Innovator Lists October Series of S&P 500 Defined Outcome ETFs, Expands Defined Outcome Suite to Six ETFs
Innovator Capital Management, LLC (Innovator) announced today the October Series of Innovator S&P 500 Defined Outcome ETFs has begun trading on the Cboe. Innovator S&P 500 Defined Outcome ETFs seek to offer investors exposure to the S&P 500 Price Return Index (S&P 500) to a Cap, with downside buffer levels of 9%, 15%, or 30% over an Outcome Period of approximately one year, at which point each ETF will reset.
The ETFs issued are the following:
Ticker | October Series | Buffer Level | Outcome Period |
BOCT | Innovator S&P 500 | 9.00% | 12 months |
Buffer ETF | 10/01/18 - 9/30/19 | ||
POCT | Innovator S&P 500 | 15.00% | 12 months |
Power Buffer ETF | 10/01/18 - 9/30/19 | ||
UOCT | Innovator S&P 500 | 30.00% | 12 months |
Ultra Buffer ETF | (-5% to -35%) | 10/01/18 - 9/30/19 |