Fund Description
The Innovator S&P 500 Power Buffer ETF is designed to track the return of the S&P 500 Price Return Index, up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually. The Fund seeks to provide investors with returns that match those of the S&P 500 Price Index, up to the upside cap of 8.11% (prior to taking into account management fees and other fees) and 7.40% (after taking into account management fees and other fees) while providing a buffer against the first 15% of S&P 500 Price Index losses, over the period from August 8, 2018 to June 30, 2019. The Fund invests at least 80% of its net assets in FLexible EXchange Options ( FLEX Options ) that reference the S&P 500 Price Return Index ( S&P 500 Price Index ). FLEX Options are exchange-traded options contracts with uniquely customizable terms. Although guaranteed for settlement by the Options Clearing Corporation (the OCC ), FLEX Options are still subject to counterparty risk with the OCC and may be less liquid than more traditional exchange-traded options.
Fund Profile
Fund Name Innovator S&P 500 Power Buffer ETF
Fund Exchange Ticker PJUL
Fund Sponsor Innovator Management
Fund ISIN US45782C8139
Net Expense Ratio 0.79 %
Fund Inception Date 8 August 2018
Fund Legal Structure ETF (Open end fund)
Exchange BATS
Listing Country Code US
Fund Investment Objective
ETF Type Specific US Equities - Quant Strat
Asset Class Equities (Stocks)
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Large Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 5 October 2022
Asset Under Management 452.52 Million (USD)
1 Month Total Return -1.70 %
Year To Date Return -4.25 %
1 Year Total Return -1.34 %
3 Year Annualized Total Return 4.69 %
NAV 29.48
Share Outstanding 15,350,000
Top 10 Holdings (5 October 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
SPY 06/30/2023 3.77 C OPTN 0.9771000000
SPY 06/30/2023 377.25 P OPTN 0.0757000000
Cash & Other CASH 0.0021000000
SPY 06/30/2023 320.66 P OPTN -0.0329000000
SPY 06/30/2023 443 C OPTN -0.0219000000