LVHB Fees and Costs — Innovator Laddered Fund of S&P 500 Power Buffer ETFs
Data updated: 2021-09-28
The net expense ratio is 0.99%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $287K in broker commissions, 0.3166% of average net assets.
LVHB Fees and Expenses
Annual operating expenses and sales charges of LVHB. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| 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 |
LVHB Costs Over Time
On $10,000 invested in LVHB, assuming 5% a year before costs, total costs come to $812 over 5 years, cutting the return by 1.37% 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 0.99%) | $104 | $323 | $559 |
| Trading costs (broker commissions) | $33 | $103 | $179 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $137 | $448 | $812 |
| Value after costs | $10,363 | $11,128 | $11,951 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
LVHB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.3166%
- Total broker commissions: $287K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $15.6M
- Net income from securities lending: $45K (0.050% of average net assets)
LVHB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $287K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.