TSLH - Innovator Hedged TSLA Strategy ETF
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Hedged TSLA Strategy ETF
QUARTERLY SERIES
TSLH
ETF SUMMARY
The Innovator Hedged TSLA Strategy ETF seeks to track the upside performance of Tesla. Inc. (TSLA), to a cap, with a maximum quarterly loss of 10%, over the outcome period.
"Max loss" for a particular outcome period is gross of any fees or other expenses of the Fund. To the extent the Fund's U.S. Treasury Bill positions lose value, the level of sought-after protection provided by the Floor will decrease, and an investor could experience significant losses on its investment, including the loss of its entire investment. Additionally, depending on when an investor buys shares of the Fund, the level of sought-after protection against price decreases of TSLA provided by the Floor may be less than 10%.
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 will 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. There is no guarantee the fund will be successful in its attempt to provide the floor and protect against significant TSLA losses. The Fund does not invest directly in TSLA. Investors in TSLH do not receive voting and dividend rights.
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 quarter. 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 7/25/2022 to 8/5/2022
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CURRENT OUTCOME PERIOD VALUES (CURRENT/NET)
Current and net figures represent outcome period expenses already incurred, and yet to be incurred.
AS OF 8/5/2022
Fund Price
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.
Fund 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.
TSLA
Return
The return since the start of the Outcome Period.

Remaining
Cap
The cumulative maximum potential return available at the ETF's current price if held to the end of the current Outcome Period. The minimum index return required to realize the fund cap is 1.57%
Remaining
Buffer
The current amount of downside protection the fund seeks to provide 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.
$25.52 2.45% 7.60% 6.65% / 6.52% 87.82% / 87.70% -12.18% / -12.30% 56 days
OUTCOME PERIOD VALUES (CURRENT/NET)
Current and net figures represent outcome period expenses already incurred, and yet to be incurred.
AS OF 7/25/2022
Fund Price
The starting NAV and return of the Fund at the start of the Outcome Period.
Fund Return
The starting NAV and return of the Fund at the start of the Outcome Period.
TSLA
Return
The starting index return at the start of the Outcome Period.
Cap
The starting maximum potential return if held to the end of the current Outcome Period.
Buffer
The starting amount of downside protection the fund seeks to provide 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.
$24.91 0.00% 0.00% 9.29% / 9.14% 90.00% / 89.86% -10.00% / -10.14% 67 days
Current figures are net of accrued Outcome Period expenses to date. Net figures include Outcome Period expenses yet to be incurred.
To the extent the Fund's treasury Bill positions lose value, the level of sought-after protection provided by the Floor will decrease. In addition, a decline in US Treasury Bills would have the affect of lowering to upside returns.
Fund return and current outcome period values assume reinvestment of capital gain distributions, if any. 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 reference asset may need to rise higher or lower than the remaining cap before the remaining cap is realized. If the remaining buffer is greater than the fund's starting buffer, a portion of the buffer will be realized before the downside before buffer begins. After the downside before buffer has been realized, the final portion of the buffer will begin again.
This tool, and any enhancement or update to it, is the exclusive proprietary design and functionality process of Innovator Capital Management LLC, and is included within the scope of more than one patent applications filed with the U.S Patent and Trademark Office. 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 - - - - 3.13%
ETF Closing Price - - - - 3.45%
Tesla Inc. - - - - 10.70%
Data as of 7/31/2022. The Fund incepted on 7/25/2022. 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
TSLH
Listing Date
7/26/2022
Number of Holdings
3
Expense Ratio
0.79%
Exchange
Cboe BZX
OUTCOME DETAILS
Series
Quarterly
Outcome Period
7/26/2022 - 9/30/2022
Rebalance Frequency
Quarterly
Starting Floor
10% (Buffer from -10% to -100%)
Exposure
Tesla Inc
TRADING DETAILS
NAV
$25.42
Closing Price
$25.52
Premium/Discount
$0.10 / 0.38%
30 Day Median Bid-Ask Spread
0.46%
Shares Outstanding
100,000
Market Value
$2,542,421
As of 8/5/2022
MARKET DETAILS
Last Price
$25.52
Change
-$0.41 / -1.57%
Bid / Ask
$20.19 / $31.44
Midpoint
$25.82
Volume
3,100
As of 8/5/2022
Need Help Trading TSLH?
See our 3 Rules for ETF Trading
ETF STRATEGY
TESLA INC. EXPOSURE
REBALANCED QUARTERLY
SET MAX LOSS LEVEL
ALL HOLDINGS
Holdings are subject to change.
DISTRIBUTIONS
Ex-Dividend Date Record Date Payable Date Income Short Term Gains Long Term Gains Return of Capital Total Distribution
This fund has not made any distributions.
NEED HELP TRADING TSLH?
If you have questions around TSLH 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
 
Leading the Defined Outcome ETF Revolution™
Max loss refers to the level of sought protection against significant declines (the "floor"). Investing involves risks. Loss of principal is possible. The Fund faces 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. The Sub-Adviser intends to pursue the Fund’s investment objective through the combination of investments in a Treasury Portfolio and an Options Portfolio comprised of FLexible EXchange® Options (“FLEX Options”) that reference TSLA with approximately three-month expiration dates. An option contract gives the purchaser of the option, in exchange for the premium paid, the right to purchase (for a call option) or sell (for a put option) the underlying asset at a specified price (the “strike price”) on a specified date (the “expiration date”). There is no guarantee that the value of the Fund’s U.S. Treasury Bills will remain constant, and the value of the U.S. Treasury Bills could decrease. 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. The value of the FLEX Options does not increase or decrease at the same level of TSLA’s share price on a day-to-day basis (although they generally move in the same direction). Shareholders in the Fund are not entitled to receive dividends, if any, that may be payable on TSLA. Hedged TSLA Strategy Risk. There is no guarantee that the Fund will be successful in its strategy to provide protection against TSLA losses. The Fund does not provide principal protection or non-principal protection, and an investor may experience significant losses on its investment, including the loss of its entire investment. In order to provide the upside exposure to the price return of TSLA, the Fund’s strategy is subject to maximum gains equal to the strike price of the Fund’s sold call options. In the event an investor purchases Shares after the date on which the Fund implements the call spread strategy and the TSLA share price has risen in value to a level near the strike price, there may be little or no ability for such investor to experience an investment gain in Fund Shares until the Fund’s Options Portfolio is rebalanced. An investor may also realize different returns than TSLA if such investor does not stay invested in the Fund for the entirety of the three-month period of the Fund’s options contracts. Finally, an investor may also receive less than the sought-after protection if the Treasury Portfolio loses value. TSLA Trading Risk. The trading price of TSLA has been highly volatile and could continue to be subject to wide fluctuations in response to various factors. The stock market in general, and the market for technology companies in particular, has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of those companies. Tesla Risk. The future growth and success of Tesla, Inc. are dependent upon consumers’ demand for electric vehicles, and specifically, its vehicles in an automotive industry that is generally competitive, cyclical and volatile. If the market for electric vehicles in general and Tesla, Inc. vehicles does not develop as Tesla, Inc. expects, develops more slowly than it expects, or if demand for its vehicles decreases in our markets or our vehicles compete with each other, the business, prospects, financial condition and operating results of Tesla, Inc. may be harmed. Tesla, Inc. may fail to meet its publicly announced guidelines or other expectations about its business, which could cause the price of TSLA to decline significantly. Automotive Companies Risk. The automotive industry can be highly cyclical, and companies in the industry may suffer periodic operating losses. Automotive companies can be significantly affected by labor relations, fluctuating component prices and supplier disruptions.The 10% floor for a particular outcome period is gross of fees and other expenses and an investor may experience a loss greater than that amount.Tesla, Inc. is not affiliated with the Trust, Innovator, Milliman or its respective affiliates and is not involved with this offering in any way, and has no obligation to consider your Shares in taking any corporate actions that might affect the value of Shares. Innovator has not made any due diligence inquiry with respect to the publicly available information of Tesla, Inc. in connection with this offering. Investors in the Shares will not have voting rights or rights to receive dividends or other distributions or any other rights with respect to the underlying stock.
Shares are bought and sold at market price, not net asset value (NAV), and are not individually redeemable from the fund. NAV represents the value of each share's portion of the fund's underlying assets and cash at the end of the trading day. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where fund shares are listed.
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