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PSFO

GradeBChicago Board Options Exchange

Pacer Swan SOS Flex (October) ETF

Buffered · Pacer · Inception 2021-09-29 · SEC filings

$35.91+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Oct 1, 2021.
Intraday session: up, 10 prints from 35.44 to 35.91. Range 35.44 to 35.91. Use the arrow keys to read each point.$35.40$35.60$35.80Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.49%
Fund size
$39M
1Y return
+13.2%
Yield · Last 12 months
—
Holdings
7
Volume · 30D
0M sh
NAV per share
$35.85
52W range
low $31.09high $35.86

The ETF.net PSFO Grade

B

56/ 100

Rank 5 of 24 in S&P 500 Buffer 20%⁠

Confidence Medium

Six-pillar profile for PSFO. Scores out of 100: Cost 85, Risk 28, Mission not scored, Tradability 26, Holdings not scored, Durability 60. Strongest: Cost (85). Weakest: Tradability (26). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 56 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 rank8/24 · top 33%

  • 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.
    DScore 28
    Category rank22/22 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 26
    Category rank20/24 · 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.
    BScore 60
    Category rank9/24 · top 38%

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

Our read on PSFO

ETF.net Research

BPacer's October-dated buffer fund absorbs the first 20% of an S&P 500 drop over each 12-month period, in exchange for a ceiling on the upside. At 0.49%, it charges less than the typical fund in its buffer peer group.

Stated mandate

The fund seeks to match the pre-fee and pre-expense returns of the SPDR S&P 500 ETF Trust.

Why people hold it

  1. 010.49% a year, below the median fee in its S&P 500 buffer cohort and well under peers like PMAY (0.79%) and BUFZ (0.95%).
  2. 02Built to absorb the first 20% of a decline in the SPDR S&P 500 ETF Trust (SPY) over each outcome period before the fund itself starts taking losses.
  3. 03A 1940 Act ETF holding its own option package, not a bank-issued note, so no third-party credit sits between you and the payoff. Running since 2021.
  4. 04Rates in the upper tier of a two-dozen-fund group of S&P 500 buffer strategies, largely on price.

Worth knowing

  1. 01The price of the cushion: gains stop at a cap fixed at the start of each period, and the fund hasn't been an income payer.
  2. 02Buffer and cap are engineered for the full October 1 to September 30 stretch. Buy mid-period and your real cushion and ceiling differ from the headline terms.
  3. 03Small asset base and light trading, which usually means wider spreads and more attention needed on how orders get entered.

PSFO Holdings

As of Sep 16, 2026, 3:19 PM
Asset class
Stocks
Holdings
7
Top-10 weight
101%
Largest holding
2SPY US 09/30/26 C7.46 FLX100.7%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2SPY US 09/30/26 C7.46 FLX100.65%513$38M1
002—U.S. Bank Money Market Deposit Account 06/01/20310.42%160,381$160K100
003—2SPY US 09/30/26 P666.18 FLX0.05%513$20K1
004—2SPY US 09/30/26 P399.71 FLX<0.01%513$6461

Showing 1–4 of 4 holdings

PSFO Performance

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

PSFO$11,325
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. PSFO $11,325. 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 PSFO. Periods over one year show the average yearly return.
PeriodPSFO
Year to date+10.8%
1 month+1.4%
3 months+4.0%
1 year+13.2%
3 years+13.9%per year
5 yearsFund is under 5 years old—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 PSFO
YearReturn barPSFO
2026 YTD+10.8%
2025+12.9%
2024+10.8%
2023+20.0%
2022−0.3%
2021+4.8%

History from Oct 1, 2021

PSFO in the news

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

PSFO Dividends

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

No distributions in the last 12 months.

PSFO 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.
1.01
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.
−12.1%
59 months · trough Apr 2025
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.
0.50
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.

PSFO 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.

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