Frequently Asked Questions About UMAR

What does UMAR invest in?

Here's a rephrased description: The Innovator U.S. Equity Ultra Buffer ETF (UMAR) is designed to mirror the performance of an S&P 500-tracking ETF, though with an imposed ceiling on potential gains. Concurrently, it offers investors a protective buffer against market downturns, absorbing losses that occur within the range of -5% to -35% over its defined outcome period. This fund is built for continuous investment, with its specific cap and buffer parameters resetting annually at the end of each investment cycle.

What is the expense ratio of UMAR?

Innovator U.S. Equity Ultra Buffer ETF (UMAR) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

Is UMAR a good long-term hold?

UMAR is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does UMAR's daily reset work?

UMAR rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is UMAR?

Innovator U.S. Equity Ultra Buffer ETF (UMAR) manages $141.8M 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 UMAR actively managed or an index fund?

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

UMAR

Innovator U.S. Equity Ultra Buffer ETF

CBOE·Asset Management · Financial Services

$43.25$0.05−0.12%

Market closed·Oct 23 4:00 PM EDT

Price Chart

$43.25−$0.05 (−0.12%)today

+46.36%CAGR +7.92%

Select date range

FromTo

Mar 2, 2020Oct 25, 2021 → Oct 25, 2026· 5.0 yrsOct 25, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)—

Distribution Yield (FWD)—

Annual Distribution (TTM)—

Distribution Yield (TTM)—

Distribution Growth (5Y)—

Frequency—

Most Recent—

Ex-Dividend Date—

Payment Date—

DiversificationDiversification Tab

Holdings1

Top 10 Weight101.9%

Top 25 Weight101.9%

Effective Holdings1

Sectors11

Largest HoldingVOO · 101.9%

Largest SectorTechnology · 38.7%

Asset ClassEquity

StrategyLeveraged

Cost & RiskExpenses Tab

Expense Ratio0.79%

Cost per 10k Invested$79.00

AUM$141.80M

Avg Daily Volume21.19K

Price$43.25

NAV$43.30

Premium / Discount−0.12%

52-Week Range$38.84 – $43.63

Beta0.44

Fund Overview

Cost Verdict

Is UMAR's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: Innovator
Asset Class: Equity
Strategy: Leveraged
Inception: March 2, 2020
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US45782C3759
CUSIP: 45782C375
Website: www.innovatoretfs.com/etf/?ticker=UMAR

Peers

Peers Tab

BMAR

Innovator U.S. Equity Buffer ETF

Cap

$200.9M

UFEB

Innovator U.S. Equity Ultra Buffer ETF

Cap

$169.2M

BJUN

Innovator U.S. Equity Buffer ETF

Cap

$187.4M

Latest News

News Tab

No recent news available.

Frequently Asked Questions About UMAR

What does UMAR invest in?: Here's a rephrased description: The Innovator U.S. Equity Ultra Buffer ETF (UMAR) is designed to mirror the performance of an S&P 500-tracking ETF, though with an imposed ceiling on potential gains. Concurrently, it offers investors a protective buffer against market downturns, absorbing losses that occur within the range of -5% to -35% over its defined outcome period. This fund is built for continuous investment, with its specific cap and buffer parameters resetting annually at the end of each investment cycle.
What is the expense ratio of UMAR?: Innovator U.S. Equity Ultra Buffer ETF (UMAR) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.
Is UMAR a good long-term hold?: UMAR is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
How does UMAR's daily reset work?: UMAR rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
How big is UMAR?: Innovator U.S. Equity Ultra Buffer ETF (UMAR) manages $141.8M 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 UMAR actively managed or an index fund?: UMAR's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.