Innovator U.S. Small Cap Power Buffer ETF - March (KMAR)

The Innovator U.S. Small Cap Power Buffer ETF - March (KMAR) is a defined-outcome fund from Innovator Capital Management. It seeks to provide returns linked to the iShares Russell 2000 ETF up to a cap, while buffering against the first 15% of losses over a one-year outcome period beginning in March.

The fund creates this payoff using FLexible EXchange options on the reference ETF, which represents U.S. small-cap stocks. The cap on gains is set at the start of each outcome period.

The buffer and cap apply to investors who hold shares throughout the outcome period. Each March, the fund resets with new options and a new cap.