Pacer Salt High truBetaTM US Market ETF
Schedule of Investments
January 31, 2022 (Unaudited)
	Shares		Value
COMMON STOCKS - 99.0%
Advertising - 0.8%
The Trade Desk, Inc. - Class A (a)		452	$	31,432
Agriculture - 1.1%
Darling Ingredients, Inc. (a)		672		42,853
Airlines - 4.5%
Alaska Air Group, Inc. (a)		822		44,997
American Airlines Group, Inc. (a)		2,357		38,820
Delta Air Lines, Inc. (a)		1,112		44,135
United Airlines Holdings, Inc. (a)		965		41,379
				169,331
Apparel - 2.0%
Capri Holdings Ltd. (a)		648		38,925
Tapestry, Inc.		983		37,305
				76,230
Auto Manufacturers - 3.1%
Ford Motor Co.		1,980		40,194
General Motors Co. (a)		672		35,434
Tesla Motors, Inc. (a)		43		40,279
				115,907
Building Materials - 1.0%
Builders FirstSource, Inc. (a)		534		36,307
Chemicals - 1.0%
Olin Corp.		736		37,293
Commercial Services - 3.1%
Affirm Holdings, Inc. (a)		371		23,770
Block, Inc. (a)		235		28,738
Marathon Digital Holdings, Inc. (a)		1,077		25,353
PayPal Holdings, Inc. (a)		226		38,858
				116,719
Computers - 1.0%
Crowdstrike Holdings, Inc. - Class A (a)		215		38,838
Diversified Financial Services - 7.2%
Apollo Global Management, Inc.		610		42,700
Coinbase Global, Inc. - Class A (a)		167		31,755
Discover Financial Services		364		42,133
Franklin Resources, Inc.		1,248		39,899
Invesco Ltd.		1,837		41,626
SoFi Technologies, Inc. (a)		2,867		35,780
Synchrony Financial		888		37,820
				271,713
Energy-Alternate Sources - 2.2%
Enphase Energy, Inc. (a)		198		27,813
Plug Power, Inc. (a)		1,278		27,950
Sunrun, Inc. (a)		1,004		26,034
				81,797
Entertainment - 4.6%
AMC Entertainment Holdings, Inc. (a)		1,548		24,861
Caesars Entertainment, Inc. (a)		477		36,319
DraftKings, Inc. - Class A (a)		1,396		30,837
Live Nation Entertainment, Inc. (a)		380		41,614
Penn National Gaming, Inc. (a)		880		40,137
				173,768
Food - 1.1%
Beyond Meat, Inc. (a)		659		42,921
Healthcare-Products - 1.7%
Exact Sciences Corp. (a)		536		40,929
Pacific Biosciences of California, Inc. (a)		2,033		22,729
				63,658
Healthcare-Services - 1.7%
Invitae Corp. (a)		2,652		29,808
Teladoc Health, Inc. (a)		452		34,673
				64,481
Home Furnishings - 1.0%
Tempur Sealy International, Inc.		948		37,740
Insurance - 1.2%
Lincoln National Corp.		630		44,087
Internet - 8.8%
Airbnb, Inc. - Class A (a)		236		36,337
Anaplan, Inc. (a)		928		44,804
Etsy, Inc. (a)		189		29,688
Lyft, Inc. - Class A (a)		1,075		41,409
Meta Platforms, Inc. - Class A (a)		129		40,411
Pinterest, Inc. - Class A (a)		1,140		33,698
Roku, Inc. (a)		186		30,513
Uber Technologies, Inc. (a)		1,160		43,384
Upwork, Inc. (a)		1,248		33,946
				334,190
Iron/Steel - 4.0%
Cleveland-Cliffs, Inc. (a)		2,096		35,926
Nucor Corp.		376		38,126
Steel Dynamics, Inc.		708		39,308
United States Steel Corp.		1,868		38,705
				152,065
Leisure Time - 2.3%
Carnival Corp. (a)		2,202		43,622
Royal Caribbean Cruises Ltd. (a)		563		43,807
				87,429
Lodging - 4.5%
Hilton Worldwide Holdings, Inc. (a)		292		42,372
Marriott International, Inc. (a)		264		42,536
MGM Resorts International		1,025		43,788
Wynn Resorts Ltd. (a)		492		42,041
				170,737
Media - 1.1%
DISH Network Corp. - Class A (a)		1,324		41,574
Mining - 1.1%
Freeport-McMoRan, Inc.		1,107		41,202
Oil&Gas - 7.4%
Antero Resources Corp. (a)		2,439		47,634
Devon Energy Corp.		978		49,457
Diamondback Energy, Inc.		383		48,319
Occidental Petroleum Corp.		1,380		51,985
Southwestern Energy Co. (a)		7,729		34,008
Valero Energy Corp.		600		49,782
				281,185
Oil&Gas Services - 2.9%
Halliburton Co.		1,776		54,594
Schlumberger Ltd.		1,370		53,526
				108,120
Pipelines - 1.3%
Targa Resources Corp.		815		48,150
Private Equity - 3.2%
Blackstone, Inc.		318		41,967
KKR & Co, Inc.		564		40,134
The Carlyle Group, Inc.		784		40,023
				122,124
Retail - 3.9%
Bath & Body Works, Inc. (a)		556		31,175
Carvana Co. (a)		157		25,444
Dick's Sporting Goods, Inc.		373		43,044
Kohl's Corp.		820		48,962
				148,625
Semiconductors - 7.6%
Advanced Micro Devices, Inc. (a)		307		35,075
Applied Materials, Inc.		279		38,552
Entegris, Inc.		289		34,634
Marvell Technology, Inc.		477		34,058
NVIDIA Corp.		141		34,525
ON Semiconductor Corp. (a)		652		38,468
Wolfspeed, Inc. (a)		369		34,774
Xilinx, Inc.		196		37,936
				288,022
Software - 11.6%
Asana, Inc. - Class A (a)		625		32,800
Bill.com Holdings, Inc. (a)		168		31,619
Cloudflare, Inc. - Class A (a)		303		29,209
Coupa Software, Inc. (a)		273		36,656
Datadog, Inc. - Class A (a)		244		35,651
Dynatrace, Inc. (a)		688		37,744
Fastly, Inc. - Class A (a)		1,050		30,093
Nutanix, Inc. (a)		1,293		35,350
Smartsheet, Inc. (a)		600		37,332
Snowflake, Inc. (a)		116		32,004
Twilio, Inc. - Class A (a)		161		33,185
Unity Software, Inc. (a)		305		32,071
ZoomInfo Technologies, Inc. (a)		667		35,258
				438,972
Transportation - 1.0%
XPO Logistics, Inc. (a)		562		37,188
TOTAL COMMON STOCKS (Cost $3,994,133)				3,744,658
REAL ESTATE INVESTMENT TRUSTS - 1.1%
Simon Property Group, Inc.		280		41,216
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $36,784)				41,216
	Principal Amount
SHORT-TERM INVESTMENTS - 0.0% (c)
Money Market Deposit Accounts - 0.0% (c)
U.S. Bank Money Market Deposit Account, 0.003% (b)	$	1,426		1,426
TOTAL SHORT-TERM INVESTMENTS (Cost $1,426)				1,426
Total Investments (Cost $4,032,343) - 100.1%				3,787,300
Liabilities in Excess of Other Assets - (0.1)%				(4,661	)
TOTAL NET ASSETS - 100.0%			$	3,782,639

Percentages are stated as a percent of net assets.
(a)	Non-income producing security.
(b)	The rate shown is as of January 31, 2022.
(c)	Less than 0.05%.

For Fund compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition does not apply for all purposes of this report, which may combine sub-classifications for reporting ease.

Summary of Fair Value Disclosure at January 31, 2022 (Unaudited)

The following is a summary of significant accounting policies consistently followed by the Funds in the preparation of their financial statements. The financial statements have been prepared in conformity with accounting principals generally accepted in the United States of America (“GAAP”). The Funds are investment companies that follow the accounting and reporting guidelines of Accounting Standards Codification Topic 946 applicable to investment companies.

Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded, except for securities listed on Nasdaq Global Market (“Nasdaq”). If, on a particular day, there is no such reported sale, then the most recent quoted bid price will be used. For securities traded on Nasdaq, the Nasdaq Official Closing Price (“NOCP”) will be used. If a Fund holds foreign shares of a security for which there is no reported volume, and there is an actively trading local version of the security, the last quoted sale price of the local security shall be used. Prices denominated in foreign currencies are converted to U.S. dollar equivalents at the current exchange rate.

Investments in other open-end investment companies, including money market funds, are valued at the investment company’s net asset value per share, with the exception of exchange-traded open-end investment companies, which are priced as equity securities described above.

Fixed-income securities are normally valued on the basis of quotes obtained from independent pricing services in accordance with procedures adopted by the Board of Trustees. The independent pricing services may employ methodologies that utilize market transactions (if the security is actively traded), broker-dealer supplied valuations, or matrix pricing. Short-term securities that have maturities of less than 60 days, at the time of purchase, are valued at amortized cost, which, when combined with accrued interest, approximates market value.

Foreign currency forward contracts are valued at the current day’s interpolated foreign exchange rate, as calculated using the current day’s spot rate, and the twenty, sixty, ninety, and one-hundred eighty day forward rates provided by an independent source.

Futures contracts are valued at the Settlement Price on the exchange on which they are principally traded.

Options on securities that are listed on an exchange shall be valued at the sale price on such exchange (or any other exchange on which such options are listed) having the trade closest to the close of the New York Stock Exchange (“NYSE”) on the day of valuation or, if there was no sale on any of the applicable options exchanges on such day, at the mean between the highest bid and lowest ask price on any of such exchanges on such day closest to the close of the NYSE on such day. On the last trading day prior to expiration, expiring options may be priced at intrinsic value.

Units of Mount Vernon Liquid Assets Portfolio are not traded on an exchange and are valued at the investment company’s NAV per share as provided by its administrator.

Deposit accounts are valued at acquisition cost, which approximates fair value.

Any securities for which there are no readily available market quotations and other assets will be valued at their fair value as determined in good faith by the Fair Value Pricing Committee using the Fair Value Procedures approved by the Board of Trustees.

As described above, the Funds utilize various methods to measure the fair value of their investments on a recurring basis. GAAP establishes a hierarchy that prioritizes inputs to valuations methods. The three levels of inputs are:

Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have 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 Funds’ own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

The following is a summary of the inputs used to value the Fund's investments as of January 31, 2022:

Description^	Level 1	Level 2	Level 3	Investments Measured at Net Asset Value	Total
Common Stocks	$   3,744,658	$         -	$              -	$                      -	$   3,744,658
Real Estate Investment Trusts	41,216	-	-	-	41,216
Short-Term Investments	1,426		-	-	1,426
Total Investments in Securities	$   3,787,300	$         -	$              -	$                      -	$   3,787,300
^ See the Schedules of Investments for industry breakouts.
For the period ended January 31, 2022, the Fund did not recognize any transfers to or from Level 3.