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Launched · SEC filings

Innovator Index Autocallable Income Strategy ETF

ACIINYSE ArcaInnovatorC

$24.90−0.28 (−1.11%)

As of Nov 2, 2026, 3:59 PM ET

C42/ 100

Rank 16 of 24 in Other Index Option Income

C42/100Rank 16 of 24inOther Index Option Income
Intraday session: down, 79 prints from 25.18 to 24.90. Range 24.88 to 25.06. Use the arrow keys to read each point.24.9525.0025.0525.1010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$184M
1Y total return
+8.7%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
77.6K sh
52W range
low $24.35high $26.87
Launched
Filings
SEC EDGAR

The ETF.net ACII Grade

Based on 4 of 6 pillars

C

Score 42 out of 100

Category
Other Index Option Income⁠
Rank
16 of 24
Six-pillar profile for ACII. Scores out of 100: Cost 17, Risk 82, Mission not scored, Tradability 44, Holdings not scored, Durability 69. Strongest: Risk (82). Weakest: Cost (17). Based on 4 of 6 pillars.

Score 42 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F17 out of 100
    Rank 20 of 24

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A82 out of 100
    Rank 2 of 24

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C44 out of 100
    Rank 16 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B69 out of 100
    Rank 10 of 24

Our read on ACII

ETF.net Research

In short

CWall Street's autocallable note, unpacked into an ETF: a ladder of swaps tied to the S&P 500, Russell 2000 and Nasdaq-100, paying income while the indexes hold up, with losses tracking the worst one if a barrier breaks.

Stated mandate

The Fund is designed to generate substantial income while offering potential downside-loss mitigation.

Why people hold it

  • Autocallable payoffs normally arrive as bank-issued notes. Here the exposure sits inside a 1940 Act ETF that trades on an exchange any market day.
  • The swaps are laddered rather than struck all at once, so coupon and barrier terms get set at staggered dates instead of hinging on one entry point.
  • Built for cash flow: Innovator's product materials set a monthly distribution schedule, funded by the coupons the autocallable swaps generate.innovatoretfs.com
  • Actively managed against three of the most widely followed U.S. equity benchmarks, so the manager can reset references and terms as market conditions change.

Worth knowing

  • Worst-of math: the downside keys off the weakest of the three indexes, not the average. The swaps are OTC contracts, so bank counterparty exposure comes along.
  • 0.79% a year, versus 0.65% at REX's ATCL, the other autocallable-income ETF in this peer set.
  • Launched in 2025, so the track record is short. Payouts can vary period to period and the fund discloses that distributions may include return of capital.

ACII Holdings

Asset class
Other
Holdings
3
Top-10 weight
101%
Largest holding
United States Treasury Bill 12/01/2026100.2%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUnited States Treasury Bill 12/01/2026100.21%184,920,000$184M18
2No dataCash & Other0.36%664,716$665K609
3No dataUs Bank Mmda - Usbgfs 9 09/01/20370.10%191,751$192K163

Showing 1–3 of 3 holdings

ACII Performance

Launched Sep 25, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
ACII$10,871
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. ACII $10,871. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ACII. Periods over one year show the average yearly return.
PeriodACII
Year to date+6.1%
1 month0.0%
3 months+1.6%
1 year+8.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ACII
YearReturn barACII
2026 YTD+6.1%
2025+3.3%

Since listing, Sep 25, 2025

ACII in the news

ACII Dividends

Upcoming payment
$0.21 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 12 payments from 2025 to 2026 YTD. Nov 28, 2025 $0.19; Dec 31, 2025 $0.19; Jan 30, 2026 $0.19; Feb 27, 2026 $0.19; Mar 31, 2026 $0.19; Apr 30, 2026 $0.19; May 29, 2026 $0.19; Jun 30, 2026 $0.20; Jul 31, 2026 $0.20; Aug 31, 2026 $0.21; Sep 30, 2026 $0.21; Oct 30, 2026 $0.21. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 30, 2026Pays Nov 2, 2026$0.21
Sep 30, 2026Oct 2, 2026$0.21
Aug 31, 2026Sep 1, 2026$0.21
Jul 31, 2026Aug 3, 2026$0.20
Jun 30, 2026Jul 1, 2026$0.20
May 29, 2026Jun 1, 2026$0.19
Apr 30, 2026May 1, 2026$0.19
Mar 31, 2026No data$0.19
Feb 27, 2026No data$0.19
Jan 30, 2026No data$0.19
Dec 31, 2025Jan 2, 2026$0.19
Nov 28, 2025Dec 1, 2025$0.19

— Pay date not on file.

$10,000 in ACII 1 year ago paid $920 in dividends.

ACII Risk

Risk pillarA82 out of 100Rank 2 of 24 in Other Index Option Income
How much the fund’s monthly returns vary, scaled to a year.
3.7%
Annualised · 13 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.36
vs 3-month T-bills · 13 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−2.3%
13 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.23
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

ACII Cost

Compare ACII and EDGX

Overpaying vs EDGX, cheapest in Other Index Option Income

$15,174

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ACII 0.79%

    $15,174

  • EDGX 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • ACII 0.79%
  • EDGX 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ACII $15,174EDGX $0

Year by year

YearACIIEDGXOverpaying
10$1,405$0$1,405
20$5,331$0$5,331
30$15,174$0$15,174

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