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PSFMPacer Swan SOS Flex (April) ETF

Grow my money5y track recordRanked #2,082 of 2,960 in this goal

Seeks to match returns of SPDR S&P 500 ETF Trust up to a 13.95% cap while providing a 20% buffer against losses.

By Pacer · Launched 2021

Annual Cost

0.49%

#2,404 of 5,562 · average

Fund Size

$24M

#4,217 of 5,562 · small

Return (1Y)Goal

+17.5%

Track Record

5 years

#2,345 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,724+17.2%

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 6 holdings = 100.0% of fundconcentrated

N/A
109.8%
N/A
0.9%
U.S. Bank Money Market Deposit AccountUSBFS03
0.8%
N/A
0.1%
N/A
-0.6%
N/A
-11.0%

Asset allocation

Stocks
192.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
4.1%Low

Year-on-year price swings

Max drawdown
-14.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.99Decent risk-adjusted returns
Sortino (3Y)
1.45Good downside protection

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to match returns of SPDR S&P 500 ETF Trust up to a 13.95% cap while providing a 20% buffer against losses.
Strategy
Invests primarily in FLEX Options referencing the SPDR S&P 500 ETF Trust to implement a structured outcome strategy. Aims for upside participation up to the cap and provides a buffer against the first 20% of losses, with benefits declining for losses between 20% and 40%.
Inception date
March 31, 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