- What does BFEB invest in?
- BFEB uses FLEX options in an effort to moderate losses on the SPDR S&P 500 ETF over a one-year period starting each February. The fund foregoes some upside return as well as the ETF's dividend component, because the options are written on the price (not total) return version of the shares. In exchange for preventing realization of a certain percentage of losses on the shares, investors forego upside some participation. The partial downside hedge and upside cap are 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 the entire outcome period in attempt to achieve the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed, using FLEX options and collateral exclusively.
- What is the expense ratio of BFEB?
- Innovator U.S. Equity Buffer ETF - February (BFEB) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is BFEB?
- Innovator U.S. Equity Buffer ETF - February (BFEB) manages $253.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is BFEB actively managed or an index fund?
- BFEB's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was BFEB launched?
- Innovator U.S. Equity Buffer ETF - February (BFEB) launched in February 2020 and is managed by Innovator.
- How has BFEB performed?
- BFEB's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
