BMAR
Innovator U.S. Equity Buffer ETF - March
📎 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
Performance
Price Chart
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.