BAPR
Innovator U.S. Equity Buffer ETF - April
📎 Investment Objective
The Innovator U.S. Equity Buffer ETF - April seeks to provide investors with returns that match those of the S&P 500 Index, up to a predetermined cap, while providing a buffer against the first 9% of losses over the course of an outcome period.
Overview
ETF tracking Innovator U.S. Equity Buffer ETF - April
Performance
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Investment Summary
📎 Investment Objective
The Innovator U.S. Equity Buffer ETF - April seeks to provide investors with returns that match those of the S&P 500 Index, up to a predetermined cap, while providing a buffer against the first 9% of losses over the course of an outcome period.
🎯 Investment Strategy
The ETF uses a defined outcome strategy, investing in a portfolio of FLexible EXchange Options (FLEX Options) on the S&P 500 Index. The options are structured to provide upside participation up to a cap, while limiting downside risk to the first 9% of losses.
✨ Key Features
- Defined outcome strategy with upside participation and downside buffer
- Resets annually in April to provide a new one-year outcome period
- Expense ratio of 0.00%
- Relatively low assets under management
⚠️ Primary Risks
- Market risk: The ETF's returns are tied to the performance of the S&P 500 Index
- Capped upside potential: Gains are limited by the predetermined upside cap
- Outcome period risk: Investors may only receive the defined outcome if held for the full one-year period
- Liquidity risk: Low trading volume could impact the ability to buy or sell shares
👤 Best For
This ETF may be suitable for investors seeking S&P 500 exposure with a defined downside buffer, who have a one-year investment horizon and understand the risks associated with the fund's outcome strategy.