PSMJPacer Swan SOS Moderate (July) ETF
Seeks to provide investors with returns that match the performance of the Underlying ETF, subject to a cap and buffer.
By Pacer · Launched 2021
0.49%
#2,473 of 5,854 · average
$91M
#3,083 of 5,854 · mid-size
+10.7%
5 years
#2,362 of 5,854 · seasoned
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 weightConcentration
Top 5 holdings = 100.0% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide investors with returns that match the performance of the Underlying ETF, subject to a cap and buffer.
- Strategy
- Actively manages a structured outcome strategy using FLEX Options to provide a buffer against the first 15% of Underlying ETF losses while capping upside returns. The Fund's performance is linked to the Underlying ETF, aiming for flat returns if the ETF declines up to 15%.
- Inception date
- June 30, 2021
- 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
What's next?
You've looked at PSMJ. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.
Data updated on 2026-08-03