Innovator Laddered Allocation Power Buffer ETF(CBOE:BUFF)

BUFF is a collection of buffer ETFs in one ticket. The fund fund-of-funds passively invests equally across the issuer's own, monthly S&P 500 Power Buffer ETFs. Each underlying ETF uses FLEX options in an effort to provide a buffer against the first 15% of losses in the SPDR S&P 500 ETF and capped upside performance over a one-year holding period. The laddered approach allows each ETF to conclude its one-year outcome period and then roll to a new outcome period. Thus, resetting both buffer and cap levels for another twelve months and helping to mitigate timing risks associated with the strategy. The portfolio is rebalanced semi-annually to equal weighting. Note that the fund itself does not pursue a defined outcome strategy. Before Feb. 9, 2022, the fund name was Innovator Fund of US Equity Power Buffer ETF. Prior to August 11, 2020, the fund traded as Innovator Lunt Low Vol/High Beta Tactical ETF under ticker: LVHB and tracked Lunt Capital U.S. Large Cap Equity Rotation Index.