TAPR
Innovator Equity Defined Protection ETF - 2 Yr to April 2027
📎 Investment Objective
The Innovator Equity Defined Protection ETF - 2 Yr to April 2027 (TAPR) seeks to provide investors with exposure to the crypto market while aiming to limit downside risk over a defined 2-year holding period.
Overview
ETF tracking Innovator Equity Defined Protection ETF - 2 Yr to April 2027
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Innovator Equity Defined Protection ETF - 2 Yr to April 2027 (TAPR) seeks to provide investors with exposure to the crypto market while aiming to limit downside risk over a defined 2-year holding period.
🎯 Investment Strategy
TAPR uses a defined outcome strategy, where it purchases a series of options contracts to provide upside exposure to the crypto market while also implementing a downside buffer to limit losses. The fund resets its strategy every two years, providing a new defined outcome period.
✨ Key Features
- Provides exposure to the crypto market with defined downside protection
- Resets its strategy every two years, offering a new defined outcome period
- Aims to limit losses to a predetermined percentage over the defined holding period
- Expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The fund's performance is tied to the crypto market, which can be volatile and subject to significant price swings
- Counterparty risk: The fund's options contracts expose it to the risk of the counterparty being unable to fulfill their obligations
- Liquidity risk: The fund may have difficulty buying or selling certain investments, particularly during periods of market stress
- Defined outcome risk: The fund's downside buffer and upside participation are only valid for the specific two-year holding period
👤 Best For
TAPR may be suitable for investors seeking exposure to the crypto market with defined downside protection, who have a medium-term investment horizon and are comfortable with the risks associated with options-based strategies.