Summary
BJUL Chart
Innovator U.S. Equity Buffer ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 25,105 | $1.07M | $1.37M | $297,693.09 | 27.72% |
| CE Curtis Ellergodt Rothschild Investment LLC | 92,550 | $3.9M | $5.06M | $1.16M | 29.68% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 5,645 | $269,512.88 | $307,878.3 | $38,365.42 | 14.24% |
| LJB Laura J. Bornheimer GWN SECURITIES Inc. | 5,404 | $235,553.28 | $294,815.22 | $59,261.94 | 25.16% |
 Jeff Ameen Spire Wealth Management | 40,887 | $1.54M | $2.23M | $688,139.08 | 44.55% |
Innovator U.S. Equity Buffer ETF (BJUL) FAQ
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Innovator U.S. Equity Buffer ETF Profile
| BATS Exchange | US Country |
Overview
The fund is an investment vehicle that primarily allocates its capital towards FLEX Options based on the SPDR® S&P 500® ETF Trust. These FLEX Options are distinct in that they offer customizable terms, allowing for a tailored investment approach. Despite their customization benefits and being cleared by the Options Clearing Corporation (OCC), they come with counterparty risks associated with the OCC and could demonstrate less liquidity in comparison to more traditional exchange-traded options. This fund has a focused investment strategy, maintaining at least 80% of its net assets in these specialized options, categorizing it as non-diversified. This strategy encapsulates a novel approach to options trading, targeting investors seeking to leverage the performance of the S&P 500 ETF through a more flexible and customized investment tool.
Products and Services
- FLEX Options
FLEXible EXchange® Options (FLEX Options) are the primary product offered by the fund. These options are exchange-traded contracts that stand out due to their customizable terms, allowing investors to tailor their investment strategies more precisely to their preferences and objectives. Unlike traditional option contracts that have fixed terms (e.g., expiration dates, strike prices), FLEX Options provide the flexibility to set these parameters, which can be tailored to suit specific market views or hedging strategies. While offering considerable customization and flexibility, these options also bring certain risks. They are guaranteed for settlement by the Options Clearing Corporation (OCC), which provides a measure of security. However, this does not eliminate counterparty risk - the risk that the OCC might fail to fulfill its obligations. Furthermore, their uniqueness and customization can result in lower liquidity compared to more conventional exchange-traded options. This means that investors might find it more challenging to sell them quickly at market prices. The fund specifically targets these options with a focus on those that reference the SPDR® S&P 500® ETF Trust (“the Underlying ETF”), aiming to benefit from the performance of this well-regarded ETF. By investing at least 80% of its net assets into these FLEX Options, the fund positions itself to leverage the market movements of the S&P 500 index while offering investors an innovative and tailored investment solution.
