Key stats
About Innovator U.S. Equity Ultra Buffer ETF - September
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Inception date
Sep 3, 2019
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
US45782C6497
USEP uses options in an effort to moderate losses on the S&P 500 over a one-year period starting each September. The fund foregoes some upside return as well as the S&P 500s dividend component, because the options are written on the price (not total) return version of the index. In exchange for buffering losses between -5% and -30% of the S&P 500, investors forego upside participation above a certain threshold, which is reset annually. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the period to achieve the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed, resets annually and uses FLEX options exclusively.
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
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants99.73%
Cash0.27%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
USEP last dividends amounted to 0.10 USD. The year before, the issuer paid 0.06 USD in dividends, which shows a 43.57% increase.
USEP assets under management is 218.44 M USD. It's risen 70.84% over the last month.
USEP fund flows account for 65.43 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.
USEP shares are issued by Innovator Capital Management LLC under the brand Innovator. The ETF was launched on Sep 3, 2019, and its management style is Active.
USEP expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
USEP follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
USEP invests in cash.
USEP price has risen by 1.63% over the last month, and its yearly performance shows a 11.46% increase. See more dynamics on USEP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.58% over the last month, showed a 7.00% increase in three-month performance and has increased by 12.28% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.58% over the last month, showed a 7.00% increase in three-month performance and has increased by 12.28% in a year.
USEP trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.