Innovator Growth-100 Power Buffer ETF - MarchNMAR

The Innovator Growth-100 Power Buffer ETF - March (NMAR) is a structured outcome ETF that aims to provide a buffer against losses while capping gains. It tracks the performance of the Invesco QQQ Trust, which holds 100 of the largest domestic and international non-financial companies listed on the Nasdaq, with a target buffer of 15% and a cap of 14%. The fund's top holdings include Apple, Microsoft, and Nvidia, reflecting its focus on large-cap technology stocks.

The fund's primary objective is to provide investors with a way to participate in the growth of the Nasdaq-100 Index while limiting downside risk. However, the fund's structured outcome strategy also caps the upside potential, which may not be suitable for all investors. The fund's expense ratio of 0.95% is higher than many of its peers, making it a relatively costly way to gain exposure to large-cap US stocks.

The fund's performance is tied to the Nasdaq-100 Index, which has been a strong performer in recent years. However, the fund's structured outcome strategy means that its returns will differ from the index. The fund's buffer and cap levels are set at the beginning of each outcome period, which means that its performance will vary depending on the timing of market movements. The fund's prospectus provides detailed information about its investment strategy and risks, which the source directs readers to carefully consider before investing.

As of the latest data, the fund has assets under management (AUM) of approximately $500 million, with a trading volume of around 100,000 shares per day. The fund's liquidity is sufficient for most investors, but those looking to trade large blocks of shares may need to exercise caution. The fund's tracking method is based on options strategies, which can be complex and may not be suitable for all investors. The fund's issuer, Innovator ETFs, is a relative newcomer to the ETF market, with a portfolio of structured outcome funds.