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MFEBPacer Swan SOS Moderate (February) ETF

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Seeks to provide investors with returns that match those of the SPDR S&P 500 ETF Trust up to a predetermined upside cap of 9.51% and a buffer against the first 15% of losses.

Annual Cost

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Fund Size

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Return (1Y)Goal

N/A

Track Record

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Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Structured outcome

Index tracked

S&P 500 Index

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide investors with returns that match those of the SPDR S&P 500 ETF Trust up to a predetermined upside cap of 9.51% and a buffer against the first 15% of losses.
Strategy
Invests primarily in FLEX Options referencing the SPDR S&P 500 ETF Trust to implement a structured outcome strategy. Seeks to provide a buffer against the first 15% of losses and upside participation up to a cap of 9.51%.

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

Buffer ETF — downside protection at a cost

Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.

Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)

Why we flagged this: strategy=structured_outcome + structured_outcome_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-20