Key stats
About Innovator Uncapped Accelerated U.S. Equity ETF
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Inception date
Aug 10, 2022
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
US45783Y6995
XUSP is suitable for speculative investors who are very bullish on the SPDR S&P 500 ETF (SPY). The strategy sells credit call spreads and buys out-of-the-money call options. The fund uses four, one-year FLEX Options packages with laddered 3-month expirations. The strategy does not offer any downside protection and will experience all subsequent losses of SPY on a one-to-one basis. In order to potentially receive any return, the index must increase more than 5% at the end of the one-year period. The accelerated returns mentioned in the fund are not stated as multiples, but rather, are calculated yearly for each options package and are dependent on market conditions. At each quarterly expiration, one of the option packages will be rolled further out and option strike prices set based on the index level. Shareholders should expect a higher portfolio turnover, which may result in higher taxes. The all in costs of this product should be compared with just simply buying long calls on SPY.
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 & Warrants99.72%
Cash0.28%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
XUSP assets under management is 48.82 M USD. It's risen 6.67% over the last month.
XUSP fund flows account for 16.47 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, XUSP doesn't pay dividends to its holders.
XUSP shares are issued by Innovator Capital Management LLC under the brand Innovator. The ETF was launched on Aug 10, 2022, and its management style is Active.
XUSP expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
XUSP follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
XUSP invests in cash.
XUSP price has risen by 2.42% over the last month, and its yearly performance shows a 22.72% increase. See more dynamics on XUSP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.16% over the last month, showed a 10.64% increase in three-month performance and has increased by 22.96% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.16% over the last month, showed a 10.64% increase in three-month performance and has increased by 22.96% in a year.
XUSP trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.