Innovator U.S. Equity Ultra Buffer ETF - November

Innovator U.S. Equity Ultra Buffer ETF - November is an actively managed exchange-traded fund designed to provide exposure to U.S. large-cap equities through the SPDR S&P 500 ETF Trust while targeting a defined upside cap and a buffered range of downside protection over a one-year outcome period. The fund uses flexible exchange options and collateral to shape its return profile, with outcomes resetting each November so it can be held continuously from one cycle to the next. It is part of Innovator’s structured ETF lineup and is intended for investors seeking equity market participation with a pre-set balance between growth potential and loss mitigation. The fund is focused on broad U.S. stock market exposure and plays a role in the market as a rules-based buffer strategy built around the S&P 500.