Innovator Capital Management, LLC (Innovator), pioneer and provider
of the largest lineup of Defined Outcome ETFs™, today announced the
launch of three 100% Buffer ETFs™ across three outcome periods: 6
months (APOC), 1 year (ZOCT), and 2 years (AOCT). These launches
come to market as investors face elevated uncertainty around
monetary policy and a contentious Presidential election.
The suite of 100% Buffer ETFs™ is designed for investors of all
stripes, including those who may be sitting in unprotected equity
strategies, or who may have fled to cash and sacrificed their
potential for equity market returns.
“We have experienced tremendous growth in our 100% Buffer ETFs™
since launching our first in July of last year, and have seen
increasing demand for this kind of exposure across varied outcome
periods,” said Graham Day, CIO at Innovator Capital Management.
“Advisors and investors are clamoring for ways to avoid potential
market shocks, like an election, recession, or changing Fed Funds
rate trajectory, but do not want to miss out on potential returns
that resilient equity markets might bring. We are thrilled that our
growing lineup continues to address the increasing demand from
investors seeking protection.”
Innovator offers the industry’s largest suite of 100% Buffer
ETFs™, by both number of funds and assets under management,
totaling $915 million in AUM across 11 ETFs. In 2024 alone, 100%
Buffer ETFs™ have gathered $1.4 billion.
100% Buffer ETFs™ Listing October 1:
Ticker |
Name |
ReferenceAsset |
Buffer |
Upside Cap |
Outcome Period |
APOC |
Equity
Defined Protection ETF – 6 mo |
S&P 500 ETF |
100% |
3.79% |
6 Months |
ZOCT |
Equity
Defined Protection ETF – 1 yr |
S&P 500 ETF |
100% |
6.77% |
1 Year |
AOCT |
Equity Defined Protection ETF – 2 yrs |
S&P 500 ETF |
100% |
12.96% |
2 Years |
A full list of Innovator’s October 1 launches and other
resetting ETFs can be found here:
https://www.innovatoretfs.com/caps/
About Innovator
Innovator was established in 2017 by Bruce Bond and John
Southard, founders of the PowerShares ETF lineup that has grown to
be the fourth largest in the world. The listing of three Innovator
Buffer ETFs™ in August 2018 marked the creation of the world’s
first Defined Outcome ETFs™. Innovator is dedicated to providing
ETFs with built-in risk management that offer investors a high
level of predictability around their investment outcomes. Today,
with more than 100 offerings, Innovator is the industry’s leading
provider of Defined Outcome ETFs™.
* The 100% buffer is reduced by fees and
expenses and the buffer is the investment objective which the ETF
seeks to provide, consistent with the prospectus.
Unless otherwise noted, all return and AUM data is sourced from
Bloomberg.
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.
The Funds face numerous market trading risks, including active
markets risk, authorized participation concentration risk, buffered
loss risk, cap change risk, capped upside return risk, correlation
risk, liquidity risk, management risk, market maker risk, market
risk, non-diversification risk, operation risk, options risk,
trading issues risk, upside participation risk and valuation risk.
For a detailed list of fund risks see the prospectus.
There is no guarantee the Funds will be successful in
providing the sought-after protection. If the Outcome Period has
begun and the Underlying ETF has increased in value, any
appreciation of the Fund by virtue of increases in the Underlying
ETF since the commencement of the Outcome Period will not be
protected by the Buffer, and an investor could experience losses
until the Underlying ETF returns to the original price at the
commencement of the Outcome Period.
Fund shareholders are subject to an upside return cap
(the "Cap") that represents the maximum percentage return an
investor can achieve from an investment in the funds' for the
Outcome Period, before fees and expenses. If the Outcome Period has
begun and the Fund has increased in value to a level near to the
Cap, an investor purchasing at that price has little or no ability
to achieve gains but remains vulnerable to downside risks.
Additionally, the Cap may rise or fall from one Outcome Period to
the next. The Cap, and the Fund's position relative to it, should
be considered before investing in the Fund. The Fund's website,
www.innovatoretfs.com, provides important Fund information as well
information relating to the potential outcomes of an investment in
a Fund on a daily basis.
These Funds are designed to provide point-to-point exposure to
the price return of the Reference Asset via a basket of Flex
Options. As a result, the ETFs are not expected to move directly in
line with the Reference Asset during the interim period.
Investors purchasing shares after an outcome period has begun
may experience very different results than fund's investment
objective. The Fund will not terminate after the conclusion of the
Outcome Period. After the conclusion of the Outcome Period, another
will begin.
FLEX Options Risk The Funds will utilize
FLEX Options issued and guaranteed for settlement by the Options
Clearing Corporation (OCC). In the unlikely event that the OCC
becomes insolvent or is otherwise unable to meet its settlement
obligations, the Funds could suffer significant losses.
Additionally, FLEX Options may be less liquid than standard
options. In a less liquid market for the FLEX Options, the Fund may
have difficulty closing out certain FLEX Options positions at
desired times and prices. The values of FLEX Options do not
increase or decrease at the same rate as the reference asset and
may vary due to factors other than the price of reference
asset.
Investing involves risk. Principal loss is possible. All rights
reserved. Innovator ETFs are distributed by Foreside Fund Services,
LLC.
The Funds’ investment objectives, risks, charges and expenses
should be considered carefully before investing. The prospectus and
summary prospectus contain this and other important information,
and it may be obtained at innovatoretfs.com. Read it carefully
before investing.
The following marks: Accelerated ETFs®, Accelerated Plus ETF®,
Accelerated Return ETFs®, Barrier ETF™, Buffer ETF™, Defined
Outcome Bond ETF®, Defined Outcome ETFs™, Defined Protection ETF™,
Define Your Future®, Enhanced ETF™, Floor ETF®, Innovator ETFs®,
Leading The Defined Outcome ETF Revolution™, Managed Buffer ETFs®,
Managed Outcome ETFs®, Step-Up™, Step-Up ETFs™, Target Protection
ETF™ and all related names, logos, product and service names,
designs, and slogans are the trademarks of Innovator Capital
Management, LLC, its affiliates or licensors. Use of these terms is
strictly prohibited without proper written authorization.
Copyright © 2024 Innovator Capital Management,
LLC | 800.208.5212
Media ContactFrank Taylor / Stephanie
Dressler(646) 808-3647 / (949) 269-2535frank@dlpr.com /
stephanie@dlpr.com
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