Innovator Capital Management, LLC (Innovator) announced today that the Innovator IBD® 50 ETF (FFTY) has earned a Morningstar 5-Star Rating out of 18 ETFs based on risk-adjusted returns for the three-year period ending August 31, 2018.
FFTY, which is categorized by Morningstar as a Mid-Cap Growth ETF, has outperformed the Morningstar Mid Growth Index by 4.05% per year1 for the three year period ended August 31, 2018. The Fund returned 14.93% YTD, and has achieved a three-year annualized return of 19.54% (NAV) through August 31, 2018.
“We are very pleased to see the Innovator IBD® 50 ETF (FFTY) achieving a 5-Star Morningstar Rating,” said Bruce Bond, Chief Executive Officer of Innovator. “Investor’s Business Daily has been a great partner for us, and their demonstrated ability for identifying high-quality growth companies continues to resonate with investors.”
FFTY provides exposure to a tactical, high-conviction portfolio of the 50 top-ranked growth stocks according to Investor’s Business Daily’s CAN SLIM® Investing System.
“The IBD® 50 has a long-term record of outperformance since its inception,” added Chris Gessel, Chief Content Officer of IBD. “We are delighted that investors have a convenient way to capitalize on this strategy using the Innovator IBD® 50 ETF.”
The Innovator IBD® 50 ETF tracks the IBD® 50 Index. The CAN SLIM® methodology governing the stock selection of the Index incorporates both fundamental and technical analysis, evaluating current and annual earnings, new products, service or management, stock price performance, leadership, institutional ownership, and the overall market. The Index is reconstituted and rebalanced on a weekly basis and weighted based on the strength of component ratings to maintain the 50 leading growth stocks from a universe of over 7,000 names.
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