ETF Evaluator:
Pacer Barings Secured Credit Flex ETF ()
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(as of Aug 26)
Best Performing in Securitized Bond - Focused Over the Last Year
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ETF Details
Pacer Barings Secured Credit Flex ETF Overview
Pacer Barings Secured Credit Flex ETF (PBSC) is an actively managed Taxable Bond Securitized Bond - Focused exchange-traded fund (ETF). Pacer launched the ETF in 2026.
The investment seeks to provide a high level of current income and preserve capital while selectively seeking capital appreciation as a secondary objective when consistent with its primary investment objective.
Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in debt instruments that are secured by collateral. It is non-diversified.
About Pacer Barings Secured Credit Flex ETF (PBSC)
There are 3 members of the management team with an average tenure of 0.11 years: Casey McKinney (2026), Steve Page (2026) and Adam Schauer (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Pacer Barings Secured Credit Flex ETF has 267 securities in its portfolio. The top 10 holdings constitute 10.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Pacer Barings Secured Credit Flex ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Pacer Barings Secured Credit Flex ETF has 17.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 91.1% (73.7% domestic bond, 17.4% foreign bond and 0.0% convertible bond). Pacer Barings Secured Credit Flex ETF has 8.1% of the portfolio in cash.
Assets Under Management
The fund has $85 million in total assets, which is below the $1 billion average for the Securitized Bond - Focused category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PBSC Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Pacer Barings Secured Credit Flex ETF expense ratio is average compared to funds in the Securitized Bond - Focused category. Pacer Barings Secured Credit Flex ETF has an expense ratio of 0.49%, which is 57% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Pacer Barings Secured Credit Flex ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 51% for the Securitized Bond - Focused category.
Recently, in the month of July 2026, Pacer Barings Secured Credit Flex ETF returned 0.2%, which earned it a grade of F, as the Securitized Bond - Focused category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Pacer Barings Secured Credit Flex ETF has a trailing yield of 0.00%, which is below the 5.32% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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PBSC Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PBSC Return (NAV) | 0.2% | na | na | na | na | na |
| PBSC Return (Price) | 0.4% | na | na | na | na | na |
| NAV +/- Price Return | -0.177% | na | na | na | na | na |
| Securitized Bond - Focused Avg | 0.3% | 1.2% | 4.9% | 6.6% | 3.4% | 1.9% |
| PBSC Grade (NAV) | F | na | na | na | na | na |
| +/- Category (NAV) | -0.1% | na | na | na | na | na |
| PBSC Tax-Cost Ratio | na | na | na | na | na | na |
PBSC Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PBSC Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| PBSC Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Securitized Bond - Focused Avg | 2.5% | 5.9% | 7.6% | 9.0% | -3.7% | 0.3% | 5.8% | 7.5% | 0.6% | 3.1% | 3.0% |
| PBSC Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 86 Mil |
| Share Class Assets: | $ 86 Mil |
| Turnover: | na |
| Expense Ratio: | 0.49% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): McKinney Casey (2026), Page Steve (2026), Schauer Adam (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 267 |
| % in Top 10 Holdings: | 10.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 17.4% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 73.7% |
| Foreign Bond: | 17.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.8% |
| Cash: | 8.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Pacer |
| Phone Number: | 800-617-0004 |
| Website: | www.paceretfs.com |
| Inception Date: | June 22, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.49% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.31% |
