{"id":407602,"date":"2021-01-04T09:09:28","date_gmt":"2021-01-04T14:09:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=407602"},"modified":"2021-01-04T09:09:28","modified_gmt":"2021-01-04T14:09:28","slug":"innovator-etfs-welcomes-2021-with-new-defined-outcomes-listing-three-new-stacker-etfs-rebalancing-seven-january-buffer-etfs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/innovator-etfs-welcomes-2021-with-new-defined-outcomes-listing-three-new-stacker-etfs-rebalancing-seven-january-buffer-etfs\/","title":{"rendered":"Innovator ETFs Welcomes 2021 with New Defined Outcomes, Listing Three New Stacker ETFs, Rebalancing Seven January Buffer ETFs"},"content":{"rendered":"
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\n January \u201cStackers\u201d series (TSJA, DSJA, DBJA) lists today \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>
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\n New upside caps 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), each via options on the underlying ETFs<\/em>
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\n S&P 500 Buffer ETFs seek to provide SPY exposure up to a cap, with downside buffer levels of 9%, 15% or 30% over one-year Outcome Period starting January 1<\/em>
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CHICAGO, Jan. 04, 2021 (GLOBE NEWSWIRE) — Innovator Capital Management<\/a>, LLC (Innovator) today announced the new upside caps and return profiles for the January series of Innovator\u2019s Defined Outcome ETFs<\/a>\u2122<\/a>, including the latest Stacker ETFs\u2122<\/a>, which list today on the Cboe. The return profiles for the ten ETFs in the January series will span the calendar year to December 31st<\/sup> 2021, aligning with many advisors\u2019 annual rebalancing and portfolio management activities.<\/p>\n

The January series includes the Power Buffer ETFs<\/a>\u2122<\/a> on the Nasdaq-100 QQQ ETF (NJAN<\/a>), the Russell 2000 IWM ETF (KJAN<\/a>), MSCI EAFE EFA ETF (IJAN<\/a>) and MSCI Emerging Markets EEM ETF (EJAN<\/a>), which completed 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<\/a>), Innovator S&P 500 Power Buffer ETF\u2122 – December (PJAN<\/a>) and Innovator S&P 500 Ultra Buffer ETF\u2122 – December (UJAN<\/a>) \u2013 which finished their second annual outcome period.<\/p>\n

Additionally, Innovator is listing the second quarterly series of its Stacker ETFs\u2122<\/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. The January Stacker ETFs include the Innovator Triple Stacker ETF\u2122 – January (TSJA<\/a>), Innovator Double Stacker ETF\u2122 – January (DSJA<\/a>) and Innovator Double Stacker 9 Buffer ETF\u2122 – January (DBJA<\/a>).<\/p>\n

\n Return profiles for the Innovator Defined Outcome ETFs<\/strong>
\n \u2122<\/strong>
\n \u2013 January series, as of 1\/01\/21<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\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*<\/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: 6.10%<\/td>\n12 months
1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
QQQ Upside Cap: 6.10%<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
IWM Upside Cap: 6.10%<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n Total Upside Cap: 18.30%<\/strong>\n <\/td>\n<\/tr>\n
\n DSJA<\/strong>\n <\/td>\nInnovator Double Stacker ETF\u2122 – January<\/td>\nNA<\/td>\nSPY Upside Cap: 9.81%<\/td>\n12 months
1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
QQQ Upside Cap: 9.81%<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n Total Upside Cap: 19.62%<\/strong>\n <\/td>\n<\/tr>\n
\n DBJA<\/strong>\n <\/td>\nInnovator Double Stacker 9 Buffer ETF\u2122 – January<\/td>\n9.00%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12 months
1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
SPY Upside Cap: 6.20%<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
QQQ Upside Cap: 6.20%<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n Total Upside Cap: 12.40%<\/strong>\n <\/td>\n<\/tr>\n
\n NJAN<\/strong>\n <\/td>\nInnovator Nasdaq-100<\/td>\n15.00%<\/td>\n\u00a0<\/td>\n12.61%<\/td>\n\u00a0<\/td>\n12 months<\/td>\n<\/tr>\n
Power Buffer ETF\u2122 – January<\/td>\n1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\n KJAN<\/strong>\n <\/td>\nInnovator Russell 2000<\/td>\n15.00%<\/td>\n\u00a0<\/td>\n12.75%<\/td>\n\u00a0<\/td>\n12 months<\/td>\n<\/tr>\n
Power Buffer ETF\u2122 – January<\/td>\n1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\n IJAN<\/strong>\n <\/td>\nInnovator MSCI EAFE<\/td>\n15.00%<\/td>\n\u00a0<\/td>\n8.82%<\/td>\n\u00a0<\/td>\n12 months<\/td>\n<\/tr>\n
Power Buffer ETF\u2122 – January<\/td>\n1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\n EJAN<\/strong>\n <\/td>\nInnovator MSCI Emerging Markets<\/td>\n15.00%<\/td>\n\u00a0<\/td>\n10.35%<\/td>\n\u00a0<\/td>\n12 months<\/td>\n<\/tr>\n
Power Buffer ETF\u2122 – January<\/td>\n1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\n BJAN<\/strong>\n <\/td>\nInnovator S&P 500<\/td>\n9.00%<\/td>\n\u00a0<\/td>\n14.90%<\/td>\n\u00a0<\/td>\n12 months<\/td>\n<\/tr>\n
Buffer ETF\u2122 – January<\/td>\n1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\n PJAN<\/strong>\n <\/td>\nInnovator S&P 500<\/td>\n15.00%<\/td>\n\u00a0<\/td>\n9.75%<\/td>\n\u00a0<\/td>\n12 months<\/td>\n<\/tr>\n
Power Buffer ETF\u2122 – January<\/td>\n1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n
\n UJAN<\/strong>\n <\/td>\nInnovator S&P 500<\/td>\n30.00%<\/td>\n\u00a0<\/td>\n6.80%<\/td>\n\u00a0<\/td>\n12 months<\/td>\n<\/tr>\n
Ultra Buffer ETF\u2122 – January<\/td>\n(-5% to -35%)<\/td>\n1\/01\/21 \u2013 12\/31\/21<\/td>\n<\/tr>\n<\/table>\n

\n * The Caps above are shown gross of each fund\u2019s management fee (.79% for all ETFs listed above except IJAN (.85%) and EJAN (.89%)). \u201cCap\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<\/a>.<\/em>\n <\/p>\n

\u201cWhile we\u2019re very excited to put 2020 behind us, with many stock and credit benchmarks near record highs, 2021 presents a challenging market environment for investment portfolios,\u201d said Bruce Bond, CEO of Innovator ETFs<\/a>. \u201cAccording to Barron\u2019s December 18th<\/sup> cover story, most Wall Street strategists see low to modest potential gains for major stock benchmarks over the calendar year. At the same time, the consensus of forecasters thinks rates will rise, which could lead to losses in bond portfolios. In a low-to-modest-return environment, advisors can potentially enhance equity returns with Innovator\u2019s Stacker ETFs<\/a>. For advisors who are wary of today\u2019s high stock market levels and valuations as the global economy continues to battle the pandemic, as well as the potential for price losses on bonds if rates rise, the Buffer ETFs<\/a> can help clients stay invested in the market with built-in buffers against a known amount of loss. Whether an advisor has a bearish or bullish market view for 2021, or whether an investor has a low or high risk tolerance, Innovator has a Defined Outcome ETF to help them implement their view and better match their risk appetite.\u201d<\/p>\n

The ETFs reset annually and can be held indefinitely. For additional information, visit the Innovator Defined Outcome ETF <\/strong><\/a>Pricing Tool<\/strong><\/a>.<\/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<\/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<\/a> tax-efficient<\/a> Buffer ETFs<\/a>\u2122<\/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

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