# BMAY (Innovator U.S. Equity Buffer ETF - May)

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

As of Sep 11, 2026, BMAY sits between its buffer and its cap, with SPY up 6.3% since the period began.

## Key facts

- BMAY, can still gain: 11.1%, as of Sep 11, 2026.
- BMAY, fall before the buffer: 5.0%, as of Sep 11, 2026.
- BMAY, protection left, index points: 9.0%, as of Sep 11, 2026.
- BMAY, days to reset: 231, as of Sep 11, 2026.
- BMAY, net assets: $237m (issuer page, as of Sep 11, 2026).
- BMAY, expense ratio: 0.79% (issuer page, Sep 11, 2026).

## BMAY over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +3.0% | +3.3% | −0.3 pts |
| 6 months | +8.2% | +16.0% | −7.8 pts |
| 1 year | +11.0% | +17.5% | −6.5 pts |
| 3 years | +51.6% | +77.9% | −26.2 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 9% | ETFIQ |
| Outcome period | Apr 30, 2026 to Apr 30, 2027 | ETFIQ |
| Starting cap | +16.9% | ETFIQ |
| SPY return since period start | +6.3% | ETFIQ |
| Fund return since period start | +5.0% | ETFIQ |
| Net assets | $237m | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 11.1% | issuer, fund price |
| Fall before buffer | 5.0% | issuer, fund price |
| Fall to the buffer in index terms | 6.0% | ETFIQ |
| Protection left in index points | 9.0% of 9.0% | ETFIQ |
| Days left in period | 231 | ETFIQ |
| Expense ratio | 0.79% | issuer page, Sep 11, 2026 |

## Questions

### How much can BMAY still gain?

About 11.1% 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 +16.9%.

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

5.0% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 6.0% from that level before the buffer begins. Losses until that point are the holder's.

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

9.0% of the 9.0% 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 BMAY reset?

The outcome period ends on Apr 30, 2027, 231 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does BMAY cost?

The prospectus expense ratio is 0.79% a year.


## Cite this page

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

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