Premium Income 10 Barrier ETF
OCTD
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 - Income
- Address
- 109 N. Hale Street Wheaton IL United States of America 60187
- IPO Date
- Oct 2, 2023
- Similar Companies
- Business
- Innovator Premium Income 10 Barrier ETF - October (OCTD) is an exchange-traded fund that seeks to deliver a defined distribution rate of income over an approximately one-year Outcome Period while providing a 10% barrier against losses of the S&P 500 Price Return Index; the fund achieves this strategy by selling and purchasing FLEX Options referencing the index, including sold put options at a 90% strike and purchased put options at an 89% strike, paired with investments in U.S. Treasury bills maturing at the end of the Outcome Period. Quarterly distributions aim to reflect the Defined Distribution Rate, currently 8.29% before fees (net expense ratio of 0.79%), with the current Outcome Period running from October 1, 2025, to September 30, 2026; outcomes are realized only for shares held for the full period, exposing investors to full index losses exceeding the barrier, without upside participation or dividend reinvestment from the index constituents. Launched on September 30, 2023, and listed on Cboe BZX on October 2, 2023, the ETF forms part of Innovator ETFs Trust, managed by Innovator Capital Management, LLC, and co-managed by Milliman Financial Risk Management LLC, targeting investors seeking tax-efficient, liquid income with defined downside protection in the U.S. large-cap equity and fixed-income markets. The fund operates within the defined outcome ETF segment, serving financial advisors, institutions, and retail investors focused on risk-managed equity exposure. 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 cash and stock, a transaction expected to close in the second quarter of 2026 pending regulatory approvals, significantly expanding Goldman Sachs Asset Management's active ETF capabilities to over 215 strategies and $75 billion in assets. This acquisition follows Innovator's growth to managing $28 billion across 159 defined outcome ETFs as of September 30, 2025, reinforcing its leadership in buffer, income, and growth strategies amid rising demand for outcome-oriented products. Earlier in 2025, on August 26, Innovator announced the planned closure and liquidation of OCTD effective October 7, 2025, alongside related products like the Premium Income 9 Buffer ETF - October (HOCT), with final trading on October 1, 2025, and distributions on September 30, 2025, reflecting portfolio optimization amid the impending ownership transition; however, new Outcome Periods typically roll annually with fresh FLEX Options unless terminated. Innovator Capital Management, founded in 2017 and headquartered at 200 W. Front Street in Wheaton, Illinois, pioneered Defined Outcome ETFs and maintains U.S.-focused operations through its suite of premium income barrier and buffer strategies.