BFRZInnovator Equity Managed 100 Buffer ETF
Seeks capital appreciation while limiting losses experienced by investors.
By Innovator ETFs · Launched 2025
0.89%
#4,672 of 5,861 · expensive
$137M
#2,702 of 5,861 · mid-size
+5.3%
1 year
#4,292 of 5,861 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 40.4% of fundmoderately concentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks capital appreciation while limiting losses experienced by investors.
- Strategy
- Actively manages a diversified portfolio of equity securities and options to provide capital appreciation and 100% buffers against losses in the large-cap U.S. equity markets. Implements a laddered options strategy to protect capital while participating in upside potential.
- Inception date
- May 12, 2025
- Fund family
- Innovator ETFs
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can build this cheaper yourself
Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.
Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04