{
 "ticker": "BUFF",
 "name": "Innovator Laddered Allocation Power Buffer ETF",
 "issuer": "Innovator",
 "desk": "buffer",
 "url": "https://etfiq.com/funds/buff",
 "html": "https://etfiq.com/funds/buff",
 "markdown": "https://etfiq.com/funds/buff.md",
 "as_of": "2026-10-09",
 "verdict": "As of Oct 9, 2026, BUFF's 12 sleeves can still gain 6.9% on average and can fall 6.0% before their buffers.",
 "key_facts": [
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "6.9%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFF, can still gain, weighted: 6.9%, as of Oct 9, 2026."
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "6.0%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFF, fall before the buffers, weighted: 6.0%, as of Oct 9, 2026."
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "15.0%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFF, protection left, weighted, index points: 15.0%, 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": "BUFF, days to the next reset: 22, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$924m on Jul 31, 2026",
   "source": "N-PORT",
   "as_of": "2026-10-09",
   "sentence": "BUFF, net assets: $924m 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": "BUFF, 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": "PNOV, PDEC, PJAN, PFEB, PMAR, PAPR, PMAY, PJUN, PJUL, PAUG, PSEP, POCT",
   "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": "99.93%",
   "source": null
  },
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "6.9%",
   "source": "ETFIQ"
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "6.0%",
   "source": "ETFIQ"
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "15.0%",
   "source": "ETFIQ"
  },
  {
   "key": "next_sleeve_to_reset",
   "label": "Next sleeve to reset",
   "value": "PNOV 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": "$924m on Jul 31, 2026",
   "source": "N-PORT"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.89%",
   "source": "485BPOS XBRL, Feb 27, 2026"
  },
  {
   "key": "sleeve_pnov_8_46_of_net_assets",
   "label": "Sleeve PNOV, 8.46% of net assets",
   "value": "SPY, period ends Oct 31, 2026, can still gain 0.9%, fall before buffer 11.0%",
   "source": null
  },
  {
   "key": "sleeve_pdec_8_43_of_net_assets",
   "label": "Sleeve PDEC, 8.43% of net assets",
   "value": "SPY, period ends Nov 30, 2026, can still gain 1.8%, fall before buffer 10.1%",
   "source": null
  },
  {
   "key": "sleeve_pjan_8_38_of_net_assets",
   "label": "Sleeve PJAN, 8.38% of net assets",
   "value": "SPY, period ends Dec 31, 2026, can still gain 2.5%, fall before buffer 8.8%",
   "source": null
  },
  {
   "key": "sleeve_pfeb_8_38_of_net_assets",
   "label": "Sleeve PFEB, 8.38% of net assets",
   "value": "SPY, period ends Jan 31, 2027, can still gain 3.5%, fall before buffer 8.0%",
   "source": null
  },
  {
   "key": "sleeve_pmar_8_35_of_net_assets",
   "label": "Sleeve PMAR, 8.35% of net assets",
   "value": "SPY, period ends Feb 28, 2027, can still gain 4.0%, fall before buffer 7.9%",
   "source": null
  },
  {
   "key": "sleeve_papr_8_28_of_net_assets",
   "label": "Sleeve PAPR, 8.28% of net assets",
   "value": "SPY, period ends Mar 31, 2027, can still gain 4.0%, fall before buffer 8.8%",
   "source": null
  },
  {
   "key": "sleeve_pmay_8_17_of_net_assets",
   "label": "Sleeve PMAY, 8.17% of net assets",
   "value": "SPY, period ends Apr 30, 2027, can still gain 6.9%, fall before buffer 5.4%",
   "source": null
  },
  {
   "key": "sleeve_pjun_8_09_of_net_assets",
   "label": "Sleeve PJUN, 8.09% of net assets",
   "value": "SPY, period ends May 31, 2027, can still gain 10.4%, fall before buffer 3.0%",
   "source": null
  },
  {
   "key": "sleeve_pjul_8_27_of_net_assets",
   "label": "Sleeve PJUL, 8.27% of net assets",
   "value": "SPY, period ends Jun 30, 2027, can still gain 10.3%, fall before buffer 3.2%",
   "source": null
  },
  {
   "key": "sleeve_paug_8_35_of_net_assets",
   "label": "Sleeve PAUG, 8.35% of net assets",
   "value": "SPY, period ends Jul 31, 2027, can still gain 10.7%, fall before buffer 2.8%",
   "source": null
  },
  {
   "key": "sleeve_psep_8_36_of_net_assets",
   "label": "Sleeve PSEP, 8.36% of net assets",
   "value": "SPY, period ends Aug 31, 2027, can still gain 13.5%, fall before buffer 1.3%",
   "source": null
  },
  {
   "key": "sleeve_poct_8_41_of_net_assets",
   "label": "Sleeve POCT, 8.41% of net assets",
   "value": "SPY, period ends Sep 30, 2027, can still gain 14.1%, fall before buffer 1.3%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+2.7%",
   "SPY price return": "+3.1%",
   "Gap to SPY": "\u22120.4 pts"
  },
  {
   "window": "6 months",
   "Total return": "+7.7%",
   "SPY price return": "+14.6%",
   "Gap to SPY": "\u22126.9 pts"
  },
  {
   "window": "1 year",
   "Total return": "+11.1%",
   "SPY price return": "+16.0%",
   "Gap to SPY": "\u22124.9 pts"
  },
  {
   "window": "3 years",
   "Total return": "+43.6%",
   "SPY price return": "+79.2%",
   "Gap to SPY": "\u221235.5 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+129.7%",
   "SPY price return": "+264.0%",
   "Gap to SPY": "\u2212134.3 pts"
  }
 ],
 "questions": [
  {
   "q": "What does BUFF hold?",
   "a": "BUFF holds 12 buffer ETFs: PNOV, PDEC, PJAN, PFEB, PMAR, PAPR, PMAY, PJUN, PJUL, PAUG, PSEP, POCT. Its N-PORT for Jul 31, 2026 puts 99.9% of its net assets in them."
  },
  {
   "q": "How much can BUFF still gain?",
   "a": "Weighted by its N-PORT, BUFF's sleeves can still gain 6.9% as of Oct 9, 2026, each sleeve's issuer figure in fund-price terms."
  },
  {
   "q": "When does BUFF reset?",
   "a": "BUFF itself does not reset. Each sleeve resets on its own date; the next is PNOV 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, BUFF, buffer ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/buff"
}