Pacer Funds

 

TABLE OF CONTENTS

 

 

Page

Portfolio Allocation

1

Performance Summary

15

Expense Example

46

Schedules of Investments

49

Statements of Assets & Liabilities

136

Statements of Operations

142

Statements of Changes in Net Assets

148

Financial Highlights

165

Notes to Financial Statements

194

Review of Liquidity Risk Management Program

220

Additional Information

221

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited)
As of October 31, 2023

 

Pacer Trendpilot® US Large Cap ETF

 

Industry(a)

Percentage of
Net Assets

Automobiles & Components

1.9%

Banks

2.9%

Capital Goods

5.5%

Commercial & Professional Services

1.3%

Consumer Discretionary Distribution & Retail

5.7%

Consumer Durables & Apparel

0.9%

Consumer Services

2.1%

Consumer Staples Distribution & Retail

1.9%

Energy

4.6%

Real Estate Investment Trusts

2.2%

Financial Services

7.5%

Food Beverage & Tobacco

3.2%

Health Care Equipment & Services

5.6%

Household & Personal Products

1.6%

Insurance

2.3%

Materials

2.4%

Media & Entertainment

7.8%

Pharmaceuticals Biotechnology & Life Sciences

7.5%

Real Estate Management & Development

0.1%

Semiconductors & Semiconductor Equipment

7.2%

Software & Services

12.0%

Technology Hardware & Equipment

8.8%

Telecommunication Services

0.9%

Transportation

1.5%

Utilities

2.5%

Investments Purchased with Proceeds from Securities Lending

3.1%

Liabilities in Excess of Other Assets

-3.0%

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

 

Industry(a)

Percentage of
Net Assets

Short-Term Investments

98.7%

Investments Purchased with Proceeds from Securities Lending

26.4%

Liabilities in Excess of Other Assets

-25.1%

Total

100.0%

 

(a)

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

 

1

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2023

 

Pacer Trendpilot® 100 ETF

 

Industry(a)

Percentage of
Net Assets

Automobiles & Components

1.3%

Capital Goods

0.9%

Commercial & Professional Services

1.1%

Consumer Discretionary Distribution & Retail

3.9%

Consumer Durables & Apparel

0.2%

Consumer Services

1.4%

Consumer Staples Distribution & Retail

1.3%

Energy

0.3%

Financial Services

0.3%

Food Beverage & Tobacco

2.0%

Health Care Equipment & Services

0.8%

Media & Entertainment

7.1%

Pharmaceuticals Biotechnology & Life Sciences

2.4%

Real Estate Management & Development

0.1%

Semiconductors & Semiconductor Equipment

8.9%

Software & Services

9.1%

Technology Hardware & Equipment

6.4%

Telecommunication Services

0.8%

Transportation

0.4%

Utilities

0.6%

Short-Term Investments

47.7%

Investments Purchased with Proceeds from Securities Lending

30.5%

Liabilities in Excess of Other Assets

-27.5%

Total

100.0%

 

(a)

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

 

Pacer Trendpilot® European Index ETF

 

Country(a)

Percentage of
Net Assets

Consumer Durables & Apparel

0.0%*

Materials

0.3%

Short-Term Investments

97.9%

Investments Purchased with Proceeds from Securities Lending

19.6%

Liabilities in Excess of Other Assets

-17.8%

Total

100.0%

 

*

Less than 0.05%.

(a)

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

 

2

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2023

 

Pacer Trendpilot® International ETF

 

Industry(a)

Percentage of
Net Assets

Automobiles & Components

2.0%

Banks

6.1%

Capital Goods

4.4%

Commercial & Professional Services

0.9%

Consumer Discretionary Distribution & Retail

0.8%

Consumer Durables & Apparel

1.9%

Consumer Services

0.7%

Consumer Staples Distribution & Retail

0.7%

Energy

3.3%

Financial Services

1.5%

Food Beverage & Tobacco

2.8%

Health Care Equipment & Services

0.8%

Household & Personal Products

1.3%

Insurance

2.5%

Materials

3.7%

Media & Entertainment

0.5%

Pharmaceuticals Biotechnology & Life Sciences

5.3%

Real Estate Management & Development

0.4%

Semiconductors & Semiconductor Equipment

1.5%

Software & Services

1.5%

Technology Hardware & Equipment

0.9%

Telecommunication Services

1.2%

Transportation

1.3%

Utilities

1.4%

Exchange Traded Funds

2.2%

Real Estate Investment Trusts

0.2%

Short-Term Investments

48.4%

Investments Purchased with Proceeds from Securities Lending

8.5%

Liabilities in Excess of Other Assets

-6.7%

Total

100.0%

 

(a)

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

 

Pacer Trendpilot® US Bond ETF

 

Industry(a)

Percentage of
Net Assets

Corporate Bonds

98.4%

Investments Purchased with Proceeds from Securities Lending

18.1%

Liabilities in Excess of Other Assets

-16.5%

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

 

Industry(a)

Percentage of
Net Assets

Affiliated Exchange Traded Funds

99.8%

Other Assets in Excess of Liabilities

0.2%

Total

100.0%

 

(a)

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

 

3

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2023

 

Pacer US Cash Cows 100 ETF

 

Industry(a)

Percentage of
Net Assets

Automobiles & Components

0.4%

Capital Goods

2.7%

Commercial & Professional Services

0.9%

Consumer Discretionary Distribution & Retail

4.2%

Consumer Durables & Apparel

7.5%

Consumer Services

2.4%

Consumer Staples Distribution & Retail

2.5%

Energy

33.3%

Financial Services

1.6%

Food Beverage & Tobacco

4.0%

Health Care Equipment & Services

7.8%

Household & Personal Products

0.1%

Materials

12.4%

Media & Entertainment

2.5%

Pharmaceuticals Biotechnology & Life Sciences

10.0%

Semiconductors & Semiconductor Equipment

0.6%

Software & Services

1.8%

Technology Hardware & Equipment

2.8%

Transportation

2.2%

Utilities

0.2%

Investments Purchased with Proceeds from Securities Lending

6.9%

Liabilities in Excess of Other Assets

-6.8%

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

 

Industry(a)

Percentage of
Net Assets

Automobiles & Components

4.7%

Capital Goods

14.7%

Commercial & Professional Services

2.0%

Consumer Discretionary Distribution & Retail

12.8%

Consumer Durables & Apparel

15.4%

Consumer Services

2.1%

Consumer Staples Distribution & Retail

3.5%

Energy

14.6%

Food Beverage & Tobacco

2.3%

Health Care Equipment & Services

6.1%

Household & Personal Products

2.0%

Materials

5.0%

Media & Entertainment

3.4%

Pharmaceuticals Biotechnology & Life Sciences

1.2%

Semiconductors & Semiconductor Equipment

1.3%

Software & Services

1.4%

Technology Hardware & Equipment

3.4%

Transportation

4.0%

Investments Purchased with Proceeds from Securities Lending

14.5%

Liabilities in Excess of Other Assets

-14.4%

Total

100.0%

 

(a)

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

 

4

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2023

 

Pacer Global Cash Cows Dividend ETF

 

Industry(a)

Percentage of
Net Assets

Automobiles & Components

6.0%

Capital Goods

4.5%

Commercial & Professional Services

0.2%

Consumer Discretionary Distribution & Retail

0.7%

Consumer Staples Distribution & Retail

0.7%

Energy

27.5%

Food Beverage & Tobacco

7.9%

Household & Personal Products

1.9%

Materials

14.7%

Media & Entertainment

0.7%

Pharmaceuticals Biotechnology & Life Sciences

11.1%

Software & Services

2.2%

Technology Hardware & Equipment

0.6%

Telecommunication Services

12.0%

Transportation

7.6%

Utilities

1.2%

Investments Purchased with Proceeds from Securities Lending

11.2%

Liabilities in Excess of Other Assets

-10.5%

Total

100.0%

 

(a)

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

 

Pacer Developed Markets International Cash Cows 100 ETF

 

Industry(a)

Percentage of
Net Assets

Automobiles & Components

9.0%

Capital Goods

10.7%

Commercial & Professional Services

1.0%

Consumer Discretionary Distribution & Retail

1.0%

Consumer Durables & Apparel

0.5%

Consumer Services

0.1%

Consumer Staples Distribution & Retail

3.6%

Energy

35.1%

Food Beverage & Tobacco

1.8%

Health Care Equipment & Services

0.3%

Household & Personal Products

0.1%

Materials

14.4%

Media & Entertainment

0.9%

Pharmaceuticals Biotechnology & Life Sciences

0.3%

Semiconductors & Semiconductor Equipment

0.9%

Technology Hardware & Equipment

1.6%

Telecommunication Services

5.6%

Transportation

12.2%

Utilities

0.5%

Investments Purchased with Proceeds from Securities Lending

11.2%

Liabilities in Excess of Other Assets

-10.8%

Total

100.0%

 

(a)

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

 

5

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2023

 

Pacer Emerging Markets Cash Cows 100 ETF

 

Industry(a)

Percentage of
Net Assets

Automobiles & Components

2.9%

Capital Goods

9.6%

Commercial & Professional Services

0.1%

Consumer Discretionary Distribution & Retail

3.0%

Consumer Durables & Apparel

0.7%

Consumer Services

0.5%

Consumer Staples Distribution & Retail

3.6%

Energy

24.9%

Food Beverage & Tobacco

4.7%

Health Care Equipment & Services

1.2%

Household & Personal Products

0.2%

Materials

16.5%

Media & Entertainment

0.5%

Pharmaceuticals Biotechnology & Life Sciences

0.1%

Semiconductors & Semiconductor Equipment

0.5%

Technology Hardware & Equipment

10.6%

Telecommunication Services

9.0%

Transportation

6.8%

Utilities

3.9%

Investments Purchased with Proceeds from Securities Lending

5.4%

Liabilities in Excess of Other Assets

-4.7%

Total

100.0%

 

(a)

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

 

Pacer US Large Cap Cash Cows Growth Leaders ETF

 

Industry(a)

Percentage of
Net Assets

Capital Goods

0.8%

Commercial & Professional Services

4.1%

Consumer Discretionary Distribution & Retail

0.7%

Consumer Services

3.6%

Energy

12.6%

Financial Services

2.7%

Food Beverage & Tobacco

1.6%

Health Care Equipment & Services

1.7%

Household & Personal Products

0.1%

Materials

1.2%

Media & Entertainment

5.6%

Pharmaceuticals Biotechnology & Life Sciences

8.5%

Semiconductors & Semiconductor Equipment

12.0%

Software & Services

39.1%

Technology Hardware & Equipment

3.7%

Telecommunication Services

0.3%

Transportation

1.3%

Utilities

0.3%

Assets in Excess of Other Liabilities

0.1%

Total

100.0%

 

(a)

The Fund generally classifies a company in a different category than the Pacer US Large Cap Cash Cows Growth Leaders Index.

 

6

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2023

 

Pacer US Small Cap Cash Cows Growth Leaders ETF

 

Industry(a)

Percentage of
Net Assets

Automobiles & Components

2.2%

Capital Goods

10.4%

Commercial & Professional Services

3.8%

Consumer Discretionary Distribution & Retail

0.8%

Consumer Durables & Apparel

13.0%

Consumer Services

4.5%

Energy

11.8%

Food Beverage & Tobacco

2.6%

Health Care Equipment & Services

3.5%

Household & Personal Products

3.1%

Materials

2.3%

Media & Entertainment

5.4%

Pharmaceuticals Biotechnology & Life Sciences

8.4%

Semiconductors & Semiconductor Equipment

10.2%

Software & Services

9.3%

Technology Hardware & Equipment

5.3%

Telecommunication Services

1.3%

Transportation

2.0%

Other Assets in Excess of Liabilities

0.1%

Total

100.0%

 

(a)

The Fund generally classifies a company in a different category than the Pacer US Small Cap Cash Cows Growth Leaders Index.

 

Pacer US Cash Cows Growth ETF

 

Industry(a)

Percentage of
Net Assets

Capital Goods

4.3%

Commercial & Professional Services

0.4%

Consumer Discretionary Distribution & Retail

1.9%

Consumer Durables & Apparel

0.6%

Consumer Services

0.4%

Energy

45.6%

Materials

12.8%

Media & Entertainment

0.5%

Pharmaceuticals Biotechnology & Life Sciences

28.5%

Software & Services

2.1%

Transportation

2.3%

Utilities

0.3%

Investments Purchased with Proceeds from Securities Lending

14.8%

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 US Cash Cows Growth Index.

 

7

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2023

 

Pacer Cash Cows Fund of Funds ETF

 

Industry(a)

Percentage of
Net Assets

Affiliated Exchange Traded Funds

100.0%

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 Pacer Cash Cows Fund of Funds Index.

 

Pacer WealthShield ETF

 

Industry(a)

Percentage of
Net Assets

Health Care Equipment & Services

0.0%*

Short-Term Investments

98.4%

Investments Purchased with Proceeds from Securities Lending

11.5%

Liabilities in Excess of Other Assets

-9.9%

Total

100.0%

 

*

Less than 0.05%.

(a)

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

 

Pacer Industrial Real Estate ETF

 

Industry(a)

Percentage of
Net Assets

Real Estate Investment Trusts

95.1%

Common Stock

4.7%

Investments Purchased with Proceeds from Securities Lending

6.6%

Liabilities in Excess of Other Assets

-6.4%

Total

100.0%

 

(a)

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

 

Pacer Data & Infrastructure Real Estate ETF

 

Industry(a)

Percentage of
Net Assets

Real Estate Investment Trusts

64.9%

Media & Entertainment

5.9%

Real Estate Management & Development

1.9%

Software & Services

1.1%

Telecommunication Services

18.5%

Exchange Traded Funds

7.7%

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 Pacer Data & Infrastructure Real Estate Index.

 

8

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2023

 

Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF

 

Industry(a)

Percentage of
Net Assets

Automobiles & Components

2.3%

Capital Goods

15.3%

Commercial & Professional Services

5.3%

Consumer Discretionary Distribution & Retail

8.1%

Consumer Durables & Apparel

6.1%

Consumer Services

8.5%

Materials

24.5%

Semiconductors & Semiconductor Equipment

7.7%

Software & Services

9.6%

Technology Hardware & Equipment

7.6%

Transportation

4.3%

Investments Purchased with Proceeds from Securities Lending

14.0%

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 CFRA-Stovall Equal Weight Seasonal Rotation Index.

 

Pacer CSOP FTSE China A50 ETF    

 

Industry(a)

Percentage of
Net Assets

Automobiles & Components

3.6%

Banks

19.8%

Capital Goods

8.6%

Consumer Discretionary Distribution & Retail

1.3%

Consumer Durables & Apparel

1.7%

Energy

4.0%

Financial Services

4.4%

Food Beverage & Tobacco

29.3%

Health Care Equipment & Services

3.6%

Insurance

5.2%

Materials

3.7%

Pharmaceuticals Biotechnology & Life Sciences

3.7%

Semiconductors & Semiconductor Equipment

1.3%

Technology Hardware & Equipment

2.9%

Transportation

2.4%

Utilities

3.9%

Other Assets in Excess of Liabilities

0.6%

Total

100.0%

 

(a)

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

 

9

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2023

 

Pacer BioThreat Strategy ETF

 

Industry(a)

Percentage of
Net Assets

Capital Goods

3.0%

Commercial & Professional Services

1.3%

Consumer Discretionary Distribution & Retail

15.3%

Consumer Staples Distribution & Retail

7.7%

Food Beverage & Tobacco

1.3%

Health Care Equipment & Services

10.1%

Household & Personal Products

4.8%

Materials

2.1%

Media & Entertainment

5.1%

Pharmaceuticals Biotechnology & Life Sciences

40.3%

Semiconductors & Semiconductor Equipment

5.5%

Software & Services

2.7%

Technology Hardware & Equipment

0.7%

Investments Purchased with Proceeds from Securities Lending

23.6%

Liabilities in Excess of Other Assets

-23.5%

Total

100.0%

 

(a)

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

 

Pacer Lunt Large Cap Alternator ETF

 

Industry(a)

Percentage of
Net Assets

Automobiles & Components

3.8%

Banks

4.9%

Capital Goods

5.2%

Commercial & Professional Services

3.1%

Consumer Discretionary Distribution & Retail

4.8%

Consumer Durables & Apparel

3.6%

Consumer Services

6.3%

Financial Services

12.4%

Health Care Equipment & Services

1.6%

Materials

4.6%

Media & Entertainment

8.2%

Pharmaceuticals Biotechnology & Life Sciences

2.3%

Real Estate Management & Development

0.8%

Semiconductors & Semiconductor Equipment

19.9%

Software & Services

11.4%

Technology Hardware & Equipment

6.3%

Transportation

0.8%

Investments Purchased with Proceeds from Securities Lending

11.7%

Liabilities in Excess of Other Assets

-11.7%

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.

 

10

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2023

 

Pacer Lunt Midcap Multi-Factor Alternator ETF

 

Industry(a)

Percentage of
Net Assets

Automobiles & Components

0.5%

Banks

0.6%

Capital Goods

26.0%

Commercial & Professional Services

4.0%

Consumer Discretionary Distribution & Retail

3.8%

Consumer Durables & Apparel

8.7%

Consumer Services

2.8%

Consumer Staples Distribution & Retail

1.7%

Energy

7.6%

Financial Services

4.4%

Food Beverage & Tobacco

2.0%

Health Care Equipment & Services

3.0%

Household & Personal Products

0.8%

Insurance

7.2%

Materials

7.6%

Media & Entertainment

0.4%

Pharmaceuticals Biotechnology & Life Sciences

1.3%

Semiconductors & Semiconductor Equipment

1.7%

Software & Services

4.4%

Technology Hardware & Equipment

8.0%

Transportation

3.4%

Investments Purchased with Proceeds from Securities Lending

27.6%

Liabilities in Excess of Other Assets

-27.5%

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

 

Industry(a)

Percentage of
Net Assets

Automobiles & Components

0.0%*

Banks

3.0%

Capital Goods

10.4%

Commercial & Professional Services

1.6%

Consumer Discretionary Distribution & Retail

2.4%

Consumer Durables & Apparel

0.9%

Consumer Services

2.4%

Consumer Staples Distribution & Retail

1.4%

Energy

7.7%

Real Estate Investment Trusts

0.4%

Financial Services

5.2%

Food Beverage & Tobacco

1.9%

Health Care Equipment & Services

6.9%

Household & Personal Products

1.7%

Insurance

1.1%

Materials

3.7%

Media & Entertainment

9.2%

Pharmaceuticals Biotechnology & Life Sciences

11.4%

Semiconductors & Semiconductor Equipment

15.7%

Software & Services

7.1%

 

11

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2023

 

Pacer Lunt Large Cap Multi-Factor Alternator ETF (Continued)

 

Industry(a)

Percentage of
Net Assets

Technology Hardware & Equipment

3.9%

Transportation

1.3%

Utilities

0.6%

Investments Purchased with Proceeds from Securities Lending

6.5%

Liabilities in Excess of Other Assets

-6.4%

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.

 

Pacer US Export Leaders ETF

 

Industry(a)

Percentage of
Net Assets

Automobiles & Components

3.8%

Capital Goods

13.2%

Commercial & Professional Services

2.0%

Consumer Discretionary Distribution & Retail

1.0%

Consumer Durables & Apparel

2.2%

Consumer Services

2.9%

Energy

6.0%

Real Estate Investment Trusts

1.0%

Financial Services

4.0%

Food Beverage & Tobacco

2.1%

Health Care Equipment & Services

0.6%

Household & Personal Products

0.9%

Materials

12.1%

Media & Entertainment

4.2%

Pharmaceuticals Biotechnology & Life Sciences

7.5%

Semiconductors & Semiconductor Equipment

12.5%

Software & Services

9.5%

Technology Hardware & Equipment

12.5%

Telecommunication Services

0.9%

Transportation

1.1%

Investments Purchased with Proceeds from Securities Lending

17.8%

Liabilities in Excess of Other Assets

-17.8%

Total

100.0%

 

(a)

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

 

12

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2023

 

Pacer Pacific Asset Floating Rate High Income ETF

 

Industry(a)

Percentage of
Net Assets

Advertising

0.7%

Airlines

2.0%

Auto Manufacturers

0.6%

Beverages

0.6%

Building Materials

1.9%

Chemicals

0.7%

Coal

0.0%*

Commercial Services

4.4%

Computers

1.2%

Cosmetics / Personal Care

1.2%

Diversified Financial Services

2.3%

Electronics

0.3%

Entertainment

1.1%

Environmental Control

2.6%

Food

0.3%

Healthcare-Products

2.4%

Healthcare-Services

3.1%

Insurance

2.1%

Leisure Time

3.2%

Lodging

2.3%

Machinery-Diversified

2.6%

Media

1.8%

Oil & Gas

1.2%

Packaging & Containers

1.8%

Pharmaceuticals

0.6%

Pipelines

1.4%

Real Estate

0.3%

Retail

5.2%

Semiconductors

0.3%

Software

4.9%

Telecommunications

1.2%

Transportation

0.6%

Asset Backed Securities

38.2%

Exchange Traded Funds

0.7%

Closed End Funds

0.0%*

Other Assets in Excess of Liabilities

6.2%

Total

100.0%

 

*

Less than 0.05%.

(a)

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

 

13

 

 

Pacer Funds

PORTFOLIO ALLOCATION (Unaudited) (Continued)
As of October 31, 2023

 

Pacer Data and Digital Revolution ETF

 

Industry(a)

Percentage of
Net Assets

Capital Goods

7.0%

Semiconductors & Semiconductor Equipment

29.4%

Software & Services

38.7%

Technology Hardware & Equipment

24.9%

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 Pacer Data Transmission and Communication Revolution Index.

 

Pacer Industrials and Logistics ETF

 

Industry(a)

Percentage of
Net Assets

Capital Goods

7.0%

Energy

0.1%

Pharmaceuticals Biotechnology & Life Sciences

0.0%*

Software & Services

11.0%

Technology Hardware & Equipment

1.8%

Transportation

77.4%

Exchange Traded Funds

2.4%

Other Assets in Excess of Liabilities

0.3%

Total

100.0%

 

*

Less than 0.05%.

(a)

The Fund may classify a company in a different category than the Pacer Global Supply Chain Infrastructure Index.

 

14

 

 

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 Index consists of approximately 500 leading U.S.-listed companies.

 

Annualized Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer Trendpilot® US Large Cap ETF - NAV

4.78%

11.90%

7.27%

6.43%

Pacer Trendpilot® US Large Cap ETF - Market

4.67%

11.86%

7.23%

6.42%

Pacer Trendpilot® US Large Cap Index(3)

5.34%

12.54%

7.88%

7.06%

S&P 500® Index(3)

10.14%

10.36%

11.01%

10.57%

 

(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, 2023, 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.

 

15

 

 

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 measures the performance of mid-capitalization stocks in the United States.

 

Annualized Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer Trendpilot® US Mid Cap ETF - NAV

-4.13%

3.60%

0.48%

3.07%

Pacer Trendpilot® US Mid Cap ETF - Market

-4.17%

3.57%

0.44%

3.06%

Pacer Trendpilot® US Mid Cap Index(3)

-3.60%

4.25%

1.10%

3.70%

S&P MidCap 400 Index(3)

-1.06%

9.23%

7.03%

6.97%

 

(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, 2023, 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.

 

16

 

 

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. 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 Periods Ended October 31, 2023)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer Trendpilot® 100 ETF - NAV

22.10%

8.43%

13.48%

11.55%

Pacer Trendpilot® 100 ETF - Market

22.31%

8.41%

13.43%

11.56%

Pacer NASDAQ-100 Trendpilot® Index(3)

22.95%

9.09%

14.11%

12.22%

NASDAQ-100 Index(3)

27.45%

10.12%

16.68%

16.06%

 

(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 August 31, 2023, 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.

 

17

 

 

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 99% of the investable market capitalization globally.

 

Annualized Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer Trendpilot® European Index ETF - NAV

8.34%

6.59%

0.48%

0.61%

Pacer Trendpilot® European Index ETF - Market

8.57%

6.80%

0.50%

0.62%

Pacer Trendpilot® European Index(3)

9.61%

7.99%

1.82%

1.98%

FTSE Eurozone Index(3)

20.24%

8.08%

5.00%

5.69%

 

(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, 2023, 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.

 

18

 

 

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 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 Periods Ended October 31, 2023)

 

 

One Year

Three Year

Since Inception(2)

Pacer Trendpilot International ETF - NAV

1.94%

5.50%

1.00%

Pacer Trendpilot International ETF - Market

2.25%

5.48%

1.05%

Pacer Trendpilot International Index

2.68%

6.14%

1.82%

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

13.30%

6.51%

4.07%

 

(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, 2023, is 0.66%. 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.

 

19

 

 

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 iBoxx® USD Liquid High Yield Index, (ii) 50% to the iBoxx USD Liquid High Yield Index and 50% to the iBoxx® USD Treasuries 7-10 Year Index or (iii) 100% to iBoxx USD Treasuries 7-10 Year Index

 

The iBoxx USD Liquid High Yield Index is designed to track the performance of liquid U.S. dollar-denominated high yield bonds, selected to provide a balanced representation of the U.S. dollar high yield corporate bond universe. The iBoxx USD Treasuries 7-10 Year Index is designed to measure the performance of U.S. Treasury bonds maturing in 7 to 10 years.

 

Annualized Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Three Year

Since Inception(2)

Pacer Trendpilot US Bond ETF - NAV

1.77%

-5.36%

-2.39%

Pacer Trendpilot US Bond ETF - Market

1.83%

-5.50%

-2.38%

Pacer Trendpilot US Bond Index(3)

2.43%

-3.36%

-0.59%

iBoxx USD Liquid High Yield Index(3)

5.10%

0.74%

0.91%

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

5.73%

0.84%

1.46%

 

(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, 2023, 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.

 

20

 

 

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 Pacer Advisors, Inc. (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 iBoxx® USD Liquid High Yield Index, (ii) 50% to the iBoxx USD Liquid High Yield Index and 50% to the iBoxx USD Treasuries 7-10 Year Index or (iii) 100% to iBoxx® USD Treasuries 7-10 Year Index, depending on the value of the iBoxx USD Liquid High Yield Index divided by the value of the iBoxx USD Treasuries 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

iBoxx USD Liquid High Yield Index

 

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

 

 

21

 

 

Pacer Trendpilot® Fund of Funds ETF

PERFORMANCE SUMMARY (Continued)
(Unaudited)

 

Annualized Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Three Year

Since Inception(2)

Pacer Trendpilot Fund of Funds ETF - NAV

5.10%

4.63%

2.83%

Pacer Trendpilot Fund of Funds ETF - Market

5.03%

4.71%

2.81%

Pacer Trendpilot Fund of Funds Index(3)

5.69%

5.67%

3.88%

S&P 1200 Index(3)

11.70%

8.59%

7.57%

 

(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, 2023, is 0.77%. 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.

 

22

 

 

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 (if available) 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 Periods Ended October 31, 2023)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer US Cash Cows 100 ETF - NAV

5.05%

22.45%

13.60%

12.17%

Pacer US Cash Cows 100 ETF - Market

5.04%

22.44%

13.51%

12.13%

Pacer US Cash Cows 100 Index(3)

5.56%

23.04%

14.06%

12.63%

Russell 1000® Index(3)

9.48%

9.53%

10.71%

11.10%

Russell 1000® Value Index(3)

0.13%

10.21%

6.59%

6.40%

 

(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, 2023, 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.

 

23

 

 

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 (if available) over each of the next two fiscal years. Companies for which information on their projected free cash flows or earnings is not available 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 seeks to measure the small-cap segment of the U.S. equity market.

 

Annualized Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer US Small Cap Cash Cows 100 ETF - NAV

7.30%

18.13%

10.31%

9.13%

Pacer US Small Cap Cash Cows 100 ETF - Market

7.14%

18.22%

10.17%

9.11%

Pacer US Small Cap Cash Cows Index(3)

7.28%

18.74%

10.72%

9.48%

S&P SmallCap 600® Index(3)

-7.65%

8.98%

4.28%

5.41%

S&P SmallCap 600® Value Index(3)

-9.67%

11.58%

4.05%

4.73%

 

(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, 2023, 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.

 

24

 

 

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 (if available) 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 Periods Ended October 31, 2023)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer Global Cash Cows Dividend ETF - NAV

15.54%

15.28%

6.37%

7.32%

Pacer Global Cash Cows Dividend ETF - Market

15.82%

15.51%

6.38%

7.35%

Pacer Global Cash Cows Dividend Index(3)

16.33%

16.35%

7.24%

8.24%

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

13.29%

9.02%

9.26%

10.65%

MSCI World Value Index(3)

3.06%

10.19%

4.84%

6.97%

 

(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, 2023, 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.

 

 

25

 

 

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. 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 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 (if available). 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.

 

Annualized Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer Developed Markets International Cash Cows 100 ETF - NAV

19.70%

12.09%

6.01%

5.26%

Pacer Developed Markets International Cash Cows 100 ETF - Market

20.02%

12.53%

6.19%

5.37%

Pacer Developed Markets International Cash Cows 100 Index(3)

20.40%

13.15%

6.92%

6.15%

FTSE Developed ex-US Index(3)

12.55%

5.42%

4.17%

3.14%

MSCI EAFE Value Index(3)

18.10%

10.97%

3.30%

2.33%

 

(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, 2023, 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.

 

26

 

 

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. 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 FTSE Emerging Markets Index. The Fund defines emerging markets countries as those countries included in the FTSE Emerging Markets Index. The initial universe of companies is screened based on their average projected free cash flows and earnings (if available) 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 (“REITs”), companies with a market capitalization of less than $2 billion, and companies whose average daily trading value (“ADTV”) for the prior 90 days does not exceed $5 million 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 (the “Top 100 Companies”) are included in the Index.

 

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 Periods Ended October 31, 2023)

 

 

One Year

Three Year

Since Inception(2)

Pacer Emerging Markets Cash Cows 100 ETF - NAV

15.46%

2.73%

-1.09%

Pacer Emerging Markets Cash Cows 100 ETF - Market

14.33%

2.45%

-1.08%

Pacer Emerging Markets Cash Cows 100 Index(3)

18.48%

5.21%

1.05%

FTSE Emerging Markets Index(3)

10.90%

-2.41%

-0.19%

MSCI Emerging Markets Value Index(3)

13.44%

2.87%

-0.83%

 

(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, 2023, 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.

 

27

 

 

Pacer US Large Cap Cash Cows Growth Leaders ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on December 21, 2022, 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 Large Cap Cash Cows Growth Leaders Index is a rules-based methodology that seeks to provide exposure to large capitalization U.S. companies with above average free cash flow margins. Companies with above average free cash flow margins are commonly referred to as “cash cows.” The initial Index universe is typically derived from the component companies of the Russell 1000 Index®. The initial universe of companies is typically screened based on their average projected free cash flows and earnings (if available) over each of the next two fiscal years. Companies for which information on their projected free cash flows or earnings is not available will typically remain in the Index universe. A company’s projected free cash flows and earnings are typically determined by the Index Provider. Companies with negative average projected free cash flows or earnings are typically removed from the Index universe. Additionally, companies in the financial or real estate sectors are typically excluded from the Index universe. The remaining companies are typically ranked by their free cash flow margin (defined as a company’s free cash flow divided by sales) for the trailing twelve month period. The equity securities of the 100 companies with the highest free cash flow margin are typically 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.

 

Cumulative Returns(1)
(For the Periods Ended October 31, 2023)

 

 

Since Inception(2)

Pacer US Large Cap Cash Cows Growth Leaders - NAV

1.64%

Pacer US Large Cap Cash Cows Growth Leaders - Market

1.66%

Pacer US Large Cap Cash Cows Growth Leaders Index(3)

2.03%

Russell 1000 Index

9.22%

 

(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, 2023 is 0.49%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is December 21, 2022

(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 US Small Cap Cash Cows Growth Leaders ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on May 1, 2023, 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 Growth Leaders Index is a rules-based methodology that seeks to provide exposure to small-capitalization U.S. companies with above average free cash flow margins. Companies with above average free cash flow margins are commonly referred to as “cash cows.” The Fund considers a company to be a small-capitalization at the time of purchase if it was included in the S&P SmallCap 600®Index (the “S&P SmallCap 600”) at any time within the prior six months. The initial Index universe is derived from the component companies of the S&P SmallCap 600. The initial universe of companies is screened based on their average projected free cash flows and earnings (if available) over each of the next two fiscal years. Companies for which information on their projected free cash flows or earnings is not available will remain in the Index universe. A company’s projected free cash flows and earnings are determined by the Index Provider. Companies with negative average projected free cash flows or earnings are removed from the Index universe. Additionally, companies in the financial or real estate sectors are excluded from the Index universe. The remaining companies are ranked by their free cash flow margin (defined as a company’s free cash flow divided by sales)
for the trailing twelve month period. The equity securities of the 100 companies with the highest free cash flow margin are included in the Index.

 

The S&P SmallCap 600® Index seeks to measure the small-cap segment of the U.S. equity market.

 

Cumulative Returns(1)
(For the Periods Ended October 31, 2023)

 

 

Since Inception(2)

Pacer US Small Cap Cash Cows Growth Leaders - NAV

-3.30%

Pacer US Small Cap Cash Cows Growth Leaders - Market

-3.30%

Pacer US Small Cap Cash Cows Growth Leaders Total Return Index(3)

-2.97%

S&P SmallCap 600 Growth TR

-1.91%

 

(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 December 19, 2022 is 0.49%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is December 21, 2022

(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 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 initial Index universe is derived from the component companies of the S&P 900® Pure Growth Index. The initial universe of companies is screened based on their average projected free cash flows and earnings (if available) over each of the next two fiscal years. Companies for which information on their projected free cash flows or earnings is not available 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 50 companies with the highest free cash flow yield are included in the Index.

 

The S&P 900 Pure Growth Index is composed of companies found in the S&P 400 and S&P 500 Indices, including mid- and large-cap stocks based on growth potential with respect to sales, earnings relative to price, and momentum.

 

Annualized Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Three Year

Since Inception(2)

Pacer US Cash Cows Growth ETF - NAV

0.71%

9.21%

8.71%

Pacer US Cash Cows Growth ETF - Market

0.58%

9.29%

8.67%

Pacer US Cash Cows Growth Index(3)

0.53%

9.33%

8.82%

S&P 900 Pure Growth Index(3)

-0.72%

3.61%

6.24%

 

(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, 2023, 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.

 

30

 

 

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 Pacer Advisors, Inc. (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 stocks from the FTSE Global Equity Index Series.

 

 

31

 

 

Pacer Cash Cows Fund of Funds ETF

PERFORMANCE SUMMARY (Continued)
(Unaudited)

 

Annualized Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Three Year

Since Inception(2)

Pacer Cash Cows Fund of Funds ETF - NAV

9.54%

15.77%

8.86%

Pacer Cash Cows Fund of Funds ETF - Market

10.31%

15.99%

8.93%

Pacer Cash Cows Fund of Funds Index(3)

9.80%

16.09%

9.30%

FTSE All World Developed Index(3)

10.67%

7.91%

7.01%

 

(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, 2023, is 0.74%. 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.

 

32

 

 

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.

 

Annualized Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer WealthShield ETF - NAV

-8.73%

2.45%

2.72%

1.83%

Pacer WealthShield ETF - Market

-8.77%

2.55%

2.75%

1.82%

Pacer WealthShield Index(3)

-8.22%

2.73%

2.89%

2.13%

S&P 500® Index (3)

10.14%

10.36%

11.01%

9.94%

S&P U.S. Treasury Bond 20+ Year Total Return Index (3)

-9.95%

-17.22%

-3.81%

-4.77%

 

(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, 2023, 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.

 

33

 

 

Pacer Industrial Real Estate 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 Solactive GPR Industrial Real Estate Index is generally composed of the equity securities of developed markets 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 derive at least 85% of their earnings or revenues from self-storage real estate operations (“SelfStorage Companies”).

 

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 Periods Ended October 31, 2023)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer Industrial Real Estate ETF - NAV

-9.80%

1.54%

8.11%

7.60%

Pacer Industrial Real Estate ETF - Market

-9.58%

1.66%

8.09%

7.62%

Kelly Industrial Real Estate Index / Solactive GPR Industrial Real Estate Index (3)(4)

-9.34%

2.20%

8.92%

8.37%

Solactive GPR Industrial Real Estate Index

-9.34%

2.13%

9.07%

8.16%

FTSE NAREIT All Equity REITS Total Return Index(3)

-7.90%

2.76%

2.70%

3.22%

 

(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 after Fee Waiver as stated in the fee table to the Fund’s prospectus dated August 31, 2023 supplemented November 1, 2023 is 0.55%. The Fund’s investment adviser has agreed to waive 5 basis points (0.05%) of its management fee for the Fund until October 31, 2024. The fee waiver agreement may only be terminated prior to October 31, 2024 with the consent of the Adviser and the Fund’s Board of Trustees, and may be renewed by the Adviser in its sole discretion. 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.

(4)

Effective November 1, 2022, the Fund’s investment objective was to track the price and total return performance, before fees and expenses, of the Solactive GPR Industrial Real Estate Index. Prior to November 1, 2022, the Fund’s investment objective was to track the price and total return performance, before fees and expenses, of the Kelly Industrial Real Estate Index. Performance shown for periods beginning November 1, 2022 is that of the Solactive GPR Industrial Real Estate Index, and performance shown for periods prior to November 1, 2022 is that of the Kelly Industrial Real Estate Index.

 

34

 

 

Pacer Data & Infrastructure Real Estate 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 Solactive GPR Data & Infrastructure Real Estate ETF is generally composed of equity securities of developed markets 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 $500 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 real estate companies included in the Index may utilize leverage, and some may be highly leveraged. Additionally, such companies may include significant business operations outside of the United States.

 

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 Periods Ended October 31, 2023)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer Data & Infrastructure Real Estate ETF - NAV

-6.20%

-7.11%

3.16%

2.82%

Pacer Data & Infrastructure Real Estate ETF - Market

-5.51%

-7.04%

3.17%

2.86%

Kelly Data Center & Tech Infrastructure Real Estate Index / Solactive GPR Data & Infrastructure Real Estate Index (3)(4)

-5.98%

-6.75%

3.74%

3.43%

Solactive GPR Data & Infrastructure Real Estate Index

-5.98%

-4.75%

5.04%

5.52%

FTSE NAREIT All Equity REITS Total Return Index(3)

-7.90%

2.76%

2.69%

3.52%

 

(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, 2023 supplemented November 1, 2023 is 0.55%. The Fund’s investment adviser has agreed to waive 5 basis points (0.05%) of its management fee for the Fund until October 31, 2024. The fee waiver agreement may only be terminated prior to October 31, 2024 with the consent of the Adviser and the Fund’s Board of Trustees, and may be renewed by the Adviser in its sole discretion. 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.

(4)

Effective November 1, 2022, the Fund’s investment objective was to track the price and total return performance, before fees and expenses, of the Solactive GPR Data & Infrastructure Real Estate Index. Prior to November 1, 2022, the Fund’s investment objective was to track the price and total return performance, before fees and expenses, of the Kelly Data Center & Tech Infrastructure Real Estate Index. Performance shown for periods beginning November 1, 2022 is that of the Solactive GPR Data & Infrastructure Real Estate Index, and performance shown for periods prior to November 1, 2022 is that of the Kelly Data Center & Tech Infrastructure Real Estate Index.

 

35

 

 

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 CFRA-Stovall Equal Weight Seasonal Rotation Index (formerly known as 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.

 

Annualized Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF - NAV

-8.62%

5.82%

5.44%

5.23%

Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF - Market

-8.69%

5.89%

5.37%

5.18%

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

-8.01%

6.52%

6.37%

6.10%

S&P 500® Index(3)

10.14%

10.36%

11.01%

9.79%

 

(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, 2023, 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 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 Periods Ended October 31, 2023)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer CSOP FTSE China A50 ETF - NAV

8.60%

-9.73%

2.34%

1.87%

Pacer CSOP FTSE China A50 ETF - Market

9.53%

-9.76%

1.99%

1.86%

FTSE China A50 Net Total Return Index®(3)

9.28%

-9.29%

2.99%

2.30%

 

(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, 2023, 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.

 

37

 

 

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.

 

The S&P 500 Index consists of approximately 500 leading U.S.-listed companies.

 

Annualized Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Three Year

Since Inception(2)

Pacer BioThreat Strategy ETF - NAV

5.03%

3.05%

5.49%

Pacer BioThreat Strategy ETF - Market

5.04%

3.12%

5.46%

LifeSci BioThreat Strategy Index(3)

5.79%

3.78%

6.23%

S&P 500® Index(3)

10.14%

10.36%

11.69%

 

(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, 2023, 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.

 

38

 

 

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.

 

The S&P 500 Index consists of approximately 500 leading U.S.-listed companies.

 

Annualized Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Three Year

Since Inception(2)

Pacer Lunt Large Cap Alternator ETF - NAV

-18.11%

10.43%

10.36%

Pacer Lunt Large Cap Alternator ETF - Market

-18.15%

10.46%

10.33%

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

-17.55%

11.35%

11.26%

S&P 500® Index(3)

10.14%

10.36%

11.69%

 

(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, 2023, 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.

 

39

 

 

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.

 

The S&P MidCap 400 Index is comprised of 400 companies that broadly represent companies with midrange market capitalization between $3.6 billion and $13.1 billion.

 

Annualized Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Three Year

Since Inception(2)

Pacer Lunt Midcap Multi-Factor Alternator ETF - NAV

6.26%

7.21%

10.70%

Pacer Lunt Midcap Multi-Factor Alternator ETF - Market

6.30%

7.34%

10.71%

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

7.18%

8.30%

11.68%

S&P MidCap 400® Index(3)

-1.06%

9.23%

11.43%

 

(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, 2023, 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.

 

40

 

 

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.

 

The S&P 500 Index consists of approximately 500 leading U.S.-listed companies.

 

Annualized Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Three Year

Since Inception(2)

Pacer Lunt Large Cap Multi-Factor Alternator ETF - NAV

2.07%

11.25%

13.22%

Pacer Lunt Large Cap Multi-Factor Alternator ETF - Market

2.10%

11.44%

13.23%

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

2.84%

12.12%

14.12%

S&P 500® Index(3)

10.14%

10.36%

11.69%

 

(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, 2023, 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.

 

41

 

 

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 Periods Ended October 31, 2023)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer US Export Leaders ETF - NAV

10.06%

9.39%

11.67%

9.21%

Pacer US Export Leaders ETF - Market

9.96%

9.63%

11.64%

9.22%

Pacer US Export Leaders Index(3)

10.71%

10.04%

12.33%

9.89%

S&P 900 IndexTM(3)

9.46%

10.30%

10.77%

9.48%

 

(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, 2023, 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.

 

42

 

 

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 Index consists of approximately 500 leading U.S.-listed companies.

 

Annualized Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Three Year

Five Year

Since Inception(2)

Pacer Pacific Asset Floating Rate High Income ETF - NAV

13.82%

4.51%

3.76%

3.40%

Pacer Pacific Asset Floating Rate High Income ETF - Market

13.85%

4.48%

3.73%

3.42%

S&P 500® Index(3)

10.14%

10.36%

11.01%

10.31%

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

11.91%

5.37%

4.21%

3.95%

 

(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, 2023, is 0.61%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is February 18, 2015. The Fund is the successor to the investment performance of the Pacific Global Senior Loan ETF (the “Predecessor Fund”) as a result of the reorganization of the Predecessor Fund into the Fund on October 22, 2021. Accordingly, the performance information shown in the chart and table above for periods prior to October 22, 2021 is that of the Predecessor Fund’s Shares for the Fund. The Predecessor 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.

 

43

 

 

Pacer Data and Digital Revolution ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on June 8, 2022, 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 Data Transmission and Communication Revolution TR Index will generally use a “replication” strategy to achieve its investment objective, meaning it will invest in all of the component securities of the applicable Index in the same approximate proportion as in such Index, but may, when the Adviser believes it is in the best interests of such Fund, use a “representative sampling” strategy, meaning it may invest in a sample of the securities in the applicable Index whose risk, return, and other characteristics closely resemble the risk, return, and other characteristics of the applicable Index as a whole (e.g., when replicating the Index involves practical difficulties or substantial costs, an Index constituent becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations that apply to a Fund but not to its Index).

 

The S&P 500 Index consists of approximately 500 leading U.S.-listed companies.

 

Cumulative Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Since Inception(2)

Pacer Data and Digital Revolution ETF - NAV

36.70%

13.07%

Pacer Data and Digital Revolution ETF - Market

36.46%

13.26%

Pacer Data Transmission and Communication Revolution Index(3)

37.58%

13.81%

S&P 500® Index(3)

10.14%

3.04%

S&P 1200® Index(3)

11.72%

1.49%

 

(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, 2023 is 0.60%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is June 8, 2022.

(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.

 

44

 

 

Pacer Industrials and Logistics ETF

PERFORMANCE SUMMARY
(Unaudited)

 

Growth of $10,000

 

 

This chart illustrates the performance of a hypothetical $10,000 investment made on June 8, 2022, 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 Supply Chain Infrastructure Total Return Index will generally use a “replication” strategy to achieve its investment objective, meaning it will invest in all of the component securities of the applicable Index in the same approximate proportion as in such Index, but may, when the Adviser believes it is in the best interests of such Fund, use a “representative sampling” strategy, meaning it may invest in a sample of the securities in the applicable Index whose risk, return, and other characteristics closely resemble the risk, return, and other characteristics of the applicable Index as a whole (e.g., when replicating the Index involves practical difficulties or substantial costs, an Index constituent becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations that apply to a Fund but not to its Index).

 

The S&P 500 Index consists of approximately 500 leading U.S.-listed companies.

 

Cumulative Returns(1)
(For the Periods Ended October 31, 2023)

 

 

One Year

Since Inception(2)

Pacer Industrials and Logistics ETF - NAV

10.31%

-2.04%

Pacer Industrials and Logistics ETF - Market

10.31%

-1.59%

Pacer Global Supply Chain Infrastructure Index(3)

11.36%

-1.44%

S&P 500® Index(3)

10.14%

3.04%

S&P 1200® Index(3)

11.72%

1.49%

 

(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, 2023 is 0.60%. For performance information current to the most recent month-end, please call 1-877-337-0500.

(2)

Inception date is June 8, 2022.

(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.

 

45

 

 

Pacer Funds

EXPENSE EXAMPLE
For the Period Ended October 31, 2023 (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 05/01/23

Ending Account
Value 10/31/23

Expenses Paid
During Period
(a)

Pacer Trendpilot® US Large Cap ETF

       

Actual

0.60%

$1,000.00

$ 1,011.20

$ 3.03

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.12

$ 3.05

Pacer Trendpilot® US Mid Cap ETF

       

Actual

0.60%

$1,000.00

$ 949.00

$ 2.94

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.12

$ 3.05

Pacer TrendpilotTM 100 ETF

       

Actual

0.65%

$1,000.00

$ 1,105.00

$ 3.44

Hypothetical(b)

0.65%

$1,000.00

$ 1,021.87

$ 3.30

Pacer Trendpilot® European Index ETF

       

Actual

0.65%

$1,000.00

$ 910.60

$ 3.12

Hypothetical(b)

0.65%

$1,000.00

$ 1,021.87

$ 3.30

Pacer Trendpilot International ETF

       

Actual

0.65%

$1,000.00

$ 925.20

$ 3.15

Hypothetical(b)

0.65%

$1,000.00

$ 1,021.87

$ 3.30

Pacer Trendpilot US Bond ETF

       

Actual

0.60%

$1,000.00

$ 980.10

$ 2.99

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.12

$ 3.05

Pacer Trendpilot Fund of Funds ETF

       

Actual

0.15%

$1,000.00

$ 993.00

$ 0.75

Hypothetical(b)

0.15%

$1,000.00

$ 1,024.38

$ 0.76

Pacer U.S. Cash Cows 100 ETF

       

Actual

0.49%

$1,000.00

$ 1,031.70

$ 2.50

Hypothetical(b)

0.49%

$1,000.00

$ 1,022.67

$ 2.49

 

46

 

 

Pacer Funds

EXPENSE EXAMPLE
For the Period Ended October 31, 2023 (Unaudited) (Continued)

 

 

Fund’s Annual
Expense Ratio

Beginning Account
Value 05/01/23

Ending Account
Value 10/31/23

Expenses Paid
During Period
(a)

Pacer U.S. Small Cap Cash Cows 100 ETF

       

Actual

0.59%

$1,000.00

$ 1,076.60

$ 3.08

Hypothetical(b)

0.59%

$1,000.00

$ 1,022.17

$ 3.00

Pacer Global Cash Cows Dividend ETF

       

Actual

0.60%

$1,000.00

$ 960.30

$ 2.96

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.12

$ 3.05

Pacer Developed Markets International Cash Cows 100 ETF

       

Actual

0.65%

$1,000.00

$ 985.10

$ 3.24

Hypothetical(b)

0.65%

$1,000.00

$ 1,021.87

$ 3.30

Pacer Emerging Markets Cash Cows 100 ETF

       

Actual

0.70%

$1,000.00

$ 969.00

$ 3.46

Hypothetical(b)

0.70%

$1,000.00

$ 1,021.62

$ 3.56

Pacer US Large Cap Cash Cows Growth Leaders ETF

       

Actual

0.49%

$1,000.00

$ 1,029.70

$ 2.50

Hypothetical(b)

0.49%

$1,000.00

$ 1,022.67

$ 2.49

Pacer US Cash Cows Growth ETF

       

Actual

0.60%

$1,000.00

$ 998.20

$ 3.01

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.12

$ 3.05

Pacer Cash Cows Fund of Funds ETF

       

Actual

0.15%

$1,000.00

$ 1,009.30

$ 0.76

Hypothetical(b)

0.15%

$1,000.00

$ 1,024.38

$ 0.76

Pacer WealthShield ETF

       

Actual

0.60%

$1,000.00

$ 960.80

$ 2.96

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.12

$ 3.05

Pacer Industrial Real Estate ETF

       

Actual

0.55%

$1,000.00

$ 820.00

$ 2.52

Hypothetical(b)

0.55%

$1,000.00

$ 1,022.37

$ 2.80

Pacer Data & Infrastructure Real Estate ETF

     

Actual

0.55%

$1,000.00

$ 883.90

$ 2.60

Hypothetical(b)

0.55%

$1,000.00

$ 1,022.37

$ 2.80

Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF

       

Actual

0.60%

$1,000.00

$ 844.30

$ 2.78

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.12

$ 3.05

Pacer CSOP FTSE China A50 ETF

       

Actual

0.70%

$1,000.00

$ 879.60

$ 3.31

Hypothetical(b)

0.70%

$1,000.00

$ 1,021.62

$ 3.56

Pacer BioThreat Strategy ETF

       

Actual

0.70%

$1,000.00

$ 975.20

$ 3.48

Hypothetical(b)

0.70%

$1,000.00

$ 1,021.62

$ 3.56

Pacer Lunt Large Cap Alternator ETF

       

Actual

0.60%

$1,000.00

$ 869.50

$ 2.82

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.12

$ 3.05

Pacer Lunt Midcap Multi-Factor Alternator ETF

       

Actual

0.60%

$1,000.00

$ 987.90

$ 3.00

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.12

$ 3.05

Pacer Lunt Large Cap Multi-Factor Alternator ETF

       

Actual

0.60%

$1,000.00

$ 1,024.70

$ 3.05

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.12

$ 3.05

 

47

 

 

Pacer Funds

EXPENSE EXAMPLE
For the Period Ended October 31, 2023 (Unaudited) (Continued)

 

 

Fund’s Annual
Expense Ratio

Beginning Account
Value 05/01/23

Ending Account
Value 10/31/23

Expenses Paid
During Period
(a)

Pacer US Export Leaders ETF

       

Actual

0.60%

$1,000.00

$ 971.40

$ 2.97

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.12

$ 3.05

Pacer Pacific Asset Floating Rate High Income ETF

     

Actual

0.60%

$1,000.00

$ 1,053.10

$ 3.10

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.12

$ 3.05

Pacer Industrials and Logistics ETF

     

Actual

0.60%

$1,000.00

$ 944.30

$ 2.93

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.12

$ 3.05

Pacer Data and Digital Revolution ETF

       

Actual

0.60%

$1,000.00

$ 1,177.40

$ 3.28

Hypothetical(b)

0.60%

$1,000.00

$ 1,022.12

$ 3.05

 

(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.

 

Fund’s Annual
Expense Ratio

Beginning Account
Value 05/01/23
(b)

Ending Account
Value 10/31/23

Expenses Paid
During Period

Pacer US Small Cap Cash Cows Growth Leaders ETF

       

Actual

0.59%

$1,000.00

$ 967.00

$ 2.90(c)

Hypothetical(a)

0.59%

$1,000.00

$ 1,022.17

$ 3.00(d)

 

(a)

Assumes 5% return before expenses.

(b)

Inception Date of the Fund.

(c)

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 (183) in the most recent period and divided by the number of days in the most recent twelve-month period (365).

(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 (184) in the most recent six-month period and divided by the number of days in the most recent twelve-month period (365).

 

48

 

 

Pacer Trendpilot® US Large Cap ETF

SCHEDULE OF INVESTMENTS
October 31, 2023 (Unaudited)

 

   

Shares

   

Value

 

COMMON STOCKS — 97.7%

 

Communication Services — 8.7%

Alphabet, Inc. - Class A(a)

    365,673     $ 45,372,705  

Alphabet, Inc. - Class C(a)

    311,018       38,970,555  

AT&T, Inc.

    441,655       6,801,487  

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

    6,254       2,519,111  

Comcast Corp. - Class A

    252,691       10,433,611  

Electronic Arts, Inc.

    16,026       1,983,859  

Fox Corp. - Class A

    18,450       560,696  

Fox Corp. - Class B

    8,471       236,426  

Interpublic Group of Cos., Inc.

    23,689       672,768  

Live Nation Entertainment, Inc.(a)

    8,772       701,935  

Match Group, Inc.(a)

    17,035       589,411  

Meta Platforms, Inc. - Class A(a)

    136,965       41,263,445  

Netflix, Inc.(a)

    27,325       11,249,429  

News Corp. - Class A

    23,389       483,685  

News Corp. - Class B(b)

    7,154       153,382  

Omnicom Group, Inc.

    12,499       936,300  

Paramount Global - Class B(b)

    30,851       335,659  

Take-Two Interactive Software, Inc.(a)

    9,681       1,294,834  

T-Mobile US, Inc.(a)

    31,743       4,566,548  

Verizon Communications, Inc.

    262,297       9,214,494  

Walt Disney Co.(a)

    113,231       9,238,517  

Warner Bros Discovery, Inc.(a)(b)

    134,999       1,341,890  

 

            188,920,747  
 

Consumer Discretionary — 10.5%

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

    25,922       3,066,313  

Amazon.com, Inc.(a)

    559,548       74,470,244  

Aptiv PLC(a)

    16,536       1,441,939  

AutoZone, Inc.(a)

    1,162       2,878,425  

Bath & Body Works, Inc.

    13,917       412,639  

Best Buy Co., Inc.

    12,199       815,137  

Booking Holdings, Inc.(a)

    2,218       6,187,244  

BorgWarner, Inc.

    14,317       528,297  

Caesars Entertainment, Inc.(a)

    13,108       522,878  

CarMax, Inc.(a)(b)

    9,681       591,412  

Carnival Corp.(a)

    61,196       701,306  

Chipotle Mexican Grill, Inc.(a)

    1,727       3,354,179  

Darden Restaurants, Inc.(b)

    7,463       1,086,090  

Domino’s Pizza, Inc.

    2,118       717,981  

DR Horton, Inc.

    19,153       1,999,573  

eBay, Inc.

    33,170       1,301,259  

Etsy, Inc.(a)(b)

    7,663       477,405  

Expedia Group, Inc.(a)

    9,172       874,000  

Ford Motor Co.

    241,145       2,351,164  

Garmin Ltd.

    9,373       961,014  

General Motors Co.

    86,791       2,447,506  

 

   

Shares

   

Value

 

Consumer Discretionary — 10.5% (Continued)

Genuine Parts Co.

    8,572     $ 1,104,588  

Hasbro, Inc.(b)

    7,963       359,529  

Hilton Worldwide Holdings, Inc.

    16,535       2,505,549  

Home Depot, Inc.

    61,681       17,559,965  

Las Vegas Sands Corp.

    20,062       952,143  

Lennar Corp. - Class A

    15,526       1,656,314  

LKQ Corp.

    15,527       681,946  

Lowe’s Cos., Inc.

    35,933       6,847,752  

Lululemon Athletica, Inc.(a)

    7,130       2,805,512  

Marriott International, Inc.

    15,399       2,903,635  

McDonald’s Corp.

    45,013       11,801,058  

MGM Resorts International

    19,460       679,543  

Mohawk Industries, Inc.(a)

    3,227       259,386  

Nike, Inc. - Class B

    75,176       7,725,838  

Norwegian Cruise Line Holdings Ltd.(a)

    25,708       349,629  

NVR, Inc.(a)

    200       1,082,524  

O’Reilly Automotive, Inc.(a)

    3,827       3,560,794  

Pool Corp.(b)

    2,418       763,532  

PulteGroup, Inc.

    13,916       1,024,078  

Ralph Lauren Corp.

    2,518       283,351  

Ross Stores, Inc.

    21,171       2,455,201  

Royal Caribbean Cruises Ltd.(a)

    14,514       1,229,771  

Starbucks Corp.

    70,808       6,531,330  

Tapestry, Inc.

    14,717       405,601  

Tesla Motors, Inc.(a)

    169,919       34,126,533  

TJX Cos., Inc.

    70,876       6,242,049  

Tractor Supply Co.(b)

    6,754       1,300,550  

Ulta Beauty, Inc.(a)

    3,127       1,192,356  

VF Corp.(b)

    20,162       296,986  

Whirlpool Corp.(b)

    3,327       347,871  

Wynn Resorts Ltd.

    6,253       548,888  

Yum! Brands, Inc.

    17,244       2,084,110  

 

            228,853,917  
 

Consumer Staples — 6.6%

Altria Group, Inc.

    109,491       4,398,253  

Archer-Daniels-Midland Co.

    33,570       2,402,605  

Brown-Forman Corp. - Class B

    11,190       628,430  

Bunge Ltd.

    9,204       975,440  

Campbell Soup Co.

    12,299       497,003  

Church & Dwight Co., Inc.

    14,918       1,356,643  

Clorox Co.

    7,563       890,165  

Coca-Cola Co.

    240,472       13,584,263  

Colgate-Palmolive Co.

    51,014       3,832,172  

Conagra Brands, Inc.

    29,235       799,870  

Constellation Brands, Inc. - Class A

    9,881       2,313,636  

Costco Wholesale Corp.

    27,466       15,173,317  

Dollar General Corp.

    13,808       1,643,704  

Dollar Tree, Inc.(a)

    12,908       1,433,950  

 

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

 

49

 

 

Pacer Trendpilot® US Large Cap ETF

SCHEDULE OF INVESTMENTS
October 31, 2023 (Unaudited) (Continued)

 

   

Shares

   

Value

 

COMMON STOCKS — 97.7% (Continued)

 

Consumer Staples — 6.6% (Continued)

Estee Lauder Cos., Inc. - Class A

    14,117     $ 1,819,258  

General Mills, Inc.

    36,297       2,368,016  

Hershey Co.

    8,972       1,680,904  

Hormel Foods Corp.

    17,644       574,312  

J M Smucker Co.

    6,554       746,107  

Kellanova

    15,627       788,695  

Kenvue, Inc.

    106,336       1,977,850  

Keurig Dr Pepper, Inc.

    61,747       1,872,787  

Kimberly-Clark Corp.

    20,571       2,461,114  

Kroger Co.

    39,825       1,806,860  

Lamb Weston Holdings, Inc.

    8,772       787,726  

McCormick & Co., Inc.

    15,326       979,331  

Molson Coors Beverage Co. - Class B(b)

    11,490       663,777  

Mondelez International, Inc.

    83,376       5,520,325  

Monster Beverage Corp.(a)

    46,577       2,380,085  

PepsiCo, Inc.

    85,142       13,901,986  

Philip Morris International, Inc.

    95,312       8,498,018  

Procter & Gamble Co.

    145,185       21,782,106  

Sysco Corp.

    30,952       2,057,998  

Target Corp.

    28,126       3,116,080  

The Kraft Heinz Co.

    48,596       1,528,830  

Tyson Foods, Inc. - Class A

    17,644       817,799  

Walgreens Boots Alliance, Inc.(b)

    43,872       924,822  

Walmart, Inc.

    87,638       14,320,926  

 

            143,305,163  
 

Energy — 4.5%

APA Corp.

    19,661       780,935  

Baker Hughes Co.

    61,196       2,106,366  

Chevron Corp.

    109,904       16,016,310  

ConocoPhillips

    74,429       8,842,165  

Coterra Energy, Inc.

    48,177       1,324,868  

Devon Energy Corp.

    39,924       1,859,261  

Diamondback Energy, Inc.

    11,290       1,810,013  

EOG Resources, Inc.

    35,888       4,530,860  

EQT Corp.

    22,380       948,464  

Exxon Mobil Corp.

    246,687       26,111,818  

Halliburton Co.

    55,450       2,181,403  

Hess Corp.

    16,935       2,445,414  

Kinder Morgan, Inc.

    120,780       1,956,636  

Marathon Oil Corp.

    38,814       1,060,010  

Marathon Petroleum Corp.

    24,570       3,716,213  

Occidental Petroleum Corp.

    40,752       2,518,881  

ONEOK, Inc.

    35,816       2,335,203  

Phillips 66

    27,298       3,113,883  

Pioneer Natural Resources Co.

    14,517       3,469,563  

Schlumberger Ltd.

    88,043       4,900,473  

 

   

Shares

   

Value

 

Energy — 4.5% (Continued)

Targa Resources Corp.

    13,808     $ 1,154,487  

Valero Energy Corp.

    22,243       2,824,861  

Williams Cos., Inc.

    74,404       2,559,498  

 

            98,567,585  
 

Financials — 12.8%

Aflac, Inc.

    34,578       2,700,888  

Allstate Corp.

    16,235       2,080,191  

American Express Co.

    36,496       5,329,511  

American International Group, Inc.

    45,368       2,781,512  

Ameriprise Financial, Inc.

    6,454       2,030,235  

Aon PLC

    12,599       3,898,131  

Arch Capital Group Ltd.(a)

    22,581       1,957,321  

Arthur J Gallagher & Co.

    13,208