Innovator U.S. Equity Power Buffer ETF

Frequently Asked Questions About PAPR

What does PAPR invest in?

The Innovator U.S. Equity Power Buffer ETF (PAPR) is engineered to mirror the performance of the SPDR S&P 500 ETF Trust (SPY), albeit with its maximum gains limited by a preset ceiling. Concurrently, it shields investors from the first 15% of potential market losses over a defined period. This ETF is designed for continuous investment, as its protective buffer and growth cap are recalibrated at the conclusion of each approximately annual cycle.

What is the expense ratio of PAPR?

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

How big is PAPR?

Innovator U.S. Equity Power Buffer ETF (PAPR) manages $950.5M 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 PAPR actively managed or an index fund?

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

When was PAPR launched?

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

How has PAPR performed?

PAPR'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.