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Trending ETFs

Innovator Deepwater Frontier Tech ETF

ETF
LOUP
Payout Change
None
Price as of:
$47.9272 +0.04 +0.08%
primary theme
Technology Sector Equity
LOUP (ETF)

Innovator Deepwater Frontier Tech ETF

Payout Change
None
Price as of:
$47.9272 +0.04 +0.08%
primary theme
Technology Sector Equity
LOUP (ETF)

Innovator Deepwater Frontier Tech ETF

Payout Change
None
Price as of:
$47.9272 +0.04 +0.08%
primary theme
Technology Sector Equity

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$47.93

$54.1 M

0.00%

0.70%

Vitals

YTD Return

9.4%

1 yr return

43.1%

3 Yr Avg Return

-3.7%

5 Yr Avg Return

15.0%

Net Assets

$54.1 M

Holdings in Top 10

54.8%

52 WEEK LOW AND HIGH

$47.9
$32.19
$48.56

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$47.93

$54.1 M

0.00%

0.70%

LOUP - Profile

Distributions

  • YTD Total Return 9.4%
  • 3 Yr Annualized Total Return -3.7%
  • 5 Yr Annualized Total Return 15.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.27%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Innovator Deepwater Frontier Tech ETF
  • Fund Family Name
    Innovator ETFs Trust
  • Inception Date
    Jul 24, 2018
  • Shares Outstanding
    1300001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dustin Lewellyn

Fund Description

The Fund normally invests at least 80% of its net assets (including borrowings for investment purposes) in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. Penserra Capital Management LLC (“Penserra” or the “Sub-Adviser), the Fund’s investment sub-adviser, seeks a correlation of 0.95 or better (before fees and expenses) between the Fund’s performance and the performance of the Index; a figure of 1.00 would represent perfect correlation.

The Deepwater Frontier Tech Index is a rules-based stock index owned, developed and maintained by Deepwater Asset Management, LLC (“Deepwater” or the “Index Provider”) that seeks to identify and track those companies identified as being on the frontier of the development of new technologies that have the potential to have an outsized influence on the future. These include, but are not limited to, companies engaged in the development and utilization of artificial intelligence, robotics, autonomous vehicle technologies, virtual reality, mixed/augmented reality and other similarly disruptive technological innovations.

The Index is composed of common stocks, American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”). The securities comprising the Index may be issued by small, mid or large capitalization issuers operating in developing or emerging markets. The Index Provider begins the security selection process by identifying the technological sub-themes most relevant to the Fund’s “frontier technology” investment theme. A company is eligible for inclusion in the Index if it derives 50% of its revenue from one of the identified sub-themes or if it meets two of the following three criteria: (i) the company’s revenue related to one or more identified sub-themes grew by more than 25% year-over-year in the most recent calendar year; (ii) the company’s operating expenditures related to one or more identified sub-themes grew by more than 25% year-over-year in the most recent calendar year; or (iii) the company’s capital expenditures related to one or more of the identified sub-themes grew by more than 25% year-over-year in the most recent calendar year. As of the date of the prospectus, the Index Provider has identified the following sub-themes as being relevant to the Index’s investment theme:

    Artificial Intelligence.    Companies that provide or are developing software services that seek to automate tasks previously requiring human intelligence or input. These services may directly automate specific processes or provide semi-automated tools as an intermediate step to full automation.

    Autonomous and Electric Vehicles.    Companies that provide or are developing hardware and/or software used in the development of self-driving or unmanned aerial vehicles, or other autonomous vehicles that operate on land, air or sea. The category also includes electrification, energy storage, and other companies relevant to the evolution of energy.

    Fintech.    Companies involved in creating transformative experiences involving the use of money. This sub-theme may include companies that enable complex commerce transactions, innovative retail experiences, new credit products, and alternative currencies.

    Robotics.    Companies that create or are developing robotics and related products and services for industrial, collaborative, medical and/or consumer-related automation. This includes companies that provide hardware and software related to enabling perception (vision and sound), which could include sensors, laser arrays, semiconductors, among others.

    Virtual/Augmented Reality.    Companies that provide or are developing hardware and/or software for delivering immersive virtual reality experiences or for delivering experiences that enhance the physical world with a digital overlay, including gaming companies.

Once eligible companies have been identified, the investible universe is narrowed by excluding companies that do not meet certain criteria. To be included in the Index, a company or its issued securities must meet the following requirements:

    All securities, including those issued by companies operating in “emerging markets” countries, must have their primary listing exchange be located in a “developed market” country (as identified by the Index Provider) or in China, India, South Korea or Taiwan.

    Companies must have a minimum market capitalization of $250 million (but no more than $500 billion) and a minimum average daily liquidity of $2 million over the previous six months. In addition, a security must have traded on 90% of the eligible trading days in the previous six months. In the case of securities that do not have a six-month trading history (e.g. securities issued in recent initial public offerings), such a security must have a minimum average daily liquidity of $2 million for the last full month of trading and a stock price of at least $10.

    All securities must have a minimum free float equivalent to 10% of the securities outstanding.

    Securities trading at a price greater than $10,000 per share may not be included in the Index. This is not applicable to existing constituents of the Index. Existing constituents that have appreciated in value to greater than $10,000 per share may remain in the Index.

The Index Provider uses the thematic focus areas to narrow the frontier list to 30 securities that will comprise the Index based on its assessment of a company’s near and long-term prospects relative to frontier technology development.

After establishing the selection set, the Index Provider ranks companies using the following metrics: (1) revenue growth; and (2) revenue growth acceleration ranking. Each of these two rankings will be weighted by 1/2 and summed to create a composite ranking for each stock in the selection set.

The Index is weighted across the two ranking categories given the ranking of the selection set: a high conviction category of 5 stocks at 5% weight each, and a conviction category with 25 stocks at a weight of 3% weight each. The Index is rebalanced and reconstituted monthly.

The Fund is classified as “diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”). To the extent the Index concentrates (i.e., holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Fund will concentrate its investments to approximately the same extent. As of the date of this prospectus, the Fund had significant exposure to the information technology sector.

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LOUP - Performance

Return Ranking - Trailing

Period LOUP Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -15.0% 28.6% 61.67%
1 Yr 43.1% -16.7% 81.1% 59.47%
3 Yr -3.7%* -30.8% 29.1% 82.06%
5 Yr 15.0%* -9.7% 35.6% 69.35%
10 Yr N/A* 0.3% 27.6% 87.50%

* Annualized

Return Ranking - Calendar

Period LOUP Return Category Return Low Category Return High Rank in Category (%)
2023 51.3% -5.6% 96.9% 41.15%
2022 -46.0% -73.9% -16.4% 78.48%
2021 7.5% -44.6% 51.5% 45.50%
2020 86.2% 5.5% 154.1% 4.33%
2019 31.8% -3.0% 63.7% 59.09%

Total Return Ranking - Trailing

Period LOUP Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -15.0% 28.6% 61.67%
1 Yr 43.1% -16.7% 81.1% 59.47%
3 Yr -3.7%* -30.8% 29.1% 82.06%
5 Yr 15.0%* -9.7% 35.6% 69.35%
10 Yr N/A* 0.3% 27.6% N/A

* Annualized

Total Return Ranking - Calendar

Period LOUP Return Category Return Low Category Return High Rank in Category (%)
2023 51.3% -2.3% 96.9% 49.12%
2022 -46.0% -67.5% -5.9% 90.58%
2021 7.5% -17.8% 59.2% 81.53%
2020 86.2% 17.5% 157.5% 6.73%
2019 31.8% 7.5% 66.9% 82.83%

LOUP - Holdings

Concentration Analysis

LOUP Category Low Category High LOUP % Rank
Net Assets 54.1 M 4.18 M 58.1 B 84.65%
Number of Holdings 32 10 319 92.98%
Net Assets in Top 10 18.4 M 1.23 M 40.5 B 88.60%
Weighting of Top 10 54.77% 11.5% 100.0% 32.46%

Top 10 Holdings

  1. Mount Vernon Liquid Assets Portfolio, LLC 17.66%
  2. SK Hynix Inc 5.11%
  3. Smartsheet Inc 5.03%
  4. GLOBALFOUNDRIES Inc 4.66%
  5. Shift4 Payments Inc 4.46%
  6. LG Energy Solution Ltd 4.39%
  7. NU Holdings Ltd/Cayman Islands 3.57%
  8. ROBLOX Corp 3.35%
  9. Lockheed Martin Corp 3.31%
  10. Arista Networks Inc 3.24%

Asset Allocation

Weighting Return Low Return High LOUP % Rank
Stocks
96.67% 0.00% 103.06% 80.70%
Cash
18.05% -0.14% 26.97% 1.32%
Preferred Stocks
2.99% 0.00% 7.72% 1.75%
Other
0.00% -0.04% 26.87% 85.96%
Convertible Bonds
0.00% 0.00% 0.40% 88.60%
Bonds
0.00% 0.00% 90.88% 88.60%

Stock Sector Breakdown

Weighting Return Low Return High LOUP % Rank
Technology
57.73% 2.80% 100.00% 82.02%
Industrials
17.85% 0.00% 38.68% 3.07%
Communication Services
9.30% 0.00% 97.05% 54.82%
Consumer Cyclical
9.19% 0.00% 32.97% 27.19%
Financial Services
5.93% 0.00% 38.36% 35.96%
Utilities
0.00% 0.00% 5.17% 89.04%
Real Estate
0.00% 0.00% 15.05% 90.79%
Healthcare
0.00% 0.00% 25.57% 94.74%
Energy
0.00% 0.00% 1.24% 87.72%
Consumer Defense
0.00% 0.00% 5.64% 89.91%
Basic Materials
0.00% 0.00% 2.38% 88.16%

Stock Geographic Breakdown

Weighting Return Low Return High LOUP % Rank
US
75.06% 0.00% 103.06% 89.47%
Non US
21.61% 0.00% 58.19% 10.09%

LOUP - Expenses

Operational Fees

LOUP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.08% 6.86% 73.13%
Management Fee 0.70% 0.03% 1.95% 45.18%
12b-1 Fee 0.00% 0.00% 1.00% 31.75%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

LOUP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

LOUP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LOUP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.69% 281.00% 86.97%

LOUP - Distributions

Dividend Yield Analysis

LOUP Category Low Category High LOUP % Rank
Dividend Yield 0.00% 0.00% 7.37% 92.98%

Dividend Distribution Analysis

LOUP Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

LOUP Category Low Category High LOUP % Rank
Net Income Ratio -0.27% -2.30% 2.08% 37.05%

Capital Gain Distribution Analysis

LOUP Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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LOUP - Fund Manager Analysis

Managers

Dustin Lewellyn


Start Date

Tenure

Tenure Rank

Jul 24, 2018

3.85

3.9%

Dustin Lewellyn, CFA. Mr. Lewellyn has extensive background in institutional investment process with a specific focus on exchange-traded funds (“ETFs”). Mr. Lewellyn was a portfolio manager at BGI (now part of Blackrock), and he managed a number of international equity funds. Dustin also was head of ETF product management and product development at Northern Trust where he oversaw the build out and management of all areas of a new ETF business, including primary responsibility for the portfolio management process surrounding the ETFs. Mr. Lewellyn also built and ran a new ETF business for Charles Schwab, including having primary responsibility for the technology and investment process to support portfolio management for the ETFs. Mr. Lewellyn started a consulting business with a focus on ETFs and helped numerous new ETF sponsors, as well as service providers, understand the resource requirements to participate in the industry utilizing current best practices. Mr. Lewellyn holds a B.A. from University of Iowa and is a CFA Charterholder. He also holds security licenses 7, 63, 66 and 24.

Ernesto Tong


Start Date

Tenure

Tenure Rank

Jul 24, 2018

3.85

3.9%

Mr. Tong has been a managing director with Penserra since 2015. Prior to joining Penserra, Mr. Tong spent seven years as a vice president at Blackrock, where he was a portfolio manager for a number of the iShares ETFs, and prior to that, he spent two years in the firm’s index research group.

Anand Desai


Start Date

Tenure

Tenure Rank

Jul 24, 2018

3.85

3.9%

Anand Desai. Mr. Desai has been an Associate with Penserra since 2015. Prior to joining the Penserra Capital Management, LLC, Mr. Desai was a portfolio fund accountant at State Street for five years.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 32.43 8.4 1.41