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Launched · SEC filings

Pacer Swan SOS Moderate (April) ETF

PSMRCboePacerB

$32.92−0.04 (−0.14%)

As of Nov 2, 2026, 3:46 PM ET

B57/ 100

Rank 11 of 61 in S&P 500 Buffer 15%

B57/100Rank 11 of 61inS&P 500 Buffer 15%
Intraday session: down, 75 prints from 32.97 to 32.92. Range 32.91 to 33.06. Use the arrow keys to read each point.32.9533.0033.0233.0510 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$91M
1Y total return
+12.1%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
1.26K sh
52W range
low $28.86high $33.14
Launched
Filings
SEC EDGAR

The ETF.net PSMR Grade

Based on 4 of 6 pillars

B

Score 57 out of 100

Category
S&P 500 Buffer 15%⁠
Rank
11 of 61
Six-pillar profile for PSMR. Scores out of 100: Cost 70, Risk 57, Mission not scored, Tradability 32, Holdings not scored, Durability 64. Strongest: Cost (70). Weakest: Tradability (32). Based on 4 of 6 pillars.

Score 57 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.
    B57 out of 100
    Rank 15 of 60

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D32 out of 100
    Rank 51 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.
    B64 out of 100
    Rank 27 of 61

Our read on PSMR

ETF.net Research

In short

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

  • Charges 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%.
  • The 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
  • Terms 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
  • Running 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

  • Thinly traded next to the biggest names in buffer land, so spreads and order size are worth a look before you place a trade.
  • The 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.
  • Not an income vehicle. It has not been paying a regular distribution, so whatever the strategy delivers shows up in the share price.

PSMR Performance

Launched Mar 31, 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.Not enough history yet.
PSMR$11,207
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. PSMR $11,207. 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 PSMR. Periods over one year show the average yearly return.
PeriodPSMR
Year to date+10.6%
1 month+0.2%
3 months+1.7%
1 year+12.1%
3 yearsper year+12.8%
5 yearsHistory unavailableper yearNo data
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 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

PSMR Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

PSMR Risk

Risk pillarB57 out of 100Rank 15 of 60 in S&P 500 Buffer 15%
How much the fund’s monthly returns vary, scaled to a year.
6.0%
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.
1.31
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.
−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.

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

PSMR Cost

Compare PSMR 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.

  • PSMR 0.49%

    $9,792

  • CAUG 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • PSMR 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$10K051015202530PSMR $9,792CAUG $6,149

Year by year

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

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