# EDGAR Filing Document

**Accession Number:** 0001616668
**File Stem:** 0000894189-25-010165
**Filing Date:** 2025-9
**Character Count:** 54194
**Document Hash:** bfc0a9f284e2591bc7c8dc79bd385e89
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-010165.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000894189-25-010165

**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:** 251355766

**BUSINESS ADDRESS:**
- **STREET 1:** 500 CHESTERFIELD PARKWAY
- **CITY:** MALVERN
- **STATE:** PA
- **ZIP:** 19355
- **BUSINESS PHONE:** 610-644-8100

**MAIL ADDRESS:**
- **STREET 1:** 500 CHESTERFIELD PARKWAY
- **CITY:** MALVERN
- **STATE:** PA
- **ZIP:** 19355

## Series and Classes Contracts Data

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

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

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Pacer Emerging Markets Cash Cows 100 ETF** | **Pacer Emerging Markets Cash Cows 100 ETF** | **Pacer Emerging Markets 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 - 94.3%** | **Shares** | **Value**  |
| **Brazil - 9.0%** | **Brazil - 9.0%** | |
| Ambev SA | 765660 | $1714669 |
| BRF SA | 390437 | 1400108 |
| CPFL Energia SA | 190076 | 1280061 |
| Lojas Renner SA | 111364 | 322186 |
| Rede D'Or Sao Luiz SA <sup>(a)</sup> | 143000 | 826913 |
| Telefonica Brasil SA | 350734 | 1973664 |
| TIM SA/Brazil | 414826 | 1528312 |
|  |  | 9045913 |
| **Chile - 2.2%** | **Chile - 2.2%** |  |
| Cia Sud Americana de Vapores SA | 7125280 | 360070 |
| Enel Chile SA | 10528760 | 674414 |
| Latam Airlines Group SA <sup>(b)</sup> | 53317875 | 1166008 |
|  |  | 2200492 |
| **China - 24.4%** | **China - 24.4%** |  |
| China Coal Energy Co. Ltd. - Class H | 1763390 | 2169981 |
| China Communications Services Corp. Ltd. - Class H | 1232380 | 719019 |
| China Hongqiao Group Ltd. | 1036399 | 2746127 |
| China Literature Ltd. <sup>(a)(b)</sup> | 108509 | 427125 |
| CMOC Group Ltd. - Class H | 2212390 | 2519588 |
| COSCO SHIPPING Holdings Co. Ltd. - Class H | 1145660 | 2095755 |
| Dongfeng Motor Group Co. Ltd. - Class H | 1890840 | 1141730 |
| Hisense Home Appliances Group Co. Ltd. | 191878 | 552413 |
| JD Logistics, Inc. <sup>(a)(b)</sup> | 1239877 | 2157544 |
| JD.com, Inc. - Class A | 117180 | 1834576 |
| Kingsoft Corp. Ltd. | 149749 | 681978 |
| Li Ning Co. Ltd. | 308919 | 655617 |
| New Oriental Education & Technology Group, Inc. | 176970 | 789038 |
| Shandong Weigao Group Medical Polymer Co. Ltd. - Class H | 479300 | 421906 |
| Shanghai Electric Group Co. Ltd. - Class H <sup>(b)</sup> | 5443160 | 2218868 |
| Sinotruk Hong Kong Ltd. | 350238 | 1068560 |
| Topsports International Holdings Ltd. <sup>(a)</sup> | 1062350 | 429000 |
| Yangzijiang Shipbuilding Holdings Ltd. | 932698 | 1838961 |
|  |  | 24467786 |
| **Colombia - 1.8%** | **Colombia - 1.8%** |  |
| Ecopetrol SA | 4309000 | 1811828 |
| **Czech Republic - 2.0%** | **Czech Republic - 2.0%** |  |
| CEZ AS | 34708 | 2014239 |
| **Greece - 1.3%** | **Greece - 1.3%** |  |
| Hellenic Telecommunications Organization SA | 25709 | 466492 |
| OPAP SA | 36377 | 816155 |
|  |  | 1282647 |
| **Hong Kong - 2.1%** | **Hong Kong - 2.1%** |  |
| Guangdong Investment Ltd. | 1225820 | 1091526 |
| Kunlun Energy Co. Ltd. | 1006592 | 970688 |
|  |  | 2062214 |
| **Hungary - 2.2%** | **Hungary - 2.2%** |  |
| Magyar Telekom Telecommunications PLC | 120510 | 598963 |
| MOL Hungarian Oil & Gas PLC | 109416 | 952159 |
| Richter Gedeon Nyrt | 21758 | 653076 |
|  |  | 2204198 |
| **Indonesia - 7.1%** | **Indonesia - 7.1%** |  |
| Alamtri Resources Indonesia Tbk PT | 8984551 | 1010114 |
| Astra International Tbk PT | 6783551 | 2102468 |
| Perusahaan Gas Negara Tbk PT | 6117604 | 605998 |
| Sumber Alfaria Trijaya Tbk PT | 2227392 | 314041 |
| Telekom Indonesia Persero Tbk PT | 11012432 | 1927427 |
| United Tractors Tbk PT | 783030 | 1149205 |
|  |  | 7109253 |
| **Malaysia - 2.2%** | **Malaysia - 2.2%** |  |
| Telekom Malaysia Bhd | 307747 | 487056 |
| Tenaga Nasional Bhd | 572498 | 1747696 |
|  |  | 2234752 |
| **Mexico - 4.9%** | **Mexico - 4.9%** |  |
| Alfa SAB de CV - Class A | 1027132 | 749183 |
| Grupo Aeroportuario del Sureste SAB de CV - Class B | 18930 | 573981 |
| Grupo Mexico SAB de CV - Class B | 340514 | 2124309 |
| Industrias Penoles SAB de CV <sup>(b)</sup> | 45625 | 1198246 |
| Kimberly-Clark de Mexico SAB de CV - Class A | 160104 | 299755 |
|  |  | 4945474 |
| **Russia - 0.0%<sup>(c)</sup>** | **Russia - 0.0%<sup>(c)</sup>** |  |
| Alrosa PJSC <sup>(d)</sup> | 91900 | 0 |
| Inter RAO UES PJSC <sup>(b)(d)</sup> | 1901988 | 0 |
| LUKOIL PJSC - ADR <sup>(b)(d)</sup> | 2652 | 0 |
| Magnit PJSC <sup>(d)</sup> | 1958 | 0 |
| Magnitogorsk Iron & Steel Works PJSC <sup>(d)</sup> | 106418 | 0 |
| Magnitogorsk Iron & Steel Works PJSC - GDR <sup>(b)(d)</sup> | 2458 | 0 |
| Severstal PAO <sup>(d)</sup> | 9320 | 0 |
| Severstal PAO - GDR <sup>(b)(d)</sup> | 2129 | 0 |
| Surgutneftegas PAO <sup>(d)</sup> | 477461 | 0 |
| TATNEFT PJSC ADS (REPR 6 ORD RUB0.1) <sup>(b)(d)</sup> | 3600 | 0 |
|  |  | 0 |
| **South Africa - 4.8%** | **South Africa - 4.8%** |  |
| Exxaro Resources Ltd. | 62377 | 545414 |
| Foschini Group Ltd. | 38536 | 260224 |
| Harmony Gold Mining Co. Ltd. | 34834 | 462382 |
| Kumba Iron Ore Ltd. | 64126 | 1060374 |
| Mr Price Group Ltd. | 25114 | 291311 |
| Sasol Ltd. <sup>(b)</sup> | 147273 | 757698 |
| Tiger Brands Ltd. | 18732 | 312093 |
| Vodacom Group Ltd. | 146917 | 1121703 |
|  |  | 4811199 |
| **Taiwan - 11.6%** | **Taiwan - 11.6%** |  |
| Alchip Technologies Ltd. | 5440 | 708079 |
| Asustek Computer, Inc. | 39240 | 870320 |
| Catcher Technology Co. Ltd. | 38293 | 271986 |
| Cheng Shin Rubber Industry Co. Ltd. | 230718 | 309969 |
| Chicony Electronics Co. Ltd. | 47087 | 206664 |
| China Airlines Ltd. | 968952 | 668746 |
| Compal Electronics, Inc. | 777911 | 768854 |
| Eva Airways Corp. | 550290 | 697830 |
| Evergreen Marine Corp. Taiwan Ltd. | 243713 | 1616724 |
| Far EasTone Telecommunications Co. Ltd. | 261200 | 714969 |
| Foxconn Technology Co. Ltd. | 58170 | 126484 |
| Largan Precision Co. Ltd. | 6180 | 489679 |
| Micro-Star International Co. Ltd. | 54220 | 261586 |
| Novatek Microelectronics Corp. | 29634 | 471602 |
| Powertech Technology, Inc. | 49205 | 207717 |
| Realtek Semiconductor Corp. | 41167 | 793066 |
| Wan Hai Lines Ltd. | 360090 | 1070106 |
| Yageo Corp. | 46160 | 819660 |
| Zhen Ding Technology Holding Ltd. | 138190 | 581049 |
|  |  | 11655090 |
| **Thailand - 8.5%** | **Thailand - 8.5%** |  |
| Advanced Info Service PCL | 216004 | 1923414 |
| Bumrungrad Hospital PCL | 47928 | 249319 |
| Charoen Pokphand Foods PCL | 1380632 | 963232 |
| Global Power Synergy PCL | 435927 | 446865 |
| PTT Exploration & Production PCL | 610906 | 2355390 |
| PTT Oil & Retail Business PCL <sup>(a)</sup> | 1122560 | 477466 |
| PTT PCL | 2054138 | 2089966 |
|  |  | 8505652 |
| **Turkey - 5.6%** | **Turkey - 5.6%** |  |
| BIM Birlesik Magazalar AS | 61311 | 801224 |
| Gubre Fabrikalari TAS <sup>(b)</sup> | 23752 | 145514 |
| Migros Ticaret AS | 31402 | 405339 |
| Oyak Cimento Fabrikalari AS <sup>(b)</sup> | 210999 | 124329 |
| Turk Hava Yollari AO | 263007 | 1865907 |
| Turk Telekomunikasyon AS <sup>(b)</sup> | 255632 | 342881 |
| Turkcell Iletisim Hizmetleri AS | 333190 | 765369 |
| Turkiye Petrol Rafinerileri AS | 293596 | 1221546 |
|  |  | 5672109 |
| **United Arab Emirates - 4.6%** | **United Arab Emirates - 4.6%** |  |
| Alpha Dhabi Holding PJSC | 589160 | 1995385 |
| Borouge PLC | 2010560 | 1445087 |
| Fertiglobe PLC | 696825 | 493254 |
| National Marine Dredging Co. | 95310 | 647674 |
|  |  | 4581400 |
| **TOTAL COMMON STOCKS** (Cost $88,926,257) | **TOTAL COMMON STOCKS** (Cost $88,926,257) | 94604246 |
| **PREFERRED STOCKS - 5.0%** |  |  |
| **Brazil - 5.0%** | **Brazil - 5.0%** |  |
|  Centrais Eletricas Brasileiras SA, 0.00% | 233616 | 1698024 |
|  Cia Energetica de Minas Gerais, 0.00% | 410056 | 749877 |
|  Gerdau SA, 0.00% | 159740 | 479544 |
|  Petroleo Brasileiro SA - Petrobras, 0.00% | 364720 | 2120105 |
| **TOTAL PREFERRED STOCKS** (Cost $5,136,613) | **TOTAL PREFERRED STOCKS** (Cost $5,136,613) | 5047550 |
| **TOTAL INVESTMENTS - 99.3% (**Cost $94,062,870**)** | **TOTAL INVESTMENTS - 99.3% (**Cost $94,062,870**)** | 99651796 |
| Other Assets in Excess of Liabilities - 0.7% | Other Assets in Excess of Liabilities - 0.7% | 667907 |
| **TOTAL NET ASSETS - 100.0%** |  | $100319703 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| GDR - Global Depositary Receipt |
| PCL - Public Company Limited |
| PJSC - Public Joint Stock Company |
| PLC - Public Limited Company |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of July 31, 2025, the value of these securities total $4,318,048 or 4.3% of the Fund's net assets.

(b) Non-income producing security.

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

(d) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities
 represented $0 or 0.0% of net assets as of July 31, 2025.

------

#### <br>

#### Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
Pacer Emerging Markets 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 | $94604246 | $– | $0 | $94604246 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 5047550 | – | – | 5047550 |
| Total Investments | $99651796 | $– | $0 | $99651796 |
| 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. |

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **<u>ECOW</u><sup><u>(a)</u></sup>** | **<u>Balance as of 04/30/2025</u>** | **<u>Net Realized</u>** <br> **<u>Gain (Loss)</u>** | **<u>Change in Net Unrealized Appreciation (Depreciation)</u>** | **<u>Purchases</u>** | **<u>Sales</u>** | **<u>Transfers Into</u>**<br> **<u>Level 3</u>** | **<u>Transfers Out of Level 3</u>** | **<u>Balance as of 07/31/2025</u>** |
| Common Stocks | $0 | $- | $- | $- | $- | $- | $- | $0 |
| The following is a summary of quantitative information about Level 3 Fair Value Measurements: | The following is a summary of quantitative information about Level 3 Fair Value Measurements: | The following is a summary of quantitative information about Level 3 Fair Value Measurements: | The following is a summary of quantitative information about Level 3 Fair Value Measurements: | The following is a summary of quantitative information about Level 3 Fair Value Measurements: | The following is a summary of quantitative information about Level 3 Fair Value Measurements: |  |  |  |
| **<u>ECOW</u>** | **<u>Fair Value as of 07/31/2025</u>** | **<u>Valuation</u>**<br> **<u>Techniques</u>** | **<u>Unobservable</u>**<br>  **<u>Input</u>** | **<u>Impact to</u>** <br> **<u>Valuation From</u>** <br> **<u>an Increase</u>** <br> **<u>to Input</u>** |  |  |  |  |
| Common Stocks | $0 | Market comparable companies | Discount for lack <br> of marketability | $0 |  |  |  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) Table presents information for ten securities, which due to the Russian foreign exchange restrictions are not actively trading.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

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

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

- **a. Name of Series:** Pacer Emerging Markets Cash Cows 100 ETF

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

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

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

- **a. Date of fiscal year-end:** 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:** $100452117.84

**Total Liabilities:** $132428.53

**Net Assets:** $100319689.31

**Cash Not Reported:** $13383.02

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209869 | 4.30%                | 3.41%                | 1.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1136.81                | $3047642.32                                |
| Month 2  | $2439078.42              | $-307737.39                                |
| Month 3  | $46164.03                | $1496167.83                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Magyar Telekom Telecommunicati         | Magyar Telekom Telecommunications PLC         | CUSIP: N/A<br>LEI: 529900CA1YDA41X76751       | Long             | EC               | CORP              | HU        |    120510 | NS      | $598963.18    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnitogorsk Iron & Steel Work         | Magnitogorsk Iron & Steel Works PJSC          | CUSIP: 559189204<br>LEI: 253400XSJ4C01YMCXG44 | Long             | EC               | CORP              | RU        |      2458 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Magnitogorsk Iron & Steel Work         | Magnitogorsk Iron & Steel Works PJSC          | CUSIP: N/A<br>LEI: 253400XSJ4C01YMCXG44       | Long             | EC               | CORP              | RU        |    106418 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BRF SA                                 | BRF SA                                        | CUSIP: N/A<br>LEI: 254900MTXR9LUVQFU480       | Long             | EC               | CORP              | BR        |    390437 | NS      | $1400108.04   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Sud Americana de Vapores S         | Cia Sud Americana de Vapores SA               | CUSIP: P3064M101<br>LEI: 549300F26ZOE5LM26551 | Long             | EC               | CORP              | CL        |   7125280 | NS      | $360069.82    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CEZ AS                                 | CEZ AS                                        | CUSIP: N/A<br>LEI: 529900S5R9YHJHYKKG94       | Long             | EC               | CORP              | CZ        |     34708 | NS      | $2014239.19   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Asustek Computer Inc                   | Asustek Computer Inc                          | CUSIP: N/A<br>LEI: 254900B3WB4OGRB7HM13       | Long             | EC               | CORP              | TW        |     39240 | NS      | $870320.13    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicony Electronics Co Ltd             | Chicony Electronics Co Ltd                    | CUSIP: N/A<br>LEI: 254900JBP5GB5B1IHS51       | Long             | EC               | CORP              | TW        |     47087 | NS      | $206663.77    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Catcher Technology Co Ltd              | Catcher Technology Co Ltd                     | CUSIP: N/A<br>LEI: 5299006PRSCU66N5JF55       | Long             | EC               | CORP              | TW        |     38293 | NS      | $271986.46    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| China Airlines Ltd                     | China Airlines Ltd                            | CUSIP: N/A<br>LEI: 25490032B2A0G6D0JP27       | Long             | EC               | CORP              | TW        |    968952 | NS      | $668746.50    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheng Shin Rubber Industry Co          | Cheng Shin Rubber Industry Co Ltd             | CUSIP: N/A<br>LEI: 3003006VZBNKJZLNJ718       | Long             | EC               | CORP              | TW        |    230718 | NS      | $309968.73    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumrungrad Hospital PCL                | Bumrungrad Hospital PCL                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |     47928 | NS      | $249319.46    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BIM Birlesik Magazalar AS              | BIM Birlesik Magazalar AS                     | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               | CORP              | TR        |     61311 | NS      | $801223.94    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINACOMSERVICE                        | China Communications Services Corp Ltd        | CUSIP: N/A<br>LEI: 529900JCDRVQE6YZKT86       | Long             | EC               | CORP              | CN        |   1232380 | NS      | $719019.16    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| China Coal Energy Co Ltd               | China Coal Energy Co Ltd                      | CUSIP: N/A<br>LEI: 529900KRC89344UI3Z10       | Long             | EC               | CORP              | CN        |   1763390 | NS      | $2169980.56   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CMOC Group Ltd                         | CMOC Group Ltd                                | CUSIP: N/A<br>LEI: 2549008KG3638J59U652       | Long             | EC               | CORP              | CN        |   2212390 | NS      | $2519588.10   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Energetica de Minas Gerais         | Cia Energetica de Minas Gerais                | CUSIP: N/A<br>LEI: 254900W703PXLDSEM056       | Long             | EP               | CORP              | BR        |    410056 | NS      | $749876.94    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| China Hongqiao Group Ltd               | China Hongqiao Group Ltd                      | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | CN        |   1036399 | NS      | $2746127.29   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Charoen Pokphand Foods PCL             | Charoen Pokphand Foods PCL                    | CUSIP: N/A<br>LEI: 529900FJ3AI2GKGIWK15       | Long             | EC               | CORP              | TH        |   1380632 | NS      | $963231.63    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk PT             | Astra International Tbk PT                    | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |   6783551 | NS      | $2102467.95   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Borouge PLC                            | Borouge PLC                                   | CUSIP: N/A<br>LEI: 2549001Z4YA6WG9MBM08       | Long             | EC               | CORP              | AE        |   2010560 | NS      | $1445087.43   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| China Literature Ltd                   | China Literature Ltd                          | CUSIP: N/A<br>LEI: 529900YXWIZUFHMK8W28       | Long             | EC               | CORP              | CN        |    108509 | NS      | $427124.60    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Alfa SAB de CV                         | Alfa SAB de CV                                | CUSIP: P0156P117<br>LEI: 549300ZCGJ6T8YDJ4M34 | Long             | EC               | CORP              | MX        |   1027132 | NS      | $749182.95    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Eletrobras SA                          | Centrais Eletricas Brasileiras SA             | CUSIP: P22854106<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EP               | CORP              | BR        |    233616 | NS      | $1698024.16   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Surest         | Grupo Aeroportuario del Sureste SAB de CV     | CUSIP: P4950Y100<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |     18930 | NS      | $573980.88    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV                 | Grupo Mexico SAB de CV                        | CUSIP: P49538112<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |    340514 | NS      | $2124309.18   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Gerdau SA                              | Gerdau SA                                     | CUSIP: P2867P113<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EP               | CORP              | BR        |    159740 | NS      | $479543.78    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Gerdau SA                              | Gerdau SA                                     | CUSIP: 373737105<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EC               | CORP              | BR        |         0 | NS      | $0.59         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eva Airways Corp                       | Eva Airways Corp                              | CUSIP: N/A<br>LEI: 254900S1P4XOXV67GC07       | Long             | EC               | CORP              | TW        |    550290 | NS      | $697829.85    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Compal Electronics Inc                 | Compal Electronics Inc                        | CUSIP: N/A<br>LEI: 529900ZPKWFDL21LW166       | Long             | EC               | CORP              | TW        |    777911 | NS      | $768854.16    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergreen Marine Corp Taiwan L         | Evergreen Marine Corp Taiwan Ltd              | CUSIP: N/A<br>LEI: 254900EIJA0A39C5SO15       | Long             | EC               | CORP              | TW        |    243713 | NS      | $1616724.15   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Foschini Group Ltd                     | Foschini Group Ltd                            | CUSIP: N/A<br>LEI: 3789PTO7LG718IG59F97       | Long             | EC               | CORP              | ZA        |     38536 | NS      | $260224.43    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Info Service PCL              | Advanced Info Service PCL                     | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | EC               | CORP              | TH        |    216004 | NS      | $1923413.83   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxaro Resources Ltd                   | Exxaro Resources Ltd                          | CUSIP: S26949107<br>LEI: 378900BC3D9BFF4E4A37 | Long             | EC               | CORP              | ZA        |     62377 | NS      | $545414.59    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Far EasTone Telecommunications         | Far EasTone Telecommunications Co Ltd         | CUSIP: N/A<br>LEI: 529900L7W7BWDLVZL253       | Long             | EC               | CORP              | TW        |    261200 | NS      | $714969.09    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Foxconn Technology Co Ltd              | Foxconn Technology Co Ltd                     | CUSIP: N/A<br>LEI: 3003003OO8QC88ZHCE44       | Long             | EC               | CORP              | TW        |     58170 | NS      | $126484.06    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CPFL Energia SA                        | CPFL Energia SA                               | CUSIP: N/A<br>LEI: 529900GBWSBDXN8GGM28       | Long             | EC               | CORP              | BR        |    190076 | NS      | $1280061.07   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| COSCO SHIPPING Holdings Co Ltd         | COSCO SHIPPING Holdings Co Ltd                | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | CN        |   1145660 | NS      | $2095755.11   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dongfeng Motor Group Co Ltd            | Dongfeng Motor Group Co Ltd                   | CUSIP: N/A<br>LEI: 3003002JNYOYPX54GE50       | Long             | EC               | CORP              | CN        |   1890840 | NS      | $1141730.14   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Yangzijiang Shipbuilding Holdi         | Yangzijiang Shipbuilding Holdings Ltd         | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | CN        |    932698 | NS      | $1838960.94   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecopetrol SA                           | Ecopetrol SA                                  | CUSIP: N/A<br>LEI: 254900IDGKCJICKBPA66       | Long             | EC               | CORP              | CO        |   4309000 | NS      | $1811827.78   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamtri Resources Indonesia Tb         | Alamtri Resources Indonesia Tbk PT            | CUSIP: N/A<br>LEI: 529900P2WAH7XA87OI24       | Long             | EC               | CORP              | ID        |   8984551 | NS      | $1010113.60   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alchip Technologies Ltd                | Alchip Technologies Ltd                       | CUSIP: N/A<br>LEI: 529900HKE9RIY07SLX84       | Long             | EC               | CORP              | TW        |      5440 | NS      | $708079.40    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Alrosa PJSC                            | Alrosa PJSC                                   | CUSIP: N/A<br>LEI: 894500DKUWVBYZLLE651       | Long             | EC               | CORP              | RU        |     91900 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Zhen Ding Technology Holding L         | Zhen Ding Technology Holding Ltd              | CUSIP: N/A<br>LEI: 549300H7R4K33675UP38       | Long             | EC               | CORP              | TW        |    138190 | NS      | $581048.50    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambev SA                               | Ambev SA                                      | CUSIP: N/A<br>LEI: 549300TH5Q6VRP8OT012       | Long             | EC               | CORP              | BR        |    765660 | NS      | $1714669.29   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Dhabi Holding PJSC               | Alpha Dhabi Holding PJSC                      | CUSIP: N/A<br>LEI: 254900EH6E1KZJBO3246       | Long             | EC               | CORP              | AE        |    589160 | NS      | $1995385.42   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Fertiglobe plc                         | Fertiglobe plc                                | CUSIP: N/A<br>LEI: 984500A99D1B4CPBF744       | Long             | EC               | CORP              | AE        |    696825 | NS      | $493253.56    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Power Synergy PCL               | Global Power Synergy PCL                      | CUSIP: N/A<br>LEI: 2549009TMPQXKDVDN395       | Long             | EC               | CORP              | TH        |    435927 | NS      | $446865.19    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel Chile SA                          | Enel Chile SA                                 | CUSIP: N/A<br>LEI: 549300YM5CWCAUVOPB53       | Long             | EC               | CORP              | CL        |  10528760 | NS      | $674413.95    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Gold Mining Co Ltd             | Harmony Gold Mining Co Ltd                    | CUSIP: N/A<br>LEI: 378900986D05F0C29811       | Long             | EC               | CORP              | ZA        |     34834 | NS      | $462381.73    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangdong Investment Ltd               | Guangdong Investment Ltd                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |   1225820 | NS      | $1091526.34   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Gubre Fabrikalari TAS                  | Gubre Fabrikalari TAS                         | CUSIP: N/A<br>LEI: 789000SGBEVHE90LX945       | Long             | EC               | CORP              | TR        |     23752 | NS      | $145514.44    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Micro-Star International Co Lt         | Micro-Star International Co Ltd               | CUSIP: N/A<br>LEI: 254900F4E0BDGJSSD870       | Long             | EC               | CORP              | TW        |     54220 | NS      | $261585.73    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Migros Ticaret AS                      | Migros Ticaret AS                             | CUSIP: N/A<br>LEI: 5493002IOWNT1QZMAA74       | Long             | EC               | CORP              | TR        |     31402 | NS      | $405339.31    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MOL Hungarian Oil & Gas PLC            | MOL Hungarian Oil & Gas PLC                   | CUSIP: N/A<br>LEI: 213800R83KX5FQFGXS67       | Long             | EC               | CORP              | HU        |    109416 | NS      | $952159.19    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Mr Price Group Ltd                     | Mr Price Group Ltd                            | CUSIP: N/A<br>LEI: 378900D3417C35C5D733       | Long             | EC               | CORP              | ZA        |     25114 | NS      | $291310.68    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Realtek Semiconductor Corp             | Realtek Semiconductor Corp                    | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |     41167 | NS      | $793065.58    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Powertech Technology Inc               | Powertech Technology Inc                      | CUSIP: N/A<br>LEI: 254900O6KNZXH2RI9Q14       | Long             | EC               | CORP              | TW        |     49205 | NS      | $207716.89    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sasol Ltd                              | Sasol Ltd                                     | CUSIP: 803866102<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |    147273 | NS      | $757698.51    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Telekom Malaysia Bhd                   | Telekom Malaysia Bhd                          | CUSIP: N/A<br>LEI: 254900SNFPTSDGGVEK77       | Long             | EC               | CORP              | MY        |    307747 | NS      | $487055.63    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaga Nasional Bhd                    | Tenaga Nasional Bhd                           | CUSIP: N/A<br>LEI: 549300FV8X6UID6I1413       | Long             | EC               | CORP              | MY        |    572498 | NS      | $1747696.12   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Shanghai Electric Group Co Ltd         | Shanghai Electric Group Co Ltd                | CUSIP: N/A<br>LEI: 529900WHVV4GODE91T37       | Long             | EC               | CORP              | CN        |   5443160 | NS      | $2218867.77   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT Exploration & Production P         | PTT Exploration & Production PCL              | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |    610906 | NS      | $2355390.33   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Severstal PAO                          | Severstal PAO                                 | CUSIP: 818150302<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |      2129 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Sinotruk Hong Kong Ltd                 | Sinotruk Hong Kong Ltd                        | CUSIP: N/A<br>LEI: 529900BB4WA4W576X724       | Long             | EC               | CORP              | CN        |    350238 | NS      | $1068560.52   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Severstal PAO                          | Severstal PAO                                 | CUSIP: N/A<br>LEI: 213800OKDPTV6K4ONO53       | Long             | EC               | CORP              | RU        |      9320 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Surgutneftegas PAO                     | Surgutneftegas PAO                            | CUSIP: N/A<br>LEI: 2138002GZLU65FRAC894       | Long             | EC               | CORP              | RU        |    477461 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Telefonica Brasil SA                   | Telefonica Brasil SA                          | CUSIP: N/A<br>LEI: 529900MTGG2HSDBIWG79       | Long             | EC               | CORP              | BR        |    350734 | NS      | $1973663.66   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Richter Gedeon Nyrt                    | Richter Gedeon Nyrt                           | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |     21758 | NS      | $653075.82    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumber Alfaria Trijaya Tbk PT          | Sumber Alfaria Trijaya Tbk PT                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |   2227392 | NS      | $314041.29    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT PCL                                | PTT PCL                                       | CUSIP: N/A<br>LEI: 549300QOGMPTKB6W7G56       | Long             | EC               | CORP              | TH        |   2054138 | NS      | $2089965.99   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia Persero Tbk P         | Telkom Indonesia Persero Tbk PT               | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |  11012432 | NS      | $1927426.57   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT Oil & Retail Business PCL          | PTT Oil & Retail Business PCL                 | CUSIP: N/A<br>LEI: 254900E86F1OANU6B371       | Long             | EC               | CORP              | TH        |   1122560 | NS      | $477465.85    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Rede D'Or Sao Luiz SA                  | Rede D'Or Sao Luiz SA                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    143000 | NS      | $826912.88    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| TATNEFT PJSC ADS (REPR 6 ORD RUB0.1)   | TATNEFT PJSC ADS (REPR 6 ORD RUB0.1)          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |      3600 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Novatek Microelectronics Corp          | Novatek Microelectronics Corp                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     29634 | NS      | $471602.31    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NMDC Group PJSC                        | NMDC Group PJSC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |     95310 | NS      | $647673.62    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| OPAP SA                                | OPAP SA                                       | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |     36377 | NS      | $816154.63    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Oyak Cimento Fabrikalari AS            | Oyak Cimento Fabrikalari AS                   | CUSIP: N/A<br>LEI: 789000RZ63UR4V4JZH98       | Long             | EC               | CORP              | TR        |    210999 | NS      | $124328.61    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| New Oriental Education & Techn         | New Oriental Education & Technology Group Inc | CUSIP: N/A<br>LEI: 529900NHZVBZQZ8EKN29       | Long             | EC               | CORP              | CN        |    176970 | NS      | $789038.22    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Turk Hava Yollari AO                   | Turk Hava Yollari AO                          | CUSIP: N/A<br>LEI: 789000EV8M3BL7ZPFB03       | Long             | EC               | CORP              | TR        |    263007 | NS      | $1865906.70   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Tiger Brands Ltd                       | Tiger Brands Ltd                              | CUSIP: N/A<br>LEI: 529900C57HAFZAHHBC90       | Long             | EC               | CORP              | ZA        |     18732 | NS      | $312092.88    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Topsports International Holdin         | Topsports International Holdings Ltd          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |   1062350 | NS      | $428999.94    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| United Tractors Tbk PT                 | United Tractors Tbk PT                        | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |    783030 | NS      | $1149205.38   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WEIGAO GROUP                           | Shandong Weigao Group Medical Polymer Co Ltd  | CUSIP: N/A<br>LEI: 5299005WQUU15JQU8S60       | Long             | EC               | CORP              | CN        |    479300 | NS      | $421906.11    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Wan Hai Lines Ltd                      | Wan Hai Lines Ltd                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    360090 | NS      | $1070105.80   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Yageo Corp                             | Yageo Corp                                    | CUSIP: N/A<br>LEI: 5493001P0TOZH7GGNQ21       | Long             | EC               | CORP              | TW        |     46160 | NS      | $819659.94    | 0.82%             |  |  |  | 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        |    145026 | NS      | $145026.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkcell Iletisim Hizmetleri A         | Turkcell Iletisim Hizmetleri AS               | CUSIP: N/A<br>LEI: 7890003EX1LTLS2FFL84       | Long             | EC               | CORP              | TR        |    333190 | NS      | $765369.11    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Petrol Rafinerileri AS         | Turkiye Petrol Rafinerileri AS                | CUSIP: N/A<br>LEI: 789000RCNG97UV50EE03       | Long             | EC               | CORP              | TR        |    293596 | NS      | $1221546.24   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Turk Telekomunikasyon AS               | Turk Telekomunikasyon AS                      | CUSIP: N/A<br>LEI: 789000A2TXOI10JZLF90       | Long             | EC               | CORP              | TR        |    255632 | NS      | $342880.85    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodacom Group Ltd                      | Vodacom Group Ltd                             | CUSIP: N/A<br>LEI: 37890012A8DC24B8D663       | Long             | EC               | CORP              | ZA        |    146917 | NS      | $1121702.68   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TIM SA/Brazil                          | TIM SA/Brazil                                 | CUSIP: N/A<br>LEI: 529900QI0CH1DN5ZCS77       | Long             | EC               | CORP              | BR        |    414826 | NS      | $1528312.16   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROBRAS                              | Petroleo Brasileiro SA - Petrobras            | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EP               | CORP              | BR        |    364720 | NS      | $2120105.37   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Perusahaan Gas Negara Tbk PT           | Perusahaan Gas Negara Tbk PT                  | CUSIP: N/A<br>LEI: 549300OX1VFDX7ZPN240       | Long             | EC               | CORP              | ID        |   6117604 | NS      | $605997.84    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrias Penoles SAB de CV           | Industrias Penoles SAB de CV                  | CUSIP: P55409141<br>LEI: 549300WA2HB7776CB324 | Long             | EC               | CORP              | MX        |     45625 | NS      | $1198245.76   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark de Mexico SAB d         | Kimberly-Clark de Mexico SAB de CV            | CUSIP: N/A<br>LEI: 549300JGHL56QT00KT54       | Long             | EC               | CORP              | MX        |    160104 | NS      | $299754.75    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Latam Airlines Group SA                | Latam Airlines Group SA                       | CUSIP: N/A<br>LEI: 549300HX3UUDPEFTG707       | Long             | EC               | CORP              | CL        |  53317875 | NS      | $1166008.16   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hellenic Telecommunications Or         | Hellenic Telecommunications Organization SA   | CUSIP: N/A<br>LEI: ELPUFM0XZRZO4LFXW404       | Long             | EC               | CORP              | GR        |     25709 | NS      | $466492.18    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Kunlun Energy Co Ltd                   | Kunlun Energy Co Ltd                          | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | HK        |   1006592 | NS      | $970688.08    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Hisense HA                             | Hisense Home Appliances Group Co Ltd          | CUSIP: N/A<br>LEI: 529900PRGESPUBUBN103       | Long             | EC               | CORP              | CN        |    191878 | NS      | $552413.10    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Largan Precision Co Ltd                | Largan Precision Co Ltd                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      6180 | NS      | $489679.20    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Ning Co Ltd                         | Li Ning Co Ltd                                | CUSIP: N/A<br>LEI: 529900T77L2FV3FZ3U81       | Long             | EC               | CORP              | CN        |    308919 | NS      | $655616.63    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Lojas Renner SA                        | Lojas Renner SA                               | CUSIP: N/A<br>LEI: 52990032N7OAAM138D78       | Long             | EC               | CORP              | BR        |    111364 | NS      | $322186.03    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Kumba Iron Ore Ltd                     | Kumba Iron Ore Ltd                            | CUSIP: N/A<br>LEI: 3789006C753402643048       | Long             | EC               | CORP              | ZA        |     64126 | NS      | $1060373.77   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingsoft Corp Ltd                      | Kingsoft Corp Ltd                             | CUSIP: G5264Y108<br>LEI: 529900UVT35D3Q7YQY41 | Long             | EC               | CORP              | CN        |    149749 | NS      | $681977.93    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnit PJSC                            | Magnit PJSC                                   | CUSIP: N/A<br>LEI: 2534009KKPTVL99W2Y12       | Long             | EC               | CORP              | RU        |      1958 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Inter RAO UES PJSC                     | Inter RAO UES PJSC                            | CUSIP: N/A<br>LEI: 253400PMFKF8Q8G1FA17       | Long             | EC               | CORP              | RU        |   1901988 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JD.com Inc                             | JD.com Inc                                    | CUSIP: G8208B101<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |    117180 | NS      | $1834576.05   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Logistics Inc                       | JD Logistics Inc                              | CUSIP: G5074S101<br>LEI: 655600LWTFVMV3E2A890 | Long             | EC               | CORP              | CN        |   1239877 | NS      | $2157543.93   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| LUKOIL PJSC                            | LUKOIL PJSC                                   | CUSIP: 69343P105<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |      2652 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |

### 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