Innovator U.S. Equity Ultra Buffer ETF

Frequently Asked Questions About UMAY

What does UMAY invest in?

The Innovator U.S. Equity Ultra Buffer ETF is designed to mirror the investment performance of the SPDR S&P 500 ETF Trust (SPY), with returns capped at a specific predetermined level. Simultaneously, it is engineered to shield investors from potential losses ranging from -5% to -35% during its designated outcome period. This ETF offers the flexibility of being held for an unlimited duration, as its investment parameters are re-established at the conclusion of each outcome period, which typically happens once a year.

What is the expense ratio of UMAY?

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

How big is UMAY?

Innovator U.S. Equity Ultra Buffer ETF (UMAY) manages $85.7M 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 UMAY actively managed or an index fund?

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

When was UMAY launched?

Innovator U.S. Equity Ultra Buffer ETF (UMAY) launched in May 2020 and is managed by Innovator.

How has UMAY performed?

UMAY'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.