Search for an ETF or holding
Innovator U.S. Equity Ultra Buffer ETF - May
UMAY (Innovator U.S. Equity Ultra Buffer ETF - May) is an active Commodities ETF by Innovator. With a 0.79% MER, it provides diversified exposure.
UMAY is actively managed by Innovator's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.79% MER reflects the costs of a more specialized management approach. It does not pay a significant distribution — returns are reinvested for capital growth.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).