Key stats
About Innovator U.S. Equity Buffer ETF - December
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Inception date
Dec 1, 2019
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Innovator Capital Management LLC
Distributor
Foreside Fund Services LLC
BDEC uses FLEX options in an effort to moderate losses on the SPDR S&P 500 ETF over a one-year period starting each December. The fund foregoes some upside return as well as the ETF's dividend component, because the options are written on the price (not total) return version of the shares. In exchange for preventing realization of a certain percentage of losses on the shares, investors forego upside some participation. The partial downside hedge and upside cap are reset annually. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held the entire outcome period in attempt to achieve the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed, using FLEX options and collateral exclusively.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants99.71%
Cash0.29%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BDEC assets under management is 336.78 M USD. It's risen 76.25% over the last month.
BDEC fund flows account for 196.84 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, BDEC doesn't pay dividends to its holders.
BDEC shares are issued by Innovator Capital Management LLC under the brand Innovator. The ETF was launched on Dec 1, 2019, and its management style is Active.
BDEC expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
BDEC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BDEC invests in cash.
BDEC price has risen by 4.20% over the last month, and its yearly performance shows a 6.42% increase. See more dynamics on BDEC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.52% over the last month, showed a −0.12% decrease in three-month performance and has increased by 5.53% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.52% over the last month, showed a −0.12% decrease in three-month performance and has increased by 5.53% in a year.
BDEC trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.