Innovator Equity Dual Directional 15 Buffer ETF - May

Innovator Equity Dual Directional 15 Buffer ETF - May is an actively managed exchange-traded fund designed to provide defined-outcome exposure to U.S. large-cap equities through options-based strategies tied to the S&P 500. The fund seeks to capture gains in rising markets up to a predetermined cap while also targeting positive returns when the reference asset declines within a defined inverse performance range. It is structured to limit losses beyond that threshold, making it part of Innovator’s dual directional ETF lineup. The portfolio uses FLEX options and is intended to reset at the end of each outcome period, allowing the strategy to be maintained over time. Innovator Equity Dual Directional 15 Buffer ETF - May is used by investors looking for rules-based equity exposure with built-in upside and downside parameters rather than traditional market tracking.