USEP

📎 Investment Objective

The Innovator U.S. Equity Ultra Buffer ETF - September (USEP) 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 5-9% of losses over the outcome period.

✨ Key Features

• Provides exposure to the S&P 500 Index with a buffer against the first 5-9% of losses
• Resets annually in September with a new upside cap and downside buffer
• Utilizes options strategies to achieve its targeted exposure
• Has no assets under management and has not yet generated any performance history

⚠️ Primary Risks

• Leveraged/inverse risk: As a leveraged fund, USEP's performance can diverge significantly from the underlying index, especially over longer holding periods
• Capped upside potential: The fund's returns are capped at a predetermined level, limiting participation in strong market rallies
• Outcome period risk: The fund's buffer and cap only apply for the specific 12-month outcome period, and investors may experience losses outside of that period
• Liquidity risk: As a new fund with no assets, USEP may have limited trading volume and liquidity

👤 Best For

USEP may be suitable for investors seeking S&P 500 exposure with a level of downside protection, who have a short-term investment horizon and are comfortable with the fund's capped upside potential and leveraged nature. However, due to the fund's lack of performance history, it may be more appropriate for experienced investors who understand the risks of leveraged and options-based strategies.