BJUL Profile
The
Innovator S&P 500 Buffer ETF Jul (BJUL) is an exchange-traded fund
that seeks to provide investors with exposure to the S&P 500 Index
while also offering downside protection against market volatility. The
fund is managed by Innovator Capital Management, LLC, a registered
investment advisor that specializes in defined outcome ETFs.
The BJUL ETF is designed to track the price and yield performance,
before fees and expenses, of the S&P 500 Dynamic Buffer Index - July.
This index aims to provide investors with a buffer against the first
15% of losses in the S&P 500 Index, while also allowing investors to
participate in the upside potential of the index up to a cap. As of
September 2021, the cap for BJUL is 10.72%.
The expense ratio
for the BJUL ETF is 0.79%, which is relatively high compared to other
ETFs but is in line with other defined outcome ETFs. Investors should
be aware that while the fund's downside protection feature can provide
some level of security against market volatility, it also means that
the fund's returns may be lower than the S&P 500 Index in a strong
market environment.
Overall, the Innovator S&P 500 Buffer ETF
Jul may be a suitable investment for investors who seek exposure to
the S&P 500 Index while also seeking downside protection against
market volatility. However, investors should carefully consider their
investment goals and risk tolerance before investing in the fund, as
well as the potential trade-offs between downside protection and
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