# Innovator International Developed Managed Floor ETF (IFLR): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/iflr 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: Options Income · Inception: 2025-11-20 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 s... ## Key Facts | Metric | Value | |---|---| | Price | $52.40 | | Expense Ratio | 0.89% | | Assets Under Management | $99.0M | | NAV | $52.09 | | Holdings Count | 343 | | Distribution Yield (TTM) | 0.86% | | Annual Distribution (TTM) | $0.45 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $48.22 – $55.87 | | Beta | 0.45 | ## Latest Distribution - Amount: $0.0959 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-02 ## Frequently Asked Questions ### 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 0.86%, 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 $99.0M 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. ### Does IFLR pay a distribution? Yes, Innovator International Developed Managed Floor ETF (IFLR) distributes distributions to shareholders. The trailing-twelve-month yield is 0.86%. Full distribution history is on this page. ### How often does IFLR pay distributions? Innovator International Developed Managed Floor ETF pays distributions Quarterly. Each ex-dividend date, record date, and payment date is listed in the distribution history table on this page. ### When is IFLR's next ex-distribution date? The most recently announced ex-distribution date for IFLR was 2026-09-30. The next ex-date typically follows Quarterly; once announced it appears at the top of the distribution history table on this page. ### Is IFLR's distribution sustainable? Covered-call ETFs like IFLR fund their distributions from option premium income. Sustainability depends on (1) whether option premiums stay high enough to cover the announced rate, and (2) whether NAV holds up over time. The NAV Erosion section on this page contrasts total return with price change since inception. If distributions consistently exceed total return, the fund is paying out capital rather than income. ### How much will IFLR's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.89% 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 IFLR charge its expense ratio? The expense ratio is deducted in tiny daily slices from IFLR'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 IFLR cost more than a fund like VOO? IFLR is an options-income fund (current expense ratio 0.89%). Covered-call and 0DTE strategies require active option-writing, daily rebalancing, and dedicated risk management. They cost more than passive equity funds. The Cost Verdict card compares IFLR against the options-income cohort, not VOO. ### Are IFLR's distributions taxed at ordinary income or qualified-dividend rates? IFLR's option-premium distributions are typically classified as ordinary income (NOT the qualified-dividend rate), so they're taxed at your marginal federal rate plus state. For a 24% bracket investor that's roughly 2x the 15% long-term capital gains rate most dividend investors are used to. The Fee Compounding Forecast card above lets you layer in this tax drag alongside the fund fee. Consult a tax advisor. This is not tax advice. ### Are there cheaper alternatives to IFLR? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as IFLR (0.89%) 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/iflr - Distribution history: https://www.dividenddata.com/funds/iflr/dividend - Holdings & diversification: https://www.dividenddata.com/funds/iflr/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/iflr/expenses - Peer comparison: https://www.dividenddata.com/funds/iflr/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.