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PSCQPacer Swan SOS Conservative (October) ETF

Stay safeGrow my money4y track recordRanked #151 of 340 in this goal

Seeks returns matching the SPDR S&P 500 ETF Trust up to a cap of 11.00% (after fees), with a buffer against losses between 5% and 30% over a one-year Investment Period.

By Pacer · Launched 2021

Annual Cost

0.49%

#2,404 of 5,562 · average

Fund Size

$48M

#3,597 of 5,562 · mid-size

Dividend YieldGoal

0.00%

Track Record

4 years

#2,501 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,468+14.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 5 holdings = 100.0% of fundconcentrated

N/A
100.2%
N/A
3.7%
U.S. Bank Money Market Deposit AccountUSBFS03
0.6%
N/A
-0.9%
N/A
-3.6%

Asset allocation

Stocks
192.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
5.9%Low

Year-on-year price swings

Max drawdown
-9.9%Mild

Worst peak-to-trough loss

Sharpe (3Y)
1.19Strong risk-adjusted returns
Sortino (3Y)
1.77Good downside protection

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks returns matching the SPDR S&P 500 ETF Trust up to a cap of 11.00% (after fees), with a buffer against losses between 5% and 30% over a one-year Investment Period.
Strategy
Actively managed defined-outcome ETF that invests substantially all assets in FLEX Options referencing the SPDR S&P 500 ETF Trust (SPY). Over each one-year Investment Period (current: October 1, 2025 to September 30, 2026), seeks SPY upside participation capped at 11.00% after fees, with a buffer absorbing SPY losses from 5% to 30% (investor bears the first 5% and any losses beyond 30%). Resets annually with a new cap.
Inception date
September 30, 2021
Fund family
Pacer

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 2026-06-19