Innovator Equity Dual Directional 10 Buffer ETF - March

Innovator Equity Dual Directional 10 Buffer ETF - March is an exchange-traded fund designed to deliver defined outcome performance linked to the S&P 500 Index over a specific outcome period ending in March. It seeks to provide positive returns in both rising and certain declining markets, before fees and expenses, by using FLEX options on the SPDR S&P 500 ETF Trust as the reference asset. In upward markets, the fund captures gains up to a predefined cap, while in downward markets, it aims to deliver positive returns if the reference asset's decline stays within an inverse performance threshold, and limits losses beyond that threshold. This structure offers investors a unique approach to equity exposure with built-in buffers against moderate losses and participation in gains, distinguishing it within the defined outcome ETF category. Issued by Innovator ETFs, it focuses on large-cap U.S. equities and employs an active strategy without tracking a traditional benchmark.