Innovator U.S. Equity Accelerated ETF – April

Frequently Asked Questions About XDAP

What does XDAP invest in?

The fund invests at least 80% of its net assets in a portfolio of FLexible EXchange® Options that reference the SPDR® S&P 500® ETF Trust, an exchange-traded fund registered under the Investment Company Act of 1940. FLEX Options are exchange-traded options contracts with uniquely customizable terms. Although guaranteed for settlement by the Options Clearing Corporation, FLEX Options are still subject to counterparty risk with the OCC and may be less liquid than more traditional exchange-traded options. It is non-diversified.

What is the expense ratio of XDAP?

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

How big is XDAP?

Innovator U.S. Equity Accelerated ETF – April (XDAP) manages $7.1M 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 XDAP actively managed or an index fund?

XDAP 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 (XDAP's is 0.79%) because there's no security selection cost.

When was XDAP launched?

Innovator U.S. Equity Accelerated ETF – April (XDAP) launched in April 2021 and is managed by Innovator.

How has XDAP performed?

XDAP'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.