NPORT-EX 2 trpl.htm PART F

Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF
            
Schedule of Investments
            
January 31, 2022 (Unaudited)
            
   
Shares
    
Value
  
COMMON STOCKS - 88.7%
            
Advertising - 0.1%
            
Omnicom Group, Inc.
    
10
    
$
754
  
The Interpublic Group of Cos., Inc.
    
19
      
675
  
             
1,429
  
Aerospace/Defense - 1.3%
                
General Dynamics Corp.
    
11
      
2,333
  
Howmet Aerospace, Inc.
    
19
      
591
  
L3Harris Technologies, Inc.
    
10
      
2,093
  
Lockheed Martin Corp.
    
12
      
4,669
  
Northrop Grumman Corp.
    
7
      
2,589
  
Raytheon Technologies Corp.
    
73
      
6,584
  
Teledyne Technologies, Inc. (a)
    
2
      
843
  
The Boeing Co. (a)
    
27
      
5,406
  
TransDigm Group, Inc. (a)
    
3
      
1,849
  
             
26,957
  
Agriculture - 0.7%
                
Altria Group, Inc.
    
90
      
4,579
  
Archer-Daniels-Midland Co.
    
27
      
2,025
  
Philip Morris International, Inc.
    
76
      
7,817
  
             
14,421
  
Airlines - 0.2%
                
Alaska Air Group, Inc. (a)
    
6
      
329
  
American Airlines Group, Inc. (a)
    
32
      
527
  
Delta Air Lines, Inc. (a)
    
31
      
1,230
  
Southwest Airlines Co. (a)
    
29
      
1,298
  
United Airlines Holdings, Inc. (a)
    
16
      
686
  
             
4,070
  
Apparel - 0.6%
                
NIKE, Inc. - Class B
    
62
      
9,180
  
PVH Corp.
    
3
      
285
  
Ralph Lauren Corp.
    
2
      
222
  
Tapestry, Inc.
    
13
      
493
  
Under Armour, Inc. - Class C (a)
    
11
      
176
  
Under Armour, Inc. - Class A (a)
    
9
      
170
  
VF Corp.
    
16
      
1,043
  
             
11,569
  
Auto Manufacturers - 2.3%
                
Cummins, Inc.
    
7
      
1,546
  
Ford Motor Co.
    
192
      
3,897
  
General Motors Co. (a)
    
71
      
3,744
  
PACCAR, Inc.
    
17
      
1,581
  
Tesla Motors, Inc. (a)
    
40
      
37,469
  
             
48,237
  
Auto Parts & Equipment - 0.1%
                
Aptiv PLC (a)
    
13
      
1,776
  
BorgWarner, Inc.
    
12
      
526
  
             
2,302
  
Banks - 4.7%
                
Bank of America Corp.
    
352
      
16,241
  
Citigroup, Inc.
    
97
      
6,317
  
Citizens Financial Group, Inc.
    
21
      
1,081
  
Comerica, Inc.
    
6
      
557
  
Fifth Third Bancorp
    
33
      
1,473
  
First Republic Bank
    
9
      
1,562
  
Huntington Bancshares, Inc.
    
71
      
1,069
  
JPMorgan Chase & Co.
    
144
      
21,398
  
KeyCorp.
    
45
      
1,128
  
M&T Bank Corp.
    
6
      
1,016
  
Morgan Stanley
    
70
      
7,178
  
Northern Trust Corp.
    
10
      
1,166
  
Regions Financial Corp.
    
47
      
1,078
  
Signature Bank
    
3
      
914
  
State Street Corp.
    
18
      
1,701
  
SVB Financial Group (a)
    
3
      
1,752
  
The Bank of New York Mellon Corp.
    
37
      
2,193
  
The Goldman Sachs Group, Inc.
    
17
      
6,029
  
The PNC Financial Services Group, Inc.
    
21
      
4,326
  
Truist Financial Corp.
    
65
      
4,083
  
US Bancorp
    
66
      
3,840
  
Wells Fargo & Co.
    
195
      
10,491
  
Zions Bancorp
    
8
      
543
  
             
97,136
  
Beverages - 1.4%
                
Brown-Forman Corp. - Class B
    
9
      
607
  
Constellation Brands, Inc. - Class A
    
8
      
1,902
  
Molson Coors Brewing Co. - Class B
    
9
      
429
  
Monster Beverage Corp. (a)
    
18
      
1,561
  
PepsiCo, Inc.
    
68
      
11,799
  
The Coca-Cola Co.
    
190
      
11,592
  
             
27,890
  
Biotechnology - 1.3%
                
Amgen, Inc.
    
28
      
6,360
  
Biogen, Inc. (a)
    
7
      
1,582
  
Bio-Rad Laboratories, Inc. - Class A (a)
    
1
      
600
  
Corteva, Inc.
    
36
      
1,731
  
Gilead Sciences, Inc.
    
61
      
4,189
  
Illumina, Inc. (a)
    
8
      
2,790
  
Incyte Corp. (a)
    
9
      
669
  
Moderna, Inc. (a)
    
17
      
2,879
  
Regeneron Pharmaceuticals, Inc. (a)
    
5
      
3,043
  
Vertex Pharmaceuticals, Inc. (a)
    
12
      
2,917
  
             
26,760
  
Building Materials - 0.4%
                
Carrier Global Corp.
    
42
      
2,003
  
Fortune Brands Home & Security, Inc.
    
7
      
659
  
Johnson Controls International PLC
    
35
      
2,543
  
Martin Marietta Materials, Inc.
    
3
      
1,167
  
Masco Corp.
    
12
      
760
  
Vulcan Materials Co.
    
6
      
1,142
  
             
8,274
  
Chemicals - 1.5%
                
Air Products & Chemicals, Inc.
    
11
      
3,103
  
Albemarle Corp.
    
6
      
1,325
  
Celanese Corp.
    
5
      
779
  
CF Industries Holdings, Inc.
    
10
      
689
  
Dow, Inc.
    
36
      
2,150
  
DuPont de Nemours, Inc.
    
25
      
1,915
  
Eastman Chemical Co.
    
7
      
833
  
Ecolab, Inc.
    
12
      
2,273
  
FMC Corp.
    
6
      
662
  
International Flavors & Fragrances, Inc.
    
12
      
1,583
  
Linde PLC
    
25
      
7,967
  
LyondellBasell Industries NV
    
13
      
1,258
  
Mosaic Co.
    
18
      
719
  
PPG Industries, Inc.
    
12
      
1,874
  
The Sherwin-Williams Co.
    
12
      
3,438
  
             
30,568
  
Commercial Services - 1.8%
                
Automatic Data Processing, Inc.
    
21
      
4,330
  
Cintas Corp.
    
4
      
1,566
  
Equifax, Inc.
    
6
      
1,439
  
FleetCor Technologies, Inc. (a)
    
4
      
953
  
Gartner, Inc. (a)
    
4
      
1,176
  
Global Payments, Inc.
    
14
      
2,098
  
IHS Markit Ltd.
    
19
      
2,219
  
MarketAxess Holdings, Inc.
    
2
      
689
  
Moody's Corp.
    
8
      
2,744
  
Nielsen Holdings PLC
    
18
      
339
  
PayPal Holdings, Inc. (a)
    
57
      
9,801
  
Quanta Services, Inc.
    
7
      
719
  
Robert Half International, Inc.
    
5
      
566
  
Rollins, Inc.
    
11
      
339
  
S&P Global, Inc.
    
12
      
4,983
  
United Rentals, Inc. (a)
    
4
      
1,280
  
Verisk Analytics, Inc.
    
8
      
1,569
  
             
36,810
  
Computers - 7.9%
                
Accenture PLC - Class A
    
31
      
10,961
  
Apple, Inc.
    
761
      
133,008
  
Cognizant Technology Solutions Corp.
    
26
      
2,221
  
DXC Technology Co. (a)
    
12
      
361
  
EPAM Systems, Inc. (a)
    
3
      
1,428
  
Fortinet, Inc. (a)
    
7
      
2,081
  
Hewlett Packard Enterprise Co.
    
64
      
1,045
  
HP, Inc.
    
56
      
2,057
  
International Business Machines Corp.
    
44
      
5,877
  
Leidos Holdings, Inc.
    
7
      
626
  
NetApp, Inc.
    
11
      
952
  
Seagate Technology Holdings PLC
    
10
      
1,071
  
Western Digital Corp. (a)
    
15
      
776
  
             
162,464
  
Cosmetics/Personal Care - 1.3%
                
Colgate-Palmolive Co.
    
41
      
3,380
  
The Estee Lauder Cos., Inc.
    
11
      
3,430
  
The Procter & Gamble Co.
    
118
      
18,933
  
             
25,743
  
Distribution/Wholesale - 0.3%
                
Copart, Inc. (a)
    
10
      
1,292
  
Fastenal Co.
    
28
      
1,587
  
LKQ Corp.
    
13
      
714
  
Pool Corp.
    
2
      
953
  
W.W. Grainger, Inc.
    
2
      
990
  
             
5,536
  
Diversified Financial Services - 3.5%
                
American Express Co.
    
31
      
5,574
  
Ameriprise Financial, Inc.
    
5
      
1,522
  
BlackRock, Inc.
    
7
      
5,761
  
Capital One Financial Corp.
    
21
      
3,081
  
Cboe Global Markets, Inc.
    
5
      
593
  
CME Group, Inc.
    
18
      
4,131
  
Discover Financial Services
    
14
      
1,620
  
Franklin Resources, Inc.
    
14
      
448
  
Intercontinental Exchange, Inc.
    
28
      
3,546
  
Invesco Ltd.
    
17
      
385
  
MasterCard, Inc. - Class A
    
42
      
16,228
  
Nasdaq, Inc.
    
6
      
1,075
  
Raymond James Financial, Inc.
    
9
      
953
  
Synchrony Financial
    
27
      
1,150
  
T Rowe Price Group, Inc.
    
11
      
1,699
  
The Charles Schwab Corp.
    
73
      
6,402
  
Visa, Inc. - Class A
    
82
      
18,546
  
             
72,714
  
Electric - 2.2%
                
Alliant Energy Corp.
    
12
      
718
  
Ameren Corp.
    
13
      
1,154
  
American Electric Power Co., Inc.
    
25
      
2,260
  
CenterPoint Energy, Inc.
    
31
      
879
  
CMS Energy Corp.
    
14
      
901
  
Consolidated Edison, Inc.
    
17
      
1,470
  
Dominion Energy, Inc.
    
40
      
3,226
  
DTE Energy Co.
    
9
      
1,084
  
Duke Energy Corp.
    
38
      
3,992
  
Edison International
    
19
      
1,193
  
Entergy Corp.
    
10
      
1,118
  
Evergy, Inc.
    
11
      
715
  
Eversource Energy
    
17
      
1,521
  
Exelon Corp.
    
48
      
2,782
  
FirstEnergy Corp.
    
27
      
1,133
  
NextEra Energy, Inc.
    
96
      
7,499
  
NRG Energy, Inc.
    
12
      
479
  
Pinnacle West Capital Corp.
    
6
      
418
  
PPL Corp.
    
37
      
1,098
  
Public Service Enterprise Group, Inc.
    
25
      
1,663
  
Sempra Energy
    
16
      
2,211
  
Southern Co.
    
52
      
3,613
  
The AES Corp.
    
33
      
732
  
WEC Energy Group, Inc.
    
15
      
1,456
  
Xcel Energy, Inc.
    
26
      
1,811
  
             
45,126
  
Electrical Components & Equipment - 0.2%
                
AMETEK, Inc.
    
11
      
1,504
  
Emerson Electric Co.
    
29
      
2,667
  
Generac Holdings, Inc. (a)
    
3
      
847
  
             
5,018
  
Electronics - 1.0%
                
Agilent Technologies, Inc.
    
15
      
2,090
  
Allegion PLC
    
4
      
491
  
Amphenol Corp.
    
29
      
2,308
  
Fortive Corp.
    
18
      
1,270
  
Garmin Ltd.
    
7
      
871
  
Honeywell International, Inc.
    
34
      
6,952
  
Keysight Technologies, Inc. (a)
    
9
      
1,519
  
Mettler-Toledo International, Inc. (a)
    
1
      
1,473
  
TE Connectivity Ltd.
    
16
      
2,288
  
Trimble, Inc. (a)
    
12
      
866
  
             
20,128
  
Energy-Alternate Sources - 0.1%
                
Enphase Energy, Inc. (a)
    
7
      
983
  
SolarEdge Technologies, Inc. (a)
    
3
      
715
  
             
1,698
  
Engineering & Construction - 0.0% (b)
                
Jacobs Engineering Group, Inc.
    
6
      
781
  
                 
Entertainment - 0.1%
                
Caesars Entertainment, Inc. (a)
    
10
      
761
  
Live Nation Entertainment, Inc. (a)
    
7
      
767
  
Penn National Gaming, Inc. (a)
    
8
      
365
  
             
1,893
  
Environmental Control - 0.2%
                
Pentair PLC
    
8
      
510
  
Republic Services, Inc.
    
10
      
1,277
  
Waste Management, Inc.
    
19
      
2,858
  
             
4,645
  
Food - 0.9%
                
Campbell Soup Co.
    
10
      
441
  
Conagra Brands, Inc.
    
23
      
800
  
General Mills, Inc.
    
30
      
2,060
  
Hormel Foods Corp.
    
14
      
665
  
Kellogg Co.
    
12
      
756
  
Lamb Weston Holdings, Inc.
    
7
      
449
  
McCormick & Co., Inc.
    
12
      
1,204
  
Mondelez International, Inc.
    
68
      
4,558
  
Sysco Corp.
    
25
      
1,954
  
The Hershey Co.
    
7
      
1,380
  
The JM Smucker Co.
    
5
      
703
  
The Kraft Heinz Co.
    
35
      
1,253
  
The Kroger Co.
    
33
      
1,438
  
Tyson Foods, Inc. - Class A
    
14
      
1,272
  
             
18,933
  
Forest Products & Paper - 0.0% (b)
                
International Paper Co.
    
19
      
917
  
                 
Gas - 0.1%
                
Atmos Energy Corp.
    
6
      
643
  
NiSource, Inc.
    
19
      
555
  
             
1,198
  
Hand/Machine Tools - 0.1%
                
Snap-On, Inc.
    
3
      
625
  
Stanley Black & Decker, Inc.
    
8
      
1,397
  
             
2,022
  
Healthcare-Products - 3.5%
                
Abbott Laboratories
    
86
      
10,961
  
ABIOMED, Inc. (a)
    
2
      
592
  
Align Technology, Inc. (a)
    
4
      
1,980
  
Baxter International, Inc.
    
24
      
2,051
  
Bio-Techne Corp.
    
2
      
753
  
Boston Scientific Corp. (a)
    
70
      
3,003
  
Danaher Corp.
    
31
      
8,859
  
DENTSPLY SIRONA, Inc.
    
11
      
588
  
Edwards Lifesciences Corp. (a)
    
30
      
3,276
  
Henry Schein, Inc. (a)
    
7
      
527
  
Hologic, Inc. (a)
    
12
      
843
  
IDEXX Laboratories, Inc. (a)
    
4
      
2,029
  
Intuitive Surgical, Inc. (a)
    
17
      
4,831
  
Medtronic PLC
    
66
      
6,830
  
PerkinElmer, Inc.
    
6
      
1,033
  
ResMed, Inc.
    
7
      
1,600
  
STERIS PLC
    
5
      
1,122
  
Stryker Corp.
    
16
      
3,969
  
Teleflex, Inc.
    
2
      
620
  
The Cooper Cos., Inc.
    
2
      
797
  
Thermo Fisher Scientific, Inc.
    
19
      
11,045
  
Waters Corp. (a)
    
3
      
960
  
West Pharmaceutical Services, Inc.
    
4
      
1,573
  
Zimmer Biomet Holdings, Inc.
    
10
      
1,230
  
             
71,072
  
Healthcare-Services - 2.0%
                
Anthem, Inc.
    
12
      
5,292
  
Catalent, Inc. (a)
    
8
      
831
  
Centene Corp. (a)
    
28
      
2,177
  
Charles River Laboratories International, Inc. (a)
    
2
      
660
  
DaVita, Inc. (a)
    
3
      
325
  
HCA Healthcare, Inc.
    
12
      
2,881
  
Humana, Inc.
    
6
      
2,355
  
IQVIA Holdings, Inc. (a)
    
9
      
2,204
  
Laboratory Corp. of American Holdings (a)
    
5
      
1,357
  
Quest Diagnostics, Inc.
    
6
      
810
  
UnitedHealth Group, Inc.
    
46
      
21,738
  
Universal Health Services, Inc. - Class B
    
4
      
520
  
             
41,150
  
Home Builders - 0.2%
                
DR Horton, Inc.
    
16
      
1,428
  
Lennar Corp. - Class A
    
13
      
1,249
  
PulteGroup, Inc.
    
12
      
632
  
             
3,309
  
Home Furnishings - 0.0% (b)
                
Whirlpool Corp.
    
3
      
631
  
                 
Household Products/Wares - 0.3%
                
Avery Dennison Corp.
    
4
      
822
  
Church & Dwight Co., Inc.
    
12
      
1,232
  
Kimberly-Clark Corp.
    
16
      
2,202
  
The Clorox Co.
    
6
      
1,007
  
             
5,263
  
Housewares - 0.0% (b)
                
Newell Brands, Inc.
    
18
      
418
  
                 
Insurance - 3.1%
                
Aflac, Inc.
    
30
      
1,885
  
American International Group, Inc.
    
41
      
2,368
  
Aon PLC
    
11
      
3,041
  
Arthur J Gallagher & Co.
    
10
      
1,579
  
Assurant, Inc.
    
3
      
457
  
Berkshire Hathaway, Inc. - Class B (a)
    
89
      
27,859
  
Brown & Brown, Inc.
    
11
      
729
  
Chubb Ltd.
    
21
      
4,143
  
Cincinnati Financial Corp.
    
7
      
825
  
Everest Re Group Ltd.
    
2
      
567
  
Globe Life, Inc.
    
5
      
511
  
Lincoln National Corp.
    
8
      
560
  
Loews Corp.
    
10
      
597
  
Marsh & McLennan Cos., Inc.
    
25
      
3,841
  
MetLife, Inc.
    
35
      
2,347
  
Principal Financial Group, Inc.
    
12
      
877
  
Prudential Financial, Inc.
    
18
      
2,008
  
The Allstate Corp.
    
14
      
1,689
  
The Hartford Financial Services Group, Inc.
    
17
      
1,222
  
The Progressive Corp.
    
29
      
3,151
  
The Travelers Cos., Inc.
    
12
      
1,994
  
W R Berkley Corp.
    
7
      
591
  
Willis Towers Watson PLC
    
6
      
1,404
  
             
64,245
  
Internet - 9.9%
                
Alphabet, Inc. - Class C (a)
    
14
      
37,996
  
Alphabet, Inc. - Class A (a)
    
15
      
40,591
  
Amazon.com, Inc. (a)
    
21
      
62,821
  
Booking Holdings, Inc. (a)
    
2
      
4,912
  
CDW Corp.
    
7
      
1,323
  
eBay, Inc.
    
31
      
1,862
  
Etsy, Inc. (a)
    
6
      
943
  
Expedia Group, Inc. (a)
    
7
      
1,283
  
F5, Inc. (a)
    
3
      
623
  
Match Group, Inc. (a)
    
14
      
1,578
  
Meta Platforms, Inc. - Class A (a)
    
116
      
36,338
  
Netflix, Inc. (a)
    
22
      
9,397
  
NortonLifeLock, Inc.
    
28
      
728
  
Twitter, Inc. (a)
    
39
      
1,463
  
VeriSign, Inc. (a)
    
5
      
1,086
  
             
202,944
  
Iron/Steel - 0.1%
                
Nucor Corp.
    
14
      
1,420
  
                 
Leisure Time - 0.1%
                
Carnival Corp. (a)
    
39
      
772
  
Norwegian Cruise Line Holdings Ltd.  (a)
    
18
      
375
  
Royal Caribbean Cruises Ltd.  (a)
    
11
      
856
  
             
2,003
  
Lodging - 0.3%
                
Hilton Worldwide Holdings, Inc. (a)
    
14
      
2,031
  
Las Vegas Sands Corp. (a)
    
17
      
745
  
Marriott International, Inc. (a)
    
13
      
2,095
  
MGM Resorts International
    
19
      
812
  
Wynn Resorts Ltd. (a)
    
5
      
427
  
             
6,110
  
Machinery-Construction & Mining - 0.3%
                
Caterpillar, Inc.
    
26
      
5,241
  
                 
Machinery-Diversified - 0.7%
                
Deere & Co.
    
14
      
5,270
  
Dover Corp.
    
7
      
1,190
  
IDEX Corp.
    
4
      
862
  
Ingersoll Rand, Inc.
    
20
      
1,124
  
Otis Worldwide Corp.
    
21
      
1,794
  
Rockwell Automation, Inc.
    
6
      
1,735
  
Westinghouse Air Brake Technologies Corp.
    
9
      
800
  
Xylem, Inc.
    
9
      
945
  
             
13,720
  
Media - 1.5%
                
Charter Communications, Inc. - Class A (a)
    
6
      
3,560
  
Comcast Corp. - Class A
    
223
      
11,148
  
Discovery, Inc. (a)
    
8
      
223
  
Discovery, Inc. - Class C (a)
    
15
      
410
  
DISH Network Corp. - Class A (a)
    
12
      
377
  
FactSet Research Systems, Inc.
    
2
      
844
  
Fox Corp. - Class A
    
16
      
650
  
Fox Corp. - Class B
    
7
      
260
  
News Corp. - Class B
    
6
      
133
  
News Corp. - Class A
    
19
      
423
  
The ViacomCBS, Inc. - Class B
    
30
      
1,004
  
Walt Disney Co. (a)
    
89
      
12,724
  
             
31,756
  
Mining - 0.2%
                
Freeport-McMoRan, Inc.
    
72
      
2,680
  
Newmont Goldcorp Corp.
    
39
      
2,385
  
             
5,065
  
Miscellaneous Manufacturing - 1.0%
                
3M Co.
    
28
      
4,648
  
A O Smith Corp.
    
7
      
535
  
Eaton Corp. PLC
    
19
      
3,010
  
General Electric Co.
    
54
      
5,102
  
Illinois Tool Works, Inc.
    
14
      
3,275
  
Parker-Hannifin Corp.
    
6
      
1,860
  
Textron, Inc.
    
11
      
749
  
Trane Technologies PLC
    
12
      
2,077
  
             
21,256
  
Office/Business Equipment - 0.1%
                
Zebra Technologies Corp. (a)
    
3
      
1,527
  
                 
Oil & Gas - 2.6%
                
APA Corp.
    
18
      
598
  
Chevron Corp.
    
94
      
12,345
  
ConocoPhillips
    
64
      
5,672
  
Coterra Energy, Inc.
    
40
      
876
  
Devon Energy Corp.
    
31
      
1,568
  
Diamondback Energy, Inc.
    
8
      
1,009
  
EOG Resources, Inc.
    
29
      
3,233
  
Exxon Mobil Corp.
    
207
      
15,724
  
Hess Corp.
    
13
      
1,200
  
Marathon Oil Corp.
    
38
      
740
  
Marathon Petroleum Corp.
    
30
      
2,152
  
Occidental Petroleum Corp.
    
43
      
1,620
  
Phillips 66
    
21
      
1,780
  
Pioneer Natural Resources Co.
    
11
      
2,408
  
Valero Energy Corp.
    
20
      
1,659
  
             
52,584
  
Oil & Gas Services - 0.2%
                
Baker Hughes Co.
    
43
      
1,180
  
Halliburton Co.
    
44
      
1,352
  
Schlumberger Ltd.
    
68
      
2,657
  
             
5,189
  
Packaging & Containers - 0.2%
                
Amcor PLC
    
75
      
901
  
Ball Corp.
    
16
      
1,554
  
Packaging Corp. of America
    
5
      
753
  
Sealed Air Corp.
    
7
      
475
  
Westrock Co.
    
13
      
600
  
             
4,283
  
Pharmaceuticals - 4.9%
                
AbbVie, Inc.
    
86
      
11,773
  
AmerisourceBergen Corp.
    
7
      
953
  
Becton Dickinson and Co.
    
14
      
3,558
  
Bristol-Myers Squibb Co.
    
108
      
7,008
  
Cardinal Health, Inc.
    
14
      
722
  
Cigna Corp.
    
16
      
3,687
  
CVS Health Corp.
    
64
      
6,817
  
DexCom, Inc. (a)
    
5
      
2,152
  
Eli Lilly & Co.
    
39
      
9,570
  
Johnson & Johnson
    
129
      
22,226
  
McKesson Corp.
    
7
      
1,797
  
Merck & Co., Inc.
    
123
      
10,022
  
Organon & Co.
    
12
      
383
  
Pfizer, Inc.
    
274
      
14,437
  
Viatris, Inc.
    
59
      
883
  
Zoetis, Inc.
    
23
      
4,595
  
             
100,583
  
Pipelines - 0.2%
                
Kinder Morgan, Inc.
    
95
      
1,649
  
ONEOK, Inc.
    
22
      
1,335
  
Williams Cos., Inc.
    
59
      
1,767
  
             
4,751
  
Real Estate - 0.1%
                
CBRE Group, Inc. (a)
    
16
      
1,621
  
                 
Retail - 4.7%
                
Advance Auto Parts, Inc.
    
3
      
695
  
AutoZone, Inc. (a)
    
1
      
1,986
  
Bath & Body Works, Inc. (a)
    
13
      
729
  
Best Buy Co., Inc.
    
11
      
1,092
  
CarMax, Inc. (a)
    
8
      
889
  
Chipotle Mexican Grill, Inc. (a)
    
1
      
1,486
  
Costco Wholesale Corp.
    
22
      
11,113
  
Darden Restaurants, Inc.
    
6
      
839
  
Dollar General Corp.
    
11
      
2,293
  
Dollar Tree, Inc. (a)
    
11
      
1,443
  
Domino's Pizza, Inc.
    
2
      
909
  
Genuine Parts Co.
    
7
      
933
  
Lowe's Cos., Inc.
    
34
      
8,070
  
McDonald's Corp.
    
36
      
9,340
  
O'Reilly Automotive, Inc. (a)
    
3
      
1,955
  
Ross Stores, Inc.
    
17
      
1,662
  
Starbucks Corp.
    
58
      
5,703
  
Target Corp.
    
24
      
5,290
  
The Gap, Inc.
    
10
      
181
  
The Home Depot, Inc.
    
52
      
19,083
  
The TJX Cos., Inc.
    
59
      
4,246
  
Tractor Supply Co.
    
6
      
1,310
  
Ulta Beauty, Inc. (a)
    
3
      
1,091
  
Walgreens Boots Alliance, Inc.
    
35
      
1,742
  
Walmart, Inc.
    
69
      
9,647
  
Yum! Brands, Inc.
    
14
      
1,752
  
             
95,479
  
Savings & Loans - 0.0% (b)
                
People's United Financial, Inc.
    
21
      
407
  
                 
Semiconductors - 5.3%
                
Advanced Micro Devices, Inc. (a)
    
59
      
6,741
  
Analog Devices, Inc.
    
26
      
4,263
  
Applied Materials, Inc.
    
44
      
6,080
  
Broadcom, Inc.
    
20
      
11,718
  
Intel Corp.
    
199
      
9,715
  
IPG Photonics Corp. (a)
    
2
      
309
  
KLA Corp.
    
7
      
2,725
  
Lam Research Corp.
    
7
      
4,129
  
Microchip Technology, Inc.
    
27
      
2,092
  
Micron Technology, Inc.
    
55
      
4,525
  
Monolithic Power Systems, Inc.
    
2
      
806
  
NVIDIA Corp.
    
122
      
29,873
  
NXP Semiconductors NV
    
13
      
2,671
  
Qorvo, Inc. (a)
    
5
      
686
  
QUALCOMM, Inc.
    
55
      
9,667
  
Skyworks Solutions, Inc.
    
8
      
1,172
  
Teradyne, Inc.
    
8
      
939
  
Texas Instruments, Inc.
    
45
      
8,077
  
Xilinx, Inc.
    
12
      
2,323
  
             
108,511
  
Shipbuilding - 0.0% (b)
                
Huntington Ingalls Industries, Inc.
    
2
      
374
  
                 
Software - 9.4%
                
Activision Blizzard, Inc.
    
38
      
3,002
  
Adobe, Inc. (a)
    
23
      
12,289
  
Akamai Technologies, Inc. (a)
    
8
      
916
  
ANSYS, Inc. (a)
    
4
      
1,360
  
Autodesk, Inc. (a)
    
11
      
2,748
  
Broadridge Financial Solutions, Inc.
    
6
      
955
  
Cadence Design System, Inc. (a)
    
14
      
2,130
  
Ceridian HCM Holding, Inc. (a)
    
7
      
531
  
Cerner Corp.
    
14
      
1,277
  
Citrix Systems, Inc.
    
6
      
612
  
Electronic Arts, Inc.
    
14
      
1,857
  
Fidelity National Information Services, Inc.
    
30
      
3,598
  
Fiserv, Inc. (a)
    
29
      
3,065
  
Intuit, Inc.
    
14
      
7,773
  
Jack Henry & Associates, Inc.
    
4
      
671
  
Microsoft Corp.
    
367
      
114,130
  
MSCI, Inc.
    
4
      
2,144
  
Oracle Corp.
    
79
      
6,412
  
Paychex, Inc.
    
16
      
1,884
  
Paycom Software, Inc. (a)
    
2
      
671
  
PTC, Inc. (a)
    
5
      
581
  
Roper Technologies, Inc.
    
5
      
2,186
  
salesforce.com, Inc. (a)
    
48
      
11,166
  
ServiceNow, Inc. (a)
    
10
      
5,858
  
Synopsys, Inc. (a)
    
7
      
2,173
  
Take-Two Interactive Software, Inc. (a)
    
6
      
980
  
Tyler Technologies, Inc. (a)
    
2
      
948
  
             
191,917
  
Telecommunications - 2.0%
                
Arista Networks, Inc. (a)
    
11
      
1,367
  
AT&T, Inc.
    
349
      
8,900
  
Cisco Systems, Inc.
    
206
      
11,468
  
Corning, Inc.
    
38
      
1,598
  
Juniper Networks, Inc.
    
16
      
557
  
Lumen Technologies, Inc.
    
45
      
556
  
Motorola Solutions, Inc.
    
8
      
1,856
  
T-Mobile US, Inc. (a)
    
29
      
3,137
  
Verizon Communications, Inc.
    
202
      
10,752
  
             
40,191
  
Textiles - 0.0% (b)
                
Mohawk Industries, Inc. (a)
    
3
      
474
  
                 
Toys/Games/Hobbies - 0.0% (b)
                
Hasbro, Inc.
    
6
      
555
  
                 
Transportation - 1.4%
                
CH Robinson Worldwide, Inc.
    
6
      
628
  
CSX Corp.
    
108
      
3,696
  
Expeditors International of Washington, Inc.
    
8
      
916
  
FedEx Corp.
    
12
      
2,950
  
JB Hunt Transport Services, Inc.
    
4
      
770
  
Norfolk Southern Corp.
    
12
      
3,264
  
Old Dominion Freight Line, Inc.
    
5
      
1,510
  
Union Pacific Corp.
    
31
      
7,581
  
United Parcel Service, Inc. - Class B
    
36
      
7,279
  
             
28,594
  
Water - 0.1%
                
American Water Works Co., Inc.
    
9
      
1,447
  
TOTAL COMMON STOCKS (Cost $1,849,920)
            
1,819,329
  
                 
REAL ESTATE INVESTMENT TRUSTS - 2.3%
                
Alexandria Real Estate Equities, Inc.
    
7
      
1,364
  
American Tower Corp.
    
22
      
5,533
  
AvalonBay Communities, Inc.
    
7
      
1,710
  
Boston Properties, Inc.
    
7
      
785
  
Crown Castle International Corp.
    
21
      
3,833
  
Digital Realty Trust, Inc.
    
14
      
2,089
  
Duke Realty Corp.
    
19
      
1,098
  
Equinix, Inc.
    
4
      
2,900
  
Equity Residential
    
17
      
1,508
  
Essex Property Trust, Inc.
    
3
      
997
  
Extra Space Storage, Inc.
    
7
      
1,387
  
Federal Realty Investment Trust
    
3
      
383
  
Healthpeak Properties, Inc.
    
26
      
920
  
Host Hotels & Resorts, Inc. (a)
    
35
      
607
  
Iron Mountain, Inc.
    
14
      
643
  
Kimco Realty Corp.
    
30
      
728
  
Mid-America Apartment Communities, Inc.
    
6
      
1,240
  
Prologis, Inc.
    
36
      
5,645
  
Public Storage
    
7
      
2,510
  
Realty Income Corp.
    
28
      
1,943
  
Regency Centers Corp.
    
8
      
574
  
SBA Communications Corp.
    
5
      
1,627
  
Simon Property Group, Inc.
    
16
      
2,355
  
UDR, Inc.
    
14
      
796
  
Ventas, Inc.
    
19
      
1,007
  
Vornado Realty Trust
    
8
      
328
  
Welltower, Inc.
    
21
      
1,819
  
Weyerhaeuser Co.
    
37
      
1,496
  
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $48,382)
            
47,825
  
                 
SHORT-TERM INVESTMENTS - 4.0%
  
Principal Amount
          
Money Market Deposit Accounts - 4.0%
                
U.S. Bank Money Market Deposit Account, 0.003% (c)
  
$
81,765
      
81,765
  
TOTAL SHORT-TERM INVESTMENTS (Cost $81,765)
            
81,765
  
                 
Total Investments (Cost $1,980,067) - 95.0%
            
1,948,919
  
Other Assets in Excess of Liabilities - 5.0%
            
102,410
  
TOTAL NET ASSETS - 100.0%
          
$
2,051,329
  

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


Schedule of Open Futures Contracts
January 31, 2022 (Unaudited)
              
Number of
Contracts
  
Long/Short
Description
Expiration Date
  
Notional Value
    
Value &
Unrealized
Appreciation
(Depreciation)
  
 
4
  
Long
S&P 500 Annual Dividend Futures Index (a)
12/16/2022
  
$
63,300
    
$
636
  
 
4
  
Long
S&P 500 Annual Dividend Futures Index (a)
12/15/2023
    
65,200
      
411
  
 
4
  
Long
S&P 500 Annual Dividend Futures Index (a)
12/20/2024
    
66,900
      
36
  
                     
$
1,083
  
                           
(a)   Exchange traded.
                    


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 the 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 valueper 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.
 
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 (the “Board”).
 
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
 Assets
          
 Common Stocks
 $          1,819,329
 $              -
 $                           -
 $             -
 $1,819,329
 Real Estate Investment Trusts
                  47,825
                 -
                              -
               -
        47,825
 Short-Term Investments
                  81,765
                 -
                              -
               -
        81,765
 Total Investments in Securities
 $          1,948,919
 $              -
 $                           -
 $            -
 $1,948,919
           
 Other Financial Instruments (a)
          
 Futures Contracts
 $                 1,083
 $              -
 $                           -
 $            -
 $       1,083
^ See Schedule of Investments for industry breakouts.
                
(a) Other Financial Instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts which are reflected at the unrealized appreciation on the instrument.
                     
For the period ended January 31, 2022, the Fund did not recognize any transfers to or from Level 3.