Innovator ETFs Announces New Upside Cap Ranges for May Series of S&P 500 Buffer ETFs
As a result, the Cap set by each Fund may be higher or lower than the Estimated Cap Range.
- As a result, the Cap set by each Fund may be higher or lower than the Estimated Cap Range.
- Innovator\xe2\x80\x99s Equity Buffer ETFs\xe2\x84\xa2 have traditionally used index-based options while the Defined Outcome Bond ETFs and Stacker ETFs\xe2\x84\xa2 have been constructed using fund-based options.
- This change is intended to streamline market making and increase the operational efficiencies of the tax-efficient Buffer ETFs\xe2\x84\xa2 and will not materially impact shareholders.
- These outcome ranges include multiple and single upside exposure, to a cap, with defined levels of downside risk with buffers and floors over a set amount of time.