# EDGAR Filing Document

**Accession Number:** 0001616668
**File Stem:** 0001145549-23-018684
**Filing Date:** 2023-3
**Character Count:** 53668
**Document Hash:** e578093d23f90adae849fd24edcc9471
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-018684.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001145549-23-018684

**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:** 23768012

**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 Small Cap Cash Cows 100 ETF (Series ID: S000055468)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000174484 | Pacer US Small Cap Cash Cows 100 ETF | CALF            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Pacer US Small Cap Cash Cows 100 ETF** | | |
| **Schedule of Investments** | | |
| **January 31, 2023 (Unaudited)** | | |
|  |<br><br>**Shares** |<br><br>**Value** |
| **COMMON STOCKS - 99.9%** | | |
| **Communication Services - 3.2%** | | |
| Cars.com, Inc. (a)(b) | 590933 | $10104954 |
| TechTarget, Inc. (a)(b) | 165444 | 8194441 |
| The Marcus Corp. (a) | 399637 | 6050504 |
| Thryv Holdings, Inc. (a)(b) | 597510 | 13366299 |
| YELP, Inc. (a)(b) | 594088 | 18719713 |
|  |  | 56435911 |
| **Consumer Discretionary - 28.0%** |  |  |
| Academy Sports & Outdoors, Inc. (a) | 559285 | 32673430 |
| Asbury Automotive Group, Inc. (a)(b) | 182575 | 40166500 |
| Bloomin' Brands, Inc. (a) | 1170732 | 28390251 |
| Cavco Industries, Inc. (a)(b) | 62109 | 16527205 |
| Chico's FAS, Inc. (b) | 3473251 | 18304033 |
| Ethan Allen Interiors, Inc. (a) | 343021 | 9858423 |
| Golden Entertainment, Inc. (b) | 461428 | 18226406 |
| Group 1 Automotive, Inc. (a) | 173990 | 37207761 |
| La-Z-Boy, Inc. (a) | 309165 | 8789561 |
| LCI Industries (a) | 196528 | 22054372 |
| Liquidity Services, Inc. (b) | 236342 | 3542767 |
| MDC Holdings, Inc. (a) | 505539 | 19089153 |
| Monro, Inc. (a) | 263645 | 13419530 |
| Movado Group, Inc. (a) | 164410 | 5813538 |
| Patrick Industries, Inc. (a) | 361963 | 25688514 |
| Perdoceo Education Corp. (b) | 837455 | 12536701 |
| PetMed Express, Inc. (a) | 85076 | 1827432 |
| Signet Jewelers Ltd. | 484744 | 37233187 |
| Sonic Automotive, Inc. - Class A (a) | 483574 | 25972760 |
| Stride, Inc. (b) | 363904 | 15622399 |
| Sturm Ruger & Co., Inc. (a) | 105376 | 5995894 |
| The Buckle, Inc. (a) | 357762 | 15741528 |
| The Children's Place, Inc. (a)(b) | 267088 | 12117783 |
| Vista Outdoor, Inc. (a)(b) | 1110324 | 32588009 |
| Winnebago Industries, Inc. (a) | 464057 | 29551150 |
| Zumiez, Inc. (a)(b) | 281451 | 7269879 |
|  |  | 496208166 |
| **Consumer Staples - 3.3%** |  |  |
| Cal-Maine Foods, Inc. (a) | 328314 | 18786127 |
| Medifast, Inc. (a) | 78656 | 8766211 |
| USANA Health Sciences, Inc. (b) | 114121 | 6669231 |
| Vector Group Ltd. | 1926029 | 24942076 |
|  |  | 59163645 |
| **Energy - 10.2%** |  |  |
| Civitas Resources, Inc. (a) | 589216 | 39212325 |
| CONSOL Energy, Inc. | 463271 | 26790962 |
| Dorian LPG Ltd. | 496131 | 9848200 |
| REX American Resources Corp. (b) | 247105 | 8085276 |
| SM Energy Co. (a) | 954849 | 31385887 |
| Talos Energy, Inc. (a)(b) | 1671775 | 33117863 |
| US Silica Holdings, Inc. (b) | 1149835 | 14073980 |
| Vital Energy, Inc. (a)(b) | 329332 | 18534805 |
|  |  | 181049298 |
| **Health Care - 12.3%** |  |  |
| AMN Healthcare Services, Inc. (a)(b) | 287462 | 27550358 |
| Amphastar Pharmaceuticals, Inc. (b) | 268935 | 8137973 |
| Avanos Medical, Inc. (b) | 278357 | 8528858 |
| Collegium Pharmaceutical, Inc. (b) | 350701 | 9847684 |
| Corcept Therapeutics, Inc. (a)(b) | 533691 | 12200176 |
| Dynavax Technologies Corp. (a)(b) | 1049526 | 11943606 |
| Fulgent Genetics, Inc. (a)(b) | 678487 | 22919291 |
| Innoviva, Inc. (a)(b) | 1791410 | 22661336 |
| Ironwood Pharmaceuticals, Inc. (a)(b) | 1804564 | 20788577 |
| Ligand Pharmaceuticals, Inc. (b) | 130501 | 9095920 |
| Supernus Pharmaceuticals, Inc. (a)(b) | 322655 | 13232082 |
| Vanda Pharmaceuticals, Inc. (b) | 364770 | 2801434 |
| Veradigm, Inc. (b) | 503030 | 9009267 |
| Vir Biotechnology, Inc. (a)(b) | 1301310 | 38453711 |
|  |  | 217170273 |
| **Industrials - 22.5%** |  |  |
| ArcBest Corp. (a) | 346973 | 28954897 |
| Boise Cascade Co. (a) | 462130 | 34645886 |
| Encore Wire Corp. (a) | 236143 | 38120564 |
| Forrester Research, Inc. (b) | 159404 | 5907512 |
| Forward Air Corp. | 153035 | 16504825 |
| GMS, Inc. (b) | 478831 | 28404255 |
| Heidrick & Struggles International, Inc. | 459900 | 14146524 |
| Hub Group, Inc. - Class A (b) | 228042 | 19445141 |
| Korn/Ferry International (a) | 605985 | 32717130 |
| Matson, Inc. | 548843 | 36289499 |
| Mueller Industries, Inc. (a) | 507188 | 33246173 |
| PGT Innovations, Inc. (a)(b) | 727414 | 15784884 |
| Proto Labs, Inc. (a)(b) | 171903 | 5260232 |
| Quanex Building Products Corp. | 189785 | 4913534 |
| Resources Connection, Inc. | 178358 | 3080243 |
| The GEO Group, Inc. (a)(b) | 1876055 | 21574633 |
| TrueBlue, Inc. (b) | 356960 | 7007125 |
| UFP Industries, Inc. | 412074 | 38549523 |
| Veritiv Corp. (a) | 115778 | 14476881 |
|  |  | 399029461 |
| **Information Technology - 12.7%** |  |  |
| Adeia, Inc. | 1512218 | 16558787 |
| Alpha & Omega Semiconductor Ltd. (a)(b) | 208309 | 6865865 |
| Cohu, Inc. (a)(b) | 248291 | 8958339 |
| CTS Corp. (a) | 224585 | 9996278 |
| FormFactor, Inc. (a)(b) | 361246 | 10165463 |
| Kulicke & Soffa Industries, Inc. (a) | 641353 | 32773138 |
| LiveRamp Holdings, Inc. (b) | 241189 | 6454218 |
| MaxLinear, Inc. (a)(b) | 700191 | 28847869 |
| NetScout Systems, Inc. (b) | 580751 | 18642107 |
| Photronics, Inc. (b) | 771118 | 13972658 |
| Progress Software Corp. (a) | 318652 | 16901302 |
| Rambus, Inc. (a)(b) | 515374 | 20857186 |
| Semtech Corp. (b) | 438127 | 14471335 |
| SMART Global Holdings, Inc. (b) | 340571 | 5854416 |
| TTM Technologies, Inc. (b) | 860027 | 13519624 |
|  |  | 224838585 |
| **Materials - 7.7%** |  |  |
| AdvanSix, Inc. | 317311 | 13720528 |
| Clearwater Paper Corp. (b) | 287856 | 11114120 |
| FutureFuel Corp. | 643256 | 5962983 |
| Mercer International, Inc. (a) | 1214795 | 15464340 |
| Myers Industries, Inc. | 216852 | 5221796 |
| Olympic Steel, Inc. | 143219 | 6336009 |
| Sylvamo Corp. | 585848 | 27845355 |
| TimkenSteel Corp. (a)(b) | 840430 | 16531258 |
| Warrior Met Coal, Inc. | 932069 | 35306774 |
|  |  | 137503163 |
| TOTAL COMMON STOCKS (Cost $1,629,710,348) |  | 1771398502 |
|  | **Principal Amount** |  |
| **SHORT-TERM INVESTMENTS - 0.1%** |  |  |
| **Money Market Deposit Accounts - 0.1%** |  |  |
| U.S. Bank Money Market Deposit Account 3.300% (c) | $963237 | 963237 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $963,237) |  | 963237 |
|  | **Shares** |  |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 28.6%** |  |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.530% (c) | 507412559 | 507412559 |
| TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $507,412,559) |  | 507412559 |
| **Total Investments (Cost $2,138,086,144) - 128.6%** |  | 2279774298 |
| **Liabilities in Excess of Other Assets - (28.6)%** |  | (507272558) |
| **TOTAL NET ASSETS - 100.0%** |  | $1772501740 |

---

---

| | |
|:---|:---|
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |
| <sup>(a)</sup> | All or a portion of this security is on loan as of January 31, 2023. The total value of securities on loan is $509,350,315 or 28.7% of net assets. |
| <sup>(b)</sup> | Non-income producing security. |
| <sup>(c)</sup> | The rate shown is as of January 31, 2023. |
| The Global Industry Classification Standard (GICS<sup>®</sup>) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI, Inc. and S&P and has been licensed for use by the Fund's Administrator, U.S. Bancorp Fund Services, LLC. | The Global Industry Classification Standard (GICS<sup>®</sup>) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI, Inc. and S&P and has been licensed for use by the Fund's Administrator, U.S. Bancorp Fund Services, LLC. |
| For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition does not apply for all purposes of this report, which may combine sub-classifications for reporting ease. | For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition does not apply for all purposes of this report, which may combine sub-classifications for reporting ease. |

---

------

---

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

---

Securities, including master limited partnerships ("MLPs"), listed on a securities exchange, market or automated quotation system for which quotations are readily available, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded, except for securities listed on Nasdaq Global Market ("Nasdaq"). If, on a particular day, there is no such reported sale, then the most recent quoted bid price will be used. For securities traded on Nasdaq, the Nasdaq Official Closing Price ("NOCP") will be used. If a Fund holds foreign shares of a security for which there is no reported volume, and there is an actively trading local version of the security, the last quoted sale price of the local security shall be used. Prices denominated in foreign currencies are converted to U.S. dollar equivalents at the current exchange rate.<br>Investments in other open-end investment companies, including money market funds, are valued at the investment company's net asset value per share, with the exception of exchange-traded open-end investment companies, which are priced as equity securities described above.<br>Fixed-income securities are normally valued on the basis of quotes obtained from independent pricing services in accordance with procedures adopted by the Board of Trustees. The independent pricing services may employ methodologies that utilize market transactions (if the security is actively traded), broker-dealer supplied valuations, or matrix pricing. Short-term securities that have maturities of less than 60 days, at the time of purchase, are valued at amortized cost, which, when combined with accrued interest, approximates market value.<br>

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

Foreign currency forward contracts are valued at the current day's interpolated foreign exchange rate, as calculated using the current day's spot rate, and the twenty, sixty, ninety, and one-hundred eighty day forward rates provided by an independent source.<br>Futures contracts are valued at the settlement price on the exchange on which they are principally traded.<br>Units of Mount Vernon Liquid Assets Portfolio are not traded on an exchange and are valued at the investment company's NAV per share as provided by its administrator.<br>Deposit accounts are valued at acquisition cost, which approximates fair value.

---

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

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description^** | **Level 1** | **Level 2** | **Level 3** | **Investments** <br> **Measured at Net** <br> **Asset Value** | **Total** |
| Common Stocks | $1771398502 | $- | $- | $- | $1771398502 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 963237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963237 |
| 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp; 507412559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 507412559 |
| Total Investments in Securities | $1772361739 | $- | $- | $507412559 | $2279774298 |

---

^ See the Schedules of Investments for sector breakouts. <br> <br> For the period ended January 31, 2023, the Fund did not recognize any transfers to or from Level 3.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

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

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

- **a. Name of Series:** Pacer US Small Cap Cash Cows 100 ETF

- **b. EDGAR series identifier (if any):** S000055468

- **c. LEI of Series:** 549300CMNZSWIMENED57

**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:** $2272590464.36

**Total Liabilities:** $517957496.13

**Net Assets:** $1754632968.23

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000174484 | 5.18%                | -8.44%               | 10.50%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1573243.38              | $63557028.95                               |
| Month 2  | $-604956.15              | $-125808814.94                             |
| Month 3  | $0.00                    | $154090570.33                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| NetScout Systems Inc                      | NetScout Systems Inc                      | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |    574901 | NS      | $18454322.10  | 1.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Patrick Industries Inc                    | Patrick Industries Inc                    | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |    358318 | NS      | $25429828.46  | 1.45%             |  |  |  | No            | 1                  | On Loan: —       |
| Perdoceo Education Corp                   | Perdoceo Education Corp                   | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |    829022 | NS      | $12410459.34  | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Semtech Corp                              | Semtech Corp                              | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |    433717 | NS      | $14325672.51  | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Supernus Pharmaceuticals Inc              | Supernus Pharmaceuticals Inc              | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |    319406 | NS      | $13098840.06  | 0.75%             |  |  |  | No            | 1                  | On Loan: —       |
| TTM Technologies Inc                      | TTM Technologies Inc                      | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |    851360 | NS      | $13383379.20  | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Veritiv Corp                              | Veritiv Corp                              | CUSIP: 923454102<br>LEI: 529900VQARHWQROHAS58 | Long             | EC               | CORP              | US        |    114617 | NS      | $14331709.68  | 0.82%             |  |  |  | No            | 1                  | On Loan: —       |
| Academy Sports & Outdoors Inc             | Academy Sports & Outdoors Inc             | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    553651 | NS      | $32344291.42  | 1.84%             |  |  |  | No            | 1                  | On Loan: —       |
| Medifast Inc                              | Medifast Inc                              | CUSIP: 58470H101<br>LEI: 5299000YHQJ21T5KKI80 | Long             | EC               | CORP              | US        |     77864 | NS      | $8677942.80   | 0.49%             |  |  |  | No            | 1                  | On Loan: —       |
| Talos Energy Inc                          | Talos Energy Inc                          | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |   1654927 | NS      | $32784103.87  | 1.87%             |  |  |  | No            | 1                  | On Loan: —       |
| U.S. Bank Money Market Deposit Account    | U.S. Bank Money Market Deposit Account    | CUSIP: 8AMMF0A84<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    963237 | NS      | $963237.10    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| USANA Health Sciences Inc                 | USANA Health Sciences Inc                 | CUSIP: 90328M107<br>LEI: 549300YTURXE814MAH96 | Long             | EC               | CORP              | US        |    112978 | NS      | $6602434.32   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| US Silica Holdings Inc                    | US Silica Holdings Inc                    | CUSIP: 90346E103<br>LEI: 529900HOXGPM9F75C193 | Long             | EC               | CORP              | US        |   1138252 | NS      | $13932204.48  | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanda Pharmaceuticals Inc                 | Vanda Pharmaceuticals Inc                 | CUSIP: 921659108<br>LEI: 529900AY8VOOQBKJ0O70 | Long             | EC               | CORP              | US        |    361098 | NS      | $2773232.64   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Vector Group Ltd                          | Vector Group Ltd                          | CUSIP: 92240M108<br>LEI: 549300TUIF4WWN6NDN50 | Long             | EC               | CORP              | US        |   1906625 | NS      | $24690793.75  | 1.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Vir Biotechnology Inc                     | Vir Biotechnology Inc                     | CUSIP: 92764N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1288197 | NS      | $38066221.35  | 2.17%             |  |  |  | No            | 1                  | On Loan: —       |
| Vista Outdoor Inc                         | Vista Outdoor Inc                         | CUSIP: 928377100<br>LEI: 549300QI2D33ESTJLN81 | Long             | EC               | CORP              | US        |   1099137 | NS      | $32259670.95  | 1.84%             |  |  |  | No            | 1                  | On Loan: —       |
| Warrior Met Coal Inc                      | Warrior Met Coal Inc                      | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |    922682 | NS      | $34951194.16  | 1.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Alpha & Omega Semiconductor Lt            | Alpha & Omega Semiconductor Ltd           | CUSIP: N/A<br>LEI: 5493001FE7J03YOV2V35       | Long             | EC               | CORP              | US        |    206212 | NS      | $6796747.52   | 0.39%             |  |  |  | No            | 1                  | On Loan: —       |
| Signet Jewelers Ltd                       | Signet Jewelers Ltd                       | CUSIP: N/A<br>LEI: 549300N3XPGE91WV7M22       | Long             | EC               | CORP              | US        |    479866 | NS      | $36858507.46  | 2.10%             |  |  |  | No            | 1                  | On Loan: No      |
| SMART Global Holdings Inc                 | SMART Global Holdings Inc                 | CUSIP: N/A<br>LEI: 529900RDGHQY8XKXPN14       | Long             | EC               | CORP              | US        |    337142 | NS      | $5795470.98   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Dorian LPG Ltd                            | Dorian LPG Ltd                            | CUSIP: N/A<br>LEI: 549300WP1W2WGMC7F395       | Long             | EC               | CORP              | US        |    491136 | NS      | $9749049.60   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Mercer International Inc                  | Mercer International Inc                  | CUSIP: 588056101<br>LEI: 549300Z5IAG39VRTY874 | Long             | EC               | CORP              | CA        |   1202555 | NS      | $15308525.15  | 0.87%             |  |  |  | No            | 1                  | On Loan: —       |
| PGT Innovations Inc                       | PGT Innovations Inc                       | CUSIP: 69336V101<br>LEI: 549300LRW9WM59C1S579 | Long             | EC               | CORP              | US        |    720088 | NS      | $15625909.60  | 0.89%             |  |  |  | No            | 1                  | On Loan: —       |
| Photronics Inc                            | Photronics Inc                            | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |    763351 | NS      | $13831920.12  | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Resources Connection Inc                  | Resources Connection Inc                  | CUSIP: 76122Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    176567 | NS      | $3049312.09   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Progress Software Corp                    | Progress Software Corp                    | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |    315448 | NS      | $16731361.92  | 0.95%             |  |  |  | No            | 1                  | On Loan: —       |
| Proto Labs Inc                            | Proto Labs Inc                            | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               | CORP              | US        |    170175 | NS      | $5207355.00   | 0.30%             |  |  |  | No            | 1                  | On Loan: —       |
| SM Energy Co                              | SM Energy Co                              | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |    945228 | NS      | $31069644.36  | 1.77%             |  |  |  | No            | 1                  | On Loan: —       |
| Sonic Automotive Inc                      | Sonic Automotive Inc                      | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |    478705 | NS      | $25711245.55  | 1.47%             |  |  |  | No            | 1                  | On Loan: —       |
| LiveRamp Holdings Inc                     | LiveRamp Holdings Inc                     | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |    238759 | NS      | $6389190.84   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Monro Inc                                 | Monro Inc                                 | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    260990 | NS      | $13284391.00  | 0.76%             |  |  |  | No            | 1                  | On Loan: —       |
| Movado Group Inc                          | Movado Group Inc                          | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |    162754 | NS      | $5754981.44   | 0.33%             |  |  |  | No            | 1                  | On Loan: —       |
| Mueller Industries Inc                    | Mueller Industries Inc                    | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    502085 | NS      | $32911671.75  | 1.88%             |  |  |  | No            | 1                  | On Loan: —       |
| Myers Industries Inc                      | Myers Industries Inc                      | CUSIP: 628464109<br>LEI: 549300I2H9XMVTCW4Q51 | Long             | EC               | CORP              | US        |    214674 | NS      | $5169349.92   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Olympic Steel Inc                         | Olympic Steel Inc                         | CUSIP: 68162K106<br>LEI: 549300GQ061U6N6KWJ49 | Long             | EC               | CORP              | US        |    141779 | NS      | $6272302.96   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| PetMed Express Inc                        | PetMed Express Inc                        | CUSIP: 716382106<br>LEI: 529900PGHW5ASJ1AZL48 | Long             | EC               | CORP              | US        |     84221 | NS      | $1809067.08   | 0.10%             |  |  |  | No            | 1                  | On Loan: —       |
| Sturm Ruger & Co Inc                      | Sturm Ruger & Co Inc                      | CUSIP: 864159108<br>LEI: 529900DV1BWFJSHFO847 | Long             | EC               | CORP              | US        |    104314 | NS      | $5935466.60   | 0.34%             |  |  |  | No            | 1                  | On Loan: —       |
| Winnebago Industries Inc                  | Winnebago Industries Inc                  | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |    459386 | NS      | $29253700.48  | 1.67%             |  |  |  | No            | 1                  | On Loan: —       |
| Yelp Inc                                  | Yelp Inc                                  | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |    588103 | NS      | $18531125.53  | 1.06%             |  |  |  | No            | 1                  | On Loan: —       |
| Zumiez Inc                                | Zumiez Inc                                | CUSIP: 989817101<br>LEI: 549300J0PDF58P6HZD25 | Long             | EC               | CORP              | US        |    278616 | NS      | $7196651.28   | 0.41%             |  |  |  | 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        | 507412559 | NS      | $507412558.79 | 28.92%            |  |  |  | No            | N/A                | On Loan: No      |
| Adeia Inc                                 | Adeia Inc                                 | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1496981 | NS      | $16391941.95  | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| AdvanSix Inc                              | AdvanSix Inc                              | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |    314116 | NS      | $13582375.84  | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Veradigm Inc                              | Veradigm Inc                              | CUSIP: 01988P108<br>LEI: Y68YJHVB1GU4TAU3C223 | Long             | EC               | CORP              | US        |    497963 | NS      | $8918517.33   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| FormFactor Inc                            | FormFactor Inc                            | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |    357610 | NS      | $10063145.40  | 0.57%             |  |  |  | No            | 1                  | On Loan: —       |
| Forrester Research Inc                    | Forrester Research Inc                    | CUSIP: 346563109<br>LEI: 549300UUSFXYLJ80Z897 | Long             | EC               | CORP              | US        |    157802 | NS      | $5848142.12   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Forward Air Corp                          | Forward Air Corp                          | CUSIP: 349853101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    151496 | NS      | $16338843.60  | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Fulgent Genetics Inc                      | Fulgent Genetics Inc                      | CUSIP: 359664109<br>LEI: 549300CL6P01M68QJ404 | Long             | EC               | CORP              | US        |    671656 | NS      | $22688539.68  | 1.29%             |  |  |  | No            | 1                  | On Loan: —       |
| FutureFuel Corp                           | FutureFuel Corp                           | CUSIP: 36116M106<br>LEI: 529900WYQZSMWFXLA845 | Long             | EC               | CORP              | US        |    636776 | NS      | $5902913.52   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| GEO Group Inc/The                         | GEO Group Inc/The                         | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |   1859231 | NS      | $21381156.50  | 1.22%             |  |  |  | No            | 1                  | On Loan: —       |
| GMS Inc                                   | GMS Inc                                   | CUSIP: 36251C103<br>LEI: 52990057RENOQO4U0D72 | Long             | EC               | CORP              | US        |    474007 | NS      | $28118095.24  | 1.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Golden Entertainment Inc                  | Golden Entertainment Inc                  | CUSIP: 381013101<br>LEI: 549300P8YYCKQVJ0Y638 | Long             | EC               | CORP              | US        |    456784 | NS      | $18042968.00  | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Group 1 Automotive Inc                    | Group 1 Automotive Inc                    | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |    172244 | NS      | $36834379.40  | 2.10%             |  |  |  | No            | 1                  | On Loan: —       |
| Heidrick & Struggles Internati            | Heidrick & Struggles International Inc    | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |    455265 | NS      | $14003951.40  | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Hub Group Inc                             | Hub Group Inc                             | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    225747 | NS      | $19249446.69  | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Innoviva Inc                              | Innoviva Inc                              | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |   1773356 | NS      | $22432953.40  | 1.28%             |  |  |  | No            | 1                  | On Loan: —       |
| Sylvamo Corp                              | Sylvamo Corp                              | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |    579944 | NS      | $27564738.32  | 1.57%             |  |  |  | No            | 1                  | On Loan: No      |
| TechTarget Inc                            | TechTarget Inc                            | CUSIP: 87874R100<br>LEI: 529900YQA5JL2H2VMB84 | Long             | EC               | CORP              | US        |    163779 | NS      | $8111973.87   | 0.46%             |  |  |  | No            | 1                  | On Loan: —       |
| Thryv Holdings Inc                        | Thryv Holdings Inc                        | CUSIP: 886029206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    591489 | NS      | $13231608.93  | 0.75%             |  |  |  | No            | 1                  | On Loan: —       |
| TimkenSteel Corp                          | TimkenSteel Corp                          | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |    831961 | NS      | $16364672.87  | 0.93%             |  |  |  | No            | 1                  | On Loan: —       |
| TrueBlue Inc                              | TrueBlue Inc                              | CUSIP: 89785X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    353369 | NS      | $6936633.47   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| UFP Industries Inc                        | UFP Industries Inc                        | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |    407925 | NS      | $38161383.75  | 2.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Quanex Building Products Corp             | Quanex Building Products Corp             | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |    187877 | NS      | $4864135.53   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Rambus Inc                                | Rambus Inc                                | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |    510181 | NS      | $20647025.07  | 1.18%             |  |  |  | No            | 1                  | On Loan: —       |
| REX American Resources Corp               | REX American Resources Corp               | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    244621 | NS      | $8003999.12   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Stride Inc                                | Stride Inc                                | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |    360241 | NS      | $15465146.13  | 0.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Boise Cascade Co                          | Boise Cascade Co                          | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |    457477 | NS      | $34297050.69  | 1.95%             |  |  |  | No            | 1                  | On Loan: —       |
| CTS Corp                                  | CTS Corp                                  | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |    222326 | NS      | $9895730.26   | 0.56%             |  |  |  | No            | 1                  | On Loan: —       |
| Cal-Maine Foods Inc                       | Cal-Maine Foods Inc                       | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |    325011 | NS      | $18597129.42  | 1.06%             |  |  |  | No            | 1                  | On Loan: —       |
| Cars.com Inc                              | Cars.com Inc                              | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |    584984 | NS      | $10003226.40  | 0.57%             |  |  |  | No            | 1                  | On Loan: —       |
| Cavco Industries Inc                      | Cavco Industries Inc                      | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61488 | NS      | $16361956.80  | 0.93%             |  |  |  | No            | 1                  | On Loan: —       |
| Chico's FAS Inc                           | Chico's FAS Inc                           | CUSIP: 168615102<br>LEI: 5299003ESGN5T1MFXY13 | Long             | EC               | CORP              | US        |   3438250 | NS      | $18119577.50  | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Children's Place Inc/The                  | Children's Place Inc/The                  | CUSIP: 168905107<br>LEI: 549300BGVK2OO5O7TC19 | Long             | EC               | CORP              | US        |    264397 | NS      | $11995691.89  | 0.68%             |  |  |  | No            | 1                  | On Loan: —       |
| Civitas Resources Inc                     | Civitas Resources Inc                     | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |    583285 | NS      | $38817616.75  | 2.21%             |  |  |  | No            | 1                  | On Loan: —       |
| Clearwater Paper Corp                     | Clearwater Paper Corp                     | CUSIP: 18538R103<br>LEI: 549300HCVV19GXN4P292 | Long             | EC               | CORP              | US        |    284958 | NS      | $11002228.38  | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Cohu Inc                                  | Cohu Inc                                  | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |    245789 | NS      | $8868067.12   | 0.51%             |  |  |  | No            | 1                  | On Loan: —       |
| Collegium Pharmaceutical Inc              | Collegium Pharmaceutical Inc              | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |    347173 | NS      | $9748617.84   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| CONSOL Energy Inc                         | CONSOL Energy Inc                         | CUSIP: 20854L108<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |    458609 | NS      | $26521358.47  | 1.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Corcept Therapeutics Inc                  | Corcept Therapeutics Inc                  | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |    528318 | NS      | $12077349.48  | 0.69%             |  |  |  | No            | 1                  | On Loan: —       |
| Dynavax Technologies Corp                 | Dynavax Technologies Corp                 | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |   1038951 | NS      | $11823262.38  | 0.67%             |  |  |  | No            | 1                  | On Loan: —       |
| Marcus Corp/The                           | Marcus Corp/The                           | CUSIP: 566330106<br>LEI: 549300NL0OKPNEMP6B79 | Long             | EC               | CORP              | US        |    395614 | NS      | $5989595.96   | 0.34%             |  |  |  | No            | 1                  | On Loan: —       |
| MaxLinear Inc                             | MaxLinear Inc                             | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |    693135 | NS      | $28557162.00  | 1.63%             |  |  |  | No            | 1                  | On Loan: —       |
| AMN Healthcare Services Inc               | AMN Healthcare Services Inc               | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |    284573 | NS      | $27273476.32  | 1.55%             |  |  |  | No            | 1                  | On Loan: —       |
| Amphastar Pharmaceuticals Inc             | Amphastar Pharmaceuticals Inc             | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Long             | EC               | CORP              | US        |    266226 | NS      | $8055998.76   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| ArcBest Corp                              | ArcBest Corp                              | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |    343481 | NS      | $28663489.45  | 1.63%             |  |  |  | No            | 1                  | On Loan: —       |
| Asbury Automotive Group Inc               | Asbury Automotive Group Inc               | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |    180739 | NS      | $39762580.00  | 2.27%             |  |  |  | No            | 1                  | On Loan: —       |
| Avanos Medical Inc                        | Avanos Medical Inc                        | CUSIP: 05350V106<br>LEI: 549300YCXWOM7NEWMQ58 | Long             | EC               | CORP              | US        |    275558 | NS      | $8443097.12   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Bloomin' Brands Inc                       | Bloomin' Brands Inc                       | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |   1158933 | NS      | $28104125.25  | 1.60%             |  |  |  | No            | 1                  | On Loan: —       |
| Buckle Inc/The                            | Buckle Inc/The                            | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |    354162 | NS      | $15583128.00  | 0.89%             |  |  |  | No            | 1                  | On Loan: —       |
| Encore Wire Corp                          | Encore Wire Corp                          | CUSIP: 292562105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    233767 | NS      | $37737006.81  | 2.15%             |  |  |  | No            | 1                  | On Loan: —       |
| Ethan Allen Interiors Inc                 | Ethan Allen Interiors Inc                 | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    339565 | NS      | $9759098.10   | 0.56%             |  |  |  | No            | 1                  | On Loan: —       |
| Ironwood Pharmaceuticals Inc              | Ironwood Pharmaceuticals Inc              | CUSIP: 46333X108<br>LEI: 549300PC8MR6QHH6P296 | Long             | EC               | CORP              | US        |   1786384 | NS      | $20579143.68  | 1.17%             |  |  |  | No            | 1                  | On Loan: —       |
| Korn Ferry                                | Korn Ferry                                | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |    599883 | NS      | $32387683.17  | 1.85%             |  |  |  | No            | 1                  | On Loan: —       |
| Kulicke & Soffa Industries Inc            | Kulicke & Soffa Industries Inc            | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | SG        |    634891 | NS      | $32442930.10  | 1.85%             |  |  |  | No            | 1                  | On Loan: —       |
| LCI Industries                            | LCI Industries                            | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |    194548 | NS      | $21832176.56  | 1.24%             |  |  |  | No            | 1                  | On Loan: —       |
| La-Z-Boy Inc                              | La-Z-Boy Inc                              | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |    306051 | NS      | $8701029.93   | 0.50%             |  |  |  | No            | 1                  | On Loan: —       |
| Vital Energy Inc                          | Vital Energy Inc                          | CUSIP: 516806205<br>LEI: 549300X0PTWU2QSLSL14 | Long             | EC               | CORP              | US        |    326020 | NS      | $18348405.60  | 1.05%             |  |  |  | No            | 1                  | On Loan: —       |
| Ligand Pharmaceuticals Inc                | Ligand Pharmaceuticals Inc                | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |    129187 | NS      | $9004333.90   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Liquidity Services Inc                    | Liquidity Services Inc                    | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |    233966 | NS      | $3507150.34   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| MDC Holdings Inc                          | MDC Holdings Inc                          | CUSIP: 552676108<br>LEI: 5299005FV4VNV75R8R35 | Long             | EC               | CORP              | US        |    500445 | NS      | $18896803.20  | 1.08%             |  |  |  | No            | 1                  | On Loan: —       |
| Matson Inc                                | Matson Inc                                | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |    543317 | NS      | $35924120.04  | 2.05%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

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

**Name of Applicant:** Pacer Funds Trust

**Signature:** /s/ Bruce Kavanaugh

**Name of Signer:** Pacer Funds Trust

**Title:** Vice President