# BALT (Innovator Defined Wealth Shield ETF - Quarterly)

Innovator · Buffer ETFs · data as of Sep 11, 2026

As of Sep 11, 2026, BALT sits between its buffer and its cap, with SPY up 2.4% since the period began.

## Key facts

- BALT, can still gain: 0.9%, as of Sep 11, 2026.
- BALT, fall before the buffer: 1.6%, as of Sep 11, 2026.
- BALT, protection left, index points: 20.0%, as of Sep 11, 2026.
- BALT, days to reset: 19, as of Sep 11, 2026.
- BALT, net assets: $2.9bn (issuer page, as of Sep 11, 2026).
- BALT, expense ratio: 0.69% (issuer page, Sep 11, 2026).

## BALT over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +1.7% | +3.3% | −1.6 pts |
| 6 months | +3.6% | +16.0% | −12.4 pts |
| 1 year | +6.3% | +17.5% | −11.2 pts |
| 3 years | +23.8% | +77.9% | −54.1 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 20% | ETFIQ |
| Outcome period | Jun 30, 2026 to Sep 30, 2026 | ETFIQ |
| Starting cap | +2.5% | ETFIQ |
| SPY return since period start | +2.4% | ETFIQ |
| Fund return since period start | +1.5% | ETFIQ |
| Net assets | $2.9bn | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 0.9% | issuer, fund price |
| Fall before buffer | 1.6% | issuer, fund price |
| Fall to the buffer in index terms | 2.3% | ETFIQ |
| Protection left in index points | 20.0% of 20.0% | ETFIQ |
| Days left in period | 19 | ETFIQ |
| Expense ratio | 0.69% | issuer page, Sep 11, 2026 |

## Questions

### How much can BALT still gain?

About 0.9% from its price on Sep 11, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +2.5%.

### How far can BALT fall before the buffer helps?

1.6% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 2.3% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the BALT buffer is left?

20.0% of the 20.0% buffer sat below the SPY level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does BALT reset?

The outcome period ends on Sep 30, 2026, 19 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does BALT cost?

The prospectus expense ratio is 0.69% a year.


## Cite this page

ETFIQ, BALT, data as of Sep 11, 2026. https://etfiq.com/funds/balt
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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