Pacer Swan SOS Moderate (February) ETF (MFEB)

The Pacer Swan SOS Moderate (February) ETF is a structured outcome fund from Pacer ETFs, managed with Swan Global Investments as part of its SOS (Structured Outcome Strategies) series. Its one-year outcome period begins in February.

Using FLEX options on an ETF tracking the S&P 500, the fund aims to provide the index's price return up to a cap while buffering a defined portion of losses. The moderate version balances downside protection and upside potential between the series' conservative and more aggressive alternatives. Terms are reset at the start of each new outcome period and apply in full only to investors holding for the whole period.