XBAPInnovator U.S. Equity Accelerated 9 Buffer ETF - April
XBAP Fund Description
XBAP aims for 2x the price return of the SPDR S&P 500 ETF (SPY), subject to an upside return cap and downside buffer over a specific holdings period.
XBAP Factset Analytics Insight
XBAP uses FLEX options, in an effort to participate in up to 2x upside price movement of the SPDR S&P 500 ETF (Ticker: SPY) over a one-year period starting each April. The fund foregoes some upside return as well as dividend payments made by SPY. In exchange for preventing realization of the first 9% of SPYs losses, investors forego upside participation above a certain threshold, which is reset annually. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the period to achieve the intended results. The targeted cap and buffers do not include the fund’s expense ratio.
XBAP Summary Data
XBAP Portfolio Data
XBAP Index Data
XBAP Portfolio Management
XBAP Tax Exposures
XBAP Fund Structure
XBAP Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of XBAP. XBAP is rated a N/A out of 5.
XBAP Top 10 Holdings
XBAP Economic Development
XBAP Performance Statistics
XBAP Benchmark Comparison Summary
XBAP Benchmark Comparison Market Cap Size
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.