- What does XBFR invest in?
- XBFR provides US large-cap exposure with an options overlay designed to help reduce the impact of market losses. The fund invests in companies' representative of the Solactive GBS United States 500 Index and uses FLEX put options that seek to provide protection against the first 10% of losses over rolling one-year outcome periods. Rather than relying on a single annual reset, the strategy staggers contracts quarterly, creating overlapping buffer windows. To generate option premium that helps pay for the put protection, the fund sells short-dated call options, which limits some upside participation in rising markets. Because the options reference a price return index, dividend payments are not reflected in the protection structure. Buffer levels are set based on NAV at contract entry and are intended to apply at expiration, meaning entry timing can materially affect outcomes. Losses beyond 10% would not be protected, and fund expenses would reduce the effective buffer.
- What is the expense ratio of XBFR?
- Innovator Equity Managed 10 Buffer ETF (XBFR) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is XBFR?
- Innovator Equity Managed 10 Buffer ETF (XBFR) manages $45.5M 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 XBFR actively managed or an index fund?
- XBFR's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was XBFR launched?
- Innovator Equity Managed 10 Buffer ETF (XBFR) launched in February 2026 and is managed by Innovator.
- How has XBFR performed?
- XBFR'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.
