UMAY

📎 Investment Objective

The Innovator U.S. Equity Ultra Buffer ETF - May (UMAY) seeks to provide exposure to the U.S. equity market with a built-in buffer against losses of up to 30% over an outcome period of approximately one year.

✨ Key Features

• Seeks to provide a buffer against the first 30% of losses in the U.S. equity market over a one-year outcome period
• Resets its buffer and upside caps annually, providing a new outcome period with updated parameters
• Utilizes an options-based strategy to achieve its investment objective
• Expense ratio of 0.00%

⚠️ Primary Risks

• Market risk: The fund's value may decrease due to changes in the overall market
• Options risk: The fund's use of options may not be successful and could result in losses
• Outcome period risk: The fund's outcomes are only applicable for the specific outcome period, and there is no guarantee the fund will achieve its stated objectives in future outcome periods
• Liquidity risk: The fund's shares may trade at a premium or discount to their net asset value

👤 Best For

UMAY may be suitable for investors seeking exposure to the U.S. equity market with a level of downside protection, and who are willing to hold the fund for the duration of the outcome period to potentially benefit from the buffer and upside participation features.