# Innovator U.S. Equity Accelerated Plus ETF (XTAP): ETF Facts & Distributions

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- Issuer: Innovator · Asset class: Equity
- Strategy: Actively Managed · Inception: 2021-04-01

The Innovator U.S. Equity Accelerated Plus ETF aims to deliver enhanced exposure to the S&P 500 index. Specifically, it is structured to provide three times (3x) the positive returns of the SPDR S&P 500 ETF Trust (SPY), though these gains are subject to a predefined maximum or "cap." Conversely, it strives to maintain a downside risk profile that is roughly equivalent to that of the underlying index, targeting approximately one-to-one exposure to losses. These specific performance objectives are measured and reset at the end of each annual period. Investors are able to hold this ETF for an...

## Key Facts

| Metric | Value |
|---|---|
| Price | $47.13 |
| Expense Ratio | 0.79% |
| Assets Under Management | $18.8M |
| NAV | $47.04 |
| Holdings Count | 5 |
| Distribution Yield (TTM) | — |
| Annual Distribution (TTM) | — /share |
| Distribution Frequency | — |
| 52-Week Range | $39.49 – $47.15 |
| Beta | 0.48 |

## Frequently Asked Questions

### What does XTAP invest in?

The Innovator U.S. Equity Accelerated Plus ETF aims to deliver enhanced exposure to the S&P 500 index. Specifically, it is structured to provide three times (3x) the positive returns of the SPDR S&P 500 ETF Trust (SPY), though these gains are subject to a predefined maximum or "cap." Conversely, it strives to maintain a downside risk profile that is roughly equivalent to that of the underlying index, targeting approximately one-to-one exposure to losses. These specific performance objectives are measured and reset at the end of each annual period. Investors are able to hold this ETF for an extended duration, with its investment characteristics recalibrating annually.

### What is the expense ratio of XTAP?

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

### How big is XTAP?

Innovator U.S. Equity Accelerated Plus ETF (XTAP) manages $18.8M 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 XTAP actively managed or an index fund?

XTAP is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (XTAP's is 0.79%) in exchange for the discretion to over- or under-weight positions.

### When was XTAP launched?

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

### How has XTAP performed?

XTAP'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.

### Does XTAP pay a dividend?

Innovator U.S. Equity Accelerated Plus ETF (XTAP) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab.

### How often does XTAP pay dividends?

Innovator U.S. Equity Accelerated Plus ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is XTAP's dividend yield?

XTAP's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price.

### When is XTAP's next ex-dividend date?

XTAP hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page.

### How much will XTAP's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 0.79% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does XTAP charge its expense ratio?

The expense ratio is deducted in tiny daily slices from XTAP's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does XTAP cost more than a fund like VOO?

XTAP is actively managed (current expense ratio 0.79%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether XTAP's fee is competitive for the active-management cohort.

### Are there cheaper alternatives to XTAP?

The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as XTAP (0.79%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/xtap
- Distribution history: https://www.dividenddata.com/funds/xtap/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/xtap/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/xtap/expenses
- Peer comparison: https://www.dividenddata.com/funds/xtap/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.