Key stats
About Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly
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Inception date
Feb 6, 2025
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
US45784N6922
QBF aims to provide a defined outcome strategy using FLEX options tied to ETPs linked to bitcoin or the CBOE Bitcoin US ETF Index. The goal is to mirror bitcoin's price return, capped at a certain percentage, with a 20% maximum loss over three months. The strategy employs a participation rate set at the start of each period, expected to capture 65-75% of bitcoin's gains, though not guaranteed. To achieve this, the fund invests in US Treasuries and, via a subsidiary, engages in FLEX options. It buys in-the-money call options for bitcoin exposure and sells at-the-money calls to offset some gains. A floor activates if bitcoin drops over 20%, leaving the fund with US Treasuries amounting to 80% of its assets. This outcome is only achieved by buying QBF shares on the first day and holding them until the last day of the period.
Classification
Symbol
Geography
Global
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
Rights & Warrants
Bonds, Cash & Other100.00%
Government81.73%
Rights & Warrants18.28%
Cash−0.01%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
QBF assets under management is 21.19 M USD. It's risen 24.10% over the last month.
QBF fund flows account for 19.90 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.
No, QBF doesn't pay dividends to its holders.
QBF shares are issued by Innovator Capital Management LLC under the brand Innovator. The ETF was launched on Feb 6, 2025, and its management style is Active.
QBF expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
QBF follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QBF invests in bonds.
QBF trades at a premium (0.13%) meaning the ETF is trading at a higher price than the calculated NAV.