Tuesday, 02 January 2024 12:17 GMT

Innovator Expands Industry-Leading Lineup With Four New Buffer Etfs™


(MENAFN- GlobeNewsWire - Nasdaq)
  • Bolstered by strong investor demand for its suite of 100% Buffer ETFsTM, Innovator adds to its lineup of 1-year 100% Buffer ETFsTM.
  • The launch expands the industry's largest lineup of 100% Buffer ETFsTM and the only to offer 100% protection across 6-month, 1-year and 2-year outcome periods.
  • Three new ETFs providing 15% buffers on the Nasdaq-100 ETF (QQQ), Russell 2000 ETF (IWM), and MSCI EAFE ETF (EFA) give investors more ways to add known levels of risk management across specific segments of the global equity market.

WHEATON, Ill., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Innovator Capital Management, LLC (Innovator), creator and pioneer of Buffer ETFTM investing, today announced the listing of a 1-year 100% Buffer ETFTM (ZAUG), as well as three other 15% Buffer ETFs.

ZAUG lists in the wake of strong demand for Innovator's July series of 100% Buffer ETFsTM, having garnered more than a quarter-billion dollars of inflows in their first month of trading.

After launching the industry's first 100% Buffer ETFTM in July 2023, ZAUG is Innovator's seventh 100% Buffer ETFTM in a series that is set to grow to more than 20 ETFs, spanning 6-month, 1-year, and 2-year outcome periods.

“A large part of the demand for these products has been from investors looking to put sidelined cash to work as the stock market hovers around all-time highs,” noted Innovator CEO Bruce Bond.“With double the upside potential of money-market funds, built-in 100% downside protection, and capital-gains taxation, these ETFs are a timely solution for investors who want to avoid losses, but who want to pursue higher returns than money-market funds can offer.”

Innovator also listed three 15% Buffer ETFsTM on the Nasdaq-100 ETF (QQQ), Russell 2000 ETF (IWM), and MSCI EAFE ETF (EFA).

“Many investors have little or no exposure to small-cap or international stocks on account of the perceived higher risk,” said Innovator CIO Graham Day.“Looking ahead at a potentially advantageous rate environment for small-cap and international stocks, our U.S. Small Cap Buffer ETFsTM and International Developed Buffer ETFsTM offer a way for investors to initiate positions in these market segments, with known levels of built-in risk management.”

Innovator Buffer ETFsTM listed on August 1:

Ticker Name Reference Asset Buffer Upside Cap Outcome Period
ZAUG Equity Defined Protection ETF - 1 Yr S&P 500 ETF 100% 8.82% 1 Year
NAUG Growth-100 Power Buffer ETFTM Nasdaq-100 ETF 15% 15.75% 1 Year
KAUG U.S. Small Cap Power Buffer ETFTM Russell 2000 ETF 15% 19.61% 1 Year
IAUG Intl Developed Power Buffer ETFTM MSCI EAFE ETF 15% 16.16% 1 Year


See the full list of Innovator ETFs listing and rebalancing on August 1.

About Innovator

Innovator was established in 2017 by Bruce Bond and John Southard, founders of the PowerShares ETF lineup that has grown to be the fourth largest in the world. The listing of three Innovator Buffer ETFsTM in August 2018 marked the creation of the world's first Defined Outcome ETFsTM. Innovator is dedicated to providing ETFs with built-in risk management that offer investors a high level of predictability around their investment outcomes. Today, with more than 100 offerings, Innovator is the industry's leading provider of Defined Outcome ETFsTM.

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.

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 detailed list of fund risks see the prospectus.

There is no guarantee the Funds will be successful in providing the sought-after protection. If the Outcome Period has begun and the Underlying ETF has increased in value, any appreciation of the Fund by virtue of increases in the Underlying ETF since the commencement of the Outcome Period will not be protected by the Buffer, and an investor could experience losses until the Underlying ETF returns to the original price at the commencement of the Outcome Period.

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 Fund's website, , provides important Fund information as well information relating to the potential outcomes of an investment in a Fund on a daily basis.

Non-U.S. securities are subject to higher volatility than securities of domestic issuers due to possible adverse political, social or economic developments, restrictions on foreign investment or exchange of securities, lack of liquidity, currency exchange rates, excessive taxation, government seizure of assets, different legal or accounting standards, and less government supervision and regulation of securities exchanges in foreign countries.

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.

These Funds are designed to provide point-to-point exposure to the price return of the Reference Asset via a basket of Flex Options. As a result, the ETFs are not expected to move directly in line with the Reference Asset during the interim period.

Investors purchasing shares after an outcome period has begun may experience very different results than fund's investment objective. Initial outcome periods are approximately 6 months, 1 year and 2 years, beginning on each fund's 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.

FLEX Options Risk The Funds 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 Funds 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.

Investing involves risk. Principal loss is possible. All rights reserved. Innovator ETFs are distributed by Foreside Fund Services, LLC.

The Funds' 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 ETFs®, Barrier ETFTM, Buffer ETFTM, Defined Outcome Bond ETF®, Defined Outcome ETFsTM, Defined Protection ETFTM, Define Your Future®, Enhanced ETFTM, Floor ETF®, Innovator ETFs®, Leading The Defined Outcome ETF RevolutionTM, Managed Buffer ETFs®, Managed Outcome ETFs®, Step-UpTM, Step-Up ETFsTM, Target Protection ETFTM 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.

Copyright © 2024 Innovator Capital Management, LLC |

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