BOUT Fees and Costs — Innovator IBD(R) Breakout Opportunities ETF
Data updated: 2026-03-27
The net expense ratio is 0.80%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $72K in broker commissions, 0.5789% of average net assets, and portfolio turnover was 1668%.
BOUT Fees and Expenses
Annual operating expenses and sales charges of BOUT. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BOUT Costs Over Time
On $10,000 invested in BOUT, assuming 5% a year before costs, total costs come to $856 over 5 years, cutting the return by 1.45% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.80%) | $84 | $261 | $451 |
| Trading costs (broker commissions) | $61 | $189 | $326 |
| Lost growth on money paid in costs | $0 | $22 | $79 |
| Total costs | $145 | $472 | $856 |
| Value after costs | $10,355 | $11,104 | $11,907 |
| Impact on return, per year | 1.45% | 1.45% | 1.45% |
BOUT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.5789%
- Total broker commissions: $72K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1668%
- Securities on loan, average value: $2.2M
- Net income from securities lending: $6K (0.046% of average net assets)
BOUT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| OLD MISSION MARKETS, LLC | $26K | 35.85% |
| WALLACHBETH CAPITAL LLC | $25K | 33.95% |
| SUSQUEHANNA FINANCIAL GROUP, LLP | $17K | 24.13% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $4K | 6.07% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.