SPUT ETF — Innovator Premium Income - Daily Putwrite ETF

Innovator Premium Income - Daily Putwrite ETF (SPUT)

SPUT is an ETF that tracks the Basket (Innovator S&P 500 Power Buffer ETF holdings). As of August 19, 2026, its distribution rate is 3.31%, its trailing-12-month yield is 4.86%, its expense ratio is 0.79%. Dividend Vision Distribution Safety Score™ is 70/100 (Generally safe). Fund total return is 22.2% over the past 1.4 years, 16.5 points behind SPY at 38.7%.

At the current 3.31% distribution rate, a $10,000 investment would generate approximately $331 per year, or $27.58 per month on an equivalent basis.

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

Data as of August 19, 2026.

Fund total return is 22.2% over the past 1.4 years, 16.5 points behind SPY at 38.7%. Its deepest 1-year drawdown was 3.8%.

SPUT key facts

Data as of August 19, 2026.

Distribution Safety Score™

70 · Generally safe

Safety-Adjusted Yield

2.32%

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

05/21/2024

Expense ratio

0.79%

Distribution rate

3.31%

Distribution frequency

Monthly

Trailing yield

4.86%

Last close

$28.65

AUM

$17,266,936

Average volume

541.0

Last dividend

$0.0790

Ex-dividend date

07/31/2026

Payment date

08/03/2026

Beta

0.5814

P/E ratio

25.9183

How Dividend Vision calculates yield and returns

Distribution rate (3.31%) 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 (4.86%) 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: 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.

Frequently asked questions

More funds from Innovator ETFs.