Innovator U.S. Equity Power Buffer ETF - December

Innovator U.S. Equity Power Buffer ETF - December is an actively managed exchange-traded fund designed to provide exposure to the U.S. large-cap equity market through the SPDR S&P 500 ETF Trust. Its strategy seeks to capture upside in the underlying market up to a predetermined cap while buffering the first 15% of losses over each annual outcome period. The fund uses FLEX options and collateral to pursue these defined return characteristics, making it part of Innovator’s buffered ETF lineup. Rebalancing occurs annually, and each new outcome period resets the fund’s payoff profile. Innovator U.S. Equity Power Buffer ETF - December is used by investors seeking a rules-based, outcome-focused approach to U.S. equity participation with built-in downside buffer features.