Innovator ETFs: Defined Outcome ETF Caps & Distribution Rates
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CAPS & DISTRIBUTION RATES
ETFs Rebalanced & Listed April 2025
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ETFs Rebalanced & Listed April 2025
Bitcoin ETFs
Ticker   Name Ref. Asset Protection Outcome Period Participation Rate
QBF   Uncapped Bitcoin 20 Floor ETF® Bitcoin 20% Floor 3 months 70%
 
100% Buffer ETFs™
Ticker   Name Ref. Asset Protection Outcome Period Cap
TAPR Listed 4/1! Equity Defined Protection ETF™ SPY 100% Buffer¹ 2 years 15.32%
ZAPR Listed 4/1! Equity Defined Protection ETF™ SPY 100% Buffer¹ 1 year 7.52%
APOC   Equity Defined Protection ETF™ SPY 100% Buffer¹ 6 months 3.73%
 
Quarterly Buffer ETFs™
Ticker   Name Ref. Asset Protection Outcome Period Cap
BALT   Defined Wealth Shield ETF™ SPY 20% Buffer 3 months 2.47%
EALT   U.S. Equity 5 to 15 Buffer ETF™ SPY 10% (-5% to -15%) Buffer 3 months 6.31%
ZALT   U.S. Equity 10 Buffer ETF™ SPY 10% Buffer 3 months 3.77%
QBUF   Nasdaq-100 10 Buffer ETF™ QQQ 10% Buffer 3 months 4.81%
RBUF   U.S. Small Cap 10 Buffer ETF™ IWM 10% Buffer 3 months 5.06%
IBUF   International Developed 10 Buffer ETF™ EFA 10% Buffer 3 months 4.73%
EBUF   Emerging Markets 10 Buffer ETF EEM 10% Buffer 3 months 3.72%
 
Buffer ETFs™
Ticker   Name Ref. Asset Protection Outcome Period Cap
BAPR   U.S. Equity Buffer ETF™ SPY 9% Buffer 12 months 16.12%
PAPR   U.S. Equity Power Buffer ETF™ SPY 15% Buffer 12 months 12.39%
UAPR   U.S. Equity Ultra Buffer ETF™ SPY 30% (-5 to -35%) Buffer 12 months 12.25%
KAPR   U.S. Small Cap Power Buffer ETF™ IWM 15% Buffer 12 months 17.90%
NAPR   Growth-100 Power Buffer ETF™ QQQ 15% Buffer 12 months 15.40%
EAPR   Emerging Markets Power Buffer ETF™ EEM 15% Buffer 12 months 14.69%
IAPR   Intl Developed Power Buffer ETF™ EFA 15% Buffer 12 months 15.79%
TFJL   20+ Year Treasury Bond 5 Floor ETF™ TLT 5% Floor 3 months 25.60%
 
Premium Income ETFs™
Ticker   Name Ref. Asset Protection Outcome Period Defined Distribution Rate
LAPR   Premium Income 15 Buffer ETF™ SPY 15% Buffer 12 months 6.16%
APRH   Premium Income 20 Barrier ETF™ SPX 20% Barrier 12 months 7.41%
APRJ   Premium Income 30 Barrier ETF™ SPX 30% Barrier 12 months 6.09%
 
Accelerated ETFs®
Ticker   Name Ref. Asset Upside/Downside Outcome Period Cap
XBAP   U.S. Equity Accelerated 9 Buffer ETF™ SPY 2x/1x + 9% Buffer 12 months 12.78%
XTAP   U.S. Equity Accelerated Plus ETF® SPY 3x/1x 12 months 16.65%
QTAP   Growth Accelerated Plus ETF® QQQ 3x/1x 12 months 21.15%
XDSQ   U.S. Equity Accelerated ETF® SPY 2x/1x 3 months 7.70%
XDQQ   Growth Accelerated ETF® QQQ 2x/1x 3 months 9.92%
1. Before fees and expenses.
Upside/downside refers to the fund's upside and downside participation levels, to a cap, of the reference asset.
There is no guarantee the funds will achieve their investment objectives. The funds have characteristics unlike other traditional investment products and may not be suitable for all investors. Please see "investor suitability" in the prospectus. Shares purchased after the start of an outcome period may be subject to enhanced risks.
SPX: S&P 500 Price Return Index; SPY: SPDR® S&P 500® ETF Trust; QQQ: Invesco QQQ Trust; IWM: iShares Russell 2000 ETF; EFA: iShares MSCI EAFE ETF; EEM: iShares MSCI Emerging Markets ETF; TLT: iShares 20+ Year U.S. Treasury ETF