PSMDPacer Swan SOS Moderate January ETF
PSMD Fund Description
PSMD aims for specific buffered losses and capped gains on SPDR S&P 500 ETF over a specific holdings period. The actively-managed fund holds options and collateral.
PSMD Factset Analytics Insight
PSMD uses flex options in an effort to moderate losses on SPY ETF over a one-year period starting each December. The fund foregoes some upside return of SPY’s dividend as options are written on the price (not total) return version of the index. The fund compensates for the first 15% losses on SPY, beyond it, the fund will experience all subsequent losses on a one-to-one basis. In exchange for preventing realization of SPY’s losses, investors forego 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.
PSMD Summary Data
PSMD Portfolio Data
PSMD Index Data
PSMD Portfolio Management
PSMD Tax Exposures
PSMD Fund Structure
PSMD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PSMD. PSMD is rated a N/A out of 5.
PSMD Top 10 Holdings
PSMD Economic Development
PSMD Performance Statistics
PSMD Benchmark Comparison Summary
PSMD Benchmark Comparison Market Cap Size