BUFB - Innovator Laddered Allocation Buffer ETF
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Laddered Allocation Buffer ETF™
 BUFB
ETF SUMMARY
The Innovator Laddered Allocation Buffer ETF™ seeks to provide exposure to the investment results of the MerQube US Large Cap Equity Buffer Laddered Index. The Index is comprised of an equal-weight allocation to each of the 12 Innovator U.S. Equity Buffer ETFs™ which provide the upside of U.S. equities, subject to caps, while buffering against the first 9% of U.S. equity losses.
GROWTH OF $10,000
Data from 2/8/2022 to 12/8/2023
ETF PERFORMANCE & BENCHMARK HISTORY (%) Quarterly | Monthly
  YTD 1 Year 3 Year 5 Year Inception
ETF NAV 16.46% 12.11% - - 4.24%
ETF Closing Price 16.42% 12.06% - - 4.21%
MerQube US Large Cap Equity Buffer Laddered Index 16.58% 12.23% - - 4.35%
S&P 500 Index 20.80% 13.84% - - 2.28%
Data as of 11/30/2023. The Fund incepted on 2/8/2022. Performance quoted represents past performance, which is no guarantee of future results. Investment returns and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Returns less than one year are cumulative. One cannot invest directly in an index.
BUFB EXPLAINED
Below is a chart of BUFB's twelve Innovator U.S. Equity Buffer ETF™ holdings and their respective starting caps. It highlights the performance of each holding in relation to the outcome period cap, buffer, and reference asset. The purpose of the chart is to demonstrate how much upside potential or downside buffer is remaining in each position within BUFB.
As of 12/8/2023
ETF DETAILS
Ticker
BUFB
Listing Date
2/9/2022
Index
MerQube US Large Cap Equity Buffer Laddered Index (MQUS9BLF)
Number of Holdings
12
Management Fee
0.20%
Acquired Fund Fees¹
0.79%
Total Expense Ratio
0.99%
Net Expense Ratio
0.89%
Rebalance Frequency
Semi-Annual
Exchange
Cboe BZX
The net expense ratio shown represents a 0.10% contractual fee waiver in effect through June 30, 2024.
TRADING DETAILS
NAV
$27.00
Closing Price
$27.05
Premium/Discount
$0.05 / 0.17%
30 Day Median Bid-Ask Spread
0.34%
Shares Outstanding
2,450,000
Market Value
$66,160,171
As of 12/8/2023
MARKET DETAILS
Last Price
$27.05
Change
+$0.08 / +0.30%
Bid / Ask
$24.36 / $43.00
Midpoint
$33.68
Volume
44,100
As of 12/8/2023
Need Help Trading BUFB?
See our 3 Rules for ETF Trading
ETF STRATEGY
BEGIN WITH 12 MONTHLY INNOVATOR BUFFER ETFS™, EQUALLY WEIGHTED
REBALANCED SEMI-ANNUALLY AND EQUALLY WEIGHTED
EACH MONTH, ONE OF THE ETFs REBALANCES INTO A NEW OUTCOME PERIOD
TOP 10 HOLDINGS As of 12/11/2023
TickerETFSectorWeight
BJANInnovator U.S. Equity Buffer ETF™ - JanuaryU.S. Equity8.41%
BDECInnovator U.S. Equity Buffer ETF™ - DecemberU.S. Equity8.38%
BFEBInnovator U.S. Equity Buffer ETF™ - FebruaryU.S. Equity8.37%
BMARInnovator U.S. Equity Buffer ETF™ - MarchU.S. Equity8.35%
BAPRInnovator U.S. Equity Buffer ETF™ - AprilU.S. Equity8.35%
BSEPInnovator U.S. Equity Buffer ETF™ - SeptemberU.S. Equity8.33%
BMAYInnovator U.S. Equity Buffer ETF™ - MayU.S. Equity8.33%
BJUNInnovator U.S. Equity Buffer ETF™ - JuneU.S. Equity8.33%
BJULInnovator U.S. Equity Buffer ETF™ - JulyU.S. Equity8.32%
BOCTInnovator U.S. Equity Buffer ETF™ - OctoberU.S. Equity8.32%
» View All Holdings
Holdings are subject to change.
DISTRIBUTIONS
Ex-Dividend Date Record Date Payable Date Income Short Term Gains Long Term Gains Return of Capital Total Distribution
This fund has not made any distributions.
NEED HELP TRADING BUFB?
If you have questions around BUFB execution, we can help you find the best price available on the market. Feel free to email or call us directly at 800.208.5212, or contact your trade desk to walk you through how to achieve best execution.
3 RULES FOR ETF TRADING
• Avoid trading on the open or the close
• Use limit orders
• Leverage resources that can help
 
Leading the Defined Outcome ETF Revolution™
¹As of 2/9/2022
Investing involves risks, and loss of principal is possible. The Fund may have characteristics unlike many other traditional investment products and may not be suitable for all investors. For more information regarding whether an investment in the Fund is right for you, please see "Investor Suitability" in the prospectus.The Fund, in accordance with the MerQube U.S. Large Cap Equity Buffer Laddered Index, will be continuously invested in a laddered portfolio of the twelve Underlying ETFs. The index is rebalanced semi-annually such that each Underlying ETF will constitute 1/12 of the Index portfolio before fees and expenses. Each Underlying ETF seeks to match the performance of the SPDR S&P 500 ETF Trust (SPY), up to a specified cap, while buffering against a 15% loss over the course of an approximately one-year time period that begins on the first trading day of the month indicated in the Underlying ETF's name when the fund enters into its FLEX Option positions and ends on the market's closure on the last trading day of the month immediately preceding the month indicated its name when those FLEX Options expire. There is no guarantee that the defined outcome strategy of an Underlying ETF in any given Outcome Period will be achieved.Fund-of-Funds Risk. As the Fund invests in Underlying ETFs, the Fund also has exposure to additional risks as well, which includes numerous market trading risks, active market risk, authorized participant concentration risk, buffered loss risk, cap change risk, cap upside return risk, correlation risk, liquidity risk, management risk, market maker risk, market risk, non-diversification risk, operation risk, options risk, trading issues risk, upside participation risk and valuation risk. For a detailed list of risks to the Fund, see the prospectus. As each Underlying ETF may be invested in FLexible EXchange® Options ("FLEX Options") that reference the SPDR S&P 500 ETF Trust, FLEX Options may be less liquid than standard options. In a less liquid market for the FLEX Options, the Fund may have difficulty closing out certain FLEX Options positions at desired times and prices.The Fund is a "fund-of-funds" and does not itself pursue a defined outcome strategy, nor does it seek to provide a buffer against reference asset losses. Depending upon prevailing market conditions, an investor purchasing Shares of the Fund may experience investment returns that underperform the investment returns provided by the Underlying ETFs themselves because one or more Underlying ETFs may have exhausted the buffer that it seeks to provide or have little upside available due to the reference asset return being close to or exceeding to its Cap. Additionally, as a shareholder in other ETFs, the Fund bears its proportionate share of each ETF's expenses, subjecting Fund shareholders to duplicative expenses.The Index seeks to provide "laddered" investing in the Underlying ETFs. Laddered investing refers to investments in several similar securities that have different maturities or reset dates, with the goal of mitigating timing risks associated with investing in a single investment. The laddered approach of the Index is designed to help an investor offset some of the timing risks inherent in the purchase of shares of a single Underlying ETF.Innovator Capital Management, LLC maintains a webpage for the Fund and each Underlying ETF that provides current information relating to the Underlying ETF's sought-after outcomes. Prospective investors are encouraged to visit one or more of these webpages and read the prospectus and statement of additional information of the Underlying ETFs before investing in an either an Underlying ETF or the Fund.
Shares are bought and sold at market price, not net asset value (NAV), and are not individually redeemable from the fund. NAV represents the value of each share's portion of the fund's underlying assets and cash at the end of the trading day. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where fund shares are listed.
© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
Nothing on this website should be considered a solicitation to buy or an offer to sell shares of any Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
Investing involves risk. Principal loss is possible. All rights reserved. Innovator ETFs are distributed by Foreside Fund Services, LLC.
The Fund's investment objectives, risks, charges and expenses should be considered carefully before investing. The prospectus and summary prospectus contain this and other important information, and it may be obtained at innovatoretfs.com. Read it carefully before investing.
Innovator ETFs®, Defined Outcome ETF™, Buffer ETF™, Accelerated ETFs®, Accelerated Plus ETFs®, and Leading the Defined Outcome ETF Revolution™ and other service marks and trademarks related to these marks are the exclusive property of Innovator Capital Management, LLC.
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