XBAP
Innovator U.S. Equity Accelerated 9 Buffer ETF - April
📎 Investment Objective
The Innovator U.S. Equity Accelerated 9 Buffer ETF - April seeks to provide investors with returns that are enhanced by 9% relative to the performance of the S&P 500 Price Index, up to a cap, while providing a buffer against the first 9% of losses over the outcome period.
Overview
ETF tracking Innovator U.S. Equity Accelerated 9 Buffer ETF - April
Performance
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Investment Summary
📎 Investment Objective
The Innovator U.S. Equity Accelerated 9 Buffer ETF - April seeks to provide investors with returns that are enhanced by 9% relative to the performance of the S&P 500 Price Index, up to a cap, while providing a buffer against the first 9% of losses over the outcome period.
🎯 Investment Strategy
The ETF uses a defined outcome strategy, investing in a portfolio of FLexible Exchange (FLEX) Options that are designed to provide the stated level of upside participation and downside protection over a one-year outcome period. The fund resets annually in April.
✨ Key Features
- Seeks to provide enhanced upside exposure to the S&P 500 up to a cap
- Provides a 9% buffer against losses over the outcome period
- Resets annually in April with a new one-year outcome period
- Expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The fund's returns are linked to the performance of the S&P 500, so it is subject to the same market risks as the underlying index
- Capped upside potential: The fund's returns are capped, so investors forgo unlimited upside participation
- Outcome period risk: Investors who purchase shares outside of the annual outcome period may have a different risk/return profile than those who enter at the beginning
- Liquidity risk: As a new fund with limited assets, trading may be less liquid compared to more established ETFs
👤 Best For
The Innovator U.S. Equity Accelerated 9 Buffer ETF - April may be suitable for investors seeking equity market exposure with a defined level of downside protection and enhanced upside participation, over a one-year holding period. It could be used as a core equity allocation or as part of a diversified portfolio.