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Beacon

LAPRInnovator Premium Income 15 Buffer ETF - April

Grow my money2y track recordRanked #2,707 of 2,999 in this goal

Seeks to provide a high level of income with a 15% buffer against SPY losses over the Outcome Period from April 1, 2026 to March 31, 2027.

By Innovator ETFs · Launched 2024

Annual Cost

0.79%

#4,215 of 5,861 · expensive

Fund Size

$11M

#4,834 of 5,861 · small

Return (1Y)Goal

+6.5%

Track Record

2 years

#3,421 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,647+6.5%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 101.2% of fundconcentrated

TREASURY BILL
96.2%
US BANK MMDA - USBGFS 9
0.6%
TREASURY BILL
0.6%
TREASURY BILL
0.6%
TREASURY BILL
0.5%
TREASURY BILL
0.5%
TREASURY BILL
0.5%
TREASURY BILL
0.5%
TREASURY BILL
0.5%
TREASURY BILL
0.5%

Asset allocation

Bonds
99.5%
Cash
1.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
1.4%Low

Year-on-year price swings

Max drawdown
-3.8%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide a high level of income with a 15% buffer against SPY losses over the Outcome Period from April 1, 2026 to March 31, 2027.
Strategy
Invests primarily in U.S. Treasuries and sells put FLEX Options on the SPDR S&P 500 ETF to generate income and provide a buffer against the first 15% of losses. The Defined Distribution Rate is set at 7.57% for the Outcome Period.
Inception date
March 28, 2024
Fund family
Innovator ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

You can build this cheaper yourself

Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.

Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04