Pacer Funds

 

TABLE OF CONTENTS

 

 

Page

Portfolio Allocation

1

Performance Summary

11

Expense Example

40

Schedules of Investments

43

Statements of Assets & Liabilities

140

Statements of Operations

146

Statements of Changes in Net Assets

152

Financial Highlights

166

Notes to Financial Statements

193

Additional Information

219

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited)
As of October 31, 2021

 

Pacer Trendpilot® US Large Cap ETF

 

Sector(a)

Percentage of
Net Assets

Technology

24.2%

Consumer, Non-Cyclical

19.5%

Communications

15.7%

Financial

15.1%

Consumer, Cyclical

10.3%

Industrial

7.8%

Energy

2.9%

Utilities

2.4%

Basic Materials

2.0%

Short-Term Investments

0.1%

Investments Purchased with Proceeds from Securities Lending

3.3%

Liabilities in excess of other assets

-3.3%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Pacer Trendpilot® US Large Cap Index.

 

Pacer Trendpilot® US Mid Cap ETF

 

Sector(a)

Percentage of
Net Assets

Financial

13.6%

Industrial

11.4%

Consumer, Non-Cyclical

9.5%

Consumer, Cyclical

9.2%

Technology

4.9%

Basic Materials

2.4%

Energy

2.2%

Communications

1.7%

Utilities

1.5%

Short-Term Investments

43.6%

Investments Purchased with Proceeds from Securities Lending

14.3%

Liabilities in excess of other assets

-14.3%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Pacer Trendpilot® US Mid Cap Index.

 

Pacer Trendpilot® 100 ETF

 

Sector(a)

Percentage of
Net Assets

Technology

26.0%

Communications

16.8%

Consumer, Non-Cyclical

6.9%

Consumer, Cyclical

6.1%

Industrial

0.9%

Utilities

0.5%

Short-Term Investments

43.0%

Investments Purchased with Proceeds from Securities Lending

1.3%

Liabilities in excess of other assets

-1.5%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Pacer Nasdaq-100 Trendpilot® Index.

 

1

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2021

 

Pacer Trendpilot® European Index ETF

 

Sector(a)

Percentage of
Net Assets

Consumer, Non-Cyclical

18.3%

Financial

17.4%

Consumer, Cyclical

14.6%

Industrial

14.5%

Technology

12.2%

Communications

6.1%

Basic Materials

6.1%

Utilities

6.0%

Energy

3.8%

Short-Term Investments

0.2%

Investments Purchased with Proceeds from Securities Lending

12.6%

Liabilities in excess of other assets

-11.8%

Total

100.0%

 

(a)

The Fund generally classifies a company based on its country of incorporation, but may designate a different country in certain circumstances.

 

Pacer Trendpilot® International ETF

 

Sector(a)

Percentage of
Net Assets

Consumer, Non-Cyclical

23.2%

Financial

20.4%

Industrial

12.5%

Consumer, Cyclical

12.4%

Technology

6.3%

Communications

6.0%

Basic Materials

6.0%

Investment Companies

5.1%

Energy

4.8%

Utilities

2.7%

Diversified

0.2%

Short-Term Investments

0.1%

Investments Purchased with Proceeds from Securities Lending

4.7%

Liabilities in excess of other assets

-4.4%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Pacer Trendpilot® International Index.

 

2

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2021

 

Pacer Trendpilot® US Bond ETF

 

Sector(a)

Percentage of
Net Assets

Consumer, Cyclical

20.8%

Communications

15.9%

Financial

15.5%

Consumer, Non-Cyclical

12.6%

Industrial

12.1%

Energy

11.7%

Basic Materials

7.5%

Technology

1.9%

Utilities

0.4%

Short-Term Investments

0.4%

Investments Purchased with Proceeds from Securities Lending

26.2%

Liabilities in excess of other assets

-25.0%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Pacer Trendpilot® US Bond Index.

 

Pacer Trendpilot® Fund of Funds ETF

 

Sector(a)

Percentage of
Net Assets

Affiliated Exchange Traded Funds

99.9%

Short-Term Investments

0.1%

Liabilities in excess of other assets

0.0%*

Total

100.0%

 

*

Less than 0.05%.

(a)

The Fund may classify a company in a different category than the Pacer Trendpilot® Fund of Funds Index.

 

Pacer Global Cash Cows Dividend ETF

 

Sector(a)

Percentage of
Net Assets

Consumer, Non-Cyclical

39.1%

Communications

20.0%

Energy

9.4%

Consumer, Cyclical

8.5%

Basic Materials

7.6%

Industrial

5.5%

Technology

4.9%

Utilities

3.3%

Diversified

1.1%

Short-Term Investments

0.1%

Investments Purchased with Proceeds from Securities Lending

13.8%

Liabilities in excess of other assets

-13.3%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Pacer Global Cash Cows Dividend 100 Index.

 

3

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2021

 

Pacer US Cash Cows 100 ETF

 

Sector(a)

Percentage of
Net Assets

Consumer, Cyclical

31.3%

Consumer, Non-Cyclical

20.3%

Technology

12.3%

Communications

11.5%

Basic Materials

7.5%

Industrial

7.2%

Energy

6.4%

Financial

2.5%

Utilities

0.7%

Short-Term Investments

0.2%

Investments Purchased with Proceeds from Securities Lending

15.3%

Liabilities in excess of other assets

-15.2%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Pacer US Cash Cows 100 Index.

 

Pacer US Small Cap Cash Cows 100 ETF

 

Sector(a)

Percentage of
Net Assets

Consumer, Cyclical

51.4%

Consumer, Non-Cyclical

16.5%

Industrial

12.7%

Energy

6.2%

Communications

5.3%

Basic Materials

2.7%

Financial

2.7%

Technology

2.5%

Short-Term Investments

0.0%*

Investments Purchased with Proceeds from Securities Lending

30.2%

Liabilities in excess of other assets

-30.2%

Total

100.0%

 

*

Less than 0.05%

(a)

The Fund may classify a company in a different category than the Pacer US Small Cap Cash Cows 100 Index.

 

Pacer Developed Markets International Cash Cows 100 ETF

 

Sector(a)

Percentage of
Net Assets

Consumer, Cyclical

22.8%

Communications

19.2%

Consumer, Non-Cyclical

18.0%

Industrial

16.2%

Basic Materials

10.0%

Energy

7.1%

Technology

4.2%

Diversified

1.9%

Short-Term Investments

0.5%

Investments Purchased with Proceeds from Securities Lending

2.2%

Liabilities in excess of other assets

-2.1%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Pacer Developed Markets International Cash Cows 100 Index.

 

4

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2021

 

Pacer US Cash Cows Growth ETF

 

Sector(a)

Percentage of
Net Assets

Technology

34.9%

Consumer, Non-cyclical

24.5%

Communications

18.3%

Consumer, Cyclical

12.7%

Industrial

6.6%

Basic Materials

1.7%

Energy

1.2%

Short-Term Investments

0.1%

Investments Purchased with Proceeds from Securities Lending

19.9%

Liabilities in excess of other assets

-19.9%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Pacer US Cash Cows Growth Index.

 

Pacer Emerging Markets Cash Cows 100 ETF

 

Sector(a)

Percentage of
Net Assets

Basic Materials

17.2%

Consumer, Cyclical

15.8%

Industrial

14.8%

Energy

12.9%

Consumer, Non-Cyclical

12.6%

Communications

12.5%

Utilities

5.9%

Technology

3.1%

Diversified

3.0%

Financial

1.6%

Short-Term Investments

0.3%

Other assets in excess of liabilities

0.3%

Total

100.0%

 

(a)

The Fund generally classifies a company based on its country of incorporation, but may designate a different country in certain circumstances.

 

Pacer Cash Cows Fund of Funds ETF

 

Sector(a)

Percentage of
Net Assets

Affiliated Exchange Traded Funds

99.9%

Short-Term Investments

0.1%

Liabilities in excess of other assets

0.0%*

Total

100.0%

 

*

Less than 0.05%.

(a)

The Fund may classify a company in a different category than the Pacer Cash Cows Fund of Funds Index.

 

5

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2021

 

Pacer WealthShield ETF

 

Sector(a)

Percentage of
Net Assets

Financial

40.0%

Technology

22.9%

Communications

20.0%

Consumer, Cyclical

13.6%

Consumer, Non-cyclical

2.9%

Industrial

0.4%

Energy

0.1%

Short-Term Investments

0.1%

Investments Purchased with Proceeds from Securities Lending

14.5%

Liabilities in excess of other assets

-14.5%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Pacer WealthShield Index.

 

Pacer Benchmark Industrial Real Estate SCTRSM ETF

 

Sector(a)

Percentage of
Net Assets

Financial

99.8%

Short-Term Investments

0.2%

Investments Purchased with Proceeds from Securities Lending

6.6%

Liabilities in excess of other assets

-6.6%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Benchmark Industrial Real Estate SCTRSM Index.

 

Pacer Benchmark Data & Infrastructure Real Estate SCTRSM ETF

 

Sector(a)

Percentage of
Net Assets

Financial

79.1%

Communications

13.0%

Industrial

7.8%

Short-Term Investments

0.1%

Investments Purchased with Proceeds from Securities Lending

11.3%

Liabilities in excess of other assets

-11.3%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Benchmark Data & Infrastructure Real Estate SCTRSM Index.

 

 

6

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2021

 

Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF

 

Sector(a)

Percentage of
Net Assets

Consumer, Cyclical

26.0%

Industrial

25.8%

Technology

18.2%

Basic Materials

17.0%

Consumer, Non-Cyclical

6.4%

Communications

5.0%

Financial

0.9%

Energy

0.5%

Short-Term Investments

0.2%

Investments Purchased with Proceeds from Securities Lending

21.3%

Liabilities in excess of other assets

-21.3%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index.

 

Pacer CSOP FTSE China A50 ETF    

 

Sector(a)

Percentage of
Net Assets

Financial

36.1%

Consumer, Non-Cyclical

33.2%

Consumer, Cyclical

9.7%

Industrial

7.5%

Energy

5.5%

Basic Materials

3.9%

Communications

2.7%

Utilities

1.3%

Short-Term Investments

0.1%

Other assets in excess of liabilities

0.0%*

Total

100.0%

 

*

Less than 0.05%.

(a)

The Fund may classify a company in a different category than the FTSE China A50 Net Total Return Index.

 

Pacer BioThreat Strategy ETF

 

Sector(a)

Percentage of
Net Assets

Consumer, Non-Cyclical

54.4%

Consumer, Cyclical

15.4%

Communications

10.6%

Technology

10.5%

Industrial

7.1%

Basic Materials

1.8%

Short-Term Investments

0.2%

Investments Purchased with Proceeds from Securities Lending

16.4%

Liabilities in excess of other assets

-16.4%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the BioShares BioThreat Index.

 

7

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2021

 

Pacer Lunt Large Cap Alternator ETF

 

Sector(a)

Percentage of
Net Assets

Technology

34.7%

Consumer, Cyclical

18.3%

Energy

16.6%

Financial

9.7%

Communications

8.0%

Consumer, Non-cyclical

5.8%

Industrial

4.5%

Basic Materials

2.1%

Short-Term Investments

0.1%

Investments Purchased with Proceeds from Securities Lending

8.1%

Liabilities in excess of other assets

-7.9%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Lunt Capital U.S. Large Cap Equity Rotation Index.

 

Pacer Lunt Midcap Multi-Factor Alternator ETF

 

Sector(a)

Percentage of
Net Assets

Financial

29.9%

Consumer, Cyclical

22.9%

Consumer, Non-Cyclical

12.5%

Industrial

12.0%

Energy

9.7%

Technology

6.4%

Basic Materials

3.6%

Communications

2.1%

Utilities

0.9%

Short-Term Investments

0.1%

Investments Purchased with Proceeds from Securities Lending

28.3%

Liabilities in excess of other assets

-28.4%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Lunt Capital U.S. MidCap Multi-Factor Rotation Index.

 

Pacer Lunt Large Cap Multi-Factor Alternator ETF

 

Sector(a)

Percentage of
Net Assets

Technology

19.5%

Financial

19.2%

Communications

17.0%

Consumer, Cyclical

17.0%

Consumer, Non-Cyclical

13.8%

Industrial

10.1%

Basic Materials

1.8%

Energy

1.5%

Short-Term Investments

0.1%

Investments Purchased with Proceeds from Securities Lending

10.2%

Liabilities in excess of other assets

-10.2%

Total

100.0%

 

* Less than 0.05%.

(a)

The Fund may classify a company in a different category than the Lunt Capital U.S. Large Cap Multi-Factor Rotation Index.

 

8

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2021

 

Pacer US Export Leaders ETF

 

Sector(a)

Percentage of
Net Assets

Technology

34.3%

Industrial

20.0%

Consumer, Non-cyclical

17.9%

Consumer, Cyclical

8.8%

Basic Materials

8.7%

Communications

5.2%

Energy

5.0%

Short-Term Investments

0.1%

Investments Purchased with Proceeds from Securities Lending

17.7%

Liabilities in excess of other assets

-17.7%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Pacer US Export Leaders Index.

 

Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF

 

Sector(a)

Percentage of
Net Assets

Technology

22.5%

Consumer, Non-Cyclical

18.1%

Communications

14.7%

Financial

14.0%

Consumer, Cyclical

9.5%

Industrial

7.2%

Energy

2.7%

Utilities

2.2%

Basic Materials

1.9%

Short-Term Investments

2.3%

Other assets in excess of liabilities

4.9%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Metaurus US Large Cap Dividend Multiplier Total Return - Series 300.

 

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

 

Sector(a)

Percentage of
Net Assets

Technology

21.7%

Consumer, Non-Cyclical

17.5%

Communications

14.1%

Financial

13.4%

Consumer, Cyclical

9.3%

Industrial

7.0%

Energy

2.6%

Utilities

2.1%

Basic Materials

1.8%

Short-Term Investments

8.5%

Other assets in excess of liabilities

2.0%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the Metaurus US Large Cap Dividend Multiplier Total Return - Series 400.

 

9

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2021

 

Pacer Pacific Asset Floating Rate High Income ETF

 

Sector(a)

Percentage of
Net Assets

Consumer, Cyclical

24.4%

Industrial

18.7%

Consumer, Non-cyclical

15.3%

Communications

14.5%

Technology

13.3%

Financial

6.9%

Energy

2.8%

Basic Materials

2.4%

Other assets in excess of liabilities

1.7%

Total

100.0%

 

(a)

The Fund may classify a company in a different category than the S&P LSTA U.S. Leverage Loan 100 Index.

 

10

 

 

Pacer Trendpilot® US Large Cap ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on June 11, 2015, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Pacer Trendpilot® US Large Cap Index uses an objective, rules-based methodology to implement a systematic trend-following strategy that directs exposure (i) 100% to the S&P 500 Total Return Index, (ii) 50% to the S&P 500 Total Return Index and 50% to 3-Month US Treasury bills, or (iii) 100% to 3-Month US Treasury bills, depending on the relative performance of the S&P 500 Total Return Index and its 200-business day historical simple moving average.

 

The S&P 500 Total Return Index consists of approximately 500 leading U.S.-listed companies representing approximately 8% of the U.S. equity market capitalization.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer Trendpilot® US Large Cap ETF - NAV

42.00%

12.90%

13.33%

8.75%

Pacer Trendpilot® US Large Cap ETF - Market

41.96%

12.87%

13.34%

8.75%

Pacer Trendpilot® US Large Cap Index(3)

42.91%

13.58%

14.03%

9.41%

S&P 500® Index(3)

42.91%

21.48%

18.93%

15.20%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, as supplemented October 15, 2020, is 0.60%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is June 11, 2015.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

11

 

 

Pacer Trendpilot® US Mid Cap ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on June 11, 2015, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Pacer Trendpilot® US Mid Cap Index uses an objective, rules-based methodology to implement a systematic trend-following strategy that directs exposure (i) 100% to the S&P MidCap 400 Index, (ii) 50% to the S&P MidCap 400 Index and 50% to 3-Month US Treasury bills, or (iii) 100% to 3-Month US Treasury bills, depending on the relative performance of the S&P MidCap 400 Total Return Index and its 200-business day historical simple moving average.

 

The S&P MidCap 400 Index is a total return version of the S&P MidCap 400 Index and reflects the reinvestment of dividends paid by the securities in the S&P MidCap 400 Index. The S&P Midcap 400 measures the performance of mid-capitalization stocks in the United States.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer Trendpilot® US Mid Cap ETF - NAV

30.29%

6.27%

8.87%

6.67%

Pacer Trendpilot® US Mid Cap ETF - Market

30.36%

6.26%

8.85%

6.67%

Pacer Trendpilot® US Mid Cap Index(3)

31.35%

6.97%

9.53%

7.34%

S&P MidCap 400 Index(3)

48.90%

17.07%

14.89%

11.55%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, as supplemented October 15, 2020, is 0.60%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is June 11, 2015.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

12

 

 

Pacer Trendpilot® 100 ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on June 11, 2015, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

Pacer NASDAQ-100 Trendpilot® Index uses an objective, rules-based methodology to implement a systematic trend-following strategy that directs exposure (i) 100% to the NASDAQ-100 Index, (ii) 50% to the NASDAQ-100 Index and 50% to 3-Month US Treasury bills, or (iii) 100% to 3-Month US Treasury bills, depending on the relative performance of the NASDAQ-100 Index and its 200-business day historical simple moving average.

 

The NASDAQ-100 Index includes approximately 100 of the largest non-financial securities listed on The NASDAQ Stock Market based on market capitalization. The NASDAQ-100 Index comprises securities of companies across major industry groups, including computer, biotechnology, healthcare, telecommunications and transportation. However, it does not contain securities of financial companies, including investment companies. The NASDAQ-100 Index was developed by NASDAQ OMX. There is no minimum market capitalization requirement for inclusion in the NASDAQ-100 Index. Inclusion is determined based on the top 100 largest issuers based on market capitalization meeting all other eligibility requirements.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer Trendpilot® 100 ETF - NAV

20.66%

21.33%

21.15%

14.45%

Pacer Trendpilot® 100 ETF - Market

20.60%

21.14%

21.10%

14.45%

Pacer NASDAQ-100 Trendpilot® Index(3)

21.43%

21.86%

21.84%

15.13%

NASDAQ-100 Index(3)

44.43%

32.74%

28.25%

23.11%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, as supplemented October 15, 2020, is 0.65%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is June 11, 2015.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

13

 

 

Pacer Trendpilot® European Index ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on December 14, 2015, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Pacer Trendpilot® European Index uses an objective, rules-based methodology to implement a systematic trend-following strategy that directs exposure (i) 100% to the FTSE Eurozone Index, (ii) 50% to the FTSE Eurozone Index and 50% to 3-Month US Treasury bills, or (iii) 100% to 3-Month US Treasury bills, depending on the relative performance of the FTSE Eurozone Total Return Index and its 200-business day historical simple moving average.

 

The FTSE Eurozone Index is a rules-based, float-adjusted, market capitalization-weighted index comprised of large- and mid-capitalization stocks providing coverage of the developed markets in the euro zone, including primarily France, Germany, Spain, the Netherlands, and Italy. The FTSE Eurozone Index is a subset of the FTSE Global Equity Index Series, which covers 98% of the world’s investable market capitalization.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer Trendpilot® European Index ETF - NAV

23.90%

1.57%

2.81%

1.21%

Pacer Trendpilot® European Index ETF - Market

24.58%

1.59%

2.66%

1.22%

Pacer Trendpilot® European Index(3)

26.39%

3.18%

4.37%

2.72%

FTSE Eurozone Index (USD)(3)

44.44%

13.44%

11.56%

10.19%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, as supplemented October 15, 2020, is 0.65%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is December 14, 2015.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

14

 

 

Pacer Trendpilot International ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on May 2, 2019, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Pacer Trendpilot International Index uses an objective, rules-based methodology to implement a systematic trend-following strategy that directs exposure (i) 100% to the S&P Developed Ex-U.S. LargeCap Index, (ii) 50% to the S&P Developed Ex-U.S. LargeCap Index and 50% to 3-Month US Treasury bills, or (iii) 100% to 3-Month US Treasury bills, depending on the relative performance of the S&P Developed Ex-U.S. LargeCap Index and its 200-business day historical simple moving average (the “200-day moving average”). The calculation of the 200-day moving average for the S&P Developed Ex-U.S. LargeCap Index is based on the total return version of the S&P Developed Ex-U.S. LargeCap Local Currency Index and reflects the reinvestment of dividends paid by the securities in the S&P Developed Ex-U.S. LargeCap Index. The Index is expected to be predominantly invested in the components of the S&P Developed Ex-U.S. LargeCap Index over most short- and long-term periods and is only expected to invest in 3-Month US Treasury bills from time to time in response to adverse market conditions as defined by the “50/50 Indicator” and “T-Bill Indicator” below.

 

The S&P Developed Ex-US LargeCap Index is a rules-based, float-adjusted, market capitalization-weighted index comprised of large-capitalization stocks providing coverage of the developed markets excluding the United States.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Since Inception(2)

Pacer Trendpilot International ETF - NAV

35.20%

7.72%

Pacer Trendpilot International ETF - Market

35.22%

7.83%

Pacer Trendpilot International Index

36.02%

8.76%

S&P Developed Ex-US Large Cap Index (USD)(3)

39.75%

12.87%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, as supplemented October 29, 2020, is 0.65%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is May 2, 2019.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

15

 

 

Pacer Trendpilot US Bond ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on October 22, 2019, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Pacer Trendpilot US Bond Index uses an objective, rules-based methodology to implement a systematic trend-following strategy that directs exposure to one of the following positions: (i) 100% to the S&P U.S. High Yield Corporate Bond Index, (ii) 50% to the S&P U.S. High Yield Corporate Bond Index and 50% to the S&P U.S. Treasury Bond 7-10 Year Index or (iii) 100% to S&P U.S. Treasury Bond 7-10 Year Index.

 

The S&P U.S. High Yield Corporate Bond Index is designed to track the performance of U.S. dollar-denominated, high-yield corporate bonds issued in the U.S. The S&P U.S. Treasury Bond 7-10 Year Index is designed to measure the performance of U.S. Treasury bonds maturing in 7 to 10 years. The Index uses a “Risk Ratio” to signal a change in the position of the Index. The Risk Ratio is calculated by dividing the value of the S&P U.S. High Yield Corporate Bond Index by the value of the S&P U.S. Treasury Bond 7-10 Year Index.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Since Inception(2)

Pacer Trendpilot US Bond ETF - NAV

6.10%

6.49%

Pacer Trendpilot US Bond ETF - Market

5.62%

6.49%

Pacer Trendpilot US Bond Index(3)

9.07%

8.51%

S&P U.S. High Yield Corporate Bond IndexTM(3)

10.16%

6.61%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, is 0.60%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is October 22, 2019.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

16

 

 

Pacer Trendpilot Fund of Funds ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on May 3, 2019, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Pacer Trendpilot Fund of Funds Index uses an objective, rules-based approach to construct a portfolio that, as of each quarterly rebalance, is composed of the ETFs listed in the following table, each advised by the Adviser (collectively, the “Trendpilot ETFs”). Each of the Trendpilot ETFs is an index-based ETF that seeks to track the total return performance, before fees and expenses, of the underlying index listed in the following table (collectively, the “Trendpilot Indexes”). Each Trendpilot Index other than the Pacer Trendpilot US Bond Index (collectively, the “Trendpilot Equity Indexes”) uses an objective, rules-based methodology to implement a systematic trend-following strategy that directs exposure (i) 100% to the “Underlying Component” specified in the table below, (ii) 50% to the applicable Underlying Component and 50% to 3-Month US Treasury bills, or (iii) 100% to 3-Month US Treasury bills, depending on the relative performance of the Underlying Component and its 200 business day historical simple moving average (the “200-day moving average”). The calculation of the 200-day moving average for each Underlying Component is based on the total return version of such Underlying Component and reflects the reinvestment of dividends paid by the securities in such Underlying Component. The Pacer Trendpilot US Bond Index (the “Trendpilot Bond Index”) uses an objective, rules-based methodology to implement a systematic trend-following strategy that directs exposure to one of the following positions: (i) 100% to the S&P U.S. High Yield Corporate Bond Index, (ii) 50% to the S&P U.S. High Yield Corporate Bond Index and 50% to the S&P U.S. Treasury Bond 7-10 Year Index or (iii) 100% to S&P U.S. Treasury Bond 7-10 Year Index, depending on the value of the S&P U.S. High Yield Corporate Bond Index divided by the value of the S&P U.S. Treasury Bond 7-10 Year Index (the “Risk Ratio”).

 

Weight

Trendpilot ETF

Trendpilot Index

Equity Component

20%

Pacer Trendpilot® US Large Cap ETF

Pacer Trendpilot® US Large Cap Index

S&P 500® Index

20%

Pacer Trendpilot® US Mid Cap ETF

Pacer Trendpilot® US Mid Cap Index

S&P MidCap 400® Index

20%

Pacer Trendpilot® 100 ETF

Pacer NASDAQ-100 Trendpilot® Index

NASDAQ-100® Index

20%

Pacer Trendpilot® International ETF

Pacer Trendpilot® International Index

S&P Developed Ex-US Large Cap Index

20%

Pacer Trendpilot® US Bond ETF

Pacer Trendpilot® US Bond Index

S&P U.S. High Yield Corporate Bond Index

 

The S&P 1200 Index captures approximately 70% of global market capitalization.

 

 

17

 

 

Pacer Trendpilot Fund of Funds ETF

PERFORMANCE SUMMARY (Continued)
(Unaudited)

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Since Inception(2)

Pacer Trendpilot Fund of Funds ETF - NAV

26.07%

9.28%

Pacer Trendpilot Fund of Funds ETF - Market

26.41%

9.26%

Pacer Trendpilot Fund of Funds Index(3)

27.56%

10.51%

S&P 1200 Index(3)

39.32%

17.96%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, as supplemented October 15, 2020, is 0.15%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is May 3, 2019.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

18

 

 

Pacer Global Cash Cows Dividend ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on February 22, 2016, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Pacer Global Cash Cows Dividend Index uses an objective, rules-based methodology to provide exposure to global companies with high dividend yield backed by a high free cash flow yield. The initial index universe is derived from the component companies of the FTSE All-World Developed Large Cap Index. The initial universe of companies is screened based on their average projected free cash flows and earnings over each of the next two fiscal years. Companies with negative average projected free cash flows or earnings are removed from the Index universe. Additionally, financial companies, other than real estate investment trusts, are excluded from the Index universe. The remaining companies are ranked by their free cash flow yield for the trailing twelve month period. The 300 companies with the highest free cash flow yield are then ranked by their dividend yield. The equity securities of the 100 companies with the highest dividend yield are included in the Index.

 

The FTSE All-World Developed Large-Cap Index is a market-capitalization weighted index representing the performance of large-cap stocks in developed markets.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer Global Cash Cows Dividend ETF - NAV

32.52%

5.62%

6.66%

7.26%

Pacer Global Cash Cows Dividend ETF - Market

32.95%

5.53%

6.57%

7.24%

Pacer Global Cash Cows Dividend Index(3)

34.21%

6.51%

7.60%

8.20%

FTSE All-World Developed Large-Cap Index(3)

32.64%

18.97%

16.31%

16.25%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, is 0.60%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is February 22, 2016.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

 

19

 

 

Pacer US Cash Cows 100 ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on December 16, 2016, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Pacer US Cash Cows 100 Index uses an objective, rules-based methodology to provide exposure to large and mid-capitalization U.S. companies with high free cash flow yields. Companies with high free cash flow yields are commonly referred to as “cash cows.” The initial index universe is derived from the component companies of the Russell 1000® Index. The initial universe of companies is screened based on their average projected free cash flows and earnings over each of the next two fiscal years. Companies with no forward year estimates available for free cash flows or earnings will remain in the Index universe. Companies with negative average projected free cash flows or earnings are removed from the Index universe. Additionally, financial companies, other than real estate investment trusts, are excluded from the Index universe. The remaining companies are ranked by their free cash flow yield for the trailing twelve month period. The equity securities of the 100 companies with the highest free cash flow yield are included in the Index.

 

The Russell 1000 Index is a market-capitalization weighted index representing the top 1,000 large-cap stocks in the Russell 3000 Index.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Three Year

Since Inception(2)

Pacer US Cash Cows 100 ETF - NAV

66.29%

19.67%

15.22%

Pacer US Cash Cows 100 ETF - Market

66.30%

19.52%

15.17%

Pacer US Cash Cows 100 Index(3)

67.23%

20.13%

15.67%

Russell 1000® Index(3)

43.51%

22.01%

18.12%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, is 0.49%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is December 16, 2016.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

20

 

 

Pacer US Small Cap Cash Cows 100 ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on June 16, 2017, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Pacer US Small Cap Cash Cows Index uses an objective, rules-based methodology to provide exposure to small-capitalization U.S. companies with high free cash flow yields. Companies with high free cash flow yields are commonly referred to as “cash cows.” The initial Index universe is derived from the component companies of the S&P Small Cap 600® Index. The initial universe of companies is screened based on their average projected free cash flows and earnings over each of the next two fiscal years. Companies with no forward year estimates available for free cash flows or earnings will remain in the Index universe. Companies with negative average projected free cash flows or earnings are removed from the Index universe. Additionally, financial companies, other than real estate investment trusts, are excluded from the Index universe. The remaining companies are ranked by their free cash flow yield for the trailing twelve month period. The equity securities of the 100 companies with the highest free cash flow yield are included in the Index.

 

The S&P SmallCap 600® Index measures the performance of 600 small sized companies in the US equity market, with market capitalization ranging from $450 million to $2.1 billion USD. The Index does not overlap holdings with the S&P 500 or S&P MidCap 400.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Three Year

Since Inception(2)

Pacer US Small Cap Cash Cows 100 ETF - NAV

71.21%

19.26%

14.57%

Pacer US Small Cap Cash Cows 100 ETF - Market

71.60%

19.01%

14.53%

Pacer US Small Cap Cash Cows Index(3)

72.14%

19.60%

14.83%

S&P SmallCap 600® Index(3)

58.94%

14.83%

13.17%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, is 0.59%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is June 16, 2017.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

21

 

 

Pacer Developed Markets International Cash Cows 100 ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on June 16, 2017, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Pacer Developed Markets International Cash Cows 100 Index uses an objective, rules-based methodology to provide exposure to large and mid-capitalization non-U.S. companies in developed markets with high free cash flow yields. The initial index universe is derived from the component companies of the FTSE Developed ex US Index. The initial universe of companies is screened based on their average projected free cash flows and earnings over each of the next two fiscal years. Companies with no forward year estimates available for free cash flows or earnings will remain in the Index universe. Companies with negative average projected free cash flows or earnings are removed from the Index universe. Additionally, financial companies, other than real estate investment trusts, and companies with a market capitalization of less than $3 billion are excluded from the Index universe. The remaining companies are ranked by their average daily trading value (“ADTV”) for the prior three months. The 500 companies with the highest ADTV are then ranked by their free cash flow yield for the trailing twelve month period. The equity securities of the 100 companies with the highest free cash flow yield are included in the Index.

 

The FTSE Developed ex-US Index is comprised of Large (85%) and Mid (15%) cap stocks providing coverage of Developed markets (24 countries) excluding the US. The index is derived from the FTSE Global Equity Index Series, which covers 98% of the world’s investable market capitalization.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Three Year

Since Inception(2)

Pacer Developed Markets International Cash Cows 100 ETF - NAV

39.40%

9.84%

7.50%

Pacer Developed Markets International Cash Cows 100 ETF - Market

41.33%

10.23%

7.71%

Pacer Developed Markets International Cash Cows 100 Index(3)

41.66%

10.97%

8.53%

FTSE Developed ex-US Index(3)

34.98%

14.03%

8.04%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, is 0.65%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is June 16, 2017.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

22

 

 

Pacer US Cash Cows Growth ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on May 2, 2019, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Pacer US Cash Cows Growth Index uses an objective, rules-based methodology to provide exposure to mid- and large-capitalization U.S. companies with high free cash flow yields. Companies with high free cash flow yields are commonly referred to as “cash cows”.

 

The S&P 900 Pure Growth Index cis made up of approximately 150 companies that exhibit strong growth characteristics from the S&P 500 and S&P MidCap 400.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Since Inception(2)

Pacer US Cash Cows Growth ETF - NAV

50.01%

22.98%

Pacer US Cash Cows Growth ETF - Market

50.65%

23.00%

Pacer US Cash Cows Growth Index(3)

50.52%

23.21%

S&P 900 Pure Growth Index(3)

47.08%

24.73%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, is 0.60%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is May 2, 2019.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

23

 

 

Pacer Emerging Markets Cash Cows 100 ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on May 2, 2019, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Pacer Emerging Markets Cash Cows 100 Index uses an objective, rules-based methodology to provide exposure to large and mid-capitalization companies in emerging markets with high free cash flow yields.

 

The FTSE Emerging Markets Index is comprised of all the countries that make up the advanced emerging markets and secondary emerging markets within the FTSE Global Equity Index Series.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Since Inception(2)

Pacer Emerging Markets Cash Cows 100 ETF - NAV

26.81%

4.40%

Pacer Emerging Markets Cash Cows 100 ETF - Market

26.63%

4.70%

Pacer Emerging Markets Cash Cows 100 Index(3)

29.73%

6.40%

FTSE Emerging Markets Index(3)

17.05%

9.29%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, is 0.70%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is May 2, 2019.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

24

 

 

Pacer Cash Cows Fund of Funds ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on May 3, 2019, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Pacer Cash Cows Fund of Funds Index uses an objective, rules-based approach to construct a portfolio that, as of each quarterly rebalance, is composed of the ETFs listed in the following table, each advised by the Adviser (collectively, the “Cash Cows ETFs”). Each of the Cash Cows ETFs is an index-based ETF that seeks to track the total return performance, before fees and expenses, of the applicable underlying index listed in the following table (collectively, the “Cash Cows Indexes”). Each Cash Cows Index uses an objective, rules-based methodology to provide exposure to companies with high free cash flow yields (commonly referred to as “cash cows”) selected from the applicable “Equity Universe” as indicated in the following table.

 

Weight

Cash Cows ETF

Cash Cows Index

Equity Universe

20%

Pacer US Cash Cows 100 ETF

Pacer US Cash Cows 100 ETF

Russell 1000 Index

20%

Pacer Global Cash Cows Dividend ETF

Pacer Global Cash Cows Dividend Index

FTSE Developed Large Cap Index

20%

Pacer US Small Cap Cash Cows 100 ETF

Pacer US Small Cap Cash Cows 100 Index

S&P Small Cap 600® Index

20%

Pacer US Cash Cows Growth ETF

Pacer US Cash Cows Growth Index

S&P 900® Pure Growth Index

20%

Pacer Developed Markets International Cash Cows 100 ETF

Pacer Developed Markets International Cash Cows 100 Index

FTSE Developed ex US Index

 

The FTSE All World Developed Index is a market-capitalization weighted index representing the performance of large and mid cap companies in Developed and Emerging Markets, excluding the USA. The index is derived from the FTSE Global Equity Index Series (GEIS), which covers 98% of the world’s investable market capitalization.

 

 

25

 

 

Pacer Cash Cows Fund of Funds ETF

PERFORMANCE SUMMARY (Continued)
(Unaudited)

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Since Inception(2)

Pacer Cash Cows Fund of Funds ETF - NAV

52.28%

15.65%

Pacer Cash Cows Fund of Funds ETF - Market

52.28%

15.52%

Pacer Cash Cows Fund of Funds Index(3)

52.46%

16.16%

FTSE All World Developed Index(3)

39.90%

17.93%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, is 0.15%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is May 3, 2019.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

26

 

 

Pacer WealthShield ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on December 11, 2017, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Pacer WealthShield Index uses an objective, rules-based methodology to implement a trend-following strategy that directs some or all of the Index’s exposure to (i) U.S. equity securities or (ii) U.S. Treasury securities depending on the strength of the high-yield corporate (“junk”) bond market relative to U.S. Treasury bonds and the momentum of certain U.S. equity sectors or industries and of long-term U.S. Treasury bonds.

 

The S&P 500 Index consists of approximately 500 leading U.S.-listed companies representing approximately 8% of the U.S. equity market capitalization.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Three Year

Since Inception(2)

Pacer WealthShield ETF - NAV

37.87%

13.61%

9.57%

Pacer WealthShield ETF - Market

38.44%

13.72%

9.58%

Pacer WealthShield Index(3)

38.18%

13.70%

9.89%

S&P 500® Index(3)

42.91%

21.48%

17.27%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, is 0.60%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is December 11, 2017.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

27

 

 

Pacer Benchmark Industrial Real Estate SCTRSM ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on May 14, 2018, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Kelly Industrial Real Estate Index (formerly known as the Benchmark Industrial Real Estate SCTRSM Index) is generally composed of the U.S.-listed equity securities of companies that derive at least 85% of their earnings or revenues from real estate operations in the industrial real estate sector (“Industrial Companies”), including companies that derivate at least 85% of their earnings or revenues from self-storage real estate operations (“Self-Storage Companies”). At the time of each reconstitution of the Index, Industrial Companies with a market capitalization of more than $200 million and average daily traded volume of at least 10,000 shares are included in the Index (the “Index Constituents”). A significant portion of the Index is expected to be composed of real estate investment trusts (“REITs”).

 

The FTSE Nareit All Equity REITs Index is a free-float adjusted, market capitalization-weighted index of U.S. equity REITs. Constituents of the index include all tax-qualified REITs with more than 50% of total assets in qualifying real estate assets other than mortgages secured by real property.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Three Year

Since Inception(2)

Pacer Benchmark Industrial Real Estate SCTRSM ETF - NAV

50.50%

28.52%

24.63%

Pacer Benchmark Industrial Real Estate SCTRSM ETF - Market

50.74%

28.40%

24.61%

Kelly Industrial Real Estate Index(3)

51.56%

29.59%

25.59%

FTSE NAREIT All Equity REITS Total Return Index

45.66%

15.30%

14.44%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, is 0.60%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is May 14, 2018.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

28

 

 

Pacer Benchmark Data & Infrastructure Real Estate SCTRSM ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on May 15, 2018, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Kelly Data Center & Tech Infrastructure Index (formerly known as the Benchmark Data & Infrastructure Real Estate SCTRSM Index)is generally composed of the U.S.-listed equity securities of companies that derive at least 85% of their earnings or revenues from real estate operations in the data and infrastructure real estate sectors (“Eligible Companies”). At the time of each reconstitution of the Index, Eligible Companies with a market capitalization of more than $200 million and average daily traded volume of at least 10,000 shares are included in the Index (the “Index Constituents”). A significant portion of the Index is expected to be composed of real estate investment trusts (“REITs”).

 

The FTSE Nareit All Equity REITs Index is a free-float adjusted, market capitalization-weighted index of U.S. equity REITs. Constituents of the index include all tax-qualified REITs with more than 50% of total assets in qualifying real estate assets other than mortgages secured by real property.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Three Year

Since Inception(2)

Pacer Benchmark Data & Infrastructure Real Estate SCTRSM ETF - NAV

20.92%

20.80%

17.66%

Pacer Benchmark Data & Infrastructure Real Estate SCTRSM ETF - Market

20.98%

20.75%

17.67%

Kelly Data Center & Tech Infrastructure Index(3)

21.65%

21.71%

18.58%

FTSE NAREIT All Equity REITS Total Return Index(3)

45.66%

15.30%

14.99%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, as supplemented September 16, 2020, is 0.60%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is May 15, 2018.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

29

 

 

Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on July 23, 2018, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index uses an objective, rules-based methodology to track the performance of a semi-annual rotation of certain sectors within the S&P 500 Equal Weight Index (“EWI”). The S&P 500 EWI is an equal-weighted version of the S&P 500®, which measures the performance of the large-cap segment of the U.S. equity market.

 

The S&P 500 Index consists of approximately 500 leading U.S.-listed companies representing approximately 8% of the U.S. equity market capitalization.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Three Year

Since Inception(2)

Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF - NAV

44.58%

16.72%

15.35%

Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF - Market

44.99%

16.63%

15.30%

Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index(3)

45.58%

17.93%

16.44%

S&P 500® Index(3)

42.91%

21.48%

18.44%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, is 0.60%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is July 23, 2018.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

30

 

 

Pacer CSOP FTSE China A50 ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on March 10, 2015, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The FTSE China A50 Net Total Return Index® is comprised of the A-Shares issued by the 50 largest companies in the China A-Shares market. The Index is a free float-adjusted market capitalization-weighted index compiled and published by FTSE International Limited, which is not affiliated with the Fund, Pacer Advisors, Inc, CSOP Asset Management Limited (“CSOP” or “CSOP Sub-Adviser”) or the Fund’s distributor. The Index is a real-time, tradable index comprising of the largest 50 China A-Share companies by full market capitalization of the FTSE China A All Cap Free Index.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer CSOP FTSE China A50 ETF - NAV

7.59%

17.97%

13.17%

8.47%

Pacer CSOP FTSE China A50 ETF - Market

6.84%

17.07%

12.95%

8.36%

FTSE China A50 Net Total Return Index®(3)

7.91%

18.76%

13.92%

8.87%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, is 0.70%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is March 10, 2015. The Fund is the successor to the investment performance of the CSOP FTSE China A50 ETF (the “Predecessor CSOP”) as a result of the reorganization of the Predecessor CSOP Fund into the Fund on January 23, 2020. Accordingly, the performance information shown in the chart and table above for periods prior to January 23, 2020 is that of the Predecessor CSOP Fund’s Shares for the Fund. The Predecessor CSOP Fund was managed by the same portfolio managers as the Fund and had substantially the same investment objectives, policies, and strategies as the Fund.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

31

 

 

Pacer BioThreat Strategy ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on June 24, 2020, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The LifeSci BioThreat Strategy Index is generally composed of U.S.-listed stocks of companies whose products or services help protect against, endure, or recover from biological threats to human health. Companies helping to protect against such threats include those that conduct research to identify or anticipate such threats and those developing or producing the tools necessary to detect them. Companies helping to endure biological threats include those offering goods or services to help individuals, organizations, businesses, and governments adapt to requirements for social distancing or remote 2 connectivity. The Index Provider only includes those companies with a minimum market capitalization of $1 billion and a minimum average daily value traded for the last six moths of at least $2 million.

 

Cumulative Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Since Inception(2)

Pacer BioThreat Strategy ETF - NAV

30.20%

29.79%

Pacer BioThreat Strategy ETF - Market

30.63%

29.83%

LifeSci BioThreat Strategy Index(3)

31.20%

30.77%

S&P 500® Index(3)

42.91%

37.62%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated June 23, 2020, is 0.70%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is June 24, 2020.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

32

 

 

Pacer Lunt Large Cap Alternator ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on June 24, 2020, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Lunt Capital U.S. Large Cap Equity Rotation Index uses an objective, rules-based methodology to provide exposure to large-capitalization U.S. companies. The Index uses Lunt Capital’s proprietary relative strength methodology to rotate between the holdings of one of two sub-indices, the S&P 500 Low Volatility Index and the S&P 500 High Beta Index (each, a “Sub-Index,” and together, the “Sub-Indices”), that seek to identify the 100 components of the S&P 500 Index that most strongly exhibit a particular trait (e.g., low volatility or high beta). Each Sub-Index is composed of the 100 securities comprising the S&P 500 Index that most strongly exhibit the characteristic screened for by the Sub-Index.

 

Cumulative Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Since Inception(2)

Pacer Lunt Large Cap Alternator ETF - NAV

81.37%

59.08%

Pacer Lunt Large Cap Alternator ETF - Market

81.81%

59.14%

Lunt Capital U.S. Large Cap Equity Rotation Index(3)

83.58%

60.78%

S&P 500® Index(3)

42.91%

37.62%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated June 23, 2020, is 0.60%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is June 24, 2020.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

33

 

 

Pacer Lunt Midcap Multi-Factor Alternator ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on June 24, 2020, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Lunt Capital U.S. MidCap Multi-Factor Rotation Index uses an objective, rules-based methodology to provide exposure to mid-capitalization U.S. companies. The Index uses Lunt Capital’s proprietary relative strength methodology to rotate between the holdings of the highest and lowest quintile components of four factor-based indices of the S&P MidCap 400 Index (each, a “Sub-Index,” and together, the “Sub-Indices”), that seek to identify the components of the S&P MidCap 400 Index that most strongly exhibit a particular factor. The four factor groups are Momentum, Quality, Value, and Volatility.

 

Cumulative Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Since Inception(2)

Pacer Lunt Midcap Multi-Factor Alternator ETF - NAV

33.91%

36.77%

Pacer Lunt Midcap Multi-Factor Alternator ETF - Market

34.57%

36.97%

Lunt Capital U.S. MidCap Multi-Factor Rotation Index(3)

36.17%

38.41%

S&P MidCap 400® Index(3)

48.90%

44.29%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated June 23, 2020, is 0.60%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is June 24, 2020.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

34

 

 

Pacer Lunt Large Cap Multi-Factor Alternator ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on June 24, 2020, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Lunt Capital U.S. Large Cap Multi-Factor Rotation Index uses an objective, rules-based methodology to provide exposure to large-capitalization U.S. companies. The Index uses Lunt Capital’s proprietary relative strength methodology to rotate between the holdings of the highest and lowest quintile components of four factor-based indices of the S&P 500 Index (each, a “Sub-Index,” and together, the “Sub-Indices”), that seek to identify the components of the S&P 500 Index that most strongly exhibit a particular factor. The four factor groups are Momentum, Quality, Value, and Volatility.

 

Cumulative Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Since Inception(2)

Pacer Lunt Large Cap Multi-Factor Alternator ETF - NAV

56.99%

49.86%

Pacer Lunt Large Cap Multi-Factor Alternator ETF - Market

57.82%

49.93%

Lunt Capital U.S. Large Cap Multi-Factor Rotation Index(3)

58.40%

51.20%

S&P 500® Index(3)

42.91%

37.62%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated June 23, 2020, is 0.60%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is June 24, 2020.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

35

 

 

Pacer US Export Leaders ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on July 23, 2018, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Pacer US Export Leaders Index uses an objective, rules-based methodology to measure the performance of an equal weight portfolio of approximately 100 large- and mid-capitalization U.S. companies with a high percentage of foreign sales and high free cash flow growth. Free cash flow is a company’s cash flow from operations minus its capital expenditures. Construction of the Index begins with an initial universe of the 200 companies across the S&P 900® Index (which is comprised of the S&P 500® Index (“S&P 500”) and S&P MidCap 400® Index (“S&P MidCap 400”)) that have the highest annual foreign sales as a percentage of total sales. The 200 companies are then narrowed to the 100 companies with the highest change in free cash flow growth over the past five years, and those 100 companies are equally weighted to create the Index. The Index is reconstituted and rebalanced to equal-weight quarterly.

 

The S&P 900® combines the S&P 500® and the S&P MidCap 400® to form an investable benchmark for the mid- to large-cap segment of the U.S. equity market.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Three Year

Since Inception(2)

Pacer US Export Leaders ETF - NAV

47.89%

25.18%

19.63%

Pacer US Export Leaders ETF - Market

48.81%

25.12%

19.63%

Pacer US Export Leaders Index(3)

48.81%

25.94%

20.40%

S&P 900 IndexTM(3)

43.29%

21.20%

18.05%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated August 31, 2020, is 0.60%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is July 23, 2018.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

36

 

 

Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on July 12, 2021, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Metaurus US Large Cap Dividend Multiplier Index - Series 300 has two components: (i) an S&P 500 Index component (the “S&P 500 Component”) and (ii) a dividend component (the “Dividend Component”) consisting of long positions in annual futures contracts that provide exposure to ordinary dividends paid on the common stocks of companies included in the S&P 500. The Dividend Component is designed to give the Fund exposure to approximately 300% of the ordinary dividends the Fund would otherwise have expected to receive from its investment in the S&P 500 Component. The Dividend Component consists of annual futures contracts whose value represents the market’s expectation of the amount of ordinary dividends to be paid by S&P 500 companies during the term of the futures contract.

 

The S&P 500 Total Return Index consists of approximately 500 leading U.S.-listed companies representing approximately 80% of the U.S. equity market capitalization.

 

Cumulative Returns(1)
(For the period ended October 31, 2021)

 

 

Since Inception(2)

Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF - NAV

4.96%

Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF - Market

5.08%

Metaurus US Large Cap Dividend Multiplier Return Index – Series 300 (3)

5.17%

S&P 500® Index (3)

5.44%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated July 12, 2021, is 0.79%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is July 12, 2021.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

37

 

 

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on July 12, 2021, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The Metaurus US Large Cap Dividend Multiplier Index - Series 400 has two components: (i) an S&P 500 Index component (the “S&P 500 Component”) and (ii) a dividend component (the “Dividend Component”) consisting of long positions in annual futures contracts that provide exposure to ordinary dividends paid on the common stocks of companies included in the S&P 500. The Dividend Component is designed to give the Fund exposure to approximately 400% of the ordinary dividends the Fund would otherwise have expected to receive from its investment in the S&P 500 Component. The Dividend Component consists of annual futures contracts whose value represents the market’s expectation of the amount of ordinary dividends to be paid by S&P 500 companies during the term of the futures contract.

 

The S&P 500 Total Return Index consists of approximately 500 leading U.S.-listed companies representing approximately 80% of the U.S. equity market capitalization.

 

Cumulative Returns(1)
(For the period ended October 31, 2021)

 

 

Since Inception(2)

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF - NAV

4.84%

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF - Market

5.14%

Metaurus US Large Cap Dividend Multiplier Return Index – Series 400 (3)

5.05%

S&P 500® Index (3)

5.44%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated July 12, 2021, is 0.79%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is July 12, 2021.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

38

 

 

Pacer Pacific Asset Floating Rate High Income ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on February 18, 2015, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

 

The S&P/LSTA U.S. Leveraged Loan 100 Index is an index designed to reflect the performance of the largest facilities in the leveraged loan market.

 

The S&P 500 Total Return Index consists of approximately 500 leading U.S.-listed companies representing approximately 80% of the U.S. equity market capitalization.

 

Annualized Returns(1)
(For the period ended October 31, 2021)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer Pacific Asset Floating Rate High Income ETF - NAV

6.02%

3.75%

3.37%

3.29%

Pacer Pacific Asset Floating Rate High Income ETF - Market

5.88%

3.68%

3.25%

3.30%

S&P/LSTA U.S. Leveraged Loan 100 Index (3)

7.08%

3.99%

4.11%

3.78%

S&P 500® Index (3)

42.91%

21.48%

18.93%

14.64%

 

(1)

The performance data quoted is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than the original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on redemptions of Fund shares. The total annual operating expenses as stated in the fee table to the Fund’s prospectus dated October 25, 2021, is 0.60%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is February 18, 2015.

(3)

Indexes are unmanaged statistical composites and their returns do not include fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

 

39

 

 

Pacer Funds

EXPENSE EXAMPLE
For the Period Ended October 31, 2021 (Unaudited)

 

As a shareholder of a Fund, you pay ongoing expenses, such as advisory fees, and other fund expenses. The following examples are intended to help you understand the ongoing cost (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds. Please note, the expenses shown in the tables are meant to highlight ongoing costs only and do not reflect any transactional costs. You may pay brokerage commissions on your purchase and sale of Fund shares, which are not reflected in the following examples. Each example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period as indicated below.

 

Actual Expenses

 

The columns under the heading entitled “Actual” help you estimate the actual expenses you paid over the period. The “Actual Ending Account Value” shown is derived from a Fund’s actual return and the “Actual Expenses Paid During Period” show the dollar amount that would have been paid by an investor who started with $1,000 in a Fund. To estimate the expenses you paid on your account during this period, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000=8.6), then multiply the result by the number in the column under the heading untitled “Actual Expenses Paid During Period”.

 

Hypothetical Example for Comparison Purposes

 

The columns under the heading entitled “Hypothetical” provide information about hypothetical account value and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in a Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.

 

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs which may be applicable to your account. Therefore, the last column of the table (Hypothetical Expenses Paid During Period) is useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 

 

Fund’s Annual
Expense Ratio

Beginning Account
Value 05/01/21

Ending Account
Value 10/31/21

Expenses Paid
During Period
(a)

Pacer Trendpilot® US Large Cap ETF

       

Actual

0.60%

$1,000.00

$ 1,105.10

$ 3.18

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.18

$ 3.06

Pacer Trendpilot® US Mid Cap ETF

       

Actual

0.60%

$1,000.00

$ 1,016.10

$ 3.05

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.18

$ 3.06

Pacer TrendpilotTM 100 ETF

       

Actual

0.65%

$1,000.00

$ 1,075.90

$ 3.40

Hypothetical(b)

0.65%

$1,000.00

$ 1,021.93

$ 3.31

Pacer Trendpilot® European Index ETF

       

Actual

0.65%

$1,000.00

$ 1,040.60

$ 3.34

Hypothetical(b)

0.65%

$1,000.00

$ 1,021.93

$ 3.31

Pacer Trendpilot International ETF

       

Actual

0.65%

$1,000.00

$ 1,044.60

$ 3.35

Hypothetical(b)

0.65%

$1,000.00

$ 1,021.93

$ 3.31

Pacer Trendpilot US Bond ETF

       

Actual

0.60%

$1,000.00

$ 994.70

$ 3.02

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.18

$ 3.06

Pacer Trendpilot Fund of Funds ETF

       

Actual

0.15%

$1,000.00

$ 1,046.50

$ 0.77

Hypothetical(b)

0.15%

$1,000.00

$ 1,024.45

$ 0.77

Pacer Global Cash Cows Dividend ETF

       

Actual

0.60%

$1,000.00

$ 993.50

$ 3.01

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.18

$ 3.06

 

40

 

 

Pacer Funds

EXPENSE EXAMPLE
For the Period Ended October 31, 2021 (Unaudited) (Continued)

 

 

Fund’s Annual
Expense Ratio

Beginning Account
Value 05/01/21

Ending Account
Value 10/31/21

Expenses Paid
During Period
(a)

Pacer U.S. Cash Cows 100 ETF

       

Actual

0.49%

$1,000.00

$ 1,080.50

$ 2.57

Hypothetical(b)

0.49%

$1,000.00

$ 1,022.74

$ 2.50

Pacer U.S. Small Cap Cash Cows 100 ETF

       

Actual

0.59%

$1,000.00

$ 1,029.40

$ 3.02

Hypothetical(b)

0.59%

$1,000.00

$ 1,022.23

$ 3.01

Pacer Developed Markets International Cash Cows 100 ETF

       

Actual

0.65%

$1,000.00

$ 980.40

$ 3.24

Hypothetical(b)

0.65%

$1,000.00

$ 1,021.93

$ 3.31

Pacer US Cash Cows Growth ETF

       

Actual

0.60%

$1,000.00

$ 1,125.90

$ 3.22

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.18

$ 3.06

Pacer Emerging Markets Cash Cows 100 ETF

       

Actual

0.70%

$1,000.00

$ 947.50

$ 3.44

Hypothetical(b)

0.70%

$1,000.00

$ 1,021.68

$ 3.57

Pacer Cash Cows Fund of Funds ETF

       

Actual

0.15%

$1,000.00

$ 1,041.60

$ 0.77

Hypothetical(b)

0.15%

$1,000.00

$ 1,024.45

$ 0.77

Pacer WealthShield ETF

       

Actual

0.60%

$1,000.00

$ 1,072.20

$ 3.13

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.18

$ 3.06

Pacer Benchmark Industrial Real Estate SCTRSM ETF

       

Actual

0.60%

$1,000.00

$ 1,184.10

$ 3.30

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.18

$ 3.06

Pacer Benchmark Data & Infrastructure Real Estate SCTRSM ETF

     

Actual

0.60%

$1,000.00

$ 1,061.30

$ 3.12

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.18

$ 3.06

Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF

       

Actual

0.60%

$1,000.00

$ 1,035.70

$ 3.08

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.18

$ 3.06

Pacer CSOP FTSE China A50 ETF

       

Actual

0.70%

$1,000.00

$ 944.70

$ 3.43

Hypothetical(b)

0.70%

$1,000.00

$ 1,021.68

$ 3.57

Pacer BioThreat Strategy ETF

       

Actual

0.70%

$1,000.00

$ 1,155.00

$ 3.80

Hypothetical(b)

0.70%

$1,000.00

$ 1,021.68

$ 3.57

Pacer Lunt Large Cap Alternator ETF

       

Actual

0.60%

$1,000.00

$ 1,071.10

$ 3.13

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.18

$ 3.06

Pacer Lunt Midcap Multi-Factor Alternator ETF

       

Actual

0.60%

$1,000.00

$ 979.10

$ 2.99

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.18

$ 3.06

Pacer Lunt Large Cap Multi-Factor Alternator ETF

       

Actual

0.60%

$1,000.00

$ 1,112.50

$ 3.19

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.18

$ 3.06

Pacer US Export Leaders ETF

       

Actual

0.60%

$1,000.00

$ 1,095.20

$ 3.17

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.18

$ 3.06

 

41

 

 

Pacer Funds

EXPENSE EXAMPLE
For the Period Ended October 31, 2021 (Unaudited) (Continued)

 

 

Fund’s Annual
Expense Ratio

Beginning Account
Value 05/01/21

Ending Account
Value 10/31/21

Expenses Paid
During Period
(a)

Pacer Pacific Asset Floating Rate High Income ETF

     

Actual

0.68%

$1,000.00

$ 1,016.70

$ 3.46

Hypothetical(b)

0.68%

$1,000.00

$ 1,021.78

$ 3.47

 

 

Fund’s Annual
Expense Ratio

Beginning Account
Value 07/12/21
(c)

Ending Account
Value 10/31/21

Expenses Paid
During Period

Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF

     

Actual

0.79%

$1,000.00

$ 1,049.60

$ 2.46(d)

Hypothetical(b)

0.79%

$1,000.00

$ 1,012.80

$ 2.42(a)

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

       

Actual

0.79%

$1,000.00

$ 1,048.60

$ 2.46(d)

Hypothetical(b)

0.79%

$1,000.00

$ 1,012.80

$ 2.42(a)

 

(a)

The dollar amounts shown as expenses paid during the period are equal to the annualized six-month expense ratio multiplied by the average account value during the period, multiplied by the number of days (184) in the most recent six-month period and divided by the number of days in the most recent twelve-month period (365).

(b)

Assumes 5% return before expenses.

(c)

Inception date of the Fund.

(d)

The dollar amounts shown as expenses paid during the period are equal to the annualized six-month expense ratio multiplied by the average account value during the period, multiplied by the number of days (111) in the most recent six-month period and divided by the number of days in the most recent twelve-month period (365).

 

42

 

 

Pacer Trendpilot® US Large Cap ETF

SCHEDULE OF INVESTMENTS
October 31, 2021 (Unaudited)

 

   

Shares

   

Value

 

COMMON STOCKS — 97.4%

       

Advertising — 0.1%

       

Omnicom Group, Inc.

    11,577     $ 788,162  

The Interpublic Group of Cos., Inc.

    20,479       748,917  
              1,537,079  

Aerospace/Defense — 1.4%

       

General Dynamics Corp.

    11,934       2,419,618  

Howmet Aerospace, Inc.

    20,530       609,536  

L3Harris Technologies, Inc.

    10,554       2,433,119  

Lockheed Martin Corp.

    12,669       4,210,162  

Northrop Grumman Corp.

    7,982       2,851,330  

Raytheon Technologies Corp.

    78,252       6,953,473  

Teledyne Technologies, Inc. (a)

    2,436       1,094,300  

The Boeing Co. (a)

    28,426       5,885,035  

TransDigm Group, Inc. (a)

    2,803       1,748,567  
              28,205,140  

Agriculture — 0.7%

       

Altria Group, Inc.

    95,679       4,220,401  

Archer-Daniels-Midland Co.

    29,471       1,893,217  

Philip Morris International, Inc.

    80,197       7,581,824  
              13,695,442  

Airlines — 0.2%

       

Alaska Air Group, Inc. (a)

    6,570       346,896  

American Airlines Group, Inc. (a)(b)

    32,931       632,275  

Delta Air Lines, Inc. (a)

    32,847       1,285,303  

Southwest Airlines Co. (a)

    30,443       1,439,345  

United Airlines Holdings, Inc. (a)

    16,426       757,896  
              4,461,715  

Apparel — 0.7%

       

Hanesbrands, Inc. (b)

    19,481       331,956  

NIKE, Inc. - Class B

    65,435       10,946,621  

PVH Corp. (a)

    3,958       432,728  

Ralph Lauren Corp. (b)

    2,497       317,544  

Tapestry, Inc.

    14,485       564,625  

Under Armour, Inc. - Class A (a)(b)

    9,993       219,446  

Under Armour, Inc. - Class C (a)

    10,489       198,032  

VF Corp.

    16,505       1,202,885  
              14,213,837  

Auto Manufacturers — 2.8%

       

Cummins, Inc.

    7,593       1,821,105  

Ford Motor Co. (a)

    201,219       3,436,820  

General Motors Co. (a)

    74,292       4,043,714  

PACCAR, Inc.

    17,853       1,599,986  

Tesla Motors, Inc. (a)

    41,340       46,052,760  
              56,954,385  

Auto Parts & Equipment — 0.1%

       

Aptiv PLC (a)

    13,896       2,402,480  

BorgWarner, Inc.

    12,329       555,668  
              2,958,148  

 

   

Shares

   

Value

 

Banks — 5.4%

       

Bank of America Corp.

    378,954     $ 18,106,422  

Citigroup, Inc.

    107,434       7,430,135  

Citizens Financial Group, Inc.

    21,880       1,036,674  

Comerica, Inc.

    7,762       660,469  

Fifth Third Bancorp

    37,463       1,630,764  

First Republic Bank

    8,946       1,935,288  

Huntington Bancshares, Inc.

    76,231       1,199,876  

JPMorgan Chase & Co.

    152,914       25,978,559  

KeyCorp.

    49,874       1,160,568  

M&T Bank Corp. (b)

    6,596       970,404  

Morgan Stanley

    77,285       7,943,352  

Northern Trust Corp.

    10,706       1,317,266  

Regions Financial Corp.

    51,061       1,209,124  

State Street Corp.

    18,121       1,785,825  

SVB Financial Group (a)

    2,624       1,882,458  

The Bank of New York Mellon Corp.

    42,457       2,513,454  

The Goldman Sachs Group, Inc.

    17,695       7,314,228  

The PNC Financial Services Group, Inc. (b)

    21,820       4,604,675  

Truist Financial Corp.

    69,391       4,404,247  

US Bancorp

    70,405       4,250,350  

Wells Fargo & Co.

    212,847       10,889,253  

Zions Bancorp

    9,035       569,115  
              108,792,506  

Beverages — 1.4%

       

Brown-Forman Corp. - Class B

    9,491       644,344  

Constellation Brands, Inc. - Class A

    8,853       1,919,419  

Molson Coors Brewing Co. - Class B (b)

    9,985       440,239  

Monster Beverage Corp. (a)

    19,037       1,618,145  

PepsiCo, Inc.

    71,036       11,479,418  

The Coca-Cola Co.

    199,669       11,255,341  
              27,356,906  

Biotechnology — 1.5%

       

Amgen, Inc.

    29,719       6,150,941  

Biogen, Inc. (a)

    7,832       2,088,638  

Bio-Rad Laboratories, Inc. - Class A (a)

    1,117       887,658  

Corteva, Inc.

    38,333       1,654,069  

Gilead Sciences, Inc.

    64,678       4,196,309  

Illumina, Inc. (a)

    7,493       3,110,045  

Incyte Corp. (a)

    9,475       634,635  

Moderna, Inc. (a)

    17,193       5,935,195  

Regeneron Pharmaceuticals, Inc. (a)

    5,495       3,516,470  

Vertex Pharmaceuticals, Inc. (a)

    13,487       2,494,151  
              30,668,111  

Building Materials — 0.4%

       

Carrier Global Corp.

    42,959       2,243,749  

Fortune Brands Home & Security, Inc.

    7,493       759,790  

 

The accompanying notes are an integral part of the financial statements.

 

43

 

 

Pacer Trendpilot® US Large Cap ETF

SCHEDULE OF INVESTMENTS
October 31, 2021 (Unaudited) (Continued)

 

   

Shares

   

Value

 

COMMON STOCKS — 97.4% (Continued)

Building Materials — 0.4% (Continued)

Johnson Controls International PLC

    34,292     $ 2,516,004  

Martin Marietta Materials, Inc. (b)

    3,222       1,265,731  

Masco Corp.

    13,257       868,996  

Vulcan Materials Co.

    7,003       1,331,410  
              8,985,680  

Chemicals — 1.6%

       

Air Products & Chemicals, Inc.

    11,513       3,451,712  

Albemarle Corp.

    6,006       1,504,323  

Celanese Corp.

    5,870       948,064  

CF Industries Holdings, Inc.

    11,550       656,040  

Dow, Inc.

    38,397       2,149,080  

DuPont de Nemours, Inc.

    27,751       1,931,470  

Eastman Chemical Co.

    7,333       762,852  

Ecolab, Inc.

    12,790       2,842,194  

FMC Corp.

    6,846       623,054  

International Flavors & Fragrances, Inc.

    12,811       1,888,982  

Linde PLC

    26,914       8,590,949  

LyondellBasell Industries NV

    13,487       1,251,863  

Mosaic Co.

    18,540       770,708  

PPG Industries, Inc.

    12,214       1,961,202  

The Sherwin-Williams Co.

    12,487       3,953,509  
              33,286,002  

Commercial Services — 2.3%

       

Automatic Data Processing, Inc.

    22,036       4,946,862  

Cintas Corp.

    4,495       1,946,784  

Equifax, Inc.

    6,493       1,801,353  

FleetCor Technologies, Inc. (a)

    4,316       1,067,822  

Gartner, Inc. (a)

    4,631       1,537,075  

Global Payments, Inc.

    15,216       2,175,736  

IHS Markit Ltd

    19,209       2,511,000  

MarketAxess Holdings, Inc.

    2,011       821,835  

Moody’s Corp.

    8,305       3,356,466  

Nielsen Holdings PLC (b)

    18,792       380,538  

PayPal Holdings, Inc. (a)

    60,323       14,030,527  

Quanta Services, Inc.

    7,593       920,879  

Robert Half International, Inc.

    6,377       721,047  

Rollins, Inc.

    11,386       401,129  

S&P Global, Inc. (b)

    12,422       5,890,015  

United Rentals, Inc. (a)

    3,697       1,401,570  

Verisk Analytics, Inc.

    8,529       1,793,393  
              45,704,031  

Computers — 7.4%

       

Accenture PLC - Class A

    32,631       11,707,676  

Apple, Inc.

    810,074       121,349,085  

Cognizant Technology Solutions Corp.

    27,343       2,135,215  

DXC Technology Co. (a)

    13,619       443,571  

 

   

Shares

   

Value

 

Computers — 7.4% (Continued)

Fortinet, Inc. (a)

    6,972     $ 2,344,962  

Hewlett Packard Enterprise Co.

    68,475       1,003,159  

HP, Inc.

    64,454       1,954,890  

International Business Machines Corp.

    46,010       5,755,851  

Leidos Holdings, Inc.

    7,068       706,659  

NetApp, Inc.

    11,489       1,025,968  

Seagate Technology Holdings PLC

    10,367       923,389  

Western Digital Corp. (a)

    15,633       817,449  
              150,167,874  

Cosmetics/Personal Care — 1.3%

       

Colgate-Palmolive Co.

    43,669       3,327,141  

The Estee Lauder Cos., Inc.

    11,702       3,795,310  

The Procter & Gamble Co.

    126,773       18,127,271  
              25,249,722  

Distribution/Wholesale — 0.3%

       

Copart, Inc. (a)

    10,785       1,674,803  

Fastenal Co.

    29,541       1,686,200  

LKQ Corp. (a)

    14,394       792,821  

Pool Corp.

    2,110       1,086,988  

W.W. Grainger, Inc.

    2,284       1,057,743  
              6,298,555  

Diversified Financial Services — 3.8%

       

American Express Co.

    33,653       5,848,218  

Ameriprise Financial, Inc.

    6,012       1,816,406  

BlackRock, Inc.

    7,331       6,916,505  

Capital One Financial Corp.

    23,620       3,567,329  

Cboe Global Markets, Inc.

    5,863       773,564  

CME Group, Inc.

    18,481       4,075,985  

Discover Financial Services

    15,776       1,787,736  

Franklin Resources, Inc. (b)

    14,680       462,273  

Intercontinental Exchange, Inc.

    28,916       4,003,709  

Invesco Ltd.

    19,562       497,071  

MasterCard, Inc. - Class A

    45,154       15,150,070  

Nasdaq, Inc.

    6,121       1,284,614  

Raymond James Financial, Inc.

    9,900       976,041  

Synchrony Financial

    27,962       1,298,835  

T Rowe Price Group, Inc.

    11,718       2,541,400  

The Charles Schwab Corp.

    77,058       6,321,068  

The Western Union Co. (b)

    22,315       406,579  

Visa, Inc. - Class A (b)

    87,350       18,498,110  
              76,225,513  

Electric — 2.3%

       

Alliant Energy Corp.

    12,602       712,895  

Ameren Corp.

    13,027       1,098,046  

American Electric Power Co., Inc.

    25,538       2,163,324  

CenterPoint Energy, Inc. (b)

    28,429       740,291  

CMS Energy Corp.

    15,027       906,879  

Consolidated Edison, Inc.

    17,483       1,318,218  

 

The accompanying notes are an integral part of the financial statements.

 

44

 

 

Pacer Trendpilot® US Large Cap ETF

SCHEDULE OF INVESTMENTS
October 31, 2021 (Unaudited) (Continued)

 

   

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COMMON STOCKS — 97.4% (Continued)

Electric — 2.3% (Continued)

Dominion Energy, Inc.

    41,459     $ 3,147,982  

DTE Energy Co.

    10,280       1,165,238  

Duke Energy Corp.

    39,547       4,034,190  

Edison International

    19,495       1,226,820  

Entergy Corp.

    10,489       1,080,577  

Evergy, Inc.

    12,097       771,184  

Eversource Energy

    17,636       1,497,296  

Exelon Corp.

    50,289       2,674,872  

FirstEnergy Corp.

    28,471       1,096,988  

NextEra Energy, Inc.

    100,904       8,610,138  

NRG Energy, Inc.

    13,487       537,996  

Pinnacle West Capital Corp.

    6,000       386,940  

PPL Corp.

    40,459       1,165,219  

Public Service Enterprise Group, Inc. (b)

    26,675       1,701,865  

Sempra Energy

    15,550       1,984,647  

Southern Co.

    54,432       3,392,202  

The AES Corp.

    35,213       884,903  

WEC Energy Group, Inc.

    16,560       1,491,394  

Xcel Energy, Inc.

    27,649       1,785,849  
              45,575,953  

Electrical Components & Equipment — 0.3%

       

AMETEK, Inc.

    12,160       1,609,984  

Emerson Electric Co.

    30,887       2,996,348  

Generac Holdings, Inc. (a)

    3,255       1,622,813  
              6,229,145  

Electronics — 1.2%

       

Agilent Technologies, Inc.

    15,666       2,467,238  

Allegion PLC

    4,947       634,700  

Amphenol Corp.

    31,181       2,393,765  

Fortive Corp.

    17,436       1,320,080  

Garmin Ltd.

    7,493       1,075,995  

Honeywell International, Inc.

    35,796       7,825,722  

Keysight Technologies, Inc. (a)

    9,551       1,719,371  

Mettler-Toledo International, Inc. (a)

    1,220       1,806,674  

TE Connectivity Ltd.

    17,040       2,487,840  

Trimble, Inc. (a)

    10,609       926,908  

Waters Corp. (a)

    3,216       1,182,041  
              23,840,334  

Energy-Alternate Sources — 0.1%

       

Enphase Energy, Inc. (a)

    6,635       1,536,865  
         

Engineering & Construction — 0.0% (c)

       

Jacobs Engineering Group, Inc.

    6,676       937,444  
         

Entertainment — 0.1%

       

Caesars Entertainment, Inc. (a)(b)

    10,792       1,181,292  

 

   

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Entertainment — 0.1% (Continued)

Live Nation Entertainment, Inc. (a)(b)

    7,476     $ 756,198  

Penn National Gaming, Inc. (a)(b)

    6,198       443,777  
              2,381,267  

Environmental Control — 0.3%

       

Pentair PLC

    8,907       658,851  

Republic Services, Inc.

    11,246       1,513,711  

Waste Management, Inc.

    20,048       3,212,291  
              5,384,853  

Food — 0.9%

       

Campbell Soup Co. (b)

    10,483       418,796  

Conagra Brands, Inc. (b)

    25,659       826,220  

General Mills, Inc.

    31,971       1,975,808  

Hormel Foods Corp. (b)

    14,597       617,745  

Kellogg Co. (b)

    13,297       815,106  

Lamb Weston Holdings, Inc.

    7,622       430,262  

McCormick & Co., Inc.

    12,985       1,041,786  

Mondelez International, Inc.

    72,686       4,414,948  

Sysco Corp.

    26,300       2,022,470  

The Hershey Co.

    7,513       1,317,404  

The JM Smucker Co. (b)

    5,617       690,105  

The Kraft Heinz Co.

    32,967       1,183,186  

The Kroger Co.

    39,215       1,569,384  

Tyson Foods, Inc. - Class A

    15,485       1,238,335  
              18,561,555  

Forest Products & Paper — 0.1%

       

International Paper Co.

    20,655       1,025,934  

Sylvamo Corp. (a)

    1,877       52,869  
              1,078,803  

Gas — 0.1%

       

Atmos Energy Corp. (b)

    6,493       598,135  

NiSource, Inc. (b)

    19,681       485,530  
              1,083,665  

Hand/Machine Tools — 0.1%

       

Snap-On, Inc. (b)

    2,922       593,838  

Stanley Black & Decker, Inc.

    8,305       1,492,658  
              2,086,496  

Healthcare-Products — 4.0%

       

Abbott Laboratories

    91,228       11,758,377  

ABIOMED, Inc. (a)

    2,353       781,290  

Align Technology, Inc. (a)

    3,738       2,333,895  

Baxter International, Inc.

    26,007       2,053,513  

Bio-Techne Corp.

    1,290       675,508  

Boston Scientific Corp. (a)

    73,325       3,162,507  

Danaher Corp.

    32,610       10,166,820  

DENTSPLY SIRONA, Inc. (b)

    11,696       669,128  

Edwards Lifesciences Corp. (a)

    32,167       3,854,250  

Henry Schein, Inc. (a)

    7,690       587,131  

Hologic, Inc. (a)

    13,286       973,997  

 

The accompanying notes are an integral part of the financial statements.

 

45

 

 

Pacer Trendpilot® US Large Cap ETF

SCHEDULE OF INVESTMENTS
October 31, 2021 (Unaudited) (Continued)

 

   

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COMMON STOCKS — 97.4% (Continued)

Healthcare-Products — 4.0% (Continued)

IDEXX Laboratories, Inc. (a)

    4,427     $ 2,949,002  

Intuitive Surgical, Inc. (a)

    18,195       6,570,760  

Medtronic PLC

    69,431       8,322,000  

PerkinElmer, Inc.

    5,881       1,040,290  

ResMed, Inc.

    7,493       1,969,985  

STERIS PLC

    4,538       1,060,712  

Stryker Corp.

    16,841       4,480,885  

Teleflex, Inc.

    2,497       891,279  

The Cooper Cos., Inc.

    2,497       1,041,049  

Thermo Fisher Scientific, Inc.

    20,296       12,848,789  

West Pharmaceutical Services, Inc.

    3,945       1,695,877  

Zimmer Biomet Holdings, Inc.

    10,888       1,558,290  
              81,445,334  

Healthcare-Services — 2.2%

       

Anthem, Inc.

    12,582       5,474,806  

Catalent, Inc. (a)

    8,696       1,198,831  

Centene Corp. (a)

    29,941       2,132,997  

Charles River Laboratories International, Inc. (a)

    2,549       1,143,685  

DaVita, Inc. (a)

    3,697       381,678  

HCA Healthcare, Inc.

    13,626       3,412,768  

Humana, Inc.

    6,609       3,061,024  

IQVIA Holdings, Inc. (a)

    9,616       2,513,815  

Laboratory Corp. of American Holdings (a)

    5,027       1,442,850  

Quest Diagnostics, Inc.

    7,216       1,059,164  

UnitedHealth Group, Inc.

    48,649       22,401,405  

Universal Health Services, Inc. - Class B

    4,008       497,393  
              44,720,416  

Home Builders — 0.2%

       

DR Horton, Inc.

    17,044       1,521,518  

Lennar Corp. - Class A

    14,143       1,413,310  

NVR, Inc. (a)

    191       934,907  

PulteGroup, Inc.

    13,496       648,887  
              4,518,622  

Home Furnishings — 0.0% (c)

       

Leggett & Platt, Inc. (b)

    6,998       327,856  

Whirlpool Corp. (b)

    3,249       684,987  
              1,012,843  

Household Products/Wares — 0.3%

       

Avery Dennison Corp.

    4,495       978,651  

Church & Dwight Co., Inc. (b)

    12,992       1,134,981  

Kimberly-Clark Corp.

    17,432       2,257,270  

The Clorox Co. (b)

    6,493       1,058,424  
              5,429,326  

 

   

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Housewares — 0.0% (c)

       

Newell Brands, Inc.

    20,278     $ 464,163  
         

Insurance — 3.3%

       

Aflac, Inc.

    32,970       1,769,500  

American International Group, Inc.

    44,492       2,629,032  

Aon PLC

    11,609       3,713,951  

Arthur J Gallagher & Co.

    9,864       1,653,897  

Assurant, Inc.

    2,980       480,704  

Berkshire Hathaway, Inc. - Class B (a)

    94,857       27,224,908  

Brown & Brown, Inc.

    11,961       754,859  

Chubb Ltd.

    23,194       4,531,644  

Cincinnati Financial Corp.

    8,065       979,414  

Everest Re Group Ltd.

    2,063       539,474  

Globe Life, Inc.

    4,885       434,863  

Lincoln National Corp.

    9,311       671,789  

Loews Corp.

    11,665       654,057  

Marsh & McLennan Cos., Inc.

    26,178       4,366,490  

MetLife, Inc.

    38,684       2,429,355  

Principal Financial Group, Inc.

    13,515       906,721  

Prudential Financial, Inc.

    20,473       2,253,054  

The Allstate Corp.

    15,565       1,924,923  

The Hartford Financial Services Group, Inc.

    18,437       1,344,610  

The Progressive Corp.

    30,171       2,862,624  

The Travelers Cos., Inc.

    12,985       2,089,027  

W R Berkley Corp.

    7,230       575,508  

Willis Towers Watson PLC

    6,751       1,635,632  
              66,426,036  

Internet — 11.8%

       

Alphabet, Inc. - Class A (a)

    15,485       45,849,846  

Alphabet, Inc. - Class C (a)

    14,424       42,773,074  

Amazon.com, Inc. (a)

    22,309       75,235,541  

Booking Holdings, Inc. (a)

    2,117       5,124,791  

CDW Corp.

    7,493       1,398,568  

eBay, Inc. (b)

    33,304       2,555,083  

Etsy, Inc. (a)

    6,492       1,627,480  

Expedia Group, Inc. (a)

    7,132       1,172,572  

F5 Networks, Inc. (a)(b)

    3,372       711,998  

Match Group, Inc. (a)(b)

    11,696       1,763,523  

Meta Platforms, Inc. - Class A (a)

    121,990       39,472,304  

Netflix, Inc. (a)

    22,790       15,732,165  

NortonLifeLock, Inc.

    30,576       778,159  

Twitter, Inc. (a)

    40,813       2,185,128  

VeriSign, Inc. (a)

    5,133       1,142,965  
              237,523,197  

Iron/Steel — 0.1%

       

Nucor Corp.

    15,371       1,716,172  
         

 

The accompanying notes are an integral part of the financial statements.

 

46

 

 

Pacer Trendpilot® US Large Cap ETF

SCHEDULE OF INVESTMENTS
October 31, 2021 (Unaudited) (Continued)

 

   

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COMMON STOCKS — 97.4% (Continued)

Leisure Time — 0.1%

       

Carnival Corp. (a)

    35,126     $ 778,392  

Norwegian Cruise Line Holdings Ltd. (a)(b)

    18,680       480,450  

Royal Caribbean Cruises Ltd. (a)

    11,291       953,299  
              2,212,141  

Lodging — 0.3%

       

Hilton Worldwide Holdings, Inc. (a)

    14,315       2,060,644  

Las Vegas Sands Corp. (a)(b)

    16,905       656,083  

Marriott International, Inc. (a)

    13,675       2,188,273  

MGM Resorts International

    21,530       1,015,355  

Wynn Resorts Ltd. (a)(b)

    5,192       466,242  
              6,386,597  

Machinery-Construction & Mining — 0.3%

       

Caterpillar, Inc.

    28,082       5,729,009  
         

Machinery-Diversified — 0.7%

       

Deere & Co.

    14,522       4,971,026  

Dover Corp.

    7,556       1,277,568  

IDEX Corp.

    4,041       899,405  

Ingersoll Rand, Inc. (a)

    18,481       993,539  

Otis Worldwide Corp.

    21,467       1,724,015  

Rockwell Automation, Inc.

    5,979       1,909,693  

Westinghouse Air Brake Technologies Corp.

    9,491       861,118  

Xylem, Inc.

    9,491       1,239,430  
              13,875,794  

Media — 1.8%

       

Charter Communications, Inc. - Class A (a)(b)

    6,493       4,382,061  

Comcast Corp. - Class A

    235,318       12,102,405  

Discovery, Inc. - Class A (a)(b)

    8,491       199,029  

Discovery, Inc. - Class C (a)(b)

    14,909       336,347  

DISH Network Corp. - Class A (a)

    13,487       553,911  

Fox Corp. - Class A (b)

    17,231       684,760  

Fox Corp. - Class B

    8,699       321,515  

News Corp. - Class A

    20,479       468,969  

News Corp. - Class B

    6,493       146,482  

The Walt Disney Co. (a)

    93,550       15,816,499  

ViacomCBS, Inc. - Class B

    29,238       1,059,000  
              36,070,978  

Mining — 0.3%

       

Freeport-McMoRan, Inc.

    75,101       2,832,810