ATLASInnovator U.S. Equity Power Buffer ETF - September (PSEP): outlook, holdings and fees
Innovator U.S. Equity Power Buffer ETF - September (PSEP) is an exchange-traded fund and is managed by Innovator ETFs. The expense ratio is 0.79% and the yield is 0.00%. The ten largest holdings are 37% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on PSEP
| Last price | $46.76 (-0.9%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 63% |
| Likely 1-month range (50%) | $46.46 – $47.60 |
| Normal 1-day range (±1σ) | ±0.4% |
| Distribution yield | 0.00% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
PSEP fund facts
| Issuer | Innovator ETFs |
|---|---|
| Theme | Buffered (defined outcome) |
| Assets under management | $1.2B |
| Expense ratio | 0.79% |
| Number of holdings | 48 |
| Portfolio turnover | 0% |
| Inception | Aug 30, 2019 |
| Exchange | CBOE |
The fund invests at least 80% of its net assets in FLexible EXchange® Options (FLEX Options) that reference the SPDR® S&P 500® ETF Trust. FLEX Options are exchange-traded options contracts with uniquely customizable terms. It is non-diversified.
PSEP top holdings
| Holding | Sector | Weight |
|---|---|---|
| NVIDIA Corporation NVDA | Technology | 7.72% |
| Apple Inc. AAPL | Technology | 7.22% |
| Microsoft Corporation MSFT | Technology | 5.89% |
| Amazon.com Inc AMZN | Consumer Cyclical | 3.70% |
| Alphabet Inc Class A GOOGL | Communication Services | 2.83% |
| Broadcom Inc AVGO | Technology | 2.35% |
| Alphabet Inc Class C GOOG | Communication Services | 2.44% |
| Meta Platforms Inc. META | Communication Services | 2.22% |
| Micron Technology Inc MU | Technology | 1.59% |
| Tesla Inc TSLA | Consumer Cyclical | 1.53% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
PSEP sector breakdown
| Sector | Weight |
|---|---|
| Technology | 41.2% |
| Financial Services | 11.4% |
| Communication Services | 9.5% |
| Healthcare | 8.9% |
| Consumer Cyclicals | 8.7% |
| Industrials | 7.3% |
| Consumer Defensive | 4.5% |
| Energy | 3.5% |
| Utilities | 1.9% |
| Real Estate | 1.6% |
| Basic Materials | 1.6% |
By region: North America 99.5%, Europe Developed 0.3%.
PSEP returns and risk
| Year to date | +8.8% |
|---|---|
| 1 year | +11.5% |
| 3 years (annualised) | +13.5% |
| 5 years (annualised) | +10.0% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 6.2% |
| Sharpe ratio (3 years) | 1.35 |
Past returns do not guarantee future results.
PSEP: frequently asked questions
What does PSEP invest in?
Innovator U.S. Equity Power Buffer ETF - September invests in a portfolio of securities. Its largest holdings are NVIDIA Corporation (7.7%), Apple Inc. (7.2%), Microsoft Corporation (5.9%), Amazon.com Inc (3.7%), Alphabet Inc Class A (2.8%).
What is the PSEP expense ratio?
0.79% a year: about $79.00 for every $10,000 invested.
What is the PSEP dividend yield?
0.00%. ATLAS does not hold the exact distribution dates for ETFs.
Will PSEP go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 63%, with a likely range (50%) of $46.46 to $47.60 from $46.76 today. It is a probability, not a prediction.
How has PSEP performed?
Year to date +8.8%, one year +11.5%, three years +13.5% a year, five years +10.0% a year. Past returns do not guarantee future results.
Similar ETFs: Buffered (defined outcome)
- FT Vest Laddered Buffer ETF (BUFR)
- Innovator Defined Wealth Shield ETF (BALT)
- FT Vest Laddered Deep Buffer ETF (BUFD)
- FT Vest Laddered Nasdaq Buffer ETF (BUFQ)
- Innovator U.S. Equity Power Buffer ETF - January (PJAN)
- FT Vest Laddered Moderate Buffer ETF (BUFZ)
- Innovator Laddered Allocation Buffer ETF (BUFF)
- Innovator U.S. Equity Power Buffer ETF - October (POCT)
Educational information, not investment advice. Disclaimer