Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly

Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly is an actively managed exchange-traded fund designed to provide exposure to long-duration U.S. Treasury bonds through a rules-based options strategy. The fund seeks to deliver the price return of the iShares 20+ Year Treasury Bond ETF, subject to a quarterly cap, while aiming to limit losses to 5% over each outcome period. It uses derivatives, including FLEX options, together with collateral to create its payoff profile and reset the outcome terms every quarter. The ETF is structured for investors seeking defined-risk exposure to the U.S. government bond market, particularly the long-end of the Treasury curve. Its role in the market is to package long-term Treasury exposure into a hedged, outcome-oriented format with a built-in downside buffer and periodic rebalancing.