# Innovator U.S. Equity Buffer ETF (BSEP): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bsep for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Innovator · Asset class: Equity - Strategy: Buffered · Inception: 2019-09-03 The Innovator U.S. Equity Buffer ETF endeavors to mirror the performance of the SPDR S&P 500 ETF Trust (SPY), with returns capped at a pre-established limit. Concurrently, it shields investors from the initial 9% of price drops over its designated outcome period. This ETF is suitable for continuous holding, as its characteristics recalibrate at the close of each outcome period, which typically spans about one year. ## Key Facts | Metric | Value | |---|---| | Price | $54.04 | | Expense Ratio | 0.79% | | Assets Under Management | $459.8M | | NAV | $54.09 | | Holdings Count | 6 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Irregular | | 52-Week Range | $46.94 – $54.99 | | Beta | 0.65 | ## Latest Distribution - Amount: $0.3597 /share - Ex-date: 2019-11-19 - Pay date: 2019-11-21 ## Frequently Asked Questions ### What does BSEP invest in? The Innovator U.S. Equity Buffer ETF endeavors to mirror the performance of the SPDR S&P 500 ETF Trust (SPY), with returns capped at a pre-established limit. Concurrently, it shields investors from the initial 9% of price drops over its designated outcome period. This ETF is suitable for continuous holding, as its characteristics recalibrate at the close of each outcome period, which typically spans about one year. ### What is the expense ratio of BSEP? Innovator U.S. Equity Buffer ETF (BSEP) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is BSEP? Innovator U.S. Equity Buffer ETF (BSEP) manages $459.8M 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 BSEP actively managed or an index fund? BSEP's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was BSEP launched? Innovator U.S. Equity Buffer ETF (BSEP) launched in September 2019 and is managed by Innovator. ### How has BSEP performed? BSEP'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. ### Does BSEP pay a dividend? Innovator U.S. Equity Buffer ETF (BSEP) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BSEP pay dividends? Innovator U.S. Equity Buffer ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is BSEP's dividend yield? BSEP's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is BSEP's next ex-dividend date? The most recently announced ex-dividend date for BSEP was 2019-11-19. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will BSEP's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.79% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BSEP charge its expense ratio? The expense ratio is deducted in tiny daily slices from BSEP's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BSEP cost more than a fund like VOO? BSEP's strategy (current expense ratio 0.79%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where BSEP sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to BSEP? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as BSEP (0.79%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bsep - Distribution history: https://www.dividenddata.com/funds/bsep/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bsep/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bsep/expenses - Peer comparison: https://www.dividenddata.com/funds/bsep/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.