ETF Education Report: Innovator International Developed Power Buffer ETF - May (IMAY)

What this ETF is trying to do

This ETF, known by its ticker symbol IMAY, is an exchange-traded fund listed on the NYSE. While the specific investment strategy is not detailed in the provided data, ETFs like this are generally designed to provide exposure to certain market sectors or use specific strategies to manage risk.

What the numbers show

The current price of one share is approximately $32.54. Looking back at history, we can look at an estimated price from roughly one year ago, which was approximately $28.42.

When looking at how the share price has moved, we see two different measurements:

• One-year price return: The share price increased by approximately 14.51% over the last year.

• Year-to-date (YTD) price return: Since the start of this year, the share price has increased by approximately 8.84%.

Because the total return data provided is the same as the price return data, it shows that the overall return for the year-to-date period was also approximately 8.84%. This means the total return reflects the movement of the share price.

Income and distribution explanation

Some investors look for ETFs that pay out regular cash, known as distributions. For this ETF, the distribution yield is 0.00%. The data shows no distributions were detected over the last 12 months. This means the fund has not been providing cash income to shareholders during this period.

NAV erosion explanation

"NAV" stands for Net Asset Value, which is the actual value of the assets held by the fund. "NAV erosion" is a term used when the value of those underlying assets declines significantly.

For IMAY, the erosion-risk score is 100, and the label indicates "No price erosion detected." The erosion severity is described as "good," and there is no severe erosion-risk flag. This suggests that the fund's price movement has not shown signs of the type of deterioration that triggers these specific risk measurements.

Pros

• The ETF has shown positive share-price growth over both a one-year period and the current year-to-date.

• The erosion-risk measurements suggest a stable price history without detected erosion.

Cons

• This ETF does not currently provide cash distributions or income based on the supplied data.

• There is no information provided regarding the specific companies held within the fund's portfolio.

Beginner takeaway

When looking at an ETF, it is important to distinguish between the share price and the total return. The share price tells you how much the cost of one share has changed, while the total return includes both price changes and any cash distributions received. In this case, the growth seen in IMAY came from the increase in the share price itself.