USEP
Innovator U.S. Equity Ultra Buffer ETF - September·CBOE
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Key Stats
Assets Under Management
215.81MUSD
Fund Flows (1Y)
-37.27MUSD
Dividend Yield
--
Discount/Premium to NAV
-0.01%
Shares Outstanding
5.50M
Expense Ratio
0.79%
About Innovator U.S. Equity Ultra Buffer ETF - September
Issuer
Innovator
Brand
Innovator
Inception Date
Aug 30, 2019
Structure
Open-Ended Fund
Index Tracked
SPDR S&P 500 ETF Trust
Management Style
Passive
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Innovator Capital Management LLC
Distributor
Foreside Fund Services LLC
USEP uses options in an effort to moderate losses on the S&P 500 over a one-year period starting each September. The fund foregoes some upside return as well as the S&P 500s dividend component, because the options are written on the price (not total) return version of the index. In exchange for buffering losses between -5% and -30% of the S&P 500, investors forego upside participation above a certain threshold, which is 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 to the end of the period to achieve the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed, resets annually and uses FLEX options exclusively.
Classification
Asset Class
Equity
Category
Size and Style
Focus
Large Cap
Niche
Broad-based
Strategy
Buy-write
Geography
U.S.
Weighting Scheme
Fixed
Selection Criteria
Fixed
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.18% | +1.70% | +0.51% | +10.44% | +44.35% | +45.96% |
NAV Total Return | +0.05% | +1.44% | +0.28% | +10.18% | +44.29% | +44.91% |
Ratings
No data is currently available
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Holdings Analysis
Sector
Technology
33.58%
Financial Services
12.73%
Communication Services
11.16%
Consumer Cyclical
10.60%
Healthcare
9.43%
Industrials
8.18%
Consumer Defensive
5.18%
Energy
3.22%
Utilities
2.25%
Technology
33.58%
Financial Services
12.73%
Communication Services
11.16%
Consumer Cyclical
10.60%
Healthcare
9.43%
Industrials
8.18%
Consumer Defensive
5.18%
Energy
3.22%
Utilities
2.25%
Show more
Asset
Region
99.48%
0.41%
0.12%
Category
Ratio
North America
99.48%
Europe
0.41%
Asia
0.12%
Investment Style
Mega
Large
Medium
Multi
Small
Value
Blend
Growth
Large-Cap Blend
Invests in large-cap companies with both growth and value characteristics. These ETFs offer diversified exposure to stable, well-established companies.
Top 10 Holdings
Symbol
Ratio
SPY 08/31/2026 6.44 C
101.89%
SPY 08/31/2026 612.8 P
2.00%
US BANK MMDA - USBGFS 9 09/01/2037
0.33%
Cash & Other
-0.08%
SPY 08/31/2026 419.28 P
-0.35%
SPY 08/31/2026 717.17 C
-3.79%
Top 10 Weight 100%
6 Total Holdings
Is SPY better than USEP?
Dividends
No data is currently available
How Much Does USEP Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy USEP?
Fund Flows
