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

Innovator U.S. Small Cap Power Buffer ETF - March is an exchange-traded fund designed to provide exposure to the price return of the iShares Russell 2000 ETF through a defined outcome structure. The fund seeks to capture gains from U.S. small-cap stocks up to a predetermined cap while offering a buffer against the first 15% of losses over each annual outcome period, before fees and expenses. It uses FLEX options and collateral-based exposure to implement its strategy, and the outcome period resets approximately once a year. The ETF is part of Innovator’s defined outcome lineup and is used by investors looking for a structured small-cap equity exposure with built-in downside protection features. It focuses on the U.S. small-cap segment of the equity market, making it a specialized tool within the ETF market for accessing small-cap performance with managed risk parameters.