Innovator Equity Defined Protection ETF - 2 Yr to October 2027

Innovator Equity Defined Protection ETF – 2 Yr to October 2027 is an actively managed exchange-traded fund designed to provide exposure to the performance of the SPDR S&P 500 ETF Trust, while applying a defined outcome structure that limits downside risk over a two-year period. The fund uses FLEX options to create a buffered return profile, offering a 100% downside buffer up to a stated upside cap for the outcome period. Its portfolio is built around large-cap U.S. equity exposure and is intended for investors seeking a rules-based strategy with clear return parameters rather than direct stock selection. Innovator Equity Defined Protection ETF – 2 Yr to October 2027 is part of Innovator’s Defined Protection ETF series and reflects the broader use of options-based funds in modern portfolio construction, where defined-risk market exposure has become an important niche within the ETF market.