Innovator ETFs Trust - Innovator U.S. Small Cap 10 Buffer ETF - Quarterly

Frequently Asked Questions About RBUF

What does RBUF invest in?

RBUF uses FLEX options in an effort to moderate losses on the iShares Russell 2000 ETF (ticker: IWM) over a three-month outcome period. The fund foregoes some upside return, as well as IWMs dividend component because the options are written on the price (not total) return version of the underlying ETF. In exchange for preventing the realization of the first 10% of the IWMs losses, investors forego upside participation above a certain threshold, which is reset quarterly. Investors who buy at any other time than the quarterly reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the outcome period to achieve the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed.

What is the expense ratio of RBUF?

Innovator ETFs Trust - Innovator U.S. Small Cap 10 Buffer ETF - Quarterly (RBUF) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RBUF?

Innovator ETFs Trust - Innovator U.S. Small Cap 10 Buffer ETF - Quarterly (RBUF) manages $108.6M 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 RBUF actively managed or an index fund?

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

When was RBUF launched?

Innovator ETFs Trust - Innovator U.S. Small Cap 10 Buffer ETF - Quarterly (RBUF) launched in July 2024 and is managed by Innovator.

How has RBUF performed?

RBUF'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.