Innovator Nasdaq 100 Power Buffer ETF - April
NAPR
Chicago Board Options Exchange- -
USD
- -
- -
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.- CEO
- Michael J. Gorin
- Full Time Employees
- 1,400
- 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 Nasdaq-100 Power Buffer ETF - April (NAPR) is an exchange-traded fund that seeks to provide investment returns that match those of the Invesco QQQ Trust, Series 1 (QQQ), which tracks the Nasdaq-100 Index, up to a predetermined cap, while offering a buffer against the first 15% of losses in the underlying ETF over a one-year outcome period from April 1 to March 31 annually. The fund, a series of Innovator ETFs Trust and managed by Innovator Capital Management, LLC, achieves its objectives by investing at least 80% of its assets in FLEXible EXchange (FLEX) options that reference QQQ; it benchmarks performance to the Nasdaq-100 Price Return Index (NDX) and primarily targets large-cap growth stocks across sectors including information technology, communication services, consumer discretionary, health care, and industrials. NAPR forms part of Innovator's broader suite of Defined Outcome ETFs, which includes Buffer ETFs, Power Buffer ETFs, U.S. Equity Buffer ETFs, Dual Directional ETFs, Income ETFs, Accelerated ETFs, Floor ETFs, and Resetting ETFs, providing investors with targeted risk-managed exposure to equities, income generation, and growth strategies. Founded in 2017 and headquartered in Wheaton, Illinois, Innovator Capital Management, LLC serves institutional investors, registered investment advisors, wirehouses, and individual clients primarily in the United States, with products listed on the Cboe BZX Exchange. The firm, co-founded by ETF industry pioneers Bruce Bond and John Southard—previously of PowerShares—manages approximately $28 billion in assets under supervision across 159 defined outcome ETFs as of September 30, 2025, focusing on innovative structures that deliver predefined buffers, caps, and outcomes previously available mainly through annuities or structured products. In a major strategic development announced on December 1, 2025, Innovator Capital Management entered into a definitive agreement to be acquired by The Goldman Sachs Group, Inc. for approximately $2 billion in cash and stock, subject to performance milestones, with the transaction expected to close in the second quarter of 2026 pending regulatory approvals. This acquisition will integrate Innovator as a wholly owned subsidiary within Goldman Sachs Asset & Wealth Management, expanding Goldman's active ETF offerings to over 215 strategies and more than $75 billion in assets, while bolstering capabilities in defined outcome products amid surging demand for risk-managed active ETFs. The deal underscores Innovator's leadership in the rapidly growing defined outcome ETF category, which has seen active ETFs capture significant inflows in equity, fixed income, and global strategies.