PJUN

📎 Investment Objective

The Innovator U.S. Equity Power Buffer ETF - June (PJUN) seeks to provide investors with returns that match the price return of the SPDR S&P 500 ETF Trust (SPY), up to a predetermined cap, while providing a buffer against the first 15% of losses over the course of a one-year period.

✨ Key Features

• Seeks to match the price return of the S&P 500 index, up to a predetermined cap
• Provides a 15% buffer against losses in the S&P 500 index over a one-year period
• Resets the buffer and cap annually on the fund's inception date
• Actively managed portfolio of FLEX options on the S&P 500 index

⚠️ 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 the upside potential
• Counterparty risk: The fund is exposed to the creditworthiness of the options counterparties
• Liquidity risk: The FLEX options may have limited liquidity, which could impact the fund's ability to achieve its investment objective

👤 Best For

PJUN may be suitable for investors seeking exposure to the U.S. equity market with a level of downside protection, and who are willing to forgo some upside potential in exchange for the buffer against losses. Investors with a medium-term investment horizon and a moderate risk tolerance may find this fund appropriate as part of a diversified portfolio.