TAPR
Innovator Equity Defined Protection ETF – 2 Yr to April 2027·CBOE
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Key Stats
Assets Under Management
10.40MUSD
Fund Flows (1Y)
1.21MUSD
Dividend Yield
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Discount/Premium to NAV
-0.02%
Shares Outstanding
400.00K
Expense Ratio
0.79%
About Innovator Equity Defined Protection ETF – 2 Yr to April 2027
Issuer
Innovator
Brand
Innovator
Inception Date
Mar 31, 2025
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Innovator Capital Management LLC
Distributor
Foreside Fund Services LLC
TAPR invests all its assets in FLEX options. The option positions are structured in a way that aims to provide long exposure to US large-cap stocks, up to a cap, while fully hedging downside risk over a two-year period. The upside cap and hedge are reset every other year, at the beginning of April. Shareholders should note they will not receive any dividends, the objective focuses on potential growth. The specific defined outcome pursued may only be possible if an investor were to hold the shares for the entire outcome period. However, there is no guarantee that the defined outcome of the strategy pursued will be realized by investors. When factoring risks, potential reward, and the all-in costs for such a strategy, TAPR is considered an alternative to more expensive fixed indexed annuities, market linked CDs, holding near-term Treasury, or cash. For comparative purposes, TAPR investors need to double the stated expense ratio of the fund.
Classification
Asset Class
Equity
Category
Size and Style
Focus
Large Cap
Niche
Broad-based
Strategy
Options Collar
Geography
U.S.
Weighting Scheme
Fixed
Selection Criteria
Fixed
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.44% | +0.99% | +0.41% | +6.75% | +6.75% | +6.75% |
NAV Total Return | -0.15% | +1.03% | +0.04% | +0.02% | +0.02% | +0.02% |
Ratings
No data is currently available
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Holdings Analysis
Sector
Technology
33.58%
Financial Services
12.73%
Communication Services
11.16%
Consumer Cyclical
10.60%
Healthcare
9.43%
Industrials
8.18%
Consumer Defensive
5.18%
Energy
3.22%
Utilities
2.25%
Technology
33.58%
Financial Services
12.73%
Communication Services
11.16%
Consumer Cyclical
10.60%
Healthcare
9.43%
Industrials
8.18%
Consumer Defensive
5.18%
Energy
3.22%
Utilities
2.25%
Show more
Asset
Region
99.48%
0.41%
0.12%
Category
Ratio
North America
99.48%
Europe
0.41%
Asia
0.12%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
SPY 03/31/2027 10.07 C
111.52%
SPY 03/31/2027 559.39 P
3.05%
US BANK MMDA - USBGFS 9 09/01/2037
0.22%
Cash & Other
-0.08%
SPY 03/31/2027 645.09 C
-14.71%
Top 10 Weight 100%
5 Total Holdings
Is SPY better than TAPR?
Dividends
No data is currently available
How Much Does TAPR Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy TAPR?
Fund Flows
