- What does BMAY invest in?
- The Innovator U.S. Equity Buffer ETF (BMAY) aims to replicate the performance of the SPDR S&P 500 ETF Trust (SPY), offering potential gains up to a specific, predefined maximum. Simultaneously, it provides a protective cushion for investors, shielding them from the initial 9% of any losses incurred over its designated outcome period. This ETF is suitable for long-term investment, as its features, including its upside potential and downside protection, refresh at the conclusion of each outcome period, which occurs approximately once per year.
- What is the expense ratio of BMAY?
- Innovator U.S. Equity Buffer ETF (BMAY) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.
- What is BMAY's distribution yield?
- BMAY's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.
- How does BMAY's covered-call strategy work?
- BMAY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
- How big is BMAY?
- Innovator U.S. Equity Buffer ETF (BMAY) manages $231.8M 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 BMAY actively managed or an index fund?
- BMAY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
