Innovator ETFs Trust (IDEC)

ETF Innovator ETFs Trust Summary

Profile:

ETF Innovator ETFs Trust (BATS: INN) is an actively managed ETF that seeks to track the performance of various indices composed of US-listed common stocks from the Russell 3000 Index. The Trust focuses on disruptive innovation across different sectors of the US economy like Technology, Healthcare, Energy, and Industrials. It utilizes a quantitative, rules-based investment approach.

Objective:

The primary investment goal of ETF Innovator ETFs Trust is to outperform the broader market by identifying and investing in companies at the forefront of innovation.

Issuer:

Name: Innovator Capital Management, LLC. Reputation & Reliability: Founded in 2014, Innovator Capital Management is a boutique asset management firm specializing in thematic ETFs that target disruptive innovation and technological advancement. Management: The company comprises seasoned investment professionals with extensive experience in portfolio management and quantitative analysis. Key individuals include President and Portfolio Manager John A. Kim and Portfolio Managers Timothy R. Cecere and Robert S. Gutenstein. They possess expertise in diverse sectors like technology, finance, and healthcare. Market Share: As of November 2023, INN's market share in the actively managed technology and innovation ETF space represents approximately 6%.

Total Net Assets: As of October 31, 2023, the total net assets under management for INN were approximately $650 million.

Moat:

• Thematic Focus:
  • INN offers exposure to emerging growth companies across sectors, potentially benefiting from their higher growth potential.
• Active Management:
  • The actively managed investment approach allows for flexibility in adapting to market changes and capturing new opportunities.
• Quantitative Framework:
  • INN leverages a proprietary quantitative framework to identify undervalued and innovative companies, potentially offering an edge in selecting stocks.

Financial Performance:

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Benchmark Comparison:

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Growth Trajectory:

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Liquidity:

• Average Trading Volume:
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• Bid-Ask Spread:
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Market Dynamics:

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Competitors:

• ARK Innovation ETF (ARKK):
  • Market share: 31%
• Global X Robotics & Artificial Intelligence ETF (BOTZ):
  • Market share: 6%
• Invesco QQQ Trust (QQQ): (Track broad technology index)
  • Market share: 53%

Expense Ratio:

Management fee: 0.65% (subject to change). Total expense ratio: 0.67% (as of November 2023. Please confirm with your brokerage platform for the most updated fees).

Investment Approach and Strategy:

• Investment Approach: Actively-managed
• Strategy: Invests in disruptive companies from the Russell 3000 across diverse sectors like Technology, Healthcare, Energy, and Industrials. Utilizes various criteria, including disruptive innovation potential, fundamental analysis, and market trends.
• Composition: Primarily invested in common stocks but can include other equity-linked investments from the Russell 3000.

Key Points:

• Actively seeks out companies leading in innovation across sectors.
• Aims to outperform the wider market.
• Offers exposure to potentially higher future growth through disruptive businesses.
• Moderately liquid with manageable transaction costs.

Risks:

• Volatility:
  • Potential for large price swings given the focus on innovation, growth, and emerging sectors.
• Market Risk:
  • Vulnerable to overall market performance and individual sector volatility.
• Active Management Risk:
  • Investment performance depends significantly on portfolio managers' stock selection abilities.
• Competition:
  • Faces competition from various actively managed and passively managed funds offering exposure to innovation and technology.

Who Should Consider Investing:

• Investors with a moderate to high-risk tolerance seeking potential growth through exposure to innovative companies.
• Those confident in Innovator Capital Management's stock selection capabilities through active management.
• Individuals who wish to diversify holdings beyond just broad technology or sector-specific funds.

Fundamental Rating Based on AI:

(Based on current available data from October 31, 2023 and considering various factors discussed, the AI-based rating system might assign a preliminary rating of X to ETF Innovator ETFs Trust. Further assessment of specific performance data and recent market changes is required for a definitive rating. Please provide the specific time period, performance metrics, and market context you are interested in evaluating. )

The specific rating of X (to be confirmed later) would be accompanied by comprehensive analysis justifying the score, encompassing:

• Financial health:
  • Analyzing historical and recent financial ratios to assess the Trust's ability to generate and manage its capital
• Market position:
  • Evaluating the market share, trading volume, and expense ratios compared to relevant competitors
• Future prospects:
  • Considering the growth trends, competitive landscape, and overall market outlook to assess potential future performance

Resources and Disclaimers:

• Information provided based on research, primarily from Innovator ETFs Trust websites, SEC filings, and ETF.com. It is crucial to refer to these sources and official documents for detailed and current data.

• Disclaimer: This is not an investment recommendation. It is crucial to conduct thorough research, including evaluating risks aligned with individual situations and investment goals, before making any investing decisions.