# Innovator Equity Managed 100 Buffer ETF (BFRZ) — Overview

BFRZ · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/bfrz

## Price

Last close $27.26 on Oct 15, 2026. 52-week range $26.22 – $27.44.

## Fund profile

BFRZ is actively managed to provide limited upside potential while seeking to limit losses to 3 percent, as measured at the end of one-year periods. The fund holds US large-cap stocks and exchange-traded options contracts.

| Metric | Value |
| --- | --- |
| Issuer | Innovator |
| Industry | — |
| Inception | May 13, 2025 |
| Assets under management | $145.7M |
| Expense ratio | 0.89% |
| Net asset value | $27.24 (as of Oct 14, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Innovator Equity Managed 100 Buffer ETF (BFRZ)?

BFRZ is actively managed to provide limited upside potential while seeking to limit losses to 3 percent, as measured at the end of one-year periods. The fund holds US large-cap stocks and exchange-traded options contracts.

### What is BFRZ's expense ratio?

Innovator Equity Managed 100 Buffer ETF charges an annual expense ratio of 0.89%. The fund is issued by Innovator.

### How large is BFRZ?

Innovator Equity Managed 100 Buffer ETF manages $145.7M in assets and has traded since May 13, 2025.

### How do I buy shares of Innovator Equity Managed 100 Buffer ETF (BFRZ)?

BFRZ trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).