DJUN vs PSCQ

DJUNCFT Vest U.S. Equity Deep Buffer ETF - June

PSCQBPacer Swan SOS Conservative (October) ETF

In short

DJUN DJUN takes the first 5% of an S&P 500 drop on the chin, then absorbs the next 25 points. That is the deep-buffer bargain: no help with the scrapes, real cover in a rout, with an upside cap that resets every June.

PSCQ A deep buffer with a deductible: you take the first 5% of an S&P 500 slide, then the next 25 points get cushioned, up to a cap reset each October. At 0.49% a year, it is a low-cost way to run that trade.

Stated mandate

DJUN The fund seeks to match the price return of the State Street SPDR S&P 500 ETF Trust, subject to a 13.60% upside cap, while buffering losses in the underlying between 5% and 30% during the June 22, 2026 to June 17, 2027 outcome period.

PSCQ The Fund seeks to match the returns of the SPDR S&P 500 ETF Trust before fees and expenses up to a predetermined cap while providing a downside buffer over approximately one year.

Why people hold it

• DJUN Deep, not shallow: the fund is built to absorb losses in the underlying from 5% down to 30%, a 25-point cushion across each one-year outcome period.ftportfolios.com
• Twelve near-identical siblings, one per calendar month (DFEB, DMAR, DSEP and the rest). DJUN owns the June start date, so entries can be laddered across the year.
• The reference asset is the SPDR S&P 500 ETF Trust. Underneath the options wrapper sits plain US large-cap exposure, not a niche index you have to decode.ftportfolios.com
• Live since 2020, with a fresh cap and buffer struck every June since. This is a seasoned rung of the series, not a launch-week experiment.

• PSCQ 0.49% a year, at the cheap end of the SPY deep-buffer group. In a capped strategy, fees come straight out of the upside you are allowed to keep.
• Real depth of cushion: underlying losses from 5% down to 30% are absorbed by the options package, 25 percentage points of protection across a full one-year outcome period.paceretfs.com
• October start date. Pacer runs the same conservative recipe in January, April and July windows, so you choose which twelve months (and which cap) you live with.
• Plain plumbing: FLEX options on the SPDR S&P 500 ETF Trust, no stock picking, no leverage. It sits in the upper half of its deep-buffer peer group.paceretfs.com

Worth knowing

• DJUN 0.85% a year lands at the median for deep-buffer funds, but cheaper builds exist: the Pacer Swan SOS Conservative funds (PSCX, PSCW, PSCQ) charge 0.49%.
• It tracks price return, so S&P 500 dividends are left behind, and the cap puts a ceiling on a big year. Protection is the thing you are paying for.
• Volume is light, so spreads can widen. And buying mid-period means the cap and cushion you actually get differ from the stated terms set at the June reset.

• PSCQ The cap is the price of the cushion. Upside stops at a level set when the October period begins, so a roaring S&P year leaves money on the table.
• The 5% to 30% math is built for holders of the full period. Buy mid-period and your effective buffer and cap depend on the price you pay.paceretfs.com
• A small fund that trades thinly, so spreads can run wider than on big index ETFs. It holds options, not dividend payers, so income is not part of the design.

Full DJUN profile⁠

Full PSCQ profile⁠