KAUG
Innovator US Small Cap Power Buffer ETF - August
📎 Investment Objective
The Innovator US Small Cap Power Buffer ETF - August (KAUG) seeks to provide investors with returns that match the price return of the Russell 2000 Index, up to a predetermined upside cap, while providing a buffer against the first 15% of losses over the course of a one-year period.
Overview
ETF tracking Innovator US Small Cap Power Buffer ETF - August
Performance
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Investment Summary
📎 Investment Objective
The Innovator US Small Cap Power Buffer ETF - August (KAUG) seeks to provide investors with returns that match the price return of the Russell 2000 Index, up to a predetermined upside cap, while providing a buffer against the first 15% of losses over the course of a one-year period.
🎯 Investment Strategy
KAUG uses a defined outcome strategy, investing in a portfolio of FLexible EXchange (FLEX) Options that are designed to provide the desired outcome. The fund resets annually in August, offering a new one-year outcome period with a new upside cap and buffer level.
✨ Key Features
- Seeks to match the Russell 2000 Index price return up to a predetermined upside cap
- Provides a 15% buffer against losses over a one-year outcome period
- Resets annually in August with a new one-year outcome period
- Expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The fund's returns are subject to the performance of the underlying Russell 2000 Index
- Capped upside: The fund's returns are capped at a predetermined level, limiting potential gains
- Buffer risk: The 15% buffer against losses may not be sufficient to protect against all downside
- Liquidity risk: The FLEX Options used by the fund may have limited liquidity
👤 Best For
KAUG may be suitable for investors seeking exposure to the small-cap equity market with a level of downside protection, and who have a one-year investment horizon and are comfortable with the fund's defined outcome parameters and potential limitations.