ETF overview
BFEB uses FLEX options in an effort to moderate losses on the SPDR S&P 500 ETF over a one-year period starting each February. 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.
Fund facts
- Expense ratio
- 0.79%
- Fund assets
- 206.34M USD (all share classes)
- Issuer
- Innovator
- Inception date
- Feb 3, 2020
- Number of holdings
- 5
Breakdown
Holdings (5)
| Name | Ticker | Weight |
|---|---|---|
| SPY 01/29/2027 6.93 C | 100.31% | |
| SPY 01/29/2027 691.98 P | 1.04% | |
| US BANK MMDA - USBGFS 9 09/01/2037 | 0.24% | |
| SPY 01/29/2027 629.71 P | -0.54% | |
| SPY 01/29/2027 806.91 C | -1.02% |
Similar ETFs
- Innovator U.S. Equity Ultra Buffer ETF - FebruaryUFEB · Expense ratio 0.79%
- Innovator U.S. Equity Power Buffer ETF - FebruaryPFEB · Expense ratio 0.79%
Historical returns do not guarantee future returns. This is not investment advice.

Innovator U.S. Equity Buffer ETF - February (BFEB)
- Expense ratio
- 0.79%
- Fund assets
- 206.34M USD (all share classes)
- Issuer
- Innovator
- Inception date
- Feb 3, 2020
- Number of holdings
- 5
| Name | Ticker | Weight |
|---|---|---|
| SPY 01/29/2027 6.93 C | 100.31% | |
| SPY 01/29/2027 691.98 P | 1.04% | |
| US BANK MMDA - USBGFS 9 09/01/2037 | 0.24% | |
| SPY 01/29/2027 629.71 P | -0.54% | |
| SPY 01/29/2027 806.91 C | -1.02% |
BFEB uses FLEX options in an effort to moderate losses on the SPDR S&P 500 ETF over a one-year period starting each February. 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.
- Innovator U.S. Equity Ultra Buffer ETF - FebruaryUFEB · Expense ratio 0.79%
- Innovator U.S. Equity Power Buffer ETF - FebruaryPFEB · Expense ratio 0.79%
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