Innovator Russell 2000 Power Buffer ETF, October Series (KOCT): An Innovator Defined Outcome ETF Offering 15% Protection
Russell 2000 Power Buffer ETF
KOCT
 
ETF SUMMARY
The Innovator Russell 2000 Power Buffer ETF seeks to track the price return of the Russell 2000, up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.
Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of buffers against loss.
The Fund has characteristics unlike many other traditional investment products and may not be suitable for all investors. For more information regarding whether an investment in the Fund is right for you, please see "Investor Suitability" in the prospectus.
The outcomes that the Fund seeks to provide may only be realized if you are holding shares on the first day of the Outcome Period and continue to hold them on the last day of the Outcome Period, approximately one year. There is no guarantee that the Outcomes for an Outcome Period will be realized or that the Fund will achieve its investment objective.
OUTCOME PERIOD PERFORMANCE
Zoom Tip To zoom, drag your mouse over a region in the chart. Data from 9/30/2019 to 10/18/2019
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CURRENT OUTCOME PERIOD VALUES AS OF 9/30/2019 to 10/18/2019
Current
Price / Return
The current bid/ask midpoint of the Fund and the return of the Fund, after fees and expenses*, since the start of the Outcome Period.
RUT
Return
The return since the start of the Outcome Period.

Remaining
Cap
The current maximum potential return available at the ETF's current price, before remaining fees and expenses*, if held to the end of the current Outcome Period.
Remaining
Buffer
The current amount of downside protection the fund seeks to provide, before fees and expenses, if held to the end of the Outcome Period.
Downside
Before Buffer
The amount of Fund loss incurred before the buffer begins.
Remaining
Outcome Period
The amount of days remaining until the last day of the Outcome Period.
$24.57 / 0.80% 0.80% 9.90% 14.88% -0.79% 348 days
OUTCOME PERIOD VALUES AS OF 9/30/2019
Starting
Price / Return
The starting NAV and return of the Fund at the start of the Outcome Period.
RUT
Return
The starting index return at the start of the Outcome Period.
Cap
The starting maximum potential return, before fees and expenses*, if held to the end of the current Outcome Period.
Buffer
The starting amount of downside protection the fund seeks to provide, before fees and expenses, if held to the end of the Outcome Period.
Downside
Before Buffer
The amount of Fund loss incurred before the buffer begins.
Outcome Period
The intended length of time over which the defined outcomes are sought.
$24.38 / 0.00% 0.00% 10.78% 15.00% 0.00% 366 days
Investors purchasing the fund intra-period will achieve a different defined outcome than those who entered on day one. The remaining cap represents the maximum return the fund can achieve at its current price. The index may need to rise higher or lower than the remaining cap before the remaining cap is realized.
This tool is the proprietary design and functionality process of Innovator Capital Management LLC, and is included within the scope of its filed patent application. All rights are reserved, and any use or duplication of this tool by any third party, without the express written consent in advance by Innovator, is prohibited.
ETF PERFORMANCE & INDEX HISTORY (%) Quarterly | Monthly
  YTD 1 Year 3 Year 5 Year Inception
ETF NAV - - - - -
ETF Closing Price - - - - -
Russell 2000 Index - - - - -
Data as of 10/1/2019. Performance quoted represents past performance, which is no guarantee of future results. Investment returns and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Returns less than one year are cumulative. One cannot invest directly in an index.
ETF DETAILS
Ticker
KOCT
Inception Date
10/1/2019
Number of Holdings
7
Expense Ratio
0.79%
Intraday NAV
KOCT.IV
CUSIP
45782C599
Exchange
Cboe BZX
OUTCOME DETAILS
Series
October
Outcome Period
10/1/2019 - 9/30/2020
Rebalance Frequency
Annual
Cap¹
10.78%
Buffer
15.00%
Exposure
Russell 2000 Index
TRADING DETAILS
NAV
$24.57
Closing Price
$24.54
Premium/Discount
-$0.01 / -0.06%
Shares Outstanding
1,025,000
Market Value
$25,188,545
As of 10/18/2019
MARKET DETAILS
Last Price
$24.56
Change
-$0.05 / -0.19%
Bid / Ask
$22.34 / $27.03
Midpoint
$24.69
Volume
8,100
As of 10/18/2019
Need Help Trading KOCT?
See our 3 Rules for ETF Trading
ETF STRATEGY
RUSSELL 2000 EXPOSURE
REBALANCED ANNUALLY
CHOOSE BUFFER LEVEL
ALL HOLDINGS
Holdings are subject to change.
NEED HELP TRADING KOCT?
If you have questions around KOCT execution, we can help you find the best price available on the market. Feel free to email or call us directly at 800.208.5212, or contact your trade desk to walk you through how to achieve best execution.
3 RULES FOR ETF TRADING
• Avoid trading on the open or the close
• Use limit orders
• Leverage resources that can help
 
¹Cap shown is before fees and expenses.
*Fees and Expenses: The Fund's management fee of 0.79%, any shareholder transaction fees and any extraordinary expenses.
The Funds have characteristics unlike many other traditional investment products and may not be suitable for all investors. For more information regarding whether an investment in the Fund is right for you, please see "Investor Suitability" in the prospectus.
Investing involves risks. Loss of principal is possible. The Funds face numerous market trading risks, including active markets risk, authorized participation concentration risk, buffered loss risk, cap change risk, capped upside return risk, correlation risk, liquidity risk, management risk, market maker risk, market risk, non-diversification risk, operation risk, options risk, trading issues risk, upside participation risk and valuation risk. For a detail list of fund risks see the prospectus.
Small Cap Risk Small cap companies may be more volatile and susceptible to adverse developments than their mid and large cap counterpart. In addition, the small cap companies may be less liquid than larger companies.
FLEX Options Risk The Fund will utilize FLEX Options issued and guaranteed for settlement by the Options Clearing Corporation (OCC). In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the Fund could suffer significant losses. Additionally, FLEX Options may be less liquid than standard options. In a less liquid market for the FLEX Options, the Fund may have difficulty closing out certain FLEX Options positions at desired times and prices. The values of FLEX Options do not increase or decrease at the same rate as the reference asset and may vary due to factors other than the price of reference asset.
These Funds are designed to provide point-to-point exposure to the price return of the Index via a basket of Flex Options. As a result, the ETFs are not expected to move directly in line with the Index during the interim period.
Investors purchasing shares after an outcome period has begun may experience very different results than funds' investment objective. Initial outcome periods are approximately 1-year beginning on the funds' inception date. Following the initial outcome period, each subsequent outcome period will begin on the first day of the month the fund was incepted. After the conclusion of an outcome period, another will begin.
Fund shareholders are subject to an upside return cap (the "Cap") that represents the maximum percentage return an investor can achieve from an investment in the funds' for the Outcome Period, before fees and expenses. If the Outcome Period has begun and the Fund has increased in value to a level near to the Cap, an investor purchasing at that price has little or no ability to achieve gains but remains vulnerable to downside risks. Additionally, the Cap may rise or fall from one Outcome Period to the next. The Cap, and the Fund's position relative to it, should be considered before investing in the Fund. The Funds' website, www.innovatoretfs.com, provides important Fund information as well information relating to the potential outcomes of an investment in a Fund on a daily basis.
The Funds only seek to provide shareholders that hold shares for the entire Outcome Period with their respective buffer level against Index losses during the Outcome Period. You will bear all Index losses exceeding 9, 15 or 30%. Depending upon market conditions at the time of purchase, a shareholder that purchases shares after the Outcome Period has begun may also lose their entire investment. For instance, if the Outcome Period has begun and the Fund has decreased in value beyond the pre-determined buffer, an investor purchasing shares at that price may not benefit from the buffer. Similarly, if the Outcome Period has begun and the Fund has increased in value, an investor purchasing shares at that price may not benefit from the buffer until the Fund's value has decreased to its value at the commencement of the Outcome Period.
© 2019 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
The Innovator Russell 2000 Power Buffer ETF (the "Fund") has been developed solely by Innovator Capital Management, LLC. The "Fund" is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). FTSE Russell is a trading name of certain of the LSE Group companies. All rights in the Russell 2000 Index (the "Index") vest in the relevant LSE Group company which owns the Index. "FTSE®" "Russell®", and "FTSE Russell®" are trade marks of the relevant LSE Group company and are used by any other LSE Group company under license.
The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Fund. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Fund or the suitability of the Index for the purpose to which it is being put by Innovator Capital Management, LLC.
Nothing on this website should be considered a solicitation to buy or an offer to sell shares of any Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
The Fund's investment objectives, risks, charges and expenses should be considered before investing. The prospectus contains this and other important information, and it may be obtained at innovatoretfs.com. Read it carefully before investing.
Innovator ETFs are distributed by Foreside Fund Services, LLC.
Innovator ETFs®, Defined Outcome ETF™, Buffer ETF™, Enhanced ETF™, Define Your Future™, and other service marks and trademarks related to these marks are the exclusive property of Innovator Capital Management, LLC.
Copyright © 2019 Innovator Capital Management, LLC  |  800.208.5212