Innovator U.S. Small Cap Managed 10 Buffer ETF
$26.37−0.10 (−0.39%)
- 0.79%
- $13M
- 0M sh
- $26.41
- low $24.06high $28.09
The ETF.net KBFR Grade
B
Score 60 out of 100
- 1 of 11
Score 60 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A71 out of 100Rank 3 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C48 out of 100Rank 5 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 9 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A82 out of 100Rank 1 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C48 out of 100Rank 7 of 11
Our read on KBFR
BSmall caps with a seatbelt. Innovator's actively managed fund owns roughly 800 U.S. small caps and layers options on top, built around the 10% buffer in its name, and it undercuts the typical buffer fund on fee.
The Fund seeks long-term capital gains while mitigating overall market risk. It is actively managed and uses equity and option positions to provide risk-managed U.S. small-cap exposure.
Why people hold it
- Costs 0.79% a year, below the 0.89% typical of buffer funds in its group.
- Actively managed and holds about 800 small caps outright, with the option positions layered on top rather than standing in for the stocks.
- Buffered small-cap exposure is a thin shelf. Its nearest cohort peers cushion international stocks (IBUF), equal-weight U.S. (RSJN) or long Treasuries (TBJL).
- Adds up to one of the stronger overall packages among the buffer funds we grade.
Worth knowing
- Launched in 2026, so there is little live history behind any read on how it handles a real drawdown.
- Small and thinly traded, so bid-ask spreads and premiums can run wider than in the big buffer names.
- The buffer absorbs a slice of losses, not all of them, and the option overlay means results can part ways with the small-cap market in both directions.
KBFR Holdings
- Other
- 831
- 9%
- Us Bank Mmda - Usbgfs 9 09/01/2037
Geography
- United States96.40%
- Bermuda1.67%
- Switzerland0.19%
- Monaco0.19%
- Ireland0.18%
- Singapore0.18%
- United Kingdom0.17%
- Panama0.15%
- 0.88%
KBFR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
KBFR$9,724
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | KBFR |
|---|---|
| Year to date | — |
| 1 month | −1.8% |
| 3 months | −2.8% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | KBFR |
|---|---|---|
| 2026 YTD | +6.5% |
KBFR in the news
Week in Funds
ZOCT paid its cap, then reset at 9.43%
KBFR Dividends
- $0.04 per share
- Quarterly
Distribution data unavailable.
Distribution history
KBFR Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.24
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
KBFR Cost
0.79%
KBFR0.79%
- The middle half of Other Buffered funds
- Median 0.85%
No Other Buffered fund charges less.
Other funds in Other Buffered
- BIBUFInnovator International Developed 10 Buffer ETFExpense ratio 0.85%1 year return +10.6%
- BTBJLInnovator 20+ Year Treasury Bond 9 Buffer ETF - JulyExpense ratio 0.79%1 year return −9.2%
- BRSJNFT Vest U.S. Equity Equal Weight Buffer ETF - JuneExpense ratio 0.85%1 year return +13.0%
- CRSSEFT Vest U.S. Equity Equal Weight Buffer ETF - SeptemberExpense ratio 0.85%1 year return +13.3%
- CRSMRFT Vest U.S. Equity Equal Weight Buffer ETF - MarchExpense ratio 0.85%1 year return +13.6%