BMAR

Innovator U.S. Equity Buffer ETF - March

$51.88
+0.00%
Market closed. Last update: 11:44 PM ET

📎 Investment Objective

The Innovator U.S. Equity Buffer ETF - March 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 - March

Category Other
Issuer Other
Inception Date 2020-03-02
Market Cap $201.0M
Average Volume N/A
Dividend Yield N/A
52-Week Range $41.56 - $52.35
VWAP $51.83

Performance

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Investment Summary

📎 Investment Objective

The Innovator U.S. Equity Buffer ETF - March 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. This strategy aims to provide investors with upside participation in the S&P 500, up to a cap, while limiting downside risk to the first 9% of losses.

✨ Key Features

  • Defined outcome strategy with a 9% buffer against losses over the outcome period
  • Potential for upside participation in the S&P 500, up to a predetermined cap
  • Resets at the beginning of each new outcome period (March)
  • Expense ratio of 0.00%

⚠️ Primary Risks

  • Market risk: The ETF's returns are linked 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 ETF's returns are capped at a predetermined level, limiting its upside participation.
  • Outcome period risk: The defined outcome strategy only applies for the specified outcome period (March to March), and investors may experience losses beyond the 9% buffer if they hold the ETF outside of the outcome period.
  • Liquidity risk: The ETF's FLEX Options may have limited liquidity, which could impact the fund's ability to achieve its investment objective.

👤 Best For

The Innovator U.S. Equity Buffer ETF - March may be suitable for investors seeking equity market exposure with a level of downside protection, and who are willing to forgo some upside potential in exchange for a buffer against the first 9% of losses. Investors should have a medium-term investment horizon and be comfortable with the risks associated with the ETF's defined outcome strategy.