RFLR Fees and Costs — Innovator U.S. Small Cap Managed Floor ETF
Data updated: 2026-09-28
The net expense ratio is 0.89%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0654% of average net assets, and portfolio turnover was 32%.
RFLR Fees and Expenses
Annual operating expenses and sales charges of RFLR. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.89% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.89% |
| Fee waiver | — |
| Net expense ratio | 0.89% |
| 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 |
RFLR Costs Over Time
On $10,000 invested in RFLR, assuming 5% a year before costs, total costs come to $598 over 5 years, cutting the return by 1.00% 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 0.89%) | $93 | $292 | $506 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $329 | $598 |
| Value after costs | $10,400 | $11,248 | $12,165 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
RFLR 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): 0.0654%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $13
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $926K
- Net income from securities lending: $15K (0.085% of average net assets)
RFLR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $7K | 62.79% |
| SG AMERICAS SECURITIES, LLC | $4K | 33.39% |
| PIPER SANDLER & CO. | $422 | 3.72% |
| LOOP CAPITAL MARKETS LLC | $6 | 0.06% |
| SIGMA FINANCIAL CORPORATION | $4 | 0.04% |
| INSTINET LLC | $1 | 0.00% |
RFLR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PROFESSIONAL CLEARING CORP | $13 | 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.