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PSMJ

GradeBChicago Board Options Exchange

Pacer Swan SOS Moderate (July) ETF

Buffered · Pacer · Inception 2021-06-29 · SEC filings

$34.56−0.12 (−0.33%)

As of Sep 23, 2026, 3:03 PM EDT

Intraday session: down, 37 prints from 34.68 to 34.56. Range 34.53 to 34.67. Use the arrow keys to read each point.$34.60$34.6510 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$105M
1Y return
+10.0%
Yield · Last 12 months
0.00%
Holdings
6
Volume · 30D
0M sh
NAV per share
$34.67
52W range
low $31.27high $34.72

The ETF.net PSMJ Grade

B

59/ 100

Rank 7 of 61 in S&P 500 Buffer 15%⁠

Confidence Medium

Six-pillar profile for PSMJ. Scores out of 100: Cost 70, Risk 45, Mission not scored, Tradability 53, Holdings not scored, Durability 64. Strongest: Cost (70). Weakest: Risk (45). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 59 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 rank22/61 · top 36%

  • 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 45
    Category rank44/57 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 53
    Category rank27/61 · top 44%

  • 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 64
    Category rank28/61 · top 46%

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

Our read on PSMJ

ETF.net Research

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

  1. 01Charges 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.
  2. 02The 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
  3. 03Those 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
  4. 04One 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

  1. 01The 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
  2. 02Thinly traded next to the largest buffer funds, so spreads and limit orders deserve more of your attention at the point of entry.
  3. 03No regular income stream here: the options structure delivers its result through share price rather than distributions.paceretfs.com

PSMJ Holdings

As of Sep 16, 2026, 3:19 PM
Asset class
Stocks
Holdings
6
Top-10 weight
103%
Largest holding
SPY 06/30/2027 8.29 C98.4%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SPY 06/30/2027 8.29 C98.37%1,374$102M1
002—SPY 06/30/2027 746.84 P4.17%1,374$4M1
003—U.S. Bank Money Market Deposit Account 06/01/20310.65%676,558$677K100
004—Cash & Other<0.01%6,734$7K674

Showing 1–4 of 4 holdings

PSMJ Performance

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

PSMJ$11,004
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. PSMJ $11,004. 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 PSMJ. Periods over one year show the average yearly return.
PeriodPSMJ
Year to date+7.7%
1 month+0.8%
3 months+2.6%
1 year+10.0%
3 years+14.1%per year
5 years+10.9%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 PSMJ
YearReturn barPSMJ
2026 YTD+7.7%
2025+13.3%
2024+14.0%
2023+19.8%
2022−2.4%
2021+3.6%

History from Jul 2, 2021

PSMJ in the news

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

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 Sep 22, 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

PSMJ Risk

How much the fund’s monthly returns vary, scaled to a year.
6.8%
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.
1.17
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.
−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.

PSMJ Cost

Expense ratio0.49%
  • The middle half of S&P 500 Buffer 15% funds
  • Median 0.79%

4 of the 50 S&P 500 Buffer 15% funds charge less.

PSMJ costs $49.00 a year on $10,000. The median S&P 500 Buffer 15% fund costs $79.00.