Key stats
About Innovator U.S. Equity Power Buffer ETF - August
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Inception date
Aug 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
PAUG uses FLEX options in an effort to moderate losses on the SPDR S&P 500 ETF over a one-year period starting each August. 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 the first 15% 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 & Warrants99.77%
Cash0.23%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PAUG last dividends amounted to 0.12 USD. The year before, the issuer paid 0.22 USD in dividends, which shows a 91.93% decrease.
PAUG assets under management is 768.64 M USD. It's fallen 1.31% over the last month.
PAUG fund flows account for 24.01 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.
PAUG shares are issued by Innovator Capital Management LLC under the brand Innovator. The ETF was launched on Aug 1, 2019, and its management style is Active.
PAUG expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
PAUG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PAUG invests in cash.
PAUG price has risen by 2.98% over the last month, and its yearly performance shows a 11.11% increase. See more dynamics on PAUG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.49% over the last month, showed a 10.73% increase in three-month performance and has increased by 11.17% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.49% over the last month, showed a 10.73% increase in three-month performance and has increased by 11.17% in a year.
PAUG trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.