Innovator U.S. Equity Ultra Buffer ETF - September

Innovator U.S. Equity Ultra Buffer ETF - September is an actively managed exchange-traded fund designed to provide exposure to U.S. large-cap equities through an options-based buffer strategy. The fund seeks to capture the price return of the SPDR S&P 500 ETF Trust up to a predefined upside cap while aiming to cushion losses within a specified range over each annual outcome period. It uses FLEX Options and collateral to build a defined outcome profile, making it part of the growing category of buffered ETFs used by investors seeking structured market participation with downside mitigation features. The September series resets at the end of each outcome period, allowing the strategy to be renewed on a recurring basis. Innovator U.S. Equity Ultra Buffer ETF - September is positioned within the U.S. equity options-strategy segment and is commonly used as a portfolio tool for access to broad market exposure with built-in buffering characteristics.