BMAY
Innovator U.S. Equity Buffer ETF - May
📎 Investment Objective
The Innovator U.S. Equity Buffer ETF - May (BMAY) seeks to provide investors with returns that match those of the S&P 500 Index, up to a 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 - May
Performance
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Investment Summary
📎 Investment Objective
The Innovator U.S. Equity Buffer ETF - May (BMAY) seeks to provide investors with returns that match those of the S&P 500 Index, up to a cap, while providing a buffer against the first 9% of losses over the course of an outcome period.
🎯 Investment Strategy
BMAY is an actively managed ETF that uses options strategies to provide a buffer against the first 9% of losses in the S&P 500 Index over a one-year outcome period. The fund aims to match the returns of the S&P 500 up to a predetermined cap, which is reset annually.
✨ Key Features
- Provides a 9% buffer against losses in the S&P 500 Index over a one-year outcome period
- Seeks to match the returns of the S&P 500 up to a predetermined cap, which is reset annually
- Actively managed options-based strategy
- Outcome period of approximately one year, after which the buffer and cap are reset
⚠️ Primary Risks
- Market risk: The fund's performance is tied to the S&P 500 Index and is subject to market fluctuations
- Capped upside risk: The fund's returns are capped at a predetermined level, limiting potential gains
- Outcome period risk: The fund's buffer and cap are only applicable for the specified one-year outcome period
- Liquidity risk: The fund's options-based strategy may result in lower liquidity compared to traditional equity funds
👤 Best For
BMAY may be suitable for investors seeking equity market exposure with a level of downside protection, who have a medium-term investment horizon and are comfortable with the fund's capped upside potential.