Innovator ETFs Trust - Innovator Equity Dual Directional 15 Buffer ETF - April
DDFA
Chicago Board Options Exchange- -
USD
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 200 W. Front Street Wheaton IL United States of America 60187
- IPO Date
- Apr 1, 2026
- CIK
- 0001415726
- Similar Companies
- Business
- Innovator Equity Dual Directional 15 Buffer ETF - April is an actively managed, non-diversified exchange-traded fund and a series of Innovator ETFs Trust that seeks to provide defined-outcome exposure to large-capitalization U.S. equities, principally through the performance of an underlying ETF tracking the S&P 500 Index. Listed on Cboe BZX under the ticker DDFA, the Fund employs a dual-directional buffer strategy using customized Flexible Exchange Options (FLEX Options) referencing the underlying ETF and may invest directly in the underlying ETF or its component securities. The Fund seeks capital appreciation by participating in positive underlying-ETF returns up to a predefined upside cap and by providing positive inverse performance when the underlying ETF declines by up to a specified threshold; if losses exceed that threshold, it seeks to buffer the first 15% of underlying-ETF losses, after which investors bear further losses on a one-for-one basis. The Fund’s current outcome period runs from April 1, 2026 through March 31, 2027, with a gross upside cap of 13.36%, a 15.00% inverse-performance cap and threshold, and a 15.00% gross downside buffer; its annual management fee is 0.79%. The Fund resets its option portfolio and establishes a new outcome period annually, enabling it to operate continuously rather than terminate at the end of an outcome period. DDFA was launched and listed on April 1, 2026, representing the recent expansion of Innovator ETFs Trust’s defined-outcome ETF offerings; Innovator Capital Management LLC serves as investment adviser and Milliman Financial Risk Management LLC serves as investment sub-adviser. The Fund targets investors and financial intermediaries seeking exchange-traded, options-based U.S. equity exposure with predetermined upside, inverse-performance and buffer parameters, although such outcomes are intended only for shareholders holding shares throughout the applicable outcome period.