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EOCTInnovator Emerging Markets Power Buffer ETF - October

Grow my money4y track recordRanked #2,008 of 2,960 in this goal

Seeks to provide investors with returns that match the return of the Underlying ETF, up to the upside cap of 15.20% while providing a buffer against the first 15% of Underlying ETF losses.

By Innovator ETFs · Launched 2021

Annual Cost

0.89%

#4,486 of 5,562 · expensive

Fund Size

$110M

#2,840 of 5,562 · mid-size

Return (1Y)Goal

+24.1%

Track Record

4 years

#2,501 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$12,446+24.5%

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

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

Emerging markets

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
103.8%
N/A
2.4%
US BANK MMDA - USBGFS 9
0.2%
N/A
-0.9%
N/A
-5.5%

Asset allocation

Stocks
99.6%
Cash
0.3%
Preferred
0.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
9.1%Low

Year-on-year price swings

Max drawdown
-20.4%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.86Decent risk-adjusted returns
Sortino (3Y)
1.24Good downside protection

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide investors with returns that match the return of the Underlying ETF, up to the upside cap of 15.20% while providing a buffer against the first 15% of Underlying ETF losses.
Strategy
Invests primarily in FLEX Options referencing the iShares MSCI Emerging Markets ETF and may also invest directly in the Underlying ETF. The Fund aims to replicate the performance of the Underlying ETF while providing a buffer against the first 15% of losses during the Outcome Period. The strategy is designed to produce returns capped at 15.20% before fees, with a net buffer of 14.11% after management fees. The Underlying ETF seeks to track the MSCI Emerging Markets Index, representing mid- and large-cap securities in emerging markets.
Inception date
September 30, 2021
Fund family
Innovator ETFs

Our take

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

Buffer
Warning

Buffer ETF — downside protection at a cost

Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.

Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)

Why we flagged this: strategy=structured_outcome + structured_outcome_strategy

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 2026-06-19