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The Pacer Swan SOS ETF Series

PSCW

Pacer Swan SOS Conservative (April) ETF

An exchange traded fund (ETF) that seeks to match returns, before fees and expenses, of the SPDR S&P 500 ETF Trust (the “underlying ETF”) up to a predetermined upside cap (the “Cap”), while also providing a downside risk mitigation buffer (the “Buffer”) over an approximate one-year period.

Strategy Overview


Set Exposure
 

Set Buffer Level
 

Set Cap Level
 

Set Roll Period
 


SPDR S&P 500 ETF Trust


-5% to -30%
The Fund will buffer investors against losses between -5% and -30% on the downside. After that percentage is met, investors will again participate in the downside.

14.43%
The Fund will provide positive return to investors up to 14.43% before no longer participating in gains.

Cap level shown is before fees and expenses.

4/3/23 - 3/28/24
After the end of the outcome period, the Fund will reset to update the exposure, buffer level, term, and cap on the first day of the new outcome period..

Key Points

  • Lower cost, flexible, liquid, and transparent
  • Tax-efficient
  • No credit risk
  • Reset annually and can be held indefinitely


Payoff Profile


 


Market Scenarios (1 Year)


These are hypothetical illustrations and do not demonstrate historical or future performance data. They do not include fees or expenses.

The structured outcomes may only be realized if you are holding shares on the first day of an Investment Period and continue to hold them on the last day of that Investment Period. If you purchase shares after an Investment Period has begun or sell shares prior to an Investment Period’s conclusion, you may experience investment returns very different from those that the Fund seeks to provide. There is no guarantee that the Fund will achieve its investment objective.

The Funds have characteristics unlike many other traditional investment products and may not be suitable for all investors. For more information regarding whether an investment in the Fund is right for you, please see “Investor Suitability” in the prospectus.

An investment in the Funds is subject to investment risk, including the possible loss of principal. Pacer ETF shares may be bought and sold on an exchange through a brokerage account. Brokerage commissions and ETF expenses will reduce investment returns. There can be no assurance that an active trading market for ETF shares will be developed or maintained. The risks associated with this fund are detailed in the prospectus and could include factors such as buffered loss risk, cap change risk, capped upside risk, counterparty risk, ETF risks, FLEX options correlation risk, FLEX options liquidity risk, FLEX options valuation risk, investment period risk, large-capitalization investing risk, management risk, market risk, new fund risk, non-diversification risk, special tax risk, underlying ETF risk, and/or special risks of exchange traded funds.

The Fund will invest substantially all of its assets in FLexible EXchange® Options (“FLEX Options”) that reference the SPDR® S&P 500® ETF Trust (the “Underlying ETF”). FLEX Options are customizable exchange-traded option contracts guaranteed for settlement by the Options Clearing Corporation. The Fund uses FLEX Options to employ a “structured outcome strategy.” Structured outcome strategies seek to produce pre-determined target investment outcomes based upon the performance of an underlying security or index. The pre-determined structured outcomes sought by the Funds, which include the buffer and cap discussed below, are based upon the performance of the Underlying ETF over a one year period.

Fund shareholders are subject to an upside return cap that represents the maximum percentage return an investor can achieve from an investment in a Fund for an Investment Period. Therefore, even though the Funds’ returns are based upon the Underlying ETF, if the Underlying ETF experiences returns for an Investment Period in excess of the Cap, an investor will not experience those excess gains. The Cap is set on the first day of a Funds’ Investment Period and does not take into account any management fees, transaction costs or expenses charged to shareholders. The Cap will be reduced by these when taken into account.

The Fund only seeks to provide shareholders that hold shares for an entire Investment Period with a buffer against a pre-determined percentage of Underlying ETF losses (based upon the value of the Underlying ETF at the time the Fund entered into the FLEX Options on the first day of its Investment Period) during an Investment Period. You will bear all Underlying ETF losses beyond that pre-determined percentage. The buffer is provided prior to taking into account annual Fund management fees, operating expenses, transaction fees, and any extraordinary expenses incurred by a Fund. A shareholder that purchases shares at the beginning of an Investment Period may lose their entire investment. While each Fund seeks to limit losses for shareholders who hold shares for the entire Investment Period, there is no guarantee it will successfully do so.

Swan Global Management, LLC serves as investment sub-adviser to the Fund. Swan Global Investments, LLC (“Swan”) is an independent Investment Advisory headquartered in Durango, Colorado registered with the U.S. Securities and Exchange Commission under the Investment Advisers Act or 1940. Being an SEC-registered advisor implies no special qualification or training. Swan offers and manages its Defined Risk Strategy, as well as, option-based overlay strategies to individuals, institutions and other advisory firms.

Outcome Period Performance

Data from 04/3/2023 to 03/27/2024

The following chart is updated daily to show the current performance of the fund and the SPDR S&P 500 ETF (SPY) from the start of the current outcome period compared to the fund's upside potential (shaded in green and ending at the cap) and its downside potential and buffer (shaded in yellow).

To zoom, drag your mouse over a region in the chart.
View Full Outcome Period

Please note, when viewing a previous outcome period only the below chart will reflect historical values. All other value information on the page will be for the current period.

Outcome Period Values

Series April
Exposure Asset SPDR S&P 500 ETF Trust
Outcome Period 4/3/23 - 3/28/24
Starting Cap 14.43%
Buffer Start -5%
Buffer End -30%

SPDR S&P 500 ETF Trust is an exchange-traded fund which aims to track the Standard & Poor’s 500 Index, which comprises 500 large- and mid-cap U.S. stocks.
Cap level shown is before fees and expenses.

Current Values

(as of 03/27/2024)

Fund Value $23.81
Fund Return 13.7%
Exposure Asset Value $523.17
Exposure Asset Return 27.79%
Remaining Cap (Gross/Net) 0.7% / 0.1%
Remaining Buffer (Gross/Net) 28.83% / 28.23%
Downside Before Buffer -16.4% / -17%
Remaining Outcome Period 1 Days

Numbers are shown both gross and then net of only the management fee over a 12-month period. Net number does not include any other non-management fee costs, expenses, trading costs, taxes, or extraordinary expenses. These can vary per ETF series and per ETF and based on date of purchase of an ETF, as well as other factors.

Fund Value :The most recent closing NAV of the Fund. The NAV (net asset value) is the value of one share based on the value of the holdings of the Fund calculated daily.
Fund Return: The return based on the NAV of the Fund since the start of the Outcome Period. It may not reflect the actual return for the investor.
Exposure Asset: The underlying ETF that the fund seeks to match.
Remaining Cap: Based on the Fund's current bid/ask midpoint, the best potential return if held to the end of the Outcome Period, assuming the Exposure Asset meets or exceeds the Cap Exposure Asset Value.
Remaining Buffer: The current amount of the Fund's stated buffer remaining which is the sum of Downside Before Buffer, Exposure Asset to Buffer End, and Unrealized Option Payoff.
Remaining Outcome Period:  The number of days remaining until the end of the Outcome Period.

Downside Before Buffer: The amount of fund loss incurred before the buffer begins.

Exposure Asset and Fund Values

(as of 03/27/2024)

Cap Exposure Asset Value $468.46
Buffer Start Exposure Asset Value $388.92
Buffer End Exposure Asset Value $286.57

Exposure Asset Values represent the values that trigger the Cap and the Start and End of the Buffer range for the respective Exposure Asset and Fund.

The structured outcomes may only be realized if you are holding shares on the first day of an Investment Period and continue to hold them on the last day of that Investment Period. If you purchase shares after an Investment Period has begun or sell shares prior to an Investment Period’s conclusion, you may experience investment returns very different from those that the Fund seeks to provide. There is no guarantee that the Fund will achieve its investment objective.

The Funds have characteristics unlike many other traditional investment products and may not be suitable for all investors. For more information regarding whether an investment in the Fund is right for you, please see “Investor Suitability” in the prospectus.

Recent Investment Performance (%)

  as of 03/27/2024 as of 02/29/2024
  YTD YTD Previous Month 3 Month Total
Pacer Swan SOS Conservative April ETF NAV 2.66 2.19 1.11 4.47
Pacer Swan SOS Conservative April ETF Market Price 2.55 2.12 1.20 4.42

Performance (%)

(as of 12/31/2023)

  Since Fund Inception (3/31/21) YTD 1 Year 3 Year 5 Year
Pacer Swan SOS Conservative (April) ETF NAV 4.39 11.78 11.78 N/A N/A
Pacer Swan SOS Conservative (April) ETF Market Price 4.34 11.44 11.44 N/A N/A
S&P 500 Price Return Index 6.88 24.23 24.23 8.29 13.73

Source: US Bank. Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate, so shares may be worth more or less when redeemed or sold. Current performance may be lower or higher than the performance quoted. Visit www.paceretfs.com for the most recent month-end performance. Index returns are for illustrative purposes only. Index performance does not reflect any management fees, transaction costs or expenses. You cannot invest directly in an index.

Top Holdings (%)

as of [get from csv]

View All Holdings

Daily Holdings

Ticker Holding Weight

An investment in the Funds is subject to investment risk, including the possible loss of principal. Pacer ETF shares may be bought and sold on an exchange through a brokerage account. Brokerage commissions and ETF expenses will reduce investment returns. There can be no assurance that an active trading market for ETF shares will be developed or maintained. The risks associated with this fund are detailed in the prospectus and could include factors such as buffered loss risk, cap change risk, capped upside risk, counterparty risk, ETF risks, FLEX options correlation risk, FLEX options liquidity risk, FLEX options valuation risk, investment period risk, large-capitalization investing risk, management risk, market risk, new fund risk, non-diversification risk, special tax risk, underlying ETF risk, and/or special risks of exchange traded funds.

The Fund will invest substantially all of its assets in FLexible EXchange® Options (“FLEX Options”) that reference the SPDR® S&P 500® ETF Trust (the “Underlying ETF”). FLEX Options are customizable exchange-traded option contracts guaranteed for settlement by the Options Clearing Corporation. The Fund uses FLEX Options to employ a “structured outcome strategy.” Structured outcome strategies seek to produce pre-determined target investment outcomes based upon the performance of an underlying security or index. The pre-determined structured outcomes sought by the Funds, which include the buffer and cap discussed below, are based upon the performance of the Underlying ETF over a one year period.

Fund shareholders are subject to an upside return cap that represents the maximum percentage return an investor can achieve from an investment in a Fund for an Investment Period. Therefore, even though the Funds’ returns are based upon the Underlying ETF, if the Underlying ETF experiences returns for an Investment Period in excess of the Cap, an investor will not experience those excess gains. The Cap is set on the first day of a Funds’ Investment Period and does not take into account any management fees, transaction costs or expenses charged to shareholders. The Cap will be reduced by these when taken into account.

The Fund only seeks to provide shareholders that hold shares for an entire Investment Period with a buffer against a pre-determined percentage of Underlying ETF losses (based upon the value of the Underlying ETF at the time the Fund entered into the FLEX Options on the first day of its Investment Period) during an Investment Period. You will bear all Underlying ETF losses beyond that pre-determined percentage. The buffer is provided prior to taking into account annual Fund management fees, operating expenses, transaction fees, and any extraordinary expenses incurred by a Fund. A shareholder that purchases shares at the beginning of an Investment Period may lose their entire investment. While each Fund seeks to limit losses for shareholders who hold shares for the entire Investment Period, there is no guarantee it will successfully do so.

Swan Global Management, LLC serves as investment sub-adviser to the Fund. Swan Global Investments, LLC (“Swan”) is an independent Investment Advisory headquartered in Durango, Colorado registered with the U.S. Securities and Exchange Commission under the Investment Advisers Act or 1940. Being an SEC-registered advisor implies no special qualification or training. Swan offers and manages its Defined Risk Strategy, as well as, option-based overlay strategies to individuals, institutions and other advisory firms.

Create A Custom Portfolio Allocation:

This tool in intended to illustrate how a custom portfolio consisting of the Pacer Swan SOS Conservative ETF, the Pacer Swan SOS Moderate ETF, and the Pacer Swan SOS Flex ETF would perform in a given year, with given market performance relative to the S&P 500. Please note that this tool is for information purposes only, and may not reflect the true performance of an investment strategy.

To use, select an allocation between the three ETFs or enter a dollar amount into each allocation box. The graph below shows how each ETF individually would perform based on the set buffer and cap, and will automatically show how your custom allocation would perform over the course of a year.

Moderate Allocation

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Conservative Allocation

{{allocation_b}} %

Flex Allocation

{{allocation_c}} %

Initial Portfolio Value:
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Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate, so shares may be worth more or less when redeemed or sold. Current performance may be lower or higher than the performance quoted. Visit www.paceretfs.com for the most recent month-end performance. Index returns are for illustrative purposes only. Index performance does not reflect any management fees, transaction costs, or expenses. You cannot invest directly in an index.

This is a hypothetical illustration tool that is to be used only as a reference for a possible allocation among the Pacer Swan SOS ETFs.  The tool is intended to illustrate the potential payoff profiles of each Pacer Swan Structured Outcome Series ETF relative to the S&P 500 Index and as well as using various blends of the ETFs.  This tool should not be used as the basis for any investment purchase of any product nor does it imply any financial planning recommendation.  Read the Prospectus carefully and understand each fund’s objective and expenses before making any investment in the funds.  When possible, consult an investment professional before investing.   

The structured outcomes may only be realized if you are holding shares on the first day of an Investment Period and continue to hold them on the last day of that Investment Period. If you purchase shares after an Investment Period has begun or sell shares prior to an Investment Period’s conclusion, you may experience investment returns very different from those that the Fund seeks to provide. There is no guarantee that the Fund will achieve its investment objective.

The Funds have characteristics unlike many other traditional investment products and may not be suitable for all investors. For more information regarding whether an investment in the Fund is right for you, please see “Investor Suitability” in the prospectus.

IMPORTANT: The projections or other information generated by this tool regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results.

An investment in the Funds is subject to investment risk, including the possible loss of principal. Pacer ETF shares may be bought and sold on an exchange through a brokerage account. Brokerage commissions and ETF expenses will reduce investment returns. There can be no assurance that an active trading market for ETF shares will be developed or maintained. The risks associated with this fund are detailed in the prospectus and could include factors such as buffered loss risk, cap change risk, capped upside risk, counterparty risk, ETF risks, FLEX options correlation risk, FLEX options liquidity risk, FLEX options valuation risk, investment period risk, large-capitalization investing risk, management risk, market risk, new fund risk, non-diversification risk, special tax risk, underlying ETF risk, and/or special risks of exchange traded funds.

The Fund will invest substantially all of its assets in FLexible EXchange® Options (“FLEX Options”) that reference the SPDR® S&P 500® ETF Trust (the “Underlying ETF”). FLEX Options are customizable exchange-traded option contracts guaranteed for settlement by the Options Clearing Corporation. The Fund uses FLEX Options to employ a “structured outcome strategy.” Structured outcome strategies seek to produce pre-determined target investment outcomes based upon the performance of an underlying security or index. The pre-determined structured outcomes sought by the Funds, which include the buffer and cap discussed below, are based upon the performance of the Underlying ETF over a one year period.

Fund shareholders are subject to an upside return cap that represents the maximum percentage return an investor can achieve from an investment in a Fund for an Investment Period. Therefore, even though the Funds’ returns are based upon the Underlying ETF, if the Underlying ETF experiences returns for an Investment Period in excess of the Cap, an investor will not experience those excess gains. The Cap is set on the first day of a Funds’ Investment Period and does not take into account any management fees, transaction costs or expenses charged to shareholders. The Cap will be reduced by these when taken into account.

The Fund only seeks to provide shareholders that hold shares for an entire Investment Period with a buffer against a pre-determined percentage of Underlying ETF losses (based upon the value of the Underlying ETF at the time the Fund entered into the FLEX Options on the first day of its Investment Period) during an Investment Period. You will bear all Underlying ETF losses beyond that pre-determined percentage. The buffer is provided prior to taking into account annual Fund management fees, operating expenses, transaction fees, and any extraordinary expenses incurred by a Fund. A shareholder that purchases shares at the beginning of an Investment Period may lose their entire investment. While each Fund seeks to limit losses for shareholders who hold shares for the entire Investment Period, there is no guarantee it will successfully do so.

Swan Global Management, LLC serves as investment sub-adviser to the Fund. Swan Global Investments, LLC (“Swan”) is an independent Investment Advisory headquartered in Durango, Colorado registered with the U.S. Securities and Exchange Commission under the Investment Advisers Act or 1940. Being an SEC-registered advisor implies no special qualification or training. Swan offers and manages its Defined Risk Strategy, as well as, option-based overlay strategies to individuals, institutions and other advisory firms.

Distributions

Ex Date Record Date Pay Date Total Distribution Ordinary Income* Short Term Capital Gains Long Term Capital Gains Return of Capital
12/27/2023 12/28/2023 $0 $0 $0 $0 $0 $0

Distribution Schedule

Past distributions are not indicative of future distributions.
*Ordinary income is composed mainly of wages, salaries, commissions and interest income from bonds, and it is taxable using ordinary income rates.

Premium/Discount

As of Mar 27, 2024

From Jan 2, 2024 to Mar 27, 2024
Days traded at premium 0
Days traded at discount 60
As of Date Discount Premium
01/02/2024 -0.23
01/03/2024 -0.24
01/04/2024 -0.23
01/05/2024 -0.19
01/08/2024 -0.18
01/09/2024 -0.17
01/10/2024 -0.24
01/11/2024 -0.16
01/12/2024 -0.09
01/16/2024 -0.2
01/17/2024 -0.25
01/18/2024 -0.11
01/19/2024 -0.09
01/22/2024 -0.18
01/23/2024 -0.2
01/24/2024 -0.15
01/25/2024 -0.24
01/26/2024 -0.16
01/29/2024 -0.16
01/30/2024 -0.2
01/31/2024 -0.27
Next

PSCW Premium/Discount Q1 2024

From Jan 2, 2024 to Mar 27, 2024
Days traded at premium 0
Days traded at discount 60
As of Date Discount Premium
01/02/2024 -0.23
01/03/2024 -0.24
01/04/2024 -0.23
01/05/2024 -0.19
01/08/2024 -0.18
01/09/2024 -0.17
01/10/2024 -0.24
01/11/2024 -0.16
01/12/2024 -0.09
01/16/2024 -0.2
01/17/2024 -0.25
01/18/2024 -0.11
01/19/2024 -0.09
01/22/2024 -0.18
01/23/2024 -0.2
01/24/2024 -0.15
01/25/2024 -0.24
01/26/2024 -0.16
01/29/2024 -0.16
01/30/2024 -0.2
01/31/2024 -0.27
02/01/2024 -0.34
02/02/2024 -0.06
02/05/2024 -0.1
02/06/2024 -0.23
02/07/2024 -0.27
02/08/2024 -0.12
02/09/2024 -0.21
02/12/2024 -0.09
02/13/2024 -0.19
02/14/2024 -0.12
02/15/2024 -0.15
02/16/2024 -0.19
02/20/2024 -0.14
02/21/2024 -0.22
02/22/2024 -0.21
02/23/2024 -0.17
02/26/2024 -0.22
02/27/2024 -0.27
02/28/2024 -0.19
02/29/2024 -0.18
03/01/2024 -0.22
03/04/2024 -0.11
03/05/2024 -0.25
03/06/2024 -0.13
03/07/2024 -0.17
03/08/2024 -0.14
03/11/2024 -0.21
03/12/2024 -0.36
03/13/2024 -0.25
03/14/2024 -0.23
03/15/2024 -0.16
03/18/2024 -0.3
03/19/2024 -0.23
03/20/2024 -0.15
03/21/2024 -0.23
03/22/2024 -0.2
03/25/2024 -0.16
03/26/2024 -0.3
03/27/2024 -0.23
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  • Pacer Swan SOS Conservative (April) ETF Factsheet

    Pacer Swan SOS Conservative (April) ETF Factsheet

    as of 12/31/23

    Category: Pacer Swan SOS Series, PSCW


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  • Institutional Presentation: Pacer Swan Structured Outcome Strategies

    Institutional Presentation: Pacer Swan Structured Outcome Strategies

    as of 12/31/23

    Category: Pacer Swan SOS Series, PSFD, PSCX, PSFF, PSMD, PSCW, PSMR, PSFM, PSFJ, PSMJ, PSCJ, PSCQ, PSFO, PSMO


  • Introduction to Pacer Swan ETFs

    Introduction to Pacer Swan ETFs

    Category: Pacer Swan SOS Series, PSFD, PSCX, PSFF, PSMD, PSCW, PSMR, PSFM, PSFJ, PSMJ, PSCJ, PSCQ, PSFO, PSMO

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    Duration: 2:40

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