BJUL

📎 Investment Objective

The Innovator U.S. Equity Buffer ETF - July (BJUL) 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 a one-year period.

✨ Key Features

• Defined outcome strategy that provides a buffer against the first 9% of losses over a one-year period
• Potential for upside exposure to the S&P 500 Index, up to a predetermined cap
• Actively managed portfolio of FLEX options on the S&P 500 Index
• Resets annually on a specific date (in this case, July)

⚠️ Primary Risks

• Market risk: The fund's performance is tied to the performance of the S&P 500 Index, and it is subject to the same market risks as the underlying index.
• Capped upside potential: The fund's returns are capped at a predetermined level, limiting the potential upside.
• Counterparty risk: The fund's performance is dependent on the creditworthiness of the options counterparties.
• Liquidity risk: The FLEX options held by the fund may have limited liquidity, which could impact the fund's ability to meet redemption requests.

👤 Best For

BJUL may be suitable for investors seeking exposure to the U.S. equity market with a level of downside protection, and who are comfortable with the fund's capped upside potential. Investors with a medium-term investment horizon and a moderate risk tolerance may find this fund appropriate as part of a diversified portfolio.