Frequently Asked Questions About KMAY

What does KMAY invest in?

KMAY uses FLEX options in an effort to moderate losses on the iShares Russell 2000 ETF over a one-year period starting each May. The fund foregoes some upside return as well as the ETF's dividend component, because the options are written on the price (not total) return version of the shares. In exchange for preventing realization of the first 15% of losses on the shares, investors forego upside some participation. The partial downside hedge and upside cap are reset annually. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held the entire outcome period in an attempt to achieve the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed, using FLEX options and collateral exclusively.

What is the expense ratio of KMAY?

Innovator ETFs Trust - Innovator U.S. Small Cap Power Buffer ETF - May (KMAY) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

What is KMAY's distribution yield?

KMAY's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.

How does KMAY's covered-call strategy work?

KMAY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is KMAY?

Innovator ETFs Trust - Innovator U.S. Small Cap Power Buffer ETF - May (KMAY) manages $45.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is KMAY actively managed or an index fund?

KMAY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

KMAY

Innovator ETFs Trust - Innovator U.S. Small Cap Power Buffer ETF - May

CBOE·Asset Management · Financial Services

$29.53$0.04−0.15%

After hours·$29.53+0.00%

Market closed·Oct 22 3:52 PM EDT

Price Chart

$29.53−$0.04 (−0.15%)today

+18.83%CAGR +12.38%

Select date range

FromTo

May 1, 2025May 1, 2025 → Oct 23, 2026· 1.5 yrsOct 23, 2026

Key Metrics

DistributionDistributions Tab

Annual Distribution (FWD)—

Distribution Yield (FWD)—

Annual Distribution (TTM)—

Distribution Yield (TTM)—

Distribution Growth (5Y)—

Frequency—

Most Recent—

Ex-Dividend Date—

Payment Date—

DiversificationDiversification Tab

Holdings5

Top 10 Weight100.1%

Top 25 Weight100.1%

Effective Holdings1

Sectors—

Largest HoldingS000085984-0 · 120.2%

Largest Sector—

Asset Class

StrategyOptions Income

Cost & RiskExpenses Tab

Expense Ratio0.79%

Cost per 10k Invested$79.00

AUM$45.93M

Avg Daily Volume7.66K

Price$29.53

NAV$29.63

Premium / Discount−0.34%

52-Week Range$27.26 – $30.92

Beta0.15

Fund Overview

Cost Verdict

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Issuer: Innovator
Asset Class
Strategy: Options Income
Inception: May 1, 2025
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US45784N6682
CUSIP: 45784N668
Website: www.innovatoretfs.com/etf/?ticker=KMAY

Latest News

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Frequently Asked Questions About KMAY

What does KMAY invest in?: KMAY uses FLEX options in an effort to moderate losses on the iShares Russell 2000 ETF over a one-year period starting each May. The fund foregoes some upside return as well as the ETF's dividend component, because the options are written on the price (not total) return version of the shares. In exchange for preventing realization of the first 15% of losses on the shares, investors forego upside some participation. The partial downside hedge and upside cap are reset annually. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held the entire outcome period in an attempt to achieve the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed, using FLEX options and collateral exclusively.
What is the expense ratio of KMAY?: Innovator ETFs Trust - Innovator U.S. Small Cap Power Buffer ETF - May (KMAY) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.
What is KMAY's distribution yield?: KMAY's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.
How does KMAY's covered-call strategy work?: KMAY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
How big is KMAY?: Innovator ETFs Trust - Innovator U.S. Small Cap Power Buffer ETF - May (KMAY) manages $45.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
Is KMAY actively managed or an index fund?: KMAY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.