Key stats
About Innovator Premium Income 15 Buffer ETF - October
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Inception date
Sep 29, 2023
Structure
Open-Ended Fund
Replication method
Synthetic
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
ISIN
US45783Y4347
LOCT provides no upside potential. Instead, it aims for a defined rate of income and downside protection over a one-year period starting each October. The actively managed portfolio consists of i) US Treasurys maturing on each quarterly distribution date and ii) out-of-the-money SPDR S&P 500 ETF Trust (SPY) put FLEX options sold to provide one-to-one downside exposure. The fund invests the net premiums generated from the purchased and sold puts in US Treasurys. At each outcome period, the fund seeks to provide income through a defined distribution rate and a buffer against the first 15% of SPY losses. In exchange for this buffer, investors forgo any upside participation. After the buffer level is breached, investors take on the full downside of the underlying ETF's returns. The fund must be held during the entire return period to pursue intended results. Investors who buy at any other time than the annual reset day may have a different investment return.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government100.11%
Rights & Warrants−0.01%
Cash−0.09%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
LOCT last dividends amounted to 0.10 USD. The month before, the issuer paid 0.10 USD in dividends,
LOCT assets under management is 13.12 M USD. It's fallen 0.06% over the last month.
LOCT fund flows account for −4.77 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.
Yes, LOCT pays dividends to its holders with the dividend yield of 5.24%. The last dividend (Sep 2, 2025) amounted to 0.10 USD. The dividends are paid monthly.
LOCT shares are issued by Innovator Capital Management LLC under the brand Innovator. The ETF was launched on Sep 29, 2023, and its management style is Active.
LOCT expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
LOCT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LOCT invests in bonds.
LOCT price has risen by 0.01% over the last month, and its yearly performance shows a −0.08% decrease. See more dynamics on LOCT price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.38% increase in three-month performance and has increased by 5.42% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 1.38% increase in three-month performance and has increased by 5.42% in a year.
LOCT trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.