Innovator U.S. Small Cap Power Buffer ETF - June (KJUN)

The Innovator U.S. Small Cap Power Buffer ETF - June (KJUN) is a defined-outcome fund from Innovator Capital Management. It seeks to provide returns tied to the iShares Russell 2000 ETF up to a cap, while buffering against the first 15% of losses over a one-year outcome period that begins in June.

The fund uses FLexible EXchange options on the reference ETF, which tracks U.S. small-cap stocks, to create its payoff. The upside cap is set at the start of each outcome period.

The buffer and cap apply to shareholders who hold for the full period. Each June, the fund rolls into a new set of options with a new cap for the following year.