LAPR was created on 2024-04-01 by Innovator. The fund's investment portfolio concentrates primarily on income alternatives. LAPR seeks to provide a consistent income stream and a limited protective buffer against the first 15% of SPDR S&P 500 ETF Trust (SPY) losses. The exposure resets each year in April. The actively managed fund holds a package of SPDR S&P 500 ETF Trust FLEX options and US Treasurys.
