Pacer Trendpilot® International ETF
Schedule of Investments
July 31, 2026 (Unaudited)

COMMON STOCKS - 99.1%

Shares  

Value  
Australia - 5.3%

ANZ Group Holdings Ltd.

            23,211

    $        609,363
Aristocrat Leisure Ltd.

            4,740

             213,760
BHP Group Ltd.

            39,227

             1,664,683
Brambles Ltd.

            10,471

             144,338
Cochlear Ltd.

            500

             42,198
Coles Group Ltd.

            10,311

             174,781
Commonwealth Bank of Australia

            12,919

             1,613,830
Computershare Ltd.

            4,158

             119,781
CSL Ltd.

            3,683

             318,915
Fortescue Ltd.

            12,776

             166,402
Insurance Australia Group Ltd.

            18,173

             108,565
Macquarie Group Ltd.

            2,724

             485,109
National Australia Bank Ltd.

            23,681

             688,688
Northern Star Resources Ltd.

            10,995

             153,959
Origin Energy Ltd.

            13,236

             100,213
Pro Medicus Ltd.

            427

             48,737
QBE Insurance Group Ltd.

            11,602

             201,890
REA Group Ltd.

            389

             43,990
Rio Tinto Ltd.

            2,854

             342,542
Santos Ltd.

            24,952

             137,651
Sigma Healthcare Ltd.

            44,342

             91,732
Suncorp Group Ltd.

            8,320

             112,345
Telstra Group Ltd.

            30,446

             107,545
Transurban Group

            23,929

             249,366
Wesfarmers Ltd.

            8,742

             549,681
Westpac Banking Corp.

            26,338

             701,835
WiseTech Global Ltd.

            1,627

             41,558
Woodside Energy Group Ltd.

            14,605

             338,621
Woolworths Group Ltd.

            9,388

             262,715




             9,834,793






Austria - 0.3%

Erste Group Bank AG

            2,462

             320,245
OMV AG

            1,106

             80,541
Raiffeisen Bank International AG

            989

             67,744
Strabag SE

            128

             12,369
Verbund AG - Class A

            642

             44,086




             524,985






Belgium - 0.9%

Anheuser-Busch InBev SA

            7,631

             661,736
Argenx SE (a)

            475

             408,071
KBC Groep NV

            1,926

             276,844
UCB SA

            923

             237,245




             1,583,896






Canada - 10.1%

Agnico Eagle Mines Ltd.

            3,896

             565,620
Alimentation Couche-Tard, Inc.

            5,683

             368,948
Bank of Montreal

            5,402

             969,034
Bank of Nova Scotia

            9,415

             825,882
Barrick Mining Corp.

            12,902

             473,523


BCE, Inc.

            2,367

             51,347
Brookfield Corp.

            16,365

             695,529
Cameco Corp.

            3,354

             289,451
Canadian Imperial Bank of Commerce

            7,095

             840,357
Canadian National Railway Co.

            4,139

             526,288
Canadian Natural Resources Ltd.

            16,103

             767,099
Canadian Pacific Kansas City Ltd.

            6,857

             609,076
Cenovus Energy, Inc.

            10,377

             312,898
Constellation Software, Inc.

            153

             327,751
Dollarama, Inc.

            2,065

             281,309
Enbridge, Inc.

            16,815

             914,968
Fairfax Financial Holdings Ltd.

            152

             254,542
Franco-Nevada Corp.

            1,489

             316,781
Great-West Lifeco, Inc.

            2,039

             135,182
Imperial Oil Ltd.

            1,161

             150,524
Intact Financial Corp.

            1,340

             263,106
Loblaw Cos. Ltd.

            4,282

             201,019
Manulife Financial Corp.

            12,733

             565,507
National Bank of Canada

            2,949

             477,002
Nutrien Ltd.

            3,647

             251,727
Royal Bank of Canada

            10,763

             2,252,717
Shopify, Inc. - Class A (a)

            9,375

             1,097,969
Sun Life Financial, Inc.

            4,206

             348,967
Suncor Energy, Inc.

            9,085

             610,095
TC Energy Corp.

            7,980

             537,370
TELUS Corp.

            3,925

             37,462
Thomson Reuters Corp.

            1,014

             99,472
Toronto-Dominion Bank

            12,902

             1,546,565
Waste Connections, Inc.

            1,966

             329,347
Wheaton Precious Metals Corp.

            3,497

             380,371




             18,674,805






China - 0.0% (b)

Minimax Group, Inc. (a)

            125

             3,676
Z AI Co. Ltd. (a)

            485

             61,070




             64,746






Denmark - 1.2%

AP Moller - Maersk AS - Class A

            21

             54,752
AP Moller - Maersk AS - Class B

            35

             93,979
Coloplast AS - Class B

            921

             61,012
Danske Bank AS

            5,070

             291,904
DSV AS

            1,519

             329,367
Novo Nordisk AS

            24,546

             1,160,652
Novonesis Novozymes B

            2,648

             172,394




             2,164,060






Finland - 0.9%

Amer Sports, Inc. (a)

            1,195

             42,435
Fortum Oyj

            3,381

             76,904
Kone Oyj - Class B

            3,000

             173,318
Nokia OYJ

            41,564

             381,423
Nordea Bank Abp

            26,111

             527,309
Sampo Oyj - Class A

            19,293

             214,112
UPM-Kymmene Oyj

            4,056

             110,007
Wartsila OYJ Abp

            3,729

             126,165




             1,651,673








France - 6.6%

Air Liquide SA

            4,881

             960,902
AXA SA

            12,637

             654,882
BNP Paribas SA

            7,654

             967,882
Christian Dior SE

            29

             14,500
Cie de Saint-Gobain SA

            3,510

             328,985
Credit Agricole SA

            8,601

             191,174
Danone SA

            4,985

             388,136
Dassault Systemes SE

            5,065

             117,106
Engie SA

            14,292

             446,795
EssilorLuxottica SA

            2,230

             421,859
Hermes International SCA

            268

             473,301
L'Oreal SA

            1,772

             790,686
LVMH Moet Hennessy Louis Vuitton SE

            1,955

             1,071,182
Safran SA

            2,609

             1,018,099
Sanofi SA

            8,198

             704,004
Schneider Electric SE

            4,188

             1,398,592
Thales SA

            702

             199,059
TotalEnergies SE

            16,165

             1,424,520
Vinci SA

            3,863

             545,913




             12,117,577






Germany - 6.3%

Allianz SE

            2,937

             1,464,791
BASF SE

            6,873

             399,450
Bayerische Motoren Werke AG

            2,409

             164,732
Commerzbank AG

            7,660

             332,744
Daimler AG

            5,449

             293,629
Deutsche Bank AG

            14,593

             536,390
Deutsche Boerse AG

            1,425

             431,021
Deutsche Post AG

            7,088

             472,103
Deutsche Telekom AG

            26,173

             807,654
E.ON SE

            17,128

             369,643
Hannover Rueck SE

            466

             134,664
Infineon Technologies AG

            10,081

             716,908
Merck KGaA

            974

             160,782
Muenchener Rueckversicherungs-Gesellschaft AG

            973

             585,916
Rheinmetall AG

            357

             469,309
SAP SE

            7,852

             1,427,719
Siemens AG

            5,540

             1,805,695
Siemens Energy AG

            5,570

             947,014
Siemens Healthineers AG (c)

            2,255

             95,849
Volkswagen AG

            228

             19,942




             11,635,955






Hong Kong - 1.7%

AIA Group Ltd.

            80,093

             809,366
BOC Hong Kong Holdings Ltd.

            27,588

             183,629
Budweiser Brewing Co. APAC Ltd. (c)

            12,199

             10,235
Chow Tai Fook Jewellery Group Ltd.

            16,657

             26,273
CK Asset Holdings Ltd.

            15,040

             91,747
CK Hutchison Holdings Ltd.

            20,870

             195,863
CK Infrastructure Holdings Ltd.

            4,641

             37,046
CLP Holdings Ltd.

            12,214

             121,635
Futu Holdings Ltd. - ADR

            466

             48,986
Galaxy Entertainment Group Ltd.

            15,786

             68,841
Henderson Land Development Co. Ltd.

            10,402

             37,669
Hong Kong & China Gas Co. Ltd.

            83,050

             74,447
Hong Kong Exchanges & Clearing Ltd.

            9,177

             478,135


Jardine Matheson Holdings Ltd.

            1,593

             105,791
MTR Corp. Ltd.

            12,420

             52,452
Power Assets Holdings Ltd.

            10,469

             78,827
Prudential PLC

            19,305

             290,363
Sun Hung Kai Properties Ltd.

            11,790

             185,215
Techtronic Industries Co. Ltd.

            10,962

             184,508
Zijin Gold International Co. Ltd.

            1,438

             21,673




             3,102,701






Ireland - 0.5%

AIB Group PLC

            16,416

             194,128
Experian PLC

            6,924

             260,357
James Hardie Industries PLC (a)

            4,452

             116,566
Kerry Group PLC - Class A

            1,244

             118,778
Kingspan Group PLC

            1,169

             108,179
Ryanair Holdings PLC

            4,044

             113,133




             911,141






Israel - 1.1%

Azrieli Group Ltd.

            283

             37,471
Bank Hapoalim BM

            10,113

             245,935
Bank Leumi Le-Israel BM

            11,436

             270,850
Bezeq The Israeli Telecommunication Corp. Ltd.

            21,305

             51,037
Camtek Ltd. (a)

            219

             30,530
Cellebrite DI Ltd. (a)(d)

            916

             13,511
Check Point Software Technologies Ltd. (a)

            643

             81,745
Elbit Systems Ltd.

            207

             166,724
Etoro Group Ltd. - Class A (a)

            247

             8,810
First International Bank Of Israel Ltd.

            401

             31,015
Global-e Online Ltd. (a)

            836

             32,863
Harel Insurance Investments & Financial Services Ltd.

            858

             49,321
ICL Group Ltd.

            5,555

             28,443
Israel Discount Bank Ltd. - Class A

            9,402

             98,311
Melisron Ltd.

            186

             24,451
Menora Mivtachim Holdings Ltd.

            165

             25,858
Mizrahi Tefahot Bank Ltd.

            1,181

             87,981
Monday.com Ltd. (a)

            317

             27,627
Nice Ltd. (a)

            477

             46,428
Nova Ltd. (a)

            237

             95,017
Phoenix Financial Ltd.

            1,760

             99,041
Teva Pharmaceutical Industries Ltd. - ADR (a)(d)

            8,811

             308,473
Tower Semiconductor Ltd. (a)

            862

             190,929
Wix.com Ltd. (a)(d)

            429

             23,608




             2,075,979






Italy - 2.6%

Banca Monte dei Paschi di Siena SpA

            16,731

             223,185
Bending Spoons SpA (a)

            450

             15,840
Enel SpA

            59,515

             672,503
Eni SpA

            15,308

             423,305
Ferrari NV

            933

             365,910
Generali

            8,022

             406,932
Intesa Sanpaolo SpA

            118,447

             893,143
Leonardo SpA

            3,067

             194,943
Poste Italiane SpA

            3,512

             106,147
Prysmian SpA

            2,280

             316,028
UniCredit SpA

            11,615

             1,093,071




             4,711,007








Japan - 21.3%

Advantest Corp.

            5,637

             1,151,457
Aeon Co. Ltd.

            21,387

             183,350
Aisin Corp.

            4,316

             60,316
Ajinomoto Co., Inc.

            7,108

             221,811
Asahi Group Holdings Ltd.

            11,688

             122,423
Asahi Kasei Corp.

            10,496

             113,632
Asics Corp.

            5,644

             168,641
Astellas Pharma, Inc.

            13,902

             192,403
Bandai Namco Holdings, Inc.

            4,997

             144,755
Bridgestone Corp.

            9,000

             224,286
Canon, Inc.

            6,970

             193,980
Capcom Co. Ltd.

            2,621

             65,301
Central Japan Railway Co.

            7,439

             186,460
Chugai Pharmaceutical Co. Ltd.

            4,902

             213,574
Daiichi Life Group, Inc.

            28,431

             342,823
Daiichi Sankyo Co. Ltd.

            14,555

             234,876
Daikin Industries Ltd.

            2,254

             330,014
Daiwa House Industry Co. Ltd.

            4,665

             137,160
Daiwa Securities Group, Inc.

            10,731

             121,875
Denso Corp.

            14,986

             185,318
Disco Corp.

            726

             266,846
East Japan Railway Co.

            8,715

             201,353
Eisai Co. Ltd.

            2,242

             68,033
ENEOS Holdings, Inc.

            20,800

             173,546
FANUC Corp.

            7,100

             318,397
Fast Retailing Co. Ltd.

            1,617

             794,653
FUJIFILM Holdings Corp.

            9,558

             226,597
Fujikura Ltd.

            12,684

             332,596
Fujitsu Ltd.

            13,368

             307,429
Hitachi Ltd.

            34,920

             1,155,989
Honda Motor Co. Ltd.

            29,861

             305,076
Hoya Corp.

            2,580

             400,123
IHI Corp.

            8,319

             147,839
Inpex Corp.

            7,064

             161,033
Isuzu Motors Ltd.

            4,279

             64,613
ITOCHU Corp.

            54,324

             687,650
Japan Exchange Group, Inc.

            7,927

             109,236
Japan Post Bank Co. Ltd.

            13,737

             268,601
Japan Post Holdings Co. Ltd.

            12,476

             186,781
Japan Tobacco, Inc.

            8,452

             379,027
Kajima Corp.

            3,436

             116,250
Kansai Electric Power Co., Inc.

            7,883

             120,917
Kao Corp.

            7,164

             147,148
Kawasaki Kisen Kaisha Ltd.

            4,911

             87,969
KDDI Corp.

            21,557

             395,764
Keyence Corp.

            1,536

             783,422
Kirin Holdings Co. Ltd.

            6,251

             116,019
Komatsu Ltd.

            7,306

             321,160
Konami Group Corp.

            797

             103,391
Kubota Corp.

            7,784

             134,320
Kyocera Corp.

            10,795

             250,428
Kyowa Kirin Co. Ltd.

            1,818

             29,189
Lasertec Corp.

            616

             146,774
LY Corp.

            19,035

             53,454
Marubeni Corp.

            12,761

             417,146
Mitsubishi Corp.

            28,422

             853,169
Mitsubishi Electric Corp.

            16,277

             604,818


Mitsubishi Estate Co. Ltd.

            9,610

             235,139
Mitsubishi HC Capital, Inc.

            7,439

             68,871
Mitsubishi Heavy Industries Ltd.

            26,044

             616,132
Mitsubishi UFJ Financial Group, Inc.

            91,386

             2,051,095
Mitsui & Co. Ltd.

            22,117

             686,287
Mitsui Fudosan Co. Ltd.

            21,376

             209,588
Mitsui OSK Lines Ltd.

            2,791

             103,392
Mizuho Financial Group, Inc.

            18,712

             960,503
MS&AD Insurance Group Holdings, Inc.

            9,249

             286,239
Murata Manufacturing Co. Ltd.

            14,178

             660,847
NEC Corp.

            10,484

             312,336
Nexon Co. Ltd.

            3,107

             48,839
NIDEC CORP (a)

            8,065

             131,337
Nintendo Co. Ltd.

            8,818

             425,590
Nippon Paint Holdings Co. Ltd.

            8,201

             62,369
Nippon Steel Corp.

            41,284

             168,556
Nippon Yusen KK

            3,336

             128,110
Nitori Holdings Co. Ltd.

            3,342

             53,321
Nitto Denko Corp.

            5,214

             108,963
Nomura Holdings, Inc.

            22,602

             215,927
Nomura Research Institute Ltd.

            3,334

             98,194
NTT, Inc.

            229,558

             219,884
Obayashi Corp.

            5,053

             100,485
Obic Co. Ltd.

            2,526

             71,840
Olympus Corp.

            8,753

             100,125
Oracle Corp. Japan

            259

             14,459
Oriental Land Co. Ltd.

            9,270

             184,520
ORIX Corp.

            8,610

             346,878
Osaka Gas Co. Ltd.

            3,059

             106,033
Otsuka Holdings Co. Ltd.

            3,965

             276,619
Pan Pacific International Holdings Corp.

            20,503

             116,262
Panasonic Holdings Corp.

            18,858

             507,763
Rakuten Group, Inc. (a)

            11,657

             61,075
Recruit Holdings Co. Ltd.

            11,279

             889,673
Renesas Electronics Corp.

            14,373

             310,938
Resona Holdings, Inc.

            17,725

             244,143
Ryohin Keikaku Co. Ltd.

            4,315

             113,282
Sanrio Co. Ltd.

            8,145

             65,143
SBI Holdings, Inc.

            4,161

             79,451
Secom Co. Ltd.

            3,157

             136,554
Sekisui House Ltd.

            5,100

             111,805
Seven & i Holdings Co. Ltd.

            18,408

             244,005
Shimano, Inc.

            614

             77,664
Shin-Etsu Chemical Co. Ltd.

            15,285

             557,198
Shionogi & Co. Ltd.

            6,153

             112,479
SMC Corp.

            459

             203,327
SoftBank Corp.

            220,825

             310,061
SoftBank Group Corp.

            29,917

             989,054
Sompo Holdings, Inc.

            7,180

             320,991
Sony Group Corp.

            47,356

             1,127,162
Subaru Corp.

            4,451

             75,967
Sumitomo Corp.

            37,228

             390,753
Sumitomo Electric Industries Ltd.

            24,404

             334,988
Sumitomo Mitsui Financial Group, Inc.

            29,401

             1,259,158
Sumitomo Mitsui Trust Group, Inc.

            21,680

             225,378
Sumitomo Realty & Development Co. Ltd.

            7,196

             162,956
Suntory Beverage & Food Ltd.

            976

             28,218
Suzuki Motor Corp.

            15,096

             197,921
T&D Holdings, Inc.

            3,890

             124,398
Taiyo Nippon Sanso Corp.

            1,631

             59,262


Takeda Pharmaceutical Co. Ltd.

            12,223

             423,528
TDK Corp.

            14,934

             282,339
Terumo Corp.

            11,377

             166,180
Tokio Marine Holdings, Inc.

            14,930

             761,397
Tokyo Electron Ltd.

            3,602

             1,256,472
Tokyo Gas Co. Ltd.

            2,207

             86,266
Toyota Motor Corp.

            91,451

             1,762,862
Toyota Tsusho Corp.

            5,470

             231,101
Unicharm Corp.

            9,875

             62,469




             39,353,332






Macao - 0.0% (b)

Sands China Ltd.

            16,773

             31,483






Netherlands - 4.6%

Adyen NV (a)(c)

            240

             242,687
Airbus Group SE

            4,760

             1,109,874
ASML Holding NV

            2,990

             4,945,004
Ferrovial SE

            3,757

             245,819
Heineken NV

            2,125

             192,458
ING Groep NV

            21,139

             742,019
Koninklijke Ahold Delhaize NV

            6,894

             273,156
Prosus NV

            10,259

             472,793
Stellantis NV (a)

            15,577

             89,130
Universal Music Group NV

            8,033

             133,715
Wolters Kluwer NV

            1,790

             140,114




             8,586,769






New Zealand - 0.2%

Auckland International Airport Ltd.

            13,022

             66,811
Fisher & Paykel Healthcare Corp. Ltd.

            4,512

             108,145
Infratil Ltd.

            7,663

             66,715
Mercury NZ Ltd.

            5,337

             21,063
Meridian Energy Ltd.

            9,936

             33,361
Xero Ltd. (a)

            1,274

             62,752




             358,847






Norway - 0.6%

Aker BP ASA

            2,332

             82,306
DNB Bank ASA

            6,473

             208,311
Equinor ASA

            6,485

             264,395
Gjensidige Forsikring ASA

            1,462

             43,532
Kongsberg Gruppen ASA

            3,382

             105,698
Mowi ASA

            3,445

             73,644
Norsk Hydro ASA

            10,033

             91,739
Orkla ASA

            5,782

             64,302
Telenor ASA

            4,837

             68,287
Var Energi ASA

            7,102

             35,370
Vend Marketplaces ASA

            1,430

             36,061
Yara International ASA

            1,254

             59,104




             1,132,749






Portugal - 0.1%

EDP SA

            23,144

             119,297
Galp Energia SGPS SA

            3,206

             72,794
Jeronimo Martins SGPS SA

            2,128

             42,600




             234,691








Singapore - 1.5%

DBS Group Holdings Ltd.

            15,468

             892,776
Grab Holdings Ltd. - Class A (a)

            21,932

             76,762
Oversea-Chinese Banking Corp. Ltd.

            29,464

             669,255
Sea Ltd. - ADR (a)

            2,953

             315,203
Singapore Airlines Ltd.

            11,068

             66,454
Singapore Technologies Engineering Ltd.

            11,756

             92,402
Singapore Telecommunications Ltd.

            54,550

             188,859
United Overseas Bank Ltd.

            11,029

             373,238
Wilmar International Ltd.

            20,172

             61,816




             2,736,765






South Korea - 9.0%

Alteogen, Inc.

            330

             71,407
Celltrion, Inc.

            1,269

             166,180
Doosan Enerbility Co. Ltd. (a)

            3,432

             161,526
Ecopro BM Co. Ltd.

            406

             29,474
Hana Financial Group, Inc.

            2,140

             188,228
Hanwha Aerospace Co. Ltd.

            256

             164,657
Hanwha Ocean Co. Ltd. (a)

            1,013

             60,537
HD Hyundai Electric Co. Ltd.

            177

             84,918
HD Hyundai Heavy Industries Co. Ltd.

            252

             85,019
HD Korea Shipbuilding & Offshore Engineering Co. Ltd.

            354

             95,471
HMM Co. Ltd.

            2,395

             35,193
Hyundai Mobis Co. Ltd.

            461

             153,915
Hyundai Motor Co.

            1,034

             281,400
Hyundai Rotem Co. Ltd.

            550

             51,578
Kakao Corp.

            2,347

             61,568
KB Financial Group, Inc.

            2,726

             322,179
Kia Corp.

            1,879

             173,838
Korea Electric Power Corp.

            1,976

             48,232
Korea Zinc Co. Ltd.

            90

             63,064
Krafton, Inc.

            227

             38,691
KT&G Corp.

            767

             96,352
LG Chem Ltd.

            355

             64,242
LG Corp.

            691

             49,001
LG Electronics, Inc.

            803

             91,300
LG Energy Solution Ltd. (a)

            325

             74,770
Meritz Financial Group, Inc. (a)

            582

             50,619
NAVER Corp.

            1,088

             158,732
POSCO Future M Co. Ltd.

            276

             26,657
POSCO Holdings, Inc.

            581

             127,350
Samsung Biologics Co. Ltd. (a)(c)

            96

             99,993
Samsung C&T Corp.

            646

             159,268
Samsung Electronics Co. Ltd.

            37,816

             6,962,685
Samsung Fire & Marine Insurance Co. Ltd.

            257

             113,926
Samsung Heavy Industries Co. Ltd. (a)

            5,545

             83,037
Samsung Life Insurance Co. Ltd.

            815

             178,069
Samsung SDI Co. Ltd. (a)

            473

             131,711
Shinhan Financial Group Co. Ltd.

            3,545

             250,390
SK Hynix, Inc.

            4,116

             4,959,871
SK Innovation Co. Ltd. (a)

            547

             42,396
SK Square Co. Ltd.

            684

             497,995
Woori Financial Group, Inc.

            5,192

             122,362




             16,677,801






Spain - 2.9%

Aena SME SA (c)

            5,648

             173,767
Amadeus IT Holding SA

            3,446

             211,960


Banco Bilbao Vizcaya Argentaria SA

            43,537

             1,214,953
Banco Santander SA

            113,399

             1,610,776
CaixaBank SA

            28,969

             419,741
Iberdrola SA

            48,841

             1,163,029
Industria de Diseno Textil SA

            8,570

             557,768




             5,351,994






Sweden - 2.8%

Alfa Laval AB

            2,224

             131,634
Assa Abloy AB - Class B

            7,620

             282,563
Atlas Copco AB - Class A

            19,203

             405,549
Atlas Copco AB - Class B

            11,995

             221,516
Epiroc AB

            4,810

             123,303
Epiroc AB - Class B (a)

            3,002

             65,764
EQT AB

            2,847

             96,782
Essity AB - Class B

            4,535

             132,018
Evolution AB (a)(c)

            1,116

             85,345
H & M Hennes & Mauritz AB - Class B

            3,686

             67,432
Hexagon AB - Class B

            16,151

             158,793
Industrivarden AB - Class A

            1,038

             59,846
Industrivarden AB - Class C

            1,332

             76,181
Investment AB Latour - Class B

            1,096

             23,089
Investor AB (a)

            13,929

             601,208
L E Lundbergforetagen AB - Class B

            563

             33,790
Saab AB

            2,415

             151,638
Sandvik AB

            8,195

             306,381
Skandinaviska Enskilda Banken AB - Class A

            11,631

             272,752
Skandinaviska Enskilda Banken AB - Class C

            156

             3,719
Spotify Technology SA (a)

            1,197

             598,428
Svenska Handelsbanken AB - Class A

            11,954

             182,846
Svenska Handelsbanken AB - Class B

            274

             6,699
Swedbank AB - Class A

            6,959

             278,442
Telefonaktiebolaget LM Ericsson - Class B

            22,457

             221,264
Volvo AB - Class A

            1,471

             56,416
Volvo AB - Class B

            12,295

             470,382




             5,113,780






Switzerland - 7.4%

ABB Ltd.

            11,794

             1,160,070
Alcon AG

            3,769

             258,182
Cie Financiere Richemont SA

            4,140

             977,582
Givaudan SA

            64

             255,699
Glencore PLC

            72,668

             531,803
Holcim AG

            3,886

             352,526
Lonza Group AG

            541

             376,214
Nestle SA

            19,840

             1,988,049
Novartis AG

            14,102

             2,208,316
Roche Holding AG

            218

             96,697
Roche Holding AG

            5,410

             2,366,227
Schindler Holding AG

            312

             98,256
Schindler Holding AG

            162

             49,595
Sika AG

            1,211

             272,398
STMicroelectronics NV

            4,973

             261,957
Swiss Re AG

            2,301

             383,808
UBS Group AG

            22,975

             1,209,211
Zurich Insurance Group AG

            1,182

             900,335




             13,746,925






United Kingdom - 11.0%



3i Group PLC

            7,783

             300,419
Anglo American PLC

            9,006

             453,112
ARM Holdings PLC - ADR (a)(d)

            1,062

             254,551
AstraZeneca PLC

            11,943

             2,033,262
BAE Systems PLC

            23,173

             653,983
Barclays PLC

            105,341

             722,216
BP PLC

            120,314

             895,893
British American Tobacco PLC

            15,239

             938,600
Coca-Cola Europacific Partners PLC

            1,604

             175,574
Compass Group PLC

            13,098

             415,337
Diageo PLC

            17,189

             378,655
GSK PLC

            31,303

             814,870
Haleon PLC

            67,208

             329,074
HSBC Holdings PLC

            132,320

             2,810,538
Imperial Brands PLC

            5,688

             216,564
Lloyds Banking Group PLC

            450,623

             696,602
London Stock Exchange Group PLC

            3,391

             383,806
National Grid PLC

            38,325

             614,663
NatWest Group PLC

            61,561

             585,592
Reckitt Benckiser Group PLC

            4,916

             347,171
RELX PLC

            13,773

             483,924
Rio Tinto PLC

            8,215

             794,286
Rolls-Royce Holdings PLC

            64,282

             1,271,640
Shell PLC

            43,114

             1,966,040
Standard Chartered PLC

            14,103

             415,879
Tesco PLC

            48,771

             321,753
Unilever PLC

            16,783

             1,072,829
Verisure PLC (a)

            1,749

             21,721




             20,368,554






United States - 0.2%

Brookfield Asset Management Ltd. - Class A

            2,883

             139,456
JFrog Ltd. (a)

            794

             63,353
Restaurant Brands International, Inc.

            2,632

             194,661




             397,470
TOTAL COMMON STOCKS (Cost $139,038,222)

             183,144,478






PREFERRED STOCKS - 0.6%

Shares  

Value  
Germany - 0.1%

Dr Ing hc F Porsche AG, 0.00%

            841

             41,158
Volkswagen AG, 0.00%

            1,555

             133,876





             175,034






South Korea - 0.5%

Hyundai Motor Co.

–

$–
0.00%

            271

             38,207
0.00%

            166

             23,240
0.00%

            19

             2,527
LG Chem Ltd., 0.00%

            61

             5,074
LG Corp., 0.00%

            24

             1,093
LG Electronics, Inc., 0.00%

            133

             5,513
Samsung C&T Corp., 0.00%

            12

             1,776
Samsung Electronics Co. Ltd., 0.00%

            6,146

             823,375
Samsung Fire & Marine Insurance Co. Ltd., 0.00%

            21

             5,641
Samsung SDI Co. Ltd., 0.00% (a)

            12

             1,460





             907,906
TOTAL PREFERRED STOCKS (Cost $477,939)

             1,082,940








REAL ESTATE INVESTMENT TRUSTS - 0.3%

Shares  

Value  
Australia - 0.2%

Goodman Group

            15,530

             325,317
Scentre Group

            40,076

             110,542




             435,859






Singapore - 0.1%

CapitaLand Integrated Commercial Trust

            44,422

             86,250
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $488,676)

             522,109






WARRANTS - 0.0% (b)

Contracts  

Value  
Canada - 0.0% (b)

Constellation Software, Inc., Expires 03/31/2040, Exercise Price $11.50 (a)(e)

            162

             0
TOTAL WARRANTS (Cost $0)

             0






SHORT-TERM INVESTMENTS
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.3%
Units  

Value  
Mount Vernon Liquid Assets Portfolio, LLC, 3.79% (f)

            589,041

             589,041
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $589,041)

             589,041






TOTAL INVESTMENTS - 100.3% (Cost $140,593,878)

             185,338,568
Liabilities in Excess of Other Assets - (0.3)%
2.65656
            (635,411)
TOTAL NET ASSETS - 100.0%




    $        184,703,157


Percentages are stated as a percent of net assets.




ADR - American Depositary Receipt




(a)

Non-income producing security.
(b)

Represents less than 0.05% of net assets.
(c)

Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of July 31, 2026, the value of these securities total $707,876 or 0.4% of the Fund’s net assets.
(d)

All or a portion of this security is on loan as of July 31, 2026. The fair value of these securities was $569,871.
(e)

Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of July 31, 2026.
(f)

The rate shown represents the 7-day annualized yield as of July 31, 2026.






















Summary of Fair Value Disclosure as of July 31, 2026 (Unaudited)

Pacer Trendpilot® International ETF 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 July 31, 2026:



Level 1

Level 2

Level 3

Total
Investments:







  Common Stocks
    $        183,144,478

    $        –

    $        –

    $        183,144,478
  Preferred Stocks
            1,082,940

            –

            –

            1,082,940
  Real Estate Investment Trusts
            522,109

            –

            –

            522,109
  Warrants
            –

            –

            0

            0
  Investments Purchased with Proceeds from Securities Lending (a)
            –

            –

            –

            589,041
Total Investments
    $        184,749,527

    $        –

    $        0

    $        185,338,568




 

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 presented in the table is intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.


Fair Value Measurement Using Significant Unobservable Inputs

Level 3
Beginning balance as of April 30, 2026

    $        0
Ending balance as of July 31, 2026

    $        0


$0
Change in unrealized appreciation/depreciation still held as of July 31, 2026

    $        0


 0



Description

Fair Value as of July 31, 2026

Valuation Technique

Unobservable Inputs

Input Values (Ranges)
Warrants

    $        0

US Line

Delisting

    $        –


    $        0