NJULInnovator Nasdaq-100 Power Buffer ETF - July
Seeks QQQ price-return exposure up to a cap with a 15% buffer against Invesco QQQ Trust losses over each one-year outcome period.
By Innovator ETFs · Launched 2020
0.79%
#4,215 of 5,861 · expensive
$211M
#2,319 of 5,861 · mid-size
+8.5%
6 years
#2,102 of 5,861 · 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
- Seeks QQQ price-return exposure up to a cap with a 15% buffer against Invesco QQQ Trust losses over each one-year outcome period.
- Strategy
- Actively managed defined-outcome fund investing substantially all assets in FLEX Options on the Invesco QQQ Trust (the Underlying ETF, Nasdaq-100 exposure). Targets the Underlying ETF's price return up to a 14.60% upside cap while buffering the first 15% of its losses. Outcome Period runs July 1 through June 30 and resets annually.
- 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 2026-08-04