Innovator Growth-100 Power Buffer ETF - May

Innovator Growth-100 Power Buffer ETF - May is an actively managed exchange-traded fund designed to provide exposure to the price return of the Invesco QQQ Trust, while seeking to buffer the first 15% of losses over a defined outcome period. The fund uses FLEX options and collateral to create a return profile that combines capped upside participation with downside protection features, making it part of Innovator’s defined-outcome ETF lineup. NMAY resets approximately annually, allowing the strategy to roll into a new outcome period while maintaining the same core objective. The fund is built around large-cap U.S. growth exposure and is used by investors looking for a structured way to access technology-heavy and innovation-oriented market segments through a rules-based options strategy.