Innovator Equity Defined Protection ETF - 1 Yr August

Innovator Equity Defined Protection ETF - 1 Yr August 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 applying a defined-outcome structure over a one-year period. The fund is designed to capture upside participation up to a preset cap and to buffer the first 100% of losses during the outcome period, before fees and expenses. It primarily uses FLEX options to implement this profile, making it part of Innovator’s lineup of defined protection ETFs aimed at investors seeking a rules-based equity strategy with a built-in downside buffer. Innovator Equity Defined Protection ETF - 1 Yr August is used in portfolio construction for U.S. equity exposure with risk-managed characteristics and a scheduled annual reset of its outcome terms.