# MSEP (Pacer Swan SOS Moderate September ETF)

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

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.

## Key facts

- MSEP, buffer, by its prospectus: 15%, as of Sep 1, 2026.
- MSEP, cap before fees, by its prospectus: 14.1%, as of Sep 1, 2026.
- MSEP, expense ratio: 0.49% (497 XBRL, Jun 12, 2026).

## MSEP key stats

- High since Jan 2, 2026, daily closes to Oct 20, 2026: $33.17 on Oct 9, 2026 (computed by ETFIQ from Tiingo daily prices)
- Low since Jan 2, 2026, daily closes to Oct 20, 2026: $26.74 on Mar 30, 2026 (computed by ETFIQ from Tiingo daily prices)
- Close on Oct 20, 2026, within that range: $32.98, 97% 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 Sep 1, 2026 to Aug 31, 2027 | prospectus |
| Buffer | the first 15% of losses in SPY | prospectus |
| Cap | a cap of 14.1% before fees | prospectus |
| Cap left, buffer left and days left | not read by ETFIQ | ETFIQ |
| First traded | not read by ETFIQ | ETFIQ |
| Expense ratio | 0.49% | 497 XBRL, Jun 12, 2026 |
| Prospectus | 497K filed Sep 1, 2026 | ETFIQ |

## Questions

### 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.


## Cite this page

ETFIQ, MSEP, buffer ETFs, data as of 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 <https://etfiq.com/data/>.

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