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PSMD

GradeBChicago Board Options Exchange

Pacer Swan SOS Moderate (January) ETF

Buffered · Pacer · Inception 2020-12-21

$35.03+0.14 (+0.42%)

As of Sep 17, 2026, 3:59 PM EDT

Intraday session: up, 7 prints from 34.88 to 35.03. Range 34.99 to 35.03. Use the arrow keys to read each point.$34.99$35.00$35.01$35.0210 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$94M
1Y return
+11.2%
Yield · Last 12 months
0.00%
Holdings
6
Volume · 30D
0M sh
NAV per share
$34.96
52W range
low $30.84high $35.13

The ETF.net PSMD Grade

B

56/ 100

Rank 11 of 61 in S&P 500 Buffer 15%⁠

Confidence Medium

Six-pillar profile for PSMD. Scores out of 100: Cost 70, Risk 50, Mission not scored, Tradability 29, Holdings not scored, Durability 72. Strongest: Durability (72). Weakest: Tradability (29). 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 70
    Category rank21/61 · top 34%

  • 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 50
    Category rank37/57 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 29
    Category rank44/61 · mid-pack

  • 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.
    AScore 72
    Category rank22/61 · top 36%

Graded as of Sep 17, 2026 · Based on 4 of 6 pillars

Our read on PSMD

ETF.net Research

BA one-year seatbelt on the S&P 500. PSMD tracks the big SPDR S&P 500 fund, absorbs the first 15% of its losses over each roughly one-year period, and gives up gains above a cap reset every January, all at well under the usual buffer-fund price.

Stated mandate

The fund seeks to track the SPDR S&P 500 ETF Trust up to a stated upside cap while protecting against the first 15% of losses during an approximately one-year outcome period.

Why people hold it

  1. 010.49% a year against a 0.79% median in its buffer cohort. In defined-outcome funds the fee is paid out of your cap, so a cheaper wrapper leaves more headroom.
  2. 02The bargain is explicit and written down: first 15 percentage points of reference-ETF losses absorbed, upside surrendered above a stated cap, one outcome period at a time.
  3. 03Part of a staggered Pacer Swan series (PSMJ, PSMO, PSMR share the 0.49% fee) with different start months, so an investor can pick a reset date or ladder across several.
  4. 04Sits in the upper half of a crowded 15%-buffer peer group, mostly on price: it does the same job as the 0.79% names for roughly a third less.

Worth knowing

  1. 01Thinly traded with a modest asset base, so spreads can run wider than at the household names in buffer land.
  2. 02The cap and buffer are set for the full period starting in January. Buy partway through and the protection and headroom you actually get differ from the headline terms.
  3. 03Not an income vehicle: it has not been paying distributions, so the entire outcome shows up in the share price.

PSMD Holdings

As of Sep 18, 2026, 3:00 AM
Asset class
Stocks
Holdings
6
Top-10 weight
104%
Largest holding
SPY 12/31/2026 7.57 C102.2%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SPY 12/31/2026 7.57 C102.24%1,293$97M—
002—SPY 12/31/2026 681.99 P0.97%1,293$920K—
003—U.S. Bank Money Market Deposit Account 06/01/20310.29%271,110$271K—

Showing 1–3 of 3 holdings

PSMD Performance

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

PSMD$11,117
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,697
Sep 17, 2025 to Sep 17, 2026. PSMD $11,117. SPY $11,697. Use the arrow keys to read each point.$9,488$10,800$12,112Sep 2025Mar 2026Sep 2026

Sep 17, 2025 – Sep 17, 2026

Returns run to the Sep 17, 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 PSMD. Periods over one year show the average yearly return.
PeriodPSMD
Year to date+7.9%
1 month+0.2%
3 months+2.8%
1 year+11.2%
3 years+12.2%per year
5 years+9.4%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 PSMD
YearReturn barPSMD
2026 YTD+7.9%
2025+11.5%
2024+12.8%
2023+17.5%
2022−4.5%
2021+11.2%
2020+1.0%

History from Dec 23, 2020

PSMD in the news

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

PSMD Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 17, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Through Sep 17, 2026

One bar per payment. 1 payment in 2021. Dec 23, 2021 $0.11. Use the arrow keys to read each point.2021
Ex-datePay dateAmount per share
Dec 23, 2021Dec 30, 2021$0.11

PSMD Risk

How much the fund’s monthly returns vary, scaled to a year.
6.4%
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.
1.12
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.
−12.0%
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.
0.47
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.

PSMD Cost

Expense Ratio
0.49%