Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF
Schedule of Investments
as of January 31, 2024 (Unaudited)
COMMON STOCKS - 83.8%	Shares		Value
Communication Services - 7.6%
Alphabet, Inc. - Class A(a)		27,846	$	3,901,225
Alphabet, Inc. - Class C(a)		23,437		3,323,367
AT&T, Inc.		33,639		595,074
Charter Communications, Inc. - Class A(a)		471		174,604
Comcast Corp. - Class A		18,891		879,187
Electronic Arts, Inc.		1,148		157,942
Fox Corp. - Class A		1,159		37,436
Fox Corp. - Class B		608		18,246
Interpublic Group of Cos., Inc.		1,799		59,349
Live Nation Entertainment, Inc.(a)		667		59,263
Match Group, Inc.(a)		1,269		48,704
Meta Platforms, Inc. - Class A(a)		10,439		4,072,670
Netflix, Inc.(a)		2,054		1,158,682
News Corp. - Class A		1,788		44,056
News Corp. - Class B		533		13,629
Omnicom Group, Inc.		928		83,873
Paramount Global - Class B		2,265		33,046
Take-Two Interactive Software, Inc.(a)		738		121,718
T-Mobile US, Inc.		2,383		384,211
Verizon Communications, Inc.		19,773		837,387
Walt Disney Co.		8,595		825,550
Warner Bros Discovery, Inc.(a)		10,437		104,579
				16,933,798
Consumer Discretionary - 8.8%
Airbnb, Inc. - Class A(a)		2,041		294,190
Amazon.com, Inc.(a)		42,780		6,639,455
Aptiv PLC(a)		1,330		108,169
AutoZone, Inc.(a)		77		212,684
Bath & Body Works, Inc.		1,059		45,177
Best Buy Co., Inc.		909		65,893
Booking Holdings, Inc.(a)		153		536,643
BorgWarner, Inc.		1,105		37,460
Caesars Entertainment, Inc.(a)		1,006		44,133
CarMax, Inc.(a)		741		52,744
Carnival Corp.(a)		4,734		78,490
Chipotle Mexican Grill, Inc.(a)		120		289,052
Darden Restaurants, Inc.		557		90,557
Domino's Pizza, Inc.		153		65,212
DR Horton, Inc.		1,411		201,646
eBay, Inc.		2,440		100,211
Etsy, Inc.(a)		555		36,941
Expedia Group, Inc.(a)		616		91,371
Ford Motor Co.		18,491		216,715
Garmin Ltd.		716		85,555
General Motors Co.		6,441		249,911
Genuine Parts Co.		647		90,729
Hasbro, Inc.		602		29,468
Hilton Worldwide Holdings, Inc.		1,199		228,961
Home Depot, Inc.		4,701		1,659,264
Las Vegas Sands Corp.		1,723		84,289
Lennar Corp. - Class A		1,172		175,624
LKQ Corp.		1,248		58,244
Lowe's Cos., Inc.		2,712		577,222
Lululemon Athletica, Inc.(a)		535		242,794
Marriott International, Inc.		1,156		277,128
McDonald's Corp.		3,407		997,297
MGM Resorts International		1,275		55,297
Mohawk Industries, Inc.(a)		247		25,750
Nike, Inc. - Class B		5,758		584,610
Norwegian Cruise Line Holdings Ltd.(a)		2,000		35,600
NVR, Inc.(a)		14		99,054
O'Reilly Automotive, Inc.(a)		274		280,316
Pool Corp.		170		63,113
PulteGroup, Inc.		1,005		105,083
Ralph Lauren Corp.		174		24,999
Ross Stores, Inc.		1,590		223,045
Royal Caribbean Cruises Ltd.(a)		1,108		141,269
Starbucks Corp.		5,371		499,664
Tapestry, Inc.		1,067		41,389
Tesla Motors, Inc.(a)		13,000		2,434,769
TJX Cos., Inc.		5,377		510,331
Tractor Supply Co.		504		113,198
Ulta Beauty, Inc.(a)		231		115,974
VF Corp.		1,554		25,579
Whirlpool Corp.		255		27,928
Wynn Resorts Ltd.		451		42,588
Yum! Brands, Inc.		1,306		169,114
				19,581,899
Consumer Staples - 5.2%
Altria Group, Inc.		8,312		333,477
Archer-Daniels-Midland Co.		2,503		139,117
Brown-Forman Corp. - Class B		849		46,610
Bunge Global SA		682		60,077
Campbell Soup Co.		921		41,104
Church & Dwight Co., Inc.		1,155		115,327
Clorox Co.		574		83,374
Coca-Cola Co.		18,296		1,088,429
Colgate-Palmolive Co.		3,867		325,601
Conagra Brands, Inc.		2,245		65,442
Constellation Brands, Inc. - Class A		754		184,790
Costco Wholesale Corp.		2,076		1,442,571
Dollar General Corp.		1,022		134,976
Dollar Tree, Inc.(a)		976		127,485
Estee Lauder Cos., Inc.		1,080		142,549
General Mills, Inc.		2,730		177,204
Hershey Co.		702		135,865
Hormel Foods Corp.		1,360		41,303
J M Smucker Co.		495		65,117
Kellanova		1,231		67,410
Kenvue, Inc.		8,100		168,156
Keurig Dr Pepper, Inc.		4,731		148,743
Kimberly-Clark Corp.		1,586		191,858
Kroger Co.		3,111		143,542
Lamb Weston Holdings, Inc.		680		69,659
McCormick & Co., Inc.		1,177		80,224
Molson Coors Beverage Co. - Class B		859		53,078
Mondelez International, Inc.		6,388		480,825
Monster Beverage Corp.(a)		3,465		190,644
PepsiCo, Inc.		6,464		1,089,378
Philip Morris International, Inc.		7,303		663,478
Procter & Gamble Co.		11,086		1,742,053
Sysco Corp.		2,362		191,157
Target Corp.		2,161		300,552
The Kraft Heinz Co.		3,737		138,755
Tyson Foods, Inc. - Class A		1,340		73,378
Walgreens Boots Alliance, Inc.		3,370		76,061
Walmart, Inc.		6,706		1,108,167
				11,727,536
Energy - 3.2%
APA Corp.		1,435		44,959
Baker Hughes Co.		4,728		134,748
Chevron Corp.		8,255		1,217,035
ConocoPhillips		5,582		624,458
Coterra Energy, Inc.		3,537		88,001
Devon Energy Corp.		3,006		126,312
Diamondback Energy, Inc.		830		127,604
EOG Resources, Inc.		2,738		311,557
EQT Corp.		1,923		68,074
Exxon Mobil Corp.		18,843		1,937,248
Halliburton Co.		4,211		150,122
Hess Corp.		1,289		181,143
Kinder Morgan, Inc.		9,097		153,921
Marathon Oil Corp.		2,748		62,792
Marathon Petroleum Corp.		1,785		295,596
Occidental Petroleum Corp.		3,105		178,755
ONEOK, Inc.		2,730		186,323
Phillips 66		2,064		297,856
Pioneer Natural Resources Co.		1,085		249,366
Schlumberger Ltd.		6,714		326,972
Targa Resources Corp.		1,039		88,273
Valero Energy Corp.		1,597		221,823
Williams Cos., Inc.		5,712		197,978
				7,270,916
Financials - 11.3%
Aflac, Inc.		2,498		210,681
Allstate Corp.		1,222		189,716
American Express Co.		2,706		543,202
American International Group, Inc.		3,290		228,688
Ameriprise Financial, Inc.		474		183,357
Aon PLC		938		279,927
Arch Capital Group Ltd.(a)		1,743		143,675
Arthur J Gallagher & Co.		1,006		233,553
Assurant, Inc.		246		41,316
Bank of America Corp.		32,389		1,101,550
Bank of New York Mellon Corp.		3,614		200,432
Berkshire Hathaway, Inc. - Class B(a)		8,550		3,280,978
BlackRock, Inc.		645		499,430
Blackstone, Inc.		3,340		415,663
Brown & Brown, Inc.		1,111		86,169
Capital One Financial Corp.		1,790		242,223
Cboe Global Markets, Inc.		493		90,638
Charles Schwab Corp.		6,993		440,000
Chubb Ltd.		1,911		468,196
Cincinnati Financial Corp.		733		81,216
Citigroup, Inc.		8,996		505,305
Citizens Financial Group, Inc.		2,181		71,319
CME Group, Inc.		1,685		346,840
Comerica, Inc.		608		31,969
Discover Financial Services		1,171		123,564
Everest Group Ltd.		190		73,144
FactSet Research Systems, Inc.		167		79,479
Fidelity National Information Services, Inc.		2,779		173,021
Fifth Third Bancorp		3,197		109,465
Fiserv, Inc.(a)		2,813		399,080
FleetCor Technologies, Inc.(a)		332		96,257
Franklin Resources, Inc.		1,326		35,311
Global Payments, Inc.		1,217		162,141
Globe Life, Inc.		390		47,900
Goldman Sachs Group, Inc.		1,522		584,463
Hartford Financial Services Group, Inc.		1,409		122,527
Huntington Bancshares, Inc.		6,802		86,589
Intercontinental Exchange, Inc.		2,689		342,390
Invesco Ltd.		2,108		33,370
Jack Henry & Associates, Inc.		334		55,387
JPMorgan Chase & Co.		13,595		2,370,424
KeyCorp.		4,391		63,801
Loews Corp.		850		61,931
M&T Bank Corp.		773		106,751
MarketAxess Holdings, Inc.		166		37,435
Marsh & McLennan Cos., Inc.		2,314		448,546
Mastercard, Inc. - Class A		3,887		1,746,157
MetLife, Inc.		2,923		202,622
Moody's Corp.		735		288,149
Morgan Stanley		5,934		517,682
MSCI, Inc.		362		216,700
Nasdaq, Inc.		1,597		92,259
Northern Trust Corp.		968		77,092
PayPal Holdings, Inc.(a)		5,060		310,431
PNC Financial Services Group, Inc.		1,866		282,158
Principal Financial Group, Inc.		1,022		80,840
Progressive Corp.		2,747		489,653
Prudential Financial, Inc.		1,690		177,332
Raymond James Financial, Inc.		884		97,399
Regions Financial Corp.		4,364		81,476
S&P Global, Inc.		1,512		677,905
Signature Bank(a)		150		225
State Street Corp.		1,445		106,742
SVB Financial Group(a)		141		10
Synchrony Financial		1,936		75,252
T Rowe Price Group, Inc.		1,042		113,005
Travelers Cos., Inc.		1,063		224,676
Truist Financial Corp.		6,269		232,329
US Bancorp		7,323		304,197
Visa, Inc. - Class A		7,487		2,045,898
W R Berkley Corp.		953		78,032
Wells Fargo & Co.		17,084		857,275
Willis Towers Watson PLC		483		118,963
Zions Bancorp		694		29,079
				25,052,557
Health Care - 10.9%
Abbott Laboratories		8,152		922,399
AbbVie, Inc.		8,299		1,364,356
Agilent Technologies, Inc.		1,373		178,627
Align Technology, Inc.(a)		327		87,414
Amgen, Inc.		2,511		789,107
Baxter International, Inc.		2,376		91,927
Becton Dickinson & Co.		1,362		325,259
Biogen, Inc.(a)		680		167,729
Bio-Rad Laboratories, Inc. - Class A(a)		92		29,522
Bio-Techne Corp.		738		51,896
Boston Scientific Corp.(a)		6,886		435,608
Bristol-Myers Squibb Co.		9,571		467,735
Cardinal Health, Inc.		1,155		126,114
Catalent, Inc.(a)		837		43,223
Cencora, Inc.		776		180,560
Centene Corp.(a)		2,509		188,953
Charles River Laboratories International, Inc.(a)		240		51,907
Cigna Corp.		1,373		413,204
Cooper Cos., Inc.		232		86,543
CVS Health Corp.		6,038		449,046
Danaher Corp.		3,080		738,923
DaVita, Inc.(a)		251		27,148
Dentsply Sirona, Inc.		989		34,368
DexCom, Inc.(a)		1,814		220,129
Edwards Lifesciences Corp.(a)		2,841		222,933
Elevance Health, Inc.		1,105		545,251
Eli Lilly & Co.		3,738		2,413,289
GE HealthCare Technologies, Inc.		1,836		134,689
Gilead Sciences, Inc.		5,854		458,134
HCA Healthcare, Inc.		928		282,947
Henry Schein, Inc.(a)		602		45,054
Hologic, Inc.(a)		1,149		85,532
Humana, Inc.		570		215,494
IDEXX Laboratories, Inc.(a)		379		195,215
Illumina, Inc.(a)		741		105,970
Incyte Corp.(a)		862		50,660
Insulet Corp.(a)		321		61,269
Intuitive Surgical, Inc.(a)		1,648		623,307
IQVIA Holdings, Inc.(a)		850		176,996
Johnson & Johnson		11,322		1,799,066
Laboratory Corp. of America Holdings		387		86,030
McKesson Corp.		615		307,432
Medtronic PLC		6,255		547,563
Merck & Co., Inc.		11,910		1,438,490
Mettler-Toledo International, Inc.(a)		95		113,733
Moderna, Inc.(a)		1,559		157,537
Molina Healthcare, Inc.(a)		271		96,595
Pfizer, Inc.		26,565		719,380
Quest Diagnostics, Inc.		523		67,169
Regeneron Pharmaceuticals, Inc.(a)		500		471,390
ResMed, Inc.		690		131,238
Revvity, Inc.		571		61,200
STERIS PLC		463		101,374
Stryker Corp.		1,587		532,407
Teleflex, Inc.		221		53,665
Thermo Fisher Scientific, Inc.		1,814		977,710
UnitedHealth Group, Inc.		4,342		2,221,975
Universal Health Services, Inc. - Class B		282		44,784
Vertex Pharmaceuticals, Inc.(a)		1,205		522,223
Viatris, Inc.		5,636		66,336
Waters Corp.(a)		274		87,053
West Pharmaceutical Services, Inc.		339		126,457
Zimmer Biomet Holdings, Inc.		976		122,586
Zoetis, Inc.		2,150		403,792
				24,345,622
Industrials - 7.4%
3M Co.		2,588		244,178
A O Smith Corp.		568		44,082
Allegion PLC		400		49,556
American Airlines Group, Inc.(a)		3,062		43,572
AMETEK, Inc.		1,074		174,042
Automatic Data Processing, Inc.		1,925		473,127
Axon Enterprise, Inc.(a)		324		80,695
Boeing Co.(a)		2,673		564,110
Broadridge Financial Solutions, Inc.		546		111,493
Builders FirstSource, Inc.(a)		567		98,505
Carrier Global Corp.		3,935		215,284
Caterpillar, Inc.		2,388		717,140
Ceridian HCM Holding, Inc.(a)		729		50,680
CH Robinson Worldwide, Inc.		541		45,493
Cintas Corp.		395		238,805
Copart, Inc.(a)		4,102		197,060
CSX Corp.		9,297		331,903
Cummins, Inc.		666		159,374
Deere & Co.		1,251		492,369
Delta Air Lines, Inc.		3,018		118,125
Dover Corp.		645		96,608
Eaton Corp. PLC		1,870		460,170
Emerson Electric Co.		2,679		245,745
Equifax, Inc.		570		139,274
Expeditors International of Washington, Inc.		682		86,157
Fastenal Co.		2,685		183,198
FedEx Corp.		1,076		259,628
Fortive Corp.		1,646		128,684
Generac Holdings, Inc.(a)		284		32,282
General Dynamics Corp.		1,055		279,564
General Electric Co.		5,118		677,726
Honeywell International, Inc.		3,100		627,006
Howmet Aerospace, Inc.		1,835		103,237
Hubbell, Inc.		250		83,893
Huntington Ingalls Industries, Inc.		174		45,052
IDEX Corp.		347		73,391
Illinois Tool Works, Inc.		1,277		333,169
Ingersoll Rand, Inc.		1,897		151,494
Jacobs Solutions, Inc.		582		78,436
JB Hunt Trasport Services, Inc.		372		74,765
Johnson Controls International PLC		3,194		168,292
L3Harris Technologies, Inc.		891		185,702
Leidos Holdings, Inc.		635		70,148
Lockheed Martin Corp.		1,030		442,292
Masco Corp.		1,046		70,385
Nordson Corp.		252		63,433
Norfolk Southern Corp.		1,053		247,708
Northrop Grumman Corp.		666		297,542
Old Dominion Freight Line, Inc.		409		159,927
Otis Worldwide Corp.		1,916		169,451
PACCAR, Inc.		2,458		246,759
Parker-Hannifin Corp.		593		275,449
Paychex, Inc.		1,501		182,717
Paycom Software, Inc.		230		43,755
Pentair PLC		770		56,341
Quanta Services, Inc.		682		132,342
Republic Services, Inc.		957		163,762
Robert Half, Inc.		494		39,293
Rockwell Automation, Inc.		533		134,998
Rollins, Inc.		1,306		56,563
RTX Corp.		6,758		615,789
Snap-On, Inc.		246		71,323
Southwest Airlines Co.		2,795		83,543
Stanley Black & Decker, Inc.		717		66,896
Textron, Inc.		919		77,848
Trane Technologies PLC		1,063		267,929
TransDigm Group, Inc.		257		280,819
Uber Technologies, Inc.(a)		9,580		625,287
Union Pacific Corp.		2,854		696,176
United Airlines Holdings, Inc.(a)		1,530		63,311
United Parcel Service, Inc. - Class B		3,398		482,176
United Rentals, Inc.		312		195,125
Veralto Corp.		1,021		78,300
Verisk Analytics, Inc.		681		164,482
W.W. Grainger, Inc.		194		173,754
Waste Management, Inc.		1,714		318,170
Westinghouse Air Brake Technologies Corp.		832		109,466
Xylem, Inc.		1,132		127,282
				16,313,607
Information Technology - 25.4%
Accenture PLC - Class A		2,948		1,072,717
Adobe, Inc.(a)		2,133		1,317,725
Advanced Micro Devices, Inc.(a)		7,597		1,273,941
Akamai Technologies, Inc.(a)		706		87,000
Amphenol Corp.		2,805		283,586
Analog Devices, Inc.		2,337		449,545
ANSYS, Inc.(a)		395		129,493
Apple, Inc.		68,789		12,684,693
Applied Materials, Inc.		3,924		644,713
Arista Networks, Inc.(a)		1,180		305,242
Autodesk, Inc.(a)		997		253,049
Broadcom, Inc.		2,059		2,429,620
Cadence Design System, Inc.(a)		1,270		366,344
CDW Corp.		617		139,886
Cisco Systems, Inc.		19,057		956,280
Cognizant Technology Solutions Corp.		2,350		181,232
Corning, Inc.		3,608		117,224
Enphase Energy, Inc.(a)		631		65,706
EPAM Systems, Inc.(a)		268		74,533
F5, Inc.(a)		277		50,885
Fair Isaac Corp.(a)		108		129,474
First Solar, Inc.(a)		498		72,857
Fortinet, Inc.(a)		2,991		192,890
Gartner, Inc.(a)		357		163,306
Gen Digital, Inc.		2,652		62,269
Hewlett Packard Enterprise Co.		6,031		92,214
HP, Inc.		4,085		117,280
Intel Corp.		19,825		854,061
International Business Machines Corp.		4,290		787,901
Intuit, Inc.		1,306		824,517
Jabil, Inc.		587		73,545
Juniper Networks, Inc.		1,490		55,070
Keysight Technologies, Inc.(a)		823		126,133
KLA Corp.		628		373,057
Lam Research Corp.		608		501,703
Microchip Technology, Inc.		2,539		216,272
Micron Technology, Inc.		5,161		442,556
Microsoft Corp.		34,968		13,902,578
Monolithic Power Systems, Inc.		225		135,612
Motorola Solutions, Inc.		773		246,974
NetApp, Inc.		975		85,020
NVIDIA Corp.		11,614		7,145,747
NXP Semiconductors NV		1,205		253,737
ON Semiconductor Corp.(a)		2,023		143,896
Oracle Corp.		7,464		833,729
Palo Alto Networks, Inc.(a)		1,453		491,855
PTC, Inc.(a)		551		99,538
Qorvo, Inc.(a)		457		45,581
QUALCOMM, Inc.		5,226		776,113
Roper Technologies, Inc.		498		267,426
salesforce.com, Inc.(a)		4,567		1,283,738
Seagate Technology Holdings PLC		913		78,226
ServiceNow, Inc.(a)		959		734,019
Skyworks Solutions, Inc.		744		77,718
Synopsys, Inc.(a)		712		379,745
TE Connectivity Ltd.		1,454		206,744
Teledyne Technologies, Inc.(a)		222		92,900
Teradyne, Inc.		715		69,062
Texas Instruments, Inc.		4,268		683,392
Trimble, Inc.(a)		1,166		59,303
Tyler Technologies, Inc.(a)		184		77,786
VeriSign, Inc.(a)		406		80,745
Western Digital Corp.(a)		1,513		86,619
Zebra Technologies Corp.(a)		240		57,492
				56,363,814
Materials - 2.0%
Air Products & Chemicals, Inc.		1,034		264,404
Albemarle Corp.		544		62,419
Amcor PLC		6,790		64,030
Avery Dennison Corp.		368		73,398
Ball Corp.		1,474		81,733
Celanese Corp.		469		68,610
CF Industries Holdings, Inc.		898		67,808
Corteva, Inc.		3,301		150,129
Dow, Inc.		3,287		176,183
DuPont de Nemours, Inc.		2,022		124,960
Eastman Chemical Co.		550		45,953
Ecolab, Inc.		1,188		235,485
FMC Corp.		577		32,427
Freeport-McMoRan, Inc.		6,740		267,511
International Flavors & Fragrances, Inc.		1,194		96,332
International Paper Co.		1,622		58,116
Linde PLC		2,276		921,393
LyondellBasell Industries NV		1,198		112,756
Martin Marietta Materials, Inc.		286		145,408
Mosaic Co.		1,525		46,833
Newmont Goldcorp Corp.		5,398		186,285
Nucor Corp.		1,153		215,530
Packaging Corp. of America		410		68,011
PPG Industries, Inc.		1,109		156,413
Sherwin-Williams Co.		1,107		336,949
Steel Dynamics, Inc.		712		85,931
Vulcan Materials Co.		612		138,318
Westrock Co.		1,199		48,272
				4,331,597
Real Estate - 0.1%
CBRE Group, Inc.(a)		1,426		123,078
CoStar Group, Inc.(a)		1,912		159,614
				282,692
Utilities - 1.9%
AES Corp.		3,146		52,475
Alliant Energy Corp.		1,194		58,100
Ameren Corp.		1,228		85,432
American Electric Power Co., Inc.		2,470		193,006
American Water Works Co., Inc.		914		113,354
Atmos Energy Corp.		696		79,302
CenterPoint Energy, Inc.		2,964		82,814
CMS Energy Corp.		1,369		78,252
Consolidated Edison, Inc.		1,618		147,076
Constellation Energy Corp.		1,492		182,024
Dominion Energy, Inc.		3,925		179,451
DTE Energy Co.		964		101,625
Duke Energy Corp.		3,621		347,000
Edison International		1,800		121,464
Entergy Corp.		987		98,463
Evergy, Inc.		1,069		54,273
Eversource Energy		1,636		88,704
Exelon Corp.		4,681		162,946
FirstEnergy Corp.		2,416		88,619
NextEra Energy, Inc.		9,643		565,369
NiSource, Inc.		1,934		50,226
NRG Energy, Inc.		1,052		55,798
PG&E Corp.		10,030		169,206
Pinnacle West Capital Corp.		527		36,310
PPL Corp.		3,458		90,600
Public Service Enterprise Group, Inc.		2,337		135,523
Sempra		2,956		211,531
Southern Co.		5,128		356,499
WEC Energy Group, Inc.		1,475		119,121
Xcel Energy, Inc.		2,586		154,824
				4,259,387
TOTAL COMMON STOCKS (Cost $163,928,407)				186,463,425
U.S. TREASURY OBLIGATIONS - 9.3%	Par
United States Treasury Note/Bond
1.50%, 02/29/2024		6,500,000		6,480,441
0.38%, 09/15/2024		4,000,000		3,887,617
1.75%, 03/15/2025		5,500,000		5,330,059
4.63%, 03/15/2026		5,000,000		5,043,359
TOTAL U.S. TREASURY OBLIGATIONS (Cost $20,722,704)				20,741,476
REAL ESTATE INVESTMENT TRUSTS - 1.9%	Shares
Alexandria Real Estate Equities, Inc.		731		88,378
American Tower Corp.		2,181		426,713
AvalonBay Communities, Inc.		668		119,579
Boston Properties, Inc.		678		45,087
Camden Property Trust		498		46,732
Crown Castle, Inc.		2,038		220,614
Digital Realty Trust, Inc.		1,418		199,172
Equinix, Inc.		442		366,758
Equity Residential		1,620		97,508
Essex Property Trust, Inc.		296		69,048
Extra Space Storage, Inc.		986		142,418
Federal Realty Investment Trust		337		34,283
Healthpeak Properties, Inc.		2,565		47,453
Host Hotels & Resorts, Inc.		3,318		63,772
Invitation Homes, Inc.		2,702		88,977
Iron Mountain, Inc.		1,370		92,502
Kimco Realty Corp.		2,912		58,822
Mid-America Apartment Communities, Inc.		542		68,498
Prologis, Inc.		4,338		549,580
Public Storage		739		209,277
Realty Income Corp.		3,399		184,872
Regency Centers Corp.		765		47,943
SBA Communications Corp.		503		112,602
Simon Property Group, Inc.		1,522		210,964
UDR, Inc.		1,417		51,040
Ventas, Inc.		1,884		87,399
VICI Properties, Inc.		4,865		146,534
Welltower, Inc.		2,591		224,147
Weyerhaeuser Co.		3,427		112,303
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $4,355,646)				4,212,975
SHORT-TERM INVESTMENTS - 2.0%
U.S. Treasury Bills - 2.0%	Par
5.43%, 03/07/2024(b)		4,500,000		4,476,979
TOTAL SHORT-TERM INVESTMENTS (Cost $4,476,771)				4,476,979
TOTAL INVESTMENTS - 97.0% (Cost $193,483,528)			$	215,894,855
Other Assets in Excess of Liabilities – 3.0%				6,656,250
TOTAL NET ASSETS - 100.0%			$	222,551,105

Percentages are stated as a percent of net assets.

PLC - Public Limited Company

SA - Sociedad Anónima

(a)	Non-income producing security.
(b)	The rate shown is the effective yield.

The Global Industry Classification Standard (GICS^®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor Financial Services LLC ("S&P").  GICS^® is a service mark of MSCI, Inc. and S&P and has been licensed for use by the Fund's Administrator, U.S. Bancorp Fund Services, LLC.

 Schedule of Open Futures Contracts

January 31, 2024 (Unaudited)

Description	Number of Contracts		Expiration Date	Notional Value		Value & Unrealized Appreciation (Depreciation)
S&P 500 Annual Dividend Futures Index		579	12/20/2024	$	10,335,150	$	670,870
S&P 500 Annual Dividend Futures Index		579	12/19/2025		10,400,288		936,227
S&P 500 Annual Dividend Futures Index		579	12/18/2026		10,284,487		70,777
						$	1,677,874

Summary of Fair Value Disclosure at January 31, 2024 (Unaudited)

The following is a summary of significant accounting policies consistently followed by the Funds in the preparation of the financial statements. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The Funds are investment companies that follow the accounting and reporting guidelines of Accounting Standards Codification Topic 946 applicable to investment companies.

Securities, including master limited partnerships ("MLPs"), listed on a securities exchange, market or automated quotation system for which quotations are readily available, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded, except for securities listed on Nasdaq Global Market (“Nasdaq”). If, on a particular day, there is no such reported sale, then the most recent quoted bid price will be used. For securities traded on Nasdaq, the Nasdaq Official Closing Price (“NOCP”) will be used. If a Fund holds foreign shares of a security for which there is no reported volume, and there is an actively trading local version of the security, the last quoted sale price of the local security shall be used. Prices denominated in foreign currencies are converted to U.S. dollar equivalents at the current exchange rate.

Investments in other open-end investment companies, including money market funds, are valued at the investment company’s net asset value per share, with the exception of exchange-traded open-end investment companies, which are priced as equity securities described above.

Fixed-income securities are normally valued on the basis of quotes obtained from independent pricing services in accordance with procedures adopted by the Board of Trustees. The independent pricing services may employ methodologies that utilize market transactions (if the security is actively traded), broker-dealer supplied valuations, or matrix pricing. Short-term securities that have maturities of less than 60 days, at the time of purchase, are valued at amortized cost, which, when combined with accrued interest, approximates market value.

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

Foreign currency forward contracts are valued at the current day’s interpolated foreign exchange rate, as calculated using the current day’s spot rate, and the twenty, sixty, ninety, and one-hundred eighty day forward rates provided by an independent source.

Futures contracts are valued at the settlement price on the exchange on which they are principally traded.

Units of Mount Vernon Liquid Assets Portfolio are not traded on an exchange and are valued at the investment company’s NAV per share as provided by its administrator.

Deposit accounts are valued at acquisition cost, which approximates fair value.

The Trust's Valuation Procedures provide for the designation of the Adviser as "Valuation Designee". If no quotation is available from either a pricing service, or one or more brokers or there is reason to question the reliability or accuracy of a quotation supplied, securities are valued at fair value as determined in good faith, by the Valuation Designee pursuant to procedures established by the Funds' Board of Trustees (the "Board").

As described above, the Funds utilize various methods to measure the fair value of their investments on a recurring basis. GAAP establishes a hierarchy that prioritizes inputs to valuations methods. The three levels of inputs are:

Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have the ability to access.

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

Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Funds’ own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

The following is a summary of the inputs used to value the Fund's investments as of January 31, 2024:

Description	Level 1	Level 2	Level 3	Investments Measured at Net Asset Value	Total
Common Stocks	$     186,463,425	$                       -	$           -	$                 -	$     186,463,425
Real Estate Investment Trusts	4,212,975	-	-	-	4,212,975
U.S. Treasury Obligations	-	20,741,476	-	-	20,741,476
Short Term Investments	-	4,476,979	-	-	4,476,979
Total Investments in Securities	$     190,676,400	$      20,741,476	$           -	$                 -	$     215,894,855
Other Financial Instruments *
Futures Contracts	$         1,677,874	$                      -	$           -	$                 -	$         1,677,874
Total	$         1,677,874	$                      -	$           -	$                 -	$         1,677,874

* Other Financial Instruments are derivative instruments not reflected in the Schedule of Investments, such as future contracts which are reflected at the unrealized appreciation on the instruments.

Refer to the Schedule of Investments for industry classifications.