Key stats
About Innovator Defined Wealth Shield ETF
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Inception date
Jul 1, 2021
Structure
Open-Ended Fund
Replication method
Synthetic
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
BALT actively manages FLEX options in efforts to participate in the price return of the SPDR S&P 500 ETF Trust (SPY), up to a cap, and provide partial downside protection over a three-month outcome period. 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 preventing realization of the first 15-20% of the losses in value of SPY shares, investors forego upside participation above a certain threshold, which is reset quarterly. Investors who buy at any other time than the quarterly 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 outcome period to pursue the intended results. The targeted buffers and caps do not include the funds expense ratio.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants99.93%
Cash0.07%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BALT assets under management is 1.47 B USD. It's risen 2.20% over the last month.
BALT fund flows account for 779.52 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, BALT doesn't pay dividends to its holders.
BALT shares are issued by Innovator Capital Management LLC under the brand Innovator. The ETF was launched on Jul 1, 2021, and its management style is Active.
BALT expense ratio is 0.69% meaning you'd have to pay 0.69% of your investment to help manage the fund.
BALT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BALT invests in cash.
BALT price has risen by 0.57% over the last month, and its yearly performance shows a 7.21% increase. See more dynamics on BALT price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.74% over the last month, showed a 1.95% increase in three-month performance and has increased by 7.16% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.74% over the last month, showed a 1.95% increase in three-month performance and has increased by 7.16% in a year.
BALT trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.