{"id":401111,"date":"2020-12-16T10:57:02","date_gmt":"2020-12-16T15:57:02","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401111"},"modified":"2020-12-16T10:57:02","modified_gmt":"2020-12-16T15:57:02","slug":"innovator-etfs-to-offer-fresh-defined-outcomes-for-calendar-year-2021-rebalancing-seven-january-buffer-etfs-launching-three-new-stacker-etfs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/innovator-etfs-to-offer-fresh-defined-outcomes-for-calendar-year-2021-rebalancing-seven-january-buffer-etfs-launching-three-new-stacker-etfs\/","title":{"rendered":"Innovator ETFs to Offer Fresh Defined Outcomes for Calendar Year 2021, Rebalancing Seven January Buffer ETFs, Launching Three New Stacker ETFs"},"content":{"rendered":"
\n

\n
\n January series of the \u201cStackers\u201d (TSJA, DSJA, DBJA) to list January 4th \u2013 the world\u2019s first ETFs that seek to offer \u201cstacked\u201d exposure to 2 or 3 equity ETFs (SPY, QQQ, IWM), to a cap, with downside exposure to the SPY, over the course of a 1-year Outcome Period<\/em>
\n <\/strong>
\n \n <\/p>\n

\n
\n New upside cap ranges and refreshed buffers for January series of the S&P 500 Buffer ETFs (BJAN, PJAN, UJAN) and Power Buffer ETFs on Nasdaq-100 (NJAN), Russell 2000 (KJAN), MSCI EAFE (IJAN) and MSCI EM (EJAN)<\/em>
\n <\/strong>\n <\/p>\n

\n
\n S&P 500 Buffer ETFs seek to provide S&P 500 exposure up to a cap, with downside buffer levels of 9%, 15% or 30% over one-year Outcome Period starting January 1st<\/sup><\/em>
\n <\/strong>\n <\/p>\n

CHICAGO, Dec. 16, 2020 (GLOBE NEWSWIRE) — Innovator Capital Management<\/u><\/a>, LLC (Innovator) today announced the anticipated upside cap ranges and return profiles for the January series of the Defined Outcome ETFs<\/u>\u2122<\/u><\/a>, including the latest Stacker ETFs\u2122<\/u><\/a>, slated to list January 4th. The return profiles for the ten ETFs in the January series will span the calendar year from January 1st<\/sup>, 2021 to December 31st<\/sup> 2021, aligning with many advisors\u2019 annual rebalancing and portfolio management activities.<\/p>\n

\u201cWith seven resets across Innovator\u2019s Buffer ETFs\u2122<\/u><\/a> \u2013 which provide advisors with buffered exposure to core domestic and international equity markets \u2013 and three launches in our new Stacker ETF\u2122<\/u><\/a> suite, offering exposure to multiple stock markets on the upside, to a cap, yet only the S&P 500 on the downside, this is Innovator\u2019s biggest month yet,\u201d said Bruce Bond, CEO of Innovator ETFs<\/u><\/a>. \u201c<\/u>While 2020 has been a year that most of us can\u2019t wait to have in the rearview mirror, it was a huge proving ground for our Defined Outcome ETFs\u2122. Advisors saw the products worked as expected through one of the biggest tests the market could throw at them, helping to give their clients some peace of mind during the most rapid stock bear market drawdown in history. With the growing range of market exposures and investing strategies in our Defined Outcome ETF\u2122 family, we\u2019re honored that advisors continue to entrust Innovator with more of their clients\u2019 assets and look forward to growing with them in 2021.\u201d<\/p>\n

The January series includes the Power Buffer ETFs<\/u>\u2122<\/u><\/a> on the Nasdaq-100 (NJAN<\/u><\/a>), the Russell 2000 (KJAN<\/u><\/a>), MSCI EAFE (IJAN<\/u><\/a>) and MSCI Emerging Markets (EJAN<\/u><\/a>), which will complete their first annual outcome period and reset at the end of the month, as well as the S&P 500 Buffer ETFs\u2122 \u2013 Innovator S&P 500 Buffer ETF\u2122 – January (BJAN<\/u><\/a>), Innovator S&P 500 Power Buffer ETF\u2122 – December (PJAN<\/u><\/a>) and Innovator S&P 500 Ultra Buffer ETF\u2122 – December (UJAN<\/u><\/a>) \u2013 which are scheduled to complete their second annual outcome period.<\/p>\n

Additionally, on January 4th<\/sup>, Innovator plans to list the second quarterly series of its Stacker ETFs\u2122<\/u><\/a>, the world\u2019s first ETFs that seek to offer “stacked” exposure to two or three equity markets (via the price returns of SPY, QQQ, and IWM) to a cap, and downside exposure to the SPY only, over a one year outcome period, on the Cboe. The January Stacker ETFs include the Innovator Triple Stacker ETF\u2122 – January (TSJA), Innovator Double Stacker ETF\u2122 – January (DSJA) and Innovator Double Stacker 9 Buffer ETF\u2122 – January (DBJA).<\/p>\n

\n Anticipated return profiles for the Innovator <\/strong>
\n Defined Outcome ETFs<\/strong>
\n \u2122<\/strong>
\n \u2013 January series,<\/strong>
\n as of 12\/14\/20<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Ticker<\/strong>\n <\/td>\n\n Name<\/strong>\n <\/td>\n\n Buffer Level<\/strong>\n <\/td>\n\n Cap Range*<\/strong>\n <\/td>\n\n Outcome Period<\/strong>\n <\/td>\n<\/tr>\n
\n TSJA<\/strong>\n <\/td>\nInnovator Triple Stacker ETF\u2122 – January<\/td>\nNA<\/td>\nSPY Upside Cap: 5.53 \u2013 7.54%<\/p>\n

QQQ Upside Cap: 5.53 \u2013 7.54%<\/p>\n

IWM Upside Cap: 5.53 \u2013 7.54%<\/p>\n

Total Upside Cap: 16.59 \u2013 22.62%<\/p>\n

<\/strong><\/td>\n

12 months
1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\n DSJA<\/strong>\n <\/td>\nInnovator Double Stacker ETF\u2122 – January<\/td>\nNA<\/td>\nSPY Upside Cap: 8.90 \u2013 10.35%<\/p>\n

QQQ Upside Cap: 8.90 \u2013 10.35%<\/p>\n

Total Upside Cap: 17.80 \u2013 20.70%<\/p>\n

<\/strong><\/td>\n

12 months
1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\n DBJA<\/strong>\n <\/td>\nInnovator Double Stacker 9 Buffer ETF\u2122 – January<\/td>\n9.00%<\/td>\nSPY Upside Cap: 5.64 \u2013 6.68%<\/p>\n

QQQ Upside Cap: 5.64 \u2013 6.68%<\/p>\n

Total Upside Cap: 11.28 \u2013 13.36%<\/p>\n

<\/strong><\/td>\n

12 months
1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\n NJAN<\/strong>\n <\/td>\nInnovator Nasdaq-100
Power Buffer ETF\u2122 – January<\/td>\n		15.00%<\/td>\n11.66 \u2013 13.93%<\/td>\n12 months
1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\n KJAN<\/strong>\n <\/td>\n\n
Innovator Russell 2000
Power Buffer ETF\u2122 – January<\/td>\n		15.00%<\/td>\n11.87 \u2013 13.64%<\/td>\n12 months
1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\n IJAN<\/strong>\n <\/td>\n\n
Innovator MSCI EAFE
Power Buffer ETF\u2122 – January<\/td>\n		15.00%<\/td>\n8.54 \u2013 15.63%<\/td>\n12 months
1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\n EJAN<\/strong>\n <\/td>\n\n
Innovator MSCI Emerging Markets
Power Buffer ETF\u2122 – January<\/td>\n		15.00%<\/td>\n10.66 \u2013 15.05%<\/td>\n12 months
1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\n BJAN<\/strong>\n <\/td>\n\n
Innovator S&P 500
Buffer ETF\u2122 – January<\/td>\n		9.00%<\/td>\n14.89 \u2013 16.49%<\/td>\n12 months
1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\n PJAN<\/strong>\n <\/td>\n\n
Innovator S&P 500
Power Buffer ETF\u2122 – January<\/td>\n		15.00%<\/td>\n9.51 \u2013 10.63%<\/td>\n12 months
1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\n UJAN<\/strong>\n <\/td>\n\n
Innovator S&P 500
Ultra Buffer ETF\u2122 – January<\/td>\n		30.00%
(-5% to -35%)<\/td>\n		\u00a07.18 \u2013 7.81%<\/td>\n12 months
1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n<\/table>\n

\n * The Cap Ranges above are based on the highest and lowest Cap as illustrated by the Funds\u2019 strategy from 11\/13\/20-12\/14\/20 and are shown gross of each fund\u2019s management fee (.79% for all ETFs except IJAN (.85%) and EJAN (.89%)). The actual Cap for each Fund will be set at the beginning of the Outcome Period, and is dependent upon market conditions at that time. Periods of high market volatility could result in higher caps, and lower volatility could result in lower caps. As a result, the Cap set by each Fund may be higher or lower than the Cap Range. \u201c<\/em>
\n Cap\u201d refers to the<\/em>
\n maximum potential return, before fees and expenses and any shareholder transaction fees and any extraordinary expenses, if held over the full Outcome Period. \u201cBuffer\u201d refers to the amount of downside protection the fund seeks to provide, before fees and expenses, over the full Outcome Period. Outcome Period is the intended length of time over which the defined outcomes are sought. Upon fund launch, the Caps can be found on a daily basis via www.innovatoretfs.com. <\/em>
\n TSJA, DSJA and DBJA<\/em>
\n are not yet available for investment.<\/em>\n <\/p>\n

The January series of Innovator S&P 500 Buffer ETFs\u2122 (BJAN, PJAN, UJAN) and Power Buffer ETFs\u2122 on Nasdaq-100 (NJAN) Russell 2000 (KJAN), MSCI EAFE (IJAN) and MSCI Emerging Markets (EJAN) currently have a remaining outcome period of two weeks, with known upside potential and downside buffers through month-end. Investors who purchase prior to the rebalance will be fully invested for the next outcome period, obtaining new upside caps and downside buffers<\/u><\/a> for the year commencing January 1, 2020. For additional information, visit the Innovator Defined Outcome ETF Pricing Tool<\/u><\/a><\/strong>.<\/p>\n

Starting with the January series, Innovator will be transitioning reference assets of the underlying options within its Defined Outcome Buffer ETFs\u2122 to achieve the stated outcomes with ETF-based, or fund-based, options rather than index-based options. Innovator\u2019s Equity Buffer ETFs\u2122 have traditionally used index-based options while the Defined Outcome Bond ETFs<\/u><\/a> and Stacker ETFs\u2122 have been constructed using fund-based options. This change is intended to streamline market making and increase the operational efficiencies of the tax-efficient Buffer ETFs<\/u>\u2122<\/u><\/a> and will not materially impact shareholders. The Buffer ETFs\u2122 will continue to draw from the same deeply liquid options markets pools that underpin the strategies, the level of the upside caps achieved should be unaffected and no tax event will be triggered given the options can be transferred in-kind. \u201cThese operational changes are intended to harness the power and efficiencies of the ETF wrapper even further for the benefit of our Defined Outcome Buffer ETF\u2122 investors,\u201d added Bond.<\/p>\n

\n
\n Innovator Defined Outcome ETFs – Benefits to Advisors<\/u>
\n <\/strong>\n <\/p>\n