- What does IFLR invest in?
- IFLR blends international developed equity exposure with a structured options framework designed to limit the impact of deep market declines. The equity sleeve invests in large- and mid-cap companies from developed markets outside the United States, using an optimized sampling process to mirror the sector, geographic, and risk characteristics of its reference index without holding every constituent. To reduce losses, the fund builds four staggered one-year put option positions, each with a strike set at roughly 90% of the index level at initiation, creating quarterly-resetting floors that seek to cap losses at about 10% at each contracts expiration. These puts are financed by selling short-term call options that renew roughly every week, generating premium income but limiting upside beyond each calls strike. By laddering both its purchased puts and written calls, the strategy aims to provide more continuous downside protection across market cycles while maintaining participation in a portion of equity gains.
- What is the expense ratio of IFLR?
- Innovator International Developed Managed Floor ETF (IFLR) charges an expense ratio of 0.89%. This is the annual fee deducted from fund assets to cover management and operations.
- What is IFLR's distribution yield?
- IFLR's trailing-twelve-month yield is 0.65%, calculated from the sum of distributions over the past year divided by the current price.
- How does IFLR's covered-call strategy work?
- IFLR 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 IFLR?
- Innovator International Developed Managed Floor ETF (IFLR) manages $97.8M 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 IFLR actively managed or an index fund?
- IFLR's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
