MMAYPacer Swan SOS Moderate (May) ETF
Seeks to provide upside participation with a cap based on the performance of the SPDR S&P 500 ETF Trust.
By Pacer · Launched 2026
0.49%
#2,474 of 5,853 · average
$2M
#5,439 of 5,853 · small
N/A
4 months
#5,399 of 5,853 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightAsset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide upside participation with a cap based on the performance of the SPDR S&P 500 ETF Trust.
- Strategy
- Actively manages a structured outcome strategy using FLEX Options referencing the SPDR S&P 500 ETF Trust. Aims for upside participation capped at a predetermined level while providing a buffer against losses up to 15%.
- Inception date
- April 30, 2026
- Fund family
- Pacer
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can build this cheaper yourself
Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.
Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)
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 2026-08-02