Innovator Equity Dual Directional 10 Buffer ETF - July

Innovator Equity Dual Directional 10 Buffer ETF - July is an actively managed exchange-traded fund that seeks to deliver defined outcomes tied to the SPDR S&P 500 ETF Trust. It is designed to participate in rising markets up to a stated upside cap while also targeting positive returns in certain declining markets within a preset inverse threshold, with additional downside limits beyond that level. The fund uses FLEX options to build its outcome profile and resets on an annual July outcome period, allowing investors to hold it beyond a single cycle as the structure renews. Innovator Equity Dual Directional 10 Buffer ETF - July is part of Innovator’s dual directional ETF family, which focuses on outcome-oriented exposure rather than traditional index tracking. The fund is used by market participants seeking a structured equity allocation with rules-based return parameters linked to large-cap U.S. stocks.