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Launched · SEC filings

Pacer Swan SOS Moderate (July) ETF

PSMJCboePacerB

$34.28−0.09 (−0.25%)

As of Nov 2, 2026, 3:58 PM ET

B59/ 100

Rank 9 of 61 in S&P 500 Buffer 15%

B59/100Rank 9 of 61inS&P 500 Buffer 15%
Intraday session: down, 79 prints from 34.37 to 34.28. Range 34.28 to 34.56. Use the arrow keys to read each point.34.4534.5034.5510 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$108M
1Y total return
+8.2%
Yield · Last 12 months
0.00%
Holdings
3
Avg volume · 30D
6.64K sh
52W range
low $31.27high $34.90
Launched
Filings
SEC EDGAR

The ETF.net PSMJ Grade

Based on 4 of 6 pillars

B

Score 59 out of 100

Category
S&P 500 Buffer 15%⁠
Rank
9 of 61
Six-pillar profile for PSMJ. Scores out of 100: Cost 70, Risk 46, Mission not scored, Tradability 50, Holdings not scored, Durability 63. Strongest: Cost (70). Weakest: Risk (46). Based on 4 of 6 pillars.

Score 59 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.
    A70 out of 100
    Rank 14 of 61

  • 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.
    C46 out of 100
    Rank 45 of 60

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C50 out of 100
    Rank 34 of 61

  • 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.
    B63 out of 100
    Rank 29 of 61

Our read on PSMJ

ETF.net Research

In short

BPacer's July-dated stop on the Swan SOS ladder: FLEX options on SPY that buffer the first 15% of a fall over a roughly one-year period, with upside capped in return. At 0.49%, it undercuts most of the buffer aisle.

Stated mandate

The Fund seeks to track the returns of the SPDR S&P 500 ETF Trust up to a predetermined cap while providing a downside buffer over an approximately one-year period.

Why people hold it

  • Charges 0.49% a year against a 0.79% median for its buffered-SPY cohort, the same 0.79% Innovator's Power Buffer funds (PJUL, PJAN, POCT) charge for a similar job.
  • The deal is legible: FLEX options on SPY absorb the first 15% of a decline over the outcome period, and match the ETF's gains up to a cap struck each July.paceretfs.compaceretfs.com 2
  • Those FLEX options are customizable exchange-traded contracts settled through the Options Clearing Corporation, and Durango-based Swan Global Management sub-advises the strategy.paceretfs.com
  • One of four Moderate-series funds with staggered start months (PSMD, PSMR, PSMJ, PSMO), so a July reset can be stacked against other entry points rather than standing alone.paceretfs.com

Worth knowing

  • The 15% buffer and the cap belong to the full outcome period. Step in mid-period and you inherit whatever cap and buffer remain, not the starting terms.paceretfs.com
  • Thinly traded next to the largest buffer funds, so spreads and limit orders deserve more of your attention at the point of entry.
  • No regular income stream here: the options structure delivers its result through share price rather than distributions.paceretfs.com

PSMJ Performance

Launched Jun 30, 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.
PSMJ$10,818
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. PSMJ $10,818. 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 PSMJ. Periods over one year show the average yearly return.
PeriodPSMJ
Year to date+6.7%
1 month−0.3%
3 months+1.3%
1 year+8.2%
3 yearsper year+14.4%
5 yearsper year+10.3%
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 PSMJ
YearReturn barPSMJ
2026 YTD+6.7%
2025+13.3%
2024+14.0%
2023+19.8%
2022−2.4%
2021+3.6%

History from Jul 2, 2021

PSMJ in the news

PSMJ 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 Oct 30, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2021

One bar per payment. 1 payment in 2021. Dec 23, 2021 $0.0038. Use the arrow keys to read each point.2021
Ex-datePay dateAmount per share
Dec 23, 2021Dec 30, 2021$0.0038

$10,000 in PSMJ 5 years ago paid $1.83 in dividends.

PSMJ Risk

Risk pillarC46 out of 100Rank 45 of 60 in S&P 500 Buffer 15%
How much the fund’s monthly returns vary, scaled to a year.
6.3%
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.
1.47
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.
−10.9%
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.
0.47
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.

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

PSMJ Cost

Compare PSMJ and CAUG

Overpaying vs CAUG, tied cheapest in S&P 500 Buffer 15%

$3,643

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

  • PSMJ 0.49%

    $9,792

  • CAUG 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • PSMJ 0.49%
  • CAUG 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530PSMJ $9,792CAUG $6,149

Year by year

YearPSMJCAUGOverpaying
10$883$545$338
20$3,394$2,113$1,281
30$9,792$6,149$3,643

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