# Innovator Buffer Step-Up Strategy ETF (BSTP) — Overview

BSTP · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/bstp

## Price

Last close $40.47 on Oct 15, 2026. 52-week range $35.30 – $40.73.

## Fund profile

BSTP is actively managed, seeking to provide risk-managed exposure to SPDR S&P 500 ETF Trust (ticker: SPY) through the use of FLEX options. The fund intends to opportunistically reset its portfolio to provide a buffer against the first 9% decline in SPY shares, in exchange for capped upside.

| Metric | Value |
| --- | --- |
| Issuer | Innovator |
| Industry | — |
| Inception | Mar 7, 2022 |
| Assets under management | $59.8M |
| Expense ratio | 0.89% |
| Net asset value | $40.52 (as of Oct 15, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is Innovator Buffer Step-Up Strategy ETF (BSTP)?

BSTP is actively managed, seeking to provide risk-managed exposure to SPDR S&P 500 ETF Trust (ticker: SPY) through the use of FLEX options. The fund intends to opportunistically reset its portfolio to provide a buffer against the first 9% decline in SPY shares, in exchange for capped upside.

### What is BSTP's expense ratio?

Innovator Buffer Step-Up Strategy ETF charges an annual expense ratio of 0.89%. The fund is issued by Innovator.

### How large is BSTP?

Innovator Buffer Step-Up Strategy ETF manages $59.8M in assets and has traded since Mar 7, 2022.

### How do I buy shares of Innovator Buffer Step-Up Strategy ETF (BSTP)?

BSTP trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).