Innovator Premium Income 40 Barrier ETF - April

Frequently Asked Questions About APRQ

What does APRQ invest in?

The fund invests at least 80% of its net assets in U.S. Treasury bills (the “U.S. Treasuries”) and FLexible EXchange® Options (“FLEX Options”) that are based on the value of a broad-based U.S. equity index, such as the S&P 500® Price Return Index (the “U.S. Equity index”). FLEX options are exchange-traded option contracts with uniquely customizable terms. The fund is non-diversified.

What is the expense ratio of APRQ?

Innovator Premium Income 40 Barrier ETF - April (APRQ) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

What is APRQ's distribution yield?

APRQ's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.

How does APRQ's covered-call strategy work?

APRQ sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is APRQ?

Innovator Premium Income 40 Barrier ETF - April (APRQ) manages $19.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is APRQ actively managed or an index fund?

APRQ's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.