[SCHEDULE 13G/A] TRUIST FINANCIAL CORP SEC Filing

Rhea-AI Filing Summary

Truist Financial Corporation filed an amended Schedule 13G reporting beneficial ownership of 209,320 shares of an Exchange Traded Fund issued by Pacer Funds Trust (CUSIP 69374H238), representing 29.9% of the class as of 09/30/2025. The filing shows Truist has sole dispositive power over the 209,320 shares but no voting power, and certifies the holdings are held in the ordinary course of business and not to influence control. The statement is signed by a Truist Vice President on 10/06/2025.

Positive

• Clear disclosure of a material economic stake: 209,320 shares representing 29.9% provides transparency for investors.
• Compliance with passive investor rules: Certification states holdings are held in the ordinary course of business and not to influence control.

Negative

• High concentration: 29.9% of the class is large and could affect market liquidity if disposed.
• No voting power reported: Economic ownership without voting authority limits direct governance influence.

Insights

Corporate Governance Analyst

Truist holds a large economic stake but reports no voting control.

Holding 29.9% of the ETF's outstanding class gives Truist meaningful economic exposure while the filing records 0 voting power, indicating the position is managed for disposition or client exposure rather than governance influence. The distinction between dispositive and voting power matters because economic ownership does not automatically translate to board or control rights.

Risks include concentration-related market impact if Truist decides to dispose a large portion; watch for any subsequent filings that change voting authority or disclose a shift in intent within the next few reporting periods.

Regulatory Filings Specialist

The Schedule 13G/A appears procedural and compliant with passive investment reporting rules.

The amendment records the reporter as a parent holding company filing on behalf of an affiliated registered investment adviser and includes the certification that the securities are held in the ordinary course of business and not to influence control. That classification aligns with filing under the passive investor provisions rather than active acquisition rules.

Monitor future amendments for changes in percent ownership or any transition to a Schedule 13D, which would indicate a change from passive to active intent and require different disclosure 09/30/2025-forward.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Pacer Funds Trust

(Name of Issuer)

Exchange Traded Fund

(Title of Class of Securities)

69374H238

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 69374H238

1

Names of Reporting Persons

TRUIST FINANCIAL CORP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NORTH CAROLINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 209,320.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

209,320.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

29.9 %

12

Type of Reporting Person (See Instructions)

IA, HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Pacer Funds Trust
(b)	Address of issuer's principal executive offices: 500 CHESTERFIELD PARKWAY, 500 CHESTERFIELD PARKWAY, MALVERN, PENNSYLVANIA, 19355.
Item 2.
(a)	Name of person filing: Truist Financial Corporation as Parent Holding Company for Truist Advisory Services, Inc. an affiliated Registered Investment Advisor
(b)	Address or principal business office or, if none, residence: 214 North Tryon Street Charlotte, NC 28202
(c)	Citizenship: Truist Financial Corporation is a North Carolina Corporation; Truist Advisory Services, Inc. is a Delaware Corporation
(d)	Title of class of securities: Exchange Traded Fund
(e)	CUSIP No.: 69374H238
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 209320
(b)	Percent of class: 29.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 209320
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

TRUIST FINANCIAL CORP

Signature:	Edward M. Kwiatkowski
Name/Title:	Vice President
Date:	10/06/2025

FAQ

What stake does Truist Financial (TFC) report in the Pacer Funds Trust ETF?

Truist reports beneficial ownership of 209,320 shares, equal to 29.9% of the class.

Does Truist (TFC) have voting control over the reported shares?

No. The filing shows 0 sole voting power and 0 shared voting power over the 209,320 shares.

Was this filing made under passive investor rules or as an active intent disclosure?

The filing is presented as a Schedule 13G/A with a certification that the holdings are held in the ordinary course of business and not to influence control, consistent with passive investor treatment.

Who signed the Schedule 13G/A for Truist and when?

The filing is signed by Edward M. Kwiatkowski, Vice President, on 10/06/2025.

Which CUSIP and reporting date are shown in the filing?

The CUSIP is 69374H238 and the date requiring filing is 09/30/2025.