PAUG

Innovator U.S. Equity Power Buffer ETF - August

$42.55

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The Innovator U.S. Equity Power Buffer ETF - August (PAUG) 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 entire one-year period.

Overview

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

Category Utilities

Issuer Other

Inception Date 2019-08-01

Market Cap $1.0B

Average Volume N/A

Dividend Yield N/A

52-Week Range $35.30 - $42.92

VWAP $42.57

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

PAUG is an actively managed ETF that uses a defined outcome strategy, seeking to provide investors with upside exposure to the S&P 500 Index, up to a predetermined cap, while limiting downside risk through a 15% buffer. The fund achieves this by investing in a portfolio of FLexible EXchange (FLEX) options on the S&P 500 Index.

✨ Key Features

Seeks to match the returns of the S&P 500 Index, up to a predetermined cap
Provides a 15% buffer against losses over a one-year period
Actively managed portfolio of FLEX options on the S&P 500 Index
Resets annually on a specific date (in this case, August)

⚠️ Primary Risks

Market risk: The fund's returns are tied to the performance of the S&P 500 Index and are subject to market volatility
Capped upside potential: The fund's returns are capped at a predetermined level, limiting potential gains
Counterparty risk: The fund's performance is dependent on the creditworthiness of the options counterparties
Liquidity risk: The fund's FLEX options may have limited liquidity, which could impact the fund's ability to meet redemption requests

👤 Best For

PAUG may be suitable for investors seeking exposure to the U.S. equity market with a degree of downside protection, particularly those with a medium-term investment horizon and a moderate risk tolerance. The fund's defined outcome strategy and buffer against losses may appeal to investors looking to manage market volatility.