Innovator ETFs: Defined Protection ETFs

100% Downside Buffer ETFs

Equity Defined Protection ETFs

Defined Protection ETF List

Potential Outcomes

Equity Defined Protection ETFs seek 1:1 upside exposure to the SPDR S&P 500 ETF, to a cap, with a 100% downside buffer against loss over a six-month, 1-year or 2-year outcome period, before fees and expenses.

S&P 500 ETF Exposure

100% Downside Buffer†

1:1 Upside, to a Cap

6-Month, 1-Year, or 2-Year Outcome Period

The Funds have characteristics unlike many other traditional investment products and may not be suitable for all investors. For more information regarding whether an investment in the Fund is right for you, please see "Investor Suitability" in the prospectus.

What are they?

Equity Defined Protection ETFs seek 1:1 upside exposure to the SPDR S&P 500 ETF, to a cap, with a 100% downside buffer against loss over a two-year outcome period.

S&P 500 ETF Exposure

100% Downside Buffer

1:1 Upside, to a Cap

6-Month, 1-Year & 2-Year Outcome Period

Equity Defined Protection ETFs

In addition to having the world’s largest suite of Defined Outcome ETFs™, Innovator currently offers the industry's first and largest suite of Equity Defined Protection ETFs. The 100% buffer is the largest of six different buffer levels offered by Innovator, offering a way for investors to help manage their equity market risk.

6-MONTH OUTCOME PERIOD

JAJL

5.00% Cap

APOC

3.79% Cap

1-YEAR OUTCOME PERIOD

Listing 1/1/25

Listing 2/1/25

Listing 3/1/25

Listing 4/1/25

Listing 5/1/25

Listing 6/1/25

9.50% Cap

8.82% Cap

7.53% Cap

6.77% Cap

7.49% Cap

Listing 12/1/24

2-YEAR OUTCOME PERIOD

15.81% Cap

18.00% Cap

18.20% Cap

12.96% Cap

Listing 1/1/25

Listing 4/1/25

16.62% Cap

Listing 10/1/25

New Defined Protection ETFs are scheduled to launch each month. View our full product list here.

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POTENTIAL OUTCOMES

In the hypothetical scenarios below, the Defined Protection ETF's upside cap is assumed to be 16%.

This graph is provided to illustrate the Outcomes that the Fund seeks to provide based upon the performance of the SPDR S&P 500 ETF. There is no guarantee that these Outcomes will be achieved over the course of the Outcome Period. The Outcomes may only be realized by investors who hold the share of the Fund at the outset of the Outcome Period and continue to hold them until the conclusion of the Outcome Period. Investors that purchase Shares after the Outcome Period has begun or sell Shares prior to the Outcome Period's conclusion may experience investment returns very different from those that the fund seeks to provide. There is no guarantee that the Outcomes for an Outcome Period will be realized.

FAQs

More FAQs

Where can Equity Defined Protection ETFs fit?

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