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EBUFInnovator Emerging Markets 10 Buffer ETF - Quarterly

Grow my money2y track recordRanked #2,547 of 2,998 in this goal

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

Annual Cost

0.89%

#4,672 of 5,861 · expensive

Fund Size

$33M

#4,081 of 5,861 · small

Return (1Y)Goal

+13.4%

Track Record

2 years

#3,568 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,349+13.5%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Structured outcome

Index tracked

MSCI Emerging Markets Index

What it actually holds

By weight

Concentration

Top 5 holdings = 100.1% of fundconcentrated

N/A
106.1%
N/A
1.1%
US BANK MMDA - USBGFS 9
0.1%
N/A
-0.4%
N/A
-6.9%

Asset allocation

Stocks
99.8%
Cash
0.2%
Preferred
0.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
7.5%Low

Year-on-year price swings

Max drawdown
-6.5%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

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

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

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