Innovator U.S. Equity Buffer ETF - October

Innovator U.S. Equity Buffer ETF - October is an exchange-traded fund designed to provide exposure to the SPDR S&P 500 ETF Trust while using options-based overlays to moderate downside risk over a defined one-year outcome period. The fund seeks to deliver a portion of the market’s upside up to a preset cap, while buffering the first 9% of losses before fees and expenses. It is part of Innovator’s Defined Outcome ETF lineup and is structured to reset annually, allowing it to maintain a rolling October-to-September outcome profile. The ETF is used by investors looking for a rules-based approach to U.S. large-cap equity exposure with predefined return characteristics. BOCT primarily relies on FLEX options linked to the S&P 500 and is positioned as a portfolio tool for managing market exposure within a single-fund framework.