Innovator U.S. Equity Power Buffer ETF - July

Innovator U.S. Equity Power Buffer ETF - July is an actively managed exchange-traded fund that seeks to provide exposure to U.S. large-cap equities through a defined-outcome strategy. The fund is designed to track the return of the SPDR S&P 500 ETF Trust, up to a predetermined cap, while buffering the first 15% of losses over each outcome period. It uses FLEX options and collateral to manage this risk-and-return profile, making it distinct from traditional index funds. The July series resets annually, allowing the fund to maintain its target outcome structure over successive periods. Innovator U.S. Equity Power Buffer ETF - July is used by investors seeking structured equity exposure tied to the broad U.S. market, with a focus on balancing participation in gains and limited downside protection within the fund’s defined framework.