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BJUNInnovator U.S. Equity Buffer ETF - June

Stay safeGrow my money7y track recordRanked #95 of 364 in this goal

Seeks to provide returns that match the Underlying ETF's return, up to an 18.05% cap, while buffering the first 9% of losses.

By Innovator ETFs · Launched 2019

Annual Cost

0.79%

#4,215 of 5,861 · expensive

Fund Size

$298M

#1,999 of 5,861 · mid-size

Dividend YieldGoal

0.00%

Track Record

7 years

#1,884 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$10,967+9.7%

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

What's inside

How Beacon categorizes this fund

Asset class

Alternative

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
105.5%
US BANK MMDA - USBGFS 9
0.3%
N/A
0.1%
N/A
-0.0%
N/A
-5.8%

Asset allocation

Stocks
99.8%
Cash
0.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
7.4%Low

Year-on-year price swings

Max drawdown
-23.0%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.91Decent risk-adjusted returns
Sortino (3Y)
1.32Good downside protection

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide returns that match the Underlying ETF's return, up to an 18.05% cap, while buffering the first 9% of losses.
Strategy
Invests primarily in FLEX Options referencing the Underlying ETF to provide returns matching the ETF's performance, capped at 18.05%, while buffering the first 9% of losses. The strategy is designed for the Outcome Period from June 1, 2026 to May 31, 2027.
Inception date
May 31, 2019
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