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PSMO

GradeCChicago Board Options Exchange

Pacer Swan SOS Moderate (October) ETF

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

$33.50−0.01 (−0.04%)

As of Sep 23, 2026, 2:28 PM EDT

History starts Oct 1, 2021.
Intraday session: down, 16 prints from 33.52 to 33.50. Range 33.48 to 33.52. Use the arrow keys to read each point.$33.48$33.5210 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$101M
1Y return
+11.2%
Yield · Last 12 months
—
Holdings
6
Volume · 30D
0M sh
NAV per share
$33.50
52W range
low $29.68high $33.50

The ETF.net PSMO Grade

C

53/ 100

Rank 13 of 61 in S&P 500 Buffer 15%⁠

Confidence Medium

Six-pillar profile for PSMO. Scores out of 100: Cost 70, Risk 48, Mission not scored, Tradability 24, Holdings not scored, Durability 64. Strongest: Cost (70). Weakest: Tradability (24). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 53 of 100 sits in the C 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 rank23/61 · top 38%

  • 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 48
    Category rank35/57 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 24
    Category rank46/61 · 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 64
    Category rank29/61 · top 48%

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

Our read on PSMO

ETF.net Research

CA 15% cushion against SPY's first losses, reset every October, for 0.49% a year. Most defined-outcome funds charge more, and the trade is a cap on the upside that gets set fresh at the start of each period.

Stated mandate

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

Why people hold it

  1. 01Charges 0.49% a year versus a 0.79% median across its 15%-buffer peer group, one of the lower-cost ways to own this structure.
  2. 02Pacer's moderate SOS funds (PSMD, PSMR, PSMJ) all price at 0.49%, while the Innovator power-buffer lineup (POCT, PJUL, PJAN) runs 0.79%.
  3. 03The reference asset is the SPDR S&P 500 ETF Trust itself, not an abstract index, so what's being buffered is a fund you can watch tick by tick.paceretfs.com

Worth knowing

  1. 01Buffer and cap are engineered for the full one-year outcome period running October through September. Buy or sell mid-period and you may get neither in full.paceretfs.com
  2. 02Upside stops at a cap reset each October. A runaway rally in the S&P 500 is the scenario this structure hands back in exchange for the 15% cushion.paceretfs.com
  3. 03One of the quieter tickers in the buffer aisle, so spreads and order type matter more here than with the category's household names.

PSMO Holdings

As of Sep 16, 2026, 3:19 PM
Asset class
Stocks
Holdings
6
Top-10 weight
102%
Largest holding
2SPY US 09/30/26 C7.39 FLX102.0%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2SPY US 09/30/26 C7.39 FLX102.04%1,373$103M1
002—U.S. Bank Money Market Deposit Account 06/01/20310.26%257,698$258K100
003—2SPY US 09/30/26 P666.25 FLX0.05%1,373$53K1

Showing 1–3 of 3 holdings

PSMO Performance

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

PSMO$11,119
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. PSMO $11,119. 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 PSMO. Periods over one year show the average yearly return.
PeriodPSMO
Year to date+8.8%
1 month+0.9%
3 months+3.2%
1 year+11.2%
3 years+12.3%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 PSMO
YearReturn barPSMO
2026 YTD+8.8%
2025+11.4%
2024+9.4%
2023+20.5%
2022−1.3%
2021+2.9%

History from Oct 1, 2021

PSMO in the news

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

PSMO Dividends

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

No distributions in the last 12 months.

PSMO Risk

How much the fund’s monthly returns vary, scaled to a year.
6.0%
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.
1.18
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.
−9.8%
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.
0.41
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.

PSMO 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.

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