Innovator Defined Wealth Shield ETF
Innovator ETFs Trust
Fund classification
Classified from what the fund holds · as of 2026 Q2
Innovator Defined Wealth Shield ETF is an actively managed U.S. alternative ETF.
- Asset class
- Alternative
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Features
- Defined outcome · Non-diversified
Fund profile
As filed in the prospectus · 2026 Q2
The Fund seeks capital appreciation with a measure of downside protection by providing investors with returns that match the return of the Underlying ETF, up to the upside cap of 2.60% (prior to taking into account management fees and other Fund operating expenses) while seeking to provide a buffer against the first 20% (prior to taking into account management fees and other Fund operating expenses) of Underlying ETF losses, over the period from April 1, 2026 through June 30, 2026.
The fund invests in FLEX Options referencing the State Street SPDR S&P 500 ETF Trust, and may also hold that ETF directly, to deliver capped upside and buffered downside over three-month outcome periods. For the April–June 2026 outcome period, the fund caps gains at 2.60% (2.42% net of fees) while seeking to buffer the first 20% of losses from the underlying ETF. Because FLEX Options values fluctuate daily based on time decay and underlying price moves, the fund's daily returns will not track the underlying ETF proportionally, and the stated cap and buffer are only guaranteed at the outcome period's end for shareholders holding throughout. The fund is non-diversified and concentrates in information technology through its S&P 500 exposure.
| Share class | Expense ratio |
|---|---|
| C000228657 | 0.69% |
Portfolio turnover 0.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Derivatives | 99.92% |
| Cash & short-term | 0.14% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
New and exited totals aren’t verifiable for this fund.
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | N/A | 108.45% | $2.62B | — |
| — | N/A | 0.60% | $14.43M | — |
| — | US BANK MMDA - USBGFS 9 | 0.14% | $3.36M | — |
Top 10 positions are 109.18% of net assets, top 25 109.18%, across 2 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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