PFEB

Innovator U.S. Equity Power Buffer ETF - February

$39.91

+0.00%

Market closed. Last update: 10:52 PM ET

📎 Investment Objective

The Innovator U.S. Equity Power Buffer ETF - February (PFEB) 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 - February

Category Utilities

Issuer Other

Inception Date 2020-02-03

Market Cap $838.0M

Average Volume N/A

Dividend Yield N/A

52-Week Range $33.46 - $40.12

VWAP $39.88

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

PFEB uses an options-based strategy to provide the desired outcome. The fund holds a portfolio of FLexible EXchange (FLEX) options that are designed to provide returns that match the S&P 500 Index, up to a cap, while limiting downside risk to the first 15% of losses.

✨ 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 the course of an outcome period
Resets annually to provide a new outcome period with a new cap and buffer
Expense ratio of 0.00%

⚠️ 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: The fund's returns are capped at a predetermined level, limiting participation in the full upside of the underlying index
Outcome period risk: The fund's defined outcome parameters only apply at the end of the specified outcome period
Liquidity risk: The fund's options-based strategy may result in reduced liquidity compared to traditional equity funds

👤 Best For

PFEB may be suitable for investors seeking equity market exposure with a level of downside protection, and who are comfortable with the fund's capped upside potential and annual reset of the outcome period.