Innovator Defined Wealth Shield ETF
BALT
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- 109 N. Hale Street Wheaton IL United States of America 60187
- IPO Date
- Jul 1, 2021
- Website
- innovatoretfs.com
- Similar Companies
- Business
- Innovator ETFs Trust - Innovator Defined Wealth Shield ETF (BALT) is an actively managed exchange-traded fund that seeks to track the price return of the SPDR S&P 500 ETF Trust (SPY) to an upside cap while providing a targeted 20% buffer (within a range of 15-20%) against quarterly losses in SPY; the fund employs a portfolio of FLEX options on SPY with quarterly rebalancing and no maturity date, enabling indefinite holding with outcome period resets. Launched on June 30, 2021, BALT forms part of Innovator Capital Management, LLC's suite of Defined Outcome ETFs, which includes Buffer ETFs, Defined Income ETFs, and Defined Protection ETFs focused on risk-managed equity exposure for institutional investors, financial advisors, and individual clients seeking alternatives to bonds or cash amid interest rate and market volatility risks; the ETF maintains a net expense ratio of 0.69% and total net assets exceeding $1.7 billion as of recent data. Headquartered in Wheaton, Illinois, Innovator Capital Management, founded in 2017 by ETF pioneers Bruce Bond and John Southard, pioneered the Defined Outcome ETF category in 2018 and manages over $28 billion in assets across more than 150 ETFs as of late 2025, with primary operations in the United States. In a major strategic development announced on December 1, 2025, Innovator Capital Management entered into a definitive agreement to be acquired by The Goldman Sachs Group, Inc. for approximately $2 billion in a cash-and-stock transaction expected to close in the second quarter of 2026, significantly expanding Goldman Sachs Asset & Wealth Management's ETF offerings in the high-growth defined outcome segment and integrating Innovator's 159 ETFs into its $1.6 trillion platform. This acquisition follows robust institutional interest in BALT, evidenced by hedge fund holdings rising to 196 in Q2 2025 with net capital inflows of $99.3 million and top-10 holders increasing by 55.56% year-over-year, alongside portfolio manager additions such as Rebekah Lipp, Jeff Greco, and Maria Schiopu effective July 18, 2025. The deal underscores Innovator's leadership in options-based strategies providing growth potential with downside protection, positioning BALT as a core defensive equity allocation amid evolving market conditions.