Innovator U.S. Equity Ultra Buffer ETF - December

Innovator U.S. Equity Ultra Buffer ETF - December is an actively managed exchange-traded fund designed to provide exposure to U.S. large-cap equities through a defined-outcome strategy. The fund seeks to capture a portion of the upside of the SPDR S&P 500 ETF Trust while using options-based hedging to buffer a range of downside moves over its outcome period. It resets annually in December, giving it a calendar-based structure that is common across Innovator’s ultra buffer lineup. The ETF is built for investors looking for equity market participation with a built-in risk-management framework, and it typically holds a small portfolio of options and collateral rather than individual stocks. Innovator U.S. Equity Ultra Buffer ETF - December is part of Innovator’s suite of defined-outcome products, which are used in U.S. equity portfolios to help manage market volatility while maintaining exposure to broad-market returns.