON STOCKS (Cost $337,282,136)
      
362,788,701
  
                 
REAL ESTATE INVESTMENT TRUSTS - 6.5%
  
Shares
    
Value
 
Financials - 0.7%
          
Annaly Capital Management, Inc.
    
79,310
      
1,824,923
  
Starwood Property Trust, Inc.
    
40,660
      
729,034
  
             
2,553,957
  
                 
Real Estate - 5.8%
          
Agree Realty Corp.
    
13,237
      
956,108
  
American Homes 4 Rent - Class A
    
38,077
      
1,192,572
  
Brixmor Property Group, Inc.
    
35,750
      
957,742
  
COPT Defense Properties
    
13,198
      
406,630
  
Cousins Properties, Inc.
    
19,622
      
495,259
  
CubeSmart
    
26,638
      
999,724
  
EastGroup Properties, Inc.
    
6,233
      
1,132,162
  
EPR Properties
    
8,900
      
482,736
  
Equity LifeStyle Properties, Inc.
    
22,645
      
1,430,485
  
First Industrial Realty Trust, Inc.
    
15,466
      
897,492
  
Gaming and Leisure Properties, Inc.
    
33,052
      
1,479,077
  
Healthcare Realty Trust, Inc.
    
41,064
      
689,465
  
Independence Realty Trust, Inc.
    
27,824
      
464,661
  
Kilroy Realty Corp. (b)
    
12,718
      
438,517
  
Kite Realty Group Trust
    
25,290
      
594,062
  
Lamar Advertising Co. - Class A (b)
    
10,149
      
1,302,218
  
National Storage Affiliates Trust
    
8,276
      
263,260
  
NNN REIT, Inc.
    
22,182
      
924,324
  
Omega Healthcare Investors, Inc.
    
34,517
      
1,514,606
  
Park Hotels & Resorts, Inc.
    
23,356
      
255,281
  
PotlatchDeltic Corp.
    
8,316
      
347,027
  
Rayonier, Inc. (b)
    
17,794
      
404,635
  
Rexford Industrial Realty, Inc.
    
26,807
      
1,086,488
  
Sabra Health Care REIT, Inc.
    
28,608
      
535,828
  
STAG Industrial, Inc.
    
21,810
      
818,093
  
Vornado Realty Trust
    
18,840
      
600,619
  
WP Carey, Inc.
    
25,594
      
1,785,181
  
             
22,454,252
  
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $24,705,891)
      
25,008,209
  
                 
SHORT-TERM INVESTMENTS
  
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 10.2%
  
Units
    
Value
 
Mount Vernon Liquid Assets Portfolio, LLC, 3.77% (c)
    
39,710,152
      
39,710,152
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $39,710,152)
      
39,710,152
  
                 
TOTAL INVESTMENTS - 110.2% (Cost $401,698,179)
      
427,507,062
  
Liabilities in Excess of Other Assets - (10.2)%
      
(39,547,098
)
TOTAL NET ASSETS - 100.0%
          
$
387,959,964
  
                 
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 January 31, 2026. The fair value of these securities was $38,514,972.
(c)
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 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 January 31, 2026:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
362,788,701
    
$
–
    
$
–
    
$
362,788,701
  
  Real Estate Investment Trusts
    
25,008,209
      
–
      
–
      
25,008,209
  
  Investments Purchased with Proceeds from Securities Lending(a)
    
–
      
–
      
–
      
39,710,152
  
Total Investments
  
$
387,796,910
    
$
–
    
$
–
    
$
427,507,062
  
   
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 $39,710,152 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.