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IOCT

GradeCNew York Stock Exchange Arca

Innovator Intl Developed Power Buffer ETF

Buffered · Innovator · Inception 2021-10-01 · SEC filings

$37.94−0.39 (−1.03%)

As of Sep 23, 2026, 3:05 PM EDT

History starts Oct 1, 2021.
Intraday session: down, 67 prints from 38.33 to 37.94. Range 37.84 to 38.10. Use the arrow keys to read each point.$37.90$38.00$38.1010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$171M
1Y return
+12.5%
Yield · Last 12 months
—
Holdings
6
Volume · 30D
0M sh
NAV per share
$37.92
52W range
low $33.47high $38.37

The ETF.net IOCT Grade

C

53/ 100

Rank 4 of 26 in Developed International Buffer 15%⁠

Confidence Medium

Six-pillar profile for IOCT. Scores out of 100: Cost 38, Risk 55, Mission not scored, Tradability 74, Holdings not scored, Durability 83. Strongest: Durability (83). Weakest: Cost (38). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 53 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 rank21/26 · bottom quartile

  • 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.
    BScore 55
    Category rank7/23 · top 30%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 74
    Category rank3/26 · top 12%

  • 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.
    AScore 83
    Category rank5/26 · top 19%

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

Our read on IOCT

ETF.net Research

CPadding for the non-US sleeve. IOCT tracks the iShares MSCI EAFE ETF, absorbs the first 15% of losses over each 12-month outcome period, and gives up gains above a cap in exchange. The clock resets every October 1.

Stated mandate

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

Why people hold it

  1. 01The deal is written into the fund's own terms: the first 15 percentage points of the reference ETF's losses are absorbed over the outcome period, with upside capped at a level set at each reset.innovatoretfs.com
  2. 02The reference asset is the iShares MSCI EAFE ETF, so the buffer sits on developed international stocks rather than the S&P 500 that most defined-outcome funds target.innovatoretfs.com
  3. 03Part of a monthly series (IJUL, IMAY, IMAR, IAPR and more) running the same 15% structure on staggered start months, so entry points are not limited to one date a year.
  4. 04Priced at 0.85%, the same as the median international buffer fund, and it grades in the upper half of a 17-fund peer group.

Worth knowing

  1. 01The 15% buffer and the cap are designed to work over a full outcome period. Buy partway through and you inherit whatever buffer and upside are left, not the headline terms.innovatoretfs.com
  2. 02Volume is light compared with mainstream international funds, which can mean wider spreads on the way in and out.
  3. 03This is an options package, not an income vehicle: it has not paid distributions over the past year, so any result shows up in the share price.

IOCT Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
6
Top-10 weight
101%
Largest holding
4EFA US 09/30/26 C0.93 FLX100.6%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—4EFA US 09/30/26 C0.93 FLX100.60%16,448$173M1
002—US BANK MMDA - USBGFS 9 09/01/20370.21%367,830$368K161
003—4EFA US 09/30/26 P93.37 FLX0.11%16,448$196K1

Showing 1–3 of 3 holdings

IOCT Performance

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

IOCT$11,246
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. IOCT $11,246. 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 IOCT. Periods over one year show the average yearly return.
PeriodIOCT
Year to date+9.9%
1 month+0.7%
3 months+3.5%
1 year+12.5%
3 years+13.2%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 IOCT
YearReturn barIOCT
2026 YTD+9.9%
2025+19.0%
2024+4.9%
2023+17.5%
2022−6.3%
2021+1.0%

Since listing, Oct 1, 2021

IOCT in the news

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

IOCT Dividends

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

No distributions in the last 12 months.

IOCT Risk

How much the fund’s monthly returns vary, scaled to a year.
6.8%
Annualised · 36 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.
1.17
vs 3-month T-bills · 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.
−16.9%
59 months · trough Oct 2022
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.
0.35
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.

IOCT 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.

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