ZSEP was created on 2024-09-03 by Innovator. The fund's investment portfolio concentrates primarily on downside hedge alternatives. ZSEP seeks to track the return of the SPDR S&P 500 ETF Trust (SPY), to a cap, with 100% downside hedge over a one year outcome period. The actively managed fund holds FLEX options to obtain exposure. The fund aims to outperform cash holdings.