Pacer Swan SOS Moderate (December) ETF (PSMD US) – Portfolio Construction MethodologyThe investment philosophy governing the actively managed Pacer Swan SOS Moderate (December) ETF uses a structured-outcome options overlay to shape S&P 500 exposure with a defined downside buffer and an upside cap across a specified outcome period that resets annually in December. The investable toolkit centers on FLEX options collateralized by cash and cash equivalents, targeting consistent option terms and collateral manag ...