Pacer Launches Laddered Buffer ETF Using Swan Structured Outcome Funds

Pacer has launched the Pacer Swan SOS Laddered Moderate ETF (LADM), which invests in a laddered portfolio of up to 12 Pacer Swan SOS Moderate ETFs rather than directly using options. The strategy aims to provide broad S&P 500 exposure while reducing timing risk by spreading investments across structured outcome ETFs with staggered annual reset dates. The underlying funds each target upside participation to a capped return while buffering the first 15% of SPDR S&P 500 ETF Trust (SPY) losses over one-year periods, although LADM itself does not provide a guaranteed buffer and may not receive the full benefit of the underlying protections.