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Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr May (ZMAY) ETF profile

ZMAY invests all its assets in FLEX options. The option positions are structured in a way that aims to provide long exposure to US large-cap stocks, up to a cap, while fully hedging downside risk over one year. The upside cap and hedge are reset annually, at the beginning of May. Shareholders should note that they will not receive dividends since the objective focuses on potential growth. The specific defined outcome pursued may only be possible if an investor would hold the shares for the entire outcome period. However, there is no guarantee that the defined outcome strategy pursued will be realized by investors. When factoring risks, potential rewards, and the all-in costs for such a strategy, ZMAY is considered an alternative to more expensive fixed indexed annuities, market-linked CDs, holding near-term Treasury, or cash.

Key facts

SymbolZMAY
ExchangeCBOE
SectorFinancial Services
IndustryAsset Management
HeadquartersWheaton, IL, US
IPO2025-05-01
Websitewww.innovatoretfs.com

Explore ZMAY on Vantafin

  • Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr May Overview
  • Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr May SEC filings

Frequently asked questions

What does Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr May (ZMAY) do?
ZMAY invests all its assets in FLEX options. The option positions are structured in a way that aims to provide long exposure to US large-cap stocks, up to a cap, while fully hedging downside risk over one year. The upside cap and hedge are reset annually, at the beginning of May. Shareholders should note that they will not receive dividends since the objective focuses on potential growth. The specific defined outcome pursued may only be possible if an investor would hold the shares for the entire outcome period. However, there is no guarantee that the defined outcome strategy pursued will be realized by investors. When factoring risks, potential rewards, and the all-in costs for such a strategy, ZMAY is considered an alternative to more expensive fixed indexed annuities, market-linked CDs, holding near-term Treasury, or cash.
What does the ZMAY ETF hold?
See Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr May's full holdings, weightings, sector and country allocations, and key facts on its Vantafin profile.