Pacer Swan SOS Laddered Moderate ETF (LADM)

The Pacer Swan SOS Laddered Moderate ETF is a defined outcome strategy from Pacer ETFs developed with Swan Global Investments, a firm known for hedged equity approaches. SOS refers to Pacer and Swan's family of structured outcome funds that use options to shape the range of returns on U.S. large-cap stocks.

Rather than relying on a single outcome period, this fund holds a ladder of several underlying buffer-style funds whose periods start at different times of the year, smoothing the timing of protection and upside caps. The moderate label points to a middle level of downside buffering relative to other funds in the series. It trades on Cboe BZX.