Symbols

XBJL

Innovator U.S. Equity Accelerated 9 Buffer ETF – July·CBOE

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Key Stats

Assets Under Management

127.54MUSD

Fund Flows (1Y)

-14.12MUSD

Dividend Yield

Discount/Premium to NAV

-0.05%

Shares Outstanding

3.30M

Expense Ratio

0.79%

About Innovator U.S. Equity Accelerated 9 Buffer ETF – July

Issuer

Innovator

Brand

Innovator

Home Page

https://www.innovatoretfs.com/etf/?ticker=xbjl

Inception Date

Jun 30, 2021

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Innovator Capital Management LLC

Distributor

Foreside Fund Services LLC

XBJL uses FLEX options, in an effort to participate in up to 2x upside price movement of the SPDR S&P 500 ETF (Ticker: SPY) over a one-year period starting each July. The fund foregoes some upside return as well as dividend payments made by SPY. In exchange for preventing realization of the first 9% of SPYs losses, investors forego upside participation above a certain threshold, which is reset annually. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the period to achieve the intended results. The targeted cap and buffers do not include the fund's expense ratio.