Innovator U.S. Equity Ultra Buffer ETF - October

Innovator U.S. Equity Ultra Buffer ETF - October is an actively managed exchange-traded fund that seeks to provide exposure to U.S. large-cap equities through the SPDR S&P 500 ETF Trust while using options-based strategies to moderate downside risk. The fund is designed to capture the return of the S&P 500, up to a predefined cap, over an annual outcome period that resets each October. Its structure aims to deliver a built-in buffer against a portion of market losses while limiting upside participation in exchange for that protection. The portfolio is centered on FLEX options and collateral positions, making it part of Innovator’s defined outcome ETF lineup. Innovator U.S. Equity Ultra Buffer ETF - October is used by investors seeking a rules-based way to participate in broad U.S. equity market movements with a defined risk-and-return profile.