- What does ZFEB invest in?
- ZFEB invests all its assets in FLEX options. The option positions are structured in a way that aims to provide long exposure to US large-cap stocks, up to a cap, while fully hedging downside risk over one year. The upside cap and hedge are reset annually, at the beginning of February. Shareholders should note that they will not receive dividends since the objective focuses on potential growth. The specific defined outcome pursued may only be possible if an investor would hold the shares for the entire outcome period. However, there is no guarantee that the defined outcome strategy pursued will be realized by investors. When factoring risks, potential rewards, and the all-in costs for such a strategy, ZFEB is considered an alternative to more expensive fixed indexed annuities, market-linked CDs, holding near-term Treasury, or cash.
- What is the expense ratio of ZFEB?
- Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr February (ZFEB) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is ZFEB?
- Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr February (ZFEB) manages $145.7M 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 ZFEB actively managed or an index fund?
- ZFEB's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was ZFEB launched?
- Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr February (ZFEB) launched in February 2025 and is managed by Innovator.
- How has ZFEB performed?
- ZFEB'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.
