Key stats
About Innovator U.S. Equity Accelerated Plus ETF
Home page
Inception date
Mar 31, 2021
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Innovator Capital Management LLC
Distributor
Foreside Fund Services LLC
ISIN
US45783Y4008
XTAP uses FLEX options in an effort to participate in up to 3x upside price movement of the SPDR S&P 500 ETF (Ticker: SPY) over a one-year period starting each April. The fund caps its upside participation on the price return of SPY. The fund doesnt offer buffer protection and will experience all subsequent losses of SPY on a one-to-one basis. Thus providing leveraged upside potential and single exposure to the downside. The fund aims to provide leverage without having to adjust daily. Investors who buy at any other time than the annual reset day may have very different returns. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the period to achieve the intended results. The targeted caps do not include the funds expense ratio, which will reduce return.
Related funds
Classification
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants99.72%
Cash0.28%
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
XTAP assets under management is 25.66 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
XTAP invests in cash. See more details in our Analysis section.
XTAP expense ratio is 0.79%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, XTAP is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, XTAP doesn't pay dividends to its holders.
XTAP shares are issued by Innovator Capital Management LLC
XTAP follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 31, 2021.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.