Key stats
About Innovator Laddered Allocation Power Buffer ETF
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Inception date
Oct 20, 2016
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
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
US45783Y8140
BUFF is a collection of buffer ETFs in one ticket. The fund fund-of-funds passively invests equally across the issuer's own, monthly S&P 500 Power Buffer ETFs. Each underlying ETF uses FLEX options in an effort to provide a buffer against the first 15% of losses in the SPDR S&P 500 ETF and capped upside performance over a one-year holding period. The laddered approach allows each ETF to conclude its one-year outcome period and then roll to a new outcome period. Thus, resetting both buffer and cap levels for another twelve months and helping to mitigate timing risks associated with the strategy. The portfolio is rebalanced semi-annually to equal weighting. Note that the fund itself does not pursue a defined outcome strategy. Before Feb. 9, 2022, the fund name was Innovator Fund of US Equity Power Buffer ETF. Prior to August 11, 2020, the fund traded as Innovator Lunt Low Vol/High Beta Tactical ETF under ticker: LVHB and tracked Lunt Capital U.S. Large Cap Equity Rotation Index.
Related funds
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BUFF assets under management is 725.93 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BUFF invests in funds. See more details in our Analysis section.
BUFF expense ratio is 0.89%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BUFF isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
BUFF shares are issued by Innovator Capital Management LLC
BUFF follows the Refinitiv Laddered Power Buffer Strategy Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 20, 2016.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.