Innovator MSCI EAFE Power Buffer ETF - April (IAPR)

Overview

The Innovator MSCI EAFE Power Buffer ETF - April (April Buffer) seeks to provide investors with buffered exposure to the MSCI EAFE Index, up to a cap, while protecting against the first 10% of losses over a one-year period. The ETF is passively managed and invests in Flexible Exchange Options (FLEX Options).

Reputation and Reliability

Innovator Capital Management is known for its defined outcome ETFs, including buffer and accelerated ETFs.

Management Expertise

Innovator Capital Management has a team of experienced professionals focused on defined outcome ETF strategies.

Goal

To provide a buffered exposure to the returns of the MSCI EAFE Index while providing downside protection against the first 10% of losses.

Investment Approach and Strategy

Strategy: The ETF employs a defined outcome strategy using FLEX Options on the MSCI EAFE Index. It aims to provide a specific downside buffer and upside cap over a one-year outcome period.

Composition The ETF primarily invests in FLEX Options on the MSCI EAFE Index.

Market Share: Insufficient data available to accurately determine the specific market share of this particular Innovator defined outcome ETF.

Total Net Assets (AUM): 103735599.17

Key Competitors

• FT Cboe Vest International Equity Buffer ETF - April (IAPR)
• Innovator U.S. Equity Power Buffer ETF - April (PAPR)
• FT Cboe Vest U.S. Equity Buffer ETF - April (BAPR)

Competitive Landscape

The competitive landscape is characterized by several issuers offering defined outcome ETFs with similar buffer strategies. Innovator is a prominent player, and competition is driven by factors like buffer levels, cap rates, expense ratios, and tracking accuracy. A potential advantage of Innovator is their established brand and experience in the defined outcome space. However, competitors may offer different buffer levels or caps that are more attractive to some investors.

Historical Performance: Historical performance data requires real-time data sources and is not included in this response but can be easily found on financial websites such as Yahoo Finance and Bloomberg.

Benchmark Comparison: Benchmark comparison requires real-time data sources and is not included in this response but can be easily found on financial websites such as Yahoo Finance and Bloomberg.

Expense Ratio: 0.79

Average Trading Volume

The ETF's average trading volume indicates its liquidity, with higher volumes generally suggesting better liquidity.

Bid-Ask Spread

The bid-ask spread reflects the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept, with tighter spreads indicating lower trading costs.

Market Environment Factors

Economic indicators in developed foreign markets, sector performance within the MSCI EAFE Index, and overall global market sentiment influence the ETF's performance.

Growth Trajectory

The ETF's growth depends on investor demand for defined outcome investment strategies and the attractiveness of its specific buffer and cap levels. Changes to the FLEX Options or the underlying index would be notable.

Competitive Edge

The Innovator MSCI EAFE Power Buffer ETF - April's competitive edge lies in its defined outcome strategy, offering investors a level of downside protection and upside participation linked to the MSCI EAFE Index. The use of FLEX Options allows for a customizable risk management approach. The predetermined buffer and cap levels appeal to investors seeking to manage potential losses within a specific range. This strategy differentiates it from traditional market-cap weighted ETFs.

Volatility

The ETF's volatility is dependent on the volatility of the MSCI EAFE Index and the specific characteristics of the FLEX Options used.

Market Risk

Market risk includes the potential for declines in the MSCI EAFE Index, impacting the ETF's overall performance and the value of its underlying FLEX Options. The defined outcome strategy mitigates some downside risk but limits potential upside gains.

Ideal Investor Profile

The ideal investor is risk-averse, seeks downside protection, and is comfortable with capped upside potential. Investors who want exposure to developed foreign markets with a defined risk profile may also find this ETF suitable.

Market Risk

This ETF is suitable for long-term investors seeking defined outcome strategies, those nearing retirement, or those with a low risk tolerance.

The Innovator MSCI EAFE Power Buffer ETF - April provides buffered exposure to the MSCI EAFE Index through a defined outcome strategy using FLEX Options. It protects against the first 10% of losses while capping potential gains over a one-year period. This ETF is designed for risk-averse investors seeking downside protection with a trade-off of limited upside. Its performance is tied to the MSCI EAFE Index and the effectiveness of its option strategy. The expense ratio is 0.79%, and the ETF is managed by Innovator Capital Management.

Data Sources:

• Innovator Capital Management Website
• ETF.com
• Morningstar
• Yahoo Finance
• Bloomberg

Disclaimers:

This analysis is based on available data and is for informational purposes only. It does not constitute financial advice. Investors should conduct their own research and consult with a financial advisor before making investment decisions. Market share data is based on estimations where direct figures are unavailable and are subject to change.