BALT was created on 2021-07-01 by Innovator. The fund's investment portfolio concentrates primarily on downside hedge alternatives. BALT aims to participate in the price movement of the SPDR S&P 500 ETF (ticker: SPY), up to a cap while buffering the first 15-20% decline. The fund resets it's buffer and cap levels every three-months. The actively managed fund holds FLEX options.