KBFRInnovator U.S. Small Cap Managed 10 Buffer ETF
Seeks to provide capital appreciation while seeking to limit the amount of losses experienced.
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#5,562 of 5,562 · expensive
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#5,562 of 5,562 · small
N/A
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#5,562 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Structured outcome
Index tracked
Russell 2000 Price Return Index
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca, NYSE American
Full fund details
- Objective
- Seeks to provide capital appreciation while seeking to limit the amount of losses experienced.
- Strategy
- Invests at least 80% of net assets in equity securities and options for U.S. small-cap companies. Seeks to provide a 10% buffer against losses in the Russell 2000 Price Return Index through a laddered options strategy. Actively managed to optimize returns while limiting losses.
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Buffer ETF — downside protection at a cost
Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.
Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)
Why we flagged this: strategy=structured_outcome + structured_outcome_strategy
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 2026-06-19