Pacer Data and Digital Revolution ETF

Pacer Data and Digital Revolution ETF (TRFK) is an index fund that holds about 90 global companies earning at least half their revenue from storing, moving or processing data. That group runs from chipmakers to makers of network and cooling equipment. The fund leans heavily on semiconductors: NVIDIA, Broadcom and Micron made up about a quarter of assets as of July 31, 2026. Its 0.49% expense ratio is higher than all eight similar tech funds it was compared with.

• Over the year to Oct 27, 2026, TRFK returned +26.8%, 5th of 9 among similar funds.
• Its worst full calendar year was 2025 (+26.8%); its best was 2023 (+66.6%).
• The deepest fall in its price history was 29.1% (Feb 18, 2025 to Apr 8, 2025), recovered by Jun 16, 2025.

As of Jul 31, 2026, the fund held 94 securities; the ten largest made up 53.03% of assets. It also reported 3.74% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.

By sector

• Over the three months to Jul 31, 2026, investors added a net $308.1M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +25.72%, +4.43%, -16.32%.

TRFK tracks the Pacer Data Transmission and Communication Revolution Index. The index was created in 2022 by Index Design Group, an affiliate of the fund's adviser, Pacer Advisors. To join, a company must earn at least 50% of its revenue from a list of data-related businesses at the time it is added. The list includes semiconductors, storage devices, software, data processing and hosting, cybersecurity and wireless equipment. It also covers the power, cooling and wiring gear that data centers rely on. A company must also be worth at least $1 billion, trade at least $2 million a day on average, and have its main listing on a major exchange. The index provider screens candidates using company filings, analyst reports and trade publications.

Stocks are weighted by free-float market value, meaning the value of shares available to the public, so the largest companies count the most. No stock can exceed 10% of the index. Stocks above 4.5% can't add up to more than 45% combined, and any excess is spread across the smaller holdings. The index adds and drops companies each May and resets weights in February, May, August and November. Between those dates, winning stocks can drift above the caps.

The fund buys every stock in the index. It is non-diversified, which means it can put more money into a few companies. As of June 30, 2026, the index had 90 stocks, 7 of them listed outside the US. The fund uses no leverage, options or derivatives.

• TRFK charges 0.49% a year, versus an average of 0.25% for the similar funds below (9th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $50 in the first year and $616 over 10 years (assuming a 5% annual return).

It is a concentrated, high-volatility bet on chip and data-infrastructure stocks, with almost no income and a short track record.

TRFK's record is short and unusually strong, so it says little about how the fund handles bad markets. It launched in June 2022. Its history doesn't cover the 2008 crisis, the 2020 crash or the 2022 bear market. Its worst full calendar year, 2025, still returned 26.8%. Within that year, though, it fell 29.1% from February 18 to April 8, 2025, and took about 2.3 months to recover. As of October 27, 2026, its one-year beta was 2.33, meaning it tended to move more than twice as much as the overall market. Anyone who has to sell in a slump could lock in steep losses. Income is close to zero: the trailing yield was 0.03%, paid twice a year. Under the SEC's standard $10,000 example, costs come to $616 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.