BSTP - Innovator Buffer Step-Up Strategy ETF
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Buffer Step-Up Strategy ETF™
 BSTP
ETF SUMMARY
The Innovator Buffer Step-Up Strategy ETF™ is an actively-managed fund that seeks to provide risk-managed exposure to the SPDR S&P 500 ETF Trust (SPY). The fund is a one-ticker solution designed to offer an opportunistically-managed buffer strategy. The ETF is evaluated monthly and can be held indefinitely.
Innovator Managed Outcome ETFs™ seek to offer investors exposure to strategies that implement defined outcomes in innovative ways.
The Fund has 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.
GROWTH OF $10,000
Data from 3/7/2022 to 12/20/2024
ETF PERFORMANCE & BENCHMARK HISTORY Quarter End | Month End
 YTD1 Year3 Year5 YearInception
Fund NAV14.84%23.71%--10.19%
Fund Closing Price14.98%23.92%--10.23%
S&P 500 Price Return Index20.81%34.38%--13.10%
Data as of 9/30/2024. The Fund incepted on 3/7/2022. Performance quoted represents past performance, which is no guarantee of future results. Investment returns and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Returns less than one year are cumulative. One cannot invest directly in an index.
CURRENT HOLDINGS
October 2024 Series
ON DECEMBER 1, BSTP WILL CONTINUE HOLDING THE OCTOBER SERIES
SIGNUP FOR STEP-UP HOLDING ALERTS
 
ETF DETAILS
Ticker
BSTP
Listing Date
3/8/2022
Number of Holdings
5
Expense Ratio
0.89%
Starting Buffer
9%
Evaluation Frequency
Monthly
Exchange
NYSE Arca
TRADING DETAILS
NAV
$33.45
Closing Price
$33.37
Premium/Discount
-$0.08 / -0.24%
30 Day Median Bid-Ask Spread
0.27%
Shares Outstanding
2,025,000
Market Value
$67,736,753
As of 12/20/2024
MARKET DETAILS
Last Price
$33.37
Change
+$0.28 / +0.85%
Bid / Ask
$30.07 / $50.25
Midpoint
$40.16
Volume
8,800
As of 12/20/2024
Need Help Trading BSTP?
See our 3 Rules for ETF Trading
ETF STRATEGY
SPY EXPOSURE
EVALUATED MONTHLY
SET BUFFER LEVEL
ALL HOLDINGS
Holdings are subject to change.
DISTRIBUTIONS
Ex-Dividend Date Record Date Payable Date Income Short Term Gains Long Term Gains Return of Capital Total Distribution
This fund has not made any distributions.
NEED HELP TRADING BSTP?
If you have questions around BSTP execution, we can help you find the best price available on the market. Feel free to email or call us directly at 800.208.5212, or contact your trade desk to walk you through how to achieve best execution.
3 RULES FOR ETF TRADING
• Avoid trading on the open or the close
• Use limit orders
• Leverage resources that can help
 
Leading the Defined Outcome ETF Revolution™
Investing involves risks, and loss of principal is possible. The Fund may 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.Management Risk The Fund is subject to management risk because it is an actively managed portfolio. The Sub-Adviser will apply investment techniques and risk analyses in making investment decisions for the Fund, but there can be no guarantee that the Fund will meet its investment objective.Step-Up Strategy Risk. There is no guarantee the Fund will be successful in implementing a step-up strategy. In order to provide the Buffer, the Fund's strategy is subject to maximum potential gains. This maximum potential gain will likely change at each resetting of the Option's Portfolio. In the event an investor purchases Shares after the FLEX Option contracts were entered into and prior to a step-up or the expiration of such option contracts, there may be little or no ability for that investor to experience an investment gain on their Shares or little or no ability to benefit from the Buffer until the Sub-Adviser rebalances the Fund's Options Portfolio. However, there is no guarantee that, at the end of any given month, the Fund will be able to enter a more advantageous Options Portfolio and implement the step-up mechanism.The fund does not pursue a defined outcome strategy. The Fund's step-up strategy may result in performance that is lower than that of the Underlying ETF or of a fund with an options portfolio that does not implement a step-up strategy. Because the value of the Options Portfolio does not increase or decrease at the same rate as the Underlying ETF's share price on a day-to-day basis (although they generally move in the same direction) there will be periods of time in which the Fund's NAV underperforms the price return of the Underlying ETF. In this situation, if the Sub-Adviser rebalances the Options Portfolio prior to its one-year expiration in accordance with the step-up strategy, the Fund may have underperformed the Underlying ETF for that period of time. Similarly, the Sub-Adviser may elect to reset the Fund's Options Portfolio at a point in time in which the Fund has utilized all or a portion of its Buffer. While this will provide shareholders with the potential of an additional Buffer, the Options Portfolio would simultaneously reset its maximum gain potential and could lower the Fund's upside performance potential over certain time periods.Buffer Risk There can be no guarantee that the Fund will be successful in providing the Buffer. A shareholder may lose their entire investment. The Buffer is provided at the expiration of the options contracts. Any interim losses experienced by the Underlying ETF may be experienced by the Fund and its shareholders. Because the Options Portfolio provides a Buffer against the first 9% or 15% of Underlying ETF losses only for the duration of the one-year term of the options contract, it is possible that, during the term of any Options Portfolio, shareholders will realize some losses on initial price decreases of the Underlying ETF of less than 9% or 15%. These potential losses are possible even if a shareholder remained in the Fund for a one-year period after an Options Portfolio was established, as it is likely that the Options Portfolio will reset during time.
Shares are bought and sold at market price, not net asset value (NAV), and are not individually redeemable from the fund. NAV represents the value of each share's portion of the fund's underlying assets and cash at the end of the trading day. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where fund shares are listed.
© 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
Nothing on this website should be considered a solicitation to buy or an offer to sell shares of any Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
Investing involves risk. Principal loss is possible. All rights reserved. Innovator ETFs are distributed by Foreside Fund Services, LLC.
The Fund's 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 ETF®, Barrier ETF™, Buffer ETF™, Defined Outcome Bond ETF®, Defined Outcome ETFs™, Define Your Future®, Enhanced ETF™, Floor ETF®, Innovator ETFs®, Leading the Defined Outcome ETF Revolution™, Managed Buffer ETF®, Managed Outcome ETF®, Step-Up™, Step-Up ETFs™, 100% Buffer ETFs™ 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.
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