Innovator U.S. Equity Accelerated 9 Buffer ETF

Frequently Asked Questions About XBAP

What does XBAP invest in?

The Innovator U.S. Equity Accelerated 9 Buffer ETF is designed to provide investors with double (2x) the upside performance of the SPDR S&P 500 ETF Trust (SPY), subject to an upper limit, while also offering approximately single exposure to any market downturns, all within a specific one-year outcome period. A key feature of this ETF is its embedded protection, safeguarding investors against the first 9% of losses experienced during that same annual cycle. Although its performance targets and downside buffer reset each year at the end of the outcome period, the fund is suitable for continuous, indefinite ownership.

What is the expense ratio of XBAP?

Innovator U.S. Equity Accelerated 9 Buffer ETF (XBAP) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

How big is XBAP?

Innovator U.S. Equity Accelerated 9 Buffer ETF (XBAP) manages $131.6M 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 XBAP actively managed or an index fund?

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

When was XBAP launched?

Innovator U.S. Equity Accelerated 9 Buffer ETF (XBAP) launched in April 2021 and is managed by Innovator.

How has XBAP performed?

XBAP'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.