# EDGAR Filing Document

**Accession Number:** 0001616668
**File Stem:** 0000894189-25-010160
**Filing Date:** 2025-9
**Character Count:** 49781
**Document Hash:** 9cf640d3a69bdb11ecd4351375ef6205
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-010160.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000894189-25-010160

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20260430

**FILER**: 

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

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23024
- **FILM NUMBER:** 251355762

**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 Developed Markets International Cash Cows 100 ETF (Series ID: S000055467)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000174483 | Pacer Developed Markets International Cash Cows 100 ETF | ICOW            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Pacer Developed Markets International Cash Cows 100 ETF** | **Pacer Developed Markets International Cash Cows 100 ETF** | **Pacer Developed Markets International Cash Cows 100 ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 98.6%** | **Shares** | **Value**  |
| **Australia - 4.0%** | **Australia - 4.0%** | |
| BHP Group Ltd. | 909530 | $22941951 |
| Fortescue Ltd. | 1388862 | 15860621 |
| Qantas Airways Ltd. | 582732 | 4070728 |
| Whitehaven Coal Ltd. | 709269 | 2935422 |
|  |  | 45808722 |
| **Canada - 7.1%** | **Canada - 7.1%** |  |
| Canadian Natural Resources Ltd. | 714426 | 22614553 |
| Cenovus Energy, Inc. | 782683 | 11913095 |
| Imperial Oil Ltd. | 196892 | 16416666 |
| Magna International, Inc. | 172260 | 7063953 |
| Suncor Energy, Inc. | 613582 | 24200531 |
|  |  | 82208798 |
| **China - 0.9%** | **China - 0.9%** |  |
| Lenovo Group Ltd. | 6071343 | 7827005 |
| Shenzhou International Group Holdings Ltd. | 367655 | 2662572 |
|  |  | 10489577 |
| **Denmark - 3.3%** | **Denmark - 3.3%** |  |
| AP Moller - Maersk AS - Class B | 11970 | 23781699 |
| Genmab AS <sup>(a)</sup> | 21979 | 4830457 |
| Vestas Wind Systems AS | 543042 | 9962931 |
|  |  | 38575087 |
| **Finland - 0.5%** | **Finland - 0.5%** |  |
| Nokia OYJ | 1530642 | 6267410 |
| **France - 11.9%** | **France - 11.9%** |  |
| Bouygues SA | 373042 | 15389627 |
| Capgemini SE | 61298 | 9156890 |
| Carrefour SA | 793012 | 11375673 |
| Cie Generale des Etablissements Michelin SCA | 259619 | 9261632 |
| Dassault Aviation SA | 20361 | 6329483 |
| Eiffage SA | 94978 | 12751962 |
| Publicis Groupe SA | 91806 | 8402480 |
| Renault SA | 392575 | 14654305 |
| Teleperformance SE | 62498 | 6113788 |
| TOTAL SA | 378928 | 22495161 |
| Vinci SA | 156539 | 21722919 |
|  |  | 137653920 |
| **Germany - 8.4%** | **Germany - 8.4%** |  |
| Bayer AG | 648260 | 20233388 |
| Continental AG | 101733 | 8730553 |
| Daimler AG | 385985 | 22068368 |
| Deutsche Post AG | 486026 | 21881070 |
| Deutsche Telekom AG | 585860 | 21047021 |
| Evonik Industries AG | 187759 | 3743309 |
|  |  | 97703709 |
| **Hong Kong - 2.7%** | **Hong Kong - 2.7%** |  |
| Orient Overseas International Ltd. | 631790 | 11388316 |
| SITC International Holdings Co. Ltd. | 1295795 | 4201017 |
| Techtronic Industries Co. Ltd. | 608185 | 7305968 |
| WH Group Ltd. <sup>(b)</sup> | 7902312 | 7962712 |
|  |  | 30858013 |
| **Italy - 3.2%** | **Italy - 3.2%** |  |
| Buzzi Unicem SpA | 58057 | 3029164 |
| Eni SpA | 1484602 | 25260954 |
| Telecom Italia SpA <sup>(a)</sup> | 18397283 | 8475679 |
|  |  | 36765797 |
| **Japan - 18.3%** | **Japan - 18.3%** |  |
| ANA Holdings, Inc. | 271274 | 5051309 |
| Daifuku Co. Ltd. | 112768 | 2898467 |
| Dentsu Group, Inc. | 184012 | 3646683 |
| ENEOS Holdings, Inc. | 2050807 | 10792576 |
| Idemitsu Kosan Co. Ltd. | 1506175 | 9676275 |
| Inpex Corp. | 740577 | 10546347 |
| Isuzu Motors Ltd. | 326892 | 4221632 |
| J Front Retailing Co. Ltd. | 139553 | 1894793 |
| Kawasaki Kisen Kaisha Ltd. | 248455 | 3529939 |
| Kobe Steel Ltd. | 295250 | 3256952 |
| LY Corp. | 3886130 | 14302402 |
| Makita Corp. | 135170 | 4214651 |
| Mazda Motor Corp. | 1115828 | 6742324 |
| Mitsubishi Corp. | 1138055 | 22549790 |
| Murata Manufacturing Co. Ltd. | 604319 | 9086826 |
| Nexon Co. Ltd. | 202906 | 3732502 |
| Nippon Steel Corp. | 812142 | 15723134 |
| Nitto Denko Corp. | 188503 | 3926313 |
| Ono Pharmaceutical Co. Ltd. | 206777 | 2318014 |
| Otsuka Holdings Co. Ltd. | 185123 | 8965207 |
| Seiko Epson Corp. | 208256 | 2659131 |
| Shionogi & Co. Ltd. | 265101 | 4475777 |
| Sony Group Corp. | 853463 | 20838533 |
| Subaru Corp. | 590742 | 10888378 |
| Sumitomo Electric Industries Ltd. | 312281 | 7782175 |
| Suzuki Motor Corp. | 856433 | 9464493 |
| TDK Corp. | 706060 | 8694651 |
|  |  | 211879274 |
| **Luxembourg - 0.8%** | **Luxembourg - 0.8%** |  |
| Tenaris SA | 543742 | 9580810 |
| **Mexico - 0.3%** | **Mexico - 0.3%** |  |
| Fresnillo PLC | 219073 | 4050478 |
| **Netherlands - 1.5%** | **Netherlands - 1.5%** |  |
| Koninklijke Ahold Delhaize NV | 441232 | 17422287 |
| **Norway - 2.6%** | **Norway - 2.6%** |  |
| Aker BP ASA <sup>(c)</sup> | 244123 | 5910220 |
| Equinor ASA <sup>(c)</sup> | 927013 | 24003151 |
|  |  | 29913371 |
| **Singapore - 0.8%** | **Singapore - 0.8%** |  |
| Singapore Airlines Ltd. | 1825743 | 9561809 |
| **South Korea - 10.5%** | **South Korea - 10.5%** |  |
| HD Hyundai Heavy Industries Co. Ltd. | 40230 | 14229027 |
| HD Korea Shipbuilding & Offshore Engineering Co. Ltd. | 72097 | 18663703 |
| HMM Co. Ltd. | 485270 | 8205640 |
| Kia Corp. | 329502 | 24306356 |
| Krafton, Inc. <sup>(a)</sup> | 13555 | 3210857 |
| Samsung Electronics Co. Ltd. | 518970 | 26719396 |
| SK Hynix, Inc. | 136547 | 26929337 |
|  |  | 122264316 |
| **Spain - 2.8%** | **Spain - 2.8%** |  |
| ACS Actividades de Construccion y Servicios SA | 160807 | 11084190 |
| Telefonica SA | 4226770 | 21821935 |
|  |  | 32906125 |
| **Sweden - 2.6%** | **Sweden - 2.6%** |  |
| Evolution AB <sup>(b)</sup> | 84238 | 7507136 |
| H & M Hennes & Mauritz AB - Class B | 570555 | 7713865 |
| Telefonaktiebolaget LM Ericsson - Class B | 1969114 | 14350088 |
|  |  | 29571089 |
| **Switzerland - 2.2%** | **Switzerland - 2.2%** |  |
| Adecco Group AG | 85008 | 2693882 |
| Glencore PLC | 5772854 | 23233984 |
|  |  | 25927866 |
| **United Kingdom - 14.2%** | **United Kingdom - 14.2%** |  |
| Associated British Foods PLC | 260502 | 7561852 |
| Berkeley Group Holdings PLC | 33332 | 1606733 |
| BP PLC | 4616767 | 24678241 |
| British American Tobacco PLC | 474046 | 25292470 |
| Bunzl PLC | 142056 | 4228661 |
| Imperial Brands PLC | 349201 | 13623082 |
| International Consolidated Airlines Group SA | 3667547 | 18429763 |
| J Sainsbury PLC | 1706507 | 6837747 |
| Kingfisher PLC | 1467130 | 5241134 |
| Marks & Spencer Group PLC | 777906 | 3575162 |
| Shell PLC | 665475 | 23825974 |
| Vodafone Group PLC | 22710148 | 24599661 |
| WPP PLC | 855632 | 4632978 |
|  |  | 164133458 |
| **TOTAL COMMON STOCKS** (Cost $1,068,651,950) | **TOTAL COMMON STOCKS** (Cost $1,068,651,950) | 1143541916 |
| **PREFERRED STOCKS - 0.9%** |  |  |
| **Germany - 0.9%** | **Germany - 0.9%** |  |
|  Henkel AG & Co. KGaA, 0.00% | 145487 | 11220299 |
| **TOTAL PREFERRED STOCKS** (Cost $12,468,910) | **TOTAL PREFERRED STOCKS** (Cost $12,468,910) | 11220299 |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.3%** | **Units** |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.58% <sup>(d)</sup> | 3070990 | 3070990 |
| **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $3,070,990) | **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $3,070,990) | 3070990 |
| **TOTAL INVESTMENTS - 99.8% (**Cost $1,084,191,850**)** | **TOTAL INVESTMENTS - 99.8% (**Cost $1,084,191,850**)** | 1157833205 |
| Other Assets in Excess of Liabilities - 0.2% | Other Assets in Excess of Liabilities - 0.2% | 1781433 |
| **TOTAL NET ASSETS - 100.0%** |  | $1159614638 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

ASA - Advanced Subscription Agreement <br> LLC - Limited Liability Company <br> PLC - Public Limited Company

(a) Non-income producing security.

(b) 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 $15,469,848 or 1.3% of the Fund's net assets.

(c) All or a portion of this security is on loan as of July 31, 2025. The fair value of these securities was $2,902,932.

(d) The rate shown represents the 7-day annualized effective yield as of July 31, 2025.

------

#### <br>

#### Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
Pacer Developed Markets International Cash Cows 100 ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $1143541916 | $– | $– | $1143541916 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 11220299 | – | – | 11220299 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> | – | – | – | 3070990 |
| Total Investments | $1154762215 | $– | $– | $1157833205 |
| 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. |

---

(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair
 value amount of $3,070,990 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.

## 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 Developed Markets International Cash Cows 100 ETF

- **b. EDGAR series identifier (if any):** S000055467

- **c. LEI of Series:** 549300O9GV6ZJ2IFH064

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1163645924.30

**Total Liabilities:** $4170810.79

**Net Assets:** $1159475113.51

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000174483 | 4.39%                | 3.33%                | 0.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-13029.58               | $37956357.17                               |
| Month 2  | $39229324.42             | $-6946434.60                               |
| Month 3  | $6408.77                 | $628602.69                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| British American Tobacco PLC              | British American Tobacco PLC                        | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |    474046 | NS      | $25292470.15  | 2.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Associated British Foods PLC              | Associated British Foods PLC                        | CUSIP: N/A<br>LEI: GBQKSY6W7G0OHCQ8OQ72       | Long             | EC               | CORP              | GB        |    260502 | NS      | $7561851.51   | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| BP PLC                                    | BP PLC                                              | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |   4616767 | NS      | $24678241.46  | 2.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Marks & Spencer Group PLC                 | Marks & Spencer Group PLC                           | CUSIP: N/A<br>LEI: 213800EJP14A79ZG1X44       | Long             | EC               | CORP              | GB        |    777906 | NS      | $3575162.28   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Bouygues SA                               | Bouygues SA                                         | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |    373042 | NS      | $15389626.83  | 1.33%             |  |  |  | No            | 1                  | On Loan: No      |
| AP Moller - Maersk A/S                    | AP Moller - Maersk A/S                              | CUSIP: N/A<br>LEI: 549300D2K6PKKKXVNN73       | Long             | EC               | CORP              | DK        |     11970 | NS      | $23781699.35  | 2.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Continental AG                            | Continental AG                                      | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               | CORP              | DE        |    101733 | NS      | $8730552.91   | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Post AG                          | Deutsche Post AG                                    | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |    486026 | NS      | $21881070.56  | 1.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Bayer AG                                  | Bayer AG                                            | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               | CORP              | DE        |    648260 | NS      | $20233388.11  | 1.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Henkel AG & Co KGaA                       | Henkel AG & Co KGaA                                 | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EP               | CORP              | DE        |    145487 | NS      | $11220299.06  | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Mercedes-Benz Group AG                    | Mercedes-Benz Group AG                              | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |    385985 | NS      | $22068367.63  | 1.90%             |  |  |  | No            | 1                  | On Loan: No      |
| H & M Hennes & Mauritz AB                 | H & M Hennes & Mauritz AB                           | CUSIP: N/A<br>LEI: 529900O5RR7R39FRDM42       | Long             | EC               | CORP              | SE        |    570555 | NS      | $7713865.13   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Telekom AG                       | Deutsche Telekom AG                                 | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |    585860 | NS      | $21047020.67  | 1.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Ericsson                                  | Telefonaktiebolaget LM Ericsson                     | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |   1969114 | NS      | $14350087.37  | 1.24%             |  |  |  | No            | 1                  | On Loan: No      |
| ANA Holdings Inc                          | ANA Holdings Inc                                    | CUSIP: N/A<br>LEI: 5493008IRKIY0G3TE305       | Long             | EC               | CORP              | JP        |    271274 | NS      | $5051308.97   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortescue Ltd                             | Fortescue Ltd                                       | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |   1388862 | NS      | $15860620.89  | 1.37%             |  |  |  | No            | 1                  | On Loan: No      |
| BHP Group Ltd                             | BHP Group Ltd                                       | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |    909530 | NS      | $22941951.15  | 1.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Daifuku Co Ltd                            | Daifuku Co Ltd                                      | CUSIP: N/A<br>LEI: 3538006FG1W4X3MYHL36       | Long             | EC               | CORP              | JP        |    112768 | NS      | $2898466.63   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Dentsu Group Inc                          | Dentsu Group Inc                                    | CUSIP: N/A<br>LEI: 5299007PBBE83ZLJZG91       | Long             | EC               | CORP              | JP        |    184012 | NS      | $3646683.44   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| HD Korea Shipbuilding & Offsho            | HD Korea Shipbuilding & Offshore Engineering Co Ltd | CUSIP: N/A<br>LEI: 988400DPTJ9KH5R6W540       | Long             | EC               | CORP              | KR        |     72097 | NS      | $18663702.77  | 1.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Mazda Motor Corp                          | Mazda Motor Corp                                    | CUSIP: N/A<br>LEI: 52990044YZJLICDQKK92       | Long             | EC               | CORP              | JP        |   1115828 | NS      | $6742324.10   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Adecco Group AG                           | Adecco Group AG                                     | CUSIP: N/A<br>LEI: NI14Y5UMU60O7JE9P611       | Long             | EC               | CORP              | CH        |     85008 | NS      | $2693882.33   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Equinor ASA                               | Equinor ASA                                         | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |    927013 | NS      | $24003151.28  | 2.07%             |  |  |  | No            | 1                  | On Loan: —       |
| Eni SpA                                   | Eni SpA                                             | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |   1484602 | NS      | $25260953.61  | 2.18%             |  |  |  | No            | 1                  | On Loan: No      |
| ACS Actividades de Construccio            | ACS Actividades de Construccion y Servicios SA      | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |    160807 | NS      | $11084189.58  | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Bunzl PLC                                 | Bunzl PLC                                           | CUSIP: N/A<br>LEI: 213800Q1Q9DV4L78UM09       | Long             | EC               | CORP              | GB        |    142056 | NS      | $4228661.17   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Eiffage SA                                | Eiffage SA                                          | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |     94978 | NS      | $12751961.95  | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Aker BP ASA                               | Aker BP ASA                                         | CUSIP: N/A<br>LEI: 549300NFTY73920OYK69       | Long             | EC               | CORP              | NO        |    244123 | NS      | $5910219.55   | 0.51%             |  |  |  | No            | 1                  | On Loan: —       |
| Cenovus Energy Inc                        | Cenovus Energy Inc                                  | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    782683 | NS      | $11913095.03  | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Evonik Industries AG                      | Evonik Industries AG                                | CUSIP: N/A<br>LEI: 41GUOJQTALQHLF39XJ34       | Long             | EC               | CORP              | DE        |    187759 | NS      | $3743309.40   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| ENEOS Holdings Inc                        | ENEOS Holdings Inc                                  | CUSIP: N/A<br>LEI: 3538001KQ5SAOZSQTT44       | Long             | EC               | CORP              | JP        |   2050807 | NS      | $10792575.83  | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Evolution AB                              | Evolution AB                                        | CUSIP: N/A<br>LEI: 549300SUH6ZR1RF6TA88       | Long             | EC               | CORP              | SE        |     84238 | NS      | $7507136.01   | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| HD Hyundai Heavy Industries Co            | HD Hyundai Heavy Industries Co Ltd                  | CUSIP: N/A<br>LEI: 988400CAR8W9URQLGF30       | Long             | EC               | CORP              | KR        |     40230 | NS      | $14229027.26  | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Dassault Aviation SA                      | Dassault Aviation SA                                | CUSIP: N/A<br>LEI: 969500CVFTUT88V8QN95       | Long             | EC               | CORP              | FR        |     20361 | NS      | $6329483.38   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Berkeley Group Holdings PLC               | Berkeley Group Holdings PLC                         | CUSIP: N/A<br>LEI: 2138009OQSSLVVHQAL78       | Long             | EC               | CORP              | GB        |     33332 | NS      | $1606732.70   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Michelin                                  | Cie Generale des Etablissements Michelin SCA        | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |    259619 | NS      | $9261631.62   | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Imperial Brands PLC                       | Imperial Brands PLC                                 | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |    349201 | NS      | $13623081.80  | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Imperial Oil Ltd                          | Imperial Oil Ltd                                    | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |    196892 | NS      | $16416666.25  | 1.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Magna International Inc                   | Magna International Inc                             | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |    172260 | NS      | $7063952.94   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Kingfisher PLC                            | Kingfisher PLC                                      | CUSIP: N/A<br>LEI: 213800KBMEV7I92FY281       | Long             | EC               | CORP              | GB        |   1467130 | NS      | $5241133.98   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Publicis Groupe SA                        | Publicis Groupe SA                                  | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Long             | EC               | CORP              | FR        |     91806 | NS      | $8402480.06   | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Genmab A/S                                | Genmab A/S                                          | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |     21979 | NS      | $4830457.13   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Renault SA                                | Renault SA                                          | CUSIP: N/A<br>LEI: 969500F7JLTX36OUI695       | Long             | EC               | CORP              | FR        |    392575 | NS      | $14654305.47  | 1.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Telefonica SA                             | Telefonica SA                                       | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |   4226770 | NS      | $21821935.57  | 1.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Nokia Oyj                                 | Nokia Oyj                                           | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | FI        |   1530642 | NS      | $6267410.15   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Teleperformance SE                        | Teleperformance SE                                  | CUSIP: N/A<br>LEI: 9695004GI61FHFFNRG61       | Long             | EC               | CORP              | FR        |     62498 | NS      | $6113787.49   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| LY Corp                                   | LY Corp                                             | CUSIP: N/A<br>LEI: 52990078MD2OL792YM35       | Long             | EC               | CORP              | JP        |   3886130 | NS      | $14302401.53  | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Lenovo Group Ltd                          | Lenovo Group Ltd                                    | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               | CORP              | CN        |   6071343 | NS      | $7827005.24   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Subaru Corp                               | Subaru Corp                                         | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |    590742 | NS      | $10888377.91  | 0.94%             |  |  |  | No            | 1                  | On Loan: No      |
| HMM Co Ltd                                | HMM Co Ltd                                          | CUSIP: N/A<br>LEI: 988400M8Q35QDZ4XXW80       | Long             | EC               | CORP              | KR        |    485270 | NS      | $8205639.96   | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| SK Hynix Inc                              | SK Hynix Inc                                        | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |    136547 | NS      | $26929336.96  | 2.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Isuzu Motors Ltd                          | Isuzu Motors Ltd                                    | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |    326892 | NS      | $4221632.43   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Kawasaki Kisen Kaisha Ltd                 | Kawasaki Kisen Kaisha Ltd                           | CUSIP: N/A<br>LEI: 353800FL04R73DS5P870       | Long             | EC               | CORP              | JP        |    248455 | NS      | $3529939.24   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Kia Corp                                  | Kia Corp                                            | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |    329502 | NS      | $24306356.07  | 2.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Kobe Steel Ltd                            | Kobe Steel Ltd                                      | CUSIP: N/A<br>LEI: 549300ZDCYYUPHEE5K87       | Long             | EC               | CORP              | JP        |    295250 | NS      | $3256952.09   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Makita Corp                               | Makita Corp                                         | CUSIP: N/A<br>LEI: 529900CDR9E94BCM6294       | Long             | EC               | CORP              | JP        |    135170 | NS      | $4214650.80   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsubishi Corp                           | Mitsubishi Corp                                     | CUSIP: N/A<br>LEI: KVIPTY4PULAPGC1VVD26       | Long             | EC               | CORP              | JP        |   1138055 | NS      | $22549790.05  | 1.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Murata Manufacturing Co Ltd               | Murata Manufacturing Co Ltd                         | CUSIP: N/A<br>LEI: 529900QZG6DL8ZRI7140       | Long             | EC               | CORP              | JP        |    604319 | NS      | $9086825.81   | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Seiko Epson Corp                          | Seiko Epson Corp                                    | CUSIP: N/A<br>LEI: 549300NIOFQDR749W206       | Long             | EC               | CORP              | JP        |    208256 | NS      | $2659130.82   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Nitto Denko Corp                          | Nitto Denko Corp                                    | CUSIP: N/A<br>LEI: 3538009GX5P09USH2J25       | Long             | EC               | CORP              | JP        |    188503 | NS      | $3926312.49   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Nippon Steel Corp                         | Nippon Steel Corp                                   | CUSIP: N/A<br>LEI: 35380065QWQ4U2V3PA33       | Long             | EC               | CORP              | JP        |    812142 | NS      | $15723133.75  | 1.36%             |  |  |  | No            | 1                  | On Loan: No      |
| OOIL                                      | Orient Overseas International Ltd                   | CUSIP: N/A<br>LEI: 529900DQ426GJO276W95       | Long             | EC               | CORP              | HK        |    631790 | NS      | $11388316.56  | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Ono Pharmaceutical Co Ltd                 | Ono Pharmaceutical Co Ltd                           | CUSIP: N/A<br>LEI: 529900G26L4NG4GFJZ86       | Long             | EC               | CORP              | JP        |    206777 | NS      | $2318014.05   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Qantas Airways Ltd                        | Qantas Airways Ltd                                  | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |    582732 | NS      | $4070727.89   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Samsung Electronics Co Ltd                | Samsung Electronics Co Ltd                          | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    518970 | NS      | $26719395.73  | 2.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Shionogi & Co Ltd                         | Shionogi & Co Ltd                                   | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |    265101 | NS      | $4475776.83   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Singapore Airlines Ltd                    | Singapore Airlines Ltd                              | CUSIP: N/A<br>LEI: 549300ZG62N2599PWR15       | Long             | EC               | CORP              | SG        |   1825743 | NS      | $9561808.69   | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Sony Group Corp                           | Sony Group Corp                                     | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |    853463 | NS      | $20838532.93  | 1.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Telecom Italia SpA/Milano                 | Telecom Italia SpA/Milano                           | CUSIP: N/A<br>LEI: 549300W384M3RI3VXU42       | Long             | EC               | CORP              | IT        |  18397283 | NS      | $8475678.90   | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| U.S. Bank Money Market Deposit Account    | U.S. Bank Money Market Deposit Account              | CUSIP: 8AMMF0A84<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    922204 | NS      | $922204.17    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   3070990 | NS      | $3070989.90   | 0.26%             |  |  |  | No            | N/A                | On Loan: No      |
| J Sainsbury PLC                           | J Sainsbury PLC                                     | CUSIP: N/A<br>LEI: 213800VGZAAJIKJ9Y484       | Long             | EC               | CORP              | GB        |   1706507 | NS      | $6837747.28   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| SHENZHOU INTL                             | Shenzhou International Group Holdings Ltd           | CUSIP: N/A<br>LEI: 529900B4W41TCUKJFM73       | Long             | EC               | CORP              | CN        |    367655 | NS      | $2662571.56   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Inpex Corp                                | Inpex Corp                                          | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |    740577 | NS      | $10546346.87  | 0.91%             |  |  |  | No            | 1                  | On Loan: No      |
| TotalEnergies SE                          | TotalEnergies SE                                    | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |    378928 | NS      | $22495160.81  | 1.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Idemitsu Kosan Co Ltd                     | Idemitsu Kosan Co Ltd                               | CUSIP: N/A<br>LEI: 549300P0R46FF6DUA630       | Long             | EC               | CORP              | JP        |   1506175 | NS      | $9676275.46   | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Vinci SA                                  | Vinci SA                                            | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |    156539 | NS      | $21722919.19  | 1.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Whitehaven Coal Ltd                       | Whitehaven Coal Ltd                                 | CUSIP: N/A<br>LEI: 529900WCZ4I6ZO3RRP86       | Long             | EC               | CORP              | AU        |    709269 | NS      | $2935421.74   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| J Front Retailing Co Ltd                  | J Front Retailing Co Ltd                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    139553 | NS      | $1894792.89   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Fresnillo PLC                             | Fresnillo PLC                                       | CUSIP: N/A<br>LEI: 549300JXWH1UV5J0XV81       | Long             | EC               | CORP              | MX        |    219073 | NS      | $4050478.08   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Glencore PLC                              | Glencore PLC                                        | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | CH        |   5772854 | NS      | $23233983.84  | 2.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Otsuka Holdings Co Ltd                    | Otsuka Holdings Co Ltd                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    185123 | NS      | $8965207.35   | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| International Consolidated Air            | International Consolidated Airlines Group SA        | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | GB        |   3667547 | NS      | $18429762.72  | 1.59%             |  |  |  | No            | 1                  | On Loan: No      |
| SITC International Holdings Co            | SITC International Holdings Co Ltd                  | CUSIP: N/A<br>LEI: 529900JUV4MOM9CE3V12       | Long             | EC               | CORP              | HK        |   1295795 | NS      | $4201016.91   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Nexon Co Ltd                              | Nexon Co Ltd                                        | CUSIP: N/A<br>LEI: 5299005SFO0GAJFLKN43       | Long             | EC               | CORP              | JP        |    202906 | NS      | $3732501.62   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| WPP PLC                                   | WPP PLC                                             | CUSIP: N/A<br>LEI: 549300LSGBXPYHXGDT93       | Long             | EC               | CORP              | GB        |    855632 | NS      | $4632978.34   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Koninklijke Ahold Delhaize NV             | Koninklijke Ahold Delhaize NV                       | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |    441232 | NS      | $17422286.74  | 1.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Vodafone Group PLC                        | Vodafone Group PLC                                  | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |  22710148 | NS      | $24599661.11  | 2.12%             |  |  |  | No            | 1                  | On Loan: No      |
| WH Group Ltd                              | WH Group Ltd                                        | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | HK        |   7902312 | NS      | $7962711.84   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Krafton Inc                               | Krafton Inc                                         | CUSIP: N/A<br>LEI: 988400CE024EWSCICK17       | Long             | EC               | CORP              | KR        |     13555 | NS      | $3210857.73   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Tenaris SA                                | Tenaris SA                                          | CUSIP: N/A<br>LEI: 549300Y7C05BKC4HZB40       | Long             | EC               | CORP              | LU        |    543742 | NS      | $9580810.12   | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Vestas Wind Systems A/S                   | Vestas Wind Systems A/S                             | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |    543042 | NS      | $9962930.86   | 0.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Shell PLC                                 | Shell PLC                                           | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |    665475 | NS      | $23825973.65  | 2.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Canadian Natural Resources Ltd            | Canadian Natural Resources Ltd                      | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    714426 | NS      | $22614552.80  | 1.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Capgemini SE                              | Capgemini SE                                        | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |     61298 | NS      | $9156890.23   | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Carrefour SA                              | Carrefour SA                                        | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               | CORP              | FR        |    793012 | NS      | $11375672.84  | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Buzzi SpA                                 | Buzzi SpA                                           | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |     58057 | NS      | $3029164.57   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Sumitomo Electric Industries L            | Sumitomo Electric Industries Ltd                    | CUSIP: N/A<br>LEI: 5493005SP87FL5TOS202       | Long             | EC               | CORP              | JP        |    312281 | NS      | $7782175.05   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Suzuki Motor Corp                         | Suzuki Motor Corp                                   | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               | CORP              | JP        |    856433 | NS      | $9464493.33   | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| TDK Corp                                  | TDK Corp                                            | CUSIP: N/A<br>LEI: 3538005O8WNU39U8NX03       | Long             | EC               | CORP              | JP        |    706060 | NS      | $8694651.33   | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Techtronic Industries Co Ltd              | Techtronic Industries Co Ltd                        | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |    608185 | NS      | $7305967.58   | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Suncor Energy Inc                         | Suncor Energy Inc                                   | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |    613582 | NS      | $24200531.39  | 2.09%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

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

**Name of Applicant:** Pacer Funds Trust

**Signature:** /s/ Bruce Kavanaugh

**Name of Signer:** Pacer Funds Trust

**Title:** Vice President