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Beacon

BALTInnovator Defined Wealth Shield ETF

Grow my moneyDiversifier5y track recordRanked #23 of 266 in this goal

Seeks capital appreciation with a measure of downside protection while providing a buffer against the first 20% of Underlying ETF losses.

By Innovator ETFs · Launched 2021

Annual Cost

0.69%

#3,611 of 5,861 · average

Fund Size

$2.6B

#658 of 5,861 · large

Return (1Y)Goal

+6.4%

Track Record

5 years

#2,361 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,656+6.6%

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

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 5 holdings = 100.1% of fundconcentrated

N/A
108.4%
N/A
0.6%
US BANK MMDA - USBGFS 9
0.1%
N/A
-0.1%
N/A
-9.0%

Asset allocation

Stocks
99.8%
Cash
0.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
2.3%Low

Year-on-year price swings

Max drawdown
-4.9%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.92Decent risk-adjusted returns
Sortino (3Y)
1.36Good downside protection

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks capital appreciation with a measure of downside protection while providing a buffer against the first 20% of Underlying ETF losses.
Strategy
Invests primarily in FLEX Options referencing the State Street SPDR S&P 500 ETF Trust to provide capital appreciation with a 20% buffer against losses. The strategy includes an upside cap of 2.60% for the Outcome Period.
Inception date
June 30, 2021
Fund family
Innovator ETFs

Our take

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

Buffer
Warning

You can build this cheaper yourself

Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.

Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)

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 2026-08-04