ACIIInnovator Index Autocallable Income Strategy ETF
Seeks to provide a high level of income and the potential to limit downside losses.
By Innovator ETFs · Launched 2025
0.01%
#107 of 5,562 · low cost
$92M
#3,031 of 5,562 · mid-size
N/A
9 months
#4,782 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundRisk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca, New York Stock Exchange
Full fund details
- Objective
- Seeks to provide a high level of income and the potential to limit downside losses.
- Strategy
- Actively managed ETF investing in a laddered portfolio of OTC swap agreements replicating autocallable notes whose returns are contingent on the worst-performing of three U.S. equity reference indices (S&P 500, Russell 2000, Nasdaq-100). Pays contingent periodic income; bears full downside of the worst index only if its losses breach a pre-determined barrier.
- Inception date
- September 24, 2025
- Fund family
- Innovator ETFs
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
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 2026-06-19