# EDGAR Filing Document

**Accession Number:** 0001616668
**File Stem:** 0001145549-23-018705
**Filing Date:** 2023-3
**Character Count:** 67758
**Document Hash:** a37e8731f0b1426f57c929f5a15adb96
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-018705.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001145549-23-018705

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20230430

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23024
- **FILM NUMBER:** 23768047

**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 Emerging Markets Cash Cows 100 ETF (Series ID: S000064827)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000209869 | Pacer Emerging Markets Cash Cows 100 ETF | ECOW            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Pacer Emerging Markets Cash Cows 100 ETF** | | |
| **Schedule of Investments** | | |
| **January 31, 2023 (Unaudited)** | | |
|  |<br><br>**Shares** |<br><br>**Value** |
| **COMMON STOCKS - 92.2%** | | |
| **Brazil - 4.0%** | | |
| Ambev SA - ADR | 235082 | $625318 |
| CPFL Energia SA | 27010 | 177076 |
| EDP - Energias do Brasil SA | 39800 | 161041 |
| Telefonica Brasil SA - ADR | 63952 | 519930 |
| TIM SA/Brazil - ADR | 15410 | 178448 |
| Transmissora Alianca de Energia Eletrica SA | 11136 | 81387 |
|  |  | 1743200 |
| **Cayman Islands - 5.8%** |  |  |
| China Meidong Auto Holdings Ltd. | 39076 | 96679 |
| Geely Automobile Holdings Ltd. | 460800 | 742814 |
| JD Logistics, Inc. (a)(b) | 126690 | 279840 |
| NetEase, Inc. | 12123 | 1074219 |
| Sino Biopharmaceutical Ltd. | 592050 | 343550 |
|  |  | 2537102 |
| **Chile - 2.2%** |  |  |
| Cencosud SA | 146787 | 263649 |
| Sociedad Quimica y Minera de Chile SA | 7404 | 722186 |
|  |  | 985835 |
| **China - 21.1%** |  |  |
| Aluminum Corp of China Ltd. - Class H | 1978320 | 1052090 |
| China Coal Energy Co. Ltd. - Class H | 957127 | 765345 |
| China Hongqiao Group Ltd. | 722978 | 835360 |
| China Shenhua Energy Co. Ltd. - Class H | 288620 | 896284 |
| China Tower Corp Ltd. - Class H (b) | 7937273 | 900910 |
| COSCO SHIPPING Holdings Co. Ltd. - Class H | 802527 | 829019 |
| Dongfang Electric Corp Ltd. - Class H | 141288 | 251542 |
| Hengan International Group Co. Ltd. | 39312 | 193022 |
| Jiangxi Copper Co. Ltd. - Class H | 379648 | 651698 |
| PetroChina Co. Ltd. - Class H | 1823200 | 969596 |
| Shanghai Fudan Microelectronics Group Co. Ltd. - Class H | 181880 | 755016 |
| Yangzijiang Shipbuilding Holdings Ltd. | 245626 | 241176 |
| Yanzhou Coal Mining Co. Ltd. - Class H | 273990 | 878806 |
|  |  | 9219864 |
| **Colombia - 2.3%** |  |  |
| Ecopetrol SA (c) | 87619 | 997980 |
| **Greece - 1.0%** |  |  |
| Hellenic Telecommunications Organization SA | 12759 | 200712 |
| OPAP SA | 14850 | 222466 |
|  |  | 423178 |
| **Hong Kong - 1.1%** |  |  |
| Kunlun Energy Co. Ltd. | 604736 | 476623 |
| **Hungary - 0.2%** |  |  |
| Richter Gedeon Nyrt | 4246 | 95708 |
| **Indonesia - 6.5%** |  |  |
| Adaro Energy Tbk PT | 3326003 | 656769 |
| Astra International Tbk PT | 1720509 | 688663 |
| Bukit Asam Tbk PT | 1082800 | 245598 |
| Perusahaan Gas Negara Tbk PT | 1826067 | 188210 |
| Telkom Indonesia Persero Tbk PT - ADR | 24852 | 646649 |
| United Tractors Tbk PT | 245613 | 402255 |
|  |  | 2828144 |
| **Malaysia - 1.3%** |  |  |
| Genting Malaysia Bhd | 158250 | 105358 |
| Petronas Chemicals Group Bhd | 249200 | 487797 |
|  |  | 593155 |
| **Mexico - 5.7%** |  |  |
| Arca Continental SAB de CV | 36635 | 323150 |
| Coca-Cola Femsa SAB de CV - ADR | 3403 | 259241 |
| Fomento Economico Mexicano SAB de CV - ADR | 8929 | 783966 |
| Grupo Aeroportuario del Sureste SAB de CV | 517 | 140624 |
| Grupo Mexico SAB de CV | 201479 | 896092 |
| Promotora y Operadora de Infraestructura SAB de CV | 8026 | 78331 |
|  |  | 2481404 |
| **Qatar - 2.2%** |  |  |
| Industries Qatar QSC | 186090 | 717942 |
| Qatar Aluminum Manufacturing Co. | 119240 | 59428 |
| Qatar Fuel QSC | 39040 | 191461 |
|  |  | 968831 |
| **Russia - 0.0% (d)(e)** |  |  |
| Alrosa PJSC (a) | 91900 | – |
| Inter RAO UES PJSC | 1901988 | – |
| LUKOIL PJSC - ADR | 2652 | – |
| Magnit PJSC | 1958 | – |
| Magnit PJSC - GDR | 4 | – |
| Magnitogorsk Iron & Steel Works PJSC | 106418 | – |
| Magnitogorsk Iron & Steel Works PJSC - GDR | 2458 | – |
| Severstal PAO | 9320 | – |
| Severstal PAO - GDR | 2129 | – |
| Surgutneftegas PJSC | 477461 | – |
| Tatneft PJSC | 3600 | – |
|  |  | – |
| **South Africa - 8.8%** |  |  |
| African Rainbow Minerals Ltd. | 11657 | 190096 |
| Anglo American Platinum Ltd. | 8730 | 644746 |
| Exxaro Resources Ltd. | 29847 | 373533 |
| Impala Platinum Holdings Ltd. | 45331 | 524563 |
| Kumba Iron Ore Ltd. | 13465 | 409793 |
| Mr Price Group Ltd. | 6954 | 65723 |
| MTN Group Ltd. | 54511 | 460117 |
| MultiChoice Group | 16112 | 110932 |
| Northam Platinum Holdings Ltd. (a) | 11119 | 109062 |
| Sibanye Stillwater Ltd. - ADR (c) | 43050 | 463218 |
| The Bidvest Group Ltd. | 7580 | 97834 |
| Vodacom Group Ltd. | 37041 | 259713 |
| Woolworths Holdings Ltd. | 31728 | 137506 |
|  |  | 3846836 |
| **Taiwan - 17.5%** |  |  |
| AUO Corp. (f) | 0 | 0 |
| Catcher Technology Co. Ltd. | 32382 | 191973 |
| Cheng Shin Rubber Industry Co. Ltd. | 115050 | 132197 |
| China Airlines Ltd. | 509027 | 328897 |
| Eva Airways Corp. | 458197 | 442555 |
| Evergreen Marine Corp Taiwan Ltd. | 158886 | 804351 |
| Globalwafers Co. Ltd. | 17250 | 300475 |
| Innolux Corp. (f) | 0 | 0 |
| Largan Precision Co. Ltd. | 2605 | 184367 |
| Lite-On Technology Corp. | 50530 | 111747 |
| Micro-Star International Co. Ltd. | 29840 | 130193 |
| Nanya Technology Corp. | 83368 | 160489 |
| Novatek Microelectronics Corp. | 38734 | 457971 |
| Realtek Semiconductor Corp. | 19893 | 212015 |
| Sino-American Silicon Products, Inc. | 53667 | 290454 |
| Unimicron Technology Corp. | 74290 | 337738 |
| United Microelectronics Corp. - ADR (c) | 100988 | 821033 |
| Vanguard International Semiconductor Corp. | 42100 | 139796 |
| Wan Hai Lines Ltd. | 338062 | 854585 |
| Wistron Corp. | 638150 | 669499 |
| Wiwynn Corp. | 11090 | 277019 |
| Yang Ming Marine Transport Corp. | 388661 | 809036 |
|  |  | 7656390 |
| **Thailand - 3.1%** |  |  |
| Advanced Info Service PCL | 68509 | 404703 |
| Banpu PCL | 694847 | 244175 |
| PTT Exploration & Production PCL | 133065 | 691326 |
|  |  | 1340204 |
| **Turkey - 7.4%** |  |  |
| Anadolu Efes Biracilik Ve Malt Sanayii AS | 38035 | 105556 |
| BIM Birlesik Magazalar AS | 11771 | 77913 |
| Enka Insaat ve Sanayi AS | 140954 | 222418 |
| KOC Holding AS | 226366 | 920062 |
| Koza Altin Isletmeleri AS | 4201 | 123936 |
| Turk Hava Yollari AO (a) | 121420 | 888254 |
| Turkcell Iletisim Hizmetleri AS | 177275 | 342123 |
| Turkiye Petrol Rafinerileri AS (a) | 17298 | 543884 |
|  |  | 3224146 |
| **United Arab Emirates - 2.0%** |  |  |
| ADNOC Drilling Co. PJSC | 298090 | 275115 |
| Fertiglobe Plc | 574800 | 625956 |
|  |  | 901071 |
| TOTAL COMMON STOCKS (Cost $40,023,448) |  | 40319671 |
| **PREFERRED STOCKS - 6.9%** |  |  |
| **Brazil - 6..9%** |  |  |
| Braskem SA | 62450 | 287873 |
| Cia Paranaense de Energia | 106100 | 163028 |
| Cia Energetica de Minas Gerais - ADR (c) | 154126 | 345242 |
| Gerdau SA - ADR | 101359 | 658834 |
| Metalurgica Gerdau SA | 227700 | 651302 |
| Petroleo Brasileiro SA - ADR | 85931 | 886808 |
| TOTAL PREFERRED STOCKS (Cost $2,755,616) |  | 2993087 |
|  | **Principal Amount** |  |
| **SHORT-TERM INVESTMENTS- 0.3%** |  |  |
| **Money Market Deposit Accounts - 0.3%** |  |  |
| U.S. Bank Money Market Deposit Account 3.300% (g) | $136449 | 136449 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $136,449) |  | 136449 |
|  | **Shares** |  |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 4.6%** |  |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.53% (g) | 2006686 | 2006686 |
| TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $2,006,686) |  | 2006686 |
| **Total Investments (Cost $44,922,199) - 104.0%** |  | 45455893 |
| **Liabilities in Excess of Other Assets - (4.0)%** |  | (1734338) |
| **TOTAL NET ASSETS - 100.0%** |  | $43721555 |

---

---

| | |
|:---|:---|
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |
| ADR | American Depositary Receipt |
| GDR | Global Depositary Receipt |
| <sup>(a)</sup> | Non-income producing security. |
| <sup>(b)</sup> | Restriced security as defined in Rule 144(a) under the Securities Act of 1933. Resale to the public may require registration or may extend only to qualified institutional buyers. <br> At January 31, 2023, the market value of these securities total $1,180,750, which represents 2.7% of total net assets. |
| <sup>(c)</sup> | All or a portion of this security is on loan as of January 31, 2023. The total value of securities on loan is $1,980,796 or 4.5% of net assets. |
| <sup>(d)</sup> | Value determined using significant unobservable inputs. |
| <sup>(e)</sup> | Less than 0.05%. |
| <sup>(f)</sup> | Less than 0.5 shares and $0.50. |
| <sup>(g)</sup> | The rate shown is as of January 31, 2023. |
| For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition does not apply for all purposes of this report, which may combine sub-classifications for reporting ease. | For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition does not apply for all purposes of this report, which may combine sub-classifications for reporting ease. |

---

------

---

| |
|:---|
| **Summary of Fair Value Disclosure at January 31, 2023 (Unaudited)** |
| The following is a summary of significant accounting policies consistently followed by the Funds in the preparation of the financial statements. The financial statements have been prepared in conformity with accounting principals generally accepted in the United States of America ("GAAP"). The Funds are investment companies that follow the accounting and reporting guidelines of Accounting Standards Codification Topic 946 applicable to investment companies. |

---

Securities, including master limited partnerships ("MLPs"), listed on a securities exchange, market or automated quotation system for which quotations are readily available, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded, except for securities listed on Nasdaq Global Market ("Nasdaq"). If, on a particular day, there is no such reported sale, then the most recent quoted bid price will be used. For securities traded on Nasdaq, the Nasdaq Official Closing Price ("NOCP") will be used. If a Fund holds foreign shares of a security for which there is no reported volume, and there is an actively trading local version of the security, the last quoted sale price of the local security shall be used. Prices denominated in foreign currencies are converted to U.S. dollar equivalents at the current exchange rate.<br>Investments in other open-end investment companies, including money market funds, are valued at the investment company's net asset value per share, with the exception of exchange-traded open-end investment companies, which are priced as equity securities described above.<br>Fixed-income securities are normally valued on the basis of quotes obtained from independent pricing services in accordance with procedures adopted by the Board of Trustees. The independent pricing services may employ methodologies that utilize market transactions (if the security is actively traded), broker-dealer supplied valuations, or matrix pricing. Short-term securities that have maturities of less than 60 days, at the time of purchase, are valued at amortized cost, which, when combined with accrued interest, approximates market value.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Options Options on securities that are listed on an exchange shall be valued at the sale price on such exchange (or any other exchange on which such options are listed) having the trade closest to the close of the New York Stock Exchange ("NYSE") on the day of valuation or, if there was no sale on any of the applicable options exchanges on such day, at the mean between the highest bid and lowest ask price on any of such exchanges on such day closest to the close of the NYSE on such day. On the last trading day prior to expiration, expiring options may be priced at intrinsic value.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Foreign currency forward contracts are valued at the current day's interpolated foreign exchange rate, as calculated using the current day's spot rate, and the twenty, sixty, ninety, and one-hundred eighty day forward rates provided by an independent source.<br>Futures contracts are valued at the settlement price on the exchange on which they are principally traded.<br>Units of Mount Vernon Liquid Assets Portfolio are not traded on an exchange and are valued at the investment company's NAV per share as provided by its administrator.<br>Deposit accounts are valued at acquisition cost, which approximates fair value.

---

| |
|:---|
| The Trust's Valuation Procedures provide for the designation of the Adviser as "Valuation Designee". If no quotation is available from either a pricing service, or one or more brokers or there is reason to question the reliability or accuracy of a quotation supplied, securities are valued at fair value as determined in good faith, by the Valuation Designee pursuant to procedures established by the Funds' Board of Trustees (the "Board"). |
| As described above, the Funds utilize various methods to measure the fair value of their investments on a recurring basis. GAAP establishes a hierarchy that prioritizes inputs to valuations methods. The three levels of inputs are: |
| Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have the ability to access. |
| Level 2 – Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data. |
| Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Funds' own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. |
| The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. |
| The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety. |
| The following is a summary of the inputs used to value the Fund's investments as of January 31, 2023: |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description^** | **Level 1** | **Level 2** | **Level 3** | **Investments** <br> **Measured at Net** <br> **Asset Value** | **Total** |
| Common Stocks | $40319671 | $- | $- | $- | $40319671 |
| Preferred Stock | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2993087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2993087 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136449 |
| Investments Purchased with Proceeds from Securities Lending | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 2006686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2006686 |
| Total Investments in Securities | $43449207 | $- | $- | $2006686 | $45455893 |
| ^ See the Schedules of Investments for break out by country. | ^ See the Schedules of Investments for break out by country. |  |  |  |  |

---

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **ECOW** | **Balance as of**<br> **4/30/2022** | **Net Realized** <br> **Gain (Loss)** | **Change in Net Unrealized Appreciation (Depreciation)** | **Purchases** | **Sales** | **Transfers Out of**<br> **Level 3** | **Transfers Into**<br> **Level 3** | **Balance as of**<br> **1/31/2023** |
| Common Stocks | $0 | $- | $- | $- | $- | $- | $- | $0 |
| 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: |  |
| **ECOW** | **Fair Value as of**<br> **1/31/2023** | **Valuation Techniques** | **Unobservable** <br> **Input** | **Impact to** <br> **Valuation** <br> **From an** <br> **Increase** <br> **to Input** |  |  |  |  |
| Common Stocks | $0 | Market <br> comparable<br> companies | Discount for lack <br> of marketability | <br>$0.00 |  |  |  |  |

---

\* Table presents information for eleven securities, which due to the Russian foreign exchange restrictions are not actively trading.

## 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 Emerging Markets Cash Cows 100 ETF

- **b. EDGAR series identifier (if any):** S000064827

- **c. LEI of Series:** 54930000VL7U0WYLRX16

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $41358008.03

**Total Liabilities:** $2492171.73

**Net Assets:** $38865836.30

**Cash Not Reported:** $616032.54

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209869 | 16.04%               | -2.80%               | 5.95%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5204.55                | $2273767.33                                |
| Month 2  | $-1050575.77             | $345309.02                                 |
| Month 3  | $-5927.01                | $1790983.84                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Ambev SA                                  | Ambev SA                                           | CUSIP: 02319V103<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |    208962 | NS      | $555838.92    | 1.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Coca-Cola Femsa SAB de CV                 | Coca-Cola Femsa SAB de CV                          | CUSIP: 191241108<br>LEI: 5493008KEVFYPMGTXO33 | Long             | EC               | CORP              | MX        |      3028 | NS      | $230673.04    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Cia Energetica de Minas Gerais            | Cia Energetica de Minas Gerais                     | CUSIP: 204409601<br>LEI: 254900W703PXLDSEM056 | Long             | EP               | CORP              | BR        |    137001 | NS      | $306882.24    | 0.79%             |  |  |  | No            | 1                  | On Loan: —       |
| PINFRA                                    | Promotora y Operadora de Infraestructura SAB de CV | CUSIP: P7925L103<br>LEI: 52990035X6RK8DBUWA73 | Long             | EC               | CORP              | MX        |      7136 | NS      | $69645.21     | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Mexico SAB de CV                    | Grupo Mexico SAB de CV                             | CUSIP: P49538112<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |    179094 | NS      | $796533.42    | 2.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Metalurgica Gerdau SA                     | Metalurgica Gerdau SA                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | BR        |    202400 | NS      | $578935.05    | 1.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Ecopetrol SA                              | Ecopetrol SA                                       | CUSIP: 279158109<br>LEI: 254900IDGKCJICKBPA66 | Long             | EC               | CORP              | CO        |     77884 | NS      | $887098.76    | 2.28%             |  |  |  | No            | 1                  | On Loan: —       |
| Arca Continental SAB de CV                | Arca Continental SAB de CV                         | CUSIP: P0448R103<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |     32565 | NS      | $287249.22    | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Hellenic Telecommunications Or            | Hellenic Telecommunications Organization SA        | CUSIP: N/A<br>LEI: ELPUFM0XZRZO4LFXW404       | Long             | EC               | CORP              | GR        |     11344 | NS      | $178452.43    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Jiangxi Copper Co Ltd                     | Jiangxi Copper Co Ltd                              | CUSIP: N/A<br>LEI: 3003002E74YFQ6MEZY56       | Long             | EC               | CORP              | CN        |    337468 | NS      | $579292.49    | 1.49%             |  |  |  | No            | 1                  | On Loan: No      |
| African Rainbow Minerals Ltd              | African Rainbow Minerals Ltd                       | CUSIP: S01680107<br>LEI: 529900L3TPSCK8ZVZ589 | Long             | EC               | CORP              | ZA        |     10362 | NS      | $168978.02    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Unimicron Technology Corp                 | Unimicron Technology Corp                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     66590 | NS      | $302732.22    | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Catcher Technology Co Ltd                 | Catcher Technology Co Ltd                          | CUSIP: N/A<br>LEI: 5299006PRSCU66N5JF55       | Long             | EC               | CORP              | TW        |     29022 | NS      | $172053.82    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| China Airlines Ltd                        | China Airlines Ltd                                 | CUSIP: N/A<br>LEI: 25490032B2A0G6D0JP27       | Long             | EC               | CORP              | TW        |    456267 | NS      | $294806.99    | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Cheng Shin Rubber Industry Co             | Cheng Shin Rubber Industry Co Ltd                  | CUSIP: N/A<br>LEI: 3003006VZBNKJZLNJ718       | Long             | EC               | CORP              | TW        |    103130 | NS      | $118500.75    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Telefonica Brasil SA                      | Telefonica Brasil SA                               | CUSIP: 87936R205<br>LEI: 529900MTGG2HSDBIWG79 | Long             | EC               | CORP              | BR        |     56847 | NS      | $462166.11    | 1.19%             |  |  |  | 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        |    134239 | NS      | $134239.22    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| United Microelectronics Corp              | United Microelectronics Corp                       | CUSIP: 910873405<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |     89768 | NS      | $729813.84    | 1.88%             |  |  |  | No            | 1                  | On Loan: —       |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   2006686 | NS      | $2006686.25   | 5.16%             |  |  |  | No            | N/A                | On Loan: No      |
| Cencosud SA                               | Cencosud SA                                        | CUSIP: N/A<br>LEI: 549300NLTGCFV7482429       | Long             | EC               | CORP              | CL        |    130477 | NS      | $234354.00    | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Sino Biopharmaceutical Ltd                | Sino Biopharmaceutical Ltd                         | CUSIP: N/A<br>LEI: 529900LPR4ADFEJAR786       | Long             | EC               | CORP              | HK        |    526270 | NS      | $305379.76    | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| CPFL Energia SA                           | CPFL Energia SA                                    | CUSIP: N/A<br>LEI: 529900GBWSBDXN8GGM28       | Long             | EC               | CORP              | BR        |     24010 | NS      | $157408.51    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Anadolu Efes Biracilik Ve Malt            | Anadolu Efes Biracilik Ve Malt Sanayii AS          | CUSIP: N/A<br>LEI: 7890006LGARYVIPOJX03       | Long             | EC               | CORP              | TR        |     33810 | NS      | $93830.54     | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Enka Insaat ve Sanayi AS                  | Enka Insaat ve Sanayi AS                           | CUSIP: N/A<br>LEI: 789000EE9HXTYDRH9O46       | Long             | EC               | CORP              | TR        |    125294 | NS      | $197707.51    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| KOC Holding AS                            | KOC Holding AS                                     | CUSIP: N/A<br>LEI: 7890005U0H950VH19H45       | Long             | EC               | CORP              | TR        |    201216 | NS      | $817840.33    | 2.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Turk Hava Yollari AO                      | Turk Hava Yollari AO                               | CUSIP: N/A<br>LEI: 789000EV8M3BL7ZPFB03       | Long             | EC               | CORP              | TR        |    107930 | NS      | $789567.26    | 2.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Turkcell Iletisim Hizmetleri A            | Turkcell Iletisim Hizmetleri AS                    | CUSIP: N/A<br>LEI: 7890003EX1LTLS2FFL84       | Long             | EC               | CORP              | TR        |    157580 | NS      | $304113.88    | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Woolworths Holdings Ltd/South             | Woolworths Holdings Ltd/South Africa               | CUSIP: N/A<br>LEI: 37890095421E07184E97       | Long             | EC               | CORP              | ZA        |     28203 | NS      | $122229.21    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Braskem SA                                | Braskem SA                                         | CUSIP: P18533110<br>LEI: 549300RPMQUFGBB7EY44 | Long             | EP               | CORP              | BR        |     55510 | NS      | $255882.04    | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| China Shenhua Energy Co Ltd               | China Shenhua Energy Co Ltd                        | CUSIP: N/A<br>LEI: 529900N9JOX4C108MA40       | Long             | EC               | CORP              | CN        |    256550 | NS      | $796693.41    | 2.05%             |  |  |  | No            | 1                  | On Loan: No      |
| COSCO SHIPPING Holdings Co Ltd            | COSCO SHIPPING Holdings Co Ltd                     | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | CN        |    713357 | NS      | $736905.85    | 1.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Kumba Iron Ore Ltd                        | Kumba Iron Ore Ltd                                 | CUSIP: N/A<br>LEI: 3789006C753402643048       | Long             | EC               | CORP              | ZA        |     11970 | NS      | $364293.88    | 0.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Severstal PAO                             | Severstal PAO                                      | CUSIP: 818150302<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |      2129 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Transmissora Alianca de Energi            | Transmissora Alianca de Energia Eletrica SA        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      9896 | NS      | $72324.65     | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| China Coal Energy Co Ltd                  | China Coal Energy Co Ltd                           | CUSIP: N/A<br>LEI: 529900KRC89344UI3Z10       | Long             | EC               | CORP              | CN        |    850777 | NS      | $680304.78    | 1.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Yangzijiang Shipbuilding Holdi            | Yangzijiang Shipbuilding Holdings Ltd              | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | CN        |    218336 | NS      | $214380.76    | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Magnitogorsk Iron & Steel Work            | Magnitogorsk Iron & Steel Works PJSC               | CUSIP: 559189204<br>LEI: 253400XSJ4C01YMCXG44 | Long             | EC               | CORP              | RU        |      2458 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Magnit PJSC                               | Magnit PJSC                                        | CUSIP: 55953Q202<br>LEI: 2534009KKPTVL99W2Y12 | Long             | EC               | CORP              | RU        |         4 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| China Meidong Auto Holdings Lt            | China Meidong Auto Holdings Ltd                    | CUSIP: N/A<br>LEI: 875500GUQWEG1PXVMG17       | Long             | EC               | CORP              | CN        |     34736 | NS      | $85941.27     | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| LUKOIL PJSC                               | LUKOIL PJSC                                        | CUSIP: 69343P105<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |      2652 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Cia Paranaense de Energia                 | Cia Paranaense de Energia                          | CUSIP: P30557139<br>LEI: 2549001AS1I9A71VG663 | Long             | EP               | CORP              | BR        |     94310 | NS      | $144912.24    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Fomento Economico Mexicano SAB            | Fomento Economico Mexicano SAB de CV               | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |      7939 | NS      | $697044.20    | 1.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Gerdau SA                                 | Gerdau SA                                          | CUSIP: 373737105<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EP               | CORP              | BR        |     90099 | NS      | $585643.50    | 1.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Aeroportuario del Surest            | Grupo Aeroportuario del Sureste SAB de CV          | CUSIP: 40051E202<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |       462 | NS      | $125664.00    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Realtek Semiconductor Corp                | Realtek Semiconductor Corp                         | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |     17833 | NS      | $190060.28    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Bidvest Group Ltd/The                     | Bidvest Group Ltd/The                              | CUSIP: N/A<br>LEI: 5299002ARE4TRMIRGM72       | Long             | EC               | CORP              | ZA        |      6740 | NS      | $86992.48     | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard International Semicon            | Vanguard International Semiconductor Corp          | CUSIP: N/A<br>LEI: 2549001S5Q158BIJJO13       | Long             | EC               | CORP              | TW        |     37740 | NS      | $125318.17    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Yankuang Energy Group Co Ltd              | Yankuang Energy Group Co Ltd                       | CUSIP: N/A<br>LEI: 3003005N7A6HYZ4Z0K39       | Long             | EC               | CORP              | CN        |    243550 | NS      | $781171.45    | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Micro-Star International Co Lt            | Micro-Star International Co Ltd                    | CUSIP: N/A<br>LEI: 254900F4E0BDGJSSD870       | Long             | EC               | CORP              | TW        |     26750 | NS      | $116711.07    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| HENGAN INT'L                              | Hengan International Group Co Ltd                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     34942 | NS      | $171565.01    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Eva Airways Corp                          | Eva Airways Corp                                   | CUSIP: N/A<br>LEI: 254900S1P4XOXV67GC07       | Long             | EC               | CORP              | TW        |    410707 | NS      | $396686.19    | 1.02%             |  |  |  | No            | 1                  | On Loan: No      |
| PetroChina Co Ltd                         | PetroChina Co Ltd                                  | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |   1620620 | NS      | $861861.51    | 2.22%             |  |  |  | No            | 1                  | On Loan: No      |
| United Tractors Tbk PT                    | United Tractors Tbk PT                             | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |    218323 | NS      | $357560.35    | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Dongfang Electric Corp Ltd                | Dongfang Electric Corp Ltd                         | CUSIP: N/A<br>LEI: 529900ISAW6T566F0R12       | Long             | EC               | CORP              | CN        |    125588 | NS      | $223590.73    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Shanghai Fudan Microelectronic            | Shanghai Fudan Microelectronics Group Co Ltd       | CUSIP: N/A<br>LEI: 300300MN0B6IF027O317       | Long             | EC               | CORP              | CN        |    161670 | NS      | $671120.75    | 1.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Nanya Technology Corp                     | Nanya Technology Corp                              | CUSIP: N/A<br>LEI: 254900STKVKJBRRO0835       | Long             | EC               | CORP              | TW        |     74728 | NS      | $143856.07    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| AUO Corp                                  | AUO Corp                                           | CUSIP: N/A<br>LEI: 391200L7PIS4QXYJUQ72       | Long             | EC               | CORP              | TW        |         0 | NS      | $0.22         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Evergreen Marine Corp Taiwan L            | Evergreen Marine Corp Taiwan Ltd                   | CUSIP: N/A<br>LEI: 254900EIJA0A39C5SO15       | Long             | EC               | CORP              | TW        |    142416 | NS      | $720972.58    | 1.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Sino-American Silicon Products            | Sino-American Silicon Products Inc                 | CUSIP: N/A<br>LEI: 529900DMZ4STK7NEXO95       | Long             | EC               | CORP              | TW        |     48107 | NS      | $260362.61    | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Kunlun Energy Co Ltd                      | Kunlun Energy Co Ltd                               | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | HK        |    537546 | NS      | $423666.72    | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Novatek Microelectronics Corp             | Novatek Microelectronics Corp                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     34724 | NS      | $410558.53    | 1.06%             |  |  |  | No            | 1                  | On Loan: No      |
| NetEase Inc                               | NetEase Inc                                        | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | CN        |     10778 | NS      | $955038.58    | 2.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Advanced Info Service PCL                 | Advanced Info Service PCL                          | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | EC               | CORP              | TH        |     60899 | NS      | $359748.71    | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Exxaro Resources Ltd                      | Exxaro Resources Ltd                               | CUSIP: S26949107<br>LEI: 378900BC3D9BFF4E4A37 | Long             | EC               | CORP              | ZA        |     26532 | NS      | $332046.46    | 0.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Aluminum Corp of China Ltd                | Aluminum Corp of China Ltd                         | CUSIP: N/A<br>LEI: 529900TKZUWQLIQN6T48       | Long             | EC               | CORP              | CN        |   1758510 | NS      | $935192.76    | 2.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Largan Precision Co Ltd                   | Largan Precision Co Ltd                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      2335 | NS      | $165258.12    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Lite-On Technology Corp                   | Lite-On Technology Corp                            | CUSIP: N/A<br>LEI: 2549005GU1PQ73SZBT32       | Long             | EC               | CORP              | TW        |     45290 | NS      | $100158.40    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| MTN Group Ltd                             | MTN Group Ltd                                      | CUSIP: S8039R108<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |     48456 | NS      | $409007.63    | 1.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Bukit Asam Tbk PT                         | Bukit Asam Tbk PT                                  | CUSIP: N/A<br>LEI: 529900XX13TXG5L4CN33       | Long             | EC               | CORP              | ID        |    962490 | NS      | $218309.94    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Wistron Corp                              | Wistron Corp                                       | CUSIP: N/A<br>LEI: 254900DIEONKUALBFM06       | Long             | EC               | CORP              | TW        |    572010 | NS      | $600110.41    | 1.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Industries Qatar QSC                      | Industries Qatar QSC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |    165410 | NS      | $638157.62    | 1.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Perusahaan Gas Negara Tbk PT              | Perusahaan Gas Negara Tbk PT                       | CUSIP: N/A<br>LEI: 549300OX1VFDX7ZPN240       | Long             | EC               | CORP              | ID        |   1623172 | NS      | $167298.25    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Anglo American Platinum Ltd               | Anglo American Platinum Ltd                        | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               | CORP              | ZA        |      7760 | NS      | $573107.22    | 1.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Yang Ming Marine Transport Cor            | Yang Ming Marine Transport Corp                    | CUSIP: N/A<br>LEI: 254900WG2ACWNVSP6E13       | Long             | EC               | CORP              | TW        |    348381 | NS      | $725189.43    | 1.87%             |  |  |  | No            | 1                  | On Loan: No      |
| OPAP SA                                   | OPAP SA                                            | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |     13200 | NS      | $197747.43    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Telkom Indonesia Persero Tbk P            | Telkom Indonesia Persero Tbk PT                    | CUSIP: 715684106<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |     22092 | NS      | $574833.84    | 1.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Petroleo Brasileiro SA                    | Petroleo Brasileiro SA                             | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EP               | CORP              | BR        |     76386 | NS      | $788303.52    | 2.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Sibanye Stillwater Ltd                    | Sibanye Stillwater Ltd                             | CUSIP: 82575P107<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |     38270 | NS      | $411785.20    | 1.06%             |  |  |  | No            | 1                  | On Loan: —       |
| Sociedad Quimica y Minera de C            | Sociedad Quimica y Minera de Chile SA              | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |      6584 | NS      | $642203.36    | 1.65%             |  |  |  | No            | 1                  | On Loan: No      |
| TIM SA/Brazil                             | TIM SA/Brazil                                      | CUSIP: 88706T108<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     13700 | NS      | $158646.00    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Magnit PJSC                               | Magnit PJSC                                        | CUSIP: N/A<br>LEI: 2534009KKPTVL99W2Y12       | Long             | EC               | CORP              | RU        |      1958 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Magnitogorsk Iron & Steel Work            | Magnitogorsk Iron & Steel Works PJSC               | CUSIP: N/A<br>LEI: 253400XSJ4C01YMCXG44       | Long             | EC               | CORP              | RU        |    106418 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Inter RAO UES PJSC                        | Inter RAO UES PJSC                                 | CUSIP: N/A<br>LEI: 253400PMFKF8Q8G1FA17       | Long             | EC               | CORP              | RU        |   1901988 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Severstal PAO                             | Severstal PAO                                      | CUSIP: N/A<br>LEI: 213800OKDPTV6K4ONO53       | Long             | EC               | CORP              | RU        |      9320 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Surgutneftegas PJSC                       | Surgutneftegas PJSC                                | CUSIP: N/A<br>LEI: 2138002GZLU65FRAC894       | Long             | EC               | CORP              | RU        |    477461 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Petronas Chemicals Group Bhd              | Petronas Chemicals Group Bhd                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    221510 | NS      | $433595.15    | 1.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Vodacom Group Ltd                         | Vodacom Group Ltd                                  | CUSIP: N/A<br>LEI: 37890012A8DC24B8D663       | Long             | EC               | CORP              | ZA        |     32926 | NS      | $230860.46    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Alrosa PJSC                               | Alrosa PJSC                                        | CUSIP: N/A<br>LEI: 894500DKUWVBYZLLE651       | Long             | EC               | CORP              | RU        |     91900 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Astra International Tbk PT                | Astra International Tbk PT                         | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |   1529344 | NS      | $612145.70    | 1.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Wiwynn Corp                               | Wiwynn Corp                                        | CUSIP: N/A<br>LEI: 254900FV2R15PMKXFL69       | Long             | EC               | CORP              | TW        |      9940 | NS      | $248293.09    | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Qatar Fuel QSC                            | Qatar Fuel QSC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |     34700 | NS      | $170176.98    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Geely Automobile Holdings Ltd             | Geely Automobile Holdings Ltd                      | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | HK        |    409600 | NS      | $660278.66    | 1.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Wan Hai Lines Ltd                         | Wan Hai Lines Ltd                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    303022 | NS      | $766007.32    | 1.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Turkiye Petrol Rafinerileri AS            | Turkiye Petrol Rafinerileri AS                     | CUSIP: N/A<br>LEI: 789000RCNG97UV50EE03       | Long             | EC               | CORP              | TR        |     15378 | NS      | $483514.72    | 1.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Innolux Corp                              | Innolux Corp                                       | CUSIP: N/A<br>LEI: 3003007EXL0825P1MJ10       | Long             | EC               | CORP              | TW        |         0 | NS      | $0.09         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| BIM Birlesik Magazalar AS                 | BIM Birlesik Magazalar AS                          | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               | CORP              | TR        |     10466 | NS      | $69275.33     | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| EDP - Energias do Brasil SA               | EDP - Energias do Brasil SA                        | CUSIP: N/A<br>LEI: 529900MT3VH5D7T9FR43       | Long             | EC               | CORP              | BR        |     35380 | NS      | $143156.47    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| PTT Exploration & Production P            | PTT Exploration & Production PCL                   | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |    118280 | NS      | $614511.36    | 1.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Impala Platinum Holdings Ltd              | Impala Platinum Holdings Ltd                       | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |     40296 | NS      | $466298.83    | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Genting Malaysia Bhd                      | Genting Malaysia Bhd                               | CUSIP: N/A<br>LEI: 254900LABBWDEDUVRB07       | Long             | EC               | CORP              | MY        |    140670 | NS      | $93653.59     | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Adaro Energy Indonesia Tbk PT             | Adaro Energy Indonesia Tbk PT                      | CUSIP: N/A<br>LEI: 529900P2WAH7XA87OI24       | Long             | EC               | CORP              | ID        |   2956448 | NS      | $583794.94    | 1.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Koza Altin Isletmeleri AS                 | Koza Altin Isletmeleri AS                          | CUSIP: N/A<br>LEI: 789000D7X9KM1ZIJX609       | Long             | EC               | CORP              | TR        |      3736 | NS      | $110217.39    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| China Hongqiao Group Ltd                  | China Hongqiao Group Ltd                           | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | CN        |    642648 | NS      | $742542.98    | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Richter Gedeon Nyrt                       | Richter Gedeon Nyrt                                | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |      3776 | NS      | $85113.58     | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| China Tower Corp Ltd                      | China Tower Corp Ltd                               | CUSIP: N/A<br>LEI: 300300T6BNNP0L7O7H91       | Long             | EC               | CORP              | CN        |   7055353 | NS      | $800809.09    | 2.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Qatar Aluminum Manufacturing C            | Qatar Aluminum Manufacturing Co                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |    105990 | NS      | $52824.01     | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| MultiChoice Group                         | MultiChoice Group                                  | CUSIP: N/A<br>LEI: 254900BVQQ7DFBMSVJ81       | Long             | EC               | CORP              | ZA        |     14322 | NS      | $98607.79     | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Banpu PCL                                 | Banpu PCL                                          | CUSIP: N/A<br>LEI: 529900AJ2Z6SUR6TSW75       | Long             | EC               | CORP              | TH        |    617642 | NS      | $217044.75    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Fertiglobe plc                            | Fertiglobe plc                                     | CUSIP: N/A<br>LEI: 984500A99D1B4CPBF744       | Long             | EC               | CORP              | AE        |    510930 | NS      | $556401.95    | 1.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Northam Platinum Holdings Ltd             | Northam Platinum Holdings Ltd                      | CUSIP: N/A<br>LEI: 3789009D0712C7101695       | Long             | EC               | CORP              | ZA        |      9884 | NS      | $96948.41     | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| ADNOC Drilling Co PJSC                    | ADNOC Drilling Co PJSC                             | CUSIP: N/A<br>LEI: 254900JPRSQL1PM0JV19       | Long             | EC               | CORP              | AE        |    264970 | NS      | $244547.74    | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| JD Logistics Inc                          | JD Logistics Inc                                   | CUSIP: G5074S101<br>LEI: 655600LWTFVMV3E2A890 | Long             | EC               | CORP              | CN        |    112610 | NS      | $248739.69    | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Globalwafers Co Ltd                       | Globalwafers Co Ltd                                | CUSIP: N/A<br>LEI: 529900V6RTNF3U5EGX67       | Long             | EC               | CORP              | TW        |     15460 | NS      | $269294.92    | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Mr Price Group Ltd                        | Mr Price Group Ltd                                 | CUSIP: N/A<br>LEI: 378900D3417C35C5D733       | Long             | EC               | CORP              | ZA        |      6184 | NS      | $58445.91     | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| TATNEFT PJSC ADS (REPR 6 ORD RUB0.1)      | TATNEFT PJSC ADS (REPR 6 ORD RUB0.1)               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |      3600 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |

### Signature

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

**Name of Applicant:** Pacer Funds Trust

**Signature:** /s/ Bruce Kavanaugh

**Name of Signer:** Pacer Funds Trust

**Title:** Vice President