Innovator U.S. Small Cap Managed Floor ETF (RFLR)

The Innovator U.S. Small Cap Managed Floor ETF (RFLR) is an actively managed exchange-traded fund from Innovator ETFs that provides exposure to U.S. small-cap stocks while seeking to limit large losses.

The fund holds small-cap equities or index exposure related to the Russell 2000 and maintains a continuous options hedge, buying put options to establish a floor on losses over rolling periods and selling call options to help pay for that protection. Unlike Innovator's defined-outcome buffer funds, it does not have fixed outcome periods with set caps.