PSTP ETF — Holdings & Analysis

The Innovator Power Buffer Step-Up Strategy ETF (PSTP) is an actively-managed equity ETF with $0.13 billion in assets under management.

Launched in March 2022 by Innovator, PSTP offers risk-managed exposure to the SPDR S&P 500 ETF Trust (SPY) through an opportunistically-managed buffer strategy. With an expense ratio of 0.89%, PSTP aims to provide a one-ticker solution for investors seeking buffered exposure to the S&P 500, evaluated monthly and designed for indefinite holding.

Innovator Power Buffer Step-Up Strategy ETF (PSTP) ETF — Price, Holdings & Analysis

The Innovator Power Buffer Step-Up Strategy ETF (PSTP) is an actively-managed equity ETF with $0.13 billion in assets under management. Launched in March 2022 by Innovator, PSTP offers risk-managed exposure to the SPDR S&P 500 ETF Trust (SPY) through an opportunistically-managed buffer strategy. With an expense ratio of 0.89%, PSTP aims to provide a one-ticker solution for investors seeking buffered exposure to the S&P 500, evaluated monthly and designed for indefinite holding.

ETF Overview

The Innovator Power Buffer Step-Up ETF is an actively-managed fund that seeks to provide risk-managed exposure to the SPDR S&P 500 ETF Trust (SPY). The fund is a one-ticker solution designed to offer an opportunistically-managed buffer strategy. The ETF is evaluated monthly and can be held indefinitely.

The Innovator Power Buffer Step-Up Strategy ETF (PSTP) is designed to provide investors with risk-managed exposure to the SPDR S&P 500 ETF Trust (SPY). As an actively-managed fund, PSTP employs a buffer strategy that is evaluated monthly, allowing for opportunistic adjustments. This approach aims to mitigate potential downside risk while still participating in market gains. PSTP's strategy is implemented using a portfolio of five holdings. The ETF's sector allocation is heavily weighted towards Technology at 33.1%, followed by Financial Services at 12.3%, Communication Services at 10.7%, and Consumer Cyclical at 10.1%. Healthcare, Industrials, Consumer Defensive, Energy, Utilities, Real Estate, and Basic Materials sectors are also represented, providing diversification across various segments of the economy. With 100% of its country exposure in 'Other', the fund's investment focus is not explicitly tied to a specific geographic region.

Risk Metrics

PSTP's risk profile is shaped by its active management and buffer strategy. The fund's expense ratio of 0.89% is higher than the category average, which can create a drag on performance over time. With only 5 holdings, PSTP exhibits concentration risk, as the performance of a few key assets will significantly impact the overall fund performance. The fund's sector allocation also introduces risk, with a significant weighting towards Technology (33.1%), making it vulnerable to sector-specific downturns. PSTP has a 3-year beta of 0.49, indicating lower volatility compared to the broader market. Past performance does not guarantee future results.

Expense Ratio

0.89%

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 Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% 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 Equity Dual Directional 15 Buffer ETF (DDFN) (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 Power Buffer ETF (PJAN) (Equity) — 0.79% expense ratio

Risk Metrics

Beta: 0.49

Questions & Answers

What is PSTP and what does it track?

The Innovator Power Buffer Step-Up Strategy ETF (PSTP) is an actively-managed ETF designed to provide risk-managed exposure to the SPDR S&P 500 ETF Trust (SPY).

PSTP employs an opportunistically-managed buffer strategy that is evaluated monthly, aiming to mitigate downside risk while participating in market gains.

What is the expense ratio for PSTP?

The expense ratio for the Innovator Power Buffer Step-Up Strategy ETF (PSTP) is 0.89%. This means that for every $10,000 invested in the fund, $89 is deducted annually to cover operating expenses.

What are the top holdings in PSTP?

As an actively managed fund, PSTP's holdings data is not fully transparent. However, it is designed to provide risk-managed exposure to the SPDR S&P 500 ETF Trust (SPY).

The fund is a one-ticker solution designed to offer an opportunistically-managed buffer strategy. The ETF is evaluated monthly and can be held indefinitely. The fund currently holds 5 positions.

Is PSTP a good long-term investment?

Whether PSTP is a suitable long-term investment depends on an individual's investment goals and risk tolerance.

PSTP's actively-managed buffer strategy aims to mitigate downside risk while participating in market gains, which can be attractive to investors seeking a more conservative approach to equity investing.

How does PSTP compare to similar ETFs?

PSTP competes with other buffered ETFs that aim to provide downside protection while participating in market upside. A key differentiator is PSTP's active management and monthly evaluation of its buffer strategy.

Compared to passively managed buffered ETFs, PSTP's active approach may offer the potential for better risk management but also comes with a higher expense ratio of 0.89%.

Does PSTP pay dividends?

According to the latest data, the Innovator Power Buffer Step-Up Strategy ETF (PSTP) 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 history of dividend payments. However, PSTP's primary focus is on providing risk-managed exposure to the S&P 500 through its buffer strategy, rather than generating income.