Key stats
About Innovator Power Buffer Step-Up Strategy ETF
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Inception date
Mar 8, 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
US45783Y7233
PSTP offers an alternative way of managing buffer strategies. It uses FLEX options to moderate losses on the SPDR S&P 500 ETF, with the options portfolio providing a buffer against the first 15% of losses in exchange for capping the upside participation. Unlike other buffer ETFs, the fund does not use a defined outcome strategy. Instead, it evaluates its portfolio monthly and uses a step-up strategy to offset timing risks inherent in owning an options portfolio for one year. At the end of each month, the adviser may sell then-current portfolio and enter new options contracts with a new one-year duration if the NAV rises by 2% to 6% or falls by -1% to -5%. By doing so, the fund potentially captures more upside in positive markets, while refreshing the buffer against market loss. Since the fund is not designed to hold the options portfolio to its expiration date, investors will experience very different investment results than if the options portfolio were held for its contract duration.
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 & Warrants99.92%
Cash0.08%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PSTP assets under management is 123.26 M USD. It's risen 3.63% over the last month.
PSTP fund flows account for 23.39 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, PSTP doesn't pay dividends to its holders.
PSTP shares are issued by Innovator Capital Management LLC under the brand Innovator. The ETF was launched on Mar 8, 2022, and its management style is Active.
PSTP expense ratio is 0.89% meaning you'd have to pay 0.89% of your investment to help manage the fund.
PSTP follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PSTP invests in cash.
PSTP price has risen by 1.54% over the last month, and its yearly performance shows a 11.31% increase. See more dynamics on PSTP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.75% over the last month, showed a 4.88% increase in three-month performance and has increased by 11.38% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.75% over the last month, showed a 4.88% increase in three-month performance and has increased by 11.38% in a year.
PSTP trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.