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MSEPPacer Swan SOS Moderate (September) ETF

Stay safeGrow my money

Seeks to provide investors with returns that match those of the SPDR S&P 500 ETF Trust up to a predetermined upside cap of 3.81% and a buffer against the first 15% of Underlying ETF losses.

Annual Cost

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Fund Size

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Dividend YieldGoal

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Track Record

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Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Structured outcome

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 3.81% and a buffer against the first 15% of Underlying ETF losses.
Strategy
Actively managed ETF that invests substantially all assets in FLEX Options referencing the SPDR S&P 500 ETF Trust. Provides a buffer against the first 15% of losses and caps returns at 3.81%.

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 2026-06-15