Pacer Swan SOS Fund of Funds ETF (PSFF) is an actively managed exchange-traded fund that seeks to provide investors with exposure to defined-outcome strategies through a portfolio of underlying ETFs employing buffer and protective options overlays. The fund primarily invests in Pacer Swan ETFs, including the Pacer Swan SOS Moderate ETF (PSMD), Pacer Swan SOS Aggressive ETF (PSAG), and other affiliated funds that utilize FLEX options to deliver specific upside potential with downside protection over one-year outcome periods; these strategies cap gains while buffering losses against declines in the S&P 500 Index, with buffer levels typically ranging from 9% to 20% and participation rates varying by outcome series. PSFF operates in the asset management industry, targeting retail and institutional investors seeking risk-managed equity exposure, with geographic focus on U.S. markets and headquarters aligned with Pacer ETFs' parent entity, Pacer Advisors, Inc., based in Pasadena, California, since the firm's founding in 2018.
In recent developments, Pacer Funds Group announced enhancements to its Swan Defined Outcome strategy lineup in late 2024, including the launch of new outcome series for existing ETFs that expanded buffer ranges and improved participation rates amid heightened market volatility. The fund benefited from a strategic partnership between Pacer Advisors and Swan Global Investments, deepening integration of proprietary options strategies and leading to PSFF's assets under management surpassing $100 million by mid-2025. No major acquisitions or name changes have occurred, but PSFF underwent a minor ticker-related administrative update in Q3 2025 to streamline reporting with Nasdaq listings.