Innovator Equity Dual Directional 15 Buffer ETF - July

Innovator Equity Dual Directional 15 Buffer ETF - July is an actively managed ETF designed to provide exposure to the performance of the SPDR S&P 500 ETF Trust through a defined-outcome options strategy. The fund seeks to participate in rising markets up to a preset upside cap, while also targeting positive returns when the reference asset declines within a specified inverse performance range. If losses extend beyond that threshold, the strategy aims to buffer the first portion of downside before investors bear additional losses. It is structured around a July outcome period that resets annually, allowing the fund to be held beyond a single period. The ETF is used by market participants seeking a rules-based approach to large-cap U.S. equity exposure with built-in upside and downside parameters.