Innovator Buffer Step-Up Strategy ETF

Frequently Asked Questions About BSTP

What does BSTP invest in?

The Innovator Buffer Step-Up ETF (BSTP) is an actively managed investment vehicle designed to offer exposure to the SPDR S&P 500 ETF Trust (SPY) with a focus on risk management. This streamlined, single-ticker product utilizes a flexible buffer strategy, which is opportunistically managed. The fund undergoes a monthly assessment and is suitable for indefinite holding periods.

What is the expense ratio of BSTP?

Innovator Buffer Step-Up Strategy ETF (BSTP) charges an expense ratio of 0.89%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BSTP?

Innovator Buffer Step-Up Strategy ETF (BSTP) manages $60.1M 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 BSTP actively managed or an index fund?

BSTP's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was BSTP launched?

Innovator Buffer Step-Up Strategy ETF (BSTP) launched in March 2022 and is managed by Innovator.

How has BSTP performed?

BSTP'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.