Innovator Premium Income 15 Buffer ETF - April (LAPR): ETF
ETF traded on BATS under symbol LAPR. Quoted in usd.
Innovator Premium Income 15 Buffer ETF - April
LAPR provides no upside potential. Instead, it aims for a defined rate of income and downside protection over a one-year period starting each April. The actively managed portfolio consists of i) US Treasurys maturing on each quarterly distribution date and ii) out-of-the-money SPDR S&P 500 ETF Trust (SPY) put FLEX options sold to provide one-to-one downside exposure. The fund invests the net premiums generated from the purchased and sold puts in US Treasurys. At each outcome period, the fund seeks to provide income through a defined distribution rate and a buffer against the first 15% of SPY losses. In exchange for this buffer, investors forgo any upside participation. After the buffer level is breached, investors take on the full downside of the underlying ETF's returns. The fund must be held during the entire return period to pursue intended results. Investors who buy at any other time than the annual reset day may have a different investment return.
Largest holdings
- United States Treasury Bill 03/18/202798.60%
- United States Treasury Bill 11/27/20260.56%
- United States Treasury Bill 12/24/20260.56%
- United States Treasury Bill 01/21/20270.56%
- United States Treasury Bill 02/18/20270.56%
- US BANK MMDA - USBGFS 9 09/01/20370.02%
- Cash & Other-0.09%
- SPY 03/31/2027 552.76 P-0.76%
30d
884
60d
1.36K
90d
1.22K