Innovator U.S. Equity Buffer ETF

Frequently Asked Questions About BAPR

What does BAPR invest in?

The Innovator U.S. Equity Buffer ETF (BAPR) is structured to provide investors with returns tracking the SPDR S&P 500 ETF Trust (SPY). This is achieved with an important dual feature: it shields shareholders from the first 9% of any market declines during its investment cycle, but also sets a predefined ceiling on potential gains. Investors have the flexibility to hold the ETF long-term, as its protective features and maximum return limit are re-established at the conclusion of each approximately annual outcome period.

What is the expense ratio of BAPR?

Innovator U.S. Equity Buffer ETF (BAPR) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BAPR?

Innovator U.S. Equity Buffer ETF (BAPR) manages $404.9M 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 BAPR actively managed or an index fund?

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

When was BAPR launched?

Innovator U.S. Equity Buffer ETF (BAPR) launched in April 2019 and is managed by Innovator.

How has BAPR performed?

BAPR's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.