# EDGAR Filing Document

**Accession Number:** 0001616668
**File Stem:** 0001145549-23-018669
**Filing Date:** 2023-3
**Character Count:** 53962
**Document Hash:** 19bfef6f99b8dd9567dc4b5692cda8b9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-018669.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001145549-23-018669

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pacer Funds Trust
- **CENTRAL INDEX KEY:** 0001616668
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23024
- **FILM NUMBER:** 23767995

**BUSINESS ADDRESS:**
- **STREET 1:** 500 CHESTERFIELD PARKWAY
- **CITY:** MALVERN
- **STATE:** PA
- **ZIP:** 19355
- **BUSINESS PHONE:** 610-644-8100

**MAIL ADDRESS:**
- **STREET 1:** 500 CHESTERFIELD PARKWAY
- **CITY:** MALVERN
- **STATE:** PA
- **ZIP:** 19355

## Series and Classes Contracts Data

### Pacer Global Cash Cows Dividend ETF (Series ID: S000052000)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000163551 | Pacer Global Cash Cows Dividend ETF | GCOW            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Pacer Global Cash Cows Dividend ETF** | | |
| **Schedule of Investments** | | |
| **January 31, 2023 (Unaudited)** | | |
|  |<br><br>**Shares** |<br><br>**Value** |
| **COMMON STOCKS - 97.5%** | | |
| **Australia - 8.3%** | | |
| Aurizon Holdings Ltd. | 626178 | $1630937 |
| BHP Group Ltd. - ADR (a) | 378984 | 26585727 |
| Coles Group Ltd. | 298614 | 3743398 |
| Fortescue Metals Group Ltd. | 1742431 | 27352894 |
| Origin Energy Ltd. | 376695 | 1986202 |
| South32 Ltd. | 2150349 | 6890928 |
| Telstra Corp. Ltd. | 2846815 | 8198461 |
| Woodside Energy Group Ltd. (a) | 978532 | 25422261 |
|  |  | 101810808 |
| **Bermuda - 1.9%** |  |  |
| Man Wah Holdings Ltd. | 942521 | 1086625 |
| Orient Overseas International Ltd. | 1318387 | 21807362 |
|  |  | 22893987 |
| **Britain - 14.0%** |  |  |
| Anglo American PLC | 502399 | 21470863 |
| BP PLC - ADR | 668438 | 24217509 |
| British American Tobacco PLC - ADR | 559390 | 21530921 |
| GSK PLC | 630525 | 22232312 |
| Imperial Brands PLC | 399005 | 9990743 |
| Rio Tinto PLC - ADR (a) | 338603 | 26868148 |
| Tesco PLC | 2269523 | 6880225 |
| Unilever PLC - ADR (a) | 460636 | 23538500 |
| Vodafone Group PLC - ADR | 1371770 | 15885097 |
|  |  | 172614318 |
| **Canada - 2.1%** |  |  |
| Canadian Natural Resources Ltd. | 229746 | 14101954 |
| Suncor Energy, Inc. | 329909 | 11450301 |
|  |  | 25552255 |
| **Cayman Islands - 0.1%** |  |  |
| JS Global Lifestyle Co Ltd. (b) | 801943 | 968531 |
| **Chile - 0.7%** |  |  |
| Antofagasta PLC | 421260 | 8997731 |
| **China - 0.4%** |  |  |
| Lenovo Group Ltd. | 4069859 | 3254372 |
| Want Want China Holdings Ltd. | 3023169 | 1966314 |
|  |  | 5220686 |
| **Denmark - 1.9%** |  |  |
| AP Moller - Maersk A/S - Class B | 10971 | 23753104 |
| **Finland - 0.5%** |  |  |
| Kone Oyj - Class B | 117342 | 6383495 |
| **France - 7.3%** |  |  |
| Cie de Saint-Gobain | 115083 | 6574634 |
| Danone SA | 152463 | 8338856 |
| Engie SA | 896694 | 12692377 |
| Orange SA - ADR (a) | 1179222 | 12499753 |
| Sanofi - ADR | 522767 | 25688771 |
| TotalEnergies SE - ADR | 388252 | 24087154 |
|  |  | 89881545 |
| **Germany - 10.7%** |  |  |
| BASF SE | 399618 | 22764811 |
| Bayer AG | 913970 | 14239653 |
| Bayerische Motoren Werke AG | 263284 | 26685040 |
| Daimler AG | 350310 | 25954108 |
| Deutsche Post AG | 360626 | 15439046 |
| Deutsche Telekom AG | 1030763 | 22916054 |
| Fresenius Medical Care AG & Co KGaA | 173603 | 3251584 |
|  |  | 131250296 |
| **Hong Kong - 2.9%** |  |  |
| CK Hutchison Holdings Ltd. | 1309991 | 8319896 |
| CK Infrastructure Holdings Ltd. | 892503 | 4956990 |
| Jardine Matheson Holdings Ltd. | 69691 | 3695017 |
| Power Assets Holdings Ltd. | 834607 | 4715264 |
| SITC International Holdings Co Ltd. | 3617238 | 7879255 |
| WH Group Ltd. (b) | 3002651 | 1845747 |
| Xinyi Glass Holdings Ltd. | 1827421 | 3882700 |
|  |  | 35294869 |
| **Israel - 0.4%** |  |  |
| ICL Group Ltd. | 637209 | 5021391 |
| **Italy - 2.1%** |  |  |
| Eni SpA - ADR (a) | 647429 | 20005556 |
| Snam SpA | 1108704 | 5633678 |
|  |  | 25639234 |
| **Japan - 11.4%** |  |  |
| Honda Motor Co. Ltd. | 409663 | 10167836 |
| Inpex Corp. | 317334 | 3461870 |
| Isuzu Motors Ltd. | 206318 | 2591556 |
| Japan Tobacco, Inc. | 581897 | 11869063 |
| Marubeni Corp. | 521541 | 6356738 |
| Mitsubishi Corp. | 310695 | 10349737 |
| Mitsui OSK Lines Ltd. (a) | 394061 | 9702804 |
| Nintendo Co. Ltd. - ADR | 1047598 | 11282630 |
| Nippon Yusen KK (a) | 777906 | 18377144 |
| SoftBank Corp. | 1681788 | 19206222 |
| Sumitomo Corp. | 423581 | 7559472 |
| Sumitomo Metal Mining Co. Ltd. | 98416 | 3967942 |
| Takeda Pharmaceutical Co. Ltd. - ADR (a) | 882611 | 13945254 |
| Tokyo Electron Ltd. | 32646 | 11328850 |
|  |  | 140167118 |
| **Netherlands - 1.8%** |  |  |
| Stellantis NV | 1410935 | 22051228 |
| **New Zealand - 0.2%** |  |  |
| Spark New Zealand Ltd. | 633454 | 2131263 |
| **Norway - 0.7%** |  |  |
| Telenor ASA | 874382 | 9140996 |
| **Republic of Korea - 1.0%** |  |  |
| Kia Corp. | 114577 | 6213463 |
| Korea Zinc Co. Ltd. | 3890 | 1708467 |
| LG Uplus Corp. | 128949 | 1163033 |
| S-Oil Corp. | 41732 | 2988117 |
|  |  | 12073080 |
| **Singapore - 0.8%** |  |  |
| Jardine Cycle & Carriage Ltd. | 93825 | 2073891 |
| Singapore Telecommunications Ltd. | 4029578 | 7698463 |
|  |  | 9772354 |
| **South Korea - 1.0%** |  |  |
| KT&G Corp. (c) | 37545 | 2819380 |
| POSCO Holdings Inc. - ADR | 94045 | 5822326 |
| SK Telecom Co. Ltd. - ADR (a) | 200762 | 4258162 |
|  |  | 12899868 |
| **Spain - 2.3%** |  |  |
| Endesa SA | 433098 | 8602257 |
| Repsol SA | 302863 | 4968476 |
| Telefonica SA - ADR (a) | 3748257 | 14393307 |
|  |  | 27964040 |
| **Sweden - 1.7%** |  |  |
| H & M Hennes & Mauritz AB - Class B | 607613 | 7444096 |
| Telefonaktiebolaget LM Ericsson (a) | 869543 | 5017263 |
| Volvo AB | 462168 | 9141624 |
|  |  | 21602983 |
| **Switzerland - 6.0%** |  |  |
| Glencore PLC | 3448514 | 23009083 |
| Holcim Ltd. | 156899 | 9333391 |
| Kuehne + Nagel International AG | 29509 | 7013827 |
| Novartis AG - ADR (a) | 261753 | 23720057 |
| SGS SA | 1512 | 3674713 |
| Swisscom AG | 12709 | 7496297 |
|  |  | 74247368 |
| **United States - 17.3%** |  |  |
| 3M Co. | 145936 | 16794315 |
| Altria Group, Inc. | 492941 | 22202063 |
| AT&T, Inc. (a) | 1230408 | 25063411 |
| Dow, Inc. (a) | 217218 | 12891888 |
| EOG Resources, Inc. (a) | 168420 | 22273545 |
| International Business Machines Corp. (a) | 157389 | 21205020 |
| Newmont Goldcorp Corp. (a) | 205709 | 10888177 |
| Philip Morris International, Inc. | 224243 | 23375090 |
| Southern Copper Corp. (a) | 281574 | 21177181 |
| The Kraft Heinz Co. (a) | 279770 | 11339078 |
| Verizon Communications, Inc. | 612872 | 25477089 |
|  |  | 212686857 |
| TOTAL COMMON STOCKS (Cost $1,141,770,098) |  | 1200019405 |
| **PREFERRED STOCKS - 2.1%** |  |  |
| **Germany - 2.1%** |  |  |
| Volkswagen AG | 184793 | 25501851 |
| TOTAL PREFERRED STOCKS (Cost $26,256,569) |  | 25501851 |
|  | **Principal** <br> **Amount** |  |
| **SHORT-TERM INVESTMENTS- 0.2%** |  |  |
| **Money Market Deposit Accounts - 0.2%** |  |  |
| U.S. Bank Money Market Deposit Account 3.300% (d) | $2357876 | 2357876 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $2,357,876) |  | 2357876 |
|  | **Shares** |  |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 10.4%** |  |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.53% (d) | 127955737 | 127955737 |
| TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $127,955,737) |  | 127955737 |
| **Total Investments (Cost $1,298,340,280) - 110.2%** |  | 1355834869 |
| **Liabilities in Excess of Other Assets - (10.2)%** |  | (125500887) |
| **TOTAL NET ASSETS - 100.0%** |  | $1230333982 |

---

---

| | |
|:---|:---|
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |
| <sup>(a)</sup> | All or a portion of this security is on loan as of January 31, 2023. The total value of securities on loan is $125,406,411 or 10.2% of net assets. |
| <sup>(b)</sup> | Restriced security as defined in Rule 144(a) under the Securities Act of 1933. Resale to the public may require registration or may extend only to qualified institutional buyers. <br> At January 31, 2023, the market value of these securities total $2,814,278, which represents 0.2% of total net assets. |
| <sup>(c)</sup> | Non-income producing security. |
| <sup>(d)</sup> | The rate shown is as of January 31, 2023. |
| 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. | 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 January 31, 2023 (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, including master limited partnerships ("MLPs"), 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.<br>Investments in other open-end investment companies, including money market funds, are valued at the investment company's net asset value per share, with the exception of exchange-traded open-end investment companies, which are priced as equity securities described above.<br>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.<br>

Options on securities that are listed on an exchange shall be valued at the sale price on such exchange (or any other exchange on which such options are listed) having the trade closest to the close of the New York Stock Exchange ("NYSE") on the day of valuation or, if there was no sale on any of the applicable options exchanges on such day, at the mean between the highest bid and lowest ask price on any of such exchanges on such day closest to the close of the NYSE on such day. On the last trading day prior to expiration, expiring options may be priced at intrinsic value.<br>

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.<br>Futures contracts are valued at the settlement price on the exchange on which they are principally traded.<br>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.<br>Deposit accounts are valued at acquisition cost, which approximates fair value.

---

| |
|:---|
| The Trust's Valuation Procedures provide for the designation of the Adviser as "Valuation Designee". If no quotation is available from either a pricing service, or one or more brokers or there is reason to question the reliability or accuracy of a quotation supplied, securities are valued at fair value as determined in good faith, by the Valuation Designee pursuant to procedures established by the Funds' 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, 2023: |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description^** | **Level 1** | **Level 2** | **Level 3** | **Investments** <br> **Measured at Net** <br> **Asset Value** | **Total** |
| Common Stocks | $1200019405 | $- | $- | $- | $1200019405 |
| Preferred Stock | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25501851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25501851 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2357876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2357876 |
| Investments Purchased with Proceeds from Securities Lending | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;127955737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127955737 |
| Total Investments in Securities | $1227879132 | $- | $- | $127955737 | $1355834869 |

---

---

| |
|:---|
| ^ See the Schedules of Investments for break out by country. |
| For the period ended January 31, 2023, the Fund did not recognize any transfers to or from Level 3. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Pacer Funds Trust

- **b. Investment Company Act file number:** 811-23024

- **c. CIK number of Registrant:** 0001616668

- **d. LEI of Registrant:** 549300L3D3N0PW0L9M73

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 500 Chesterfield Parkway

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

  - **Telephone number:** 610-664-8100

**Item A.2. Information about the Series.**

- **a. Name of Series:** Pacer Global Cash Cows Dividend ETF

- **b. EDGAR series identifier (if any):** S000052000

- **c. LEI of Series:** 549300218W3BEX4WFL63

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1352272741.35

**Total Liabilities:** $133724954.47

**Net Assets:** $1218547786.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000163551 | 12.23%               | -0.67%               | 5.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $19262.88                | $84809884.35                               |
| Month 2  | $4606991.16              | $-15901382.53                              |
| Month 3  | $11809.38                | $57288317.27                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                      | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| AT&T Inc                                  | AT&T Inc                                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   1218627 | NS      | $24823431.99  | 2.04%             |  |  |  | No            | 1                  | On Loan: —       |
| Antofagasta PLC                           | Antofagasta PLC                           | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | CL        |    417228 | NS      | $8911611.09   | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Altria Group Inc                          | Altria Group Inc                          | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    488223 | NS      | $21989563.92  | 1.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Imperial Brands PLC                       | Imperial Brands PLC                       | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |    395190 | NS      | $9895218.89   | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| BP PLC                                    | BP PLC                                    | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    662040 | NS      | $23985709.20  | 1.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Bayer AG                                  | Bayer AG                                  | CUSIP: 072730302<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |    905220 | NS      | $14103327.60  | 1.16%             |  |  |  | No            | 1                  | On Loan: No      |
| BHP Group Ltd                             | BHP Group Ltd                             | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    375358 | NS      | $26331363.70  | 2.16%             |  |  |  | No            | 1                  | On Loan: —       |
| British American Tobacco PLC              | British American Tobacco PLC              | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |    554035 | NS      | $21324807.15  | 1.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Canadian Natural Resources Ltd            | Canadian Natural Resources Ltd            | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    227548 | NS      | $13967040.07  | 1.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Dow Inc                                   | Dow Inc                                   | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |    215139 | NS      | $12768499.65  | 1.05%             |  |  |  | No            | 1                  | On Loan: —       |
| Eni SpA                                   | Eni SpA                                   | CUSIP: 26874R108<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |    641234 | NS      | $19814130.60  | 1.63%             |  |  |  | No            | 1                  | On Loan: —       |
| EOG Resources Inc                         | EOG Resources Inc                         | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    166810 | NS      | $22060622.50  | 1.81%             |  |  |  | No            | 1                  | On Loan: —       |
| Ericsson                                  | Telefonaktiebolaget LM Ericsson           | CUSIP: 294821608<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |    861220 | NS      | $4969239.40   | 0.41%             |  |  |  | No            | 1                  | On Loan: —       |
| Fresenius Medical Care AG & Co            | Fresenius Medical Care AG & Co KGaA       | CUSIP: 358029106<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |    171944 | NS      | $3220511.12   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| GSK PLC                                   | GSK PLC                                   | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |    624491 | NS      | $22019552.66  | 1.81%             |  |  |  | No            | 1                  | On Loan: No      |
| AP Moller - Maersk A/S                    | AP Moller - Maersk A/S                    | CUSIP: K0514G101<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |     10866 | NS      | $23525770.53  | 1.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortescue Metals Group Ltd                | Fortescue Metals Group Ltd                | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |   1725750 | NS      | $27091033.58  | 2.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Sanofi                                    | Sanofi                                    | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    517762 | NS      | $25442824.68  | 2.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Woodside Energy Group Ltd                 | Woodside Energy Group Ltd                 | CUSIP: 980228308<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |    969166 | NS      | $25178932.68  | 2.07%             |  |  |  | No            | 1                  | On Loan: —       |
| Lenovo Group Ltd                          | Lenovo Group Ltd                          | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               | CORP              | CN        |   4030887 | NS      | $3223208.52   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Jardine Cycle & Carriage Ltd              | Jardine Cycle & Carriage Ltd              | CUSIP: N/A<br>LEI: 254900WEP6OCEXFWML09       | Long             | EC               | CORP              | SG        |     92929 | NS      | $2054085.98   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| LG Uplus Corp                             | LG Uplus Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    127713 | NS      | $1151884.58   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| S-Oil Corp                                | S-Oil Corp                                | CUSIP: N/A<br>LEI: 988400QTUXYDN8W3MZ32       | Long             | EC               | CORP              | KR        |     41330 | NS      | $2959332.68   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Power Assets Holdings Ltd                 | Power Assets Holdings Ltd                 | CUSIP: N/A<br>LEI: 254900JOWYUW1ZX4DF47       | Long             | EC               | CORP              | HK        |    826611 | NS      | $4670088.86   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Danone SA                                 | Danone SA                                 | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |    151007 | NS      | $8259221.35   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| JS Global Lifestyle Co Ltd                | JS Global Lifestyle Co Ltd                | CUSIP: N/A<br>LEI: 254900YP54EOBADL7333       | Long             | EC               | CORP              | HK        |    794261 | NS      | $959253.64    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| WH Group Ltd                              | WH Group Ltd                              | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | HK        |   2973899 | NS      | $1828072.82   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Stellantis NV                             | Stellantis NV                             | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | NL        |   1397425 | NS      | $21840082.84  | 1.79%             |  |  |  | No            | 1                  | On Loan: No      |
| CK Hutchison Holdings Ltd                 | CK Hutchison Holdings Ltd                 | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               | CORP              | HK        |   1297439 | NS      | $8240176.79   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| South32 Ltd                               | South32 Ltd                               | CUSIP: N/A<br>LEI: 213800LAZNPXSBKVHR17       | Long             | EC               | CORP              | AU        |   2129762 | NS      | $6824955.69   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Honda Motor Co Ltd                        | Honda Motor Co Ltd                        | CUSIP: 438128308<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | EC               | CORP              | JP        |    405743 | NS      | $10070541.26  | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| IBM                                       | International Business Machines Corp      | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |    155884 | NS      | $21002251.32  | 1.72%             |  |  |  | No            | 1                  | On Loan: —       |
| Deutsche Post AG                          | Deutsche Post AG                          | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |    357175 | NS      | $15291302.29  | 1.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Telenor ASA                               | Telenor ASA                               | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |    866010 | NS      | $9053472.74   | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| SGS SA                                    | SGS SA                                    | CUSIP: N/A<br>LEI: 2138007JNS19JHNA2336       | Long             | EC               | CORP              | CH        |      1498 | NS      | $3640688.15   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Kraft Heinz Co/The                        | Kraft Heinz Co/The                        | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    277096 | NS      | $11230700.88  | 0.92%             |  |  |  | No            | 1                  | On Loan: —       |
| BASF SE                                   | BASF SE                                   | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               | CORP              | DE        |    395796 | NS      | $22547084.71  | 1.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Endesa SA                                 | Endesa SA                                 | CUSIP: N/A<br>LEI: 549300LHK07F2CHV4X31       | Long             | EC               | CORP              | ES        |    428954 | NS      | $8519948.66   | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Volkswagen AG                             | Volkswagen AG                             | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EP               | CORP              | DE        |    183029 | NS      | $25258415.88  | 2.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Mercedes-Benz Group AG                    | Mercedes-Benz Group AG                    | CUSIP: D1668R123<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |    346957 | NS      | $25705687.46  | 2.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Swisscom AG                               | Swisscom AG                               | CUSIP: N/A<br>LEI: 5493005SL9HHOXS3B739       | Long             | EC               | CORP              | CH        |     12590 | NS      | $7426105.95   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Repsol SA                                 | Repsol SA                                 | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |    299965 | NS      | $4920933.91   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| H & M Hennes & Mauritz AB                 | H & M Hennes & Mauritz AB                 | CUSIP: N/A<br>LEI: 529900O5RR7R39FRDM42       | Long             | EC               | CORP              | SE        |    601796 | NS      | $7372829.67   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Bayerische Motoren Werke AG               | Bayerische Motoren Werke AG               | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |    260764 | NS      | $26429626.59  | 2.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Telekom AG                       | Deutsche Telekom AG                       | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |   1020893 | NS      | $22696623.16  | 1.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Telstra Corp Ltd                          | Telstra Corp Ltd                          | CUSIP: N/A<br>LEI: PCTXNQGRJVR3OG33JG65       | Long             | EC               | CORP              | AU        |   2819557 | NS      | $8119961.15   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| KT&G Corp                                 | KT&G Corp                                 | CUSIP: N/A<br>LEI: 988400ZJV6ISYBLQX875       | Long             | EC               | CORP              | KR        |     37179 | NS      | $2791896.01   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Origin Energy Ltd                         | Origin Energy Ltd                         | CUSIP: N/A<br>LEI: ZSN2LWNPYW6ISMRUC664       | Long             | EC               | CORP              | AU        |    373090 | NS      | $1967193.68   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| ICL Group Ltd                             | ICL Group Ltd                             | CUSIP: M53213100<br>LEI: 529900FQVQD88SHIGM04 | Long             | EC               | CORP              | IL        |    631112 | NS      | $4973345.04   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Isuzu Motors Ltd                          | Isuzu Motors Ltd                          | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |    204344 | NS      | $2566760.96   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Jardine Matheson Holdings Ltd             | Jardine Matheson Holdings Ltd             | CUSIP: G50736100<br>LEI: 2138009KENVUNWOLPK41 | Long             | EC               | CORP              | HK        |     69026 | NS      | $3659758.52   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Japan Tobacco Inc                         | Japan Tobacco Inc                         | CUSIP: N/A<br>LEI: 353800Z0ENYBQO0XRJ31       | Long             | EC               | CORP              | JP        |    576325 | NS      | $11755409.48  | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Kia Corp                                  | Kia Corp                                  | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |    113481 | NS      | $6154027.28   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Korea Zinc Co Ltd                         | Korea Zinc Co Ltd                         | CUSIP: N/A<br>LEI: 988400D0HSQUB1I1VO41       | Long             | EC               | CORP              | KR        |      3850 | NS      | $1690899.50   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Newmont Corp                              | Newmont Corp                              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    203742 | NS      | $10784064.06  | 0.88%             |  |  |  | No            | 1                  | On Loan: —       |
| Nintendo Co Ltd                           | Nintendo Co Ltd                           | CUSIP: 654445303<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |   1037567 | NS      | $11174596.59  | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Marubeni Corp                             | Marubeni Corp                             | CUSIP: N/A<br>LEI: 4P4N3ORD02UGQT1T1W12       | Long             | EC               | CORP              | JP        |    516550 | NS      | $6295905.77   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsubishi Corp                           | Mitsubishi Corp                           | CUSIP: N/A<br>LEI: KVIPTY4PULAPGC1VVD26       | Long             | EC               | CORP              | JP        |    307720 | NS      | $10250635.12  | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsui OSK Lines Ltd                      | Mitsui OSK Lines Ltd                      | CUSIP: N/A<br>LEI: 353800P8O843TMAZ6S09       | Long             | EC               | CORP              | JP        |    390288 | NS      | $9609903.12   | 0.79%             |  |  |  | No            | 1                  | On Loan: —       |
| Nippon Yusen KK                           | Nippon Yusen KK                           | CUSIP: N/A<br>LEI: 353800YPW4XM0ZN5I149       | Long             | EC               | CORP              | JP        |    770458 | NS      | $18201193.49  | 1.49%             |  |  |  | No            | 1                  | On Loan: —       |
| OOIL                                      | Orient Overseas International Ltd         | CUSIP: N/A<br>LEI: 529900DQ426GJO276W95       | Long             | EC               | CORP              | HK        |   1305759 | NS      | $21598482.66  | 1.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Novartis AG                               | Novartis AG                               | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    259247 | NS      | $23492963.14  | 1.93%             |  |  |  | No            | 1                  | On Loan: —       |
| Orange SA                                 | Orange SA                                 | CUSIP: 684060106<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |   1167931 | NS      | $12380068.60  | 1.02%             |  |  |  | No            | 1                  | On Loan: —       |
| Sumitomo Metal Mining Co Ltd              | Sumitomo Metal Mining Co Ltd              | CUSIP: N/A<br>LEI: 353800CF81IXL9974H84       | Long             | EC               | CORP              | JP        |     97478 | NS      | $3930123.64   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Sumitomo Corp                             | Sumitomo Corp                             | CUSIP: N/A<br>LEI: V82KK8NH1P0JS71FJC05       | Long             | EC               | CORP              | JP        |    419528 | NS      | $7487139.74   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Spark New Zealand Ltd                     | Spark New Zealand Ltd                     | CUSIP: N/A<br>LEI: 529900HUN51H3Y7QBB66       | Long             | EC               | CORP              | NZ        |    627392 | NS      | $2110867.51   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Tokyo Electron Ltd                        | Tokyo Electron Ltd                        | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |     32338 | NS      | $11221967.96  | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| POSCO Holdings Inc                        | POSCO Holdings Inc                        | CUSIP: 693483109<br>LEI: 988400E5HRVX81AYLM04 | Long             | EC               | CORP              | KR        |     93149 | NS      | $5766854.59   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Holcim AG                                 | Holcim AG                                 | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |    155401 | NS      | $9244280.13   | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Philip Morris International In            | Philip Morris International Inc           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    222101 | NS      | $23151808.24  | 1.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Snam SpA                                  | Snam SpA                                  | CUSIP: N/A<br>LEI: 8156002278562044AF79       | Long             | EC               | CORP              | IT        |   1098092 | NS      | $5579755.18   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Cie de Saint-Gobain                       | Cie de Saint-Gobain                       | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |    113984 | NS      | $6511849.02   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Rio Tinto PLC                             | Rio Tinto PLC                             | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |    335362 | NS      | $26610974.70  | 2.18%             |  |  |  | No            | 1                  | On Loan: —       |
| SK Telecom Co Ltd                         | SK Telecom Co Ltd                         | CUSIP: 78440P306<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |    198844 | NS      | $4217481.24   | 0.35%             |  |  |  | No            | 1                  | On Loan: —       |
| Southern Copper Corp                      | Southern Copper Corp                      | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | MX        |    278879 | NS      | $20974489.59  | 1.72%             |  |  |  | No            | 1                  | On Loan: —       |
| Takeda Pharmaceutical Co Ltd              | Takeda Pharmaceutical Co Ltd              | CUSIP: 874060205<br>LEI: 549300ZLMVP4X0OGR454 | Long             | EC               | CORP              | JP        |    874162 | NS      | $13811759.60  | 1.13%             |  |  |  | No            | 1                  | On Loan: —       |
| Telefonica SA                             | Telefonica SA                             | CUSIP: 879382208<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |   3712368 | NS      | $14255493.12  | 1.17%             |  |  |  | No            | 1                  | On Loan: —       |
| 3M Co                                     | 3M Co                                     | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |    144543 | NS      | $16634008.44  | 1.37%             |  |  |  | No            | 1                  | On Loan: No      |
| TotalEnergies SE                          | TotalEnergies SE                          | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    384535 | NS      | $23856551.40  | 1.96%             |  |  |  | No            | 1                  | On Loan: No      |
| U.S. Bank Money Market Deposit Account    | U.S. Bank Money Market Deposit Account    | CUSIP: 8AMMF0A84<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2345185 | NS      | $2345184.90   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Unilever PLC                              | Unilever PLC                              | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    456226 | NS      | $23313148.60  | 1.91%             |  |  |  | No            | 1                  | On Loan: —       |
| Verizon Communications Inc                | Verizon Communications Inc                | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    607006 | NS      | $25233239.42  | 2.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Vodafone Group PLC                        | Vodafone Group PLC                        | CUSIP: 92857W308<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |   1358638 | NS      | $15733028.04  | 1.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        | 127955737 | NS      | $127955737.16 | 10.50%            |  |  |  | No            | N/A                | On Loan: No      |
| SingTel                                   | Singapore Telecommunications Ltd          | CUSIP: Y79985209<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |   3990994 | NS      | $7624748.77   | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Xinyi Glass Holdings Ltd                  | Xinyi Glass Holdings Ltd                  | CUSIP: N/A<br>LEI: 52990082YXVVZFK1QJ17       | Long             | EC               | CORP              | HK        |   1809927 | NS      | $3845530.80   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Kone Oyj                                  | Kone Oyj                                  | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |    116222 | NS      | $6322565.75   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Engie SA                                  | Engie SA                                  | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |    888112 | NS      | $12570901.72  | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Inpex Corp                                | Inpex Corp                                | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |    314296 | NS      | $3428727.54   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Kuehne + Nagel International A            | Kuehne + Nagel International AG           | CUSIP: N/A<br>LEI: 529900Q0YED3805QXQ66       | Long             | EC               | CORP              | CH        |     29229 | NS      | $6947275.15   | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Volvo AB                                  | Volvo AB                                  | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |    457744 | NS      | $9054118.19   | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Anglo American PLC                        | Anglo American PLC                        | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |    497590 | NS      | $21265342.61  | 1.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Want Want China Holdings Ltd              | Want Want China Holdings Ltd              | CUSIP: N/A<br>LEI: 5299005HZCEKX4O1J230       | Long             | EC               | CORP              | CN        |   2994219 | NS      | $1947484.35   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Suncor Energy Inc                         | Suncor Energy Inc                         | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |    326752 | NS      | $11340729.29  | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Glencore PLC                              | Glencore PLC                              | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | CH        |   3415495 | NS      | $22788774.84  | 1.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Man Wah Holdings Ltd                      | Man Wah Holdings Ltd                      | CUSIP: N/A<br>LEI: 52990005BW6K71UPKX41       | Long             | EC               | CORP              | HK        |    933497 | NS      | $1076221.33   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| SITC International Holdings Co            | SITC International Holdings Co Ltd        | CUSIP: N/A<br>LEI: 529900JUV4MOM9CE3V12       | Long             | EC               | CORP              | HK        |   3582600 | NS      | $7803805.31   | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Aurizon Holdings Ltd                      | Aurizon Holdings Ltd                      | CUSIP: N/A<br>LEI: 5299005PC1O6NOWL3H48       | Long             | EC               | CORP              | AU        |    620186 | NS      | $1615329.91   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| SoftBank Corp                             | SoftBank Corp                             | CUSIP: N/A<br>LEI: 353800M1YCTS9JRBJ535       | Long             | EC               | CORP              | JP        |   1665688 | NS      | $19022357.87  | 1.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Tesco PLC                                 | Tesco PLC                                 | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |   2247795 | NS      | $6814355.17   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| CK Infrastructure Holdings Ltd            | CK Infrastructure Holdings Ltd            | CUSIP: N/A<br>LEI: 5299005U11RQ1C27MR12       | Long             | EC               | CORP              | HK        |    883963 | NS      | $4909559.01   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Coles Group Ltd                           | Coles Group Ltd                           | CUSIP: N/A<br>LEI: 549300OHQRG2HN8LZ793       | Long             | EC               | CORP              | AU        |    295758 | NS      | $3707595.72   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2023-03-07

**Name of Applicant:** Pacer Funds Trust

**Signature:** /s/ Bruce Kavanaugh

**Name of Signer:** Pacer Funds Trust

**Title:** Vice President