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IFEB

GradeCNew York Stock Exchange Arca

Innovator Intl Developed Power Buffer ETF

Buffered · Innovator · Inception 2024-02-01 · SEC filings

$31.68−0.29 (−0.90%)

As of Sep 23, 2026, 2:05 PM EDT

History starts Feb 1, 2024.
Intraday session: down, 40 prints from 31.97 to 31.68. Range 31.60 to 31.78. Use the arrow keys to read each point.$31.60$31.65$31.75$31.8010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$58M
1Y return
+9.0%
Yield · Last 12 months
—
Holdings
6
Volume · 30D
0M sh
NAV per share
$31.62
52W range
low $29.13high $33.48

The ETF.net IFEB Grade

C

41/ 100

Rank 16 of 26 in Developed International Buffer 15%⁠

Confidence Medium

Six-pillar profile for IFEB. Scores out of 100: Cost 38, Risk 38, Mission not scored, Tradability 44, Holdings not scored, Durability 64. Strongest: Durability (64). Weakest: Risk (38). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 41 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 38
    Category rank14/26 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 38
    Category rank20/23 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 44
    Category rank17/26 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 64
    Category rank11/26 · top 42%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on IFEB

ETF.net Research

CBuffer ETFs are mostly an S&P 500 game. IFEB points the same machinery overseas: FLEX options on developed-market stocks outside the US and Canada, absorbing the first 15% of a year's losses in exchange for a cap. Resets every February 1.

Stated mandate

The fund seeks to track the return of the iShares MSCI EAFE ETF, subject to a predetermined cap, while protecting against the first 15% of losses during the outcome period.

Why people hold it

  1. 01Most defined-outcome ETFs track US large caps. This one aims the same FLEX-options machinery at developed markets outside the US and Canada.sec.gov
  2. 02Fifteen points is the deep end of the buffer menu: the first 15% of the reference ETF's price decline over an outcome period is absorbed before losses reach shareholders.sec.gov
  3. 03Not a one-date bet. Innovator runs the same EAFE strategy on other reset months (IJAN, IMAR, IAPR), so an investor can pick a month or spread across several.
  4. 04The 0.85% fee sits right at the median for international buffer funds.

Worth knowing

  1. 01The cap is what pays for the buffer. A fresh one is set at the start of each February period, so the ceiling on upside is different every year.sec.gov
  2. 02The terms are built for a full Feb 1 to Jan 31 hold. Buy mid-period and the effective buffer and upside differ from the stated ones.sec.gov
  3. 03Price return only: the fund holds options on the EAFE ETF and does not receive its dividends. It also trades thinly and costs more than some rivals (BUFI, QBIF).sec.gov

IFEB Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
6
Top-10 weight
101%
Largest holding
EFA 01/29/2027 1.01 C99.4%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—EFA 01/29/2027 1.01 C99.45%5,534$58M1
002—EFA 01/29/2027 100.74 P1.66%5,534$965K1
003—US BANK MMDA - USBGFS 9 09/01/20370.25%146,112$146K161

Showing 1–3 of 3 holdings

IFEB Performance

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

IFEB$10,900
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. IFEB $10,900. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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 IFEB. Periods over one year show the average yearly return.
PeriodIFEB
Year to date+5.8%
1 month−0.5%
3 months+1.9%
1 year+9.0%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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 IFEB
YearReturn barIFEB
2026 YTD+5.8%
2025+19.4%
2024+0.5%

Since listing, Feb 1, 2024

IFEB in the news

ETF.net Research hasn’t filed on IFEB yet — coverage lands here as it’s written.

IFEB Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

IFEB Risk

How much the fund’s monthly returns vary, scaled to a year.
7.0%
Annualised · 30 months to Aug 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.
0.74
vs 3-month T-bills · 30 months to Aug 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.
−8.8%
31 months · trough Apr 2025
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.
0.31
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.

IFEB Cost

Expense ratio0.85%
  • The middle half of Developed International Buffer 15% funds
  • Median 0.85%

10 of the 26 Developed International Buffer 15% funds charge less.

IFEB costs $85.00 a year on $10,000. The median Developed International Buffer 15% fund costs $85.00.