Innovator ETFs: Defined Outcome ETF Caps & Distribution Rates
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CAPS & DISTRIBUTION RATES
ETFs Rebalanced & Listed February 2025
View Starting Rates
ETFs Rebalanced & Listed February 2025
Bitcoin ETFs
Ticker   Name Ref. Asset Protection Outcome Period   Participation Range
QBF Listed 2/6! Uncapped Bitcoin 20 Floor ETF® Bitcoin 20% Floor 3 months†   80%²
 
100% Buffer ETFs™
Ticker   Name Ref. Asset Protection Outcome Period Starting Cap
ZFEB Listed 2/3! Equity Defined Protection ETF SPY 100% Buffer¹ 1 Year 7.64%
 
Buffer ETFs™
Ticker   Name Ref. Asset Protection Outcome Period Starting Cap
KFEB Listed 2/3! U.S. Small Cap Power Buffer ETF IWM 15% Buffer 1 Year 17.59%
NFEB Listed 2/3! Growth-100 Power Buffer ETF QQQ 15% Buffer 1 Year 14.79%
BFEB   U.S. Equity Buffer ETF SPY 9% Buffer 1 Year 15.19%
PFEB   U.S. Equity Power Buffer ETF SPY 15% Buffer 1 Year 11.80%
UFEB   U.S. Equity Ultra Buffer ETF SPY 30% (-5 to -35%) Buffer 1 Year 11.71%
IFEB   Intl Developed Power Buffer ETF EFA 15% Buffer 1 Year 16.97%
† QBF's initial outcome period will be less than three months: 2/5/2025 - 3/31/2025. Subsequent outcome periods will be three months.
1. Before fees and expenses.
2. The estimated cap and participation range is shown gross of the fund's management fee.
100% Buffer ETFs: seek to track the return of SPY, to a cap, with a 100% downside buffer over the outcome period, before fees and expenses.

Buffer ETFs™: Seek to provide investors with equity market appreciation, up to a cap, and downside buffer levels, over a 3-month or 1-year outcome period.

Premium Income Buffer ETFs™: Seek to provide shareholders that hold shares for the entire outcome period with a buffer against the first 9% or 15% of Underlying ETF losses during the outcome period. The Fund's shareholders will bear all Underlying ETF losses exceeding the buffer on a one-to-one basis. There is no guarantee that the Fund will be successful in its attempt to implement the Buffer.

Premium Income Barrier ETFs™: Seek to provide investment performance for each Outcome Period that is equal to the Defined Distribution Rate, subject to the losses experienced by the S&P 500 Price Return Index, if such losses exceed the Barrier at the end of the Outcome Period.

Accelerated ETFs®: Seek to offer approximately 2 or 3 times the upside return of SPY or QQQ, to a cap, with approximately single exposure to the downside, over a 3-month or 1-year outcome period.

Reference Asset is the market in which the ETF pursues its defined investment outcome. Protection is the amount and type of downside risk management the fund seeks to provide. Outcome Period is to the time period the fund seeks to achieve its stated cap and buffer. Cap is the maximum potential return if held to the end of the current Outcome Period.
Upside/downside refers to the fund's upside and downside participation levels, to a cap, of the reference asset.
There is no guarantee the funds will achieve their investment objectives. The funds have characteristics unlike other traditional investment products and may not be suitable for all investors. Please see "investor suitability" in the prospectus. Shares purchased after the start of an outcome period may be subject to enhanced risks.
SPX: S&P 500 Price Return Index; SPY: SPDR® S&P 500® ETF Trust; QQQ: Invesco QQQ Trust; IWM: iShares Russell 2000 ETF; EFA: iShares MSCI EAFE ETF; EEM: iShares MSCI Emerging Markets ETF; TLT: iShares 20+ Year U.S. Treasury ETF