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Beacon

LAPRInnovator Premium Income 15 Buffer ETF - April

Grow my money2y track recordRanked #2,707 of 2,966 in this goal

Seeks to provide a high level of income through a Defined Distribution Rate of 6.16% while providing a buffer against the first 15% of SPDR S&P 500 ETF losses.

By Innovator ETFs · Launched 2024

Annual Cost

0.79%

#4,052 of 5,568 · expensive

Fund Size

$11M

#4,700 of 5,568 · small

Return (1Y)Goal

+6.9%

Track Record

2 years

#3,510 of 5,568 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,688+6.9%

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

Classification

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 4 holdings = 100.5% of fundconcentrated

TREASURY BILL
99.7%
US BANK MMDA - USBGFS 9
0.5%
TREASURY BILL
0.4%
N/A
-0.1%

Asset allocation

Bonds
99.7%
Cash
1.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
1.2%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

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide a high level of income through a Defined Distribution Rate of 6.16% while providing a buffer against the first 15% of SPDR S&P 500 ETF losses.
Strategy
Invests primarily in U.S. Treasury bills and FLEX Options referencing the SPDR S&P 500 ETF to provide a 6.16% Defined Distribution Rate and a 15% buffer against losses during 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

Buffer ETF — downside protection at a cost

Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.

Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)

Why we flagged this: strategy=structured_outcome + structured_outcome_strategy

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 2026-06-20