XBJL

📎 Investment Objective

The Innovator U.S. Equity Accelerated 9 Buffer ETF - July seeks to provide investors with returns that are greater than the returns of the S&P 500 Price Index, up to a predetermined upside cap, while providing a buffer against the first 9% of losses over the outcome period.

✨ Key Features

• Seeks to provide returns greater than the S&P 500 up to a predetermined cap
• Provides a 9% buffer against losses over the outcome period
• Resets its strategy annually in July
• Utilizes an options-based approach to achieve its objectives

⚠️ Primary Risks

• Market risk - The fund's returns are tied to the performance of the S&P 500, so it is subject to the same market risks as the underlying index
• Capped upside - The fund's returns are capped at a predetermined level, so investors forgo any returns above that cap
• Outcome period risk - The fund's defined outcome parameters only apply at the end of the specified one-year outcome period
• Options-based risk - The use of options exposes the fund to the risks associated with the options market

👤 Best For

This ETF may be suitable for investors seeking equity market exposure with a defined level of downside protection and upside participation. It could be appropriate as a core equity holding or as a complement to a broader portfolio. Investors should have a medium-term investment horizon and be comfortable with the fund's options-based strategy and defined outcome parameters.