Innovator Laddered Allocation Buffer ETF
BUFB
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 109 N. Hale Street Wheaton IL United States of America 60187
- IPO Date
- Feb 9, 2022
- Website
- innovatoretfs.com
- Similar Companies
- Business
- Innovator Laddered Allocation Buffer ETF (BUFB) is an exchange-traded fund sponsored by Innovator Capital Management, LLC that seeks to track the MerQube U.S. Large Cap Equity Buffer Laddered Index through an equal-weighted portfolio of 12 Innovator U.S. Equity Buffer ETFs; these underlying ETFs provide exposure to the price return of the S&P 500, subject to an annual upside cap, while buffering investors against the first 9% of losses over their respective one-year outcome periods. BUFB rebalances semi-annually, with one underlying Buffer ETF resetting its outcome period each month to mitigate timing risk; it invests at least 80% of net assets in the index constituents, which collectively offer laddered buffered outcomes on U.S. large-cap equities. The fund, listed on February 9, 2022, features a management fee of 0.10% and total expense ratio including acquired fund fees of approximately 0.89%, targeting financial advisors, institutions, and individual investors seeking risk-managed equity exposure. Innovator Capital Management, LLC, founded in 2017 and headquartered in Wheaton, Illinois, pioneered defined outcome ETFs, including the BUFB as part of its laddered allocation strategy within the volatility-hedged equity segment. The firm offers over 150 ETFs focused on structured outcomes for growth, income, and downside protection; it primarily serves U.S. investors through exchange-listed products domiciled in the United States. In December 2025, Goldman Sachs agreed to acquire Innovator Capital Management for approximately $2 billion in cash and equity, subject to performance milestones and regulatory approval, with the transaction expected to close in Q2 2026. This strategic move adds $28 billion in assets under supervision across Innovator's ETF suite to Goldman Sachs Asset Management, elevating it into the top 10 active ETF providers globally and integrating Innovator's leadership and over 60 employees into Goldman's Third-Party Wealth and ETF units. No other major partnerships, funding rounds, product launches, or operational shifts for BUFB were reported in the last 1-2 years.