Innovator Premium Income 20 Barrier ETF - October

Innovator Premium Income 20 Barrier ETF - October is an actively managed exchange-traded fund designed to pursue an income-oriented defined outcome strategy. The fund primarily holds U.S. Treasury bills and uses FLEX Options linked to the S&P 500 Price Return Index to seek a defined distribution rate while incorporating a 20% downside barrier over each annual outcome period. It is built for investors looking for a structured equity-linked income approach rather than direct participation in broad market upside. The ETF distributes income quarterly and resets its outcome period each October, making it part of Innovator’s October series. Innovator Premium Income 20 Barrier ETF - October is positioned in the defined outcome segment of the ETF market, where it combines fixed income instruments and options-based exposure to shape returns and manage downside within a rules-based framework.