| Investment Objective: |
The Innovator Equity Defined Protection ETF seeks to track the return of the SPDR S&P ETF Trust (SPY), up to a predetermined cap, while buffering investors against the first of losses over the outcome period before fees and expenses. The ETF can be held indefinitely, resetting at the end of each outcome period. The Fund will invest substantially all of its assets in FLexible EXchange Options ("FLEX Options") on the SPDR S&P 500 ETF Trust (the "Underlying ETF"). FLEX Options are customizable exchange-traded option contracts guaranteed for settlement by the Options Clearing Corporation. The Fund uses FLEX Options to employ a "defined outcome strategy." Defined outcome strategies seek to produce pre-determined investment outcomes based upon the performance of an underlying security or index. The pre-determined outcomes sought by the Fund, which include the buffer and cap discussed below ("Outcomes"), are based upon the performance of the Underlying ETF over an approximately one-year period from April 1 through March 31 of the following year (the "Outcome Period"). The initial Outcome Period is from April 1, 2025 through March 31, 2026. |
