PSEP – Innovator US Equity Power Buffer ETF-Sep – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investors with returns that match the return of the Underlying ETF, up to the upside cap of 15.01% while providing a buffer against the first 15% of Underlying ETF losses, over the period from September 1, 2026 to August 31, 2027. The fund invests at least 80% of its net assets in FLexible EXchange® Options ("FLEX Options") that reference the SPDR® S&P 500® ETF Trust. FLEX Options are exchange-traded options contracts with uniquely customizable terms. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PSEP	Innovator U.S. Equity Power Buffer ETF™ - September	ETF	Open	—	—	Aug 30, 2019	$1.22B	0.790%	—	—	$107.35M

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