QFLR was created on 2024-01-25 by Innovator. The fund's investment portfolio concentrates primarily on downside hedge alternatives. The ETF currently has 437.8m in AUM and 47 holdings. QFLR aims to participate in 70% of the upside moves in the NASDAQ-100, while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered three-month expiration dates to target a maximum loss of approximately 8-12% on a rolling 12-month basis.