Innovator Capital Management announced today the listing of the Innovator S&P 500 Buffer ETF (BJUL) on the Chicago Board Options Exchange, which completes the July Series of Innovator S&P 500 Defined Outcome ETFs. The Innovator Defined Outcome ETFs seek to offer investors exposure to the S&P 500 Price Return Index (S&P 500) to a Cap, with downside protection levels (or “buffers”) of 9%, 15%, or 30% over an Outcome Period of approximately one year, at which point each ETF will reset.
“There are no other ETFs in the market today that provide investors defined exposures to the S&P 500, where the downside protection level, upside growth potential, and outcome period can all be known, prior to investing,” said Bruce Bond, Chief Executive Officer of Innovator Capital Management. “Historically, the defined (or structured) outcome space has been dominated by bank and structured insurance products. The Innovator Defined Outcome ETFs are delivering outcome based investing in a way that is more accessible, liquid, transparent, and cost-effective than ever before.”
Access to structured outcomes through the ETF vehicle aims to provide defined downside protection levels, exposures to S&P 500 upside performance, low cost, flexibility, liquidity, transparency, and without credit risk. In addition, the funds reset annually and can be held indefinitely.
“Innovator Defined Outcome ETFs can be used as a complement or replacement for equity, fixed income and alternative allocations in investor portfolios making them an agile tool for risk management and participation in the upside potential of the S&P 500,” said John Southard, Innovator’s Chief Investment Officer. “The Innovator Defined Outcome ETFs seek to provide new cost-effective safeguards that can help investors manage through volatile markets more effectively.”
The Funds have characteristics unlike many other traditional investment products and may not be suitable for all investors. For more information regarding whether an investment in the Fund is right for you, please see “Investor Suitability” in the prospectus.
Innovator S&P 500 Defined Outcome ETFs – July Series:
- Innovator S&P 500 Buffer ETF (CBOE: BJUL): Designed to track the return of the S&P 500 (up to a predetermined Cap) while buffering investors against the first 9% of losses over the Outcome Period, before fees and expenses.
- Innovator S&P 500 Power Buffer ETF (CBOE: PJUL): Designed to track the return of the S&P 500 (up to a predetermined Cap) while buffering investors against the first 15% of losses over the Outcome Period, before fees and expenses.
- Innovator S&P 500 Ultra Buffer ETF (CBOE: UJUL): Designed to track the return of the S&P 500 (up to a predetermined Cap) while buffering investors against a decline of 30% of losses over the Outcome Period, from -5% to -35%, before fees and expenses. Investors are exposed to loss between 0% and 5% and over 35% over the Outcome Period, before fees and expenses.
