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IFLR

GradeCNew York Stock Exchange Arca

Innovator International Developed Managed Floor ETF

Floor Protected · Innovator · Inception 2025-11-20

$53.10−0.61 (−1.14%)

As of Sep 23, 2026, 2:07 PM EDT

History starts Nov 20, 2025.History starts Nov 20, 2025.
Intraday session: down, 9 prints from 53.71 to 53.10. Range 53.09 to 53.71. Use the arrow keys to read each point.$53.20$53.40$53.6010 AM12 PM2 PM4 PM
Expense ratio
0.89%
Fund size
$101M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
342
Volume · 30D
0M sh
NAV per share
$53.01
52W range
low $48.22high $55.87

The ETF.net IFLR Grade

C

41/ 100

Rank 4 of 6 in Managed Floor⁠

Confidence Low

Six-pillar profile for IFLR. Scores out of 100: Cost 24, Risk 49, Mission not scored, Tradability 46, Holdings 72, Durability 55. Strongest: Holdings (72). Weakest: Cost (24). Based on 5 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.
    FScore 24
    Category rank4/6 · 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.
    CScore 49
    Category rank3/6 · top 50%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 46
    Category rank3/6 · top 50%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 72
    Category rank1/3 · top 33%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 55
    Category rank3/6 · top 50%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on IFLR

ETF.net Research

CInnovator's managed-floor engine, pointed overseas for the first time: a basket of developed-market stocks wrapped in a laddered put overlay that aims to hold annual losses near 8-12%.

Stated mandate

The Fund seeks capital appreciation from international developed equities while limiting potential maximum losses through an actively managed, laddered options overlay.

Why people hold it

  1. 01The first time Innovator has run its Managed Floor strategy outside US equities, with Parametric handling the options work.globenewswire.cominnovatoretfs.com
  2. 02Targets 70-80% participation in developed-market upside while aiming to limit annual losses to roughly 8-12%, before fees and expenses.globenewswire.com
  3. 03The options are laddered rather than locked to a single outcome period, so there is no start date to time. The floor rolls forward instead of resetting on a calendar.innovatoretfs.com
  4. 04Owns the stocks themselves, roughly 300 of them, sampled against the MSCI EAFE Index rather than stacked on top of other funds.

Worth knowing

  1. 010.89% a year, matching the median for floor funds. That fee buys the overlay and the active management, not the index exposure underneath it.
  2. 02Calls get sold to help pay for the puts, which is why participation is partial. A strong overseas rally is only partly yours.globenewswire.com
  3. 03Launched in late 2025 and thinly traded so far, so spreads can be wide and there is little live history to judge the floor across a full cycle.

IFLR Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
342
Top-10 weight
14%
Largest holding
ASML.AS2.9%

Sectors

  • Financials24.9%
  • Industrials17.1%
  • Technology12.7%
  • Health Care10.1%
  • Consumer Discr.7.5%
  • Cons. Staples6.7%
  • Materials6.6%
  • Communication4.7%
  • Energy4.3%
  • Utilities3.7%
  • Real Estate1.6%

Geography

  • Japan28.23%
  • United Kingdom13.78%
  • Switzerland9.20%
  • Germany8.67%
  • France8.27%
  • Australia6.98%
  • Netherlands5.46%
  • Spain3.67%
  • Other countries (15)15.74%

Developed 97% · Emerging 3% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 23.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ASML.ASASML Holding NV2.91%1,735$3M194
002HSBA.LHSBC Holdings PLC1.64%80,769$2M145
003ROP.SWRoche Holding AG1.46%3,325$1M196
004SHEL.LShell PLC1.35%29,260$1M159
005NOVN.SWNovartis AG1.31%9,348$1M183
006NESN.SWNestle SA1.19%12,844$1M162
007AZN.LAstraZeneca PLC1.18%7,114$1M164
008SIE.DESiemens AG1.14%3,691$1M152
009SAP.DESAP SE1.12%5,403$1M163
010ALV.DEAllianz SE1.09%2,154$1M158
011BHP.AXBHP Group Ltd1.07%24,947$1M151
0128306.TMitsubishi UFJ Financial Group Inc1.04%45,800$1M155
013SAN.MCBanco Santander SA1.02%70,661$1M134
0147203.TToyota Motor Corp0.98%51,700$993K136
015TTE.PATOTAL SE0.97%10,906$983K151

Showing 1–15 of 338 holdings

IFLR Performance

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

IFLR$10,744
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. IFLR $10,744. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 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 IFLR. Periods over one year show the average yearly return.
PeriodIFLR
Year to date+7.4%
1 month−1.8%
3 months+0.7%
1 yearFund is under 1 year old—
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 IFLR
YearReturn barIFLR
2026 YTD+7.4%
2025+4.2%

Since listing, Nov 20, 2025

IFLR in the news

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

IFLR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.35 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. 2 payments in 2026 YTD. Mar 31, 2026 $0.15; Jun 30, 2026 $0.35. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Jun 30, 2026Jul 1, 2026$0.35
Mar 31, 2026Apr 1, 2026$0.15

IFLR Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Nov 2025; 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 Nov 2025; 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 Nov 2025; 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.
0.42
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.

IFLR Cost

Expense ratio0.89%
  • The middle half of Managed Floor funds
  • Median 0.89%

2 of the 5 Managed Floor funds charge less.

IFLR costs $89.00 a year on $10,000. The median Managed Floor fund costs $89.00.