Innovator Growth 100 Accumulation Plus Mutual Fund (QTAP)
BATS BATS Primary Summary
QTAP Chart
Innovator Growth 100 Accumulation Plus Mutual Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Focus Financial Network Inc. Focus Financial Network, Inc. | 23,902 | $1.05M | $1.22M | $171,477.17 | 16.37% |
| RM Rich Mowrer Brookwood Investment Group LLC | 12,040 | $475,978.64 | $611,090.2 | $135,111.56 | 28.39% |
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Innovator Growth 100 Accumulation Plus Mutual Fund Profile
| BATS Exchange | US Country |
Overview
The fund's primary focus is on investing a significant portion of its assets, at least 80%, in a portfolio comprised of FLexible EXchange® Options (FLEX Options). These specialized options are tied to the performance of the Invesco QQQ TrustSM, Series 1, also known as the Underlying ETF. FLEX Options stand out due to their customizable nature, allowing for adjustments in terms such as expiration dates and strike prices, which are not typically available in standard exchange-traded options. This offers versatility and the potential for precise hedging strategies or targeted investment outcomes. However, while these options provide unique investment opportunities, they also carry certain risks. Despite being guaranteed for settlement by the Options Clearing Corporation (OCC), there's an inherent counterparty risk involved. Moreover, FLEX Options may exhibit lower liquidity compared to more conventional options. It's also noteworthy that the fund adopts a non-diversified investment approach, concentrating its assets more narrowly than diversified funds. This concentration could lead to greater volatility and market risk.
Products and Services
The main offering of this fund revolves around its specialized investment in FLEX Options that reference the Invesco QQQ TrustSM, Series 1. Each product and service provided by the fund is designed with the objective of leveraging the unique characteristics of these exchange-traded options contracts.
- Invesco QQQ TrustSM, Series 1 FLEX Options - These are the core investment vehicles for the fund, providing investors with the opportunity to invest in options that have customizable features. Unlike standard options, FLEX Options allow for the tailoring of key terms such as the expiration dates and strike prices, offering more flexibility to meet specific investment strategies or needs. However, it's essential for investors to note the associated counterparty risk with the OCC and potential liquidity issues compared to more commonplace exchange-traded options.
