BOUT: Innovator IBD(R) Breakout Opportunities ETF
Innovator IBD(R) Breakout Opportunities ETF (BOUT)
The Innovator IBD(R) Breakout Opportunities ETF (ticker: BOUT) is an exchange-traded fund listed on the NYSE. This ETF focuses on specific investment opportunities based on breakout strategies.
What this ETF is trying to do
BOUT is designed to capture market opportunities through a specific breakout strategy. It holds a variety of different companies, with 108 total holdings reported. Because the list provided is partial, we can only see the largest positions in the portfolio.
Top Holdings:
• BWX Technologies Inc (1.82%)
• Roblox Corp (1.77%)
• Sportradar Group AG (1.72%)
• Microsoft Corp (1.70%)
• Charles Schwab Corp (1.69%)
• Ensign Group Inc (1.69%)
• Autodesk Inc (1.68%)
• Intuit Inc (1.68%)
• Kyndryl Holdings Inc (1.67%)
• Snowflake Inc (1.67%)
Please note that holdings can change over time.
What the numbers show
When looking at how this ETF has performed, it is important to distinguish between price return (the change in the share price) and total return (which includes distributions).
• Year-to-Date (YTD): The YTD price return is approximately 18.92%. The YTD total return is also approximately 18.92%.
• One-Year: The one-year price return was approximately 10.53%, while the one-year total return was approximately 10.91%.
• Three-Year: The three-year price return was approximately 42.01%, and the three-year total return was approximately 45.23%.
• Five-Year: The five-year total return was approximately 26.61%.
Based on an estimated price from roughly one year ago of $39.06, the current price is $43.17.
Income and distribution explanation
This ETF provides a small amount of cash through distributions. The distribution yield is approximately 0.29%. The trailing distributions were $0.1249.
The distribution frequency is described as "irregular or less frequent," with only one payout recorded in the last 12 months. Because the yield is relatively low, this ETF is not primarily focused on providing high levels of regular income.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the fund's assets). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, regarding price-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Pros
• Positive Returns: The ETF has shown positive price and total returns over the one-year, three-year, and five-year periods.
• Low Erosion Risk: Based on the supplied erosion score, there are no signs of significant price deterioration.
Cons
• Low Distribution Frequency: The distributions are irregular and infrequent, which may not suit investors looking for steady, predictable cash flow.
• Partial Data: The list of holdings is only a partial view of the full portfolio.
Beginner takeaway
BOUT has shown growth in both its share price and total return over several years. While it does pay distributions, the yield is low and the payments do not happen on a regular schedule. Investors should remember that price returns and total returns are different, and total return is the more complete measure of performance.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | BWX TECHNOLOGIES INC | BWXT | 1.82% |
| 2 | ROBLOX CORP ORDINARY SHARES CLASS A | RBLX | 1.77% |
| 3 | SPORTRADAR GROUP AG CLASS A | SRAD | 1.72% |
| 4 | MICROSOFT CORP | MSFT | 1.70% |
| 5 | CHARLES SCHWAB CORP | SCHW | 1.69% |
| 6 | ENSIGN GROUP INC | ENSG | 1.69% |
| 7 | AUTODESK INC | ADSK | 1.68% |
| 8 | INTUIT INC | INTU | 1.68% |
| 9 | KYNDRYL HOLDINGS INC ORDINARY SHARES | KD | 1.67% |
| 10 | SNOWFLAKE INC ORDINARY SHARES CLASS A | SNOW | 1.67% |