KJULInnovator Russell 2000 Power Buffer ETF - July
The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investments that provide exposure to the iShares Russell 2000 ETF. It is non-diversified.
By Innovator ETFs · Launched 2020
0.79%
#4,208 of 5,854 · expensive
$132M
#2,735 of 5,854 · mid-size
+13.5%
6 years
#2,102 of 5,854 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightAsset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investments that provide exposure to the iShares Russell 2000 ETF. It is non-diversified.
- Strategy
- The Fund employs a defined outcome strategy, investing primarily in FLEX Options that reference the Underlying ETF, and may also invest directly in the Underlying ETF or its components. This strategy is designed to produce specific investment outcomes based on the performance of the Underlying ETF over an Outcome Period, allowing for potential positive returns regardless of market direction, subject to certain caps and thresholds.
- Inception date
- June 30, 2020
- Fund family
- Innovator ETFs
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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 2026-08-03