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Launched · SEC filings

Pacer Swan SOS Flex (April) ETF

PSFMCboePacerB

$35.69−0.06 (−0.15%)

As of Nov 2, 2026, 3:57 PM ET

B58/ 100

Rank 5 of 24 in S&P 500 Buffer 20%

B58/100Rank 5 of 24inS&P 500 Buffer 20%
Intraday session: down, 77 prints from 35.74 to 35.69. Range 35.69 to 35.83. Use the arrow keys to read each point.35.7735.8035.8310 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$26M
1Y total return
+13.9%
Yield · Last 12 months
No data
Holdings
4
Avg volume · 30D
234 sh
52W range
low $31.04high $36.02
Launched
Filings
SEC EDGAR

The ETF.net PSFM Grade

Based on 4 of 6 pillars

B

Score 58 out of 100

Category
S&P 500 Buffer 20%⁠
Rank
5 of 24
Six-pillar profile for PSFM. Scores out of 100: Cost 85, Risk 51, Mission not scored, Tradability 18, Holdings not scored, Durability 50. Strongest: Cost (85). Weakest: Tradability (18). Based on 4 of 6 pillars.

Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A85 out of 100
    Rank 1 of 24

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C51 out of 100
    Rank 9 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F18 out of 100
    Rank 23 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C50 out of 100
    Rank 16 of 24

Our read on PSFM

ETF.net Research

In short

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

  • Charges 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%.
  • The 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
  • Top-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

  • Upside 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
  • Buffer 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
  • One 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 Performance

Launched Mar 31, 2021

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

Not enough history yet.Not enough history yet.
PSFM$11,389
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PSFM $11,389. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+12.3%
1 month+0.1%
3 months+1.9%
1 year+13.9%
3 yearsper year+14.7%
5 yearsHistory unavailableper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+12.3%
2025+7.3%
2024+14.2%
2023+18.3%
2022−5.2%
2021+1.9%

History from Nov 1, 2021

PSFM in the news

PSFM Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

PSFM Risk

Risk pillarC51 out of 100Rank 9 of 23 in S&P 500 Buffer 20%
How much the fund’s monthly returns vary, scaled to a year.
6.9%
Annualised · 36 months to Oct 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.
1.39
vs 3-month T-bills · to Oct 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%
59 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.
0.51
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.

FMP measures it over up to five years of monthly returns.

PSFM Cost

Tied cheapest in S&P 500 Buffer 20%

$9,792

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PSFM 0.49%

    $9,792

$10,000
30 years

Cost over time

  • PSFM 0.49%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530PSFM $9,792

Year by year

YearPSFM
10$883
20$3,394
30$9,792

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