# Innovator Equity Managed 10 Buffer ETF (XBFR): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/xbfr for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Innovator · Asset class: Alternatives - Strategy: Buffered · Inception: 2026-02-24 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 partic... ## Key Facts | Metric | Value | |---|---| | Price | $26.89 | | Expense Ratio | 0.79% | | Assets Under Management | $53.6M | | NAV | $26.80 | | Holdings Count | 195 | | Distribution Yield (TTM) | 0.14% | | Annual Distribution (TTM) | $0.04 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $24.17 – $28.07 | | Beta | 0.47 | ## Latest Distribution - Amount: $0.0183 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-02 ## Frequently Asked Questions ### 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 $53.6M 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 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. ### Does XBFR pay a dividend? Innovator Equity Managed 10 Buffer ETF (XBFR) currently distributes little or no income. Trailing-twelve-month yield is 0.14%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does XBFR pay dividends? Innovator Equity Managed 10 Buffer ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is XBFR's dividend yield? XBFR's trailing-twelve-month yield is 0.14%, calculated from the sum of dividends over the past year divided by the current price. ### When is XBFR's next ex-dividend date? The most recently announced ex-dividend date for XBFR was 2026-09-30. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will XBFR'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 XBFR charge its expense ratio? The expense ratio is deducted in tiny daily slices from XBFR'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 XBFR cost more than a fund like VOO? XBFR'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 XBFR sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to XBFR? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as XBFR (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/xbfr - Distribution history: https://www.dividenddata.com/funds/xbfr/dividend - Holdings & diversification: https://www.dividenddata.com/funds/xbfr/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/xbfr/expenses - Peer comparison: https://www.dividenddata.com/funds/xbfr/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.