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

MMAY · BATS · Fund

Canonical page: https://www.lighthorse.io/tickers/mmay

## Price

Last close $33.64 on Oct 15, 2026. 52-week range $31.96 – $33.72.

## Fund profile

MMAY seeks to provide investors with returns that, before fees and expenses of the Fund, match those of the SPDR S&P 500 ETF Trust ("the Underlying ETF") up to a predetermined upside cap of 13.05% (before fees and expenses of the Fund) and 12.56% (after fees and expenses of the Fund), while providing a buffer against the first 15% of Underlying ETF losses, over the period from May 1, 2026 to April 30, 2027.

| Metric | Value |
| --- | --- |
| Issuer | Pacer Advisors, Inc. |
| Industry | — |
| Inception | May 1, 2026 |
| Assets under management | $3.4M |
| Expense ratio | 0.49% |
| Net asset value | $33.57 (as of Oct 14, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is Pacer Swan SOS Moderate (May) ETF (MMAY)?

MMAY seeks to provide investors with returns that, before fees and expenses of the Fund, match those of the SPDR S&P 500 ETF Trust ("the Underlying ETF") up to a predetermined upside cap of 13.05% (before fees and expenses of the Fund) and 12.56% (after fees and expenses of the Fund), while providing a buffer against t…

### What is MMAY's expense ratio?

Pacer Swan SOS Moderate (May) ETF charges an annual expense ratio of 0.49%. The fund is issued by Pacer Advisors, Inc..

### How large is MMAY?

Pacer Swan SOS Moderate (May) ETF manages $3.4M in assets and has traded since May 1, 2026.

### How do I buy shares of Pacer Swan SOS Moderate (May) ETF (MMAY)?

MMAY trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).