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Launched · SEC filings

Innovator International Developed Managed 10 Buffer ETF

IBFRNYSE ArcaInnovatorC

$50.000.00 (0.00%)

As of Nov 10, 2026, 9:46 AM ET

C42/ 100

Rank 8 of 11 in Other Buffered

C42/100Rank 8 of 11inOther Buffered
Intraday session: flat, 1 prints from 50.00 to 50.00. Range 50.00 to 50.00. Use the arrow keys to read each point.49.5050.5051.0010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$20M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
316
Avg volume · 30D
1.44K sh
52W range
low $47.95high $52.40
Launched
Filings
SEC EDGAR

The ETF.net IBFR Grade

Based on 5 of 6 pillars

C

Score 42 out of 100

Category
Other Buffered⁠
Rank
8 of 11
Six-pillar profile for IBFR. Scores out of 100: Cost 39, Risk 41, Mission not scored, Tradability 34, Holdings 70, Durability 40. Strongest: Holdings (70). Weakest: Tradability (34). Based on 5 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.
    D39 out of 100
    Rank 5 of 11

  • 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.
    C41 out of 100
    Rank 6 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D34 out of 100
    Rank 9 of 11

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A70 out of 100
    Rank 2 of 7

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C40 out of 100
    Rank 8 of 11

Our read on IBFR

ETF.net Research

In short

CMost buffer funds pay for downside protection with a ceiling on gains. Innovator's Managed 10 flips the deal: a roughly 10% loss buffer on developed-market stocks outside the US and Canada, with the upside left uncapped.

Stated mandate

The Fund seeks capital appreciation from uncapped participation in large- and mid-cap developed-market equities outside the United States and Canada, while limiting losses through its hedging strategy.

Why people hold it

  • Uncapped by design: the mandate seeks full participation in large- and mid-cap developed-market stocks outside the US and Canada, with hedges there to limit losses.
  • Points the buffer overseas instead of at US equities, tracking the MSCI EAFE opportunity set across roughly 300 large- and mid-cap names.
  • Actively managed buffer, so the hedge is a manager decision rather than a static calendar formula.
  • 0.85% expense ratio, right in the range buffer strategies typically charge, including Innovator's international buffer sibling IBUF.

Worth knowing

  • Launched in 2026, so there is no long record showing how the hedge behaves across different markets.
  • Small asset base and light trading so far, which can mean wider spreads than the category's heavyweights.
  • A buffer limits losses, it does not remove them, and the cost of running the hedge comes out of returns. Payouts land once or twice a year, not monthly.

IBFR Performance

Launched Feb 24, 2026

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.Not enough history yet.Not enough history yet.
IBFR$9,760
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,758
Aug 7, 2026 to Nov 9, 2026. IBFR $9,760. SPY $9,758. Use the arrow keys to read each point.$9,600$9,800$10,000Aug 2026Sep 2026Nov 2026

Aug 7, 2026 – Nov 9, 2026

Returns run to the Nov 9, 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 IBFR. Periods over one year show the average yearly return.
PeriodIBFR
Year to dateFund launched this yearNo data
1 month0.0%
3 months−2.4%
1 yearFund is under 1 year oldNo data
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 IBFR
YearReturn barIBFR
2026 YTD−0.3%

Since listing, Feb 24, 2026

IBFR in the news

IBFR Dividends

Last payment
$0.06 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Mar 31, 2026 $0.12; Jun 30, 2026 $0.28; Sep 30, 2026 $0.06. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 30, 2026Oct 2, 2026$0.06
Jun 30, 2026Jul 1, 2026$0.28
Mar 31, 2026Apr 1, 2026$0.12

IBFR Risk

Risk pillarC41 out of 100Rank 6 of 11 in Other Buffered
How much the fund’s monthly returns vary, scaled to a year.
Launched Feb 2026; fills in after 12 months
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.
Launched Feb 2026; fills in after 12 months
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.
Launched Feb 2026; fills in after 12 months
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.
0.29
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.

IBFR Cost

Compare IBFR and KBFR

Overpaying vs KBFR, tied cheapest in Other Buffered

$1,025

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

  • IBFR 0.85%

    $16,199

  • KBFR 0.79% Tied cheapest

    $15,174

$10,000
30 years

Cost over time

  • IBFR 0.85%
  • KBFR 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530IBFR $16,199KBFR $15,174

Year by year

YearIBFRKBFROverpaying
10$1,508$1,405$103
20$5,706$5,331$375
30$16,199$15,174$1,025

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