# MMAY (Pacer Swan SOS Moderate (May) ETF)

Pacer · Buffer ETFs · data as of Oct 20, 2026

From May 1, 2026 to Oct 20, 2026, MMAY returned 4.8%, against 6.7% for SPY.

## Key facts

- MMAY, buffer, by its prospectus: 15%, as of May 1, 2026.
- MMAY, cap before fees, by its prospectus: 13.1%, as of May 1, 2026.
- MMAY, return since listing: +4.8%, as of Oct 20, 2026.
- MMAY, expense ratio: 0.49% (497 XBRL, Jun 12, 2026).

## MMAY over each window to Oct 20, 2026

| Window | Total return | SPY price return | Gap to SPY |
| --- | --- | --- | --- |
| 1 month | +0.9% | +1.0% | −0.1 pts |
| 3 months | +2.4% | +2.8% | −0.4 pts |
| Since launch | +4.8% | +6.7% | −1.9 pts |

## MMAY key stats

- High since May 1, 2026, daily closes to Oct 20, 2026: $33.72 on Oct 9, 2026 (computed by ETFIQ from Tiingo daily prices)
- Low since May 1, 2026, daily closes to Oct 20, 2026: $31.96 on May 4, 2026 (computed by ETFIQ from Tiingo daily prices)
- Close on Oct 20, 2026, within that range: $33.58, 92% of the way from the low to the high (computed by ETFIQ from Tiingo daily prices)

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Kind | Buffer ETF | ETFIQ |
| Reference | SPY (SPDR S&P 500 ETF Trust) | ETFIQ |
| Outcome period | from May 1, 2026 to Apr 30, 2027 | prospectus |
| Buffer | the first 15% of losses in SPY | prospectus |
| Cap | a cap of 13.1% before fees | prospectus |
| Cap left, buffer left and days left | not read by ETFIQ | ETFIQ |
| First traded | May 1, 2026 | ETFIQ |
| Expense ratio | 0.49% | 497 XBRL, Jun 12, 2026 |
| Prospectus | 497K filed May 1, 2026 | ETFIQ |

## Questions

### What does MMAY protect against?

Its prospectus says it buffers the first 15% of losses in SPY.

### Does MMAY have a cap?

Its prospectus states a cap of 13.1% before fees.

### When does MMAY reset?

Its prospectus sets its outcome from May 1, 2026 to Apr 30, 2027.


## Cite this page

ETFIQ, MMAY, buffer ETFs, data as of Oct 20, 2026. https://etfiq.com/funds/mmay
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at <https://etfiq.com/data/>.

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