Innovator Capital Management, LLC (Innovator) announced today the April series Innovator Nasdaq-100 Power Buffer ETF™ (NAPR) and Innovator Russell 2000 Power Buffer ETF™ (KAPR) are scheduled to begin trading, expanding its category-creating Defined Outcome ETF™ suite to forty-three Buffer ETFs in total.
Additionally, the April series of Innovator S&P 500 Buffer ETFs successfully completed their initial outcome period and was reset yesterday, based on the current level of the S&P 500 Price Return Index, receiving new upside caps and downside buffers for the next one-year outcome period ahead, which concludes on March 31, 2021.
“Our April Buffer ETF™ series features some the highest upside cap rates we have seen since our Defined Outcome ETF suite launched in 2018,” said Bruce Bond, CEO of Innovator ETFs. “Defined Outcome ETFs are particularly well suited for the current market environment – allowing advisors to increase equity exposure with a greater degree of confidence after this big market pullback, knowing they have specific downside buffer levels against loss.
“With the significant upside caps now available, the April series of Innovator S&P 500, Nasdaq 100, and Russell 2000 Buffer ETFs can be an ideal solution for advisors positioning client portfolios for a potential market rebound.”
Return profiles for the April Series of Innovator S&P 500, Nasdaq 100, and Russell 2000 Buffer ETFs, as of 4/1/20
| Ticker | Name | Buffer Level | Cap Range* | Outcome Period |
| BAPR | Innovator S&P 500 Buffer ETF™ |
9.00% | 22.00% | 12 months 4/1/20 – 3/31/21 |
| PAPR | Innovator S&P 500 Power Buffer ETF™ |
15.00% | 15.40% | 12 months 4/1/20 – 3/31/21 |
| UAPR | Innovator S&P 500 Ultra Buffer ETF™ |
30.00%
(-5% to -35%) |
9.80% | 12 months 4/1/20 – 3/31/21 |
| NAPR | Innovator Nasdaq 100 Power Buffer ETF™ |
15.00% | 17.95% | 12 months 4/1/20 – 3/31/21 |
| KAPR | Innovator Russell 2000
Power Buffer ETF™ |
15.00% | 15.06% | 12 months 4/1/20 – 3/31/21 |
*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.
Innovator Defined Outcome ETFs – Benefits to Advisors
- Pioneer and Creator of Defined Outcome ETFs with over $2 billion AUM across suite
- Tax efficient exposure to five broad benchmark indexes (S&P 500, Nasdaq 100, Russell 2000, MSCI EAFE, & EM)
- Lowest cost available1
- Monthly issuance on the S&P 500 with three buffer levels (9,15, or 30%)
- Only sponsor with a track record of completed Outcome Periods2
