PJUL

📎 Investment Objective

The Innovator U.S. Equity Power Buffer ETF - July seeks to provide investors with returns that match those of the S&P 500 Index, up to a predetermined cap, while providing a level of downside protection against losses of up to 15% over an outcome period of approximately one year.

✨ Key Features

• Defined outcome strategy with approximately 1-year outcome period
• Provides upside participation up to a cap, while limiting downside losses to 15%
• Resets annually to provide a new outcome period with a new cap and buffer level
• Expense ratio of 0.00%

⚠️ Primary Risks

• Market risk: The ETF's returns are tied to the performance of the S&P 500 Index and are subject to market fluctuations
• Capped upside potential: The ETF's returns are capped, limiting the upside participation compared to the broader market
• Outcome period risk: Investors who purchase shares outside of the outcome period may have a different risk profile than those who purchased at the beginning
• Liquidity risk: The ETF's options-based strategy may result in lower liquidity compared to traditional equity ETFs

👤 Best For

This ETF may be suitable for investors seeking equity market exposure with a level of downside protection, and who have a medium-term investment horizon and a moderate risk tolerance. It may be particularly appealing to those looking to limit potential losses during market downturns.