# Innovator Premium Income 15 Buffer ETF – April (LAPR) — Overview

LAPR · BATS · Fund

Canonical page: https://www.lighthorse.io/tickers/lapr

## Price

Last close $25.19 on Oct 15, 2026. 52-week range $25.01 – $25.47.

## Fund profile

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.

| Metric | Value |
| --- | --- |
| Issuer | Innovator |
| Industry | — |
| Inception | Apr 1, 2024 |
| Assets under management | $10.7M |
| Expense ratio | 0.79% |
| Net asset value | $25.17 (as of Oct 14, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Innovator Premium Income 15 Buffer ETF – April (LAPR)?

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.

### What is LAPR's expense ratio?

Innovator Premium Income 15 Buffer ETF – April charges an annual expense ratio of 0.79%. The fund is issued by Innovator.

### How large is LAPR?

Innovator Premium Income 15 Buffer ETF – April manages $10.7M in assets and has traded since Apr 1, 2024.

### How do I buy shares of Innovator Premium Income 15 Buffer ETF – April (LAPR)?

LAPR trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).