PSCJPacer Swan SOS Conservative (July) ETF
PSCJ Fund Description
PSCJ aims for specific buffered losses and capped gains on the SPDR S&P 500 ETF over a one-year period. The actively-managed fund holds options and collateral.
PSCJ Factset Analytics Insight
PSCJ uses flex options in an effort to moderate losses on an ETF — SPY, over a one-year period starting each July. Using SPY is a slightly different approach than using S&P 500 index options, what is gained in favorable tax treatment may be lost in higher expense. Investors assume the risk of the first 5% decline. A buffer provides a hedge for further downside between -5% - 30%. Investors assume SPY’s realized losses should the price of the shares fall below the buffer. Investors also forego the upside participation above a certain threshold, which is reset annually. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the period to achieve the intended results. The targeted buffers and caps do not include the fund’s expense ratio. The fund is actively managed and resets annually.
PSCJ Portfolio Data
PSCJ Index Data
PSCJ Portfolio Management
PSCJ Tax Exposures
PSCJ Fund Structure
PSCJ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PSCJ. PSCJ is rated a N/A out of 5.
PSCJ Top 10 Holdings
PSCJ Economic Development
PSCJ Performance Statistics
PSCJ Benchmark Comparison Summary
PSCJ Benchmark Comparison Market Cap Size
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.