AOCTInnovator Equity Defined Protection ETF - 2 Yr to October 2026
Seeks to provide returns matching the Underlying ETF's upside, capped at 12.96%, while providing a buffer against 100% of Underlying ETF losses over the Outcome Period.
By Innovator ETFs · Launched 2024
0.79%
#4,047 of 5,562 · expensive
$50M
#3,577 of 5,562 · mid-size
+7.4%
1 year
#3,856 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 4 holdings = 100.1% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide returns matching the Underlying ETF's upside, capped at 12.96%, while providing a buffer against 100% of Underlying ETF losses over the Outcome Period.
- Strategy
- Invests primarily in the State Street SPDR S&P 500 ETF Trust to replicate its performance during the Outcome Period, providing a capped upside return and a buffer against losses. The cap is set at 12.96% before fees.
- Inception date
- September 30, 2024
- 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.
Buffer ETF — downside protection at a cost
Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.
Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)
Why we flagged this: strategy=structured_outcome + structured_outcome_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