Innovator ETFs Announces New Upside Caps for February Series of U.S. Equity Buffer ETFs™
CHICAGO, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Innovator Capital Management, LLC (Innovator), the Defined Outcome ETFs™ pioneer, today announced the upside caps and return profiles for the February series of the U.S. Equity Buffer ETFs™ – Innovator U.S. Equity Buffer ETF™ – February (BFEB), Innovator U.S. Equity Power Buffer ETF™ – February (PFEB) and Innovator U.S. Equity Ultra Buffer ETF™ – February (UFEB) – which completed their third annual outcome period and reset at the end of the month. The 36 total ETFs in the flagship U.S. Equity Buffer ETF lineup seek to provide investors with upside participation, to a cap, in Large-cap U.S. stocks via options on the SPDR S&P 500 ETF Trust (SPY) with buffers against market losses of 9%, 15% or 30% over one-year periods. Three Innovator U.S. Equity Buffer ETFs reset each month. With the stock market drawdown that commenced in 2022, the February series of Innovator’s U.S. Equity Buffer ETFs shielded investors who held shares since the beginning of the completed outcome period from a portion of SPY losses over the annual period.
- **“Buffer” refers to the amount of downside protection the fund seeks to provide, before fees and expenses, over the full Outcome Period.
- Outcome Period is the intended length of time over which the defined outcomes are sought.
- Upon commencement of the Outcome Period, the Caps can be found on a daily basis via www.innovatoretfs.com.
- For more information regarding whether an investment in the Fund is right for you, please see “Investor Suitability” in the prospectus.