DDFL
Innovator Equity Dual Directional 15 Buffer ETF - July
📎 Investment Objective
The Innovator Equity Dual Directional 15 Buffer ETF - July seeks to provide investors with exposure to the U.S. equity market while providing a buffer against the first 15% of losses over the outcome period.
Overview
ETF tracking Innovator Equity Dual Directional 15 Buffer ETF - July
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Innovator Equity Dual Directional 15 Buffer ETF - July seeks to provide investors with exposure to the U.S. equity market while providing a buffer against the first 15% of losses over the outcome period.
🎯 Investment Strategy
The ETF uses a dual-directional buffer strategy, aiming to provide upside participation up to a cap while also providing a 15% buffer against losses over the outcome period. The fund invests in FLexible EXchange (FLEX) options on the S&P 500 Index to achieve its objective.
✨ Key Features
- Provides exposure to the U.S. equity market with a 15% buffer against losses over the outcome period
- Seeks to provide upside participation up to a cap, while limiting downside risk
- Resets on an annual basis, with a new outcome period beginning each July
- Expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The fund's value will fluctuate with the performance of the underlying S&P 500 Index
- Buffered loss risk: The fund only provides a buffer against the first 15% of losses, investors may still experience losses beyond that threshold
- Capped upside risk: The fund's upside participation is capped, limiting potential gains
- Outcome period risk: The fund's performance characteristics reset at the beginning of each new outcome period
👤 Best For
This ETF may be suitable for investors seeking equity market exposure with a level of downside protection, who have a medium-term investment horizon and are willing to accept the fund's capped upside potential.