Innovator U.S. Equity 10 Buffer ETF - Quarterly

Innovator U.S. Equity 10 Buffer ETF - Quarterly is an exchange-traded fund designed to provide exposure to U.S. large-cap equities through a defined outcome structure. The fund seeks to track the performance of the SPDR S&P 500 ETF Trust, up to a stated cap, while offering a 10% buffer against the first portion of losses over each three-month outcome period. It uses FLEX options to implement its strategy and resets its cap and buffer levels on a quarterly basis. This structure makes the fund a specialized tool for investors looking to access broad U.S. stock market participation with a built-in downside buffer and a predefined return profile. The ETF is part of Innovator’s defined outcome lineup and is used in portfolios that emphasize risk-managed equity exposure.