Innovator International Developed Managed 10 Buffer ETF
$50.01+0.08 (+0.16%)
- 0.85%
- $20M
- 0M sh
- $49.69
- low $47.95high $52.40
The ETF.net IBFR Grade
D
Score 39 out of 100
- 9 of 11
Score 39 of 100 falls in the D 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 100Rank 5 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C43 out of 100Rank 6 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D25 out of 100Rank 10 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 3 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C40 out of 100Rank 8 of 11
Our read on IBFR
DMost 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.
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 Holdings
- Other
- 316
- 15%
- ASML.AS
Geography
- Japan28.97%
- United Kingdom13.97%
- Switzerland9.14%
- Germany8.55%
- France7.89%
- Australia7.17%
- Netherlands6.27%
- Spain3.79%
- 14.24%
Developed 98% · Emerging 2%
IBFR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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IBFR$9,903
Returns run to the Oct 12, 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.
| Period | IBFR |
|---|---|
| Year to date | — |
| 1 month | −2.1% |
| 3 months | −1.0% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IBFR |
|---|---|---|
| 2026 YTD | −0.6% |
IBFR in the news
Week in Funds
ZOCT paid its cap, then reset at 9.43%
IBFR Dividends
- $0.06 per share
- Quarterly
Distribution data unavailable.
Distribution history
IBFR Risk
- —
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.
- —
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.
- —
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.
- 0.30
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IBFR Cost
0.85%
IBFR0.85%
- The middle half of Other Buffered funds
- Median 0.85%
2 of the 9 Other Buffered funds charge less.
Other funds in Other Buffered
- BRSJNFT Vest U.S. Equity Equal Weight Buffer ETF - JuneExpense ratio 0.85%1 year return +13.0%
- CRSSEFT Vest U.S. Equity Equal Weight Buffer ETF - SeptemberExpense ratio 0.85%1 year return +13.3%
- CRSMRFT Vest U.S. Equity Equal Weight Buffer ETF - MarchExpense ratio 0.85%1 year return +13.6%
- DBGLDFT Vest Gold Strategy Quarterly Buffer ETFExpense ratio 0.91%1 year return −2.6%
- FARKDARK DIET Q1 Buffer ETFExpense ratio 0.89%1 year return —