Innovator U.S. Equity Power Buffer ETF - March

Innovator U.S. Equity Power Buffer ETF - March is an actively managed exchange-traded fund designed to provide exposure to U.S. large-cap equities through a buffered options-based strategy. The fund seeks to track the return of the SPDR S&P 500 ETF Trust up to a predetermined cap while aiming to cushion the first 15% of losses over each outcome period. It uses derivatives and collateral rather than holding a traditional basket of stocks, making it part of Innovator’s defined-outcome ETF lineup. The portfolio resets at the end of each outcome period, typically on an annual basis, allowing the fund to maintain its target buffer and cap structure. Innovator U.S. Equity Power Buffer ETF - March is used by investors seeking managed exposure to broad U.S. equity market performance with built-in downside protection features and limited upside participation.