PAPR

Innovator U.S. Equity Power Buffer ETF - April

$38.53

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Innovator U.S. Equity Power Buffer ETF - April 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 15% of losses over the course of an outcome period.

Overview

ETF tracking Innovator U.S. Equity Power Buffer ETF - April

Category Utilities

Issuer Other

Inception Date 2019-04-01

Market Cap $827.4M

Average Volume N/A

Dividend Yield N/A

52-Week Range $33.22 - $38.65

VWAP $38.56

Performance

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Investment Summary

📎 Investment Objective

🎯 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. The options are structured to provide upside participation up to a cap, while buffering against the first 15% of losses over the outcome period.

✨ Key Features

Defined outcome strategy with upside participation and downside buffer
Resets annually in April to provide a new one-year outcome period
Expense ratio of 0.00%
Low assets under management as a newer ETF

⚠️ Primary Risks

Market risk: The ETF's returns are tied to the performance of the S&P 500 Index
Capped upside potential: Gains are limited by the predetermined upside cap
Outcome period risk: The defined outcome parameters only apply at the end of the one-year outcome period
Liquidity risk: As a newer ETF, trading volume and liquidity may be limited

👤 Best For

This ETF may be suitable for investors seeking equity market exposure with a defined level of downside protection, particularly those with a one-year investment horizon. It may be most appropriate for moderately risk-averse investors who are comfortable with the tradeoffs between upside participation and downside buffer.