Innovator ETFs: Defined Outcome ETF Caps & Distribution Rates
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CAPS & DISTRIBUTION RATES
ETFs Rebalanced & Listed November 2024
View Starting Rates
ETFs Rebalanced & Listed November 2024
100% Buffer ETFs™
Ticker   Name Ref. Asset Protection Outcome Period Starting Cap
ZNOV Listed 11/1! Equity Defined Protection ETF SPY 100% Buffer¹ 1 Year 7.49%
 
Buffer ETFs™
Ticker   Name Ref. Asset Protection Outcome Period Starting Cap
KNOV Listed 11/1! U.S. Small Cap Power Buffer ETF IWM 15% Buffer 1 Year 17.81%
NNOV Listed 11/1! Growth-100 Power Buffer ETF QQQ 15% Buffer 1 Year 15.83%
BNOV   U.S. Equity Buffer ETF SPY 9% Buffer 1 Year 15.90%
PNOV   U.S. Equity Power Buffer ETF SPY 15% Buffer 1 Year 12.45%
UNOV   U.S. Equity Ultra Buffer ETF SPY 30% (-5 to -35%) Buffer 1 Year 11.77%
INOV   Intl Developed Power Buffer ETF EFA 15% Buffer 1 Year 15.56%
1. Before fees and expenses.
100% Buffer ETFs: seek to track the return of SPY, to a cap, with a 100% downside buffer over the outcome period, before fees and expenses.

Buffer ETFs™: Seek to provide investors with equity market appreciation, up to a cap, and downside buffer levels, over a 3-month or 1-year outcome period.

Premium Income Buffer ETFs™: Seek to provide shareholders that hold shares for the entire outcome period with a buffer against the first 9% or 15% of Underlying ETF losses during the outcome period. The Fund's shareholders will bear all Underlying ETF losses exceeding the buffer on a one-to-one basis. There is no guarantee that the Fund will be successful in its attempt to implement the Buffer.

Premium Income Barrier ETFs™: Seek to provide investment performance for each Outcome Period that is equal to the Defined Distribution Rate, subject to the losses experienced by the S&P 500 Price Return Index, if such losses exceed the Barrier at the end of the Outcome Period.

Accelerated ETFs®: Seek to offer approximately 2 or 3 times the upside return of SPY or QQQ, to a cap, with approximately single exposure to the downside, over a 3-month or 1-year outcome period.

Reference Asset is the market in which the ETF pursues its defined investment outcome. Protection is the amount and type of downside risk management the fund seeks to provide. Outcome Period is to the time period the fund seeks to achieve its stated cap and buffer. Cap is the maximum potential return if held to the end of the current Outcome Period.
Upside/downside refers to the fund's upside and downside participation levels, to a cap, of the reference asset.
There is no guarantee the funds will achieve their investment objectives. The funds have characteristics unlike other traditional investment products and may not be suitable for all investors. Please see "investor suitability" in the prospectus. Shares purchased after the start of an outcome period may be subject to enhanced risks.
SPX: S&P 500 Price Return Index; SPY: SPDR® S&P 500® ETF Trust; QQQ: Invesco QQQ Trust; IWM: iShares Russell 2000 ETF; EFA: iShares MSCI EAFE ETF; EEM: iShares MSCI Emerging Markets ETF; TLT: iShares 20+ Year U.S. Treasury ETF