PMAY
Innovator S&P 500 Power Buffer ETF - MayPMAY Fund Description
PMAY aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral.
PMAY Factset Analytics Insight
PMAY uses options in an effort to moderate losses on the S&P 500 over a one-year period starting each May. The fund foregoes some upside return as well as the S&P 500s dividend component, because the options are written on the price (not total) return version of the index. In exchange for preventing realization of the first 15% of the S&P 500s losses, investors forego upside participation above a certain threshold, which is reset annually. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the period to achieve the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed, resets annually and uses listed options exclusively.
PMAY Summary Data
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PMAY Portfolio Management
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PMAY Fund Structure
PMAY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PMAY. PMAY is rated a N/A out of 5.
PMAY Tradability
PMAY Top 10 Holdings
PMAY Countries
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PMAY Economic Development
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PMAY Performance Statistics
PMAY Benchmark Comparison Summary
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PMAY Benchmark Comparison Market Cap Size
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