Innovator U.S. Small Cap Power Buffer ETF - August

Innovator U.S. Small Cap Power Buffer ETF - August is an actively managed exchange-traded fund designed to provide exposure to the price return of the iShares Russell 2000 ETF, while using an outcome-based structure that seeks to cushion the first 15% of losses over each annual outcome period. The fund applies a defined cap on upside participation and resets at the end of each outcome period, allowing it to maintain a recurring buffer-and-cap profile over time. It is part of Innovator’s series of defined outcome ETFs and focuses on U.S. small-cap equities through the Russell 2000 segment. The fund uses derivative-based strategies and collateral to deliver its exposure, making it a specialized tool for investors seeking small-cap market participation with built-in downside buffering features.