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QFLR

GradeCNew York Stock Exchange Arca

Innovator Nasdaq-100 Managed Floor ETF

Floor Protected · Innovator · Inception 2024-01-25 · SEC filings

$36.12−0.04 (−0.11%)

As of Sep 23, 2026, 2:15 PM EDT

History starts Jan 25, 2024.
Intraday session: down, 46 prints from 36.16 to 36.12. Range 36.09 to 36.16. Use the arrow keys to read each point.$36.08$36.10$36.14$36.1610 AM12 PM2 PM4 PM
Expense ratio
0.89%
Fund size
$518M
1Y return
+10.0%
Yield · Last 12 months
0.00%
Holdings
54
Volume · 30D
0.1M sh
NAV per share
$35.69
52W range
low $32.38high $37.39

The ETF.net QFLR Grade

C

45/ 100

Rank 3 of 6 in Managed Floor⁠

Confidence Low

Six-pillar profile for QFLR. Scores out of 100: Cost 24, Risk 43, Mission not scored, Tradability 80, Holdings 50, Durability 78. Strongest: Tradability (80). Weakest: Cost (24). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 45 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 rank5/6 · 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.
    CScore 43
    Category rank4/6 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 80
    Category rank1/6 · top 17%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 50
    Category rank3/3 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 78
    Category rank2/6 · top 33%

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

Our read on QFLR

ETF.net Research

CMost Nasdaq-100 downside plays lock you into a 12-month outcome period with a reset date. QFLR skips the calendar: about 50 large-cap stocks with a ladder of put options underneath, run by a manager rather than a fixed series.

Stated mandate

The Fund seeks capital appreciation through participation in U.S. large-capitalization companies represented by the Nasdaq-100 Index while limiting potential maximum losses. It uses a hedging strategy with laddered put options and short-dated call sales.

Why people hold it

  1. 01The hedge rides a ladder of puts instead of a single 12-month outcome period, so there is no reset date to time and no waiting for the next series to open.
  2. 02It owns roughly 50 U.S. large caps directly rather than options on another fund, with the put ladder and call writing layered on top.
  3. 03For a niche hedged strategy, it changes hands easily: one of the smoother names in this corner of the market to get in and out of.

Worth knowing

  1. 01Fee is 0.89% a year, above the laddered and structured-protection options in its group (PBQQ at 0.50%, CPNS and CPNJ at 0.69%).
  2. 02The floor is financed by selling short-dated calls, so a fast Nasdaq-100 rally gets clipped. Upside is the currency here.
  3. 03The mandate is to limit maximum losses, not erase them, and the manager sets the hedge. No published cap or buffer to check before you buy.

QFLR Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
54
Top-10 weight
55%
Largest holding
NVDA8.7%

Sectors

  • Technology58.1%
  • Communication13.2%
  • Consumer Discr.11.0%
  • Cons. Staples6.4%
  • Health Care4.0%
  • Industrials3.8%
  • Utilities1.7%
  • Financials1.1%
  • Energy0.8%

Geography

  • United States96.73%
  • Netherlands2.33%
  • United Kingdom0.94%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp8.71%200,304$46M828
002AAPLApple Inc8.43%129,930$44M707
003MSFTMicrosoft Corp6.92%72,143$36M792
004AMZNAmazon.com Inc5.22%105,526$27M720
005MUMicron Technology Inc5.13%25,703$27M655
006AMDAdvanced Micro Devices Inc5.05%42,909$26M618
007WMTWalmart Inc4.04%196,505$21M462
008METAMeta Platforms Inc4.01%28,267$21M683
009GOOGLAlphabet Inc3.64%53,568$19M704
010GOOGAlphabet Inc3.43%51,170$18M471
011TSLATesla Inc3.17%44,154$17M509
012INTCIntel Corp3.16%135,746$17M492
013AVGOBroadcom Inc3.15%45,433$16M732
014SPCXSpace Exploration Technologies Corp3.13%107,883$16M268
015LRCXLam Research Corp3.02%52,268$16M591

Showing 1–15 of 52 holdings

QFLR Performance

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

QFLR$11,002
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. QFLR $11,002. 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 QFLR. Periods over one year show the average yearly return.
PeriodQFLR
Year to date+5.5%
1 month+2.8%
3 months−0.7%
1 year+10.0%
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 QFLR
YearReturn barQFLR
2026 YTD+5.5%
2025+17.3%
2024+16.6%

Since listing, Jan 25, 2024

QFLR in the news

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

QFLR 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.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2025

One bar per payment. 3 payments from 2024 to 2025. Mar 27, 2024 $0.0059; Jun 28, 2024 $0.0024; Mar 31, 2025 $0.0079. Use the arrow keys to read each point.20242025
Ex-datePay dateAmount per share
Mar 31, 2025Apr 1, 2025$0.0079
Jun 28, 2024Jul 1, 2024$0.0024
Mar 27, 2024Apr 1, 2024$0.0059

QFLR Risk

How much the fund’s monthly returns vary, scaled to a year.
10.4%
Annualised · 31 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.
0.95
vs 3-month T-bills · 31 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.
−14.0%
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.
0.74
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.

QFLR Cost

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

2 of the 5 Managed Floor funds charge less.

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