Innovator U.S. Equity Power Buffer ETF - April

Innovator U.S. Equity Power Buffer ETF - April is an actively managed exchange-traded fund designed to provide exposure to U.S. large-cap equities through a defined-outcome strategy. The fund seeks to match the price return of the SPDR S&P 500 ETF Trust over each annual April-to-March outcome period, while limiting the first 15% of losses and capping upside potential at a preset level that resets each year. It uses FLEX options and collateral to deliver this structure, making it distinct from traditional broad-market equity funds. Innovator U.S. Equity Power Buffer ETF - April is used by market participants looking for packaged downside buffering and capped participation in large-cap U.S. stock market movements within a systematic options-based framework.