EBUFInnovator Emerging Markets 10 Buffer ETF - Quarterly
Seeks capital appreciation with downside protection against the first 10% of losses of the Underlying ETF, up to a cap of 7.99%.
By Innovator ETFs · Launched 2024
0.89%
#4,672 of 5,861 · expensive
$33M
#4,081 of 5,861 · small
+13.4%
2 years
#3,568 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeRegion
Emerging marketsStrategy
Structured outcome
Index tracked
MSCI Emerging Markets Index
What it actually holds
By weightConcentration
Top 5 holdings = 100.1% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks capital appreciation with downside protection against the first 10% of losses of the Underlying ETF, up to a cap of 7.99%.
- Strategy
- Invests primarily in FLEX Options referencing the iShares MSCI Emerging Markets ETF to provide capital appreciation and a buffer against the first 10% of losses. The Fund targets an upside cap of 7.99% over the Outcome Period, which runs from April 1, 2026 through June 30, 2026.
- Inception date
- June 28, 2024
- Fund family
- Innovator ETFs
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can build this cheaper yourself
Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.
Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04