Key stats
About Innovator International Developed Power Buffer ETF - May
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Inception date
May 1, 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
US45783Y2937
IMAY uses FLEX options in an effort to participate in the price performance of the iShares MSCI EAFE ETF (ticker: EFA), up to a predetermined cap, while buffering some downside loss over a one-year period starting each May. The fund foregoes some upside return as well as any dividend component because the options are written on the price (not total) return version of the shares. In exchange for preventing the realization of the first 15% of EFA's losses, 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 for the entire outcome period to pursue the intended results. The targeted buffers and caps do not include the fund's 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 & Warrants99.83%
Cash0.17%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
No, IMAY doesn't pay dividends to its holders.
IMAY shares are issued by Innovator Capital Management LLC under the brand Innovator. The ETF was launched on May 1, 2024, and its management style is Active.
IMAY expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
IMAY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
IMAY invests in cash.