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Beacon

PSCXPacer Swan SOS Conservative (January) ETF

Grow my money5y track recordRanked #1,854 of 2,960 in this goal

Seeks to provide returns with a buffer against a pre-determined percentage of losses from the Underlying ETF.

By Pacer · Launched 2020

Annual Cost

0.49%

#2,404 of 5,562 · average

Fund Size

$47M

#3,615 of 5,562 · mid-size

Return (1Y)Goal

+15.5%

Track Record

5 years

#2,264 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,546+15.5%

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
104.8%
U.S. Bank Money Market Deposit AccountUSBFS03
0.6%
N/A
0.2%
N/A
-0.0%
N/A
-5.5%

Asset allocation

Stocks
194.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
5.6%Low

Year-on-year price swings

Max drawdown
-10.2%Mild

Worst peak-to-trough loss

Sharpe (3Y)
1.18Strong risk-adjusted returns
Sortino (3Y)
1.74Good downside protection

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide returns with a buffer against a pre-determined percentage of losses from the Underlying ETF.
Strategy
Invests primarily in FLEX Options referencing the SPDR S&P 500 ETF Trust to implement a structured outcome strategy. Aims to limit losses while capping upside returns, with characteristics distinct from traditional investment products.
Inception date
December 22, 2020
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