Innovator Equity Managed 100 Buffer ETFInnovator Equity Managed 100 Buffer ETFInnovator Equity Managed 100 Buffer ETF

Innovator Equity Managed 100 Buffer ETF

No trades

Key stats


Assets under management (AUM)
‪110.68 M‬USD
Fund flows (1Y)
‪108.60 M‬USD
Dividend yield (indicated)
0.27%
Discount/Premium to NAV
0.1%
Shares outstanding
‪4.15 M‬
Expense ratio
0.89%

About Innovator Equity Managed 100 Buffer ETF


Issuer
Innovator Capital Management LLC
Brand
Innovator
Inception date
May 12, 2025
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Synthetic
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Innovator Capital Management LLC
Distributor
Foreside Fund Services LLC
Identifiers
3
ISIN US45784N6195
BFRZ aims to provide 40 to 50% upside exposure to the S&P 500 Index, with one-third of the volatility and a target of 1 to 3% for annual maximum loss. BFRZ differentiates itself by holding physical equities, allowing potential dividends to pass through to shareholders. The underlying portfolio is systematically managed to pursue the same profile but with less than 70% overlap in holdings with the S&P 500 Index. The portfolio also holds quarterly laddered 10% in-the-money puts on the S&P 500 and writes bi-weekly covered calls. The scatter plot forms a smile, indicating that the fund, compared to the S&P, may experience limited upside participation but may also gain by avoiding significant losses in a market drawdown. The fund continuously rolls the option contracts, therefore, it does not have a stated outcome period. This making it crucial to know that the entry/exit point for trading the shares is at the end of each calendar quarter.

Broaden your horizons with more funds linked to this ETF via country, focus, and more.

Classification


Asset Class
Alternatives
Niche
S&P 500
Geography
U.S.
Weighting scheme
Fixed
Selection criteria
Fixed
What's in the fund
Exposure type
StocksBonds, Cash & Other
Electronic Technology
Technology Services
Finance
Stocks93.26%
Electronic Technology23.95%
Technology Services18.22%
Finance12.87%
Retail Trade7.85%
Health Technology7.74%
Producer Manufacturing3.19%
Consumer Non-Durables3.04%
Energy Minerals2.70%
Consumer Durables2.63%
Utilities2.16%
Consumer Services1.86%
Transportation1.25%
Industrial Services1.23%
Non-Energy Minerals1.03%
Distribution Services0.95%
Process Industries0.76%
Communications0.63%
Health Services0.61%
Commercial Services0.59%
Bonds, Cash & Other6.74%
Rights & Warrants5.67%
Cash1.07%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BFRZ trades at 26.99 USD today, its price has risen 1.17% in the past 24 hours. Track more dynamics on BFRZ price chart.
BFRZ net asset value is 26.96 today — it's risen 0.19% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BFRZ assets under management is ‪110.68 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BFRZ price has risen by 0.13% over the last month, and its yearly performance shows a 7.63% increase. See more dynamics on BFRZ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.19% over the last month, showed a 0.53% increase in three-month performance and has increased by 0.68% in a year.
BFRZ fund flows account for ‪108.60 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BFRZ invests in stocks. See more details in our Analysis section.
BFRZ expense ratio is 0.89%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BFRZ isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BFRZ technical analysis shows the strong buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BFRZ shows the strong buy signal. See more of BFRZ technicals for a more comprehensive analysis.
Yes, BFRZ pays dividends to its holders with the dividend yield of 0.27%.
BFRZ trades at a premium (0.12%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BFRZ shares are issued by Innovator Capital Management LLC
BFRZ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 12, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.