In 2018, Innovator launched the world’s first Buffer ETFs™, marking the inception of what is today the industry’s largest and widest-ranging lineup of Outcome Based ETFs.
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The Innovator flagship Defined Outcome ETFs™ provide investors a known outcome: the ability to take advantage of market growth potential, to a cap, while maintaining a known buffer level of 9%, 15%, or 30%, against loss.
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Each Innovator Defined Outcome ETF™ holds a customized basket of FLexible EXchange® options (FLEX options) with varying strike prices (the price at which the option purchaser may buy or sell the security at the expiration date), and the same expiration of approximately one year. This gives each ETF a defined buffer level and upside growth potential (to a cap), over an outcome period. Each ETF intends to roll options components annually, on the last business day of the month associated with each ETF.
While many advisors like the idea of opportunistically investing in defined outcomes, some understandably don’t have the time and resources to monitor and evaluate a full suite of ETFs and others are uncertain of the best way to go about it.
Managed Buffer ETFs™ are designed to help meet these challenges, offering advisors easily implemented, single-ticker solutions that seek to offer the benefits of defined outcome investing.
- Both BUFF and BUFB invest in a laddered portfolio of 12 one-year Buffer ETFs™. BUFF holds the 15% Power Buffer ETFs™ and BUFB holds the 9% Buffer ETFs™.
- Both BSTP and PSTP hold a 1-year buffer/cap defined outcome, evaluated monthly for opportunities to “step up.” BSTP pursues a 9% buffer while PSTP seeks a 15% Buffer. This strategy offers investors a simple way to participate in an opportunistic buffer strategy without having to continually evaluate the full suite of Buffer ETFs™.
Standing apart with bullish anticipations, and no downside protection, reflected in its performance and high volatility, Innovator Uncapped Accelerated U.S. Equity ETF
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