DDFN ETF — Holdings & Analysis

The Innovator Equity Dual Directional 15 Buffer ETF (DDFN) is an equity ETF with $0.11 billion in assets under management and an expense ratio of 0.79%.

DDFN seeks to provide specific investment outcomes over a defined outcome period, but there is no guarantee these outcomes will be realized. The fund's strategy involves buffering against potential losses while also participating in potential gains, offering a unique approach compared to traditional equity ETFs.

Innovator Equity Dual Directional 15 Buffer ETF (DDFN) ETF — Price, Holdings & Analysis

The Innovator Equity Dual Directional 15 Buffer ETF (DDFN) is an equity ETF with $0.11 billion in assets under management and an expense ratio of 0.79%. DDFN seeks to provide specific investment outcomes over a defined outcome period, but there is no guarantee these outcomes will be realized. The fund's strategy involves buffering against potential losses while also participating in potential gains, offering a unique approach compared to traditional equity ETFs.

ETF Overview

The outcomes that the Fund seeks to provide may only be realized if you are holding shares on the first day of the Outcome Period and continue to hold them on the last day of the Outcome Period. There is no guarantee that the Outcomes for an Outcome Period will be realized or that the Fund will achieve its investment objective.

DDFN aims to provide investors with a buffered exposure to equity markets, seeking to participate in gains up to a certain cap while providing a buffer against a defined level of losses. This is achieved through a dual directional strategy. The fund's outcomes are only realized if shares are held from the beginning to the end of the outcome period. DDFN's sector allocation is heavily weighted towards Technology at 33.1%, followed by Financial Services at 12.3%, and Communication Services at 10.7%. Other significant sectors include Consumer Cyclical (10.1%), Healthcare (9.8%), and Industrials (8.7%). The fund's country exposure is entirely focused on 'Other' at 100.0%. With only 7 holdings, DDFN is not broadly diversified. This ETF may be suitable for investors seeking a specific risk-managed approach to equity investing, but it is crucial to understand the defined outcome period and the potential limitations on both gains and losses.

Risk Metrics

DDFN carries several risks that investors may want to research. The fund's concentrated portfolio, with only 7 holdings, increases its sensitivity to the performance of those specific assets. The significant allocation to the Technology sector (33.1%) exposes the fund to sector-specific risks. The expense ratio of 0.79% is relatively high, which can create a drag on performance, especially in lower-return environments. The fund's beta is 0.00, indicating very low volatility relative to the market, but this also reflects the buffered nature of the fund. Investors should be aware that the fund's defined outcome period means that returns outside of that period may not align with the fund's stated objectives. Past performance does not guarantee future results.

Expense Ratio

0.79%

How Is the Fund Allocated?

Sector	Weight
Technology	33.1%
Financial Services	12.3%
Communication Services	10.7%
Consumer Cyclical	10.1%
Healthcare	9.8%
Industrials	8.7%
Consumer Defensive	5.4%
Energy	3.5%
Utilities	2.5%
Real Estate	2.0%
Basic Materials	1.9%

Country	Weight
Other	100.0%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

Innovator U.S. Equity Accelerated 9 Buffer ETF (XBAP) (Equity) — 0.79% expense ratio
Innovator Equity Dual Directional 10 Buffer ETF (DDTN) (Equity) — 0.79% expense ratio
Innovator Emerging Markets Power Buffer ETF (EAPR) (Equity) — 0.89% expense ratio
Innovator Equity Dual Directional 10 Buffer ETF (DDTJ) (Equity) — 0.79% expense ratio
Innovator U.S. Equity Accelerated Plus ETF (XTJL) (Equity) — 0.79% expense ratio
Innovator U.S. Equity Power Buffer ETF (PJAN) (Equity) — 0.79% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is DDFN and what does it track?

The Innovator Equity Dual Directional 15 Buffer ETF (DDFN) is an exchange-traded fund that seeks to provide a defined level of downside protection and upside participation over a specific outcome period. It does this through a dual directional strategy.

What is the expense ratio for DDFN?

The expense ratio for DDFN is 0.79%. This means that for every $10,000 invested in the fund, $79 is used to cover the fund's operating expenses.

While this provides the benefit of the fund's unique investment strategy, it is important to consider the impact of this expense on overall returns.

What are the top holdings in DDFN?

As of 2026-03-15, DDFN only has 7 holdings. While specific holdings data is not available, the sector allocation provides insight into the fund's exposures. The top sectors include Technology (33.1%), Financial Services (12.3%), and Communication Services (10.7%).

These sectors collectively represent a significant portion of the fund's portfolio, indicating a concentrated exposure to these areas of the market.

Is DDFN a good long-term investment?

DDFN's suitability as a long-term investment depends on an investor's specific goals and risk tolerance. The fund's buffered strategy may appeal to those seeking to mitigate downside risk, but it also limits potential upside gains.

The expense ratio of 0.79% should be factored into long-term return expectations.

How does DDFN compare to similar ETFs?

DDFN differentiates itself with its dual directional strategy and defined outcome period. Compared to broad market equity ETFs, DDFN offers a buffered approach, limiting both potential gains and losses.

Other buffered ETFs may have different buffer levels, outcome periods, and underlying indexes.

Does DDFN pay dividends?

According to the available data, DDFN has a dividend yield of 0.00%. This indicates that the fund does not currently distribute dividends to its shareholders. Investors seeking income-generating investments may want to consider other ETFs with a higher dividend yield.

However, DDFN's primary objective is not income generation but rather to provide a buffered exposure to equity markets.