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PSMR

GradeBChicago Board Options Exchange

Pacer Swan SOS Moderate (April) ETF

Buffered · Pacer · Inception 2021-03-30 · SEC filings

$32.91−0.05 (−0.15%)

As of Sep 23, 2026, 2:55 PM EDT

Intraday session: down, 18 prints from 32.97 to 32.91. Range 32.91 to 32.97. Use the arrow keys to read each point.$32.94$32.9610 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$91M
1Y return
+12.8%
Yield · Last 12 months
—
Holdings
6
Volume · 30D
0M sh
NAV per share
$32.95
52W range
low $28.86high $32.98

The ETF.net PSMR Grade

B

62/ 100

Rank 4 of 61 in S&P 500 Buffer 15%⁠

Confidence Medium

Six-pillar profile for PSMR. Scores out of 100: Cost 70, Risk 62, Mission not scored, Tradability 45, Holdings not scored, Durability 65. Strongest: Cost (70). Weakest: Tradability (45). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 62 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 rank24/61 · top 39%

  • 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.
    BScore 62
    Category rank14/57 · top 25%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 45
    Category rank34/61 · 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.
    BScore 65
    Category rank27/61 · top 44%

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

Our read on PSMR

ETF.net Research

BA 15-point cushion on SPY, reset every April, for 0.49% a year while the typical buffer fund charges more. Pacer and Swan's moderate tier trades away some upside (a cap set each period) for a floor you know going in.

Stated mandate

The Fund seeks to match 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 in its buffered-SPY cohort, and undercuts Pacer's own single-month siblings like PJUL and POCT at 0.79%.
  2. 02The contract is spelled out: a 15-point buffer against SPDR S&P 500 ETF Trust losses over roughly a one-year period, with upside capped at a level set when the period begins.paceretfs.com
  3. 03Terms reset on April 1 each year, so the new buffer and cap arrive on a known calendar date instead of whenever you happened to buy in.paceretfs.com
  4. 04Running since 2021, so this April series has cycled through several complete outcome periods rather than being a fresh launch with a paper track record.

Worth knowing

  1. 01Thinly traded next to the biggest names in buffer land, so spreads and order size are worth a look before you place a trade.
  2. 02The cap cuts both ways: big SPY years get trimmed, and the stated buffer and cap only line up in full for a holder who rides one April reset to the next.
  3. 03Not an income vehicle. It has not been paying a regular distribution, so whatever the strategy delivers shows up in the share price.

PSMR Holdings

As of Sep 16, 2026, 3:19 PM
Asset class
Stocks
Holdings
6
Top-10 weight
108%
Largest holding
SPY 03/31/2027 7.22 C106.8%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SPY 03/31/2027 7.22 C106.80%1,302$97M1
002—SPY 03/31/2027 650.41 P1.34%1,302$1M1
003—U.S. Bank Money Market Deposit Account 06/01/20310.27%246,801$247K100

Showing 1–3 of 3 holdings

PSMR Performance

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

PSMR$11,280
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. PSMR $11,280. 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 PSMR. Periods over one year show the average yearly return.
PeriodPSMR
Year to date+10.6%
1 month+0.9%
3 months+2.7%
1 year+12.8%
3 years+12.3%per year
5 yearsHistory unavailable—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 PSMR
YearReturn barPSMR
2026 YTD+10.6%
2025+6.7%
2024+12.0%
2023+16.9%
2022−4.1%
2021+7.4%

History from Apr 1, 2021

PSMR in the news

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

PSMR Dividends

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

No distributions in the last 12 months.

PSMR Risk

How much the fund’s monthly returns vary, scaled to a year.
6.3%
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.
1.02
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.
−11.8%
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.
0.45
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.

PSMR 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.

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