DDFZInnovator Equity Dual Directional 15 Buffer ETF - June
Seeks capital appreciation by participating in positive returns of the Underlying ETF up to the Upside Cap and buffered returns against losses exceeding the Inverse Performance Threshold.
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Classification
How Beacon categorizes this fundWhere to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks capital appreciation by participating in positive returns of the Underlying ETF up to the Upside Cap and buffered returns against losses exceeding the Inverse Performance Threshold.
- Strategy
- Invests primarily in instruments providing exposure to the Underlying ETF, aiming for dual-direction positive returns regardless of the Underlying ETF's performance. Seeks to replicate the Underlying ETF's performance over the Outcome Period, with a maximum Upside Cap of 9.56% to 11.06% before fees. If the Underlying ETF's losses exceed the Inverse Performance Threshold, the Fund provides buffered returns against losses of up to 15%.
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 2026-06-07