Innovator U.S. Equity 10 Buffer ETF - Quarterly
ZALT
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Geoffrey T. Grant
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 109 N. Hale Street Wheaton IL United States of America 60187
- IPO Date
- Oct 2, 2023
- Website
- innovatoretfs.com
- Similar Companies
- Business
- Innovator Capital Management, LLC (Innovator) is a leading provider of Defined Outcome ETFs that seek to deliver targeted investment outcomes, including capital appreciation with downside buffers relative to underlying reference assets such as the SPDR S&P 500 ETF Trust (SPY). The firm offers a comprehensive suite of exchange-traded funds across categories including Buffer ETFs with built-in protection levels of 9%, 10%, 15%, 20%, or 30% against losses over quarterly or annual outcome periods; Accelerated ETFs providing 2x or 3x leveraged upside exposure to SPY or QQQ to a cap; Premium Income Barrier ETFs combining high monthly income potential with protective barriers; and Dual Directional ETFs designed to generate positive returns in both rising and falling markets in exchange for capped upside. Among its products, the Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT), launched in October 2023, invests primarily in FLEX Options referencing SPY to track its price return to an upside cap while buffering the first 10% of losses over a quarterly outcome period, with caps and interim levels reset and published quarterly. These ETFs target financial advisors, institutional investors, and retail investors seeking equity exposure with managed risk parameters, and are structured as non-diversified, actively managed open-end funds listed on U.S. exchanges. Innovator operates primarily in the United States, with products accessible through major broker-dealers and platforms serving domestic markets. Founded in 2017 and headquartered in Wheaton, Illinois, the firm was established by ETF industry veterans Bruce Bond and John Southard, co-founders of the former PowerShares ETF lineup. In a transformative development announced on December 1, 2025, Goldman Sachs entered into a definitive agreement to acquire Innovator for approximately $2 billion in cash and stock, subject to customary closing conditions and expected to close in the second quarter of 2026; this transaction adds Innovator's approximately $28 billion in assets under supervision across 159 ETFs as of September 30, 2025, significantly bolstering Goldman Sachs Asset Management's active ETF capabilities in defined outcome strategies. Earlier in November 2025, Innovator expanded its innovative Dual Directional ETF series, building on its pioneering role in options-based strategies that enable returns in negative markets.