APRH Profile
The Innovator Premium Income 20 Barrier ETF - April seeks to provide income by investing primarily in U.S. Treasury bills and FLEX Options tied to a broad-based U.S. equity index, such as the S&P 500 Price Return Index. The fund allocates at least 80% of its net assets to these instruments, aiming to generate returns through a combination of fixed-income securities and options strategies. FLEX Options, which are exchange-traded with customizable terms, enable the fund to tailor its exposure and manage risk effectively.
The fund employs a barrier strategy, providing a 20% buffer against losses in the U.S. Equity index. This means that if the index declines by 20% or less over a specified period, the fund is designed to protect investors from those losses. This approach appeals to income-seeking investors who want to participate in the equity market's upside potential while mitigating downside risk. The barrier strategy is a key feature that differentiates this ETF from traditional income funds.
The Innovator Premium Income 20 Barrier ETF - April is non-diversified, focusing its investments on a limited number of securities. This concentration allows the fund to maintain a targeted approach to income generation and risk management. By investing in U.S. Treasury bills, the fund ensures a high level of credit quality and liquidity, while the inclusion of FLEX Options provides the flexibility to adapt to changing market conditions.
Managed by Innovator Capital Management, the fund leverages the firm's expertise in developing innovative investment solutions. Innovator is known for its pioneering approach to defined outcome ETFs, offering products that combine growth potential with downside protection. The Premium Income 20 Barrier ETF - April is part of Innovator's broader suite of income-focused strategies, designed to meet the needs of investors seeking reliable income streams with a measure of safety in volatile markets.
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