The funds have been listed on Cboe BZX Exchange since 2 March and charge an annual fee of 0.79%.
Innovator Capital Management (Innovator), an Illinois-based issuer of exchange-traded funds (ETFs) with built-in risk management, has further expanded its product suite with the launch of two ETFs under its Dual Directional lineup. Each fund will operate on a yearly outcome period The funds include the Innovator Equity Dual Directional 10 Buffer ETF (DDTM) and the Innovator Equity Dual Directional 15 Buffer ETF (DDFM). DDTM will provide exposure to the SPDR S&P 500 ETF Trust (SPY)