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Chicago Board Options ExchangeEquity ETF
$25.11
$0.00 · 0.00%
As of Nov 13, 9:46 AM ET
Regular session · ET · Market data may be delayed.
LAPR provides no upside potential. Instead, it aims for a defined rate of income and downside protection over a one-year period starting each April. The actively managed portfolio consists of i) US Treasurys maturing on each quarterly distribution date and ii) out-of-the-money SPDR S&P 500 ETF Trust (SPY) put FLEX options sold to provide one-to-one downside exposure. The fund invests the net premiums generated from the purchased and sold puts in US Treasurys. At each outcome period, the fund seeks to provide income through a defined distribution rate and a buffer against the first 15% of SPY losses. In exchange for this buffer, investors forgo any upside participation. After the buffer level is breached, investors take on the full downside of the underlying ETF's returns. The fund must be held during the entire return period to pursue intended results. Investors who buy at any other time than the annual reset day may have a different investment return.
Fund facts updated Nov 12, 2026.
Day range
Current $25.11
52-week range
Current $25.11
1 month
-0.36%
3 months
-0.75%
Year to date
-0.10%
1 year
-0.18%
Since inception
+0.64%
Cumulative price changes exclude distributions and investor-specific taxes, trading costs, and cash flows.
Showing 8 of 8 reported holdings
Holdings data updated Nov 13, 2026.
Some research data is temporarily unavailable: Exposure and Distributions.
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ETF data may be delayed, incomplete, or revised. Holdings and exposures change over time. Historical performance does not guarantee future results. This page is for informational and educational purposes only and does not constitute investment advice or a recommendation.