SPUT ETF — Innovator Premium Income - Daily Putwrite ETF

Innovator Premium Income - Daily Putwrite ETF (SPUT)

Updated October 16, 2026.

SPUT is an ETF that tracks the Basket (Innovator S&P 500 Power Buffer ETF holdings). its distribution rate is 3.44%, its trailing-12-month yield is 4.72%, its expense ratio is 0.79%. Dividend Vision Distribution Safety Score™ is 61/100 (Generally safe). Total return is 22.9% over the past 1.6 years, 15.4 points behind SPY at 38.3%.

Innovator Premium Income - Daily Putwrite ETF is an actively managed fund that pursues current income and capital appreciation through daily put-write option strategies on S&P 500 exposure, primarily using single-day expiration puts via Equity-Linked Notes. The fund distributes income monthly at a current distribution rate in the mid-single-digit range and carries an expense ratio of 0.79%. It appeals to income-focused investors seeking regular distributions alongside equity market exposure, though the strategy and recent inception warrant understanding of its options-based mechanics and performance track record.

SPUT performance versus SPY

Price and return data through 2026-10-16.

Total return is 22.9% over the past 1.6 years, 15.4 points behind SPY at 38.3%. Over the past year its total return — price change plus distributions reinvested — is 12.2%. Its deepest 1-year drawdown was 3.8%.

SPUT key facts

Distribution Safety Score™

61 · Generally safe

Safety-Adjusted Yield

2.10%

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

05/21/2024

Expense ratio

0.79%

Distribution rate

3.44%

Distribution frequency

Monthly

Trailing yield

4.72%

Last close

$28.63 (as of 2026-10-16)

AUM

$17,206,650

Average volume

767.0

Dividend

$0.082

Ex-dividend date

09/30/2026

Payment date

10/02/2026

Beta

0.5814

How Dividend Vision calculates yield and returns

Distribution rate (3.44%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.72%) 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 or company page; Index: Basket (Innovator S&P 500 Power Buffer ETF holdings); 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.

SPUT risks and drawbacks

SPUT's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 3.8%.

Who may consider SPUT — and who may not

SPUT may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for 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.

More on SPUT

• All tickers starting with S

Tagged: Basket, Downside Protection, Options, S&P500.

Frequently asked questions

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