# EDGAR Filing Document

**Accession Number:** 0001616668
**File Stem:** 0000894189-25-010193
**Filing Date:** 2025-9
**Character Count:** 122610
**Document Hash:** 23f5488cc7bfd3f984af358f5a78cb2f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-010193.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000894189-25-010193

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pacer Funds Trust
- **CENTRAL INDEX KEY:** 0001616668

**ORGANIZATION NAME:**
- **EIN:** 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:** 251355798

**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 Trendpilot European Index ETF (Series ID: S000051998)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000163549 | Pacer Trendpilot European Index ETF | PTEU            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Pacer Trendpilot European Index ETF** | **Pacer Trendpilot European Index ETF** | **Pacer Trendpilot European Index ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 97.8%** | **Shares** | **Value**  |
| **Austria - 0.7%** | **Austria - 0.7%** | |
| ANDRITZ AG | 358 | $25024 |
| Erste Group Bank AG | 1489 | 136874 |
| OMV AG | 728 | 37120 |
| Raiffeisen Bank International AG | 662 | 19219 |
| Telekom Austria AG | 444 | 4712 |
| Verbund AG | 336 | 25058 |
|  |  | 248007 |
| **Belgium - 2.3%** | **Belgium - 2.3%** |  |
| Ackermans & van Haaren NV | 109 | 26794 |
| Ageas SA/NV | 983 | 67028 |
| Anheuser-Busch InBev SA | 5112 | 299858 |
| Cenergy Holdings SA | 314 | 3677 |
| D'ieteren Group | 108 | 21421 |
| Elia Group SA/NV | 238 | 27486 |
| Groupe Bruxelles Lambert NV | 422 | 35445 |
| KBC Groep NV | 1200 | 125660 |
| Lotus Bakeries NV | 2 | 16981 |
| Sofina SA | 74 | 22767 |
| Syensqo SA | 358 | 28582 |
| Titan Cement International SA | 194 | 8048 |
| UCB SA | 633 | 137577 |
| Viohalco SA | 216 | 1496 |
|  |  | 822820 |
| **Finland - 2.9%** | **Finland - 2.9%** |  |
| Elisa OYJ | 738 | 38034 |
| Fortum Oyj | 2238 | 41094 |
| Kesko Oyj - Class B | 1390 | 30266 |
| Kone Oyj - Class B | 1601 | 98552 |
| Metso Oyj | 3920 | 49499 |
| Neste Oyj | 2140 | 33787 |
| Nokia OYJ | 25719 | 105310 |
| Nordea Bank Abp | 16876 | 246514 |
| Orion Oyj - Class B | 542 | 43483 |
| Sampo Oyj - Class A | 12144 | 130494 |
| Stora Enso Oyj - Class R | 3042 | 31362 |
| UPM-Kymmene Oyj | 2755 | 71526 |
| Valmet Oyj | 725 | 26236 |
| Wartsila OYJ Abp | 2328 | 64399 |
|  |  | 1010556 |
| **France - 27.6%<sup>(a)</sup>** | **France - 27.6%<sup>(a)</sup>** |  |
| Accor SA | 1162 | 59223 |
| Aeroports de Paris SA | 200 | 24285 |
| Air Liquide SA | 3054 | 602247 |
| Alstom SA <sup>(b)</sup> | 1898 | 44706 |
| Amundi SA <sup>(c)</sup> | 292 | 21677 |
| Arkema SA | 304 | 20781 |
| AXA SA | 9218 | 448976 |
| Ayvens SA <sup>(c)</sup> | 1129 | 12182 |
| BioMerieux | 225 | 32302 |
| BNP Paribas SA | 5301 | 484323 |
| Bollore SE | 3596 | 20786 |
| Bouygues SA | 1001 | 41296 |
| Bureau Veritas SA | 1677 | 51749 |
| Capgemini SE | 820 | 122494 |
| Carrefour SA | 2850 | 40883 |
| Cie de Saint-Gobain SA | 2397 | 274366 |
| Cie Generale des Etablissements Michelin SCA | 3674 | 131066 |
| Credit Agricole SA | 4936 | 90972 |
| Danone SA | 3356 | 275291 |
| Dassault Aviation SA | 96 | 29843 |
| Dassault Systemes SE | 3505 | 115557 |
| Edenred SE | 1238 | 35490 |
| Eiffage SA | 352 | 47260 |
| Engie SA | 9349 | 209327 |
| EssilorLuxottica SA | 1527 | 454125 |
| Eurazeo SE | 206 | 12142 |
| Getlink SE | 1814 | 32915 |
| Hermes International SCA | 185 | 454124 |
| Ipsen SA | 172 | 20355 |
| Kering | 370 | 91416 |
| La Francaise des Jeux SACA | 558 | 17435 |
| Legrand SA | 1333 | 197683 |
| L'Oreal SA | 1215 | 539857 |
| LVMH Moet Hennessy Louis Vuitton SE | 1348 | 726634 |
| Orange SA | 11044 | 168193 |
| Pernod Ricard SA | 1019 | 105078 |
| Publicis Groupe SA | 1207 | 110470 |
| Renault SA | 988 | 36881 |
| Rexel SA | 1130 | 34276 |
| Safran SA | 1843 | 608886 |
| Sanofi SA | 5680 | 511042 |
| Sartorius Stedim Biotech | 143 | 28722 |
| Schneider Electric SE | 2868 | 747054 |
| SCOR SE | 880 | 28802 |
| SEB SA | 130 | 9554 |
| Societe Generale SA | 3806 | 243057 |
| Sodexo SA | 422 | 25187 |
| Teleperformance SE | 292 | 28565 |
| Thales SA | 475 | 127820 |
| TOTAL SA | 10773 | 639542 |
| Veolia Environnement SA | 3200 | 108460 |
| Vinci SA | 2649 | 367602 |
| Wendel SA | 140 | 13157 |
|  |  | 9726116 |
| **Germany - 27.5%<sup>(a)</sup>** | **Germany - 27.5%<sup>(a)</sup>** |  |
| adidas AG | 885 | 169724 |
| Allianz SE | 2050 | 812261 |
| BASF SE | 4739 | 233416 |
| Bayer AG | 5220 | 162926 |
| Bayerische Motoren Werke AG | 1512 | 144735 |
| Bechtle AG | 422 | 18406 |
| Beiersdorf AG | 503 | 62569 |
| Brenntag SE | 630 | 39212 |
| Carl Zeiss Meditec AG | 184 | 10213 |
| Commerzbank AG | 4448 | 162637 |
| Continental AG | 554 | 47543 |
| Covestro AG <sup>(b)</sup> | 919 | 62297 |
| CTS Eventim AG & Co. KGaA | 304 | 34432 |
| Daimler AG | 4004 | 228925 |
| Daimler Truck Holding AG | 2647 | 129379 |
| Delivery Hero SE <sup>(b)(c)</sup> | 1182 | 35463 |
| Deutsche Bank AG | 9619 | 318174 |
| Deutsche Boerse AG | 974 | 282440 |
| Deutsche Lufthansa AG | 3086 | 26568 |
| Deutsche Post AG | 5028 | 226362 |
| Deutsche Telekom AG | 17433 | 626281 |
| Deutsche Wohnen SE | 250 | 6362 |
| DWS Group GmbH & Co. KGaA <sup>(c)</sup> | 162 | 9752 |
| E.ON SE | 11763 | 214179 |
| Evonik Industries AG | 1292 | 25758 |
| Fielmann Group AG | 130 | 8249 |
| Fraport AG Frankfurt Airport Services Worldwide <sup>(b)</sup> | 184 | 13722 |
| Fresenius Medical Care AG | 1116 | 56649 |
| Fresenius SE & Co. KGaA | 2191 | 104966 |
| FUCHS SE | 152 | 5369 |
| GEA Group AG | 770 | 55447 |
| Hannover Rueck SE | 314 | 95461 |
| Heidelberg Materials AG | 666 | 153908 |
| Henkel AG & Co. KGaA | 500 | 35548 |
| HOCHTIEF AG | 77 | 16845 |
| Infineon Technologies AG | 6894 | 272489 |
| KION Group AG | 368 | 22783 |
| Knorr-Bremse AG | 336 | 33685 |
| LEG Immobilien SE | 380 | 30248 |
| Merck KGaA | 672 | 84588 |
| MTU Aero Engines AG | 282 | 121712 |
| Muenchener Rueckversicherungs-Gesellschaft AG | 691 | 453901 |
| Nemetschek SE | 301 | 45033 |
| Puma SE | 542 | 11532 |
| Rational AG | 28 | 21712 |
| Rheinmetall AG | 229 | 453547 |
| RWE AG | 3531 | 144702 |
| SAP SE | 5440 | 1557000 |
| Scout24 SE <sup>(c)</sup> | 361 | 48366 |
| Siemens AG | 3884 | 996852 |
| Siemens Energy AG <sup>(b)</sup> | 3367 | 391927 |
| Siemens Healthineers AG <sup>(c)</sup> | 1577 | 85125 |
| Symrise AG | 698 | 63326 |
| Talanx AG | 314 | 41782 |
| Traton SE | 326 | 11213 |
| Volkswagen AG | 152 | 16323 |
| Vonovia SE | 3723 | 115904 |
| Wacker Chemie AG | 96 | 7198 |
| Zalando SE <sup>(b)(c)</sup> | 1200 | 35222 |
|  |  | 9702348 |
| **Greece - 1.0%** | **Greece - 1.0%** |  |
| Aegean Airlines SA | 206 | 2967 |
| Aktor SA Holding Co. Technical And Energy Projects <sup>(b)</sup> | 260 | 1851 |
| Alpha Bank SA | 10836 | 40808 |
| Athens International Airport SA | 380 | 4337 |
| Athens Water Supply & Sewage Co. SA | 216 | 1807 |
| Autohellas Tourist and Trading SA | 96 | 1166 |
| Ellaktor SA | 422 | 641 |
| Eurobank Ergasias SA | 12988 | 47993 |
| FF Group <sup>(b)(d)</sup> | 1259 | 6897 |
| GEK TERNA SA | 304 | 7514 |
| Hellenic Telecommunications Organization SA | 778 | 14117 |
| HELLENiQ ENERGY Holdings SA | 478 | 4203 |
| Holding Co. ADMIE IPTO SA | 586 | 2214 |
| Intralot SA-Integrated Information Systems & Gaming Services <sup>(b)</sup> | 1336 | 1692 |
| JUMBO SA | 554 | 18739 |
| LAMDA Development SA <sup>(b)</sup> | 412 | 3136 |
| Metlen Energy & Metals SA | 564 | 31139 |
| Motor Oil Hellas Corinth Refineries SA | 292 | 8391 |
| National Bank of Greece SA | 4314 | 60505 |
| OPAP SA | 956 | 21449 |
| Optima bank SA | 1007 | 8309 |
| Piraeus Financial Holdings SA | 5543 | 42825 |
| Piraeus Port Authority SA | 42 | 2310 |
| Public Power Corp. SA | 1000 | 16262 |
| Quest Holdings SA | 140 | 1169 |
| Sarantis SA | 152 | 2324 |
|  |  | 354765 |
| **Ireland - 0.9%** | **Ireland - 0.9%** |  |
| AIB Group PLC | 10901 | 86460 |
| Bank of Ireland Group PLC | 5216 | 70269 |
| Glanbia PLC | 956 | 13910 |
| Kerry Group PLC - Class A | 875 | 81032 |
| Kingspan Group PLC | 816 | 67653 |
|  |  | 319324 |
| **Italy - 9.3%** | **Italy - 9.3%** |  |
| A2A SpA | 7902 | 19235 |
| Amplifon SpA | 662 | 11155 |
| Banca Mediolanum SpA | 1108 | 19599 |
| Banca Monte dei Paschi di Siena SpA | 4488 | 38239 |
| Banco BPM SpA | 7815 | 99887 |
| BPER Banca SPA | 5080 | 50065 |
| Brunello Cucinelli SpA | 172 | 19338 |
| Buzzi SpA | 434 | 22644 |
| Davide Campari-Milano NV | 2874 | 19876 |
| DiaSorin SpA | 108 | 10562 |
| Enel SpA | 41115 | 362836 |
| Eni SpA | 10894 | 185365 |
| Ferrari NV | 631 | 277454 |
| FinecoBank Banca Fineco SpA | 3258 | 69602 |
| Generali | 5132 | 191629 |
| Hera SpA | 3925 | 16779 |
| Infrastrutture Wireless Italiane SpA <sup>(c)</sup> | 1770 | 20926 |
| Interpump Group SpA | 412 | 16907 |
| Intesa Sanpaolo SpA | 83022 | 501674 |
| Italgas SpA | 2936 | 24275 |
| Leonardo SpA | 2132 | 115010 |
| Mediobanca Banca di Credito Finanziario SpA | 3004 | 66301 |
| Moncler SpA | 1172 | 62782 |
| Nexi SpA <sup>(c)</sup> | 2524 | 14431 |
| Pirelli & C SpA <sup>(c)</sup> | 1902 | 12850 |
| Poste Italiane SpA <sup>(c)</sup> | 2326 | 50341 |
| Prysmian SpA | 1518 | 121922 |
| Recordati Industria Chimica e Farmaceutica SpA | 554 | 31864 |
| Reply SpA | 118 | 18529 |
| Snam SpA | 10917 | 63214 |
| Telecom Italia SpA <sup>(b)</sup> | 56194 | 25889 |
| Telecom Italia SpA - Savings Shares <sup>(b)</sup> | 24096 | 12432 |
| Terna Rete Elettrica Nazionale SpA | 7462 | 71974 |
| UniCredit SpA | 8261 | 609297 |
| Unipol Assicurazioni SpA | 1934 | 38878 |
|  |  | 3293761 |
| **Luxembourg - 0.5%** | **Luxembourg - 0.5%** |  |
| ArcelorMittal | 2249 | 70632 |
| CVC Capital Partners PLC <sup>(c)</sup> | 1086 | 20957 |
| Eurofins Scientific SE | 578 | 44405 |
| RTL Group SA | 184 | 7265 |
| Tenaris SA | 1934 | 34078 |
|  |  | 177337 |
| **Netherlands - 14.4%** | **Netherlands - 14.4%** |  |
| Aalberts Industries NV | 500 | 16068 |
| ABN AMRO Group NV <sup>(c)</sup> | 2728 | 78951 |
| Adyen NV <sup>(b)(c)</sup> | 137 | 236174 |
| Aegon Ltd. | 6792 | 48707 |
| Airbus SE | 3096 | 621977 |
| Akzo Nobel NV | 880 | 55314 |
| Argenx SE <sup>(b)</sup> | 323 | 219101 |
| ASM International NV | 249 | 121478 |
| ASML Holding NV | 2088 | 1460911 |
| ASR Nederland NV | 760 | 50616 |
| BE Semiconductor Industries NV | 363 | 49338 |
| CTP NV <sup>(c)</sup> | 607 | 12912 |
| Euronext NV <sup>(c)</sup> | 465 | 75141 |
| EXOR NV | 478 | 46231 |
| Heineken Holding NV | 584 | 39588 |
| Heineken NV | 1473 | 116089 |
| IMCD NV | 304 | 33416 |
| ING Groep NV | 16177 | 378270 |
| JDE Peet's NV | 792 | 23572 |
| Koninklijke Ahold Delhaize NV | 4824 | 190478 |
| Koninklijke KPN NV | 20057 | 89725 |
| Koninklijke Philips NV | 4324 | 113988 |
| Koninklijke Vopak NV | 292 | 13956 |
| NN Group NV | 1378 | 93034 |
| Prosus NV | 6770 | 388151 |
| QIAGEN NV | 1134 | 56683 |
| Randstad Holding NV | 542 | 25879 |
| Stellantis NV | 11398 | 100976 |
| Universal Music Group NV | 4997 | 144731 |
| Wolters Kluwer NV | 1243 | 193911 |
|  |  | 5095366 |
| **Poland - 0.1%** | **Poland - 0.1%** |  |
| InPost SA <sup>(b)</sup> | 1228 | 17686 |
| **Portugal - 0.5%** | **Portugal - 0.5%** |  |
| Banco Comercial Portugues SA | 46892 | 38615 |
| EDP SA | 15478 | 66874 |
| Galp Energia SGPS SA | 2184 | 41660 |
| Jeronimo Martins SGPS SA | 1412 | 34484 |
|  |  | 181633 |
| **Spain - 9.6%** | **Spain - 9.6%** |  |
| Acciona SA | 118 | 22650 |
| ACS Actividades de Construccion y Servicios SA | 978 | 67412 |
| Aena SME SA <sup>(c)</sup> | 3674 | 98928 |
| Amadeus IT Holding SA | 2320 | 186443 |
| Banco Bilbao Vizcaya Argentaria SA | 30016 | 501483 |
| Banco de Sabadell SA | 28586 | 105729 |
| Banco Santander SA | 79935 | 687448 |
| Bankinter SA | 3314 | 47274 |
| CaixaBank SA | 19329 | 181981 |
| Cellnex Telecom SA <sup>(c)</sup> | 2988 | 105707 |
| Corp. ACCIONA Energias Renovables SA | 292 | 7858 |
| EDP Renovaveis SA | 1554 | 18266 |
| Endesa SA | 1630 | 47155 |
| Ferrovial SE | 2526 | 129432 |
| Grifols SA <sup>(b)</sup> | 1548 | 23177 |
| Iberdrola SA | 34288 | 600833 |
| Industria de Diseno Textil SA | 5859 | 280223 |
| Mapfre SA | 5108 | 20822 |
| Naturgy Energy Group SA | 488 | 15304 |
| Redeia Corp. SA | 2081 | 40254 |
| Repsol SA | 5972 | 90507 |
| Telefonica SA | 21710 | 112084 |
|  |  | 3390970 |
| **Switzerland - 0.5%** | **Switzerland - 0.5%** |  |
| DSM-Firmenich AG | 963 | 92885 |
| STMicroelectronics NV | 3415 | 87512 |
|  |  | 180397 |
| **TOTAL COMMON STOCKS** (Cost $32,513,311) | **TOTAL COMMON STOCKS** (Cost $32,513,311) | 34521086 |
| **PREFERRED STOCKS - 0.7%** |  |  |
| **Germany - 0.6%** | **Germany - 0.6%** |  |
|  Bayerische Motoren Werke AG, 0.00% | 292 | 25692 |
|  FUCHS SE, 0.00% | 352 | 16165 |
|  Henkel AG & Co. KGaA, 0.00% | 866 | 66788 |
|  Volkswagen AG, 0.00% | 1099 | 115535 |
|  |  | 224180 |
| **Spain - 0.1%** | **Spain - 0.1%** |  |
|  Grifols SA, Class B, 0.00% | 1326 | 14232 |
| **TOTAL PREFERRED STOCKS** (Cost $236,042) | **TOTAL PREFERRED STOCKS** (Cost $236,042) | 238412 |
| **REAL ESTATE INVESTMENT TRUSTS - COMMON - 0.5%** |  |  |
| **Belgium - 0.0%<sup>(e)</sup>** | **Belgium - 0.0%<sup>(e)</sup>** |  |
| Warehouses De Pauw CVA | 880 | 20607 |
| **France - 0.4%** | **France - 0.4%** |  |
| Covivio SA | 282 | 18328 |
| Gecina SA | 270 | 26560 |
| Klepierre | 1054 | 40367 |
| Unibail-Rodamco-Westfield | 493 | 47957 |
|  |  | 133212 |
| **Spain - 0.1%** | **Spain - 0.1%** |  |
| Merlin Properties Socimi SA | 1944 | 27021 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $165,237) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $165,237) | 180840 |
| **TOTAL INVESTMENTS - 99.0% (**Cost $32,914,590**)** | **TOTAL INVESTMENTS - 99.0% (**Cost $32,914,590**)** | 34940338 |
| Other Assets in Excess of Liabilities - 1.0% | Other Assets in Excess of Liabilities - 1.0% | 360114 |
| **TOTAL NET ASSETS - 100.0%** |  | $35300452 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

PLC - Public Limited Company<br>

(a) To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions
 affecting such country or region.

(b) Non-income producing security.

(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, 2025, the value of these securities total $975,105 or 2.8% of the Fund's net assets.

(d) 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 $6,897 or 0.0% of net assets as of July 31, 2025.

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

------

#### <br>

#### Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
Pacer Trendpilot European Index 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 July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $34514189 | $– | $6897 | $34521086 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 238412 | – | – | 238412 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 180840 | – | – | 180840 |
| Total Investments | $34933441 | $– | $6897 | $34940338 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **PTEU** | **Balance as of 04/30/2025** | **Net Realized** <br> **Gain (Loss)** | **Change in Net Unrealized Appreciation (Depreciation)** | **Purchases** | **Sales** | **Transfers Into**<br> **Level 3** | **Transfers Out of Level 3** | **Balance as of 07/31/2025** |
| Common Stocks | $6846 |  | $51 |  |  | $- | $- | $6897 |
| **The following is a summary of quantitative information about Level 3 Fair Value Measurements:** | **The following is a summary of quantitative information about Level 3 Fair Value Measurements:** | **The following is a summary of quantitative information about Level 3 Fair Value Measurements:** | **The following is a summary of quantitative information about Level 3 Fair Value Measurements:** | **The following is a summary of quantitative information about Level 3 Fair Value Measurements:** | **The following is a summary of quantitative information about Level 3 Fair Value Measurements:** | **The following is a summary of quantitative information about Level 3 Fair Value Measurements:** | **The following is a summary of quantitative information about Level 3 Fair Value Measurements:** | **The following is a summary of quantitative information about Level 3 Fair Value Measurements:** |
| **PTEU<sup>(a)</sup>** | **Fair Value as of 07/31/2025** | **Valuation**<br> **Techniques** | **Unobservable** <br> **Input** | **Impact to** <br> **Valuation From** <br> **an Increase** <br> **to Input** |  |  |  |  |
| Common Stocks | $6897 | Last Trade Price | Stale Data | 4.8 EUR |  |  |  |  |

---

(a) Table presents information for one security: FF Group, which has been valued at 4.8 EUR throughout the period.

## 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 Trendpilot European Index ETF

- **b. EDGAR series identifier (if any):** S000051998

- **c. LEI of Series:** 549300M5U26VERYPDO77

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**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:** $35322086.02

**Total Liabilities:** $21634.67

**Net Assets:** $35300451.35

**Cash Not Reported:** $1277.63

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000163549 | 5.93%                | 2.91%                | -2.19%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-616.95                 | $1483543.78                                |
| Month 2  | $-27426.04               | $1047417.88                                |
| Month 3  | $142943.66               | $-958897.80                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bouygues SA                            | Bouygues SA                                                  | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |      1001 | NS      | $41295.66     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                              | Airbus SE                                                    | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | FR        |      3096 | NS      | $621977.06    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Publicis Groupe SA                     | Publicis Groupe SA                                           | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Long             | EC               | CORP              | FR        |      1207 | NS      | $110469.83    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fielmann Group AG                      | Fielmann Group AG                                            | CUSIP: N/A<br>LEI: 529900BU5B7N9GE4XU15       | Long             | EC               | CORP              | DE        |       130 | NS      | $8248.60      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingspan Group PLC                     | Kingspan Group PLC                                           | CUSIP: N/A<br>LEI: 635400HM7V74SUB9OG75       | Long             | EC               | CORP              | IE        |       816 | NS      | $67653.12     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bollore SE                             | Bollore SE                                                   | CUSIP: N/A<br>LEI: 969500LEKCHH6VV86P94       | Long             | EC               | CORP              | FR        |      3596 | NS      | $20785.53     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Renault SA                             | Renault SA                                                   | CUSIP: N/A<br>LEI: 969500F7JLTX36OUI695       | Long             | EC               | CORP              | FR        |       988 | NS      | $36880.73     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Puma SE                                | Puma SE                                                      | CUSIP: N/A<br>LEI: 529900GRZ2BQY5ZM9N49       | Long             | EC               | CORP              | DE        |       542 | NS      | $11532.51     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayer AG                               | Bayer AG                                                     | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               | CORP              | DE        |      5220 | NS      | $162925.81    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BASF SE                                | BASF SE                                                      | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               | CORP              | DE        |      4739 | NS      | $233415.77    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Beiersdorf AG                          | Beiersdorf AG                                                | CUSIP: N/A<br>LEI: L47NHHI0Z9X22DV46U41       | Long             | EC               | CORP              | DE        |       503 | NS      | $62568.61     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Randstad NV                            | Randstad NV                                                  | CUSIP: N/A<br>LEI: 7245009EAAUUQJ0U4T57       | Long             | EC               | CORP              | NL        |       542 | NS      | $25879.33     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                             | Allianz SE                                                   | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |      2050 | NS      | $812261.06    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Bankinter SA                           | Bankinter SA                                                 | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |      3314 | NS      | $47274.24     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BBVA                                   | Banco Bilbao Vizcaya Argentaria SA                           | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |     30016 | NS      | $501482.69    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortum Oyj                             | Fortum Oyj                                                   | CUSIP: N/A<br>LEI: 635400IUIZZIUJSAMF76       | Long             | EC               | CORP              | FI        |      2238 | NS      | $41093.98     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                 | UCB SA                                                       | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |       633 | NS      | $137577.29    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander SA                     | Banco Santander SA                                           | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |     79935 | NS      | $687448.12    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                       | Deutsche Bank AG                                             | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |      9619 | NS      | $318174.44    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke AG            | Bayerische Motoren Werke AG                                  | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |      1512 | NS      | $144734.57    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke AG            | Bayerische Motoren Werke AG                                  | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EP               | CORP              | DE        |       292 | NS      | $25692.08     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Eventim AG & Co KGaA               | CTS Eventim AG & Co KGaA                                     | CUSIP: N/A<br>LEI: 529900FDHSN08UBJII80       | Long             | EC               | CORP              | DE        |       304 | NS      | $34432.31     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rational AG                            | Rational AG                                                  | CUSIP: N/A<br>LEI: 529900K139N6UFJ1A758       | Long             | EC               | CORP              | DE        |        28 | NS      | $21712.49     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bechtle AG                             | Bechtle AG                                                   | CUSIP: N/A<br>LEI: 529900HA2QT774RUXW59       | Long             | EC               | CORP              | DE        |       422 | NS      | $18406.24     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                     | Deutsche Boerse AG                                           | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |       974 | NS      | $282439.66    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Power Corp SA                   | Public Power Corp SA                                         | CUSIP: N/A<br>LEI: 213800T9Y5XCOVRZ4Y57       | Long             | EC               | CORP              | GR        |      1000 | NS      | $16262.11     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                         | BNP Paribas SA                                               | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |      5301 | NS      | $484323.39    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Port Authority SA              | Piraeus Port Authority SA                                    | CUSIP: N/A<br>LEI: 549300UNB6JCR0XZT864       | Long             | EC               | CORP              | GR        |        42 | NS      | $2310.25      | 0.01%             |  |  |  | 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        |     22852 | NS      | $22851.66     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Raiffeisen Bank International          | Raiffeisen Bank International AG                             | CUSIP: N/A<br>LEI: 9ZHRYM6F437SQJ6OUG95       | Long             | EC               | CORP              | AT        |       662 | NS      | $19219.28     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Recordati Industria Chimica e          | Recordati Industria Chimica e Farmaceutica SpA               | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |       554 | NS      | $31864.15     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alstom SA                              | Alstom SA                                                    | CUSIP: N/A<br>LEI: 96950032TUYMW11FB530       | Long             | EC               | CORP              | FR        |      1898 | NS      | $44706.22     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Amplifon SpA                           | Amplifon SpA                                                 | CUSIP: N/A<br>LEI: ZYXJDNVM2JI3VBM8G556       | Long             | EC               | CORP              | IT        |       662 | NS      | $11154.59     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ANDRITZ AG                             | ANDRITZ AG                                                   | CUSIP: N/A<br>LEI: 549300VZKC61IR5U8G96       | Long             | EC               | CORP              | AT        |       358 | NS      | $25023.68     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco de Sabadell SA                   | Banco de Sabadell SA                                         | CUSIP: N/A<br>LEI: SI5RG2M0WQQLZCXKRM20       | Long             | EC               | CORP              | ES        |     28586 | NS      | $105729.09    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Danone SA                              | Danone SA                                                    | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |      3356 | NS      | $275291.04    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Liquide SA                         | Air Liquide SA                                               | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |      3054 | NS      | $602247.25    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Amadeus IT Group SA                    | Amadeus IT Group SA                                          | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               | CORP              | ES        |      2320 | NS      | $186442.99    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| FF Group                               | FF Group                                                     | CUSIP: N/A<br>LEI: 213800ZMDLVEKZIKFX90       | Long             | EC               | CORP              | GR        |      1259 | NS      | $6896.50      | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Unipol Assicurazioni SpA               | Unipol Assicurazioni SpA                                     | CUSIP: N/A<br>LEI: 8156005CE5E7340CCA86       | Long             | EC               | CORP              | IT        |      1934 | NS      | $38877.75     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| KION Group AG                          | KION Group AG                                                | CUSIP: N/A<br>LEI: 5299005KY91C4C6U9H17       | Long             | EC               | CORP              | DE        |       368 | NS      | $22782.93     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Ireland Group PLC              | Bank of Ireland Group PLC                                    | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | EC               | CORP              | IE        |      5216 | NS      | $70269.30     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Redeia Corp SA                         | Redeia Corp SA                                               | CUSIP: N/A<br>LEI: 5493009HMD0C90GUV498       | Long             | EC               | CORP              | ES        |      2081 | NS      | $40253.52     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMerieux                             | BioMerieux                                                   | CUSIP: N/A<br>LEI: 549300AK8Y0LBIQ4T071       | Long             | EC               | CORP              | FR        |       225 | NS      | $32301.69     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Unibail-Rodamco-Westfield              | Unibail-Rodamco-Westfield                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |       493 | NS      | $47957.05     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BE Semiconductor Industries NV         | BE Semiconductor Industries NV                               | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |       363 | NS      | $49337.88     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Holdings SA                      | Quest Holdings SA                                            | CUSIP: N/A<br>LEI: 549300GTDOPCSETABE37       | Long             | EC               | CORP              | GR        |       140 | NS      | $1169.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Akzo Nobel NV                          | Akzo Nobel NV                                                | CUSIP: N/A<br>LEI: 724500XYIJUGXAA5QD70       | Long             | EC               | CORP              | NL        |       880 | NS      | $55314.46     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                              | Prosus NV                                                    | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |      6770 | NS      | $388150.68    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Monte dei Paschi di Sien         | Banca Monte dei Paschi di Siena SpA                          | CUSIP: N/A<br>LEI: J4CP7MHCXR8DAQMKIL78       | Long             | EC               | CORP              | IT        |      4488 | NS      | $38238.68     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Traton SE                              | Traton SE                                                    | CUSIP: N/A<br>LEI: 529900UIMQRKPFN6SV80       | Long             | EC               | CORP              | DE        |       326 | NS      | $11213.03     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CTP NV                                 | CTP NV                                                       | CUSIP: N/A<br>LEI: 3157000YTVO4TN65UM14       | Long             | EC               | CORP              | NL        |       607 | NS      | $12912.09     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes SE                   | Dassault Systemes SE                                         | CUSIP: N/A<br>LEI: 96950065LBWY0APQIM86       | Long             | EC               | CORP              | FR        |      3505 | NS      | $115557.36    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Davide Campari-Milano NV               | Davide Campari-Milano NV                                     | CUSIP: N/A<br>LEI: 213800ED5AN2J56N6Z02       | Long             | EC               | CORP              | IT        |      2874 | NS      | $19875.65     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Aviation SA                   | Dassault Aviation SA                                         | CUSIP: N/A<br>LEI: 969500CVFTUT88V8QN95       | Long             | EC               | CORP              | FR        |        96 | NS      | $29842.86     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FinecoBank Banca Fineco SpA            | FinecoBank Banca Fineco SpA                                  | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |      3258 | NS      | $69601.56     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| QIAGEN NV                              | QIAGEN NV                                                    | CUSIP: N/A<br>LEI: 54930036WK3GMCN17Z57       | Long             | EC               | CORP              | NL        |      1134 | NS      | $56682.53     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Daimler Truck Holding AG               | Daimler Truck Holding AG                                     | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |      2647 | NS      | $129379.08    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CVC Capital Partners PLC               | CVC Capital Partners PLC                                     | CUSIP: N/A<br>LEI: 213800E8UQS1KA32YD39       | Long             | EC               | CORP              | LU        |      1086 | NS      | $20957.31     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Bank SA                          | Alpha Bank SA                                                | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | EC               | CORP              | GR        |     10836 | NS      | $40807.97     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco BPM SpA                          | Banco BPM SpA                                                | CUSIP: N/A<br>LEI: 815600E4E6DCD2D25E30       | Long             | EC               | CORP              | IT        |      7815 | NS      | $99887.02     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                          | UniCredit SpA                                                | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |      8261 | NS      | $609296.71    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Aktor SA Holding Company Techn         | Aktor SA Holding Company Technical And Energy Projects       | CUSIP: N/A<br>LEI: 213800SNEJL2ZM642D98       | Long             | EC               | CORP              | GR        |       260 | NS      | $1851.48      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Anheuser-Busch InBev SA/NV             | Anheuser-Busch InBev SA/NV                                   | CUSIP: N/A<br>LEI: 5493008H3828EMEXB082       | Long             | EC               | CORP              | BE        |      5112 | NS      | $299858.26    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Poste Italiane SpA                     | Poste Italiane SpA                                           | CUSIP: N/A<br>LEI: 815600354DEDBD0BA991       | Long             | EC               | CORP              | IT        |      2326 | NS      | $50341.32     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Amundi SA                              | Amundi SA                                                    | CUSIP: N/A<br>LEI: 96950010FL2T1TJKR531       | Long             | EC               | CORP              | FR        |       292 | NS      | $21676.65     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pirelli & C SpA                        | Pirelli & C SpA                                              | CUSIP: N/A<br>LEI: 815600A0C9AFC1F2A709       | Long             | EC               | CORP              | IT        |      1902 | NS      | $12849.74     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Delivery Hero SE                       | Delivery Hero SE                                             | CUSIP: N/A<br>LEI: 529900C3EX1FZGE48X78       | Long             | EC               | CORP              | DE        |      1182 | NS      | $35462.56     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Comercial Portugues SA           | Banco Comercial Portugues SA                                 | CUSIP: N/A<br>LEI: JU1U6S0DG9YLT7N8ZV32       | Long             | EC               | CORP              | PT        |     46892 | NS      | $38615.12     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Thales SA                              | Thales SA                                                    | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |       475 | NS      | $127820.19    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Telekom Austria AG                     | Telekom Austria AG                                           | CUSIP: N/A<br>LEI: 529900KCNFQU5OJH7L33       | Long             | EC               | CORP              | AT        |       444 | NS      | $4712.25      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sofina SA                              | Sofina SA                                                    | CUSIP: N/A<br>LEI: 5493000GMVR38VUO5D39       | Long             | EC               | CORP              | BE        |        74 | NS      | $22767.41     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Stora Enso Oyj                         | Stora Enso Oyj                                               | CUSIP: N/A<br>LEI: 7437000ZP669LKUTZ738       | Long             | EC               | CORP              | FI        |      3042 | NS      | $31361.83     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica SA                          | Telefonica SA                                                | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |     21710 | NS      | $112084.22    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics NV                  | STMicroelectronics NV                                        | CUSIP: N/A<br>LEI: 213800Z8NOHIKRI42W10       | Long             | EC               | CORP              | CH        |      3415 | NS      | $87511.64     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA                    | Societe Generale SA                                          | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |      3806 | NS      | $243057.23    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleperformance SE                     | Teleperformance SE                                           | CUSIP: N/A<br>LEI: 9695004GI61FHFFNRG61       | Long             | EC               | CORP              | FR        |       292 | NS      | $28564.53     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sodexo SA                              | Sodexo SA                                                    | CUSIP: N/A<br>LEI: 969500LCBOG12HXPYM84       | Long             | EC               | CORP              | FR        |       422 | NS      | $25186.99     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Snam SpA                               | Snam SpA                                                     | CUSIP: N/A<br>LEI: 8156002278562044AF79       | Long             | EC               | CORP              | IT        |     10917 | NS      | $63214.37     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Telecom Italia SpA/Milano              | Telecom Italia SpA/Milano                                    | CUSIP: N/A<br>LEI: 549300W384M3RI3VXU42       | Long             | EC               | CORP              | IT        |     56194 | NS      | $25888.73     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Telecom Italia SpA/Milano              | Telecom Italia SpA/Milano                                    | CUSIP: N/A<br>LEI: 549300W384M3RI3VXU42       | Long             | EC               | CORP              | IT        |     24096 | NS      | $12432.01     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Terna - Rete Elettrica Naziona         | Terna - Rete Elettrica Nazionale                             | CUSIP: N/A<br>LEI: 8156009E94ED54DE7C31       | Long             | EC               | CORP              | IT        |      7462 | NS      | $71974.19     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Symrise AG                             | Symrise AG                                                   | CUSIP: N/A<br>LEI: 529900D82I6R9601CF26       | Long             | EC               | CORP              | DE        |       698 | NS      | $63326.37     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Talanx AG                              | Talanx AG                                                    | CUSIP: N/A<br>LEI: 5299006ZIILJ6VJVSJ32       | Long             | EC               | CORP              | DE        |       314 | NS      | $41782.10     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellantis NV                          | Stellantis NV                                                | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | NL        |     11398 | NS      | $100976.50    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaris SA                             | Tenaris SA                                                   | CUSIP: N/A<br>LEI: 549300Y7C05BKC4HZB40       | Long             | EC               | CORP              | LU        |      1934 | NS      | $34077.35     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Syensqo SA                             | Syensqo SA                                                   | CUSIP: N/A<br>LEI: 549300060XNJ90PLNS10       | Long             | EC               | CORP              | BE        |       358 | NS      | $28582.15     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                 | RWE AG                                                       | CUSIP: N/A<br>LEI: 529900GB7KCA94ACC940       | Long             | EC               | CORP              | DE        |      3531 | NS      | $144702.22    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SEB SA                                 | SEB SA                                                       | CUSIP: N/A<br>LEI: 969500WP61NBK098AC47       | Long             | EC               | CORP              | FR        |       130 | NS      | $9554.13      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                  | Schneider Electric SE                                        | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      2868 | NS      | $747053.99    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                 | SAP SE                                                       | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      5440 | NS      | $1556999.55   | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co KGaA                    | Henkel AG & Co KGaA                                          | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |       500 | NS      | $35548.40     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hellenic Telecommunications Or         | Hellenic Telecommunications Organization SA                  | CUSIP: N/A<br>LEI: ELPUFM0XZRZO4LFXW404       | Long             | EC               | CORP              | GR        |       778 | NS      | $14116.88     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co KGaA                    | Henkel AG & Co KGaA                                          | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EP               | CORP              | DE        |       866 | NS      | $66787.95     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                         | Rheinmetall AG                                               | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |       229 | NS      | $453546.85    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| HELLENiQ ENERGY Holdings S.A.          | HELLENiQ ENERGY Holdings S.A.                                | CUSIP: N/A<br>LEI: 213800YUBJMZYR1SNG35       | Long             | EC               | CORP              | GR        |       478 | NS      | $4203.03      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol SA                              | Repsol SA                                                    | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |      5972 | NS      | $90506.53     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                              | Sanofi SA                                                    | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |      5680 | NS      | $511042.49    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                             | Siemens AG                                                   | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |      3884 | NS      | $996852.11    | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarantis SA                            | Sarantis SA                                                  | CUSIP: N/A<br>LEI: 21380078FJXYHFE8KP46       | Long             | EC               | CORP              | GR        |       152 | NS      | $2324.40      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                              | Safran SA                                                    | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |      1843 | NS      | $608885.96    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| RTL Group SA                           | RTL Group SA                                                 | CUSIP: N/A<br>LEI: 5493000C8J3C3SZYS040       | Long             | EC               | CORP              | LU        |       184 | NS      | $7265.34      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SCOR SE                                | SCOR SE                                                      | CUSIP: N/A<br>LEI: 96950056ULJ4JI7V3752       | Long             | EC               | CORP              | FR        |       880 | NS      | $28802.08     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexel SA                               | Rexel SA                                                     | CUSIP: N/A<br>LEI: 969500N6AVPA51648T62       | Long             | EC               | CORP              | FR        |      1130 | NS      | $34276.42     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Healthineers AG                | Siemens Healthineers AG                                      | CUSIP: N/A<br>LEI: 529900QBVWXMWANH7H45       | Long             | EC               | CORP              | DE        |      1577 | NS      | $85124.56     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                      | Siemens Energy AG                                            | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |      3367 | NS      | $391927.15    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sampo Oyj                              | Sampo Oyj                                                    | CUSIP: N/A<br>LEI: 743700UF3RL386WIDA22       | Long             | EC               | CORP              | FI        |     12144 | NS      | $130493.92    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Scout24 SE                             | Scout24 SE                                                   | CUSIP: N/A<br>LEI: 5493007EIKM2ENQS7U66       | Long             | EC               | CORP              | DE        |       361 | NS      | $48365.69     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Sartorius Stedim Biotech               | Sartorius Stedim Biotech                                     | CUSIP: N/A<br>LEI: 52990006IVXY7GCSSR39       | Long             | EC               | CORP              | FR        |       143 | NS      | $28721.74     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Reply SpA                              | Reply SpA                                                    | CUSIP: N/A<br>LEI: 815600DAEFB0388F3521       | Long             | EC               | CORP              | IT        |       118 | NS      | $18529.45     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement SA                | Veolia Environnement SA                                      | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | EC               | CORP              | FR        |      3200 | NS      | $108459.72    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                             | L'Oreal SA                                                   | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |      1215 | NS      | $539856.72    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt         | LVMH Moet Hennessy Louis Vuitton SE                          | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |      1348 | NS      | $726634.26    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotus Bakeries NV                      | Lotus Bakeries NV                                            | CUSIP: N/A<br>LEI: 5493004C0K34IFI67I03       | Long             | EC               | CORP              | BE        |         2 | NS      | $16981.07     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LAMDA Development SA                   | LAMDA Development SA                                         | CUSIP: N/A<br>LEI: 213800C7PQZVF38FYL54       | Long             | EC               | CORP              | GR        |       412 | NS      | $3136.07      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mediobanca Banca di Credito Fi         | Mediobanca Banca di Credito Finanziario SpA                  | CUSIP: N/A<br>LEI: PSNL19R2RXX5U3QWHI44       | Long             | EC               | CORP              | IT        |      3004 | NS      | $66300.75     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck KGaA                             | Merck KGaA                                                   | CUSIP: N/A<br>LEI: 529900OAREIS0MOPTW25       | Long             | EC               | CORP              | DE        |       672 | NS      | $84587.63     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| UPM-Kymmene Oyj                        | UPM-Kymmene Oyj                                              | CUSIP: N/A<br>LEI: 213800EC6PW5VU4J9U64       | Long             | EC               | CORP              | FI        |      2755 | NS      | $71526.18     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG                 | Mercedes-Benz Group AG                                       | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |      4004 | NS      | $228925.33    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Vopak NV                   | Koninklijke Vopak NV                                         | CUSIP: N/A<br>LEI: 724500UL634GFV1KYF10       | Long             | EC               | CORP              | NL        |       292 | NS      | $13955.70     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN NV                     | Koninklijke KPN NV                                           | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |     20057 | NS      | $89725.13     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Philips NV                 | Koninklijke Philips NV                                       | CUSIP: N/A<br>LEI: H1FJE8H61JGM1JSGM897       | Long             | EC               | CORP              | NL        |      4324 | NS      | $113988.15    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Fraport AG Frankfurt Airport S         | Fraport AG Frankfurt Airport Services Worldwide              | CUSIP: N/A<br>LEI: 5299001ERX0K10IZUL40       | Long             | EC               | CORP              | DE        |       184 | NS      | $13722.25     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Klepierre SA                           | Klepierre SA                                                 | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |      1054 | NS      | $40366.83     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kone Oyj                               | Kone Oyj                                                     | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |      1601 | NS      | $98551.75     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo SpA                           | Leonardo SpA                                                 | CUSIP: N/A<br>LEI: 529900X4EEX1U9LN3U39       | Long             | EC               | CORP              | IT        |      2132 | NS      | $115009.80    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Legrand SA                             | Legrand SA                                                   | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               | CORP              | FR        |      1333 | NS      | $197682.62    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Mapfre SA                              | Mapfre SA                                                    | CUSIP: N/A<br>LEI: 95980020140005693107       | Long             | EC               | CORP              | ES        |      5108 | NS      | $20822.09     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LEG Immobilien SE                      | LEG Immobilien SE                                            | CUSIP: N/A<br>LEI: 391200SO40AKONBO0Z96       | Long             | EC               | CORP              | DE        |       380 | NS      | $30247.53     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV          | Koninklijke Ahold Delhaize NV                                | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |      4824 | NS      | $190478.28    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Knorr-Bremse AG                        | Knorr-Bremse AG                                              | CUSIP: N/A<br>LEI: 5299001GRRO0Z25YZT52       | Long             | EC               | CORP              | DE        |       336 | NS      | $33685.51     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmet Oyj                             | Valmet Oyj                                                   | CUSIP: N/A<br>LEI: 213800D9O7FUQDH83V62       | Long             | EC               | CORP              | FI        |       725 | NS      | $26235.92     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Music Group NV               | Universal Music Group NV                                     | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |      4997 | NS      | $144731.49    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Generali                               | Generali                                                     | CUSIP: N/A<br>LEI: 549300X5UKJVE386ZB61       | Long             | EC               | CORP              | IT        |      5132 | NS      | $191629.34    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Glanbia PLC                            | Glanbia PLC                                                  | CUSIP: N/A<br>LEI: 635400SRMCBHVMSKJS84       | Long             | EC               | CORP              | IE        |       956 | NS      | $13910.10     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo SpA                    | Intesa Sanpaolo SpA                                          | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |     83022 | NS      | $501673.56    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BPER Banca SPA                         | BPER Banca SPA                                               | CUSIP: N/A<br>LEI: N747OI7JINV7RUUH6190       | Long             | EC               | CORP              | IT        |      5080 | NS      | $50065.48     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                           | Capgemini SE                                                 | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |       820 | NS      | $122494.21    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius SE & Co KGaA                 | Fresenius SE & Co KGaA                                       | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |      2191 | NS      | $104965.57    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| GEK TERNA SA                           | GEK TERNA SA                                                 | CUSIP: N/A<br>LEI: 2138003TO2MTRHWVP686       | Long             | EC               | CORP              | GR        |       304 | NS      | $7514.40      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kesko Oyj                              | Kesko Oyj                                                    | CUSIP: N/A<br>LEI: 743700OX6HSVMCAHPB95       | Long             | EC               | CORP              | FI        |      1390 | NS      | $30266.01     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC Group NV                           | KBC Group NV                                                 | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |      1200 | NS      | $125659.90    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Hannover Rueck SE                      | Hannover Rueck SE                                            | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |       314 | NS      | $95460.99     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kerry Group PLC                        | Kerry Group PLC                                              | CUSIP: N/A<br>LEI: 635400TLVVBNXLFHWC59       | Long             | EC               | CORP              | IE        |       875 | NS      | $81032.39     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Wartsila OYJ Abp                       | Wartsila OYJ Abp                                             | CUSIP: N/A<br>LEI: 743700G7A9J1PHM3X223       | Long             | EC               | CORP              | FI        |      2328 | NS      | $64398.78     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| GEA Group AG                           | GEA Group AG                                                 | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |       770 | NS      | $55447.52     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Continental AG                         | Continental AG                                               | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               | CORP              | DE        |       554 | NS      | $47543.34     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Verbund AG                             | Verbund AG                                                   | CUSIP: N/A<br>LEI: 5299006UDSEJCTTEJS30       | Long             | EC               | CORP              | AT        |       336 | NS      | $25058.03     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HOCHTIEF AG                            | HOCHTIEF AG                                                  | CUSIP: N/A<br>LEI: 529900Y25S8NZIYTT924       | Long             | EC               | CORP              | DE        |        77 | NS      | $16845.15     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidelberg Materials AG                | Heidelberg Materials AG                                      | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |       666 | NS      | $153908.04    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG              | Fresenius Medical Care AG                                    | CUSIP: N/A<br>LEI: 549300CP8NY40UP89Q40       | Long             | EC               | CORP              | DE        |      1116 | NS      | $56648.84     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpump Group SpA                    | Interpump Group SpA                                          | CUSIP: N/A<br>LEI: 815600C79D0F31F4D395       | Long             | EC               | CORP              | IT        |       412 | NS      | $16907.48     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International NV                   | ASM International NV                                         | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |       249 | NS      | $121477.97    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International SCA               | Hermes International SCA                                     | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |       185 | NS      | $454123.73    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Volkswagen AG                          | Volkswagen AG                                                | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EC               | CORP              | DE        |       152 | NS      | $16322.82     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Volkswagen AG                          | Volkswagen AG                                                | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EP               | CORP              | DE        |      1099 | NS      | $115535.03    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Kering SA                              | Kering SA                                                    | CUSIP: N/A<br>LEI: 549300VGEJKB7SVUZR78       | Long             | EC               | CORP              | FR        |       370 | NS      | $91415.89     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrefour SA                           | Carrefour SA                                                 | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               | CORP              | FR        |      2850 | NS      | $40882.95     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer NV                      | Wolters Kluwer NV                                            | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |      1243 | NS      | $193910.67    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Buzzi SpA                              | Buzzi SpA                                                    | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |       434 | NS      | $22644.25     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Intralot SA-Integrated Informa         | Intralot SA-Integrated Information Systems & Gaming Services | CUSIP: N/A<br>LEI: 213800XNTZ8P8L74HM35       | Long             | EC               | CORP              | GR        |      1336 | NS      | $1692.36      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EYDAP SA                               | Athens Water Supply & Sewage Co SA                           | CUSIP: N/A<br>LEI: 213800SA1M6NZ4YSQU91       | Long             | EC               | CORP              | GR        |       216 | NS      | $1806.84      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG               | Infineon Technologies AG                                     | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |      6894 | NS      | $272488.72    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Carl Zeiss Meditec AG                  | Carl Zeiss Meditec AG                                        | CUSIP: N/A<br>LEI: 529900GRL4MZ8NMOOK95       | Long             | EC               | CORP              | DE        |       184 | NS      | $10213.47     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurazeo SE                             | Eurazeo SE                                                   | CUSIP: N/A<br>LEI: 969500C656AA39O94N60       | Long             | EC               | CORP              | FR        |       206 | NS      | $12142.26     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                                 | AXA SA                                                       | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |      9218 | NS      | $448976.05    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Groupe Bruxelles Lambert NV            | Groupe Bruxelles Lambert NV                                  | CUSIP: N/A<br>LEI: 549300KV0ZEHT2KVU152       | Long             | EC               | CORP              | BE        |       422 | NS      | $35444.78     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                    | EssilorLuxottica SA                                          | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |      1527 | NS      | $454125.10    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| JUMBO SA                               | JUMBO SA                                                     | CUSIP: N/A<br>LEI: 549300TGIVUUMY40MZ05       | Long             | EC               | CORP              | GR        |       554 | NS      | $18739.16     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Agricole SA                     | Credit Agricole SA                                           | CUSIP: N/A<br>LEI: 969500TJ5KRTCJQWXH05       | Long             | EC               | CORP              | FR        |      4936 | NS      | $90972.42     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie de Saint-Gobain SA                 | Cie de Saint-Gobain SA                                       | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |      2397 | NS      | $274366.46    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendel SE                              | Wendel SE                                                    | CUSIP: N/A<br>LEI: 969500M98ZMIZYJD5O34       | Long             | EC               | CORP              | FR        |       140 | NS      | $13156.90     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hera SpA                               | Hera SpA                                                     | CUSIP: N/A<br>LEI: 8156009414FD99443B48       | Long             | EC               | CORP              | IT        |      3925 | NS      | $16779.13     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gecina SA                              | Gecina SA                                                    | CUSIP: N/A<br>LEI: 9695003E4MMA10IBTR26       | Long             | EC               | CORP              | FR        |       270 | NS      | $26560.31     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Covivio SA/France                      | Covivio SA/France                                            | CUSIP: N/A<br>LEI: 969500P8M3W2XX376054       | Long             | EC               | CORP              | FR        |       282 | NS      | $18327.57     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken NV                            | Heineken NV                                                  | CUSIP: N/A<br>LEI: 724500K5PTPSST86UQ23       | Long             | EC               | CORP              | NL        |      1473 | NS      | $116089.08    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken Holding NV                    | Heineken Holding NV                                          | CUSIP: N/A<br>LEI: 724500M1WJLFM9TYBS04       | Long             | EC               | CORP              | NL        |       584 | NS      | $39587.80     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ipsen SA                               | Ipsen SA                                                     | CUSIP: N/A<br>LEI: 549300M6SGDPB4Z94P11       | Long             | EC               | CORP              | FR        |       172 | NS      | $20354.91     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Arkema SA                              | Arkema SA                                                    | CUSIP: N/A<br>LEI: 9695000EHMS84KKP2785       | Long             | EC               | CORP              | FR        |       304 | NS      | $20780.81     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Wacker Chemie AG                       | Wacker Chemie AG                                             | CUSIP: N/A<br>LEI: 0NURKC5Q3CJYZPPK5046       | Long             | EC               | CORP              | DE        |        96 | NS      | $7197.78      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                   | Galp Energia SGPS SA                                         | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               | CORP              | PT        |      2184 | NS      | $41660.17     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                               | Vinci SA                                                     | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |      2649 | NS      | $367601.77    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| adidas AG                              | adidas AG                                                    | CUSIP: N/A<br>LEI: 549300JSX0Z4CW0V5023       | Long             | EC               | CORP              | DE        |       885 | NS      | $169724.23    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP SA                                 | EDP SA                                                       | CUSIP: N/A<br>LEI: 529900CLC3WDMGI9VH80       | Long             | EC               | CORP              | PT        |     15478 | NS      | $66874.03     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ellaktor SA                            | Ellaktor SA                                                  | CUSIP: N/A<br>LEI: 213800VUQHMOGEWKNG87       | Long             | EC               | CORP              | GR        |       422 | NS      | $640.51       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Jeronimo Martins SGPS SA               | Jeronimo Martins SGPS SA                                     | CUSIP: N/A<br>LEI: 259400A8SZP10GB5IB19       | Long             | EC               | CORP              | PT        |      1412 | NS      | $34483.44     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CaixaBank SA                           | CaixaBank SA                                                 | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |     19329 | NS      | $181980.73    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| D'ieteren Group                        | D'ieteren Group                                              | CUSIP: N/A<br>LEI: 549300DV5KJ23OKVTW34       | Long             | EC               | CORP              | BE        |       108 | NS      | $21420.79     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Post AG                       | Deutsche Post AG                                             | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |      5028 | NS      | $226362.42    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                           | Iberdrola SA                                                 | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     34288 | NS      | $600833.35    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Bureau Veritas SA                      | Bureau Veritas SA                                            | CUSIP: N/A<br>LEI: 969500TPU5T3HA5D1F11       | Long             | EC               | CORP              | FR        |      1677 | NS      | $51748.98     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV AG                                 | OMV AG                                                       | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |       728 | NS      | $37119.88     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard SA                       | Pernod Ricard SA                                             | CUSIP: N/A<br>LEI: 52990097YFPX9J0H5D87       | Long             | EC               | CORP              | FR        |      1019 | NS      | $105078.16    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Getlink SE                             | Getlink SE                                                   | CUSIP: N/A<br>LEI: 9695007ZEQ7M0OE74G82       | Long             | EC               | CORP              | FR        |      1814 | NS      | $32915.20     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Brenntag SE                            | Brenntag SE                                                  | CUSIP: N/A<br>LEI: NNROIXVWJ7CPSR27SV97       | Long             | EC               | CORP              | DE        |       630 | NS      | $39211.89     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                | E.ON SE                                                      | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |     11763 | NS      | $214179.04    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                              | Orange SA                                                    | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |     11044 | NS      | $168192.66    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Evonik Industries AG                   | Evonik Industries AG                                         | CUSIP: N/A<br>LEI: 41GUOJQTALQHLF39XJ34       | Long             | EC               | CORP              | DE        |      1292 | NS      | $25758.32     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunello Cucinelli SpA                 | Brunello Cucinelli SpA                                       | CUSIP: N/A<br>LEI: 5493003CX2RZ0FOBH256       | Long             | EC               | CORP              | IT        |       172 | NS      | $19338.15     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerzbank AG                         | Commerzbank AG                                               | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               | CORP              | DE        |      4448 | NS      | $162637.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                        | ASML Holding NV                                              | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      2088 | NS      | $1460911.36   | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Vonovia SE                             | Vonovia SE                                                   | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |      3723 | NS      | $115904.28    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Italgas SpA                            | Italgas SpA                                                  | CUSIP: N/A<br>LEI: 815600F25FF44EF1FA76       | Long             | EC               | CORP              | IT        |      2936 | NS      | $24274.85     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                             | Ferrari NV                                                   | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | IT        |       631 | NS      | $277453.64    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ASR Nederland NV                       | ASR Nederland NV                                             | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |       760 | NS      | $50616.36     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Endesa SA                              | Endesa SA                                                    | CUSIP: N/A<br>LEI: 549300LHK07F2CHV4X31       | Long             | EC               | CORP              | ES        |      1630 | NS      | $47154.99     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Lufthansa AG                  | Deutsche Lufthansa AG                                        | CUSIP: N/A<br>LEI: 529900PH63HYJ86ASW55       | Long             | EC               | CORP              | DE        |      3086 | NS      | $26568.05     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenergy Holdings SA                    | Cenergy Holdings SA                                          | CUSIP: N/A<br>LEI: 549300P50MFNOHG4U221       | Long             | EC               | CORP              | BE        |       314 | NS      | $3676.54      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Autohellas Tourist and Trading         | Autohellas Tourist and Trading SA                            | CUSIP: N/A<br>LEI: 213800DNMN314TEZPP87       | Long             | EC               | CORP              | GR        |        96 | NS      | $1165.67      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                    | Erste Group Bank AG                                          | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |      1489 | NS      | $136874.42    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Munich Re                              | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen    | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |       691 | NS      | $453900.74    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| A2A SpA                                | A2A SpA                                                      | CUSIP: N/A<br>LEI: 81560076E3944316DB24       | Long             | EC               | CORP              | IT        |      7902 | NS      | $19234.90     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Acciona SA                             | Acciona SA                                                   | CUSIP: N/A<br>LEI: 54930002KP75TLLLNO21       | Long             | EC               | CORP              | ES        |       118 | NS      | $22650.10     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemetschek SE                          | Nemetschek SE                                                | CUSIP: N/A<br>LEI: 529900R0S2IX1S358J38       | Long             | EC               | CORP              | DE        |       301 | NS      | $45033.04     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Naturgy Energy Group SA                | Naturgy Energy Group SA                                      | CUSIP: N/A<br>LEI: TL2N6M87CW970S5SV098       | Long             | EC               | CORP              | ES        |       488 | NS      | $15303.78     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ayvens SA                              | Ayvens SA                                                    | CUSIP: N/A<br>LEI: 969500E7V019H9NP7427       | Long             | EC               | CORP              | FR        |      1129 | NS      | $12181.97     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FDJ UNITED                             | FDJ UNITED                                                   | CUSIP: N/A<br>LEI: 969500R4CLSQFTYYI535       | Long             | EC               | CORP              | FR        |       558 | NS      | $17435.31     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Elisa Oyj                              | Elisa Oyj                                                    | CUSIP: N/A<br>LEI: 743700TU2S3DXWGU7H32       | Long             | EC               | CORP              | FI        |       738 | NS      | $38034.03     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ackermans & van Haaren NV              | Ackermans & van Haaren NV                                    | CUSIP: N/A<br>LEI: 5493005E2GHATS0Z6J59       | Long             | EC               | CORP              | BE        |       109 | NS      | $26793.80     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Viohalco SA                            | Viohalco SA                                                  | CUSIP: N/A<br>LEI: 549300U0BOLVY36TGJ31       | Long             | EC               | CORP              | BE        |       216 | NS      | $1496.25      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Warehouses De Pauw CVA                 | Warehouses De Pauw CVA                                       | CUSIP: N/A<br>LEI: 549300HWDYC5JXC85138       | Long             | EC               | CORP              | BE        |       880 | NS      | $20607.35     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                    | Deutsche Telekom AG                                          | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |     17433 | NS      | $626280.53    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Accor SA                               | Accor SA                                                     | CUSIP: N/A<br>LEI: 969500QZC2Q0TK11NV07       | Long             | EC               | CORP              | FR        |      1162 | NS      | $59222.52     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| JDE Peet's NV                          | JDE Peet's NV                                                | CUSIP: N/A<br>LEI: 724500EHG519SE5ZRT89       | Long             | EC               | CORP              | NL        |       792 | NS      | $23571.91     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| EXOR NV                                | EXOR NV                                                      | CUSIP: N/A<br>LEI: 5493002ENHZ6NYET7405       | Long             | EC               | CORP              | NL        |       478 | NS      | $46230.61     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Metlen Energy & Metals SA              | Metlen Energy & Metals SA                                    | CUSIP: N/A<br>LEI: 213800KT8MEUJEJ2KW41       | Long             | EC               | CORP              | GR        |       564 | NS      | $31139.17     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Oyj                              | Nokia Oyj                                                    | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | FI        |     25719 | NS      | $105309.75    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Motor Oil Hellas Corinth Refin         | Motor Oil Hellas Corinth Refineries SA                       | CUSIP: N/A<br>LEI: 213800U3Y9UL7Y4QVM11       | Long             | EC               | CORP              | GR        |       292 | NS      | $8390.75      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OPAP SA                                | OPAP SA                                                      | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |       956 | NS      | $21448.82     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| InPost SA                              | InPost SA                                                    | CUSIP: N/A<br>LEI: 2221003M23QLERR89585       | Long             | EC               | CORP              | PL        |      1228 | NS      | $17685.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext NV                            | Euronext NV                                                  | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | NL        |       465 | NS      | $75141.22     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                               | Enel SpA                                                     | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |     41115 | NS      | $362835.99    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni SpA                                | Eni SpA                                                      | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |     10894 | NS      | $185364.72    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| IMCD NV                                | IMCD NV                                                      | CUSIP: N/A<br>LEI: 724500NSJPNFJPDAUP02       | Long             | EC               | CORP              | NL        |       304 | NS      | $33415.82     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurofins Scientific SE                 | Eurofins Scientific SE                                       | CUSIP: N/A<br>LEI: 529900JEHFM47DYY3S57       | Long             | EC               | CORP              | LU        |       578 | NS      | $44405.22     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ACS Actividades de Construccio         | ACS Actividades de Construccion y Servicios SA               | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |       978 | NS      | $67412.10     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Neste Oyj                              | Neste Oyj                                                    | CUSIP: N/A<br>LEI: 5493009GY1X8GQ66AM14       | Long             | EC               | CORP              | FI        |      2140 | NS      | $33787.42     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MTU Aero Engines AG                    | MTU Aero Engines AG                                          | CUSIP: N/A<br>LEI: 529900807L67JY81RD65       | Long             | EC               | CORP              | DE        |       282 | NS      | $121711.80    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Elia Group SA/NV                       | Elia Group SA/NV                                             | CUSIP: N/A<br>LEI: 549300S1MP1NFDIKT460       | Long             | EC               | CORP              | BE        |       238 | NS      | $27486.51     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                               | Engie SA                                                     | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |      9349 | NS      | $209327.47    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Wohnen SE                     | Deutsche Wohnen SE                                           | CUSIP: N/A<br>LEI: 529900QE24Q67I3FWZ10       | Long             | EC               | CORP              | DE        |       250 | NS      | $6362.19      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                              | Argenx SE                                                    | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |       323 | NS      | $219100.51    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| FUCHS SE                               | FUCHS SE                                                     | CUSIP: N/A<br>LEI: 529900SNF9E1P5ZO4P98       | Long             | EC               | CORP              | DE        |       152 | NS      | $5368.66      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Eiffage SA                             | Eiffage SA                                                   | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |       352 | NS      | $47260.32     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                       | TotalEnergies SE                                             | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |     10773 | NS      | $639541.99    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| FUCHS SE                               | FUCHS SE                                                     | CUSIP: N/A<br>LEI: 529900SNF9E1P5ZO4P98       | Long             | EP               | CORP              | DE        |       352 | NS      | $16164.52     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Corp ACCIONA Energias Renovabl         | Corp ACCIONA Energias Renovables SA                          | CUSIP: N/A<br>LEI: 254900UPX0OEHTKB9Y44       | Long             | EC               | CORP              | ES        |       292 | NS      | $7857.58      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Aeroports de Paris SA                  | Aeroports de Paris SA                                        | CUSIP: N/A<br>LEI: 969500PJMBSFHYC37989       | Long             | EC               | CORP              | FR        |       200 | NS      | $24284.75     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Oyj                              | Orion Oyj                                                    | CUSIP: N/A<br>LEI: 74370029VAHCXDR7B745       | Long             | EC               | CORP              | FI        |       542 | NS      | $43482.72     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA          | Industria de Diseno Textil SA                                | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |      5859 | NS      | $280222.64    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Athens International Airport S         | Athens International Airport SA                              | CUSIP: N/A<br>LEI: 213800BC45UCMQYR4995       | Long             | EC               | CORP              | GR        |       380 | NS      | $4336.56      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Metso Oyj                              | Metso Oyj                                                    | CUSIP: N/A<br>LEI: 549300R0VN9C371W0E07       | Long             | EC               | CORP              | FI        |      3920 | NS      | $49499.36     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Prysmian SpA                           | Prysmian SpA                                                 | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               | CORP              | IT        |      1518 | NS      | $121922.28    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Zalando SE                             | Zalando SE                                                   | CUSIP: N/A<br>LEI: 529900YRFFGH5AXU4S86       | Long             | EC               | CORP              | DE        |      1200 | NS      | $35222.02     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Covestro AG                            | Covestro AG                                                  | CUSIP: N/A<br>LEI: 3912005AWHKLQ1CPLV11       | Long             | EC               | CORP              | DE        |       919 | NS      | $62296.55     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Aalberts NV                            | Aalberts NV                                                  | CUSIP: N/A<br>LEI: 549300EMP9DT6Q35HZ31       | Long             | EC               | CORP              | NL        |       500 | NS      | $16068.11     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Aegean Airlines SA                     | Aegean Airlines SA                                           | CUSIP: N/A<br>LEI: 213800VI8OH5EJM18L21       | Long             | EC               | CORP              | GR        |       206 | NS      | $2966.80      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrovial SE                           | Ferrovial SE                                                 | CUSIP: N/A<br>LEI: 72450022R2ZFL41Y6I04       | Long             | EC               | CORP              | NL        |      2526 | NS      | $129432.02    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom SA                     | Cellnex Telecom SA                                           | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               | CORP              | ES        |      2988 | NS      | $105707.15    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DiaSorin SpA                           | DiaSorin SpA                                                 | CUSIP: N/A<br>LEI: 8156002878BDF0EE4348       | Long             | EC               | CORP              | IT        |       108 | NS      | $10562.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis SA                      | EDP Renovaveis SA                                            | CUSIP: N/A<br>LEI: 529900MUFAH07Q1TAX06       | Long             | EC               | CORP              | ES        |      1554 | NS      | $18266.29     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Edenred SE                             | Edenred SE                                                   | CUSIP: N/A<br>LEI: 9695006LOD5B2D7Y0N70       | Long             | EC               | CORP              | FR        |      1238 | NS      | $35489.70     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ageas SA/NV                            | Ageas SA/NV                                                  | CUSIP: N/A<br>LEI: 5493005DJBML6LY3RV36       | Long             | EC               | CORP              | BE        |       983 | NS      | $67027.57     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Grifols SA                             | Grifols SA                                                   | CUSIP: N/A<br>LEI: 959800HSSNXWRKBK4N60       | Long             | EP               | CORP              | ES        |      1326 | NS      | $14231.95     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                       | ArcelorMittal SA                                             | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |      2249 | NS      | $70631.75     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Holding Co ADMIE IPTO SA               | Holding Co ADMIE IPTO SA                                     | CUSIP: N/A<br>LEI: 213800CO5OAZT7F4F862       | Long             | EC               | CORP              | GR        |       586 | NS      | $2213.54      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Mediolanum SpA                   | Banca Mediolanum SpA                                         | CUSIP: N/A<br>LEI: 7LVZJ6XRIE7VNZ4UBX81       | Long             | EC               | CORP              | IT        |      1108 | NS      | $19598.98     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Grifols SA                             | Grifols SA                                                   | CUSIP: N/A<br>LEI: 959800HSSNXWRKBK4N60       | Long             | EC               | CORP              | ES        |      1548 | NS      | $23177.51     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurobank Ergasias Services and         | Eurobank Ergasias Services and Holdings SA                   | CUSIP: N/A<br>LEI: JEUVK5RWVJEN8W0C9M24       | Long             | EC               | CORP              | GR        |     12988 | NS      | $47993.36     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Infrastrutture Wireless Italia         | Infrastrutture Wireless Italiane SpA                         | CUSIP: N/A<br>LEI: 81560066183FE361C071       | Long             | EC               | CORP              | IT        |      1770 | NS      | $20926.43     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep NV                           | ING Groep NV                                                 | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |     16177 | NS      | $378270.09    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AIB Group PLC                          | AIB Group PLC                                                | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |     10901 | NS      | $86459.60     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordea Bank Abp                        | Nordea Bank Abp                                              | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |     16876 | NS      | $246513.97    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS Group GmbH & Co KGaA               | DWS Group GmbH & Co KGaA                                     | CUSIP: N/A<br>LEI: 529900VM3464806ERS69       | Long             | EC               | CORP              | DE        |       162 | NS      | $9752.13      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Greece SA             | National Bank of Greece SA                                   | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |      4314 | NS      | $60505.39     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Moncler SpA                            | Moncler SpA                                                  | CUSIP: N/A<br>LEI: 815600EBD7FB00525B20       | Long             | EC               | CORP              | IT        |      1172 | NS      | $62781.65     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexi SpA                               | Nexi SpA                                                     | CUSIP: N/A<br>LEI: 5493000P70CQRQG8SN85       | Long             | EC               | CORP              | IT        |      2524 | NS      | $14430.76     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan SA                               | Titan SA                                                     | CUSIP: N/A<br>LEI: 213800H2CDP9I374WH83       | Long             | EC               | CORP              | BE        |       194 | NS      | $8047.63      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Optima bank SA                         | Optima bank SA                                               | CUSIP: N/A<br>LEI: 2138008NSD1X1XFUK750       | Long             | EC               | CORP              | GR        |      1007 | NS      | $8308.64      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Financial Holdings SA          | Piraeus Financial Holdings SA                                | CUSIP: N/A<br>LEI: M6AD1Y1KW32H8THQ6F76       | Long             | EC               | CORP              | GR        |      5543 | NS      | $42824.83     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NN Group NV                            | NN Group NV                                                  | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |      1378 | NS      | $93033.52     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Merlin Properties Socimi SA            | Merlin Properties Socimi SA                                  | CUSIP: N/A<br>LEI: 959800L8KD863DP30X04       | Long             | EC               | CORP              | ES        |      1944 | NS      | $27021.26     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Michelin                               | Cie Generale des Etablissements Michelin SCA                 | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |      3674 | NS      | $131066.04    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| DSM-Firmenich AG                       | DSM-Firmenich AG                                             | CUSIP: N/A<br>LEI: 506700G44V67MPM4BI12       | Long             | EC               | CORP              | CH        |       963 | NS      | $92885.48     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Aegon Ltd                              | Aegon Ltd                                                    | CUSIP: N/A<br>LEI: O4QK7KMMK83ITNTHUG69       | Long             | EC               | CORP              | NL        |      6792 | NS      | $48707.51     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena SME SA                            | Aena SME SA                                                  | CUSIP: N/A<br>LEI: 959800R7QMXKF0NFMT29       | Long             | EC               | CORP              | ES        |      3674 | NS      | $98928.45     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ABN AMRO Bank NV                       | ABN AMRO Bank NV                                             | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |      2728 | NS      | $78950.64     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                               | Adyen NV                                                     | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |       137 | NS      | $236174.01    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-25

**Name of Applicant:** Pacer Funds Trust

**Signature:** /s/ Bruce Kavanaugh

**Name of Signer:** Pacer Funds Trust

**Title:** Vice President