Innovator U.S. Equity Power Buffer ETF - February

Innovator U.S. Equity Power Buffer ETF - February is an actively managed exchange-traded fund designed to provide exposure to U.S. large-cap equities through options-based strategies tied to the SPDR S&P 500 ETF Trust. The fund seeks to deliver the price return of the S&P 500, up to a predetermined cap, while buffering the first 15% of losses over a one-year outcome period that resets each February. Its portfolio is built primarily with FLEX Options and collateral, making it part of the growing category of defined-outcome ETFs used by investors who want structured market exposure with built-in downside protection features. Innovator U.S. Equity Power Buffer ETF - February is positioned as a rules-based equity solution that combines participation in broad U.S. stock-market returns with a capped upside profile and periodic rebalancing.