# EDGAR Filing Document

**Accession Number:** 0001616668
**File Stem:** 0000894189-25-010200
**Filing Date:** 2025-9
**Character Count:** 55323
**Document Hash:** 891f6942390f7a2b143da3e8fd365200
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-010200.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000894189-25-010200

**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**: 20251031

**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:** 251355801

**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 US Cash Cows Bond ETF (Series ID: S000089366)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000255887 | Pacer US Cash Cows Bond ETF | MILK            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Pacer US Cash Cows Bond ETF** | **Pacer US Cash Cows Bond ETF** | **Pacer US Cash Cows Bond ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |
| **CORPORATE BONDS - 98.3%** | **Par** | **Value** |
| **Communication Services - 7.0%** | **Communication Services - 7.0%** | **Communication Services - 7.0%** |
|  AT&T, Inc., 4.50%, 05/15/2035 | 50000 | $47442 |
| Fox Corp. | Fox Corp. | Fox Corp. |
| &nbsp;&nbsp; 6.50%, 10/13/2033 | 45000 | 48542 |
| &nbsp;&nbsp; 5.48%, 01/25/2039 | 50000 | 48681 |
| &nbsp;&nbsp; 5.58%, 01/25/2049 | 50000 | 46794 |
| Nexstar Media, Inc. | Nexstar Media, Inc. | Nexstar Media, Inc. |
| &nbsp;&nbsp; 5.63%, 07/15/2027 <sup>(a)</sup> | 50000 | 49903 |
| &nbsp;&nbsp; 4.75%, 11/01/2028 <sup>(a)</sup> | 54000 | 52485 |
|  Playtika Holding Corp., 4.25%, 03/15/2029 <sup>(a)</sup> | 55000 | 50292 |
|  |  | 344139 |
| **Consumer Discretionary - 17.7%** | **Consumer Discretionary - 17.7%** | **Consumer Discretionary - 17.7%** |
| BorgWarner, Inc. | BorgWarner, Inc. | BorgWarner, Inc. |
| &nbsp;&nbsp; 5.40%, 08/15/2034 | 50000 | 50558 |
| &nbsp;&nbsp; 4.38%, 03/15/2045 | 60000 | 49292 |
|  Dick's Sporting Goods, Inc., 4.10%, 01/15/2052 | 65000 | 46378 |
| Gap, Inc. | Gap, Inc. | Gap, Inc. |
| &nbsp;&nbsp; 3.63%, 10/01/2029 <sup>(a)</sup> | 52000 | 47986 |
| &nbsp;&nbsp; 3.88%, 10/01/2031 <sup>(a)</sup> | 59000 | 52431 |
|  Kohl's Corp., 5.13%, 05/01/2031 <sup>(b)</sup> | 60000 | 43222 |
|  Lear Corp., 5.25%, 05/15/2049 | 54000 | 46618 |
| Leggett & Platt, Inc. | Leggett & Platt, Inc. | Leggett & Platt, Inc. |
| &nbsp;&nbsp; 3.50%, 11/15/2027 | 52000 | 50358 |
| &nbsp;&nbsp; 4.40%, 03/15/2029 | 54000 | 52727 |
| &nbsp;&nbsp; 3.50%, 11/15/2051 | 74000 | 47600 |
| Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. |
| &nbsp;&nbsp; 6.63%, 09/15/2029 | 50000 | 49778 |
| &nbsp;&nbsp; 7.00%, 04/01/2046 <sup>(b)</sup> | 57000 | 48914 |
| Tapestry, Inc. | Tapestry, Inc. | Tapestry, Inc. |
| &nbsp;&nbsp; 5.10%, 03/11/2030 | 45000 | 45620 |
| &nbsp;&nbsp; 3.05%, 03/15/2032 | 54000 | 48121 |
|  Under Armour, Inc., 3.25%, 06/15/2026 | 50000 | 49182 |
| VF Corp. | VF Corp. | VF Corp. |
| &nbsp;&nbsp; 2.80%, 04/23/2027 | 54000 | 51552 |
| &nbsp;&nbsp; 2.95%, 04/23/2030 | 57000 | 48316 |
|  William Carter Co., 5.63%, 03/15/2027 <sup>(a)</sup> | 45000 | 44624 |
|  |  | 873277 |
| **Consumer Staples - 9.6%** | **Consumer Staples - 9.6%** | **Consumer Staples - 9.6%** |
| Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. |
| &nbsp;&nbsp; 3.40%, 02/04/2041 | 65000 | 48269 |
| &nbsp;&nbsp; 3.88%, 09/16/2046 | 65000 | 47841 |
| &nbsp;&nbsp; 5.95%, 02/14/2049 | 49000 | 48441 |
| &nbsp;&nbsp; 4.45%, 05/06/2050 | 60000 | 46839 |
| Conagra Brands, Inc. | Conagra Brands, Inc. | Conagra Brands, Inc. |
| &nbsp;&nbsp; 5.30%, 11/01/2038 | 50000 | 47073 |
| &nbsp;&nbsp; 5.40%, 11/01/2048 | 50000 | 44062 |
| Pilgrim's Pride Corp. | Pilgrim's Pride Corp. | Pilgrim's Pride Corp. |
| &nbsp;&nbsp; 4.25%, 04/15/2031 | 52000 | 49702 |
| &nbsp;&nbsp; 3.50%, 03/01/2032 | 49000 | 44004 |
| &nbsp;&nbsp; 6.25%, 07/01/2033 | 47000 | 49400 |
| &nbsp;&nbsp; 6.88%, 05/15/2034 | 45000 | 49223 |
|  |  | 474854 |
| **Energy - 22.2%** | **Energy - 22.2%** | **Energy - 22.2%** |
|  Cheniere Energy, Inc., 5.65%, 04/15/2034 | 49000 | 49843 |
| Devon Energy Corp. | Devon Energy Corp. | Devon Energy Corp. |
| &nbsp;&nbsp; 5.20%, 09/15/2034 | 50000 | 48570 |
| &nbsp;&nbsp; 5.00%, 06/15/2045 | 55000 | 45915 |
| &nbsp;&nbsp; 5.75%, 09/15/2054 | 52000 | 46580 |
| Diamondback Energy, Inc. | Diamondback Energy, Inc. | Diamondback Energy, Inc. |
| &nbsp;&nbsp; 6.25%, 03/15/2053 | 47000 | 46626 |
| &nbsp;&nbsp; 5.75%, 04/18/2054 | 50000 | 46439 |
| &nbsp;&nbsp; 5.90%, 04/18/2064 | 50000 | 46176 |
|  EQT Corp., 5.75%, 02/01/2034 | 50000 | 51415 |
| Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP |
| &nbsp;&nbsp; 5.50%, 03/01/2044 | 50000 | 46882 |
| &nbsp;&nbsp; 5.40%, 09/01/2044 | 54000 | 50050 |
| Kinder Morgan, Inc. | Kinder Morgan, Inc. | Kinder Morgan, Inc. |
| &nbsp;&nbsp; 5.55%, 06/01/2045 | 52000 | 48803 |
| &nbsp;&nbsp; 5.20%, 03/01/2048 | 55000 | 48964 |
| Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. |
| &nbsp;&nbsp; 6.45%, 09/15/2036 | 45000 | 45798 |
| &nbsp;&nbsp; 6.20%, 03/15/2040 | 49000 | 47978 |
| &nbsp;&nbsp; 6.60%, 03/15/2046 | 45000 | 44461 |
| &nbsp;&nbsp; 6.05%, 10/01/2054 | 49000 | 44798 |
|  Ovintiv, Inc., 6.25%, 07/15/2033 | 47000 | 48603 |
|  Phillips 66 Co., 5.65%, 06/15/2054 | 42000 | 38811 |
|  Range Resources Corp., 8.25%, 01/15/2029 | 49000 | 50241 |
|  Weatherford International Ltd., 8.63%, 04/30/2030 <sup>(a)</sup> | 50000 | 51366 |
| Williams Cos., Inc. | Williams Cos., Inc. | Williams Cos., Inc. |
| &nbsp;&nbsp; 5.40%, 03/04/2044 | 50000 | 46852 |
| &nbsp;&nbsp; 5.75%, 06/24/2044 | 49000 | 48117 |
| &nbsp;&nbsp; 4.90%, 01/15/2045 | 55000 | 48304 |
|  |  | 1091592 |
| **Health Care - 14.6%** | **Health Care - 14.6%** | **Health Care - 14.6%** |
|  Amgen, Inc., 5.51%, 03/02/2026 | 50000 | 50000 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| &nbsp;&nbsp; 4.13%, 04/01/2040 | 60000 | 49903 |
| &nbsp;&nbsp; 6.00%, 06/01/2044 | 50000 | 49247 |
| &nbsp;&nbsp; 5.88%, 06/01/2053 | 50000 | 47407 |
| &nbsp;&nbsp; 6.00%, 06/01/2063 | 50000 | 47748 |
|  DaVita, Inc., 6.88%, 09/01/2032 <sup>(a)</sup> | 50000 | 51407 |
|  Fortrea Holdings, Inc., 7.50%, 07/01/2030 <sup>(a)</sup> | 50000 | 45715 |
|  Mylan, Inc., 5.20%, 04/15/2048 | 59000 | 46838 |
| Royalty Pharma PLC | Royalty Pharma PLC | Royalty Pharma PLC |
| &nbsp;&nbsp; 3.30%, 09/02/2040 | 65000 | 48749 |
| &nbsp;&nbsp; 3.55%, 09/02/2050 | 70000 | 47434 |
| &nbsp;&nbsp; 3.35%, 09/02/2051 | 73000 | 47097 |
| &nbsp;&nbsp; 5.90%, 09/02/2054 | 49000 | 47334 |
|  Utah Acquisition Sub, Inc., 5.25%, 06/15/2046 | 57000 | 46034 |
| Viatris, Inc. | Viatris, Inc. | Viatris, Inc. |
| &nbsp;&nbsp; 3.85%, 06/22/2040 | 65000 | 47687 |
| &nbsp;&nbsp; 4.00%, 06/22/2050 | 70000 | 45997 |
|  |  | 718597 |
| **Industrials - 5.7%** | **Industrials - 5.7%** | **Industrials - 5.7%** |
|  AGCO Corp., 5.80%, 03/21/2034 | 49000 | 49940 |
|  MasTec, Inc., 5.90%, 06/15/2029 | 49000 | 50632 |
| Owens Corning | Owens Corning | Owens Corning |
| &nbsp;&nbsp; 4.30%, 07/15/2047 | 60000 | 48307 |
| &nbsp;&nbsp; 5.95%, 06/15/2054 | 30000 | 30221 |
| WESCO Distribution, Inc. | WESCO Distribution, Inc. | WESCO Distribution, Inc. |
| &nbsp;&nbsp; 7.25%, 06/15/2028 <sup>(a)</sup> | 49000 | 49652 |
| &nbsp;&nbsp; 6.63%, 03/15/2032 <sup>(a)</sup> | 50000 | 51590 |
|  |  | 280342 |
| **Information Technology - 9.8%** | **Information Technology - 9.8%** | **Information Technology - 9.8%** |
| Arrow Electronics, Inc. | Arrow Electronics, Inc. | Arrow Electronics, Inc. |
| &nbsp;&nbsp; 2.95%, 02/15/2032 | 59000 | 51740 |
| &nbsp;&nbsp; 5.88%, 04/10/2034 | 49000 | 50388 |
|  Crowdstrike Holdings, Inc., 3.00%, 02/15/2029 | 55000 | 51475 |
|  DXC Technology Co., 2.38%, 09/15/2028 | 57000 | 53012 |
|  Hewlett Packard Enterprise Co., 6.35%, 10/15/2045 <sup>(b)</sup> | 45000 | 46270 |
|  Jabil, Inc., 3.00%, 01/15/2031 | 55000 | 49980 |
|  Marvell Technology, Inc., 1.65%, 04/15/2026 | 30000 | 29386 |
|  Qorvo, Inc., 4.38%, 10/15/2029 | 50000 | 48495 |
|  Skyworks Solutions, Inc., 3.00%, 06/01/2031 | 59000 | 51981 |
|  TD SYNNEX Corp., 6.10%, 04/12/2034 | 45000 | 47216 |
|  |  | 479943 |
| **Materials - 11.7%** | **Materials - 11.7%** | **Materials - 11.7%** |
| Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. |
| &nbsp;&nbsp; 1.57%, 01/15/2026 | 54000 | 53182 |
| &nbsp;&nbsp; 5.80%, 06/15/2031 | 49000 | 51386 |
| &nbsp;&nbsp; 5.65%, 01/15/2034 | 50000 | 51685 |
|  CF Industries, Inc., 5.38%, 03/15/2044 | 50000 | 46657 |
| Cleveland-Cliffs, Inc. | Cleveland-Cliffs, Inc. | Cleveland-Cliffs, Inc. |
| &nbsp;&nbsp; 5.88%, 06/01/2027 | 50000 | 50037 |
| &nbsp;&nbsp; 6.75%, 04/15/2030 <sup>(a)</sup> | 49000 | 48742 |
| &nbsp;&nbsp; 7.00%, 03/15/2032 <sup>(a)</sup> | 50000 | 48781 |
| Dow Chemical Co. | Dow Chemical Co. | Dow Chemical Co. |
| &nbsp;&nbsp; 4.63%, 10/01/2044 | 55000 | 44248 |
| &nbsp;&nbsp; 5.55%, 11/30/2048 | 50000 | 44534 |
| &nbsp;&nbsp; 6.90%, 05/15/2053 | 40000 | 41868 |
|  LYB International Finance BV, 4.88%, 03/15/2044 | 55000 | 46095 |
|  Southern Copper Corp., 5.88%, 04/23/2045 | 47000 | 46480 |
|  |  | 573695 |
| **TOTAL CORPORATE BONDS** (Cost $4,795,321) | **TOTAL CORPORATE BONDS** (Cost $4,795,321) | 4836439 |
| **TOTAL INVESTMENTS - 98.3% (**Cost $4,795,321**)** | **TOTAL INVESTMENTS - 98.3% (**Cost $4,795,321**)** | 4836439 |
| Other Assets in Excess of Liabilities - 1.7% | Other Assets in Excess of Liabilities - 1.7% | 82609 |
| **TOTAL NET ASSETS - 100.0%** |  | $4919048 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

LP - Limited Partnership <br> PLC - Public Limited Company

(a) 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 $644,974 or 13.1% of the Fund's net assets.

(b) Step coupon bond. The rate disclosed is as of July 31, 2025.

------

#### <br> Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
Pacer US Cash Cows Bond 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;Corporate Bonds | $– | $4836439 | $– | $4836439 |
| Total Investments | $– | $4836439 | $– | $4836439 |
| 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. |

---

## 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 US Cash Cows Bond Fund ETF

- **b. EDGAR series identifier (if any):** S000089366

- **c. LEI of Series:** 529900QTECCPTDF7PT24

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

- **a. Date of fiscal year-end:** 2025-10-31

- **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:** $4921172.22

**Total Liabilities:** $2044.21

**Net Assets:** $4919128.01

**Cash Not Reported:** $0.01

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 25.839134000000 | **1-Year:** 66.125587000000 | **5-Year:** 295.017107000000 | **10-Year:** 1406.095280000000 | **30-Year:** 1626.812700000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 86.703991000000 | **1-Year:** 95.466172000000 | **5-Year:** 57.622254000000 | **10-Year:** 23.968137000000 | **30-Year:** 22.740296000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255887 | 0.71%                | 3.08%                | 0.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $10800.52                                  |
| Month 2  | $0.00                    | $125097.70                                 |
| Month 3  | $-12.61                  | $-11918.49                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CVS HEALTH CORP                        | CVS Health Corp                        | CUSIP: 126650DZ0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47407.22     | 0.96%             | 2053-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                    | Dow Chemical Co/The                    | CUSIP: 260543DH3<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41867.97     | 0.85%             | 2053-05-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| FOX CORP                               | Fox Corp                               | CUSIP: 35137LAJ4<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48681.23     | 0.99%             | 2039-01-25      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                      | Kinder Morgan Inc                      | CUSIP: 49456BAQ4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     55000 | PA      | $48964.08     | 1.00%             | 2048-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| LEAR CORP                              | Lear Corp                              | CUSIP: 521865AZ8<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | DBT              | CORP              | US        |     54000 | PA      | $46618.08     | 0.95%             | 2049-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LEGGETT & PLATT INC                    | Leggett & Platt Inc                    | CUSIP: 524660AZ0<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | DBT              | CORP              | US        |     54000 | PA      | $52727.36     | 1.07%             | 2029-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                             | MasTec Inc                             | CUSIP: 576323AT6<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |     49000 | PA      | $50631.65     | 1.03%             | 2029-06-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| UTAH ACQUISITION SUB                   | Utah Acquisition Sub Inc               | CUSIP: 62854AAP9<br>LEI: 254900JOFV74IJ7H9933 | Long             | DBT              | CORP              | US        |     57000 | PA      | $46034.55     | 0.94%             | 2046-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                      | Newell Brands Inc                      | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49778.19     | 1.01%             | 2029-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                            | Ovintiv Inc                            | CUSIP: 69047QAC6<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |     47000 | PA      | $48602.56     | 0.99%             | 2033-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                   | Pilgrim's Pride Corp                   | CUSIP: 72147KAK4<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |     47000 | PA      | $49400.15     | 1.00%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                   | Pilgrim's Pride Corp                   | CUSIP: 72147KAL2<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |     45000 | PA      | $49222.67     | 1.00%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                     | Royalty Pharma PLC                     | CUSIP: 78081BAP8<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |     73000 | PA      | $47097.19     | 0.96%             | 2051-09-02      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| TAPESTRY INC                           | Tapestry Inc                           | CUSIP: 876030AA5<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |     54000 | PA      | $48121.10     | 0.98%             | 2032-03-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| VF CORP                                | VF Corp                                | CUSIP: 918204BB3<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |     54000 | PA      | $51551.72     | 1.05%             | 2027-04-23      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| AT&T INC                               | AT&T Inc                               | CUSIP: 00206RCP5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47442.37     | 0.96%             | 2035-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                              | Amgen Inc                              | CUSIP: 031162DN7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50000.16     | 1.02%             | 2026-03-02      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                       | Berry Global Inc                       | CUSIP: 08576PAQ4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51685.08     | 1.05%             | 2034-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                   | Cleveland-Cliffs Inc                   | CUSIP: 185899AN1<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     49000 | PA      | $48742.09     | 0.99%             | 2030-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                    | Dow Chemical Co/The                    | CUSIP: 260543CR2<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44534.46     | 0.91%             | 2048-11-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| LEGGETT & PLATT INC                    | Leggett & Platt Inc                    | CUSIP: 524660BA4<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | DBT              | CORP              | US        |     74000 | PA      | $47600.25     | 0.97%             | 2051-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                      | Newell Brands Inc                      | CUSIP: 651229AY2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     57000 | PA      | $48914.04     | 0.99%             | 2046-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION               | Devon Energy Corp                      | CUSIP: 25179MAU7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |     55000 | PA      | $45914.76     | 0.93%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                 | Diamondback Energy Inc                 | CUSIP: 25278XBA6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46439.51     | 0.94%             | 2054-04-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DICK'S SPORTING GOODS                  | Dick's Sporting Goods Inc              | CUSIP: 253393AG7<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |     65000 | PA      | $46378.07     | 0.94%             | 2052-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                       | Hewlett Packard Enterprise Co          | CUSIP: 42824CAY5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46270.27     | 0.94%             | 2045-10-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                      | Nexstar Media Inc                      | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49902.96     | 1.01%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66 CO                         | Phillips 66 Co                         | CUSIP: 718547AW2<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |     42000 | PA      | $38810.68     | 0.79%             | 2054-06-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                       | Altria Group Inc                       | CUSIP: 02209SBK8<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     60000 | PA      | $46839.29     | 0.95%             | 2050-05-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| AMKOR TECHNOLOGY INC                   | Amkor Technology Inc                   | CUSIP: 031652BK5<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |     38000 | PA      | $37954.75     | 0.77%             | 2027-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC                  | Arrow Electronics Inc                  | CUSIP: 04273WAE1<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |     49000 | PA      | $50387.97     | 1.02%             | 2034-04-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                        | CVS Health Corp                        | CUSIP: 126650DK3<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     60000 | PA      | $49902.67     | 1.01%             | 2040-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AGCO CORP                              | AGCO Corp                              | CUSIP: 001084AS1<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |     49000 | PA      | $49939.53     | 1.02%             | 2034-03-21      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY INC                    | Cheniere Energy Inc                    | CUSIP: 16411RAN9<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |     49000 | PA      | $49843.12     | 1.01%             | 2034-04-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                   | Cleveland-Cliffs Inc                   | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48780.48     | 0.99%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SKYWORKS SOLUTIONS INC                 | Skyworks Solutions Inc                 | CUSIP: 83088MAL6<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |     59000 | PA      | $51980.91     | 1.06%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR               | Occidental Petroleum Corp              | CUSIP: 674599DF9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45798.21     | 0.93%             | 2036-09-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                   | Pilgrim's Pride Corp                   | CUSIP: 72147KAH1<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |     49000 | PA      | $44004.31     | 0.89%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                     | Royalty Pharma PLC                     | CUSIP: 78081BAS2<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |     49000 | PA      | $47333.91     | 0.96%             | 2054-09-02      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COPPER CORP                   | Southern Copper Corp                   | CUSIP: 84265VAJ4<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |     47000 | PA      | $46480.26     | 0.94%             | 2045-04-23      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNDER ARMOUR INC                       | Under Armour Inc                       | CUSIP: 904311AA5<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49182.35     | 1.00%             | 2026-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| VF CORP                                | VF Corp                                | CUSIP: 918204BC1<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |     57000 | PA      | $48315.54     | 0.98%             | 2030-04-23      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                 | WESCO Distribution Inc                 | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     49000 | PA      | $49652.48     | 1.01%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                 | Williams Cos Inc/The                   | CUSIP: 96950FAN4<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46852.29     | 0.95%             | 2044-03-04      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                       | Altria Group Inc                       | CUSIP: 02209SBM4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     65000 | PA      | $48268.74     | 0.98%             | 2041-02-04      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                       | Berry Global Inc                       | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |     54000 | PA      | $53182.13     | 1.08%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| BORGWARNER INC                         | BorgWarner Inc                         | CUSIP: 099724AH9<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |     60000 | PA      | $49291.80     | 1.00%             | 2045-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BORGWARNER INC                         | BorgWarner Inc                         | CUSIP: 099724AQ9<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50557.83     | 1.03%             | 2034-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                        | CVS Health Corp                        | CUSIP: 126650EA4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47748.09     | 0.97%             | 2063-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                        | CVS Health Corp                        | CUSIP: 126650EE6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49246.55     | 1.00%             | 2044-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                   | Cleveland-Cliffs Inc                   | CUSIP: 185899AH4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50036.60     | 1.02%             | 2027-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC                     | Conagra Brands Inc                     | CUSIP: 205887CD2<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47073.30     | 0.96%             | 2038-11-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC                     | Conagra Brands Inc                     | CUSIP: 205887CE0<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44061.69     | 0.90%             | 2048-11-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CROWDSTRIKE HOLDINGS INC               | Crowdstrike Holdings Inc               | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |     55000 | PA      | $51475.50     | 1.05%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DXC TECHNOLOGY CO                      | DXC Technology Co                      | CUSIP: 23355LAM8<br>LEI: 549300DOVZ3EDJB7O259 | Long             | DBT              | CORP              | US        |     57000 | PA      | $53011.98     | 1.08%             | 2028-09-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                             | DaVita Inc                             | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51406.70     | 1.05%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION               | Devon Energy Corp                      | CUSIP: 25179MBG7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48570.17     | 0.99%             | 2034-09-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION               | Devon Energy Corp                      | CUSIP: 25179MBH5<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |     52000 | PA      | $46580.36     | 0.95%             | 2054-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                 | Diamondback Energy Inc                 | CUSIP: 25278XAW9<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     47000 | PA      | $46625.59     | 0.95%             | 2053-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                 | Diamondback Energy Inc                 | CUSIP: 25278XBB4<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46176.14     | 0.94%             | 2064-04-18      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                    | Dow Chemical Co/The                    | CUSIP: 260543CL5<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |     55000 | PA      | $44248.17     | 0.90%             | 2044-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| EQT CORP                               | EQT Corp                               | CUSIP: 26884LAR0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51415.41     | 1.05%             | 2034-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                   | Fortrea Holdings Inc                   | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45714.83     | 0.93%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FOX CORP                               | Fox Corp                               | CUSIP: 35137LAK1<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46794.37     | 0.95%             | 2049-01-25      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| FOX CORP                               | Fox Corp                               | CUSIP: 35137LAN5<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |     45000 | PA      | $48541.45     | 0.99%             | 2033-10-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                            | Gap Inc/The                            | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     52000 | PA      | $47985.73     | 0.98%             | 2029-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                            | Gap Inc/The                            | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     59000 | PA      | $52431.22     | 1.07%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JABIL INC                              | Jabil Inc                              | CUSIP: 466313AK9<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |     55000 | PA      | $49980.05     | 1.02%             | 2031-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                | Kinder Morgan Energy Partners LP       | CUSIP: 494550BU9<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46882.10     | 0.95%             | 2044-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                | Kinder Morgan Energy Partners LP       | CUSIP: 494550BW5<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |     54000 | PA      | $50050.49     | 1.02%             | 2044-09-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                      | Kinder Morgan Inc                      | CUSIP: 49456BAH4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     52000 | PA      | $48803.46     | 0.99%             | 2045-06-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                     | Kohl's Corp                            | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |     60000 | PA      | $43221.68     | 0.88%             | 2031-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LYB INTL FINANCE BV                    | LYB International Finance BV           | CUSIP: 50247VAC3<br>LEI: 549300J6QSW38QNOJK61 | Long             | DBT              | CORP              | NL        |     55000 | PA      | $46094.80     | 0.94%             | 2044-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LEGGETT & PLATT INC                    | Leggett & Platt Inc                    | CUSIP: 524660AY3<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | DBT              | CORP              | US        |     52000 | PA      | $50358.22     | 1.02%             | 2027-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                 | Marvell Technology Inc                 | CUSIP: 573874AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29386.15     | 0.60%             | 2026-04-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| MYLAN INC                              | Mylan Inc                              | CUSIP: 628530BJ5<br>LEI: 30ZMPDNA1RHIBH89C294 | Long             | DBT              | CORP              | US        |     59000 | PA      | $46838.18     | 0.95%             | 2048-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                      | Nexstar Media Inc                      | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |     54000 | PA      | $52484.94     | 1.07%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR               | Occidental Petroleum Corp              | CUSIP: 674599DJ1<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     49000 | PA      | $47977.96     | 0.98%             | 2040-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR               | Occidental Petroleum Corp              | CUSIP: 674599DL6<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44460.77     | 0.90%             | 2046-03-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR               | Occidental Petroleum Corp              | CUSIP: 674599EM3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     49000 | PA      | $44797.55     | 0.91%             | 2054-10-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| OWENS CORNING                          | Owens Corning                          | CUSIP: 690742AG6<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |     60000 | PA      | $48306.92     | 0.98%             | 2047-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| OWENS CORNING                          | Owens Corning                          | CUSIP: 690742AQ4<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30221.34     | 0.61%             | 2054-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                   | Pilgrim's Pride Corp                   | CUSIP: 72147KAJ7<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |     52000 | PA      | $49702.23     | 1.01%             | 2031-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                  | Playtika Holding Corp                  | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |     55000 | PA      | $50291.40     | 1.02%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| QORVO INC                              | Qorvo Inc                              | CUSIP: 74736KAH4<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48494.54     | 0.99%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                   | Range Resources Corp                   | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |     49000 | PA      | $50241.22     | 1.02%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                     | Royalty Pharma PLC                     | CUSIP: 78081BAM5<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |     70000 | PA      | $47434.37     | 0.96%             | 2050-09-02      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| TAPESTRY INC                           | Tapestry Inc                           | CUSIP: 876030AK3<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45620.16     | 0.93%             | 2030-03-11      | Fixed         | 5.10%                 | No            |                  2 | 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        |     27175 | NS      | $27174.93     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| VIATRIS INC                            | Viatris Inc                            | CUSIP: 92556VAE6<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |     65000 | PA      | $47686.65     | 0.97%             | 2040-06-22      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                            | Viatris Inc                            | CUSIP: 92556VAF3<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |     70000 | PA      | $45997.00     | 0.94%             | 2050-06-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WILLIAM CARTER                         | William Carter Co/The                  | CUSIP: 96926JAC1<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44623.57     | 0.91%             | 2027-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                 | Williams Cos Inc/The                   | CUSIP: 969457BV1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     49000 | PA      | $48116.67     | 0.98%             | 2044-06-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                 | Williams Cos Inc/The                   | CUSIP: 96950FAP9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     55000 | PA      | $48303.59     | 0.98%             | 2045-01-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                       | Berry Global Inc                       | CUSIP: 08576BAB8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |     49000 | PA      | $51385.90     | 1.04%             | 2031-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CF INDUSTRIES INC                      | CF Industries Inc                      | CUSIP: 12527GAE3<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46657.06     | 0.95%             | 2044-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA               | Weatherford International Ltd          | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |     50000 | PA      | $51365.60     | 1.04%             | 2030-04-30      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC                  | Arrow Electronics Inc                  | CUSIP: 04273WAC5<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |     59000 | PA      | $51739.55     | 1.05%             | 2032-02-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                     | Royalty Pharma PLC                     | CUSIP: 78081BAL7<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |     65000 | PA      | $48748.62     | 0.99%             | 2040-09-02      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                         | TD SYNNEX Corp                         | CUSIP: 87162WAL4<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |     45000 | PA      | $47216.54     | 0.96%             | 2034-04-12      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                       | Altria Group Inc                       | CUSIP: 02209SAV5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     65000 | PA      | $47840.70     | 0.97%             | 2046-09-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                       | Altria Group Inc                       | CUSIP: 02209SBF9<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     49000 | PA      | $48440.88     | 0.98%             | 2049-02-14      | Fixed         | 5.95%                 | No            |                  2 | 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