PAUG
Innovator U.S. Equity Power Buffer ETF - August
PAUG aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral.
US
EQUITY
Active
MANAGEMENT STYLE
759.6 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | Innovator |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 31, 2019 |
| Assets (mns) | $757 |
| Expense ratio | 79 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| SPY 07/31/2025 5.51 C | 95.2 % |
| SPY 07/31/2025 550.81 P | 6.5 % |
| CASH & OTHER | 0.2 % |
| SPY 07/31/2025 621.37 C | -0.2 % |
| SPY 07/31/2025 468.19 P | -1.8 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -2.0% | 8.5% | 12.6% | 9.2% | 8.8% | -- | -- | 7.4% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | 0.3% |
| Total Returns | -2.0% | 8.5% | 12.6% | 9.2% | 8.8% | -- | -- | 7.7% | Ann. Volatility | 16.4% | 10.7% | 9.2% | 9.9% | 9.0% | -- | -- | 11.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.52 | 94% |
| MSCI EAFE | 0.43 | 66% |
| MSCI Emg Mkts | 0.33 | 40% |
Liquidity Measures
| Avg. volume (000) | 137 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $0 |
Technical Indicators
| Recent close | $37.98 |
| 30d moving avg. | $37.25 |
| Annualized volatility | 8.9% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| PAUG (79 bp) Percentile rank | 66 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PAUG | 79.0 | 11.2 | 90.2 |
| Peer Avg. | 49.0 | 20.2 | 69.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .