---
ticker: "PBSC"
name: "Pacer Barings Secured Credit Flex ETF"
url: "https://etf.net/etf/PBSC"
grade: "C"
score: 41
graded_at: "2026-10-12"
category: "International High Yield Bond"
category_rank: "10 of 13"
methodology: "https://etf.net/methodology"
---

# PBSC: Pacer Barings Secured Credit Flex ETF

Grade **C**, Score 41 of 100. Rank 10 of 13 in International High Yield Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 34 | 8 of 13 |
| Mission | Not scored | — |
| Risk | 59 | 5 of 13 |
| Tradability | 40 | 7 of 13 |
| Holdings | 36 | 10 of 13 |
| Durability | 47 | 8 of 13 |

## Top holdings

The fund holds 289 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | U.S. Bank Money Market Deposit Account 06/01/2031 | 2.74% |
| 2 | — | 1261229 BC Ltd 10% 04/15/2032 | 1.34% |
| 3 | — | Benefit Street Partners CLO XII-B Ltd 9.205% 10/15/2039 | 1.25% |
| 4 | — | Anchorage Capital Clo 32 Ltd 10.4144% 07/15/2039 | 1.24% |
| 5 | — | Canyon CLO 2023-2 Ltd 10.03% 07/15/2039 | 1.00% |
| 6 | — | CIFC Funding 2024-III Ltd 9.06% 07/21/2039 | 1.00% |
| 7 | — | GoldentTree Loan Management US CLO 1 Ltd 8.9291% 07/20/2040 | 1.00% |
| 8 | — | Battalion CLO XXIV Ltd 5.763% 07/14/2039 | 1.00% |
| 9 | — | Benefit Street Partners CLO XII-B Ltd 6.305% 10/15/2039 | 1.00% |
| 10 | — | OCP CLO 2025-48 Ltd 6.2029% 12/15/2038 | 1.00% |
| 11 | — | Benefit Street Partners CLO XIV Ltd 7.8988% 10/20/2039 | 0.99% |
| 12 | — | Carlyle US CLO 2022-4 Ltd 8.1482% 10/25/2039 | 0.99% |
| 13 | — | Carrix Inc 6.125% 08/01/2033 | 0.98% |
| 14 | — | HLF Financing Sarl LLC / Herbalife International Inc 7.75% 05/01/2033 | 0.97% |
| 15 | — | Service Properties Trust 8.625% 11/15/2031 | 0.96% |
| 16 | — | Time Warner Cable Enterprises LLC 8.375% 07/15/2033 | 0.96% |
| 17 | — | Invesco US CLO 2026-1 Ltd 5.6563% 04/15/2039 | 0.95% |
| 18 | — | CQP Holdco LP / BIP-V Chinook Holdco LLC 5.5% 06/15/2031 | 0.94% |
| 19 | — | LifePoint Health Inc 8.375% 02/15/2032 | 0.77% |
| 20 | — | GoldentTree Loan Management US CLO 1 Ltd 7.7291% 07/20/2040 | 0.75% |
| 21 | — | Anchorage Capital Clo 11 Ltd 10.5559% 07/22/2039 | 0.75% |
| 22 | — | Kennedy Lewis CLO 21 Ltd 5.1602% 07/25/2038 | 0.75% |
| 23 | — | Honey Hill Park CLO Ltd 6.1695% 04/24/2039 | 0.75% |
| 24 | — | Eldridge CLO 2026-4 Ltd 4.9667% 07/23/2039 | 0.75% |
| 25 | — | Voya CLO 2024-2 Ltd 7.842% 07/20/2039 | 0.75% |
| 26 | — | LifePoint Health Inc 7% 05/01/2034 | 0.73% |
| 27 | — | OAK-Eagle Acquireco Inc 7.25% 07/01/2033 | 0.72% |
| 28 | — | Mauser Packaging Solutions Holding Co 9.25% 04/15/2030 | 0.72% |
| 29 | — | Birch Grove CLO 7 Ltd 7.5292% 10/20/2038 | 0.72% |
| 30 | — | Sinclair Television Group Inc 8.125% 02/15/2033 | 0.70% |

Source: etf.net, https://etf.net/etf/PBSC. Please cite the page URL.