Innovator Equity Dual Directional 10 Buffer ETF - February

Innovator Equity Dual Directional 10 Buffer ETF - February is an actively managed equity ETF designed to provide defined-outcome exposure to U.S. large-cap stocks through a rules-based options strategy. The fund seeks to participate in market gains up to a stated upside cap while also targeting positive or buffered outcomes during certain declines, using FLEX options tied to the SPDR S&P 500 ETF. It is structured around a one-year outcome period that resets each February, making it part of Innovator’s dual directional ETF lineup. The product is intended for investors seeking a packaged equity strategy with built-in upside and downside parameters, and it plays a specialized role in the defined-outcome ETF segment by offering exposure to broad U.S. equity markets with predefined return features.