PSCW Profile
PSCW
is an exchange-traded fund that seeks to provide investors with
capital preservation and current income, while also attempting to
mitigate downside risk. The fund invests primarily in fixed-income
securities, including investment-grade corporate bonds, U.S.
government and agency bonds, and mortgage-backed securities.
PSCW is managed by Pacer Financial, which is a subsidiary of Pacer
Advisors, Inc. The fund utilizes a rules-based strategy known as the
Swan SOS (defined as &";Selloff Stop&";) approach, which is designed to
help protect investors from market downturns by actively managing
risk. This approach uses a combination of trend following and option
strategies to reduce downside risk, while also attempting to maintain
the fund's overall yield and income.
The fund's holdings are
designed to provide diversification across multiple fixed-income
sectors, including both domestic and international markets. As of
March 14, 2023, the top holdings of PSCW included U.S. Treasury bonds,
mortgage-backed securities, and corporate bonds from a variety of
industries.
In terms of performance, PSCW has had a relatively
stable and consistent track record since its inception in October
2018. The fund has achieved an annualized return of approximately
3.25% since inception, while also experiencing lower volatility and
drawdowns than the broader fixed-income market.
It's worth
noting that while PSCW is designed to help mitigate downside risk,
there is no guarantee that the fund will be successful in doing so.
Additionally, as with any investment, there are inherent risks
involved, and investors should carefully consider their investment
objectives, risk tolerance, and other factors before investing in PSCW
or any other ETF.
In summary, PSCW is an ETF that aims to
provide investors with capital preservation, current income, and
downside risk mitigation through a diversified portfolio of
fixed-income securities and a rules-based risk management strategy. As
with any investment, investors should carefully evaluate the risks and
benefits before investing.
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