UMAR

Innovator U.S. Equity Ultra Buffer ETF - March

$39.23

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The Innovator U.S. Equity Ultra Buffer ETF - March (UMAR) seeks to provide investors with returns that match those of the S&P 500 Index, up to a cap, while providing a buffer against the first 30% of losses over the course of an outcome period.

Overview

ETF tracking Innovator U.S. Equity Ultra Buffer ETF - March

Category Leveraged

Issuer Other

Inception Date 2020-03-02

Market Cap $198.1M

Average Volume N/A

Dividend Yield N/A

52-Week Range $33.82 - $39.43

VWAP $39.19

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

UMAR is a leveraged ETF that uses options strategies to provide the desired upside participation and downside protection. The fund resets its parameters annually in March, with a new outcome period beginning each year.

✨ Key Features

Provides exposure to the S&P 500 Index with a 30% buffer against losses
Caps upside returns at a predetermined level to fund the downside protection
Resets parameters annually in March, with a new outcome period beginning each year
Expense ratio of 0.00%

⚠️ Primary Risks

Market risk: The fund's returns are tied to the performance of the S&P 500 Index and are subject to market volatility
Capped upside potential: The fund's returns are capped, limiting the upside participation compared to the underlying index
Outcome period risk: Investors may only receive the intended outcomes if they hold the shares consistently for the full outcome period
Liquidity risk: The fund may experience lower trading volumes, which could impact the ability to buy or sell shares at desired prices

👤 Best For

UMAR may be suitable for investors seeking equity market exposure with a level of downside protection, who have a medium-term investment horizon and are comfortable with the fund's capped upside potential.