Innovator U.S. Equity Ultra Buffer ETF™ - April UAPR Strategy

The investment seeks to provide investors with returns that match the return of the Underlying ETF, up to the upside cap of 13.03% (prior to taking into account management fees and other fees) while providing a buffer against Underlying ETF losses of between 5% and 35% (prior to taking into account management fees and other fees), over the period from April 1, 2026 to March 31, 2027. The fund has adopted a policy pursuant to Rule 35d-1 under the 1940 Act to invest, under normal circumstances, at least 80% of its net assets in investments that provide exposure to the SPDR® S&P 500® ETF Trust. It is non-diversified.