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About Innovator Equity Defined Protection ETF - 1 Yr September
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Inception date
Sep 3, 2024
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
US45784N1063
ZSEP invests all its assets in FLEX options. The option positions are structured in a way that aims to provide long exposure to US large-cap stocks, up to a cap, while fully hedging downside risk over one year. The upside cap and hedge are reset annually, at the beginning of September. Shareholders should note that they will not receive dividends since the objective focuses on potential growth. The specific defined outcome pursued may only be possible if an investor would hold the shares for the entire outcome period. However, there is no guarantee that the defined outcome strategy pursued will be realized by investors. When factoring risks, potential rewards, and the all-in costs for such a strategy, ZSEP is considered an alternative to more expensive fixed indexed annuities, market-linked CDs, holding near-term Treasury, or cash.
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 & Warrants99.82%
Cash0.18%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ZSEP assets under management is 148.67 M USD. It's risen 102.04% over the last month.
ZSEP fund flows account for 39.99 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, ZSEP doesn't pay dividends to its holders.
ZSEP shares are issued by Innovator Capital Management LLC under the brand Innovator. The ETF was launched on Sep 3, 2024, and its management style is Active.
ZSEP expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
ZSEP follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZSEP invests in cash.
ZSEP price has risen by 0.69% over the last month, and its yearly performance shows a 6.37% increase. See more dynamics on ZSEP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.80% over the last month, showed a 2.48% increase in three-month performance and has increased by 5.54% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.80% over the last month, showed a 2.48% increase in three-month performance and has increased by 5.54% in a year.
ZSEP trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.