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IBD Breakout Opportunities ETF

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The Innovator IBD Breakout Opportunities ETF (BOUT) seeks to track the performance of IBD Breakout Stocks Index. The Index seeks to provide opportunistic investment exposure to those stocks with the potential to break out, or experience a period of sustained price growth beyond the stocks recent resistance level, with consideration for various market conditions. BOUT tracks an index of US-listed stocks that are likely to breakout, as determined by technical analysis. Holdings are weighted by a mix of fundamental and technical factors. The fund may hold 50% T-bills based on technical market signals. BOUT uses technical analysis to find stocks that are likely to 'breakout'. The fund's index relies on an algorithm that establishes a base price (a recent high) for each eligible security. 

 The index considers stocks that either a) have not surpassed their base price for at least 4 weeks but are approaching the top of their recent trading range, or b) have surpassed their base price in the last week. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. Holdings will be sold if they no longer meet the above criteria or fall below their 10-week moving average. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. 

The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover. This in turn can translate to high costs, poor tracking, and taxable capital gains distributions.  

Below are the components of Innovator IBD Breakout Opportunities ETF with (Sector and Weight %). 

Click below for IBD Breakout Opportunities ETF

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