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BJUL - Innovator S&P 500 Buffer ETF Jul

Innovator S&P 500 Buffer ETF Jul logoThe 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 potential returns.

 



 

 

 
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