KMAY – Innovator U.S. Small Cp Pwr Buf ETF -May – 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 18.45% (prior to taking into account management fees and other fees) while providing a buffer against the first 15% (prior to taking into account management fees and other fees) of Underlying ETF losses, over the period from May 1, 2026 to April 30, 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 (plus any borrowings for investment purposes) in investments that provide exposure to the iShares Russell 2000 ETF. The fund 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
KMAY	Innovator U.S. Small Cap Power Buffer ETF - May	ETF	Open	—	—	Apr 30, 2025	$46.46M	0.790%	—	—	$25.07M

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