Pacer ETFs Adjusts Swan SOS April Series Caps and Buffers for 2025-2026 Pacer ETFs has reset the caps and buffers for its Swan SOS April Series, effective today. The Conservative, Moderate, and Flex funds now have caps of 12.89%, 12.47%, and 13.95% respectively for the new 12-month cycle. The management fee remains at 0.60%, reflecting continued cost reductions for investors.1