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ACIIInnovator Index Autocallable Income Strategy ETF

Grow my moneyNewRanked #1,838 of 2,992 in this goal

Seeks to provide investors with a high level of income and the potential to limit downside losses.

By Innovator ETFs · Launched 2025

Annual Cost

0.79%

#4,208 of 5,854 · expensive

Fund Size

$92M

#3,078 of 5,854 · mid-size

Return (1Y)Goal

+9.9%

Track Record

11 months

#4,674 of 5,854 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,795+7.9%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 5 holdings = 100.3% of fundconcentrated

TREASURY BILL
98.1%
US BANK MMDA - USBGFS 9
1.7%
N/A
0.3%
N/A
0.2%
N/A
0.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
14.3%Moderate

Year-on-year price swings

Max drawdown
-10.0%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca, New York Stock Exchange

Full fund details

Objective
Seeks to provide investors with a high level of income and the potential to limit downside losses.
Strategy
Actively managed ETF that invests in a laddered portfolio of OTC swap agreements linked to the U.S. equity markets, including the S&P 500, Russell 2000, and Nasdaq-100 indices. Aims for income distributions while limiting downside losses based on the worst-performing market index.
Inception date
September 24, 2025
Fund family
Innovator ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03