Innovator Premium Income 15 Buffer ETF
$23.89−0.02 (−0.07%)
- 0.79%
- $11M
- +6.2%
- 5.16%
- 0M sh
- $23.91
- low $23.48high $24.05
The ETF.net LOCT Grade
C
Score 49 out of 100
- 18 of 61
Score 49 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.D35 out of 100Rank 34 of 61Mission
Whether the fund did what it promised, tested against its stated mandate.D34 out of 100Rank 5 of 5Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A72 out of 100Rank 6 of 57Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B57 out of 100Rank 25 of 59Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C53 out of 100Rank 31 of 61
Our read on LOCT
CMost buffer funds trade your upside for a capped shot at growth. LOCT trades it for income: a defined distribution rate paid monthly, with the first 15% of SPY's losses absorbed over each 12-month outcome period.
The Fund seeks performance equal to its Defined Distribution Rate for each Outcome Period while protecting against the first 15% of SPY losses during each 12-month Outcome Period.
Why people hold it
- Income-first design. The fund seeks performance equal to its stated Defined Distribution Rate for each outcome period, and it pays monthly rather than hoarding returns for the reset.
- The first 15% of SPY losses in each 12-month outcome period is absorbed by the structure, and the terms reset every October like clockwork.
- The 0.79% fee sits right at the median for its buffer peer group and matches Innovator's Power Buffer siblings (POCT, PJUL) for the same wrapper work.
- Built as a 1940 Act fund, not a bank-issued note, so the defined outcome doesn't ride on a single issuer's balance sheet.
Worth knowing
- Upside is defined, not open-ended. The target is the distribution rate, so a roaring year in SPY doesn't flow through as extra return.
- Small asset base and thin trading. Limit orders and a glance at the spread matter more here than with a mainstream index fund.
- The buffer is measured from the start of the October outcome period. Buy mid-period and you inherit whatever protection is left, not a fresh 15%.
LOCT Holdings
- Other
- 13
- 101%
- United States Treasury Bill 09/30/2027
LOCT Performance
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.
LOCT$10,619
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 | LOCT |
|---|---|
| Year to date | +4.1% |
| 1 month | +0.6% |
| 3 months | +1.2% |
| 1 year | +6.2% |
| 3 years | +5.8% |
| 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 | LOCT |
|---|---|---|
| 2026 YTD | +4.1% | |
| 2025 | +5.5% | |
| 2024 | +5.2% | |
| 2023 | +2.9% |
LOCT in the news
LOCT Dividends
- 5.16%
- $1.23
- $0.10 per share
- Monthly
Distribution history
LOCT Risk
- 1.7%
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.
- 0.78
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.
- −4.7%
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.
- 0.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
LOCT Cost
0.79%
LOCT0.79%
- The middle half of S&P 500 Buffer 15% funds
- Median 0.79%
23 of the 51 S&P 500 Buffer 15% funds charge less.
Other funds in S&P 500 Buffer 15%
- CPMAYInnovator U.S. Equity Power Buffer ETF - MayExpense ratio 0.79%1 year return +10.3%
- CPJANInnovator U.S. Equity Power Buffer ETFExpense ratio 0.79%1 year return +12.7%
- CPAUGInnovator U.S. Equity Power Buffer ETF - AugustExpense ratio 0.79%1 year return +12.1%
- CPJULInnovator U.S. Equity Power Buffer ETFExpense ratio 0.79%1 year return +11.1%
- CPMARInnovator U.S. Equity Power Buffer ETF - MarchExpense ratio 0.79%1 year return +13.1%