TOCT ETF — Innovator Equity Defined Protection ETF - 2 Yr To October 2027

Innovator Equity Defined Protection ETF - 2 Yr To October 2027 (TOCT)

Updated October 16, 2026.

TOCT is an ETF. its expense ratio is 0.79%. Total return is 3.7% over the past year, 11.7 points behind SPY at 15.4%.

Innovator Equity Defined Protection ETF - 2 Yr To October 2027 is an ETF that invests at least 80% of its net assets in customizable exchange-traded options contracts referencing the SPDR S&P 500 ETF Trust, designed to provide defined downside protection through its October 2027 expiration date. The fund does not currently distribute income, and carries an expense ratio of 0.79%. This ETF appeals to investors seeking equity exposure with built-in protection against significant losses over a defined time period.

TOCT performance versus SPY

Price and return data through 2026-10-16.

Total return is 3.7% over the past year, 11.7 points behind SPY at 15.4%. Its deepest 1-year drawdown was 2.0%.

TOCT key facts

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

09/30/2025

Expense ratio

0.79%

Distribution frequency

None

Last close

$27.37 (as of 2026-10-16)

AUM

$13,738,063

Average volume

222.0

Beta

0.1859

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 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.

TOCT risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 2.0%.

Who may consider TOCT — and who may not

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

More on TOCT

• All tickers starting with T

Tagged: Downside Protection, Options, Target.

Frequently asked questions

More securities from Innovator ETFs.