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Innovator Equity Managed 100 Buffer (BFRZ) ETF Holdings & Analysis
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What BFRZ does
BFRZ aims to provide 40 to 50% upside exposure to the S&P 500 Index, with one-third of the volatility and a target of 1 to 3% for annual maximum loss. BFRZ differentiates itself by holding physical equities, allowing potential dividends to pass through to shareholders. The underlying portfolio is systematically managed to pursue the same profile but with less than 70% overlap in holdings with the S&P 500 Index. The portfolio also holds quarterly laddered 10% in-the-money puts on the S&P 500 and writes bi-weekly covered calls. The scatter plot forms a smile, indicating that the fund, compared to the S&P, may experience limited upside participation but may also gain by avoiding significant losses in a market drawdown. The fund continuously rolls the option contracts, therefore, it does not have a stated outcome period. This making it crucial to know that the entry/exit point for trading the shares is at the end of each calendar quarter.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| Apple Inc | 7.37% | |
| NVIDIA Corp | 7.28% | |
| Microsoft Corp | 5.82% | |
| Amazon.com Inc | 3.83% | |
| Alphabet Inc | 2.83% | |
| Broadcom Inc | 2.46% | |
| Alphabet Inc | 2.40% | |
| Meta Platforms Inc | 2.08% | |
| SPXW US 09/30/27 P8465 | 2.07% | |
| Tesla Inc | 1.95% |
Geographic allocation
| Other | 6.29% |
| United States | 92.29% |
| Finland | 0.06% |
| Switzerland | 0.09% |
| Ireland | 0.44% |
| United Kingdom | 0.11% |
| Netherlands | 0.30% |
| Australia | 0.16% |
| Cayman Islands | 0.16% |
| Bermuda | 0.06% |
PortView Portfolio Insights
PortView analyzes how BFRZ fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does BFRZ track?
- BFRZ is the Innovator Equity Managed 100 Buffer ETF, a Other ETF.
- What is the expense ratio of BFRZ?
- Expense ratio data for BFRZ is shown on the page when available from our data provider.
- What are the largest holdings in BFRZ?
- Top holdings include AAPL, NVDA, MSFT, AMZN, GOOGL.
- How can PortView analyze BFRZ overlap with other ETFs?
- PortView computes the holdings overlap between BFRZ and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.