BFEB
Innovator U.S. Equity Buffer ETF - February
📎 Investment Objective
The Innovator U.S. Equity Buffer ETF - February 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 - February
Performance
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Investment Summary
📎 Investment Objective
The Innovator U.S. Equity Buffer ETF - February 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
- Seeks to match the upside performance of the S&P 500 Index up to a predetermined cap
- Provides a 9% buffer against losses over the outcome period
- Resets the buffer and upside cap annually in February
- Designed as a buy-and-hold investment for the full outcome period
⚠️ Primary Risks
- Market risk - The ETF's returns are tied to the performance of the S&P 500 Index
- Capped upside - Investors forgo returns above the predetermined upside cap
- Outcome period risk - Benefits only apply if held for the full 12-month outcome period
- Liquidity risk - Trading may be limited during the outcome period
👤 Best For
The Innovator U.S. Equity Buffer ETF - February may be suitable for investors seeking S&P 500 exposure with some downside protection, who have a 12-month investment horizon and understand the defined outcome strategy.