ETFIQetfiq.com · independent ETF data
MSEP Pacer Swan SOS Moderate September ETF
As of Oct 20, 2026, MSEP buffers the first 15% of losses in SPY and has a cap of 14.1% before fees, by its prospectus filed Sep 1, 2026.
Head to head
Funds near this one
MSEP key stats
High since Jan 2, 2026, daily closes to Oct 20, 2026 (ETFIQ)$33.17 on Oct 9, 2026
Low since Jan 2, 2026, daily closes to Oct 20, 2026 (ETFIQ)$26.74 on Mar 30, 2026
Close on Oct 20, 2026, within that range (ETFIQ)$32.98, 97% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.
About MSEP
KindBuffer ETF
ReferenceSPY (SPDR S&P 500 ETF Trust)
Outcome period (prospectus)from Sep 1, 2026 to Aug 31, 2027
Buffer (prospectus)the first 15% of losses in SPY
Cap (prospectus)a cap of 14.1% before fees
Cap left, buffer left and days leftnot read by ETFIQ
First tradednot read by ETFIQ
Prospectus497K filed Sep 1, 2026
How we measure
Terms from the fund’s own summary prospectus, with its filing date; returns from exchange closing prices. How these figures are computed
Questions people ask about MSEP
- What does MSEP protect against?
- Its prospectus says it buffers the first 15% of losses in SPY.
- Does MSEP have a cap?
- Its prospectus states a cap of 14.1% before fees.
- When does MSEP reset?
- Its prospectus sets its outcome from Sep 1, 2026 to Aug 31, 2027.
Sources and dates
Prices, MSEPTiingo end-of-day · Oct 20, 2026
Fee, 0.49%Prospectus fee filing on SEC EDGAR ↗
IssuerPacer website ↗
All fund filingsFund filings on SEC EDGAR ↗
ETFIQ links to the documents behind every figure; a link is not an endorsement.
Cite this pageCitation, APA and Markdown
ETFIQ, MSEP, buffer ETFs, data as of Oct 20, 2026. https://etfiq.com/funds/msep
ETFIQ. (Oct 20, 2026). MSEP, buffer ETFs. Retrieved from https://etfiq.com/funds/msep
[MSEP, buffer ETFs (ETFIQ, Oct 20, 2026)](https://etfiq.com/funds/msep)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
Buffer
The first slice of loss the fund absorbs for you over its outcome period, stated on the reference index. A 15% buffer means the index can fall 15% before you take any of it.
The most the fund can return over the period if held from the first day to the last. Quoted gross and net of fees. Set by the option market on day one, so the same fund can have a different cap each year.
The window, usually twelve months and sometimes six or three, over which the buffer and, where there is one, the cap apply. On its last day the options expire, the fund resets, and fresh terms are struck from that day’s option prices.
Reset
The day one outcome period ends and the next begins, with a fresh buffer and fresh terms struck at that day’s level.
How much of the buffer still sits below today’s index level. All of it when the index is above its starting level; less once the index is inside the buffer range.
Get the weekly ETF note
Four ranked ETF lists in one email every Friday morning. The last note
MSEP, Buffer ETFs, ETFIQ, data as of Oct 20, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.