# Innovator U.S. Equity Ultra Buffer ETF - September (USEP) — Overview

USEP · BATS · Fund

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

## Price

Last close $42.29 on Oct 15, 2026. 52-week range $38.11 – $42.52.

## Fund profile

USEP aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral.

| Metric | Value |
| --- | --- |
| Issuer | Innovator |
| Industry | — |
| Inception | Aug 30, 2019 |
| Assets under management | $237.4M |
| Expense ratio | 0.79% |
| Net asset value | $42.21 (as of Oct 14, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is Innovator U.S. Equity Ultra Buffer ETF - September (USEP)?

USEP aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral.

### What is USEP's expense ratio?

Innovator U.S. Equity Ultra Buffer ETF - September charges an annual expense ratio of 0.79%. The fund is issued by Innovator.

### How large is USEP?

Innovator U.S. Equity Ultra Buffer ETF - September manages $237.4M in assets and has traded since Aug 30, 2019.

### How do I buy shares of Innovator U.S. Equity Ultra Buffer ETF - September (USEP)?

USEP 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.

---

Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

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).