Innovator U.S. Equity Accelerated 9 Buffer ETF - January

Innovator U.S. Equity Accelerated 9 Buffer ETF - January is an actively managed exchange-traded fund designed to provide exposure to large-cap U.S. equities through a defined outcome strategy. The fund uses options on the SPDR S&P 500 ETF Trust to seek double the upside participation of the S&P 500, up to a preset cap, while offering a buffer against the first 9% of losses during each one-year outcome period. It is built for investors who want a rules-based equity allocation with a structured return profile rather than direct index tracking. The fund can be held beyond a single outcome period, with its terms resetting annually. As part of Innovator’s January series, it plays a niche role in the ETF market by combining equity market exposure with downside mitigation features in a single portfolio structure.