Innovator Premium Income 20 Barrier ETF
OCTH
Chicago Board Options Exchange- -
USD
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- -
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
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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
- Website
- innovatoretfs.com
- Similar Companies
- Business
- Innovator Premium Income 20 Barrier ETF - October (OCTH) is an actively managed exchange-traded fund that seeks to provide investors with a high level of income through a Defined Distribution Rate while offering a 20% barrier against losses in the S&P 500 Price Return Index (U.S. Equity Index) over each one-year Outcome Period, typically from October 1 to September 30; the fund achieves this by investing primarily in U.S. Treasury bills and a package of FLEX Options, including selling put FLEX Options at approximately 80% and buying put FLEX Options at approximately 79% of the U.S. Equity Index value at the start of the period, with net premiums from these options invested in U.S. Treasuries to support quarterly distributions. If the U.S. Equity Index experiences losses less than the 20% barrier at the end of the Outcome Period, the fund aims to return the original net asset value plus the Defined Distribution Rate, recently set at 7.29% prior to fees for the October 1, 2025 to September 30, 2026 period; losses exceeding the barrier result in corresponding declines reflecting index performance beyond that level, net of the distribution. Launched on September 29, 2023, and domiciled in the United States with shares listed on the Cboe BZX Exchange, the ETF targets investors seeking income and downside protection in the defined outcome segment of the ETF market, with total net assets of approximately $18-20 million and a net expense ratio of 0.79%. Innovator Capital Management, LLC, the fund's investment adviser founded in 2017 and headquartered in Wheaton, Illinois, issues OCTH as part of its extensive suite of defined outcome ETFs, which emphasize income, buffer, and growth strategies. The firm operates globally but focuses on U.S. investors through its actively managed products, with portfolio management handled by a team including Robert Cummings since inception, alongside Rebekah Lipp, Jeff Greco, and Maria Schiopu since July 2025. In a major strategic development announced on December 1, 2025, Innovator Capital Management entered into a definitive agreement to be acquired by Goldman Sachs for approximately $2 billion in cash and equity, subject to regulatory approval and performance targets, with the transaction expected to close in the second quarter of 2026; this deal will integrate Innovator's $28 billion in assets across 159 ETFs into Goldman Sachs Asset Management, significantly expanding its active ETF offerings in the high-growth defined outcome category. No other recent partnerships, funding rounds, new product launches specific to OCTH, or operational changes for the fund itself have been reported in the past 1-2 years.