|
Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF
|
||||||||
|
Schedule of Investments
|
||||||||
|
July 31, 2022 (Unaudited)
|
||||||||
|
Shares
|
Value
|
|||||||
|
COMMON STOCKS - 89.7%
|
||||||||
|
Advertising - 0.1%
|
||||||||
|
Omnicom Group, Inc.
|
10
|
$
|
698
|
|||||
|
The Interpublic Group of Cos., Inc.
|
19
|
568
|
||||||
|
1,266
|
||||||||
|
Aerospace/Defense - 1.5%
|
||||||||
|
General Dynamics Corp.
|
11
|
2,493
|
||||||
|
Howmet Aerospace, Inc.
|
18
|
668
|
||||||
|
L3Harris Technologies, Inc.
|
9
|
2,160
|
||||||
|
Lockheed Martin Corp.
|
12
|
4,966
|
||||||
|
Northrop Grumman Corp.
|
7
|
3,352
|
||||||
|
Raytheon Technologies Corp.
|
73
|
6,804
|
||||||
|
Teledyne Technologies, Inc. (a)
|
2
|
783
|
||||||
|
The Boeing Co. (a)
|
27
|
4,302
|
||||||
|
TransDigm Group, Inc. (a)
|
3
|
1,867
|
||||||
|
27,395
|
||||||||
|
Agriculture - 0.7%
|
||||||||
|
Altria Group, Inc.
|
89
|
3,904
|
||||||
|
Archer-Daniels-Midland Co.
|
28
|
2,318
|
||||||
|
Philip Morris International, Inc.
|
76
|
7,383
|
||||||
|
13,605
|
||||||||
|
Airlines - 0.2%
|
||||||||
|
Alaska Air Group, Inc. (a)
|
6
|
266
|
||||||
|
American Airlines Group, Inc. (a)
|
32
|
439
|
||||||
|
Delta Air Lines, Inc. (a)
|
31
|
986
|
||||||
|
Southwest Airlines Co. (a)
|
29
|
1,105
|
||||||
|
United Airlines Holdings, Inc. (a)
|
16
|
588
|
||||||
|
3,384
|
||||||||
|
Apparel - 0.5%
|
||||||||
|
NIKE, Inc. - Class B
|
62
|
7,125
|
||||||
|
PVH Corp.
|
3
|
186
|
||||||
|
Ralph Lauren Corp.
|
2
|
197
|
||||||
|
Tapestry, Inc.
|
12
|
404
|
||||||
|
VF Corp.
|
16
|
715
|
||||||
|
8,627
|
||||||||
|
Auto Manufacturers - 2.4%
|
||||||||
|
Cummins, Inc.
|
7
|
1,549
|
||||||
|
Ford Motor Co.
|
193
|
2,835
|
||||||
|
General Motors Co. (a)
|
71
|
2,575
|
||||||
|
PACCAR, Inc.
|
17
|
1,556
|
||||||
|
Tesla Motors, Inc. (a)
|
41
|
36,549
|
||||||
|
45,064
|
||||||||
|
Auto Parts & Equipment - 0.1%
|
||||||||
|
Aptiv PLC (a)
|
13
|
1,364
|
||||||
|
BorgWarner, Inc.
|
12
|
461
|
||||||
|
1,825
|
||||||||
|
Banks - 4.2%
|
||||||||
|
Bank of America Corp.
|
347
|
11,732
|
||||||
|
Citigroup, Inc.
|
95
|
4,930
|
||||||
|
Citizens Financial Group, Inc.
|
24
|
911
|
||||||
|
Comerica, Inc.
|
6
|
467
|
||||||
|
Fifth Third Bancorp
|
34
|
1,160
|
||||||
|
First Republic Bank
|
9
|
1,464
|
||||||
|
Huntington Bancshares, Inc.
|
70
|
930
|
||||||
|
JPMorgan Chase & Co.
|
144
|
16,612
|
||||||
|
KeyCorp.
|
46
|
842
|
||||||
|
M&T Bank Corp.
|
9
|
1,597
|
||||||
|
Morgan Stanley
|
69
|
5,817
|
||||||
|
Northern Trust Corp.
|
10
|
998
|
||||||
|
Regions Financial Corp.
|
46
|
974
|
||||||
|
Signature Bank
|
3
|
557
|
||||||
|
State Street Corp.
|
18
|
1,279
|
||||||
|
SVB Financial Group (a)
|
3
|
1,211
|
||||||
|
The Bank of New York Mellon Corp.
|
36
|
1,564
|
||||||
|
The Goldman Sachs Group, Inc.
|
17
|
5,668
|
||||||
|
The PNC Financial Services Group, Inc.
|
20
|
3,319
|
||||||
|
Truist Financial Corp.
|
65
|
3,280
|
||||||
|
US Bancorp
|
66
|
3,115
|
||||||
|
Wells Fargo & Co.
|
186
|
8,160
|
||||||
|
Zions Bancorp
|
7
|
382
|
||||||
|
76,969
|
||||||||
|
Beverages - 1.7%
|
||||||||
|
Brown-Forman Corp. - Class B
|
9
|
668
|
||||||
|
Constellation Brands, Inc. - Class A
|
8
|
1,971
|
||||||
|
Keurig Dr Pepper, Inc.
|
36
|
1,395
|
||||||
|
Molson Coors Brewing Co. - Class B
|
9
|
538
|
||||||
|
Monster Beverage Corp. (a)
|
18
|
1,793
|
||||||
|
PepsiCo, Inc.
|
68
|
11,897
|
||||||
|
The Coca-Cola Co.
|
191
|
12,256
|
||||||
|
30,518
|
||||||||
|
Biotechnology - 1.4%
|
||||||||
|
Amgen, Inc.
|
26
|
6,434
|
||||||
|
Biogen, Inc. (a)
|
7
|
1,505
|
||||||
|
Bio-Rad Laboratories, Inc. - Class A (a)
|
1
|
563
|
||||||
|
Corteva, Inc.
|
35
|
2,014
|
||||||
|
Gilead Sciences, Inc.
|
61
|
3,645
|
||||||
|
Illumina, Inc. (a)
|
8
|
1,734
|
||||||
|
Incyte Corp. (a)
|
9
|
699
|
||||||
|
Moderna, Inc. (a)
|
17
|
2,790
|
||||||
|
Regeneron Pharmaceuticals, Inc. (a)
|
5
|
2,909
|
||||||
|
Vertex Pharmaceuticals, Inc. (a)
|
13
|
3,645
|
||||||
|
25,938
|
||||||||
|
Building Materials - 0.4%
|
||||||||
|
Carrier Global Corp.
|
42
|
1,702
|
||||||
|
Fortune Brands Home & Security, Inc.
|
6
|
418
|
||||||
|
Johnson Controls International PLC
|
34
|
1,833
|
||||||
|
Martin Marietta Materials, Inc.
|
3
|
1,056
|
||||||
|
Masco Corp.
|
12
|
665
|
||||||
|
Mohawk Industries, Inc. (a)
|
3
|
386
|
||||||
|
Vulcan Materials Co.
|
7
|
1,157
|
||||||
|
7,217
|
||||||||
|
Chemicals - 1.5%
|
||||||||
|
Air Products & Chemicals, Inc.
|
11
|
2,730
|
||||||
|
Albemarle Corp.
|
6
|
1,466
|
||||||
|
Celanese Corp.
|
5
|
587
|
||||||
|
CF Industries Holdings, Inc.
|
10
|
955
|
||||||
|
Dow, Inc.
|
36
|
1,915
|
||||||
|
DuPont de Nemours, Inc.
|
25
|
1,531
|
||||||
|
Eastman Chemical Co.
|
6
|
576
|
||||||
|
Ecolab, Inc.
|
12
|
1,982
|
||||||
|
FMC Corp.
|
6
|
667
|
||||||
|
International Flavors & Fragrances, Inc.
|
12
|
1,489
|
||||||
|
Linde PLC
|
25
|
7,550
|
||||||
|
LyondellBasell Industries NV
|
13
|
1,159
|
||||||
|
Mosaic Co.
|
18
|
948
|
||||||
|
PPG Industries, Inc.
|
12
|
1,551
|
||||||
|
The Sherwin-Williams Co.
|
12
|
2,903
|
||||||
|
28,009
|
||||||||
|
Commercial Services - 1.7%
|
||||||||
|
Automatic Data Processing, Inc.
|
20
|
4,822
|
||||||
|
Cintas Corp.
|
4
|
1,702
|
||||||
|
Equifax, Inc.
|
6
|
1,253
|
||||||
|
FleetCor Technologies, Inc. (a)
|
4
|
880
|
||||||
|
Gartner, Inc. (a)
|
4
|
1,062
|
||||||
|
Global Payments, Inc.
|
14
|
1,713
|
||||||
|
MarketAxess Holdings, Inc.
|
2
|
542
|
||||||
|
Moody's Corp.
|
8
|
2,482
|
||||||
|
Nielsen Holdings PLC
|
18
|
431
|
||||||
|
PayPal Holdings, Inc. (a)
|
57
|
4,932
|
||||||
|
Quanta Services, Inc.
|
7
|
971
|
||||||
|
Robert Half International, Inc.
|
5
|
396
|
||||||
|
Rollins, Inc.
|
11
|
424
|
||||||
|
S&P Global, Inc.
|
17
|
6,408
|
||||||
|
United Rentals, Inc. (a)
|
4
|
1,291
|
||||||
|
Verisk Analytics, Inc.
|
8
|
1,522
|
||||||
|
30,831
|
||||||||
|
Computers - 8.1%
|
||||||||
|
Accenture PLC - Class A
|
31
|
9,494
|
||||||
|
Apple, Inc.
|
753
|
122,370
|
||||||
|
Cognizant Technology Solutions Corp.
|
26
|
1,767
|
||||||
|
DXC Technology Co. (a)
|
12
|
379
|
||||||
|
EPAM Systems, Inc. (a)
|
3
|
1,048
|
||||||
|
Fortinet, Inc. (a)
|
35
|
2,088
|
||||||
|
Hewlett Packard Enterprise Co.
|
64
|
911
|
||||||
|
HP, Inc.
|
52
|
1,736
|
||||||
|
International Business Machines Corp.
|
44
|
5,755
|
||||||
|
Leidos Holdings, Inc.
|
7
|
749
|
||||||
|
NetApp, Inc.
|
11
|
785
|
||||||
|
Seagate Technology Holdings PLC
|
10
|
800
|
||||||
|
Western Digital Corp. (a)
|
15
|
736
|
||||||
|
148,618
|
||||||||
|
Cosmetics/Personal Care - 1.2%
|
||||||||
|
Colgate-Palmolive Co.
|
41
|
3,228
|
||||||
|
The Estee Lauder Cos., Inc.
|
11
|
3,004
|
||||||
|
The Procter & Gamble Co.
|
117
|
16,253
|
||||||
|
22,485
|
||||||||
|
Distribution/Wholesale - 0.3%
|
||||||||
|
Copart, Inc. (a)
|
10
|
1,281
|
||||||
|
Fastenal Co.
|
28
|
1,438
|
||||||
|
LKQ Corp.
|
13
|
713
|
||||||
|
Pool Corp.
|
2
|
715
|
||||||
|
W.W. Grainger, Inc.
|
2
|
1,087
|
||||||
|
5,234
|
||||||||
|
Diversified Financial Services - 3.4%
|
||||||||
|
American Express Co.
|
30
|
4,620
|
||||||
|
Ameriprise Financial, Inc.
|
5
|
1,350
|
||||||
|
BlackRock, Inc.
|
7
|
4,684
|
||||||
|
Capital One Financial Corp.
|
19
|
2,087
|
||||||
|
Cboe Global Markets, Inc.
|
5
|
617
|
||||||
|
CME Group, Inc.
|
18
|
3,591
|
||||||
|
Discover Financial Services
|
14
|
1,414
|
||||||
|
Franklin Resources, Inc.
|
14
|
384
|
||||||
|
Intercontinental Exchange, Inc.
|
27
|
2,754
|
||||||
|
Invesco Ltd.
|
16
|
284
|
||||||
|
MasterCard, Inc. - Class A
|
42
|
14,859
|
||||||
|
Nasdaq, Inc.
|
6
|
1,085
|
||||||
|
Raymond James Financial, Inc.
|
10
|
985
|
||||||
|
Synchrony Financial
|
25
|
837
|
||||||
|
T Rowe Price Group, Inc.
|
11
|
1,358
|
||||||
|
The Charles Schwab Corp.
|
74
|
5,110
|
||||||
|
Visa, Inc. - Class A
|
81
|
17,181
|
||||||
|
63,200
|
||||||||
|
Electric - 2.6%
|
||||||||
|
Alliant Energy Corp.
|
12
|
731
|
||||||
|
Ameren Corp.
|
13
|
1,211
|
||||||
|
American Electric Power Co., Inc.
|
25
|
2,464
|
||||||
|
CenterPoint Energy, Inc.
|
31
|
982
|
||||||
|
CMS Energy Corp.
|
14
|
962
|
||||||
|
Consolidated Edison, Inc.
|
17
|
1,688
|
||||||
|
Constellation Energy Corp.
|
16
|
1,058
|
||||||
|
Dominion Energy, Inc.
|
40
|
3,279
|
||||||
|
DTE Energy Co.
|
9
|
1,173
|
||||||
|
Duke Energy Corp.
|
38
|
4,177
|
||||||
|
Edison International
|
19
|
1,288
|
||||||
|
Entergy Corp.
|
10
|
1,151
|
||||||
|
Evergy, Inc.
|
11
|
751
|
||||||
|
Eversource Energy
|
17
|
1,500
|
||||||
|
Exelon Corp.
|
48
|
2,231
|
||||||
|
FirstEnergy Corp.
|
28
|
1,151
|
||||||
|
NextEra Energy, Inc.
|
96
|
8,111
|
||||||
|
NRG Energy, Inc.
|
12
|
453
|
||||||
|
Pinnacle West Capital Corp.
|
6
|
441
|
||||||
|
PPL Corp.
|
36
|
1,047
|
||||||
|
Public Service Enterprise Group, Inc.
|
24
|
1,576
|
||||||
|
Sempra Energy
|
15
|
2,487
|
||||||
|
The AES Corp.
|
33
|
733
|
||||||
|
The Southern Co.
|
52
|
3,998
|
||||||
|
WEC Energy Group, Inc.
|
15
|
1,557
|
||||||
|
Xcel Energy, Inc.
|
27
|
1,976
|
||||||
|
48,176
|
||||||||
|
Electrical Components & Equipment - 0.3%
|
||||||||
|
AMETEK, Inc.
|
11
|
1,358
|
||||||
|
Emerson Electric Co.
|
29
|
2,612
|
||||||
|
Generac Holdings, Inc. (a)
|
3
|
805
|
||||||
|
4,775
|
||||||||
|
Electronics - 1.0%
|
||||||||
|
Agilent Technologies, Inc.
|
15
|
2,012
|
||||||
|
Allegion PLC
|
4
|
423
|
||||||
|
Amphenol Corp.
|
29
|
2,237
|
||||||
|
Fortive Corp.
|
18
|
1,160
|
||||||
|
Garmin Ltd.
|
7
|
683
|
||||||
|
Honeywell International, Inc.
|
33
|
6,351
|
||||||
|
Keysight Technologies, Inc. (a)
|
9
|
1,463
|
||||||
|
Mettler-Toledo International, Inc. (a)
|
1
|
1,350
|
||||||
|
TE Connectivity Ltd.
|
16
|
2,140
|
||||||
|
Trimble, Inc. (a)
|
12
|
833
|
||||||
|
18,652
|
||||||||
|
Energy-Alternate Sources - 0.2%
|
||||||||
|
Enphase Energy, Inc. (a)
|
7
|
1,989
|
||||||
|
SolarEdge Technologies, Inc. (a)
|
3
|
1,081
|
||||||
|
3,070
|
||||||||
|
Engineering & Construction - 0.0% (b)
|
||||||||
|
Jacobs Engineering Group, Inc.
|
6
|
824
|
||||||
|
Entertainment - 0.1%
|
||||||||
|
Caesars Entertainment, Inc. (a)
|
10
|
457
|
||||||
|
Live Nation Entertainment, Inc. (a)
|
7
|
658
|
||||||
|
Penn National Gaming, Inc. (a)
|
8
|
276
|
||||||
|
1,391
|
||||||||
|
Environmental Control - 0.3%
|
||||||||
|
Pentair PLC
|
8
|
391
|
||||||
|
Republic Services, Inc.
|
10
|
1,386
|
||||||
|
Waste Management, Inc.
|
19
|
3,127
|
||||||
|
4,904
|
||||||||
|
Food - 1.1%
|
||||||||
|
Campbell Soup Co.
|
10
|
493
|
||||||
|
Conagra Brands, Inc.
|
23
|
787
|
||||||
|
General Mills, Inc.
|
29
|
2,169
|
||||||
|
Hormel Foods Corp.
|
14
|
691
|
||||||
|
Kellogg Co.
|
12
|
887
|
||||||
|
Lamb Weston Holdings, Inc.
|
7
|
558
|
||||||
|
McCormick & Co., Inc.
|
12
|
1,048
|
||||||
|
Mondelez International, Inc.
|
68
|
4,355
|
||||||
|
Sysco Corp.
|
25
|
2,122
|
||||||
|
The Hershey Co.
|
7
|
1,596
|
||||||
|
The JM Smucker Co.
|
5
|
662
|
||||||
|
The Kraft Heinz Co.
|
35
|
1,289
|
||||||
|
The Kroger Co.
|
32
|
1,486
|
||||||
|
Tyson Foods, Inc. - Class A
|
14
|
1,232
|
||||||
|
19,375
|
||||||||
|
Forest Products & Paper - 0.0% (b)
|
||||||||
|
International Paper Co.
|
18
|
770
|
||||||
|
Gas - 0.1%
|
||||||||
|
Atmos Energy Corp.
|
7
|
850
|
||||||
|
NiSource, Inc.
|
20
|
608
|
||||||
|
1,458
|
||||||||
|
Hand/Machine Tools - 0.1%
|
||||||||
|
Snap-On, Inc.
|
3
|
672
|
||||||
|
Stanley Black & Decker, Inc.
|
7
|
681
|
||||||
|
1,353
|
||||||||
|
Healthcare-Products - 3.5%
|
||||||||
|
Abbott Laboratories
|
86
|
9,360
|
||||||
|
ABIOMED, Inc. (a)
|
2
|
586
|
||||||
|
Align Technology, Inc. (a)
|
4
|
1,124
|
||||||
|
Baxter International, Inc.
|
25
|
1,466
|
||||||
|
Bio-Techne Corp.
|
2
|
771
|
||||||
|
Boston Scientific Corp. (a)
|
70
|
2,873
|
||||||
|
Danaher Corp.
|
32
|
9,327
|
||||||
|
DENTSPLY SIRONA, Inc.
|
11
|
398
|
||||||
|
Edwards Lifesciences Corp. (a)
|
30
|
3,016
|
||||||
|
Henry Schein, Inc. (a)
|
7
|
552
|
||||||
|
Hologic, Inc. (a)
|
12
|
857
|
||||||
|
IDEXX Laboratories, Inc. (a)
|
4
|
1,597
|
||||||
|
Intuitive Surgical, Inc. (a)
|
18
|
4,143
|
||||||
|
Medtronic PLC
|
66
|
6,106
|
||||||
|
PerkinElmer, Inc.
|
6
|
919
|
||||||
|
ResMed, Inc.
|
7
|
1,684
|
||||||
|
STERIS PLC
|
5
|
1,128
|
||||||
|
Stryker Corp.
|
16
|
3,436
|
||||||
|
Teleflex, Inc.
|
2
|
481
|
||||||
|
The Cooper Cos., Inc.
|
2
|
654
|
||||||
|
Thermo Fisher Scientific, Inc.
|
19
|
11,370
|
||||||
|
Waters Corp. (a)
|
3
|
1,092
|
||||||
|
West Pharmaceutical Services, Inc.
|
4
|
1,374
|
||||||
|
Zimmer Biomet Holdings, Inc.
|
10
|
1,104
|
||||||
|
65,418
|
||||||||
|
Healthcare-Services - 2.5%
|
||||||||
|
Catalent, Inc. (a)
|
9
|
1,018
|
||||||
|
Centene Corp. (a)
|
29
|
2,696
|
||||||
|
Charles River Laboratories International, Inc. (a)
|
2
|
501
|
||||||
|
DaVita, Inc. (a)
|
3
|
253
|
||||||
|
Elevance Health, Inc.
|
12
|
5,725
|
||||||
|
HCA Healthcare, Inc.
|
11
|
2,337
|
||||||
|
Humana, Inc.
|
6
|
2,892
|
||||||
|
IQVIA Holdings, Inc. (a)
|
9
|
2,162
|
||||||
|
Laboratory Corp. of American Holdings
|
5
|
1,311
|
||||||
|
Molina Healthcare, Inc. (a)
|
3
|
983
|
||||||
|
Quest Diagnostics, Inc.
|
6
|
819
|
||||||
|
UnitedHealth Group, Inc.
|
46
|
24,948
|
||||||
|
Universal Health Services, Inc. - Class B
|
3
|
337
|
||||||
|
45,982
|
||||||||
|
Home Builders - 0.2%
|
||||||||
|
DR Horton, Inc.
|
16
|
1,249
|
||||||
|
Lennar Corp. - Class A
|
13
|
1,105
|
||||||
|
PulteGroup, Inc.
|
12
|
523
|
||||||
|
2,877
|
||||||||
|
Home Furnishings - 0.0% (b)
|
||||||||
|
Whirlpool Corp.
|
3
|
519
|
||||||
|
Household Products/Wares - 0.3%
|
||||||||
|
Avery Dennison Corp.
|
4
|
762
|
||||||
|
Church & Dwight Co., Inc.
|
12
|
1,055
|
||||||
|
Kimberly-Clark Corp.
|
16
|
2,109
|
||||||
|
The Clorox Co.
|
6
|
851
|
||||||
|
4,777
|
||||||||
|
Housewares - 0.0% (b)
|
||||||||
|
Newell Brands, Inc.
|
18
|
364
|
||||||
|
Insurance - 3.3%
|
||||||||
|
Aflac, Inc.
|
29
|
1,662
|
||||||
|
American International Group, Inc.
|
39
|
2,019
|
||||||
|
Aon PLC
|
10
|
2,910
|
||||||
|
Arthur J Gallagher & Co.
|
10
|
1,790
|
||||||
|
Assurant, Inc.
|
3
|
527
|
||||||
|
Berkshire Hathaway, Inc. - Class B (a)
|
89
|
26,753
|
||||||
|
Brown & Brown, Inc.
|
11
|
716
|
||||||
|
Chubb Ltd.
|
21
|
3,961
|
||||||
|
Cincinnati Financial Corp.
|
7
|
681
|
||||||
|
Everest Re Group Ltd.
|
2
|
523
|
||||||
|
Globe Life, Inc.
|
4
|
403
|
||||||
|
Lincoln National Corp.
|
8
|
411
|
||||||
|
Loews Corp.
|
10
|
582
|
||||||
|
Marsh & McLennan Cos., Inc.
|
25
|
4,099
|
||||||
|
MetLife, Inc.
|
34
|
2,151
|
||||||
|
Principal Financial Group, Inc.
|
12
|
803
|
||||||
|
Prudential Financial, Inc.
|
18
|
1,800
|
||||||
|
The Allstate Corp.
|
13
|
1,521
|
||||||
|
The Hartford Financial Services Group, Inc.
|
16
|
1,032
|
||||||
|
The Progressive Corp.
|
29
|
3,337
|
||||||
|
The Travelers Cos., Inc.
|
12
|
1,904
|
||||||
|
W R Berkley Corp.
|
10
|
625
|
||||||
|
Willis Towers Watson PLC
|
5
|
1,035
|
||||||
|
61,245
|
||||||||
|
Internet - 8.6%
|
||||||||
|
Alphabet, Inc. - Class A (a)
|
300
|
34,896
|
||||||
|
Alphabet, Inc. - Class C (a)
|
260
|
30,326
|
||||||
|
Amazon.com, Inc. (a)
|
428
|
57,759
|
||||||
|
Booking Holdings, Inc. (a)
|
2
|
3,871
|
||||||
|
CDW Corp.
|
7
|
1,271
|
||||||
|
eBay, Inc.
|
27
|
1,313
|
||||||
|
Etsy, Inc. (a)
|
6
|
622
|
||||||
|
Expedia Group, Inc. (a)
|
7
|
742
|
||||||
|
F5, Inc. (a)
|
3
|
502
|
||||||
|
Match Group, Inc. (a)
|
14
|
1,026
|
||||||
|
Meta Platforms, Inc. - Class A (a)
|
112
|
17,819
|
||||||
|
Netflix, Inc. (a)
|
22
|
4,948
|
||||||
|
NortonLifeLock, Inc.
|
28
|
687
|
||||||
|
Twitter, Inc. (a)
|
37
|
1,540
|
||||||
|
VeriSign, Inc. (a)
|
5
|
946
|
||||||
|
158,268
|
||||||||
|
Iron/Steel - 0.1%
|
||||||||
|
Nucor Corp.
|
13
|
1,765
|
||||||
|
Leisure Time - 0.1%
|
||||||||
|
Carnival Corp. (a)
|
40
|
362
|
||||||
|
Norwegian Cruise Line Holdings Ltd. (a)
|
21
|
255
|
||||||
|
Royal Caribbean Cruises Ltd. (a)
|
11
|
426
|
||||||
|
1,043
|
||||||||
|
Lodging - 0.3%
|
||||||||
|
Hilton Worldwide Holdings, Inc.
|
14
|
1,793
|
||||||
|
Las Vegas Sands Corp. (a)
|
17
|
641
|
||||||
|
Marriott International, Inc.
|
13
|
2,065
|
||||||
|
MGM Resorts International
|
17
|
556
|
||||||
|
Wynn Resorts Ltd. (a)
|
5
|
317
|
||||||
|
5,372
|
||||||||
|
Machinery-Construction & Mining - 0.3%
|
||||||||
|
Caterpillar, Inc.
|
26
|
5,155
|
||||||
|
Machinery-Diversified - 0.7%
|
||||||||
|
Deere & Co.
|
14
|
4,804
|
||||||
|
Dover Corp.
|
7
|
936
|
||||||
|
IDEX Corp.
|
4
|
835
|
||||||
|
Ingersoll Rand, Inc.
|
20
|
996
|
||||||
|
Nordson Corp.
|
3
|
693
|
||||||
|
Otis Worldwide Corp.
|
21
|
1,642
|
||||||
|
Rockwell Automation, Inc.
|
6
|
1,532
|
||||||
|
Westinghouse Air Brake Technologies Corp.
|
9
|
841
|
||||||
|
Xylem, Inc.
|
9
|
828
|
||||||
|
13,107
|
||||||||
|
Media - 1.3%
|
||||||||
|
Charter Communications, Inc. - Class A (a)
|
6
|
2,593
|
||||||
|
Comcast Corp. - Class A
|
219
|
8,217
|
||||||
|
DISH Network Corp. - Class A (a)
|
12
|
208
|
||||||
|
FactSet Research Systems, Inc.
|
2
|
859
|
||||||
|
Fox Corp. - Class A
|
15
|
497
|
||||||
|
Fox Corp. - Class B
|
7
|
216
|
||||||
|
News Corp. - Class B
|
6
|
104
|
||||||
|
News Corp. - Class A
|
19
|
326
|
||||||
|
Paramount Global - Class B
|
30
|
709
|
||||||
|
Walt Disney Co. (a)
|
89
|
9,443
|
||||||
|
Warner Bros Discovery, Inc. (a)
|
108
|
1,620
|
||||||
|
24,792
|
||||||||
|
Mining - 0.2%
|
||||||||
|
Freeport-McMoRan, Inc.
|
71
|
2,240
|
||||||
|
Newmont Goldcorp Corp.
|
39
|
1,766
|
||||||
|
4,006
|
||||||||
|
Miscellaneous Manufacturing - 0.8 %
|
||||||||
|
3M Co.
|
28
|
4,011
|
||||||
|
A O Smith Corp.
|
6
|
379
|
||||||
|
Eaton Corp. PLC
|
20
|
2,968
|
||||||
|
General Electric Co.
|
54
|
3,991
|
||||||
|
Illinois Tool Works, Inc.
|
14
|
2,909
|
||||||
|
Parker-Hannifin Corp.
|
6
|
1,734
|
||||||
|
Textron, Inc.
|
11
|
722
|
||||||
|
Trane Technologies PLC
|
11
|
1,617
|
||||||
|
18,331
|
||||||||
|
Office/Business Equipment - 0.1%
|
||||||||
|
Zebra Technologies Corp. (a)
|
3
|
1,073
|
||||||
|
Oil & Gas - 3.5%
|
||||||||
|
APA Corp.
|
17
|
632
|
||||||
|
Chevron Corp.
|
96
|
15,723
|
||||||
|
ConocoPhillips
|
63
|
6,138
|
||||||
|
Coterra Energy, Inc.
|
39
|
1,193
|
||||||
|
Devon Energy Corp.
|
30
|
1,886
|
||||||
|
Diamondback Energy, Inc.
|
8
|
1,024
|
||||||
|
EOG Resources, Inc.
|
29
|
3,225
|
||||||
|
Exxon Mobil Corp.
|
206
|
19,967
|
||||||
|
Hess Corp.
|
14
|
1,575
|
||||||
|
Marathon Oil Corp.
|
35
|
868
|
||||||
|
Marathon Petroleum Corp.
|
26
|
2,383
|
||||||
|
Occidental Petroleum Corp.
|
44
|
2,893
|
||||||
|
Phillips 66
|
24
|
2,136
|
||||||
|
Pioneer Natural Resources Co.
|
11
|
2,607
|
||||||
|
Valero Energy Corp.
|
20
|
2,215
|
||||||
|
64,465
|
||||||||
|
Oil & Gas Services - 0.3%
|
||||||||
|
Baker Hughes Co.
|
46
|
1,182
|
||||||
|
Halliburton Co.
|
44
|
1,289
|
||||||
|
Schlumberger Ltd.
|
69
|
2,555
|
||||||
|
5,026
|
||||||||
|
Packaging & Containers - 0.2%
|
||||||||
|
Amcor PLC
|
74
|
958
|
||||||
|
Ball Corp.
|
16
|
1,175
|
||||||
|
Packaging Corp. of America
|
5
|
703
|
||||||
|
Sealed Air Corp.
|
7
|
428
|
||||||
|
Westrock Co.
|
12
|
508
|
||||||
|
3,772
|
||||||||
|
Pharmaceuticals - 5.7%
|
||||||||
|
AbbVie, Inc.
|
87
|
12,485
|
||||||
|
AmerisourceBergen Corp.
|
7
|
1,021
|
||||||
|
Becton Dickinson and Co.
|
14
|
3,420
|
||||||
|
Bristol-Myers Squibb Co.
|
104
|
7,673
|
||||||
|
Cardinal Health, Inc.
|
13
|
774
|
||||||
|
Cigna Corp.
|
16
|
4,406
|
||||||
|
CVS Health Corp.
|
64
|
6,124
|
||||||
|
DexCom, Inc. (a)
|
19
|
1,560
|
||||||
|
Eli Lilly & Co.
|
39
|
12,858
|
||||||
|
Johnson & Johnson
|
129
|
22,513
|
||||||
|
McKesson Corp.
|
7
|
2,391
|
||||||
|
Merck & Co., Inc.
|
124
|
11,078
|
||||||
|
Organon & Co.
|
12
|
381
|
||||||
|
Pfizer, Inc.
|
275
|
13,890
|
||||||
|
Viatris, Inc.
|
59
|
572
|
||||||
|
Zoetis, Inc.
|
23
|
4,199
|
||||||
|
105,345
|
||||||||
|
Pipelines - 0.3%
|
||||||||
|
Kinder Morgan, Inc.
|
95
|
1,709
|
||||||
|
ONEOK, Inc.
|
22
|
1,314
|
||||||
|
The Williams Cos., Inc.
|
60
|
2,046
|
||||||
|
5,069
|
||||||||
|
Real Estate - 0.1%
|
||||||||
|
CBRE Group, Inc. (a)
|
16
|
1,370
|
||||||
|
Retail - 4.7%
|
||||||||
|
Advance Auto Parts, Inc.
|
3
|
581
|
||||||
|
AutoZone, Inc. (a)
|
1
|
2,137
|
||||||
|
Bath & Body Works, Inc.
|
12
|
427
|
||||||
|
Best Buy Co., Inc.
|
10
|
770
|
||||||
|
CarMax, Inc. (a)
|
8
|
796
|
||||||
|
Chipotle Mexican Grill, Inc. (a)
|
1
|
1,564
|
||||||
|
Costco Wholesale Corp.
|
22
|
11,909
|
||||||
|
Darden Restaurants, Inc.
|
6
|
747
|
||||||
|
Dollar General Corp.
|
11
|
2,733
|
||||||
|
Dollar Tree, Inc. (a)
|
11
|
1,819
|
||||||
|
Domino's Pizza, Inc.
|
2
|
784
|
||||||
|
Genuine Parts Co.
|
7
|
1,070
|
||||||
|
Lowe's Cos., Inc.
|
32
|
6,129
|
||||||
|
McDonald's Corp.
|
36
|
9,481
|
||||||
|
O'Reilly Automotive, Inc. (a)
|
3
|
2,111
|
||||||
|
Ross Stores, Inc.
|
17
|
1,381
|
||||||
|
Starbucks Corp.
|
56
|
4,748
|
||||||
|
Target Corp.
|
23
|
3,758
|
||||||
|
The Home Depot, Inc.
|
51
|
15,348
|
||||||
|
The TJX Cos., Inc.
|
57
|
3,486
|
||||||
|
Tractor Supply Co.
|
5
|
957
|
||||||
|
Ulta Beauty, Inc. (a)
|
3
|
1,167
|
||||||
|
Walgreens Boots Alliance, Inc.
|
35
|
1,387
|
||||||
|
Walmart, Inc.
|
69
|
9,111
|
||||||
|
Yum! Brands, Inc.
|
14
|
1,716
|
||||||
|
86,117
|
||||||||
|
Semiconductors - 4.9%
|
||||||||
|
Advanced Micro Devices, Inc. (a)
|
79
|
7,463
|
||||||
|
Analog Devices, Inc.
|
26
|
4,471
|
||||||
|
Applied Materials, Inc.
|
43
|
4,557
|
||||||
|
Broadcom, Inc.
|
20
|
10,710
|
||||||
|
Intel Corp.
|
200
|
7,262
|
||||||
|
KLA Corp.
|
7
|
2,685
|
||||||
|
Lam Research Corp.
|
7
|
3,504
|
||||||
|
Microchip Technology, Inc.
|
27
|
1,859
|
||||||
|
Micron Technology, Inc.
|
55
|
3,402
|
||||||
|
Monolithic Power Systems, Inc.
|
2
|
930
|
||||||
|
NVIDIA Corp.
|
123
|
22,341
|
||||||
|
NXP Semiconductors NV
|
13
|
2,390
|
||||||
|
ON Semiconductor Corp. (a)
|
21
|
1,402
|
||||||
|
Qorvo, Inc. (a)
|
5
|
520
|
||||||
|
QUALCOMM, Inc.
|
55
|
7,978
|
||||||
|
Skyworks Solutions, Inc.
|
8
|
871
|
||||||
|
Teradyne, Inc.
|
8
|
807
|
||||||
|
Texas Instruments, Inc.
|
45
|
8,050
|
||||||
|
91,202
|
||||||||
|
Shipbuilding - 0.0% (b)
|
||||||||
|
Huntington Ingalls Industries, Inc.
|
2
|
434
|
||||||
|
Software - 9.2%
|
||||||||
|
Activision Blizzard, Inc.
|
38
|
3,038
|
||||||
|
Adobe, Inc. (a)
|
23
|
9,433
|
||||||
|
Akamai Technologies, Inc. (a)
|
8
|
770
|
||||||
|
ANSYS, Inc. (a)
|
4
|
1,116
|
||||||
|
Autodesk, Inc. (a)
|
11
|
2,380
|
||||||
|
Broadridge Financial Solutions, Inc.
|
6
|
963
|
||||||
|
Cadence Design System, Inc. (a)
|
13
|
2,419
|
||||||
|
Ceridian HCM Holding, Inc. (a)
|
7
|
383
|
||||||
|
Citrix Systems, Inc.
|
6
|
608
|
||||||
|
Electronic Arts, Inc.
|
14
|
1,837
|
||||||
|
Fidelity National Information Services, Inc.
|
30
|
3,065
|
||||||
|
Fiserv, Inc. (a)
|
28
|
2,959
|
||||||
|
Intuit, Inc.
|
14
|
6,386
|
||||||
|
Jack Henry & Associates, Inc.
|
4
|
831
|
||||||
|
Microsoft Corp.
|
366
|
102,751
|
||||||
|
MSCI, Inc.
|
4
|
1,925
|
||||||
|
Oracle Corp.
|
77
|
5,994
|
||||||
|
Paychex, Inc.
|
16
|
2,052
|
||||||
|
Paycom Software, Inc. (a)
|
2
|
661
|
||||||
|
PTC, Inc. (a)
|
5
|
617
|
||||||
|
Roper Technologies, Inc.
|
5
|
2,183
|
||||||
|
salesforce.com, Inc. (a)
|
49
|
9,017
|
||||||
|
ServiceNow, Inc. (a)
|
10
|
4,467
|
||||||
|
Synopsys, Inc. (a)
|
7
|
2,573
|
||||||
|
Take-Two Interactive Software, Inc. (a)
|
8
|
1,062
|
||||||
|
Tyler Technologies, Inc. (a)
|
2
|
798
|
||||||
|
170,288
|
||||||||
|
Telecommunications - 1.9%
|
||||||||
|
Arista Networks, Inc. (a)
|
11
|
1,283
|
||||||
|
AT&T, Inc.
|
350
|
6,573
|
||||||
|
Cisco Systems, Inc.
|
203
|
9,210
|
||||||
|
Corning, Inc.
|
37
|
1,360
|
||||||
|
Juniper Networks, Inc.
|
16
|
448
|
||||||
|
Lumen Technologies, Inc.
|
46
|
501
|
||||||
|
Motorola Solutions, Inc.
|
8
|
1,909
|
||||||
|
T-Mobile US, Inc. (a)
|
29
|
4,149
|
||||||
|
Verizon Communications, Inc.
|
206
|
9,515
|
||||||
|
34,948
|
||||||||
|
Toys/Games/Hobbies - 0.0% (b)
|
||||||||
|
Hasbro, Inc.
|
6
|
472
|
||||||
|
Transportation - 1.4%
|
||||||||
|
CH Robinson Worldwide, Inc.
|
6
|
664
|
||||||
|
CSX Corp.
|
106
|
3,427
|
||||||
|
Expeditors International of Washington, Inc.
|
8
|
850
|
||||||
|
FedEx Corp.
|
12
|
2,797
|
||||||
|
JB Hunt Trasport Services, Inc.
|
4
|
733
|
||||||
|
Norfolk Southern Corp.
|
12
|
3,014
|
||||||
|
Old Dominion Freight Line, Inc.
|
4
|
1,214
|
||||||
|
Union Pacific Corp.
|
31
|
7,047
|
||||||
|
United Parcel Service, Inc. - Class B
|
36
|
7,016
|
||||||
|
26,762
|
||||||||
|
Water - 0.1%
|
||||||||
|
American Water Works Co., Inc.
|
9
|
1,399
|
||||||
|
TOTAL COMMON STOCKS (Cost $1,837,574)
|
1,655,696
|
|||||||
|
REAL ESTATE INVESTMENT TRUSTS - 2.6%
|
||||||||
|
Alexandria Real Estate Equities, Inc.
|
7
|
1,160
|
||||||
|
American Tower Corp.
|
23
|
6,229
|
||||||
|
AvalonBay Communities, Inc.
|
7
|
1,498
|
||||||
|
Boston Properties, Inc.
|
7
|
638
|
||||||
|
Camden Property Trust
|
5
|
706
|
||||||
|
Crown Castle International Corp.
|
21
|
3,794
|
||||||
|
Digital Realty Trust, Inc.
|
14
|
1,854
|
||||||
|
Duke Realty Corp.
|
19
|
1,189
|
||||||
|
Equinix, Inc.
|
4
|
2,815
|
||||||
|
Equity Residential
|
17
|
1,333
|
||||||
|
Essex Property Trust, Inc.
|
3
|
860
|
||||||
|
Extra Space Storage, Inc.
|
7
|
1,327
|
||||||
|
Federal Realty OP LP
|
3
|
317
|
||||||
|
Healthpeak Properties, Inc.
|
26
|
718
|
||||||
|
Host Hotels & Resorts, Inc.
|
35
|
623
|
||||||
|
Iron Mountain, Inc.
|
14
|
679
|
||||||
|
Kimco Realty Corp.
|
30
|
663
|
||||||
|
Mid-America Apartment Communities, Inc.
|
6
|
1,114
|
||||||
|
Prologis, Inc.
|
36
|
4,772
|
||||||
|
Public Storage
|
7
|
2,285
|
||||||
|
Realty Income Corp.
|
29
|
2,146
|
||||||
|
Regency Centers Corp.
|
8
|
515
|
||||||
|
SBA Communications Corp.
|
5
|
1,679
|
||||||
|
Simon Property Group, Inc.
|
16
|
1,738
|
||||||
|
UDR, Inc.
|
15
|
726
|
||||||
|
Ventas, Inc.
|
20
|
1,076
|
||||||
|
VICI Properties, Inc.
|
47
|
1,607
|
||||||
|
Vornado Realty Trust
|
8
|
243
|
||||||
|
Welltower, Inc.
|
22
|
1,899
|
||||||
|
Weyerhaeuser Co.
|
36
|
1,308
|
||||||
|
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $51,154)
|
47,511
|
|||||||
|
Principal
Amount
|
||||||||
|
SHORT-TERM INVESTMENTS - 2.5%
|
||||||||
|
MONEY MARKET DEPOSIT ACCOUNTS - 2.5%
|
||||||||
|
U.S. Bank Money Market Deposit Account 1.600% (c)
|
$
|
45,348
|
45,348
|
|||||
|
TOTAL SHORT-TERM INVESTMENTS (Cost $45,348)
|
45,348
|
|||||||
|
Total Investments (Cost $1,934,076) - 94.8%
|
1,748,555
|
|||||||
|
Other Assets in Excess of Liabilities - 5.2%
|
96,392
|
|||||||
|
TOTAL NET ASSETS - 100.0%
|
$
|
1,844,947
|
||||||
|
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 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.
|
|||||
|
Schedule of Open Futures Contracts
July 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
|
$
|
65,650
|
$
|
2,986
|
||||||
|
4
|
Long
|
S&P 500 Annual Dividend Futures Index (a)
|
12/15/2023
|
62,600
|
(2,189
|
)
|
|||||||
|
4
|
Long
|
S&P 500 Annual Dividend Futures Index (a)
|
12/20/2024
|
60,400
|
(6,464
|
)
|
|||||||
|
$
|
(5,667
|
)
|
|||||||||||
|
(a) Exchange traded.
|
|||||||||||||
|
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
|
$ 1,655,696
|
$ -
|
$ -
|
$ -
|
$ 1,655,696
|
|
Real Estate Investment Trusts
|
47,511
|
47,511
|
|||
|
Short-Term Investments
|
45,348
|
45,348
|
|||
|
Total Investments in Securities
|
$ 1,748,555
|
$ -
|
$ -
|
$ -
|
$ 1,748,555
|
|
Other Financial Instruments (a)
|
|||||
|
Futures Contracts
|
$ (5,667)
|
$ -
|
$ -
|
$ -
|
$ (5,667)
|
|
^ See the Schedules of Investments for industry categories.
|
|||||
|
(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/(depreciation) on the
instrument.
|
|||||