- What does TAPR invest in?
- The Innovator Equity Defined Protection ETF (TAPR) is structured to mirror the investment returns of the SPDR S&P 500 ETF Trust (SPY). Over a predetermined two-year investment window, this fund aims to safeguard investors by offering full protection against any market downturns, absorbing 100% of potential losses. However, this downside security comes with a corresponding ceiling on gains, meaning its maximum returns are capped. It's important to note that these performance characteristics are stated before any fund-related fees and expenses are deducted.
- What is the expense ratio of TAPR?
- Innovator Equity Defined Protection ETF (TAPR) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is TAPR?
- Innovator Equity Defined Protection ETF (TAPR) manages $10.7M 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 TAPR actively managed or an index fund?
- TAPR is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (TAPR's is 0.79%) because there's no security selection cost.
- When was TAPR launched?
- Innovator Equity Defined Protection ETF (TAPR) launched in April 2025 and is managed by Innovator.
- How has TAPR performed?
- TAPR'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.
