Innovator Premium Income 15 Buffer ETF

Frequently Asked Questions About LOCT

What does LOCT invest in?

To realize the specific benefits the Fund aims to deliver, investors must continuously hold their shares from the commencement of the "Outcome Period" until its conclusion, a duration typically spanning approximately one year. Nevertheless, there is no assurance that these anticipated outcomes will materialize, nor that the Fund will achieve its overarching investment objective.

What is the expense ratio of LOCT?

Innovator Premium Income 15 Buffer ETF (LOCT) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

What is LOCT's distribution yield?

LOCT's trailing-twelve-month yield is 5.17%, calculated from the sum of distributions over the past year divided by the current price.

How does LOCT's covered-call strategy work?

LOCT 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 LOCT?

Innovator Premium Income 15 Buffer ETF (LOCT) manages $11.3M 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 LOCT actively managed or an index fund?

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