Key stats
About Innovator Defined Wealth Shield ETF
Expense ratio
0.69%
Home page
Inception date
Jul 1, 2021
BALT actively manages FLEX options in efforts to participate in the price return of the SPDR S&P 500 ETF Trust (SPY), up to a cap, and provide partial downside protection over a three-month outcome period. The fund foregoes some upside return as well as the S&P 500s dividend component, because the options are written on the price (not total) return version of the index. In exchange for preventing realization of the first 15-20% of the losses in value of SPY shares, investors forego upside participation above a certain threshold, which is reset quarterly. Investors who buy at any other time than the quarterly reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the outcome period to pursue the intended results. The targeted buffers and caps do not include the funds expense ratio.
Classification
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants100.37%
Cash0.08%
Miscellaneous−0.45%