PBSC vs SYFI: Grades, Fees and Holdings Compared

Pacer Barings Secured Credit Flex ETF

PBSCDNasdaq

AB Short Duration High Yield ETF

SYFIANYSE Arca

Overlap

No data

Expense ratio

SYFI −0.09pt a year

PBSC0.49%SYFI0.40%

Avg volume · 30D

SYFI 3.8×the volume

PBSC31.2KSYFI117K

PBSC vs SYFI Performance

Jul 31, 2026 – Oct 30, 2026

−0.4%PBSC−0.2%SYFI

Expense ratio: PBSC 0.49%; SYFI 0.40%, better
Fund size: PBSC $108M; SYFI $939M
1Y total return: PBSC No data; SYFI +3.5%
Yield (12M): PBSC No data; SYFI 5.97%
Holdings: PBSC 288; SYFI 566
Avg volume (30D): PBSC 31.2K sh; SYFI 117K sh, better
NAV per share: PBSC $24.63; SYFI $35.00
52W range

ETF.net Grade

Pillar letters and Scores for PBSC, SYFI, with each pillar’s weight
Pillar	PBSC	SYFI
Cost30% weight	D30	A70Higher
Mission25% weight	Not scored	A83
Risk15% weight	B57	A71Higher
Tradability15% weight	D26	A87Higher
Holdings10% weight	D35	C46Higher
Durability5% weight	C47	B69Higher

Rank among International High Yield Bond funds

How we build Categories ›

Same Category. PBSC and SYFI are both graded against the same 13 International High Yield Bond funds, so their Grades compare head to head.

International High Yield Bond⁠

Category · 13 funds

See all 13 ›

SYFI ranks 2nd and PBSC 11th of 13 funds in the International High Yield Bond Category.

Rank 1AHYDBiShares High Yield Systematic Bond ETFScore 81
Rank 2ASYFIAB Short Duration High Yield ETFScore 73
Rank 3BGHYGiShares US & Intl High Yield Corp Bond ETFScore 66
Rank 10CVEMYVirtus Stone Harbor Emerging Markets High Yield Bond ETFScore 43
Rank 11DPBSCPacer Barings Secured Credit Flex ETFScore 36
Rank 12DMHYMan Active High Yield ETFScore 35
RCLONot yet graded

Our read on each fund

ETF.net Research

PBSCDPacer Barings Secured Credit Flex ETF

SYFIAAB Short Duration High Yield ETF

In short

PBSC No data

SYFI A converted mutual fund that takes high yield short: average duration stays under four years, the bonds are picked globally rather than tracked, and the income lands monthly.

Stated mandate

PBSC No data

SYFI The Fund seeks the highest available income without taking what the Adviser views as undue principal risk. It is actively managed and normally invests at least 80% of assets in below-investment-grade debt securities and related derivatives, while maintaining average duration below four years.

Why people hold it

PBSC No data

SYFI Keeps average duration below four years, so rate swings move it less than long-dated bond funds, while the income still comes from below-investment-grade credit.sec.gov
Actively managed and global: roughly 600 positions picked by AB's credit team, not whatever a benchmark index happens to hold that month.
The 0.40% fee sits right at the median for high yield bond ETFs, unusual for an active mandate in a group ruled by index trackers.
Not a startup strategy: it converted from an AB mutual fund in 2024 and kept the predecessor's objective and record. etf.com named it Best New US Fixed Income ETF.alliancebernstein.com sec.gov

Worth knowing

PBSC No data

SYFI Index rivals are far cheaper: SCYB, SPHY and USHY each charge under a tenth of a percent. The 0.40% here buys the active short-duration mandate instead.
Short duration trims rate sensitivity, not credit risk: at least 80% of assets sit in below-investment-grade debt and related derivatives.sec.gov
It has traded on an exchange only since 2024, a shorter market history than the long-running index funds it sits beside.gcs-web.com

Full PBSC profile⁠

Full SYFI profile⁠

PBSC vs SYFI Holdings

As of Oct 23, 2026

How PBSC and SYFI differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile77.7%
Asset classFixed Income100%

Sector

No Sector split for PBSC and SYFI.

Country, concentration and asset class

Country by domicile

Country weights in PBSC and SYFI, widest gap first
Country	More in PBSCMore in SYFI	PBSC	SYFI
Cayman Islands	PBSC +20.4 points	22.3%	1.9%
United States	SYFI +10.6 points	68.9%	79.5%
United Kingdom	SYFI +2.2 points	1.4%	3.6%
Ireland	SYFI +1.9 points	0.4%	2.3%
Italy	SYFI +1.8 points	0.0%	1.8%
France	SYFI +1.4 points	0.0%	1.4%
Japan	SYFI +1.3 points	0.0%	1.3%
Canada	PBSC +1.2 points	5.1%	3.9%
Other countries (15)	SYFI +2.3 points	2.0%	4.3%

Outside the US: PBSC 28% developed, 72% emerging.

Concentration

Weight in the 10 largest Holdings

PBSC14.2%
SYFI12.6%

Securities held

PBSC287
SYFI560

Asset class

PBSC: Fixed Income
SYFI: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. PBSC holds 287 securities, SYFI 560.

All 297 PBSC holdings⁠All 557 SYFI holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PBSC vs SYFI Cost

Overpaying PBSC vs SYFI

$1,702

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

PBSC 0.49%
$9,792
SYFI 0.40%
$8,090

Amount$10,000

Years30 years

Cost over time

PBSC 0.49%
SYFI 0.40%
Overpaying

Year by year

Year	PBSC	SYFI	Overpaying
10	$883	$723	$160
20	$3,394	$2,793	$601
30	$9,792	$8,090	$1,702

Expense ratio

0.49%PBSC
0.40%SYFI, cheaper

SYFI0.40%PBSC0.49%

0.35%0.69%

Middle half of International High Yield Bond funds
Median 0.46%

SYFI 3rd cheapest of 13 funds

PBSC 8th cheapest of 13 funds

PBSC vs SYFI Dividends

Last 12 months to Oct 30, 2026

Yield (12M): PBSC No data; SYFI 5.97%
Payout (12M): PBSC No data; SYFI $2.10
Last payment: PBSC $0.13; SYFI $0.16
Ex-dividend: PBSC Oct 30, 2026; SYFI Oct 1, 2026
Paid on: PBSC Pays Nov 2, 2026; SYFI Oct 6, 2026
Frequency: PBSC Monthly; SYFI Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

PBSCMonthly · 4 paymentsAll PBSC payments⁠

SYFIMonthly · 28 paymentsAll SYFI payments⁠

PBSC vs SYFI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: PBSC No dataSYFI 2.8%since Jul 2024
Return per unit of riskSharpe ratio, 3 years: PBSC No dataSYFI 0.64since Jul 2024
Worst fallMax drawdown, 5 years: PBSC No dataSYFI −4.5%since Jun 2024
Market sensitivityBeta, 5 years: PBSC 0.09SYFI 0.45; Market = 1

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