Innovator Premium Income 20 Barrier ETF - July

Innovator Premium Income 20 Barrier ETF - July is an actively managed ETF designed to provide a defined level of quarterly income while applying a built-in 20% downside barrier over each annual outcome period. The fund uses a combination of U.S. Treasury bills and S&P 500 FLEX Options to seek income generation and structured downside exposure tied to the S&P 500 Price Return Index. It is part of Innovator’s Defined Outcome ETF lineup and is structured for investors who want a rules-based income approach with a capped loss buffer over the stated period. The July series resets annually and follows a specific outcome window, with distributions paid quarterly. Innovator Premium Income 20 Barrier ETF - July plays a role in the ETF market as a specialized income-oriented product that combines cash-like holdings with options-based strategy exposure.