Pacer CSOP FTSE China A50 ETF
|
||||||||
Schedule of Investments
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||||||||
July 31, 2022 (Unaudited)
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||||||||
Shares
|
Value
|
|||||||
COMMON STOCKS - 99.5%
|
||||||||
Agriculture - 3.5%
|
||||||||
Muyuan Foods Co. Ltd.
|
13,962
|
$
|
123,513
|
|||||
Tongwei Co Ltd.
|
11,800
|
94,247
|
||||||
217,760
|
||||||||
Auto Manufacturers - 5.2%
|
||||||||
BYD Co. Ltd. - Class A
|
4,745
|
225,629
|
||||||
Great Wall Motor Co. Ltd. - Class A
|
7,200
|
36,838
|
||||||
SAIC Motor Corp. Ltd.
|
25,400
|
61,038
|
||||||
323,505
|
||||||||
Auto Parts & Equipment - 7.4%
|
||||||||
Contemporary Amperex Technology Co. Ltd. (a)
|
6,100
|
460,497
|
||||||
Banks - 18.0%
|
||||||||
Agricultural Bank of China Ltd. - Class A
|
248,500
|
105,122
|
||||||
Bank of China Ltd. - Class A
|
117,700
|
53,459
|
||||||
Bank of Communications Co. Ltd. - Class A
|
103,100
|
70,700
|
||||||
Bank of Ningbo Co Ltd.
|
17,300
|
80,116
|
||||||
China CITIC Bank Corp. Ltd. - Class A
|
25,500
|
16,502
|
||||||
China Construction Bank Corp. - Class A
|
25,200
|
20,834
|
||||||
China Merchants Bank Co. Ltd. - Class A
|
54,200
|
282,134
|
||||||
Industrial & Commercial Bank of China Ltd. - Class A
|
202,300
|
131,520
|
||||||
Industrial Bank Co. Ltd.
|
54,500
|
143,749
|
||||||
Ping An Bank Co. Ltd.
|
51,000
|
95,987
|
||||||
Postal Savings Bank of China Co Ltd. - Class A
|
55,300
|
38,496
|
||||||
Shanghai Pudong Development Bank Co. Ltd.
|
77,100
|
83,083
|
||||||
1,121,702
|
||||||||
Beverages - 24.5%
|
||||||||
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd.
|
4,000
|
98,082
|
||||||
Kweichow Moutai Co. Ltd.
|
3,200
|
901,711
|
||||||
Luzhou Laojiao Co. Ltd.
|
3,845
|
126,812
|
||||||
Shanxi Xinghuacun Fen Wine Factory Co. Ltd.
|
3,183
|
129,532
|
||||||
Wuliangye Yibin Co. Ltd.
|
10,200
|
270,095
|
||||||
1,526,232
|
||||||||
Building Materials - 0.8%
|
||||||||
Anhui Conch Cement Co. Ltd. - Class A
|
10,500
|
50,652
|
||||||
Chemicals - 1.6%
|
||||||||
Wanhua Chemical Group Co. Ltd.
|
8,212
|
102,022
|
||||||
Coal - 1.2%
|
||||||||
China Shenhua Energy Co. Ltd. - Class A
|
18,600
|
77,578
|
||||||
Commercial Services - 0.8%
|
||||||||
Beijing-Shanghai High Speed Railway Co. Ltd.
|
74,880
|
51,682
|
||||||
Diversified Financial Services - 1.5%
|
||||||||
CITIC Securities Co. Ltd. - Class A
|
32,070
|
93,299
|
||||||
Electric - 3.4%
|
||||||||
China Yangtze Power Co. Ltd.
|
59,700
|
211,607
|
||||||
Electronics - 2.3%
|
||||||||
Foxconn Industrial Internet Co. Ltd.
|
32,800
|
48,928
|
||||||
Luxshare Precision Industry Co. Ltd.
|
18,629
|
93,875
|
||||||
142,803
|
||||||||
Energy-Alternate Sources - 2.9%
|
||||||||
LONGi Green Energy Technology Co. Ltd.
|
19,920
|
181,840
|
||||||
Engineering & Construction - 1.3%
|
||||||||
China State Construction Engineering Corp. Ltd.
|
110,100
|
82,364
|
||||||
Food - 4.1%
|
||||||||
Foshan Haitian Flavouring & Food Co. Ltd.
|
10,727
|
131,628
|
||||||
Inner Mongolia Yili Industrial Group Co. Ltd.
|
16,800
|
89,346
|
||||||
Yihai Kerry Arawana Holdings Co. Ltd. (a)
|
5,100
|
34,678
|
||||||
255,652
|
||||||||
Healthcare-Products - 2.2%
|
||||||||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
|
3,200
|
137,505
|
||||||
Healthcare-Services - 1.5%
|
||||||||
WuXi AppTec Co. Ltd. - Class A
|
6,696
|
92,829
|
||||||
Home Furnishings - 1.0%
|
||||||||
Haier Smart Home Co Ltd. - Class A
|
16,600
|
61,081
|
||||||
Insurance - 3.7%
|
||||||||
China Pacific Insurance Group Co. Ltd. - Class A
|
18,000
|
53,942
|
||||||
Ping An Insurance Group Co. of China Ltd. - Class A
|
28,400
|
177,553
|
||||||
231,495
|
||||||||
Internet - 1.8%
|
||||||||
East Money Information Co. Ltd.
|
34,727
|
114,688
|
||||||
Mining - 1.2%
|
||||||||
Zijin Mining Group Co. Ltd. - Class A
|
54,100
|
71,708
|
||||||
Oil & Gas - 0.9%
|
||||||||
China Petroleum & Chemical Corp. - Class A
|
89,600
|
54,660
|
||||||
Pharmaceuticals - 2.5%
|
||||||||
Jiangsu Hengrui Medicine Co. Ltd.
|
16,700
|
87,476
|
||||||
Zhangzhou Pientzehuang Pharmaceutical Co Ltd.
|
1,600
|
70,230
|
||||||
157,706
|
||||||||
Real Estate - 1.0%
|
||||||||
China Vanke Co. Ltd. - Class A
|
25,500
|
65,139
|
||||||
Retail - 2.5%
|
||||||||
China Tourism Group Duty Free Corp. Ltd.
|
5,100
|
158,892
|
||||||
Transportation - 2.6%
|
||||||||
COSCO SHIPPING Holdings Co. Ltd. - Class A
|
33,200
|
67,610
|
||||||
SF Holding Co. Ltd.
|
12,900
|
95,431
|
||||||
163,041
|
||||||||
TOTAL COMMON STOCKS (Cost $5,865,894)
|
6,207,939
|
|||||||
Principal Amount
|
||||||||
SHORT-TERM INVESTMENTS - 0.4%
|
||||||||
MONEY MARKET DEPOSIT ACCOUNTS - 0.4%
|
||||||||
U.S. Bank Money Market Deposit Account 1.600% (b)
|
$
|
23,587
|
23,587
|
|||||
TOTAL SHORT-TERM INVESTMENTS (Cost $23,587)
|
23,587
|
|||||||
Total Investments (Cost $5,889,481) - 99.9%
|
6,231,526
|
|||||||
Other Assets in Excess of Liabilities - 0.1%
|
7,662
|
|||||||
TOTAL NET ASSETS - 100.0%
|
$
|
6,239,188
|
Percentages are stated as a percent of net assets.
|
||||
(a)
|
Non-income producing security.
|
|||
(b)
|
The rate shown is as of July 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.
|
Summary of Fair Value Disclosure at July 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.
|
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 July 31, 2022:
|
Description^
|
Level 1
|
Level 2
|
Level 3
|
Investments
Measured at Net
Asset Value
|
Total
|
|
Common Stocks
|
$ 6,207,939
|
$ -
|
$ -
|
$ -
|
$ 6,207,939
|
|
Short-Term Investments
|
23,587
|
23,587
|
||||
Total Investments in Securities
|
$ 6,231,526
|
$ -
|
$ -
|
$ -
|
$ 6,231,526
|
^ See the Schedules of Investments for further disaggregation of investment categories.
|
||||||||||
For the period ended July 31, 2022, the Fund did not recognize any transfers to or from Level 3.
|