Pacer US Cash Cows 100 ETF
  
Schedule of Investments
  
January 31, 2026 (Unaudited)
  
   
COMMON STOCKS - 99.8%
  
Shares
    
Value
 
Communication Services - 11.0%
        
AT&T, Inc.
    
13,937,951
    
$
365,313,696
  
Comcast Corp. - Class A
    
12,901,918
      
383,832,060
  
Live Nation Entertainment, Inc. (a)(b)
    
636,028
      
92,510,272
  
Omnicom Group, Inc. (b)
    
1,266,946
      
97,605,520
  
Pinterest, Inc. - Class A (a)
    
2,338,996
      
51,761,981
  
Verizon Communications, Inc.
    
8,451,594
      
376,264,965
  
Versant Media Group, Inc. (a)
    
515,517
      
16,795,544
  
Walt Disney Co.
    
3,349,536
      
377,827,661
  
Warner Bros Discovery, Inc. (a)
    
8,860,942
      
244,030,343
  
             
2,005,942,042
  
                 
Consumer Discretionary - 11.4%
          
Airbnb, Inc. - Class A (a)
    
2,040,551
      
263,986,083
  
Aptiv PLC (a)
    
1,294,174
      
98,033,681
  
Best Buy Co., Inc.
    
1,138,636
      
74,125,204
  
Booking Holdings, Inc.
    
67,878
      
339,514,896
  
Carnival Corp. (a)(b)
    
6,296,670
      
189,026,033
  
DR Horton, Inc. (b)
    
1,157,186
      
172,235,564
  
eBay, Inc.
    
1,187,028
      
108,280,694
  
Expedia Group, Inc. (b)
    
636,169
      
168,482,998
  
Ford Motor Co. (b)
    
27,068,774
      
375,714,583
  
Lululemon Athletica, Inc. (a)
    
342,960
      
59,846,520
  
NVR, Inc. (a)
    
9,637
      
73,585,530
  
PulteGroup, Inc. (b)
    
701,826
      
87,791,414
  
Williams-Sonoma, Inc. (b)
    
343,528
      
70,303,005
  
             
2,080,926,205
  
                 
Consumer Staples - 10.8%
          
Altria Group, Inc. (b)
    
6,075,976
      
376,649,752
  
Archer-Daniels-Midland Co. (b)
    
4,455,217
      
299,880,656
  
Church & Dwight Co., Inc. (b)
    
674,905
      
64,959,606
  
Colgate-Palmolive Co.
    
2,465,281
      
222,590,222
  
Constellation Brands, Inc. - Class A (b)
    
724,065
      
113,460,986
  
Dollar General Corp.
    
985,706
      
141,379,812
  
Dollar Tree, Inc. (a)
    
731,980
      
86,073,528
  
General Mills, Inc.
    
2,546,040
      
117,779,810
  
Hershey Co.
    
563,551
      
109,751,557
  
Target Corp. (b)
    
1,824,550
      
192,435,289
  
The Kraft Heinz Co. (b)
    
8,339,206
      
197,972,750
  
US Foods Holding Corp. (a)
    
725,499
      
60,666,226
  
             
1,983,600,194
  
                 
Energy - 17.8%
          
Chevron Corp.
    
2,351,405
      
415,963,544
  
ConocoPhillips (b)
    
3,764,598
      
392,384,049
  
Coterra Energy, Inc.
    
2,948,714
      
85,070,399
  
Devon Energy Corp.
    
4,293,589
      
172,645,214
  
Diamondback Energy, Inc. (b)
    
1,847,967
      
302,974,190
  
EOG Resources, Inc. (b)
    
1,932,140
      
216,650,858
  
EQT Corp.
    
2,280,561
      
131,656,786
  
Exxon Mobil Corp.
    
3,026,489
      
427,945,545
  
Halliburton Co.
    
3,674,079
      
123,155,128
  
Marathon Petroleum Corp. (b)
    
1,254,572
      
221,043,041
  
Occidental Petroleum Corp.
    
5,005,076
      
227,180,400
  
SLB Ltd.
    
5,613,307
      
271,571,793
  
TechnipFMC PLC
    
1,867,739
      
104,070,417
  
Valero Energy Corp. (b)
    
904,340
      
164,074,406
  
             
3,256,385,770
  
                 
Health Care - 22.1%
          
Amgen, Inc.
    
1,068,140
      
365,175,703
  
Biogen, Inc. (a)
    
695,986
      
125,200,922
  
Bristol-Myers Squibb Co.
    
6,763,258
      
372,317,353
  
Cardinal Health, Inc.
    
1,251,727
      
268,971,098
  
Cencora, Inc.
    
527,870
      
189,621,461
  
DexCom, Inc. (a)
    
904,479
      
66,063,146
  
Gilead Sciences, Inc.
    
2,906,703
      
412,606,491
  
HCA Healthcare, Inc.
    
724,702
      
353,850,246
  
Illumina, Inc. (a)(b)
    
429,477
      
62,192,564
  
Incyte Corp. (a)
    
637,725
      
63,817,141
  
Labcorp Holdings, Inc.
    
298,195
      
80,965,906
  
McKesson Corp.
    
414,953
      
344,913,083
  
Merck & Co., Inc. (b)
    
3,536,958
      
390,020,359
  
Pfizer, Inc.
    
13,536,326
      
357,900,459
  
Quest Diagnostics, Inc.
    
425,794
      
79,636,252
  
Regeneron Pharmaceuticals, Inc.
    
302,012
      
223,926,797
  
ResMed, Inc. (b)
    
382,005
      
98,675,712
  
Tenet Healthcare Corp. (a)(b)
    
399,037
      
75,529,723
  
United Therapeutics Corp. (a)
    
127,428
      
59,826,172
  
Zimmer Biomet Holdings, Inc. (b)
    
669,139
      
58,261,933
  
             
4,049,472,521
  
                 
Industrials - 10.0%
          
Copart, Inc. (a)(b)
    
2,036,498
      
82,641,089
  
Delta Air Lines, Inc. (b)
    
2,560,918
      
168,738,887
  
Expeditors International of Washington, Inc. (b)
    
341,856
      
54,881,562
  
Fortive Corp.
    
1,149,660
      
60,713,545
  
General Dynamics Corp.
    
797,498
      
279,993,573
  
Leidos Holdings, Inc.
    
413,913
      
77,931,540
  
PACCAR, Inc.
    
1,618,283
      
198,903,163
  
Snap-On, Inc.
    
164,964
      
60,394,970
  
SS&C Technologies Holdings, Inc.
    
798,152
      
65,360,667
  
Uber Technologies, Inc. (a)
    
3,858,343
      
308,860,357
  
United Airlines Holdings, Inc. (a)
    
1,976,052
      
202,189,641
  
United Parcel Service, Inc. - Class B
    
2,590,257
      
275,137,098
  
             
1,835,746,092
  
                 
Information Technology - 13.1%
          
Accenture PLC - Class A
    
1,321,752
      
348,466,697
  
Adobe, Inc. (a)
    
1,017,552
      
298,397,124
  
Cognizant Technology Solutions Corp. - Class A
    
1,835,847
      
150,649,605
  
Flex Ltd. (a)
    
1,064,461
      
67,103,621
  
Gartner, Inc. (a)
    
295,212
      
61,879,387
  
Gen Digital, Inc.
    
2,676,584
      
64,211,250
  
GlobalFoundries, Inc. (a)(b)
    
1,526,614
      
64,423,111
  
GoDaddy, Inc. - Class A (a)
    
667,809
      
67,128,161
  
HP, Inc.
    
6,120,099
      
118,974,725
  
Jabil, Inc.
    
297,203
      
70,493,580
  
NetApp, Inc.
    
797,219
      
76,812,051
  
ON Semiconductor Corp. (a)
    
1,393,963
      
83,484,444
  
Qnity Electronics, Inc.
    
589,000
      
56,650,020
  
QUALCOMM, Inc.
    
2,015,679
      
305,556,780
  
salesforce.com, Inc.
    
1,352,270
      
287,073,398
  
Twilio, Inc. - Class A (a)
    
345,130
      
41,574,360
  
Workday, Inc. - Class A (a)
    
655,607
      
115,144,257
  
Zoom Communications, Inc. - Class A (a)
    
1,273,634
      
117,301,691
  
             
2,395,324,262
  
                 
Materials - 3.6%
          
Corteva, Inc. (b)
    
2,247,848
      
163,643,334
  
DuPont de Nemours, Inc.
    
1,739,032
      
76,378,286
  
Newmont Goldcorp Corp.
    
3,812,657
      
428,352,014
  
             
668,373,634
  
TOTAL COMMON STOCKS (Cost $16,832,289,913)
      
18,275,770,720
  
                 
SHORT-TERM INVESTMENTS
  
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 1.4%
  
Units
    
Value
 
Mount Vernon Liquid Assets Portfolio, LLC, 3.77% (c)
    
252,825,870
      
252,825,870
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $252,825,870)
      
252,825,870
  
                 
TOTAL INVESTMENTS - 101.2% (Cost $17,085,115,783)
      
18,528,596,590
  
Liabilities in Excess of Other Assets - (1.2)%
      
(213,447,776
)
TOTAL NET ASSETS - 100.0%
          
$
18,315,148,814
  
                 
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

(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 $247,393,051.
(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 US Cash Cows 100 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
  
$
18,275,770,720
    
$
–
    
$
–
    
$
18,275,770,720
  
  Investments Purchased with Proceeds from Securities Lending(a)
    
–
      
–
      
–
      
252,825,870
  
Total Investments
  
$
18,275,770,720
    
$
–
    
$
–
    
$
18,528,596,590
  
   
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 $252,825,870 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.