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Pacer ETFs

PBSC

Pacer Barings Secured Credit Flex ETF

An actively-managed ETF that seeks to provide a high level of current income and preserve capital while selectively seeking capital appreciation by primarily investing in income-producing debt instruments that are secured by collateral.

Strategy Overview

  • Broad, diversified access to the below investment grade credit market.
  • Support loss mitigation via emphasis on secured credit.
  • Flexible fixed vs. floating rate allocation designed to adapt to changing markets.

 

Income Generation

  • Contractual income from high yield bonds and loans with the average coupon ~6-7%1
  • BBB/BB rated CLO debt can provide incremental yield with the average coupon ~7-10%1
 

Credit Loss Protection

  • Focus on senior secured debt that has historically recovered ~15-30%2 above unsecured credit
  • Broad opportunity set with a combined market size of ~$4T1
 

Lower Interest Rate Sensitivity

  • Short-duration profile overall (1-3 years) with ability to shift based on market environment
  • Built to adapt to different rate environments with diversified fixed and floating rate exposure
 

Why Barings?

  • High yield track records stretch  25+ years and 13+ years managing multi-asset high yield products
  • Utilizing reach of Barings' globally integrated credit platform to unlock broader opportunity set

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Source: Barings. For illustrative purposes only.
(1)Sources: ICE BofA BB-B Global High Yield Secured Index, S&P UBS Global Leveraged Loan Index, J.P. Morgan CLOIE Monitor and BofA CLO Factbook. As of April 30, 2026.
(2)Source: Moody’s Annual Default Study based on Ultimate Recoveries. As of February 28, 2025.

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Performance (%)

as of 03/31/2026

Top 10 Holdings (%)

as of 6/30/17

View All Holdings

Daily Holdings

Ticker Holding Weight
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Top Asset Allocation (%)

as of 6/22/2026

To view a sector's breakdown, please select a slice. To return to the total breakdown, select 'Sector Breakdown' below. Please note, the sector table below only shows total sector weights.

Fund Characteristics, Credit Quality Allocation & Asset Allocation

as of 6/22/2026

  Pacer Barings Secured Credit Flex ETF
Effective Duration (Years) -
Average Rating4 -
Number of Issues -
Number of Issuers5 -
Weighted Average Coupon6 (%)
Credit Quality Allocation7 (%)
BBB -
BB -
B -
Not Rated/Other -

Source: Barings

(4) Average Rating excludes equity and unrated assets. Note a AAA equivalent rating is assigned to unrated cash/cash instruments.
(5)Excludes zero par issues.
(6)Market Value weighted average of positions excluding cash and cash equivalents.
(7)Quality ratings reflect the credit quality of the underlying securities in the Fund’s portfolio and not that of the fund itself. Quality ratings are subject to change. Ratings received from S&P®, Moody’s, and/or Fitch and measured on a scale based on average of three ratings, the lower of two ratings, or the single rating if rated by Moody’s, S&P, or Fitch. All ratings are converted to the equivalent S&P major rating category for purposes of the category shown.

Distributions

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Distribution Schedule

Past distributions are not indicative of future distributions.
*Ordinary income is composed mainly of wages, salaries, commissions and interest income from bonds, and it is taxable using ordinary income rates.

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