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PSFM

GradeBChicago Board Options Exchange

Pacer Swan SOS Flex (April) ETF

Buffered · Pacer · Inception 2021-03-30 · SEC filings

$35.73−0.06 (−0.17%)

As of Sep 23, 2026, 1:06 PM EDT

History starts Nov 1, 2021.
Intraday session: down, 21 prints from 35.79 to 35.73. Range 35.73 to 35.79. Use the arrow keys to read each point.$35.74$35.76$35.7810 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$26M
1Y return
+14.8%
Yield · Last 12 months
—
Holdings
7
Volume · 30D
0M sh
NAV per share
$35.78
52W range
low $31.03high $35.79

The ETF.net PSFM Grade

B

55/ 100

Rank 6 of 24 in S&P 500 Buffer 20%⁠

Confidence Medium

Six-pillar profile for PSFM. Scores out of 100: Cost 85, Risk 49, Mission not scored, Tradability 7, Holdings not scored, Durability 52. Strongest: Cost (85). Weakest: Tradability (7). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 85
    Category rank7/24 · top 29%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 49
    Category rank12/22 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 7
    Category rank23/24 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 52
    Category rank15/24 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on PSFM

ETF.net Research

BA one-year hedge on the S&P 500, reset every April: PSFM buffers the first 20% of the SPDR S&P 500 ETF Trust's losses and gives up gains above a cap set at each period's start. At 0.49%, it undercuts most 20%-buffer rivals.

Stated mandate

The Fund seeks to match the SPDR S&P 500 ETF Trust’s return before fees and expenses, subject to a predetermined upside cap, while providing a downside-loss buffer over approximately one year.

Why people hold it

  1. 01Charges 0.49% a year against a 0.74% median for its 20%-buffer peer group, matching the cheapest fee in the Pacer Swan lineup and undercutting rivals like APRW and JUNW at 0.74%.
  2. 02The 20% buffer is deep for the category: it absorbs the first fifth of a decline in the SPDR S&P 500 ETF Trust over the roughly one-year outcome period, before fees and expenses.paceretfs.com
  3. 03Top-quartile standing in its deep-buffer cohort, and April is one of several Pacer Swan start months (PSFJ runs July), so entry dates can be staggered across the calendar.paceretfs.com

Worth knowing

  1. 01Upside is capped, and the cap is set fresh at the start of each April period, so the ceiling for a given year is not known in advance and changes from period to period.paceretfs.com
  2. 02Buffer and cap are designed to work over the full outcome period. Mid-period buyers get a different effective cap and remaining buffer than the headline terms.paceretfs.com
  3. 03One of the smaller, more thinly traded funds in its category, so spreads can run wider than at the largest buffer shops, and income is not part of the design.

PSFM Holdings

As of Sep 16, 2026, 3:19 PM
Asset class
Stocks
Holdings
7
Top-10 weight
107%
Largest holding
SPY 03/31/2027 7.28 C105.1%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SPY 03/31/2027 7.28 C105.11%363$27M1
002—SPY 03/31/2027 650.34 P1.31%363$338K2
003—U.S. Bank Money Market Deposit Account 06/01/20310.46%118,982$119K100
004—SPY 03/31/2027 390.2 P0.16%363$42K1

Showing 1–4 of 4 holdings

PSFM Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PSFM$11,484
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. PSFM $11,484. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PSFM. Periods over one year show the average yearly return.
PeriodPSFM
Year to date+12.4%
1 month+0.9%
3 months+3.0%
1 year+14.8%
3 years+14.1%per year
5 yearsHistory unavailable—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PSFM
YearReturn barPSFM
2026 YTD+12.4%
2025+7.3%
2024+14.2%
2023+18.3%
2022−5.2%
2021+1.9%

History from Nov 1, 2021

PSFM in the news

ETF.net Research hasn’t filed on PSFM yet — coverage lands here as it’s written.

PSFM Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

PSFM Risk

How much the fund’s monthly returns vary, scaled to a year.
7.4%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.07
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−14.3%
58 months · trough Jun 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.52
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

PSFM Cost

Expense ratio0.49%
  • The middle half of S&P 500 Buffer 20% funds
  • Median 0.74%

No S&P 500 Buffer 20% fund charges less.

PSFM costs $49.00 a year on $10,000. The median S&P 500 Buffer 20% fund costs $74.00.