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Launched · SEC filings

Innovator Nasdaq-100 Managed 10 Buffer ETF

NBFRNYSE ArcaD

$27.23−0.04 (−0.15%)

As of Oct 13, 2026, 3:49 PM

D33/ 100

Rank 12 of 12 in Nasdaq-100 Buffer 9-12%

D33/100Rank 12 of 12inNasdaq-100 Buffer 9-12%
Intraday session: down, 4 prints from 27.27 to 27.23. Range 27.18 to 27.27. Use the arrow keys to read each point.27.1827.2027.2227.2427.2610 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$20M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
49
Avg volume · 30D
0M sh
NAV per share
$27.23
52W range
low $23.77high $27.58
Launched
Filings
SEC EDGAR

The ETF.net NBFR Grade

Based on 5 of 6 pillars

D

Score 33 out of 100

Category
Nasdaq-100 Buffer 9-12%⁠
Rank
12 of 12
Six-pillar profile for NBFR. Scores out of 100: Cost 45, Risk 16, Mission not scored, Tradability 18, Holdings 58, Durability 14. Strongest: Holdings (58). Weakest: Durability (14). Based on 5 of 6 pillars.

Score 33 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.
    C45 out of 100
    Rank 6 of 12

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F16 out of 100
    Rank 12 of 12

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F18 out of 100
    Rank 12 of 12

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B58 out of 100
    Rank 2 of 6

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F14 out of 100
    Rank 12 of 12

Our read on NBFR

ETF.net Research

DInnovator's Nasdaq-100 buffer, minus the calendar. NBFR spreads its options across a laddered set of periods with a manager steering them, aiming to absorb roughly the first 10% to 14% of index losses.

Stated mandate

The Fund seeks capital appreciation through Nasdaq-100 equity exposure while using an actively managed, laddered options strategy to reduce volatility and protect approximately 10% to 14% of reference-asset losses.

Why people hold it

  1. 01Laddered by design: protection is staggered across overlapping option periods instead of hinging on one annual reset date, so entry timing matters less.
  2. 02Actively managed, not rules-on-rails: a manager runs the option ladder with a stated goal of damping volatility on Nasdaq-100 exposure.
  3. 03Fee sits at the middle of its Nasdaq-100 buffer peer group at 0.79%, the same sticker as Innovator's date-locked sibling QBUF.

Worth knowing

  1. 01Cheaper routes to Nasdaq-100 buffering exist in the same cohort: PGIM's dated buffer funds charge 0.50% and Global X's QTR 0.25%.
  2. 02Launched in 2026, so the record is short, and it trades lightly next to the category's household names, which can mean wider spreads.
  3. 03The buffer is a slice, not a floor: roughly 10% to 14% of index declines. Losses past that pass through to shareholders.

NBFR Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
49
Top-10 weight
55%
Largest holding
NVDA8.7%

Geography

  • United States96.98%
  • Netherlands2.02%
  • United Kingdom0.99%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp8.73%7,877$2M847
002AAPLApple Inc8.38%5,020$2M715
003MSFTMicrosoft Corp7.78%2,936$2M815
004AMZNAmazon.com Inc5.02%3,952$1M736
005MUMicron Technology Inc4.89%1,010$999K679
006AMDAdvanced Micro Devices Inc4.68%1,607$955K635
007WMTWalmart Inc4.22%7,626$862K460
008METAMeta Platforms Inc3.90%1,073$797K704
009GOOGLAlphabet Inc3.59%2,078$733K709
010TSLATesla Inc3.53%1,908$721K521
011GOOGAlphabet Inc3.39%1,981$691K478
012SPCXSpace Exploration Technologies Corp3.19%3,988$652K287
013AVGOBroadcom Inc3.12%1,797$637K754
014KLACKla Corp2.69%2,887$549K513
015INTCIntel Corp2.50%5,038$511K511

Showing 1–15 of 49 holdings

NBFR Performance

Launched Feb 24, 2026

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.Not enough history yet.Not enough history yet.Not enough history yet.
NBFR$10,085
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. NBFR $10,085. SPY $10,332. Use the arrow keys to read each point.$9,169$9,801$10,432Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

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.

Trailing total return for NBFR. Periods over one year show the average yearly return.
PeriodNBFR
Year to dateFund launched this year—
1 month+2.4%
3 months+0.9%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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 NBFR
YearReturn barNBFR
2026 YTD+7.8%

Since listing, Feb 24, 2026

NBFR in the news

Filtered to NBFR · Nasdaq-100 Buffer 9-12% · Innovator

NBFR Dividends

Last payment
$0.006 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Mar 31, 2026 $0.006. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Mar 31, 2026Apr 1, 2026$0.006

NBFR Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; 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 Feb 2026; 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 Feb 2026; 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.
0.56
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.

NBFR Cost

Expense ratio0.79%
  • The middle half of Nasdaq-100 Buffer 9-12% funds
  • Median 0.79%

5 of the 12 Nasdaq-100 Buffer 9-12% funds charge less.

NBFR costs $79.00 a year on $10,000. The median Nasdaq-100 Buffer 9-12% fund costs $79.00.

Other funds in Nasdaq-100 Buffer 9-12%

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