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Beacon

BALTInnovator Defined Wealth Shield ETF

Grow my moneyDiversifier4y track recordRanked #22 of 240 in this goal

Seeks capital appreciation with downside protection by matching returns of the Underlying ETF, up to 2.09% cap, while providing a buffer against the first 20% of losses over the Outcome Period.

By Innovator ETFs · Launched 2021

Annual Cost

0.69%

#3,463 of 5,562 · average

Fund Size

$2.5B

#652 of 5,562 · large

Return (1Y)Goal

+7.2%

Track Record

4 years

#2,416 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,693+6.9%

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

Classification

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
100.5%
N/A
1.8%
US BANK MMDA - USBGFS 9
0.1%
N/A
-0.2%
N/A
-2.2%

Asset allocation

Stocks
99.9%
Cash
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
2.2%Low

Year-on-year price swings

Max drawdown
-4.9%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.99Decent risk-adjusted returns
Sortino (3Y)
1.47Good downside protection

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks capital appreciation with downside protection by matching returns of the Underlying ETF, up to 2.09% cap, while providing a buffer against the first 20% of losses over the Outcome Period.
Strategy
Invests primarily in FLEX Options referencing the Underlying ETF and may invest directly in the Underlying ETF. The strategy aims to replicate the Underlying ETF's performance while providing a buffer against the first 20% of losses during the Outcome Period. The Fund's Cap is set at 2.09% for the Outcome Period, with a net Buffer of 19.82% after management fees. The Fund's performance is linked to the S&P 500 Index, targeting large-cap U.S. equity securities.
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

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