Innovator U.S. Small Cap Power Buffer ETF
KAPR
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
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 109 N. Hale Street Wheaton IL United States of America 60187
- IPO Date
- Apr 1, 2020
- Website
- innovatoretfs.com
- Similar Companies
- Business
- Innovator Capital Management, LLC (Innovator) serves as the issuer of the Innovator Russell 2000 Power Buffer ETF - April (KAPR), a defined outcome exchange-traded fund that seeks to track the price return of the iShares Russell 2000 ETF (IWM), which represents the Russell 2000 Index of small-cap U.S. equities, up to a predetermined cap while buffering investors against the first 15% of losses over a one-year outcome period that resets annually in April; the actively managed fund utilizes FLEX options on IWM, cash equivalents, and broker deposits for short positions to achieve these targeted outcomes before fees and expenses, with an expense ratio of 0.79%. Innovator offers a broad suite of similar defined outcome ETFs across equity indices, income strategies, buffer protections, and growth products, managing approximately $28 billion in assets under supervision across 159 ETFs as of September 30, 2025, primarily targeting institutional investors, financial advisors, retirees, and retail investors seeking risk-managed exposure to U.S. equities with downside protection and upside participation limits. The firm operates from its headquarters in Wheaton, Illinois, where it was founded in 2017 by industry veterans Bruce Bond and John Southard, former founders of PowerShares ETFs. In a major strategic development announced on December 1, 2025, Innovator entered into a definitive agreement to be acquired by The Goldman Sachs Group, Inc. for approximately $2 billion in a cash-and-equity transaction, subject to performance milestones and regulatory approval, with the deal expected to close in the second quarter of 2026; this acquisition will integrate Innovator as a wholly owned subsidiary within Goldman Sachs Asset & Wealth Management, expanding the combined entity's ETF offerings to over 215 strategies and more than $75 billion in assets, while preserving existing investment management agreements and incorporating over 60 Innovator employees. The transaction underscores Innovator's leadership in the rapidly growing defined outcome ETF segment, enhancing Goldman Sachs' capabilities in active ETFs focused on income, buffers, and targeted growth amid heightened market volatility. No other significant partnerships, funding rounds, acquisitions by Innovator, or product launches were reported in the past 1-2 years.