XTAP

📎 Investment Objective

The Innovator U.S. Equity Accelerated Plus ETF - April seeks to provide investors with returns that are greater than the performance of the S&P 500 Index, up to a predetermined upside cap, while providing a buffer against the first 5% of losses over the outcome period.

✨ Key Features

• Defined outcome strategy with a predetermined upside cap and buffer against the first 5% of losses
• Resets parameters annually in April, providing a new outcome period
• Aims to provide returns greater than the S&P 500 Index, up to the upside cap
• Designed to help manage risk and volatility compared to the broader market

⚠️ Primary Risks

• Market risk, as the fund's returns are tied to the performance of the S&P 500 Index
• Capped upside potential, as returns are limited by the predetermined upside cap
• Outcome period risk, as the defined outcome parameters only apply for the 12-month outcome period
• Liquidity risk, as the secondary market for FLEX options may be less liquid than the market for traditional options

👤 Best For

This ETF may be suitable for investors seeking to participate in the upside potential of the U.S. equity market, while also seeking to manage downside risk. It may be particularly appealing to investors with a medium-term investment horizon who are willing to accept the fund's capped upside potential in exchange for the buffer against the first 5% of losses.