Innovator Equity Premium Income – Daily PutWrite ETF

Frequently Asked Questions About SPUT

What does SPUT invest in?

This actively managed exchange-traded fund (ETF) primarily aims to generate current income and offer a degree of capital appreciation under typical market conditions. The portfolio manager expects to dedicate roughly half of the fund's total assets to the stocks of companies predominantly found within U.S. Equity Indices. It's important to note that this fund maintains a non-diversified investment approach.

What is the expense ratio of SPUT?

Innovator Equity Premium Income – Daily PutWrite ETF (SPUT) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

What is SPUT's distribution yield?

SPUT's trailing-twelve-month yield is 4.70%, calculated from the sum of distributions over the past year divided by the current price.

How does SPUT's covered-call strategy work?

SPUT 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 SPUT?

Innovator Equity Premium Income – Daily PutWrite ETF (SPUT) manages $17.2M 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 SPUT actively managed or an index fund?

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