APRH

Innovator Premium Income 20 Barrier ETF - April

$24.91
+0.00%
Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The Innovator Premium Income 20 Barrier ETF seeks to provide investors with monthly income and downside protection against market declines of up to 20% from the start of each monthly outcome period.

Overview

ETF tracking Innovator Premium Income 20 Barrier ETF - April

Category Value
Issuer Other
Inception Date 2023-04-03
Market Cap $27.4M
Average Volume N/A
Dividend Yield 6.49%
52-Week Range $23.10 - $25.18
VWAP $24.87

Performance

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Investment Summary

📎 Investment Objective

The Innovator Premium Income 20 Barrier ETF seeks to provide investors with monthly income and downside protection against market declines of up to 20% from the start of each monthly outcome period.

🎯 Investment Strategy

The ETF uses a defined outcome strategy, investing in a portfolio of FLexible EXchange (FLEX) options that are designed to provide returns based on the performance of the S&P 500 Index, subject to a cap on upside gains and a buffer against losses of up to 20%.

✨ Key Features

  • Seeks to provide monthly income and downside protection against market declines of up to 20%
  • Utilizes a defined outcome strategy with a pre-determined upside cap and buffer against losses
  • Resets at the beginning of each monthly outcome period to provide ongoing protection and income potential
  • Expense ratio of 0.00%

⚠️ Primary Risks

  • Market risk: The ETF's returns are subject to the performance of the S&P 500 Index, and it may underperform the broader market
  • Capped upside potential: The ETF's returns are subject to a cap, limiting its ability to participate in large market gains
  • Outcome period risk: The defined outcome parameters only apply at the end of each monthly outcome period, and the ETF's value may fluctuate in between
  • Liquidity risk: As a new ETF with low assets under management, it may have lower trading volume and liquidity

👤 Best For

The Innovator Premium Income 20 Barrier ETF may be suitable for investors seeking monthly income and downside protection, who have a moderate risk tolerance and a medium-term investment horizon. It may be particularly appealing to those looking to reduce volatility in their portfolio while still maintaining some upside potential.