NBFR ETF — Innovator Nasdaq-100 Managed 10 Buffer ETF

Innovator Nasdaq-100 Managed 10 Buffer ETF (NBFR)

Updated October 16, 2026.

NBFR is an ETF. its trailing-12-month yield is 0.02%, its expense ratio is 0.79%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 4.1% over the past 0.6 years, 7.8 points behind SPY at 11.9%.

Innovator Nasdaq-100 Managed 10 Buffer ETF is an actively managed fund that seeks capital appreciation through exposure to large-cap U.S. equities—primarily Nasdaq-100 securities and related options—while employing a buffer strategy designed to limit downside losses. The fund has a very modest current distribution rate and pays distributions quarterly, though its latest payout was special and may not recur regularly. With an expense ratio of 0.79%, it appeals to equity investors seeking growth with downside protection rather than traditional income generation.

NBFR performance versus SPY

Price and return data through 2026-10-16.

Total return is 4.1% over the past 0.6 years, 7.8 points behind SPY at 11.9%.

NBFR key facts

Distribution Safety Score™

50 · Unproven

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

02/23/2026

Expense ratio

0.79%

Distribution frequency

Quarterly

Trailing yield

0.02%

Last close

$26.32 (as of 2026-10-16)

AUM

$20,396,743

Average volume

1082.0

Dividend

$0.006

Ex-dividend date

03/31/2026

Payment date

04/01/2026

Beta

0.9685

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.02%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Innovator ETFs; 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.

NBFR risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window.

Who may consider NBFR — and who may not

It is a weaker fit for investors who need monthly cash flow (NBFR pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on NBFR

• All tickers starting with N

Tagged: Downside Protection, Options, Target, Nasdaq100.

Frequently asked questions

More securities from Innovator ETFs.