PMAY

Innovator U.S. Equity Power Buffer ETF - May

$39.02

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The Innovator U.S. Equity Power Buffer ETF - May 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 a one-year period.

Overview

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

Category Utilities

Issuer Other

Inception Date 2020-05-01

Market Cap $636.0M

Average Volume N/A

Dividend Yield N/A

52-Week Range $33.11 - $39.15

VWAP $38.97

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 (FLEX) options that are designed to provide the desired upside exposure and downside protection. The fund resets its parameters annually in May.

✨ Key Features

Seeks to provide exposure to the S&P 500 Index with a 15% buffer against losses over a one-year period
Utilizes FLEX options to implement its defined outcome strategy
Resets its parameters annually in May
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 it will be subject to the same market fluctuations
Capped upside potential: The fund's returns are capped at a predetermined level, limiting its upside participation
Counterparty risk: The fund's performance is dependent on the creditworthiness of the options counterparties
Liquidity risk: The FLEX options used by the fund may have limited liquidity, which could impact the fund's ability to achieve its investment objective

👤 Best For

The Innovator U.S. Equity Power Buffer ETF - May may be suitable for investors seeking equity market exposure with a level of downside protection, particularly those with a moderate risk tolerance and a one-year investment horizon.