- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 500 Chesterfield Parkway Malvern PA United States of America 19355
- IPO Date
- Jul 1, 2021
- Business
- Pacer Swan SOS Conservative (July) ETF (PSCJ) is an actively managed exchange-traded fund that seeks to provide specific investment outcomes based on the performance of the SPDR S&P 500 ETF Trust (SPY), offering upside returns up to a predetermined cap before fees and expenses while buffering losses between -5% and -30% over a one-year outcome period; the fund invests substantially all of its assets in FLEX Options, which are customizable exchange-traded option contracts guaranteed by the Options Clearing Corporation, referenced to SPY. PSCJ forms part of the Pacer Swan SOS ETF series, which includes conservative, moderate, and flex variants with tailored buffer and cap levels to suit varying risk profiles of individual and institutional investors targeting U.S. large-cap equity exposure with downside protection. The ETF operates within the structured outcome strategies segment of the asset management industry, focusing on risk-managed alternatives for investors seeking defined outcomes amid market volatility.
Launched on June 30, 2021, PSCJ is issued by Pacer Funds Trust and managed by Pacer Advisors, Inc., headquartered in Malvern, Pennsylvania, with Swan Global Management, LLC, based in Durango, Colorado, serving as investment sub-adviser to implement its Defined Risk Strategy using option-based overlays. The fund trades on the Cboe BZX Exchange, with assets under management of approximately $40-42 million, an expense ratio of 0.60-0.61%, and non-diversified exposure primarily to derivatives and collateral tied to the S&P 500 benchmark.
In July 2025, Pacer ETFs announced updated caps and buffers for the July series, resetting PSCJ's outcome period to July 1, 2025, through June 30, 2026, with a starting cap of 12.23% before fees, a -5% buffer start, and -30% buffer end, reflecting ongoing strategic adjustments to current market conditions and investor demand for volatility mitigation. This annual reset mechanism ensures refreshed exposure levels, as seen in prior periods like the 14.73% gross cap for July 2023-June 2024, while the broader Pacer Swan SOS family, initially launched in December 2020 through a partnership between Pacer and Swan Global Investments, continues to expand its suite of defined-outcome products without recent acquisitions or reorganizations reported.