KJUL

Innovator U.S. Small Cap Power Buffer ETF - July

$30.81
+0.00%
Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The Innovator U.S. Small Cap Power Buffer ETF - July seeks to provide investors with returns that match the performance of the Russell 2000 Index, up to a predetermined cap, while providing a buffer against the first 15% of losses over the course of a one-year period.

Overview

ETF tracking Innovator U.S. Small Cap Power Buffer ETF - July

Category Small Cap
Issuer Other
Inception Date 2020-07-01
Market Cap $156.4M
Average Volume N/A
Dividend Yield N/A
52-Week Range $25.96 - $31.39
VWAP $30.78

Performance

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Investment Summary

📎 Investment Objective

The Innovator U.S. Small Cap Power Buffer ETF - July seeks to provide investors with returns that match the performance of the Russell 2000 Index, up to a predetermined cap, while providing a buffer against the first 15% of losses over the course of a one-year period.

🎯 Investment Strategy

The ETF uses a defined outcome strategy, investing in a portfolio of FLexible EXchange (FLEX) options that are designed to provide the target upside exposure and downside buffer. The options reset annually in July, providing a new one-year outcome period.

✨ Key Features

  • Seeks to match the Russell 2000 Index performance up to a cap, with a 15% buffer against losses
  • Resets annually in July, providing a new one-year outcome period
  • Expense ratio of 0.00%
  • Small cap equity exposure

⚠️ Primary Risks

  • Market risk: The ETF's returns are tied to the performance of the Russell 2000 Index, and it will be subject to the same market fluctuations
  • Capped upside potential: The ETF's returns are capped at a predetermined level, limiting the upside participation
  • Buffer risk: The 15% buffer against losses may not be sufficient in severe market downturns
  • Liquidity risk: As a newer ETF, it may have lower trading volume and liquidity compared to more established funds

👤 Best For

This ETF may be suitable for investors seeking small cap equity exposure with a defined downside buffer, who have a medium-term investment horizon and are comfortable with the capped upside potential. It may be particularly appealing to those looking to manage risk in volatile market environments.