KAPR

Innovator U.S. Small Cap Power Buffer ETF - April

Alternatives

Innovator

$37.33

+0.16%

Volume: 11,730

Updated Apr 10, 4:00 PM

$37.33

+0.16%

Volume: 11,730

Apr 10, 4:00 PM

Overview

KAPR is an actively managed “buffer” ETF designed to shape your one-year outcome on U.S. small caps by using customizable exchange-traded options (FLEX options) tied to the iShares Russell 2000 ETF (IWM). Over each April-to-March outcome period, it targets protection against the first ~15% of losses in IWM’s share price, but in exchange it gives up dividends and caps part of the upside.

Real Talk

You don’t own a basket of small-cap stocks here—you mainly own options contracts on IWM plus cash-like collateral. The options are built to soften a defined chunk of losses, but they also limit how much you can gain.

Price Chart

Loading chart...

Kai Intelligence

AI-powered ETF analysis

Overall Kai Assessment

Cost Efficiency

Portfolio Quality

B+

Tradability

A-

Investor Value

Unlock Kai Grades

Get detailed ratings across Cost, Quality, Tradability & Value for KAPR.

Issuer Information

See all ETFs from Innovator

Buffer ETF

Defined Outcome

Provides downside buffer protection with capped upside over a defined outcome period.

ETF Factsheet

AUM

$198.5M

Asset Class

Alternatives

Inception

4/1/2020

Expense Ratio

0.79%

Kai GradeLearn more

ETF Details

Geography

U.S.

Management

Active

Portfolio Breakdown

Top 10 Securities

Showing the largest holdings by weight in KAPR

Logo	Ticker	Company Name	ETF Weight	Market Value
IW	IWM 03/31/2027 2.48 C	IWM 03/31/2027 2.48 C	87.91%	$201.2M
IW	IWM 03/31/2027 248 P	IWM 03/31/2027 248 P	5.38%	$12.3M
IW	IWM 03/31/2027 298.79 C	IWM 03/31/2027 298.79 C	3.93%	$-8985631
IW	IWM 03/31/2027 210.8 P	IWM 03/31/2027 210.8 P	2.44%	$-5577008
US	US BANK MMDA - USBGFS 9 09/01/2037	US BANK MMDA - USBGFS 9 09/01/2037	0.27%	$619.3K