# KMAY (Innovator U.S. Small Cap Power Buffer ETF - May)

Innovator · Buffer ETFs · data as of Sep 11, 2026

As of Sep 11, 2026, KMAY sits between its buffer and its cap, with IWM up 3.9% since the period began.

## Key facts

- KMAY, can still gain: 13.7%, as of Sep 11, 2026.
- KMAY, fall before the buffer: 4.0%, as of Sep 11, 2026.
- KMAY, protection left, index points: 15.0%, as of Sep 11, 2026.
- KMAY, days to reset: 231, as of Sep 11, 2026.
- KMAY, net assets: $48m (issuer page, as of Sep 11, 2026).
- KMAY, expense ratio: 0.79% (issuer page, Sep 11, 2026).

## KMAY over each window to Sep 11, 2026

| Window | Total return | IWM | Gap to IWM |
| --- | --- | --- | --- |
| 3 months | +0.8% | −1.1% | +1.9 pts |
| 6 months | +6.2% | +17.6% | −11.5 pts |
| 1 year | +9.9% | +21.2% | −11.3 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | IWM | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | Apr 30, 2026 to Apr 30, 2027 | ETFIQ |
| Starting cap | +18.4% | ETFIQ |
| IWM return since period start | +3.9% | ETFIQ |
| Fund return since period start | +3.9% | ETFIQ |
| Net assets | $48m | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 13.7% | issuer, fund price |
| Fall before buffer | 4.0% | issuer, fund price |
| Fall to the buffer in index terms | 3.8% | ETFIQ |
| Protection left in index points | 15.0% of 15.0% | ETFIQ |
| Days left in period | 231 | ETFIQ |
| Expense ratio | 0.79% | issuer page, Sep 11, 2026 |

## Questions

### How much can KMAY still gain?

About 13.7% from its price on Sep 11, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +18.4%.

### How far can KMAY fall before the buffer helps?

4.0% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms IWM can fall 3.8% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the KMAY buffer is left?

15.0% of the 15.0% buffer sat below the IWM level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does KMAY reset?

The outcome period ends on Apr 30, 2027, 231 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does KMAY cost?

The prospectus expense ratio is 0.79% a year.


## Cite this page

ETFIQ, KMAY, data as of Sep 11, 2026. https://etfiq.com/funds/kmay
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/kmay  ·  JSON: https://etfiq.com/funds/kmay.json