{
 "ticker": "BUFB",
 "name": "Innovator Laddered Allocation Buffer ETF",
 "issuer": "Innovator",
 "desk": "buffer",
 "url": "https://etfiq.com/funds/bufb",
 "html": "https://etfiq.com/funds/bufb",
 "markdown": "https://etfiq.com/funds/bufb.md",
 "as_of": "2026-10-09",
 "verdict": "As of Oct 9, 2026, BUFB's 12 sleeves can still gain 9.5% on average and can fall 7.2% before their buffers.",
 "key_facts": [
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "9.5%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFB, can still gain, weighted: 9.5%, as of Oct 9, 2026."
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "7.2%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFB, fall before the buffers, weighted: 7.2%, as of Oct 9, 2026."
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "9.0%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFB, protection left, weighted, index points: 9.0%, as of Oct 9, 2026."
  },
  {
   "key": "days_to_the_next_reset",
   "label": "Days to the next reset",
   "value": "22",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFB, days to the next reset: 22, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$320m on Jul 31, 2026",
   "source": "N-PORT",
   "as_of": "2026-10-09",
   "sentence": "BUFB, net assets: $320m on Jul 31, 2026 (N-PORT)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.89%",
   "source": "485BPOS XBRL, Feb 27, 2026",
   "as_of": "2026-10-09",
   "sentence": "BUFB, expense ratio: 0.89% (485BPOS XBRL, Feb 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "kind",
   "label": "Kind",
   "value": "Laddered buffer ETF: a fund of 12 buffer ETFs",
   "source": null
  },
  {
   "key": "reference_index",
   "label": "Reference index",
   "value": "SPY",
   "source": null
  },
  {
   "key": "sleeves",
   "label": "Sleeves",
   "value": "BNOV, BDEC, BJAN, BFEB, BMAR, BAPR, BMAY, BJUN, BJUL, BAUG, BSEP, BOCT",
   "source": null
  },
  {
   "key": "sleeve_outcome_periods",
   "label": "Sleeve outcome periods",
   "value": "about 12 months each, ending on 12 different dates",
   "source": null
  },
  {
   "key": "weights",
   "label": "Weights",
   "value": "its report for Jul 31, 2026",
   "source": "N-PORT"
  },
  {
   "key": "share_of_net_assets_in_the_sleeves_etfiq_reads",
   "label": "Share of net assets in the sleeves ETFIQ reads",
   "value": "99.91%",
   "source": null
  },
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "9.5%",
   "source": "ETFIQ"
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "7.2%",
   "source": "ETFIQ"
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "9.0%",
   "source": "ETFIQ"
  },
  {
   "key": "next_sleeve_to_reset",
   "label": "Next sleeve to reset",
   "value": "BNOV on Oct 31, 2026, in 22 days",
   "source": null
  },
  {
   "key": "days_left_weighted",
   "label": "Days left, weighted",
   "value": "188",
   "source": "ETFIQ"
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$320m on Jul 31, 2026",
   "source": "N-PORT"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.89%",
   "source": "485BPOS XBRL, Feb 27, 2026"
  },
  {
   "key": "sleeve_bnov_8_43_of_net_assets",
   "label": "Sleeve BNOV, 8.43% of net assets",
   "value": "SPY, period ends Oct 31, 2026, can still gain 3.0%, fall before buffer 12.5%",
   "source": null
  },
  {
   "key": "sleeve_bdec_8_43_of_net_assets",
   "label": "Sleeve BDEC, 8.43% of net assets",
   "value": "SPY, period ends Nov 30, 2026, can still gain 3.7%, fall before buffer 11.8%",
   "source": null
  },
  {
   "key": "sleeve_bjan_8_39_of_net_assets",
   "label": "Sleeve BJAN, 8.39% of net assets",
   "value": "SPY, period ends Dec 31, 2026, can still gain 3.9%, fall before buffer 10.9%",
   "source": null
  },
  {
   "key": "sleeve_bfeb_8_39_of_net_assets",
   "label": "Sleeve BFEB, 8.39% of net assets",
   "value": "SPY, period ends Jan 31, 2027, can still gain 5.3%, fall before buffer 9.8%",
   "source": null
  },
  {
   "key": "sleeve_bmar_8_35_of_net_assets",
   "label": "Sleeve BMAR, 8.35% of net assets",
   "value": "SPY, period ends Feb 28, 2027, can still gain 5.6%, fall before buffer 9.8%",
   "source": null
  },
  {
   "key": "sleeve_bapr_8_29_of_net_assets",
   "label": "Sleeve BAPR, 8.29% of net assets",
   "value": "SPY, period ends Mar 31, 2027, can still gain 5.0%, fall before buffer 11.5%",
   "source": null
  },
  {
   "key": "sleeve_bmay_8_12_of_net_assets",
   "label": "Sleeve BMAY, 8.12% of net assets",
   "value": "SPY, period ends Apr 30, 2027, can still gain 9.4%, fall before buffer 6.5%",
   "source": null
  },
  {
   "key": "sleeve_bjun_8_00_of_net_assets",
   "label": "Sleeve BJUN, 8.00% of net assets",
   "value": "SPY, period ends May 31, 2027, can still gain 14.2%, fall before buffer 3.3%",
   "source": null
  },
  {
   "key": "sleeve_bjul_8_30_of_net_assets",
   "label": "Sleeve BJUL, 8.30% of net assets",
   "value": "SPY, period ends Jun 30, 2027, can still gain 13.8%, fall before buffer 3.7%",
   "source": null
  },
  {
   "key": "sleeve_baug_8_40_of_net_assets",
   "label": "Sleeve BAUG, 8.40% of net assets",
   "value": "SPY, period ends Jul 31, 2027, can still gain 13.9%, fall before buffer 3.3%",
   "source": null
  },
  {
   "key": "sleeve_bsep_8_39_of_net_assets",
   "label": "Sleeve BSEP, 8.39% of net assets",
   "value": "SPY, period ends Aug 31, 2027, can still gain 18.0%, fall before buffer 1.5%",
   "source": null
  },
  {
   "key": "sleeve_boct_8_42_of_net_assets",
   "label": "Sleeve BOCT, 8.42% of net assets",
   "value": "SPY, period ends Sep 30, 2027, can still gain 18.3%, fall before buffer 1.6%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+3.4%",
   "SPY price return": "+3.1%",
   "Gap to SPY": "+0.2 pts"
  },
  {
   "window": "6 months",
   "Total return": "+10.4%",
   "SPY price return": "+14.6%",
   "Gap to SPY": "\u22124.2 pts"
  },
  {
   "window": "1 year",
   "Total return": "+14.1%",
   "SPY price return": "+16.0%",
   "Gap to SPY": "\u22121.9 pts"
  },
  {
   "window": "3 years",
   "Total return": "+58.4%",
   "SPY price return": "+79.2%",
   "Gap to SPY": "\u221220.8 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+62.6%",
   "SPY price return": "+70.2%",
   "Gap to SPY": "\u22127.5 pts"
  }
 ],
 "questions": [
  {
   "q": "What does BUFB hold?",
   "a": "BUFB holds 12 buffer ETFs: BNOV, BDEC, BJAN, BFEB, BMAR, BAPR, BMAY, BJUN, BJUL, BAUG, BSEP, BOCT. Its N-PORT for Jul 31, 2026 puts 99.9% of its net assets in them."
  },
  {
   "q": "How much can BUFB still gain?",
   "a": "Weighted by its N-PORT, BUFB's sleeves can still gain 9.5% as of Oct 9, 2026, each sleeve's issuer figure in fund-price terms."
  },
  {
   "q": "When does BUFB reset?",
   "a": "BUFB itself does not reset. Each sleeve resets on its own date; the next is BNOV on Oct 31, 2026, in 22 days."
  }
 ],
 "generated": "2026-10-09",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, BUFB, buffer ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/bufb"
}