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Innovator S&P 500 Buffer ETF™ - September

etf
BSEP
Dividend policy
None
Price as of:
$28.09 -0.09 0%
primary theme
Options-based
BSEP (ETF)

Innovator S&P 500 Buffer ETF™ - September

Dividend policy
None
Price as of:
$28.09 -0.09 0%
primary theme
Options-based
BSEP (ETF)
Innovator S&P 500 Buffer ETF™ - September
Dividend policy
None
Price as of:
$28.09 -0.09 0%
primary theme
Options-based

BSEP - Snapshot

Vitals

  • YTD Return 8.9%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $77.9 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$28.18
$20.17
$28.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.79%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Options-based
  • Fund Type Exchange Traded Fund
  • Investment Style Options-based

Compare BSEP to Popular Options-based Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$23.63

-0.09%

$12.74 B

1.16%

$0.27

blocked
blocked
blocked

11.15%

0.60%

$35.86

-0.22%

$6.71 B

0.71%

$0.26

blocked
blocked
blocked

3.37%

1.01%

$8.89

-1.11%

$2.45 B

-

-

blocked
blocked
blocked

-2.31%

1.07%

$12.33

-0.96%

$1.76 B

-

-

blocked
blocked
blocked

-0.24%

1.07%

$8.95

-0.22%

$1.51 B

-

-

blocked
blocked
blocked

-10.77%

0.87%

Compare BSEP to Popular Options-based ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$22.39

-0.31%

$1.33 B

10.92%

$2.45

blocked
blocked
blocked

-5.97%

0.85%

$32.41

-0.25%

$703.84 M

0.57%

$0.19

blocked
blocked
blocked

13.19%

0.49%

$20.05

-0.27%

$160.47 M

1.49%

$0.30

blocked
blocked
blocked

-6.55%

0.49%

$26.83

-0.37%

$129.39 M

6.93%

$1.87

blocked
blocked
blocked

7.10%

0.68%

$28.24

-0.86%

$118.57 M

1.33%

$0.38

blocked
blocked
blocked

0.64%

1.09%

BSEP - Profile

Distributions

  • YTD Total Return 8.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.79%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Innovator S&P 500 Buffer ETF™ - September
  • Fund Family Name
    Innovator ETFs
  • Inception Date
    Aug 30, 2019
  • Shares Outstanding
    2950000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Cummings

Fund Description

The fund invests at least 80% of its net assets in FLexible EXchange® Options ("FLEX Options") that reference the S&P 500 Price Return Index ("S&P 500 Price Index"). FLEX Options are exchange-traded options contracts with uniquely customizable terms. Although guaranteed for settlement by the Options Clearing Corporation (the "OCC"), FLEX Options are still subject to counterparty risk with the OCC and may be less liquid than more traditional exchange-traded options. It is non-diversified.


BSEP - Performance

Return Ranking - Trailing

Period BSEP Return Category Return Low Category Return High Rank in Category (%)
YTD 8.9% -34.0% 922.0% 14.35%
1 Yr 5.8% -34.2% 25.3% 23.77%
3 Yr N/A* -14.7% 13.8% N/A
5 Yr N/A* -8.0% 12.6% N/A
10 Yr N/A* -5.7% 12.2% N/A

* Annualized

Return Ranking - Calendar

Period BSEP Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -28.6% 28.4% N/A
2018 N/A -93.5% 8.2% N/A
2017 N/A -38.9% 19.8% N/A
2016 N/A -10.9% 12.8% N/A
2015 N/A -31.0% 6.6% N/A

Total Return Ranking - Trailing

Period BSEP Return Category Return Low Category Return High Rank in Category (%)
YTD 8.4% -34.0% 922.0% 15.65%
1 Yr 5.8% -37.3% 25.3% 21.52%
3 Yr N/A* -14.7% 13.8% N/A
5 Yr N/A* -8.0% 12.6% N/A
10 Yr N/A* -5.7% 12.2% N/A

* Annualized

Total Return Ranking - Calendar

Period BSEP Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -5.9% 28.4% N/A
2018 N/A -30.9% 8.2% N/A
2017 N/A -23.4% 19.8% N/A
2016 N/A -10.9% 12.8% N/A
2015 N/A -31.0% 8.0% N/A

BSEP - Holdings

Concentration Analysis

BSEP Category Low Category High BSEP % Rank
Net Assets 77.9 M 628 K 12.7 B 51.78%
Number of Holdings 16 3 509 72.00%
Net Assets in Top 10 78.3 M -3.33 M 3.98 B 34.40%
Weighting of Top 10 N/A 14.4% 100.0% N/A

Top 10 Holdings

  1. Option on S&P 500 PR 95.33%
  2. Option on S&P 500 PR 95.33%
  3. Option on S&P 500 PR 95.33%
  4. Option on S&P 500 PR 95.33%
  5. Option on S&P 500 PR 95.33%
  6. Option on S&P 500 PR 95.33%
  7. Option on S&P 500 PR 95.33%
  8. Option on S&P 500 PR 95.33%
  9. Option on S&P 500 PR 95.33%
  10. Option on S&P 500 PR 95.33%

Asset Allocation

Weighting Return Low Return High BSEP % Rank
Stocks
89.04% -8.21% 100.13% 60.40%
Cash
10.96% -27.95% 103.52% 32.80%
Preferred Stocks
0.00% 0.00% 5.17% 85.20%
Other
0.00% -5.49% 78.63% 87.60%
Convertible Bonds
0.00% 0.00% 27.16% 87.20%
Bonds
0.00% 0.00% 98.05% 87.20%

Stock Sector Breakdown

Weighting Return Low Return High BSEP % Rank
Technology
24.69% 0.00% 44.70% 26.87%
Healthcare
14.32% 0.00% 29.45% 52.42%
Financial Services
12.86% 0.00% 27.65% 69.60%
Consumer Cyclical
11.31% 0.00% 18.75% 53.30%
Communication Services
10.80% 0.00% 21.22% 56.39%
Industrials
8.62% 1.88% 44.64% 55.07%
Consumer Defense
7.50% 0.00% 26.50% 59.47%
Utilities
2.97% 0.00% 15.00% 64.76%
Real Estate
2.64% 0.00% 8.90% 50.66%
Basic Materials
2.23% 0.00% 64.58% 58.15%
Energy
2.06% 0.00% 60.53% 69.60%

Stock Geographic Breakdown

Weighting Return Low Return High BSEP % Rank
US
88.22% -8.13% 99.79% 49.60%
Non US
0.82% -0.70% 98.99% 64.80%

BSEP - Expenses

Operational Fees

BSEP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.79% 0.20% 9.76% 88.03%
Management Fee 0.79% 0.00% 1.75% 50.00%
12b-1 Fee 0.00% 0.00% 1.00% 49.66%
Administrative Fee N/A 0.03% 0.28% N/A

Sales Fees

BSEP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

BSEP 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.

BSEP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 456.80% N/A

BSEP - Distributions

Dividend Yield Analysis

BSEP Category Low Category High BSEP % Rank
Dividend Yield 0.00% 0.00% 9.99% 87.75%

Dividend Distribution Analysis

BSEP Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

BSEP Category Low Category High BSEP % Rank
Net Income Ratio -0.79% -2.13% 14.24% 84.68%

Capital Gain Distribution Analysis

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

Dividend Payout History

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BSEP - Fund Manager Analysis

Managers

Robert Cummings


Start Date

Tenure

Tenure Rank

Aug 30, 2019

1.17

1.2%

Principal and Director of Global Trading at Milliman. Mr. Cummings has served in this role since 2007. Mr. Cummings has more than 13 years of experience as a trader with a primary focus on options. Prior to joining Milliman, he was involved in various proprietary trading strategies and was a portfolio manager of associated derivatives funds. These strategies included volatility arbitrage, global macro, and high-frequency trading. Entities at which Mr. Cummings has previously worked include Citadel Investment Group, TradeNet (as a primary market maker on the Chicago Board Options Exchange), KCM Group and Spyglass Capital Management.

Daniel Hare


Start Date

Tenure

Tenure Rank

Aug 30, 2019

1.17

1.2%

Senior Trader & Risk Manager at Milliman. Mr. Hare has served in this role since 2016. From 2011 – 2016 he served as a Trader & Risk Manager at Milliman. Mr. Hare has more than 25 years of experience in capital markets. Prior to joining Milliman, he was employed by ABN Amro Bank, Societe Generale, Bear Stearns and Dean Witter. He has significant experience in foreign exchange options trading and has also worked as a market maker and portfolio manager.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 19.35 3.67 5.26