ZMAY
Innovator Equity Defined Protection ETF - 1 Yr May
📎 Investment Objective
The Innovator Equity Defined Protection ETF - 1 Yr May (ZMAY) seeks to provide investors with exposure to the equity markets while aiming to limit downside risk over a one-year period.
Overview
ETF tracking Innovator Equity Defined Protection ETF - 1 Yr May
Performance
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Investment Summary
📎 Investment Objective
The Innovator Equity Defined Protection ETF - 1 Yr May (ZMAY) seeks to provide investors with exposure to the equity markets while aiming to limit downside risk over a one-year period.
🎯 Investment Strategy
ZMAY uses a defined outcome strategy, where it purchases a portfolio of options designed to provide upside participation in the underlying equity index up to a cap, while also providing a buffer against the first 10-15% of losses. The fund resets its parameters annually in May.
✨ Key Features
- Defined outcome strategy with upside participation and downside buffer
- Resets parameters annually in May to provide a new one-year outcome period
- Aims to limit downside risk to 10-15% over the one-year outcome period
- Expense ratio of 0.00%
⚠️ Primary Risks
- Market risk - the fund's returns are tied to the performance of the underlying equity index
- Capped upside potential - the fund's returns are subject to an upside cap, limiting participation in strong market gains
- Reset risk - the fund's parameters are reset annually, which may result in different outcomes in subsequent periods
- Liquidity risk - the fund may experience lower trading volume and liquidity compared to the underlying securities
👤 Best For
ZMAY may be suitable for investors seeking equity market exposure with defined downside protection, who have a one-year investment horizon and are comfortable with the fund's capped upside potential.