KAPR
Innovator U.S. Small Cap Power Buffer ETF - April
📎 Investment Objective
The Innovator U.S. Small Cap Power Buffer ETF - April seeks to provide investors with returns that match the performance of the Russell 2000 Index, up to a predetermined cap, while providing a buffer against the first 15% of losses over the course of an outcome period.
Overview
ETF tracking Innovator U.S. Small Cap Power Buffer ETF - April
Performance
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Investment Summary
📎 Investment Objective
The Innovator U.S. Small Cap Power Buffer ETF - April seeks to provide investors with returns that match the performance of the Russell 2000 Index, up to a predetermined cap, while providing a buffer against the first 15% of losses over the course of an outcome period.
🎯 Investment Strategy
The ETF uses a defined outcome strategy, investing in a portfolio of FLexible EXchange Options (FLEX Options) on the Russell 2000 Index. The options are structured to provide upside participation up to a cap, while limiting downside risk to the first 15% of losses over the outcome period.
✨ Key Features
- Defined outcome strategy with upside participation and downside buffer
- Resets annually in April to provide a new one-year outcome period
- Expense ratio of 0.00%
- Relatively low assets under management
⚠️ Primary Risks
- Market risk, as the ETF's returns are tied to the performance of the Russell 2000 Index
- Capped upside potential, as returns are limited by the predetermined cap
- Opportunity risk, as the ETF may underperform the Russell 2000 Index in a strongly positive market
- Liquidity risk, due to the low asset base
👤 Best For
This ETF may be suitable for investors seeking small-cap equity exposure with a defined risk profile, who are willing to forgo some upside potential in exchange for downside protection. It may be particularly appealing to more conservative investors or those nearing retirement.