Innovator ETFs: Defined Outcome ETF Caps & Rates
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CAPS & RATES
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ETFs Rebalancing April 2026
Dual Directional ETFs
Ticker   Name Ref. Asset Inverse Cap/Buffer Outcome Period Cap
DDTA Listed 4/1 Equity Dual Directional 10 Buffer ETF™ S&P 500 10% 1 Year 16.46%
DDFA Listed 4/1 Equity Dual Directional 15 Buffer ETF™ S&P 500 15% 1 Year 13.36%
DDNQ Growth-100 Dual Directional 5 Buffer ETF™ QQQ 5% Buffer 3 Months 6.92%
DDSQ Equity Dual Directional 5 Buffer ETF™ S&P 500 5% Buffer 3 Months 5.59%
100% Buffer ETFs™
Ticker   Name Ref. Asset Protection¹ Outcome Period Cap
APOC Equity Defined Protection ETF® S&P 500 100% Buffer 6 Months 3.43%
ZAPR Equity Defined Protection ETF® S&P 500 100% Buffer 1 Year 7.28%
AAPR Equity Defined Protection ETF® S&P 500 100% Buffer 2 Years 15.73%
Quarterly Buffer ETFs™
Ticker   Name Ref. Asset Protection¹ Outcome Period Cap
BALT Defined Wealth Shield ETF S&P 500 20% Buffer 3 Months 2.60%
EALT U.S. Equity 5 to 15 Buffer ETF™ S&P 500 10% (-5 to -15%) Buffer 3 Months 6.62%
ZALT U.S. Equity 10 Buffer ETF™ S&P 500 10% Buffer 3 Months 4.36%
EBUF Emerging Markets 10 Buffer ETF™ EEM 10% Buffer 3 Months 7.99%
IBUF International Developed 10 Buffer ETF™ EFA 10% Buffer 3 Months 7.19%
QBUF Nasdaq-100 10 Buffer ETF™ QQQ 10% Buffer 3 Months 5.42%
RBUF U.S. Small Cap 10 Buffer ETF™ IWM 10% Buffer 3 Months 6.43%
Buffer & Floor ETFs
Ticker   Name Ref. Asset Protection¹ Outcome Period Cap
BAPR U.S. Equity Buffer ETF™ S&P 500 9% Buffer 1 Year 18.49%
PAPR U.S. Equity Power Buffer ETF™ S&P 500 15% Buffer 1 Year 13.98%
UAPR U.S. Equity Ultra Buffer ETF™ S&P 500 30% (-5 to -35%) Buffer 1 Year 13.03%
IAPR Intl Developed Power Buffer ETF™ EFA 15% Buffer 1 Year 16.99%
EAPR Emerging Markets Power Buffer ETF™ EEM 15% Buffer 1 Year 24.19%
KAPR U.S. Small Cap Power Buffer ETF™ IWM 15% Buffer 1 Year 20.47%
NAPR Growth-100 Power Buffer ETF™ QQQ 15% Buffer 1 Year 17.23%
TFJL 20+ Year Treasury Bond 5 Floor ETF® TLT 5% Floor 3 Months 26.81%
Bitcoin ETFs
Ticker   Name Ref. Asset Protection¹ Outcome Period Participation Rate
QBF Uncapped Bitcoin 20 Floor ETF® Bitcoin 20% Floor 3 Months 67.00%
Premium Income ETFs
Ticker   Name Ref. Asset Protection¹ Outcome Period Defined Dist. Rate
LAPR Premium Income 15 Buffer ETF™ S&P 500 15% Buffer 1 Year 7.57%
APRH Premium Income 20 Barrier ETF® S&P 500 20% Barrier 1 Year 9.32%
APRJ Premium Income 30 Barrier ETF® S&P 500 30% Barrier 1 Year 7.74%
Accelerated ETFs®
Ticker   Name Ref. Asset Upside/Downside Outcome Period Cap
QTAP Growth Accelerated Plus ETF® QQQ 3x/1x 1 Year 22.80%
XBAP U.S. Equity Accelerated 9 Buffer ETF™ S&P 500 2x/1x + 9% Buffer 1 Year 15.04%
XTAP U.S. Equity Accelerated Plus ETF® S&P 500 3x/1x 1 Year 19.47%
XDQQ Growth Accelerated ETF® QQQ 2x/1x 3 Months 10.20%
XDSQ U.S. Equity Accelerated ETF® S&P 500 2x/1x 3 Months 8.58%
Dual Directional ETFs: Seek to provide the potential for positive returns in both up and down markets, and a built-in buffer against losses in severely down markets.

100% Buffer ETFs™: seek to track the return of SPY, to a cap, with a 100% downside buffer over the outcome period, before fees and expenses.

Buffer ETFs™: Seek to provide investors with equity market appreciation, up to a cap, and downside buffer levels, over a 3-month or 1-year outcome period.

Premium Income Buffer ETFs™: Seek to provide shareholders that hold shares for the entire outcome period with a buffer against the first 9% or 15% of Underlying ETF losses during the outcome period. The Fund's shareholders will bear all Underlying ETF losses exceeding the buffer on a one-to-one basis. There is no guarantee that the Fund will be successful in its attempt to implement the Buffer.

Premium Income Barrier ETFs™: Seek to provide investment performance for each Outcome Period that is equal to the Defined Distribution Rate, subject to the losses experienced by the S&P 500 Price Return Index, if such losses exceed the Barrier at the end of the Outcome Period.

Accelerated ETFs®: Seek to offer approximately 2 or 3 times the upside return of SPY or QQQ, to a cap, with approximately single exposure to the downside, over a 3-month or 1-year outcome period.

Reference Asset is the market in which the ETF pursues its defined investment outcome. Protection is the amount and type of downside risk management the fund seeks to provide. Outcome Period is to the time period the fund seeks to achieve its stated cap and buffer. Cap is the maximum potential return if held to the end of the current Outcome Period.
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