# Innovator ETFs Trust - Innovator U.S. Small Cap 10 Buffer ETF - Quarterly (RBUF): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rbuf for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Innovator · Asset class: — - Strategy: Buffered · Inception: 2024-07-01 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... ## Key Facts | Metric | Value | |---|---| | Price | $31.03 | | Expense Ratio | 0.79% | | Assets Under Management | $108.6M | | NAV | $31.02 | | Holdings Count | 0 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $28.22 – $31.58 | | Beta | 0.39 | ## Frequently Asked Questions ### 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. ### Does RBUF pay a dividend? Innovator ETFs Trust - Innovator U.S. Small Cap 10 Buffer ETF - Quarterly (RBUF) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RBUF pay dividends? Innovator ETFs Trust - Innovator U.S. Small Cap 10 Buffer ETF - Quarterly pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is RBUF's dividend yield? RBUF's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is RBUF's next ex-dividend date? RBUF hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will RBUF's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.79% 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 RBUF charge its expense ratio? The expense ratio is deducted in tiny daily slices from RBUF'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 RBUF cost more than a fund like VOO? RBUF's strategy (current expense ratio 0.79%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where RBUF sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to RBUF? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as RBUF (0.79%) 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/rbuf - Distribution history: https://www.dividenddata.com/funds/rbuf/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rbuf/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rbuf/expenses - Peer comparison: https://www.dividenddata.com/funds/rbuf/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.