BALT ETF — Innovator Defined Wealth Shield ETF

Innovator Defined Wealth Shield ETF (BALT)

BALT is an ETF that tracks the S&P 500 (via SPY). As of August 19, 2026, its distribution rate is 0.00%, its expense ratio is 0.69%. Fund total return is 34.9% over the past 5.1 years, 55.9 points behind SPY at 90.8%.

Innovator Defined Wealth Shield ETF is an ETF that seeks to deliver S&P 500 returns up to a capped level while providing a 20% downside buffer over quarterly outcome periods, using options strategies overlaid on SPY exposure. The fund does not distribute income, carries an expense ratio of 0.69%, and appeals to equity investors seeking downside protection in exchange for capped upside potential.

BALT performance versus SPY

Data as of August 19, 2026.

Fund total return is 34.9% over the past 5.1 years, 55.9 points behind SPY at 90.8%. Its deepest 1-year drawdown was 1.2%.

BALT key facts

Data as of August 19, 2026.

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

07/01/2022

Expense ratio

0.69%

Distribution rate

0.00%

Distribution frequency

None

Last close

$34.70

AUM

$2,811,519,763

Average volume

357111.0

Beta

0.18

P/E ratio

25.4547

How Dividend Vision calculates yield and returns

Distribution rate (0.00%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Innovator ETFs fund page; Index: S&P 500 (via SPY); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BALT risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 1.2%.

Who may consider BALT — and who may not

It is a weaker fit for investors who need monthly cash flow (BALT does not currently distribute); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Innovator ETFs.