Innovator U.S. Equity Accelerated 9 Buffer ETFTM – April Price & Performance (XBAP)

Shares of Waaree Energies, India's leading solar module exporter, tumbled 9% following the end of its lock-in period. The drop was exacerbated by a recent downgrade from Jefferies, citing concerns over U.S. import declines and sector headwinds. Broader market volatility and tariff worries also contributed to the decline.1

A series of Innovator ETFs, including Premium Income and Accelerated ETFs with April outcome periods, underwent liquidation on April 9. Investors holding APRD, APRQ, HAPR, and XDAP received cash settlements per share. The move follows the funds’ scheduled outcome period conclusions and reflects the ETF provider’s structured investment approach.2

Innovator’s Balanced Alternative Model Portfolio has posted an annualized return of 10.5% since mid-2022, outpacing core bonds and offering significantly less volatility than the S&P 500. The model provides equity exposure with a 25–30% buffer against losses, appealing to investors seeking smoother returns amid market fluctuations.3