Innovator Capital Management, LLC (Innovator) today announced the
listing of the Innovator Stacker ETFs™, the world’s first ETFs to
offer a “stacked” or multiple exposure on the upside, to a cap,
with a single exposure to the downside. Part of Innovator’s Defined
Outcome ETF™ family, the Stacker ETFs™ are the world’s first ETFs
to offer advisors a potential solution to magnify their equity
exposures and performance potential by accessing multiple U.S.
stock market return streams simultaneously, up to a cap, while
maintaining downside exposure to a single benchmark, SPY (the SPDR
S&P 500 Index ETF), over a one year outcome period.
The Stacker ETFs™ listing today on the Cboe are
the Innovator Triple Stacker ETF™ – October (TSOC), the Innovator
Double Stacker ETF™ – October (DSOC) and the Innovator Double
Stacker 9 Buffer ETF™ – October (DBOC) on the Cboe. The
Innovator Triple Stacker ETF™ – October
(TSOC) will seek to provide investors with upside
performance comprised of 100% of SPY (S&P 500) + 100% of QQQ1
(Nasdaq 100) + 100% of IWM2 (Russell 2000), to a cap, and the
downside exposure to SPY only, over a one-year Outcome Period. The
Innovator Double Stacker
ETF™ – October
(DSOC) will seek to provide investors with upside
performance comprised of 100% of SPY (S&P 500) + 100% of QQQ
(Nasdaq 100), to a cap, and the downside exposure to SPY only, over
a one-year Outcome Period. The Innovator Double Stacker 9
Buffer ETF™ – October (DBOC) will seek to
provide investors with upside performance comprised of 100% of SPY
(S&P 500) + 100% of QQQ (Nasdaq 100), to a cap, and the
downside exposure is to SPY only and includes a Buffer against the
first 9% of losses in SPY over a one-year Outcome Period.
“Today’s launch of the Stacker ETFs™ is another
landmark for financial advisors and the ETF industry. Now, for the
first time in an ETF, investors who hold shares for an entire
outcome period have access to triple or double exposures on the
potential upside to a cap with a single exposure on the downside,
the S&P 500. With the ‘Stackers’, we at Innovator are
introducing a suite of products that we feel make a lot of sense
for investors’ portfolios, especially in the low-expected-return
environment for U.S. stocks that many are forecasting. The Stacker
ETFs™ can help take the guesswork out of some of today’s big
challenges advisors face when constructing equity portfolios, like
which equity exposure might be the best to own for the next year
and which traditional active managers (stock pickers) can
potentially outperform the market. The Stacker ETFs™ seek to
provide advisors with diversified exposure across the U.S. stock
markets and can magnify investors’ performance potential without
increasing risk beyond exposure to the S&P 500, the benchmark
many clients are most comfortable with,” said Bruce Bond, CEO of
Innovator ETFs.
Innovator also announced the new upside caps and
return profiles for the existing October Series of the Defined
Outcome ETFs™, which reset yesterday at the end of September. This
includes the S&P 500 Buffer ETFs™ – Innovator S&P 500
Buffer ETF™ – October (BOCT), Innovator S&P 500 Power Buffer
ETF™ – October (POCT) and Innovator S&P 500 Ultra Buffer ETF™ –
October (UOCT) – as well as the Power Buffer ETFs™ on the Nasdaq
100 (NOCT) and Russell 2000 (KOCT). BOCT, POCT and UOCT completed
their second outcome period while NOCT and KOCT finished their
first annual outcome period. It was an extraordinarily volatile
year that saw domestic equity benchmarks reach record levels before
the most rapid bear market drawdown and subsequent rebound in
history, with many markets snapping back to hit fresh highs
recently. Through the Outcome Period, the October series of the
options-based Defined Outcome Buffer ETFs experienced lower
drawdown and volatility (standard deviation) than their respective
reference assets while participating in the upside of those markets
that finished in positive territory.3
Return profiles for the
Innovator Defined Outcome ETFs
– October Series, as of
10/01/2020
Ticker |
Name |
Buffer Level |
Cap* |
Outcome Period |
|
|
|
|
|
|
|
|
SPY Upside Cap: 7.14% |
|
TSOC |
Innovator Triple Stacker ETF™ - October |
NA |
QQQ Upside Cap: 7.14% |
12 months |
|
|
|
IWM Upside Cap: 7.14% |
10/1/20 – 9/30/21 |
|
|
|
Total Upside Cap: 21.42% |
|
|
|
|
|
|
|
|
|
SPY Upside Cap: 11.61% |
12 months |
DSOC |
Innovator Double Stacker ETF™ - October |
NA |
QQQ Upside Cap: 11.61% |
10/1/20 – 9/30/21 |
|
|
|
Total Upside Cap:
23.22% |
|
|
|
|
|
|
|
|
|
SPY Upside Cap: 7.41% |
|
DBOC |
Innovator Double Stacker 9 Buffer ETF™ - October |
9.00% |
QQQ Upside Cap: 7.41% |
12 months |
|
|
|
Total Upside Cap:
14.82% |
10/1/20 – 9/30/21 |
|
|
|
|
|
NOCT |
Innovator Nasdaq-100 |
15.00% |
15.94% |
12 months |
|
Power Buffer ETF™ - October |
|
|
10/1/20 – 9/30/21 |
|
|
|
|
|
KOCT |
Innovator Russell 2000 |
15.00% |
13.20% |
12 months |
|
Power Buffer ETF™ - October |
|
|
10/1/20 – 9/30/21 |
|
|
|
|
|
BOCT |
Innovator S&P 500 |
9.00% |
18.30% |
12 months |
|
Buffer ETF™ - October |
|
|
10/1/20 – 9/30/21 |
|
|
|
|
|
POCT |
Innovator S&P 500 |
15.00% |
12.07% |
12 months |
|
Power Buffer ETF™ - October |
|
|
10/1/20 – 9/30/21 |
|
|
|
|
|
UOCT |
Innovator S&P 500 |
30.00% |
8.12% |
12 months |
|
Ultra Buffer ETF™ - October |
(-5% to -35%) |
|
10/1/20 – 9/30/21 |
* The Caps above are shown gross of the 0.79%
management fee. “Cap” refers to the maximum potential return,
before fees and expenses and any shareholder transaction fees and
any extraordinary expenses, if held over the full Outcome 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 fund launch, the Caps can be
found on a daily basis via www.innovatoretfs.com.
The Stackers ETFs™ will not be like traditional
leveraged ETFs, which can produce distorted returns and higher
volatility when held long-term due to their frequent, often daily,
rebalancing. Instead, the Stacker ETFs™ will seek to provide
asymmetrical returns over a year-long outcome period that are
magnified on the upside only, to a cap, while rebalancing annually,
making them more suited for longer-term investors.
John Southard, CIO of Innovator ETFs, said,
“Today’s near-record-low yielding and low forward-looking return
environment for U.S. equities is creating a headache for advisors’
seeking to hit their clients’ return goals with traditional
portfolio assets, strategies and allocations. The idea with the
Innovator Stacker ETFs™ is to allow investors to participate in the
potential upside, to a cap, across multiple U.S. equity market
segments without taking on the potential downside risk and
additional volatility of Growth and Technology stocks, as well as
Small-Caps. And with the ‘Stackers’, advisors don’t have to be
right about which U.S. equity market segment to allocate to based
on fundamentals or technicals, potential government policies or
stimulus measures. Especially in low-return equity markets, we feel
the Stacker ETFs™ hold significant appeal and can offer advisors
substitutes for active stock pickers given the transparency, return
parameters and outperformance potential.”
While the Funds are designed to not participate
in any QQQ or IWM ETF losses, as applicable, over the duration of
the Outcome Period as a whole, a decrease in the value of an
underlying asset’s share price may cause a decrease in the Fund’s
NAV while an Outcome Period is ongoing. Therefore an investor that
purchases Shares after an Outcome Period has begun may be exposed
to the downside risks for QQQ and IWM.
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.
Investors in the Innovator Stacker ETFs™ will
not receive dividend yield from their holdings in TSOC, DSOC or
DBOC, respectively; the ETFs are based on the price returns of the
reference ETFs (SPY, QQQ and IWM) over the length of the outcome
period. The Innovator Stacker ETFs™ will charge a 0.79% management
fee.
The Stacker ETFs™ are constructed using Cboe
FLEX Options, offering exposure to select equity markets rather
than investing in them directly. The FLEX Options forming the
underlying positions of the Innovator Stacker ETFs™ are based on
SPY, QQQ and IWM. The Innovator Stacker ETFs™ are likely to be
issued on a quarterly frequency.
The Stacker ETFs™ provide defined returns over
the entire Outcome Period, not on a daily basis. As a result,
interim returns may lag the reference benchmark ETFs. This is due
to the time-value nature of the underlying options held by the
fund; as such, the Stacker ETFs™ won’t maintain proportional betas
of 1.0 to the reference ETFs in instances of positive returns for
the associated equity benchmarks. Though they provide simultaneous
exposure to the upside of multiple benchmarks, the Stacker ETFs™
only seek to provide the positive performance of the reference ETFs
over the full Outcome Period, up to a cap, and/or 1:1 downside to
SPY over the Outcome Period. In the interim, or intra-Outcome
Period, investors can expect the Stacker ETFs™ to exhibit lower
beta than traditional passive index-tracking ETFs. An investor that
purchases Shares after an Outcome Period has begun may be exposed
to the downside risks for QQQ and IWM.
At the end of TSOC, DSOC and DBOC’s outcome
period, September 30, 2021, the ETFs will simply rebalance and
reset, providing investors with new upside caps and a fresh 9%
Buffer, respectively, over the next one year outcome period. The
Stacker ETFs™ do not expire and can be long-term core equity
holdings in a portfolio. The options-based ETFs are anticipated to
be as tax-efficient as traditional equity ETFs, with no planned cap
gains distributions to shareholders and investors being able to
defer taxes until selling. For real-time information regarding the
remaining upside cap and/or downside buffer on any Innovator
Defined Outcome ETF during a fund’s Outcome Period, visit
the Innovator Defined Outcome ETF Pricing
Tool.
The Equity Buffer ETFs™ and the Stacker ETFs™
are part of Innovator’s category-creating Defined Outcome ETF™
family – the first group of ETFs that allow investors to take
advantage of market growth, to a cap, while maintaining defined
levels of downside exposure, including built-in buffers against
losses of -9% (“Buffer”), -15% (“Power Buffer”) or -30% (“Ultra
Buffer”) in a tax-efficient vehicle over a one year outcome period.
In addition to the three planned Stacker ETFs, Innovator currently
has 51 total Defined Outcome Buffer ETFs™ in the market, including
the Defined Outcome Bond ETFs™ launched in August, as well as the
Innovator Laddered Fund of S&P 500 Power Buffer ETFs (BUFF),
with total assets under management (AUM) of $3.34 billion and $1.44
billion in inflows year-to-date4. In addition to being named “ETF
Issuer of the Year – 2019” in the seventh annual ETF.com Awards*,
acknowledging the rapid advisor adoption and the positive potential
impact on investor behavior of the Defined Outcome ETFs™, Innovator
won “Newcomer Alternative ETF of the Year” and was “Highly
Commended” for “ETF Suite of the Year” at the Mutual Fund Industry
and ETF Awards 2020 by Fund Intelligence** in July. Additionally,
Innovator defended their 2019 win for the “Asset Managers: ETFs”
award at the 2020 WealthManagement.com Industry Awards.
Innovator Defined Outcome ETFs - Benefits to
Advisors
- Pioneer and creator
of Defined Outcome ETFs™ with 54 ETFs and $3.34 billion in AUM
across family5
- Tax-efficient
exposure to five broad benchmark equity indexes (S&P 500,
NASDAQ 100, Russell 2000, MSCI EAFE, MSCI EM) and now the 20+ Year
U.S. Treasury Market
- Monthly issuance on
the S&P 500 with three buffer levels (9,15, or 30%)
- Only sponsor with a
track record of multiple completed Outcome Periods6
Innovator's Defined Outcome ETFs are the subject
of a patent application filed with the U.S. Patent and Trademark
Office.
About Innovator Defined Outcome
ETFs Defined Outcome ETFs™ are the world’s first ETFs that
seek to provide investors the upside performance of broadly
recognized benchmarks (e.g., S&P 500, Nasdaq 100, Russell 2000,
MSCI EAFE, and MSCI Emerging Markets, as well as the iShares 20+
Year Treasury Bond ETF (TLT)) to a cap, with defined levels of
downside exposure, including built-in buffers, over an outcome
period of one year. The ETFs reset annually and can be held
indefinitely.
Each Buffer ETF™ in Innovator’s Defined Outcome
ETF™ suite seeks to provide a defined exposure to a broad market
benchmark where the downside buffer level, upside growth potential
to a cap, and Outcome Period are all known, prior to investing. In
2019, Innovator began expanding its suite of S&P 500 Buffer
ETFs™ into a monthly series to provide investors more opportunities
to purchase shares as close to the beginning of their respective
Outcome Periods as possible.
Investors can purchase shares of a previously
listed Defined Outcome ETF throughout the entire Outcome Period,
obtaining a current set of defined outcome parameters, which are
disclosed daily through a web tool available at:
http://innovatoretfs.com/define.
Innovator is focused on delivering defined
outcome-based solutions inside the benefit-rich ETF wrapper,
retaining many of the features that have contributed to the success
of structured products7 (e.g., downside buffer levels, upside
participation, defined outcome parameters), but with the added
benefits of transparency, liquidity, the elimination of credit risk
and lower costs afforded by the ETF structure.
About Innovator Capital Management,
LLCAwarded ETF.com's "ETF Issuer of the Year - 2019",
Innovator Capital Management LLC (Innovator) is an SEC-registered
investment advisor (RIA) based in Wheaton, IL. Formed in 2014,
the firm is currently headed by ETF visionaries Bruce Bond and John
Southard, founders of one of the largest ETF providers in the
world. Bond and Southard reentered the asset management industry to
bring to market first-of-their-kind investment opportunities,
including the Defined Outcome ETFs™, products that they felt
would change the investing landscape and bring more certainty
to the financial planning process. The category-creating Defined
Outcome ETFs™ seek to provide investors structured exposures to
broad markets, where the upside growth potential, buffer against
the downside, and outcome period are all known, prior to investing.
Having launched the first Defined Outcome ETFs™ in 2018 -- the
flagship Innovator S&P 500 Buffer ETF™ Suite -- Innovator has
listed ETFs on other key exposures, allowing advisors to
construct diversified portfolios with built-in buffers for better
risk management. Built on a foundation of innovation and driven by
a commitment to help investors better control their financial
outcomes, Innovator is leading the Defined Outcome ETF
Revolution™. For additional information, visit
www.innovatoretfs.com.
About Cboe Global
Markets, Inc.Cboe Global Markets (Cboe:
CBOE) is one of the world’s largest exchange-holding companies,
offering cutting-edge trading and investment solutions to investors
around the world. For more information, visit
www.cboe.com.
About Milliman Financial Risk Management
LLCMilliman Financial Risk Management LLC (Milliman FRM)
is a global leader in financial risk management to the retirement
industry, providing investment advisory, hedging, and consulting
services on over $143 billion in global assets as of June 30, 2020.
Milliman FRM is one of the largest and fastest-growing subadvisors
of ETFs. For more information about Milliman FRM, visit
Milliman.com/FRM.
Media ContactPaul Damon+1 (802)
999-5526paul@keramas.net
Interim Period Shareholders
Unlike structured notes, which offer limited
liquidity, Innovator Defined Outcome ETFs™ trade throughout the day
on an exchange, like a stock. As a result, investors purchasing
shares of a Fund after its launch date may achieve a different
payoff profile than those who entered the Fund on day one.
Innovator recognizes this as a benefit of the Funds and provides a
web-based tool that allows investors to know, in real-time
throughout the trading day, their potential defined outcome return
profile before they invest, based on the current ETF price and the
Outcome Period remaining. Innovator’s web tool can be accessed at
http://www.innovatoretfs.com/define.
Although each Fund seeks to achieve the
defined outcomes stated in its investment objective, there is no
guarantee that it will do so. The returns that the Funds seek to
provide do not include the costs associated with purchasing shares
of the Fund and certain expenses incurred by the Fund.
While the Fund will not participate in any QQQ
or IWM ETF losses, as applicable, over the duration of the Outcome
Period as whole, a decrease in the value in the net performance of
the underlying assets’ share price will cause a decrease in the
Fund’s NAV while an Outcome Period is ongoing. In the event
an Outcome Period has begun and the underlying asset's share price
has increased in value, such an increase will be reflected in the
value of the Fund’s purchased call option on the underlying assets.
Accordingly, in the event that the underlying asset's share
price were to subsequently decrease in value, that decrease would
also be reflected in the value of that option, and therefore the
Fund’s NAV. An investor that purchases Fund Shares
after the underlying assets have increased in value during an
Outcome Period may be negatively affected by future decreases
during the remainder of the Outcome Period
Investing involves risks. Loss of
principal is possible. 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
detail list of fund risks see the prospectus.
Market Disruptions Resulting from
COVID-19. The outbreak of COVID-19 has negatively affected
the worldwide economy, individual countries, individual companies
and the market in general. The future impact of COVID-19 is
currently unknown, and it may exacerbate other risks that apply to
the Fund..
Technology Sector Risk
Companies in the technology sector are often smaller and can be
characterized by relatively higher volatility in price performance
when compared to other economic sectors. They can face intense
competition, which may have an adverse effect on profit
margins.
Small-Cap Risk
Small-cap companies may be more volatile and susceptible to adverse
developments than their mid- and large-cap counterpart. In
addition, the small-cap companies may be less liquid than larger
companies.
FLEX Options
Risk The Fund 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 Fund 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.
These Funds are designed to provide
point-to-point exposure to the price return of the Index via a
basket of Flex Options. As a result, the ETFs are not expected to
move directly in line with the Index during the interim period.
Investors purchasing shares after an outcome
period has begun may experience very different results than funds'
investment objective. Initial outcome periods are approximately
1-year beginning on the funds' inception date. Following the
initial outcome period, each subsequent outcome period will begin
on the first day of the month the fund was incepted. After the
conclusion of an outcome period, another will begin.
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 Funds' 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.
The Defined
Outcome Funds that include a
buffer objective only seek to provide shareholders
that hold shares for the entire Outcome Period with their
respective buffer level against Index losses during the Outcome
Period. You will bear all Index losses exceeding 9, 15 or 30%.
Depending upon market conditions at the time of purchase, a
shareholder that purchases shares after the Outcome Period has
begun may also lose their entire investment. For
instance, if the Outcome Period has begun and the Fund has
decreased in value beyond the pre-determined buffer, an investor
purchasing shares at that price may not benefit from the buffer.
Similarly, if the Outcome Period has begun and the Fund has
increased in value, an investor purchasing shares at that price may
not benefit from the buffer until the Fund's value has decreased to
its value at the commencement of the Outcome Period.
Nasdaq® is a registered trademark of
Nasdaq, Inc. (which with its affiliates is referred to as the
"Corporations") and is licensed for use by Innovator Capital
Management, LLC. The Product(s) have not been passed on by the
Corporations as to their legality or suitability. The Product(s)
are not issued, endorsed, sold, or promoted by the
Corporations.
THE CORPORATIONS MAKE NO WARRANTIES AND
BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).
The Innovator Russell 2000 Power Buffer
ETF™ (the “Fund”) has been developed solely by
Innovator Capital Management, LLC. The “Fund” is not in any way
connected to or sponsored, endorsed, sold or promoted by the London
Stock Exchange Group plc and its group undertakings (collectively,
the “LSE Group”). FTSE Russell is a trading name of certain of the
LSE Group companies. All rights in the Russell 2000 Index (the
“Index”) vest in the relevant LSE Group company,
which owns the Index. “FTSE®” “Russell®”, and
“FTSE Russell®” are trade marks of the relevant LSE Group company
and are used by any other LSE Group company under
license.
The Index is calculated by or on behalf
of FTSE International Limited or its affiliate, agent or partner.
The LSE Group does not accept any liability whatsoever to any
person arising out of (a) the use of, reliance on or any error in
the Index or (b) investment in or operation of the Fund. The LSE
Group makes no claim, prediction, warranty or representation either
as to the results to be obtained from the Fund or the suitability
of the Index for the purpose to which it is being put by Innovator
Capital Management, LLC.
The ETFs referred to herein is not
sponsored, endorsed, or promoted by MSCI Inc. or based upon the
MSCI EAFE and MSCI Emerging Markets Indexes. MSCI Inc. bears no
liability with respect to the ETFs.
MSCI, MSCI EAFE, and MSCI Emerging
Markets are trademarks or service marks of MSCI Inc. or its
affiliates (“Marks”) and are used hereto subject to license from
MSCI. All goodwill and use of Marks inures to the benefit of MSCI
and its affiliates. No other use of the Marks is permitted without
a license from MSCI.
Cboe Global Markets, Inc., and its
affiliates do not recommend or make any representation as to
possible Benefits from any securities, futures or investments, or
third-party products or services. Cboe Global Markets, Inc., is not
affiliated with S&P DJI, Milliman, or Innovator Capital
Management. Investors should undertake their own due diligence
regarding their securities, futures and investment
practices.
Cboe Global Markets, Inc., and its
affiliates make no warranty, expressed or implied, including,
without limitation, any warranties as of merchantability, fitness
for a particular purpose, accuracy, completeness or timeliness, or
as to the results to be obtained by recipients of the
products.
* ETF.com’s editorial team
chose the finalists and then the ETF.com Awards Selection
Committee, an independent panel comprised of fifteen of the ETF
industry’s leading analysts, consultants and investors, decided the
winners.
** The shortlists and winners
are comprised of individuals and firms who have submitted entries
or been nominated via the online submission process, as well as
through recommendations from leading market participants. Judges
will judge the ETF categories and will use the submitted
application material, as well as any uploaded supplemental
information, to determine which firm, individual or product they
believe to be the most suitable and deserving winners for each
category.
Innovator ETFs™, Defined Outcome ETF™, Buffer
ETF™, Enhanced ETF™, Define Your Future™, Leading the Defined
Outcome ETF Revolution™ and other service marks and trademarks
related to these marks are the exclusive property of Innovator
Capital Management, LLC.
The Funds' investment objectives, risks, charges
and expenses should be considered before investing. The prospectus
contains this and other important information, and it may be
obtained at innovatoretfs.com. Read it carefully before
investing.
Innovator ETFs are distributed by Foreside Fund
Services, LLC.
Copyright © 2020 Innovator Capital Management,
LLC.
800.208.5212
1 QQQ is the ticker for the Nasdaq QQQ Trust based on the Nasdaq
100; Growth & Technology benchmark2 IWM is the ticker for the
iShares Russell 2000 ETF, representing the U.S. Small-Cap universe3
For full Outcome Period analysis, use Innovator’s Previous Outcome
Period Tool by navigating to BOCT, POCT, UOCT, NOCT and/or KOCT
with the dropdown function on this page:
http://www.innovatoretfs.com/define/previous/4 AUM and flows are
through September 30, 2020. 5 AUM in all Innovator
Defined Outcome ETFs™ as of 9.30.2020. 6 Innovator Capital
Management, LLC is the only issuer that has multiple Defined
Outcome ETFs™ available that have completed a one-year Outcome
Period, with nine S&P 500 monthly series resets to date, one
reset for the MSCI EAFE Power Buffer ETF™ and MSCI Emerging Markets
Power Buffer ETF™ suites and one reset for the quarterly-issued
Nasdaq 100 Power Buffer ETF™ and Russell 2000 Power Buffer ETF™
suites. 7 Structured notes and structured annuities are
financial instruments designed and created to afford investors
exposure to an underlying asset through a derivative contract. It
is important to note that these ETFs are not structured notes or
structured annuities.
Cboe Global Markets (AMEX:CBOE)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Cboe Global Markets (AMEX:CBOE)
Historical Stock Chart
Von Jul 2023 bis Jul 2024