LOUP

Innovator Deepwater Frontier Tech ETF

The Innovator Loup Frontier Tech ETF tracks an index of developed- and emerging-market stocks that are influencing the future of technology. Holdings are selected by fundamental criteria and equally weighted in two tiers.


Global

EQUITY

Rules-Based

MANAGEMENT STYLE

66.3 M

ASSETS UNDER MGMT

70 bp

EXPENSES
Fund Basics
Fund sponsorInnovator Capital Management
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateJul 24, 2018
Assets (mns)$66
Expense ratio70 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionFundamental
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
ROBINHOOD MARKETS, INC. CLASS A 6.1 %
REDDIT INC-CL A 5.2 %
MICRON TECHNOLOGY INC 4.3 %
NU HOLDINGS LTD. CLASS A 4.1 %
HYNIX SEMICONDUCTOR INC 4.0 %
BLOCK INC. 3.5 %
CONFLUENT INC 3.5 %
CAMECO CORP 3.4 %
SHIFT4 PAYMENTS, INC. CLASS A 3.4 %
MONGODB, INC. CLASS A 3.3 %
Constituent Breakdown
Number of holdings28
Herfindahl-Hirschman Index 349
Wgt avg mkt cap (mns)$49,629
Large cap (>$10bn)79.4%
Mid cap ($2-10bn)12.2%
Small cap (<$2bn)0.0%
Developed mkts.89.2%
Emerging mkts.10.8%
Country Exposure
UNITED STATES 62.0 %
CANADA 6.3 %
NETHERLANDS 6.3 %
CAYMAN ISLANDS 4.1 %
SOUTH KOREA 4.0 %
ARGENTINA 3.2 %
TAIWAN 2.8 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 24.5% 35.4% 30.6% 0.0% 16.8% -- 12.5%
Volatility 25.8% 25.1% 27.0% 32.1% 32.6% -- --
Market Correlations
versus...BetaR-squared
S&P 5001.5874%
MSCI EAFE1.3251%
MSCI Emg Mkts1.1639%
Liquidity Measures
Avg. volume (000)6
Turnover0.5%
Avg. Bid/Ask (% of price)0.49%
ADV of underlying (mns)$11,822
Technical Indicators
Recent close$57.65
30d moving avg.$48.95
Annualized volatility32.3%
Relative strength (RSI)56
Short interest (ETF)1.1%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: LOUP vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
3.5 25.6 4.6 0.7% --
Based on closing prices from 12/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
LOUP



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™

LOUP

1.6%

Cat. Avg

4.0%


ALTAR Score™ Calculation

Category Overview
There are 377 funds in the Global Equity category, with an average ALTAR Score™ of 4.0% and a standard deviation of 4.7%. LOUP's ALTAR Score™ is approximately 0.5 standard deviations below the category average. This places LOUP in the 30rd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

LOUP
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Global Equity ETFs
# of ETFs 191
Avg. Expense Ratio 55.4 bp
Std. Deviation 17.5 bp
LOUP (70 bp) Percentile rank 80
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
LOUP 70.0 48.7 118.7
Peer Avg. 57.1 40.0 97.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .